Farmers & Merchants Bancorp Inc.
- FMAO ยท Nasdaq
- Savings Institution, Federally Chartered
- Archbold, OH
- 474 employees
- CIK 0000792966
Updated from SEC filings through
Top things to know
Executives
- Lars B. Eller President & CEO 4, 2026-06-04
- Barbara J. Britenriker Executive Vice President and Chief Financial Officer 10-Q, 2026-10-27
- Eric D. Faust Chief Risk Officer 4, 2026-03-25
- Andrew S. Baker SVP/Chief Strategy Officer 4, 2026-03-11
- Shalini Singhal SVP/Chief Information Officer 4, 2026-03-03
- David R. Gerken EVP/CLO 4, 2026-08-06
Farmers & Merchants Bancorp Inc is a U.S. public company in savings institution, federally chartered (SIC 6035), headquartered in Archbold, OH. It trades as FMAO on Nasdaq. Revenue was $174M in the fiscal year ending December 31, 2025, +6.1% from the year before. It reported about 474 employees. Lars B. Eller is President & CEO.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $174M 10-K, 2026-02-27 | $164M 10-K, 2026-02-27 | $140M 10-K, 2026-02-27 | $101M 10-K, 2025-02-26 | $76.8M 10-K, 2024-02-27 |
| Operating income | Not on file | Not on file | Not on file | Not on file | Not on file |
| SG&A | $5.9M 10-K, 2026-02-27 | $5.4M 10-K, 2026-02-27 | $6.4M 10-K, 2026-02-27 | $5.9M 10-K, 2025-02-26 | $8.2M 10-K, 2024-02-27 |
| Net income | $33.3M 10-K, 2026-02-27 | $25.9M 10-K, 2026-02-27 | $22.8M 10-K, 2026-02-27 | $32.5M 10-K, 2025-02-26 | $23.5M 10-K, 2024-02-27 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Lars B. Eller | President & CEO | 4, 2026-06-04 |
| Barbara J. Britenriker EVP/CFO Farmers & Merchants Bancorp Inc and The Farmers & Merchants State Bank, Archbold, Ohio | Executive Vice President and Chief Financial Officer | 10-Q, 2026-10-27 |
| Eric D. Faust | Chief Risk Officer | 4, 2026-03-25 |
| Andrew S. Baker Results-Driven and Passionate Financial Services Executive | SVP/Chief Strategy Officer | 4, 2026-03-11 |
| Shalini Singhal SVP/Chief Information Officer at Farmers & Merchants State Bank - Archbold, OH | SVP/Chief Information Officer | 4, 2026-03-03 |
| David R. Gerken Executive Vice President | EVP/CLO | 4, 2026-08-06 |
| Marcia S. Latta | Board member (per proxy) bio: Vice-Chair | DEF 14A, 2026-03-24 |
| Gregory R. Allen | Director | 8-K, 2026-07-07 |
| Marcia Sloan Latta | Vice Chairman of the Board | 4, 2026-06-04 |
What Farmers & Merchants Bancorp Inc does
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.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 13.8 million (as of October 23, 2026) | 10-Q, October 27, 2026 |
|---|---|---|
| Public float | $321M (as of June 30, 2025) | 10-K, February 27, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, October 27, 2026 |
| Latest proxy statement | Meeting April 20, 2026 (filed March 24, 2026) | DEF 14A, March 24, 2026 |
| Auditor | Plante & Moran, PLLC (Columbus, Ohio) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 18, 2026 | Andrew J. Briggs Director | Sale | 5,402 | $190K | Form 4, August 18, 2026 |
| August 14, 2026 | Andrew J. Briggs Director | Sale | 6,000 | $212K | Form 4, August 14, 2026 |
| August 12, 2026 | Andrew J. Briggs Director | Sale | 9,000 | $312K | Form 4, August 12, 2026 |
| August 7, 2026 | Andrew J. Briggs Director | Sale | 6,000 | $205K | Form 4, August 7, 2026 |
| August 6, 2026 | David R. Gerken EVP/CLO | Sale | 1,000 | $34K | Form 4, August 6, 2026 |
| August 5, 2026 | Andrew J. Briggs Director | Sale | 9,000 | $306K | Form 4, August 5, 2026 |
| August 3, 2026 | Gregory R. Allen Director | Buy | 300 | $10K | Form 4, August 3, 2026 |
| July 31, 2026 | Andrew J. Briggs Director | Sale | 9,000 | $307K | Form 4, July 31, 2026 |
Recent 8-K events
- 8-K filed 2026-10-22
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-27
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-07
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-22
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-04-21
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-02-12
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-01-27
- Item 8.01 Other events
- 8-K filed 2025-10-27
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-08-07
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-07-28
- Item 2.02 Results of operations and financial condition (earnings release)
Frequently asked questions about Farmers & Merchants Bancorp Inc
- What does Farmers & Merchants Bancorp Inc do?
- In its own words, from Item 1 of its 10-K: "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."
- What is Farmers & Merchants Bancorp Inc's revenue?
- $174M for the fiscal year ending December 31, 2025, from its 10-K filed February 27, 2026.
- Is Farmers & Merchants Bancorp Inc profitable?
- Farmers & Merchants Bancorp Inc reported net income of $33.3M for the fiscal year ending December 31, 2025.
- How many employees does Farmers & Merchants Bancorp Inc have?
- About 474 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Farmers & Merchants Bancorp Inc?
- Lars B. Eller, President & CEO, as named in a 4 filed June 4, 2026.
- Who is the CFO of Farmers & Merchants Bancorp Inc?
- Barbara J. Britenriker, Executive Vice President and Chief Financial Officer, as named in a 10-Q filed October 27, 2026.
- Where is Farmers & Merchants Bancorp Inc headquartered?
- Archbold, OH.
- What is Farmers & Merchants Bancorp Inc's stock ticker?
- FMAO on Nasdaq.
- What industry is Farmers & Merchants Bancorp Inc in?
- Savings Institution, Federally Chartered, SIC code 6035.
- What is Farmers & Merchants Bancorp Inc's website?
- fm.bank.
- When does Farmers & Merchants Bancorp Inc report earnings next?
- January 26, 2027. Source: estimate_8k_pattern.
- Is Farmers & Merchants Bancorp Inc a public company?
- Yes. Farmers & Merchants Bancorp Inc files with the SEC under CIK 0000792966 and trades as FMAO.
- Who audits Farmers & Merchants Bancorp Inc?
- Plante & Moran, PLLC, Columbus, Ohio, as named in its latest annual report (10-K).
- How many shares of Farmers & Merchants Bancorp Inc are outstanding?
- 13.8 million shares as of October 23, 2026, from its 10-Q filed October 27, 2026.
- What is Farmers & Merchants Bancorp Inc's public float?
- $321M as of June 30, 2025, as reported on the cover of its 10-K filed February 27, 2026.
- How many business segments does Farmers & Merchants Bancorp Inc report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed October 27, 2026.
- When is Farmers & Merchants Bancorp Inc's annual shareholder meeting?
- April 20, 2026, per its proxy statement (DEF 14A) filed March 24, 2026.
- Have Farmers & Merchants Bancorp Inc insiders traded stock recently?
- Since October 30, 2025, officers and directors reported 34 open-market sales worth about $6.3M and 4 purchases worth about $78K on Forms 4 and 5. The most recent: Andrew J. Briggs (Director) sold 5,402 shares on August 18, 2026.