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Merchants Bancorp FMAO · Stock Open Merchants Bancorp in new tab

31.45 USD
P/E
11.42
EPS
2.62
Yield
2.90%
Safety Score
97
P/B
1.08
ROE
9.97
Beta
0.83
Target Price
29.83 USD
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Key Metrics
Earnings dateOct. 26, 2026
P/E11.42
EPS2.62
Book Value27.64
Price to Book1.08
% Insiders3.766%
Growth
Revenue Growth0.17%
Earnings Growth0.37%
Estimates
Forward P/E9.93
Forward EPS3.01
Target Mean Price29.83
Dividend
Dividend Yield2.90%
Annual dividends0.91 USD
Ex-Div. DateJuly 10, 2026
Payout33.99%
5y avg Yield3.27%

DCF Valuation

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Currency: USD
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Decimal (e.g., 0.04 = 4%).
Decimal (e.g., 0.20 = 20%).
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Percent number (e.g., 10 = 10%).
Percent number (e.g., 5 = 5%).
DCF Result

Fair Value (DCF)
Current Price
Upside
WACC
Terminal PV
Σ PV of FCFs
Note: historical bars show reported FCF (for context); forward bars show PV of projected FCF; if no per-year data, totals are shown.

Merchants Bancorp Logo Merchants Bancorp Analysis (FMAO)

United States Financials Official Website Stock

Is Merchants Bancorp a good investment? Merchants Bancorp (FMAO) is currently trading at 31.45 USD. Market analysts have a consensus price target of 29.83 USD. This suggests the asset is currently trading above analyst expectations.

In terms of valuation, the stock trades at a P/E ratio of 11.42. This relatively low multiple may signal that Merchants Bancorp is undervalued compared to historical market norms.

Earnings Schedule: Merchants Bancorp is expected to release its next earnings report on Oct. 26, 2026. The market consensus estimate for Forward EPS is 3.01.

For income investors, Merchants Bancorp pays a dividend yield of 2.90%. With a payout ratio of 34%, the dividend appears sustainable.

Investor FAQ

Does Merchants Bancorp pay a dividend?

Yes, it pays an annual dividend of 0.91 USD (2.90% yield).

What asset class is Merchants Bancorp?

Merchants Bancorp is classified as a Stock. You can compare it against its peer in the "Related Symbols" list.

When is the next earnings date?

The next earnings date is projected to be Oct. 26, 2026. The company currently has a trailing EPS of 2.62.

Company Profile

Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio, Northeast Indiana, and Southeast Michigan. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, bill-pay, on-line statement opportunities, and remote deposit capture or electronic deposit processing. Additionally, the company offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.

