# Farmers & Merchants Bancorp Inc (FMAO)

> Cited company facts from SEC filings, by Steadybase. Web page: https://steadybase.io/company/farmers-and-merchants-bancorp-inc/ JSON: https://steadybase.io/company/farmers-and-merchants-bancorp-inc.json Checked Nov 10, 2026. Latest filing read: Oct 27, 2026.

## Company

- Legal name: FARMERS & MERCHANTS BANCORP INC
- Ticker: FMAO (Nasdaq)
- SEC CIK: 0000792966
- Industry: Savings Institution, Federally Chartered (SIC 6035)
- Headquarters: Archbold, OH
- Fiscal year ends: December 31
- SEC filer category: Accelerated filer
- Website: fm.bank
- LinkedIn: https://www.linkedin.com/company/fmbank1
- Next earnings date: Jan 26, 2027 (estimated from past 8-K timing)

## Key facts

- Revenue: $173.5M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026). Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/0001193125-26-081475-index.html
- Net income: $33.3M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026). Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/0001193125-26-081475-index.html
- SG&A: $5.9M for the fiscal year ended Dec 31, 2025 (10-K filed Feb 27, 2026). Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/0001193125-26-081475-index.html
- Employees: 474 as of Dec 31, 2025, as reported in an SEC filing. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/fmao-20251231.htm
- Shares outstanding: 13,760,896 as of Oct 23, 2026 (10-Q filed Oct 27, 2026). Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526433664/0001193125-26-433664-index.html
- Auditor: Plante & Moran, Pllc, Columbus, Ohio, named in the latest 10-K. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/fmao-20251231.htm

## Business

Farmers & Merchants Bancorp, Inc. (Company) is a bank holding company incorporated under the laws of Ohio in 1985 and elected to become a financial holding company under the Federal Reserve in 2014. Our primary subsidiary, The Farmers & Merchants State Bank (Bank) is a local independent community bank that has been primarily serving Northwest Ohio, Northeast Indiana and Southeast Michigan since 1897. Our other subsidiary, Farmers & Merchants Risk Management (Captive) was a captive insurance company formed in December 2014, located in Nevada and dissolved in December 2023.

Source: Item 1. Business, https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/fmao-20251231.htm

## Annual results

| Fiscal year ended | Revenue | Net income | SG&A |
|---|---|---|---|
| Dec 31, 2025 | $173.5M | $33.3M | $5.9M |
| Dec 31, 2024 | $163.6M | $25.9M | $5.4M |
| Dec 31, 2023 | $139.8M | $22.8M | $6.4M |
| Dec 31, 2022 | $101.1M | $32.5M | $5.9M |
| Dec 31, 2021 | $76.8M | $23.5M | $8.2M |

Each figure comes from the annual report for that year. Filing links for every figure: https://steadybase.io/company/farmers-and-merchants-bancorp-inc.json

## Officers and directors

- Lars B. Eller, President & CEO. LinkedIn: https://www.linkedin.com/in/larseller. Source: Form 4 filed Jun 4, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526257534/0001193125-26-257534-index.htm
- Barbara J. Britenriker, Executive Vice President and Chief Financial Officer. LinkedIn: https://linkedin.com/in/barbara-britenriker-0a62a713. Source: 10-Q filed Oct 27, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526433664/fmao-ex31_2.htm
- David R. Gerken, EVP/CLO. LinkedIn: https://linkedin.com/in/david-gerken-97a05747. Source: Form 4 filed Aug 6, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526338293/0001193125-26-338293-index.htm
- Eric D. Faust, Chief Risk Officer. Source: Form 4 filed Mar 25, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526124533/0001193125-26-124533-index.htm
- Andrew S. Baker, SVP/Chief Strategy Officer. LinkedIn: https://linkedin.com/in/andrewbaker555. Source: Form 4 filed Mar 11, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526102470/0001193125-26-102470-index.htm
- Shalini Singhal, SVP/Chief Information Officer. LinkedIn: https://linkedin.com/in/shalini-singhal-5768551. Source: Form 4 filed Mar 3, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526088807/0001193125-26-088807-index.htm
- Marcia Sloan Latta, Vice Chairman of the Board. Source: Form 4 filed Jun 4, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526257732/0001193125-26-257732-index.htm
- Gregory R. Allen, Director. Source: 8-K filed Jul 7, 2026, https://www.sec.gov/Archives/edgar/data/792966/000119312526297378/fmao-20260630.htm
- Marcia S. Latta, Board member (per proxy). Source: DEF 14A filed Mar 24, 2026, https://www.sec.gov/Archives/edgar/data/792966/000114036126010915/edge20061107x1_def14a.htm

