FMFGOTCSavings Institutions, Not Federally CharteredFiscal year ends December 31

Farmers & Merchants Bancshares, Inc.

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 11, 2026

$18.60+0.00 (0.00%)

Close on Oct 19, 2026

Margins

Share of revenue, fiscal years 2015 to 2025

21.9%+8.0 pts over 5 years

Compound annual growth to fiscal 2025

Per year	1 year	3 years	5 years	10 years
Revenue	+16.7%	-0.1%	+6.4%	–
Net income	+34.8%	-10.7%	+16.5%	–
EPS, diluted	+32.1%	-12.0%	+15.0%	–
Free cash flow	+486.8%	-5.6%	+6.9%	–

10 fiscal years. Hover a measure to see how it is calculated.

Measure	FY2016	FY2020	FY2025
Return on equity	10.4%	5.3%	9.5%
Return on assets	–	0.5%	0.7%
Capex to revenue	1.2%	2.0%	1.4%
Diluted shares	3M	3M	3M

Return on equity split into margin, efficiency and leverage

Net margin21.9%

Asset turnover0.03×

Equity multiplier14.19×

Return on equity, FY20259.5%

Fiscal year	Net margin	Asset turnover	Equity multiplier	Return on equity
FY2025	21.9%	0.03×	14.19×	9.5%
FY2024	18.9%	0.03×	15.16×	7.9%
FY2023	27.9%	0.03×	15.19×	12.8%
FY2022	30.6%	0.04×	13.74×	15.5%
FY2021	32.5%	0.04×	12.87×	15.0%
FY2020	13.8%	0.03×	11.06×	5.3%
FY2019	27.6%	0.04×	9.06×	9.6%
FY2018	28.3%	0.04×	9.41×	10.8%
FY2017	23.4%	0.04×	9.69×	9.4%

Parsed from the XBRL in Farmers & Merchants Bancshares's annual and quarterly filings with the SEC
Per-share figures adjusted for the 7-for-4 split on Nov 13, 2019
Fourth quarters derived from the annual report minus nine months
Every figure in the statements links to its source filing

Trailing twelve months. Peers are matched on business description, industry and size. Ticks are peers, the dot is FMFG.

Revenue growth19.1% · median 2.1%

Net margin25.1% · median 10.0%

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