Exchange Ticker
NMS (United States) FMAO
Trades
Dividend Yield
2.90%
5y avg 3.27%
Annual Dividends
0.91USD
Next Ex. Div Date
July 10, 2026
Payout Ratio
33.99%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
0.75 USD
July 20, 2027 (estimated) 0.2495
April 20, 2027 (estimated) 0.2491
Jan. 20, 2027 (estimated) 0.2491
2026
0.93 USD
Oct. 20, 2026 (estimated) 0.2438
July 20, 2026 0.2300
April 20, 2026 0.2300
Jan. 20, 2026 0.2300
2025
0.89 USD
Oct. 20, 2025 0.2280
July 20, 2025 0.2210
April 20, 2025 0.2210
Jan. 20, 2025 0.2210
2024
0.88 USD
Oct. 20, 2024 0.2210
July 20, 2024 0.2200
April 20, 2024 0.2200
Jan. 20, 2024 0.2200
2023
0.84 USD
Oct. 20, 2023 0.2100
July 20, 2023 0.2100
April 20, 2023 0.2100
Jan. 20, 2023 0.2100
2022
0.79 USD
Oct. 20, 2022 0.2100
July 20, 2022 0.2030
April 20, 2022 0.1900
Jan. 20, 2022 0.1900
2021
0.69 USD
Oct. 20, 2021 0.1800
July 20, 2021 0.1700
April 20, 2021 0.1700
Jan. 20, 2021 0.1700
2020
0.65 USD
Oct. 20, 2020 0.1700
July 20, 2020 0.1600
April 20, 2020 0.1600
Jan. 20, 2020 0.1600
2019
0.60 USD
Oct. 20, 2019 0.1500
July 20, 2019 0.1500
April 20, 2019 0.1500
Jan. 20, 2019 0.1500
2018
0.54 USD
Oct. 20, 2018 0.1400
July 20, 2018 0.1400
April 20, 2018 0.1300
Jan. 20, 2018 0.1300
2017
0.84 USD
Oct. 20, 2017 0.1300
July 20, 2017 0.2500
April 20, 2017 0.2300
Jan. 20, 2017 0.2300
2016
0.90 USD
Oct. 20, 2016 0.2300
July 20, 2016 0.2300
April 20, 2016 0.2200
Jan. 20, 2016 0.2200
2015
0.86 USD
Oct. 20, 2015 0.2200
July 20, 2015 0.2200
April 20, 2015 0.2100
Jan. 20, 2015 0.2100
2014
0.84 USD
Oct. 20, 2014 0.2100
July 20, 2014 0.2100
April 20, 2014 0.2100
Jan. 20, 2014 0.2100
2013
0.80 USD
Oct. 20, 2013 0.2000
July 20, 2013 0.2000
April 20, 2013 0.2000
Jan. 20, 2013 0.2000
2012
0.77 USD
Oct. 20, 2012 0.2000
July 20, 2012 0.1900
April 20, 2012 0.1900
Jan. 20, 2012 0.1900
2011
0.76 USD
Oct. 20, 2011 0.1900
July 20, 2011 0.1900
April 20, 2011 0.1900
Jan. 20, 2011 0.1900
2010
0.72 USD
Oct. 20, 2010 0.1800
July 20, 2010 0.1800
April 20, 2010 0.1800
Jan. 20, 2010 0.1800
2009
0.72 USD
Oct. 20, 2009 0.1800
July 20, 2009 0.1800
April 20, 2009 0.1800
Jan. 20, 2009 0.1800
2008
0.90 USD
Oct. 20, 2008 0.1800
July 20, 2008 0.1600
April 20, 2008 0.0800
March 18, 2008 0.3200
Jan. 28, 2008 0.1600
2007
0.71 USD
Oct. 20, 2007 0.0800
July 20, 2007 0.1600
July 20, 2007 0.1600
April 20, 2007 0.1600
Jan. 20, 2007 0.1500
2006
1.45 USD
Oct. 20, 2006 0.1500
July 20, 2006 0.1500
April 20, 2006 0.5000
Jan. 20, 2006 0.6500
2005
1.90 USD
Oct. 20, 2005 0.4500
July 20, 2005 0.4500
April 20, 2005 0.4500
Jan. 20, 2005 0.5500
2003
0.50 USD
Jan. 23, 2003 0.5000
2002
1.70 USD
Oct. 20, 2002 0.4000
July 20, 2002 0.4000
April 29, 2002 0.3500
Jan. 20, 2002 0.5500
2001
1.50 USD
Oct. 20, 2001 0.3500
July 25, 2001 0.3500
April 20, 2001 0.3500
Jan. 20, 2001 0.4500
2000
1.05 USD
Oct. 20, 2000 0.3500
Aug. 23, 2000 0.3500
April 20, 2000 0.3500
1999
1.40 USD
Nov. 3, 1999 0.3000
Sept. 16, 1999 0.3000
April 20, 1999 0.3000
March 23, 1999 0.5000
1998
1.40 USD
Oct. 21, 1998 0.3000
July 20, 1998 0.3000
April 20, 1998 0.3000
Jan. 20, 1998 0.5000
1997
0.75 USD
Oct. 21, 1997 0.2500
July 20, 1997 0.2500
April 21, 1997 0.2500
Upcoming Dividends
Name Payment Date Status Amount
Merchants Bancorp Jul 20, 2026 0.23 USD
Merchants Bancorp Apr 20, 2026 0.23 USD
Merchants Bancorp Jan 20, 2026 0.23 USD
Merchants Bancorp Oct 20, 2025 0.228 USD
Stock Splits
Split Date Split Ratio to 1
May 15, 2006 4:1
Sept. 21, 2017 2:1
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