## Recent 8-K events

- Oct 22, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526429065/fmao-20261022.htm
- Jul 27, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526318198/fmao-20260727.htm
- Jul 7, 2026: Item 5.02, Departure or appointment of directors or officers; compensation. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526297378/fmao-20260630.htm
- Apr 22, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526170660/fmao-20260422.htm
- Apr 21, 2026: Item 5.07, Submission of matters to a vote of security holders. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526167045/fmao-20260420.htm
- Feb 12, 2026: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526048918/fmao-20260212.htm
- Jan 27, 2026: Item 8.01, Other events. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526024773/fmao-20260127.htm
- Oct 27, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312525250828/fmao-20251027.htm
- Aug 7, 2025: Item 7.01, Regulation FD disclosure; Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312525175075/fmao-20250807.htm
- Jul 28, 2025: Item 2.02, Results of operations and financial condition (earnings release); Item 9.01, Financial statements and exhibits. Source: https://www.sec.gov/Archives/edgar/data/792966/000095017025099234/fmao-20250728.htm

## Insider trades (Form 4)

- Aug 18, 2026: Andrew J. Briggs (Director) sold 5,402 shares, about $189,520. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526355800/0001193125-26-355800-index.htm
- Aug 14, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $211,710. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526351514/0001193125-26-351514-index.htm
- Aug 12, 2026: Andrew J. Briggs (Director) sold 9,000 shares, about $311,820. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526347238/0001193125-26-347238-index.htm
- Aug 7, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $204,960. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526340562/0001193125-26-340562-index.htm
- Aug 6, 2026: David R. Gerken (EVP/CLO) sold 1,000 shares, about $33,720. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526338293/0001193125-26-338293-index.htm
- Aug 5, 2026: Andrew J. Briggs (Director) sold 9,000 shares, about $306,360. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526335459/0001193125-26-335459-index.htm
- Aug 3, 2026: Gregory R. Allen (Director) bought 300 shares, about $10,341. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526330836/0001193125-26-330836-index.htm
- Jul 31, 2026: Andrew J. Briggs (Director) sold 9,000 shares, about $307,230. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526328765/0001193125-26-328765-index.htm
- Jul 28, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $187,710. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526322253/0001193125-26-322253-index.htm
- Jul 24, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $181,170. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526316406/0001193125-26-316406-index.htm
- Jul 22, 2026: Andrew J. Briggs (Director) sold 9,000 shares, about $276,180. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526312607/0001193125-26-312607-index.htm
- Jul 17, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $183,360. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526307948/0001193125-26-307948-index.htm
- Jul 15, 2026: Andrew J. Briggs (Director) sold 9,000 shares, about $269,040. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526304937/0001193125-26-304937-index.htm
- Jul 10, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $176,820. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526300900/0001193125-26-300900-index.htm
- Jul 8, 2026: Andrew J. Briggs (Director) sold 6,000 shares, about $182,610. Source: https://www.sec.gov/Archives/edgar/data/792966/000119312526298355/0001193125-26-298355-index.htm

## Latest filings

- 8-K filed Oct 22, 2026: https://www.sec.gov/Archives/edgar/data/792966/000119312526429065/fmao-20261022.htm
- 10-K filed Feb 27, 2026: https://www.sec.gov/Archives/edgar/data/792966/000119312526081475/fmao-20251231.htm
- 10-Q filed Oct 27, 2026: https://www.sec.gov/Archives/edgar/data/792966/000119312526433664/fmao-20260930.htm
- DEF 14A filed Mar 24, 2026: https://www.sec.gov/Archives/edgar/data/792966/000114036126010915/edge20061107x1_def14a.htm

## About this data

SEC EDGAR filings, read by Steadybase. Every value links to the filing it came from.
Steadybase covers US-headquartered public companies that file with the SEC. API and MCP access: https://steadybase.io/docs/