FMAO — Stock Film
STOCK FILMSCENE 1/12FMAO · $35.47
Stock Expert AI presents
FMAO
Farmers & Merchants Bancorp, Inc
~5 min film100% real numbersplain English
WHAT DOES THIS COMPANY DO?
Farmers & Merchants Bancorp, Inc. What it actually does.

Provides checking and savings accounts to individuals and businesses. Offers certificates of deposit (CDs) and individual retirement accounts (IRAs). Now — the numbers.

on the stock market since 2006
477 employees
$488.4M market value
WHERE DOES THE MONEY COME FROM?
78%Financial Service, Other
Financial Service, OtherBank Servicing 22%
78% of all revenue comes from a single line: Financial Service, Other.

That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.

Revenue last year:
$189.1M
The net profit left over:
$33.3M
Out of every $100 of revenue, $18 stays as net profit.
THE SLICE THAT TURNS INTO PROFIT: 18%

This is an established company with proven profits.

THE SALES TREND
Sales are growing, year after year.

Average growth of 20% a year over the last 4 years. Every year shown ended in profit.

$92.2M
2021
2022
2023
2024
$189.1M
2025
Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
8 / 8
EXPECTATIONS MET OR BEATEN
8
Oct 2024
Jul 2026
8 TIMES IN THE LAST 8 QUARTERS
It clears the bar, quarter after quarter.
THE PRICE TAG
MARKET VALUE / ANNUAL PROFIT
14.7×

The market pays 14.7× for every dollar of annual profit — around what a business like this usually costs.

Against companies in its own sector, it looks cheaper than 88% of them.

Analysts' average target sits 1% above today's price.

What executives did with their own stock over the last 12 months:
21 buy76 sell

Executive selling isn’t always bad news; people sell for personal reasons too. Still, the thin buying side is worth noting.

THE FIVE-YEAR JOURNEY
Trading below its recent peak.

The stock trades below its recent peak — about 15% off the top. A pullback, not a collapse.

1
THE BRIGHT SIDE · 1/3
A fat but narrowing margin

The net profit margin is 18% — still a thick cushion, though costs have been eating into it lately.

2
THE BRIGHT SIDE · 2/3
Sales keep climbing

Over the last 4 years, sales grew about 20% a year on average.

3
THE BRIGHT SIDE · 3/3
Delivers on expectations

It met or beat analyst expectations in 8 of the last 8 quarters — consistency is a promise kept.

1
THE RISKS · 1/2
Executives lean toward selling

Over the last 12 months, executives reported 76 sells against just 21 buys. Not an alarm bell by itself, but a number worth watching.

2
THE RISKS · 2/2
Executives aren’t buying

No clear buy-side message is coming from the executive floor.

FINALE · THE GRADE
A
76 / 100 · MoonshotScore

On our five-subject report card, FMAO sits near the top of the class. A high grade doesn’t mean “guaranteed win” — it means “the evidence looks strong for now.”

The takeaway: FMAO is an established business that has proven its profits for years. The real debate here isn’t the price — it’s whether the company can keep up this pace.

What would you like to do next?
Open the stock page →
This was a film — not investment advice.
Data: FMP & company filings
Sep 11, 2026 · stockexpertai.com · Stock Film