FMCBOTCNational Commercial BanksFiscal year ends December 31
FARMERS & MERCHANTS BANCORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$1438.88−6.44 (-0.45%)
Close on Oct 19, 2026
- Market cap
- $977.81M
- P/E (TTM)
- 10.3
- Dividend yield
- 1.34%
Farmers & Merchants Bancorp statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of National Commercial Banks companies for comparison
Valuation
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Market Cap | $995.62M | $679.86M |
| Enterprise Value | $716.98M | $418.07M |
| PE Ratio | 10.28 | 12.00 |
| PS Ratio | 3.99 | 3.62 |
| PB Ratio | 1.47 | 1.18 |
| P/TBV Ratio | 1.49 | 1.42 |
| P/FCF Ratio | 10.00 | 10.93 |
| P/OCF Ratio | 8.52 | 10.04 |
Enterprise value
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| EV / Sales | 2.87 | 2.78 |
| EV / FCF | 7.20 | 8.40 |
Income (trailing twelve months)
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Revenue | $249.69M | $170.85M |
| Pretax Income | $131.22M | $70.12M |
| Net Income | $96.34M | $54.33M |
| EPS (Diluted) | $139.94 | $2.90 |
Margins
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Pretax Margin | 52.6% | 36.4% |
| Profit Margin | 38.6% | 29.1% |
| FCF Margin | 39.9% | 33.0% |
Returns
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Return on Equity (ROE) | 14.9% | 10.5% |
| Return on Assets (ROA) | 1.70% | 1.12% |
Growth
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 7.35% | 11.8% |
| Net Income Growth (YoY) | 7.01% | 23.1% |
| EPS Growth (YoY) | 10.2% | 22.7% |
| FCF Growth (YoY) | -5.03% | 27.1% |
| Revenue Growth (3Y CAGR) | 6.72% | 5.82% |
| Revenue Growth (5Y CAGR) | 8.05% | 6.17% |
| EPS Growth (3Y CAGR) | 11.5% | 1.26% |
| EPS Growth (5Y CAGR) | 12.6% | 8.24% |
Balance sheet
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $278.64M | $205.54M |
| Net Cash (Debt) | $278.64M | $164.40M |
| Net Cash Per Share | $402.69 | $8.13 |
| Equity (Book Value) | $679.02M | $560.44M |
| Book Value Per Share | $981.32 | $28.47 |
| Tangible Book Value | $666.91M | $472.29M |
Cash flow (trailing twelve months)
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Operating Cash Flow | $116.91M | $61.20M |
| Capital Expenditures | -$17.35M | -$4.02M |
| Free Cash Flow | $99.56M | $52.43M |
| FCF Per Share | $143.89 | $3.07 |
Efficiency
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Asset Turnover | 0.04 | 0.04 |
| Revenue Per Employee | $669.42K | $357.09K |
| Profits Per Employee | $258.30K | $107.23K |
| Employee Count | 373 | 528 |
Dividends and yields
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Earnings Yield | 9.68% | 8.07% |
| FCF Yield | 10.00% | 8.89% |
| Dividend Yield | 1.34% | 2.48% |
| Buyback Yield | -0.00% | 1.52% |
| Shareholder Yield | 1.34% | 3.13% |
| Dividend Per Share | $19.35 | $0.93 |
| Dividend Growth (YoY) | 6.91% | 4.26% |
| Years of Dividend Growth | 11 | 2 |
| Payout Ratio | 15.2% | 29.4% |
| FCF Payout Ratio | 14.7% | 26.0% |
Shares
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Shares Outstanding | 691,944 | 18,910,300 |
| Shares Change (YoY) | -2.99% | 0.39% |
| Shares Change (QoQ) | -0.16% | 0.00% |
| Float | 606,791 | 16,895,350 |
| Shares Held by Insiders | 12.3% | 5.92% |
| Shares Held by Institutions | 0.53% | 61.9% |
Taxes
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Income Tax | $34.87M | $14.50M |
| Effective Tax Rate | 26.6% | 21.1% |
Scores
| Measure | Farmers & Merchants Bancorp | Industry median |
|---|---|---|
| Graham Number | $1757.79 | $45.31 |
| Graham Upside | 22.2% | 21.6% |
| Altman Z-Score | 0.33 | 0.21 |
| Piotroski F-Score | 7 | 6 |
Calculated by StockData from Farmers & Merchants Bancorp's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.