Farmers and Merchants Bancshares, Inc.

Farmers and Merchants Bancshares, Inc.

FMFG
Farmers and Merchants Bancshares, Inc.US flagOther OTC
17.43
USD
- -
- -
56.40MMarket Cap
2002 Y
2003 Y
2004 Y
2005 Y
2006 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.41
2.38
2.58
2.96
3.28
8.18
8.52
7.3
7.03
8.07
8.4
Basic EPS, GAAP
0.37
0.51
0.47
0.64
0.75
2.7
2.66
2.08
1.37
1.81
2.01
Free Cash Flow per Basic Share
0.86
0.95
0.74
- -
- -
3.78
2.21
1.64
0.31
1.78
2.22
Dividend per Share
0.05
0.06
0.13
- -
- -
0.38
0.4
0.4
0.44
0.42
0.41
Book Value per Share
3.21
3.48
3.66
3.99
4.42
9.66
11.6
12.8
13.34
14.2
14.7
Tangible Book Value per Share
5.8
6.12
6.36
6.76
7.37
16.42
13.37
14.64
15.77
18.09
18.45
Basic Weighted Avg Shares
2
3
3
3
3
3
3
3
3
3
3
Sales/Revenue/Turnover
6
6
7
8
8
25
26
22
22
26
27
Operating Margin (%)
22.57
30.56
25.86
32.16
34.42
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
1
1
- -
- -
- -
- -
1
1
1
1
Net Income, GAAP
1
1
1
2
2
8
8
6
4
6
6
Effective Tax Rate (%)
31.33
30.03
29.24
32.65
33.6
22.99
23.5
23.91
22.35
21.8
23.07
Profit Margin (%)
15.5
21.39
18.29
21.68
22.85
33.01
31.18
28.53
19.49
22.43
23.89
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2
- -
- -
- -
- -
22
35
18
16
75
75
Total Equity
14
15
16
17
19
57
48
52
56
65
66
Return on Invested Capital (%)
- -
8.07
7.59
9.79
10.61
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
15.34
13.27
16.82
17.84
40.33
25.09
17.16
10.55
13.27
14.02

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
62
75
75
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3
3
3
Market Capitalization
54
55
55

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
166
158
154
Accounts Receivable, Net
3
3
2
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
1
1
1
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
43.62%
14.91%
Free Cash Flow
- -
169.69%
486.78%
Net Income, GAAP
- -
61.39%
34.78%
Sales/Revenue/Turnover
- -
40.41%
17.14%
Total Cash Common Dividend
- -
53.46%
-3.49%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6
5
5
6
22
2025
6
6
7
7
26
2026
7
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.39
0.35
0.36
0.27
1.37
2025
0.37
0.38
0.53
0.53
1.81
2026
0.56
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.2
- -
0.24
0.44
2025
- -
- -
0.21
0.21
0.42
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Gary A. Harris
Full Time Employees
94
Sector
Financial Services
Industry
Banks - Regional
Address
4510 Lower Beckleysville Road Hampstead MD United States of America 21074
IPO Date
May 12, 2004
Business
Farmers and Merchants Bancshares, Inc. (OTC Pink: FMFG) serves as the bank holding company for Farmers and Merchants Bank, a community-focused institution providing commercial and retail banking services to individuals, small- to medium-sized businesses, and the agricultural community primarily in Maryland. The Bank offers deposit products including checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, sweep accounts, remote check deposits, and repurchase agreements; lending solutions encompassing residential mortgages (including Federal Housing Administration and Veterans Affairs loans), construction loans, home equity lines of credit, personal installment loans, consumer financing, commercial mortgages, land acquisition and development loans, lines of credit, accounts receivable financing, term loans for fixed assets, and loans guaranteed by the Small Business Administration and United States Department of Agriculture; and electronic banking services such as automated teller machines, internet banking, mobile banking, automated telephone services, debit cards, and credit cards. Founded in 1919 and headquartered in Hampstead, Maryland, the company operates through its main office in Upperco and full-service branches in Hampstead, Greenmount, Reisterstown, Owings Mills, Eldersburg, Westminster, and a satellite branch at Carroll Lutheran Village in Westminster. In recent developments, Farmers and Merchants Bancshares completed the acquisition of Carroll Bancorp, Inc. and its subsidiary Carroll Community Bank in October 2020, expanding its branch network in the Carroll County region and integrating operations with a systems conversion by year-end, which enhanced its market presence and service capabilities. The company continues to demonstrate financial stability through consistent quarterly earnings growth, dividend increases—including a cash dividend declaration of $0.34 per share in June 2025—and ongoing investments in community banking infrastructure.

Company News

APIChat
  • FARMERS AND MERCHANTS BANCSHARES, INC. INCREASES ITS CASH DIVIDEND BY 5.9% TO $0.36 PER SHARE

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $1.8 Million, or $0.56 per Share, for the Three Months Ended March 31, 2026

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $4.1 Million or $1.28 per Share for the Nine Months Ended September 30, 2025

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $2.4 Million or $0.74 per Share for the Six Months Ended June 30, 2025

  • FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $0.34 PER SHARE

  • FARMERS AND MERCHANTS BANCSHARES, INC. PROVIDES UPDATE ON ITS DIVIDEND REINVESTMENT PLAN AND SEMI-ANNUAL DIVIDEND

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $4,277,703 or $1.37 Per Share for the Year Ended December 31, 2024

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $3,421,623 or $1.09 per Share for the Nine Months Ended September 30, 2024

  • Farmers and Merchants Bancshares, Inc. Announces Adoption of Limited Duration Stockholder Rights Plan

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $2,298,496 or $0.74 per Share for the Six Months Ended June 30, 2024

  • FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $1,219,987 or $0.39 per Share for the Three Months Ended March 31, 2024

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $6,418,337 or $2.08 Per Share for the Year Ended December 31, 2023

  • FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $5,003,107 or $1.63 Per Share for the Nine Months Ended September 30, 2023

  • ROBERT (BOB) POLLOKOFF ACCEPTS POSITION ON FARMERS AND MERCHANTS BANCSHARES, INC. BOARD OF DIRECTORS

  • EMILY BOLLINGER MILLER ACCEPTS POSITION ON FARMERS AND MERCHANTS BANCSHARES, INC. BOARD OF DIRECTORS

  • Farmers and Merchants Bancshares, Inc. Reports Earnings of $3,570,968 or $1.16 per Share for the Six Months Ended June 30, 2023

  • Farmers and Merchants Bancshares, Inc. Reports Record Earnings of $4,061,794 or $1.35 Per Share for the Six Months Ended June 30, 2021

  • FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.28 PER SHARE