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Farmers And Merchants Bancshares(OTC) FMFG

Current Price$18.50
Market Cap$59.86MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2003)+298%
5 Year+4%
1 Year+17%
1 Month+3%
Farmers And Merchants Bancshares last closing stock price
MetricPriceDate
Last closeUSD 18.502026-07-21
Farmers And Merchants Bancshares stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.6%USD 18.802026-07-14
1 month+3.47%USD 17.882026-06-18
3 month+7.7%USD 17.182026-04-21
Year to date+9.7%USD 16.862025-12-29
1 year+16.85%USD 15.832025-07-21
3 year-5.73%USD 19.622023-07-21
5 year+3.68%USD 17.842021-07-20
Since inception+297.92%USD 4.652003-07-17

Farmers And Merchants Bancshares Financials at a Glance

Market Cap

$59.86MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$45.46M

Net Income (TTM)

$6.43M

EPS (TTM)

$2.00

P/E Ratio

9.25

Dividend

$0.70

Beta (Volatility)

0.12 (Low)

Price

$18.50

Volume

4,660

Open

$18.50

Previous Close

$18.50

Daily Range

$18.41 - $18.50

52-Week Range

$15.75 - $21.00

Estimated Earnings Date

Apr 29, 2025

FMFG News

No articles available.

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About Farmers And Merchants Bancshares

Farmers and Merchants helps people and businesses manage money and get loans. Its checking accounts and business loans support daily needs and growth. Local families and small companies use these services for saving, spending, and expanding operations.

Banking, But Make It Local: Products and Services

  • Deposit Accounts: Checking, savings, and money market accounts for individuals and businesses (percentage of revenue not disclosed).
  • Lending Services: Residential mortgages, construction loans, and business loans for local borrowers (percentage of revenue not disclosed).
  • Commercial Banking: Credit lines, commercial mortgages, and loans for small and medium businesses (percentage of revenue not disclosed).
  • Digital and Card Services: Online banking, mobile apps, ATMs, debit, and credit cards for easy access.
  • Merchant and Treasury Services: Payment processing and cash management for business clients.

Branching Out: Growth and Expansion Moves

  • Expanded commercial real estate and construction lending in 2025 to grow loan portfolio.
  • Issued $12.5 million in subordinated notes in 2025 to refinance debt and support capital.
  • Partnered with Allpoint for surcharge-free access to 55,000+ ATMs.
  • Shifted insurance subsidiary focus to claim management after November 2022, ending new policy issuance.

Why Farmers and Merchants Stands Out

The company focuses on Maryland communities, using local knowledge to serve individuals and businesses. Its conservative lending and risk management help maintain stability. Strategic partnerships expand digital and ATM services for customers.

Five Things You Need to Know

  • Total revenue was $12 million in Q4 2025, up 13.1% year-over-year.
  • Loan portfolio grew 8.6% in 2025, led by commercial real estate lending.
  • Total deposits fell 5.1% in 2025, mainly from brokered CD outflows.
  • Net income reached $5.8 million in 2025, up 34.6% from 2024.
  • Capital ratios stayed above regulatory "well capitalized" thresholds at year-end 2025.

Bottom Line

Farmers and Merchants has grown by focusing on local banking and expanding digital services. Its steady approach and community ties shape its business model and financial results.

AI Generated • Apr 16, 2026

Industry

Banks

Sector

Financials

Employees

95

CEO

Gary A. Harris

Website

www.fmb1919.com

Headquarters

Hampstead, MD 21074, US

FMFG Financials

Key Financial Metrics (TTM)

Gross Margin

59.04%

Operating Margin

18.38%

Net Income Margin

14.14%

Return on Equity

10.11%

Return on Capital

5.13%

Return on Assets

0.74%

Earnings Yield

10.81%

Dividend Yield

3.78%

Payout Ratio

20.68%

Stock Overview

Market Cap

$59.86MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

3.24M

Volume

4.66K

Avg. Volume

867.242

Financials (TTM)

Gross Profit

$26.84M

Operating Income

$8.35M

EBITDA

$9.09M

Operating Cash Flow

$7.18M

Capital Expenditure

-$308.00K

Free Cash Flow

$6.87M

Cash & ST Invst.

$160.62M

Total Debt

$78.20M

Farmers And Merchants Bancshares Performance Analysis

Farmers And Merchants Bancshares annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 28,625,6852.7%
20232023-12-31USD 32,909,19315.0%
20242024-12-31USD 40,048,00021.7%
20252025-12-31USD 44,044,00010.0%
Farmers And Merchants Bancshares sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-303.4%
Q32025-09-308.1%
Q42025-12-314.0%
Q12026-03-31-3.1%
Farmers And Merchants Bancshares annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 2.66-1.6%
20232023-12-31USD 2.08-21.7%
20242024-12-31USD 1.37-34.3%
20252025-12-31USD 1.8132.4%
Farmers And Merchants Bancshares sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-302.7%
Q32025-09-3042.1%
Q42025-12-31-1.9%
Q12026-03-319.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$11.54M

+12.7%

Gross Profit

$7.16M

+23.2%

Gross Margin

62.05%

N/A

Market Cap

$59.86MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$630.11K

N/A

Employees

95

N/A

Net Income

$1.83M

+56.7%

EBITDA

$2.64M

+58.4%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$160.62M

+10.3%

Total Debt

$78.20M

+378.6%

Accounts Receivable

$2.47M

+3.8%

Inventory

$0.00

N/A

Long Term Debt

$74.75M

+588.4%

Short Term Debt

$3.45M

-37.0%

Return on Assets

0.74%

N/A

Return on Invested Capital

0.97%

N/A

Free Cash Flow

$1.56M

+223.1%

Operating Cash Flow

$1.61M

+172.5%

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Questions About FMFG

What is the current price of Farmers And Merchants Bancshares?

Farmers And Merchants Bancshares is trading at $18.50 per share.

What is the 52-week range for Farmers And Merchants Bancshares?

Over the past 52 weeks, Farmers And Merchants Bancshares has traded between $15.75 and $21.00.

How much debt does Farmers And Merchants Bancshares have?

As of the most recent reporting period, Farmers And Merchants Bancshares reported total debt of $78.20M.

How much cash does Farmers And Merchants Bancshares have on hand?

Farmers And Merchants Bancshares does not have cash on hand data available.

What is Farmers And Merchants Bancshares’s dividend yield?

Farmers And Merchants Bancshares currently has a dividend yield of 3.78%.

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