FMFG
Farmers and Merchants Bancshares, Inc.
Price Chart
Latest Quote
$17.88
+0.38 (+2.17%)
Current Price
| Previous Close | $17.50 |
| Open | $17.58 |
| Day High | $17.88 |
| Day Low | $17.58 |
| Volume | 1,400 |
Stock Information
| Quarterly Dividend / Yield | $0.72 / 4.03% |
| Shares Outstanding | 3.24M |
| Quarterly Dividend Yield | 4.03% |
| Quarterly Dividend | $0.72 |
| Total Debt | $78.20M |
| Cash Equivalents | $48.83M |
| Revenue | $26.84M |
| Net Income | $6.43M |
| Sector | Financial Services |
| Industry | Banks - Regional |
| Market Cap | $57.85M |
| P/E Ratio | 8.94 |
| EPS (TTM) | $2.00 |
| Exchange | OID |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $87.22M |
| Sales | $26.84M |
| Income | $6.43M |
| Book/sh | $20.43 |
| Cash/sh | $15.09 |
| Employees | 91 |
Financial Ratios
| EPS Growth TTM | 56.70% |
Returns & Margins
| ROA | 0.77% |
| ROE | 10.31% |
| Operating Margin | 36.18% |
| Profit Margin | 23.94% |
Ownership
| Insider Ownership | 20.00% |
| Institutional Ownership | 2.13% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/S | 2.16 |
| P/B | 0.88 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $17.26 |
| SMA50 | $17.27 |
| SMA200 | $16.91 |
| RSI | 66.53 |
| ATR | 0.1993 |
| Shares Float | 2.68M |
| Volatility | -0.23 |
| Rel Volume | 3.24 |
Performance History
| Week | +5.18% |
| Month | +5.65% |
| Quarter | +4.03% |
| 6 Months | +8.67% |
| YTD | +6.02% |
| Year | +13.66% |
| 3 Years | -3.47% |
| 5 Years | -3.74% |
| 10 Years | +59.65% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-18 | $17.88 | 2,400 |
| 2026-06-17 | $17.50 | 600 |
| 2026-06-16 | $17.59 | 100 |
| 2026-06-15 | $17.80 | 300 |
| 2026-06-12 | $17.25 | 2,100 |
| 2026-06-11 | $17.00 | 0 |
| 2026-06-10 | $17.00 | 100 |
| 2026-06-09 | $17.00 | 300 |
| 2026-06-08 | $16.98 | 0 |
| 2026-06-05 | $16.98 | 0 |
| 2026-06-04 | $16.98 | 3,100 |
| 2026-06-03 | $17.50 | 700 |
| 2026-06-02 | $17.43 | 0 |
| 2026-06-01 | $17.07 | 0 |
| 2026-05-29 | $17.07 | 1,300 |
| 2026-05-28 | $17.47 | 1,900 |
| 2026-05-27 | $17.34 | 200 |
| 2026-05-26 | $17.24 | 1,100 |
| 2026-05-22 | $17.24 | 600 |
| 2026-05-21 | $16.93 | 0 |
| 2026-05-20 | $16.93 | 2,400 |
| 2026-05-19 | $16.92 | 2,200 |
About Farmers and Merchants Bancshares, Inc.
Farmers and Merchants Bancshares, Inc. operates as the bank holding company for Farmers and Merchants Bank that provides commercial and retail banking services to individuals and businesses in Maryland. It offers checking, savings, money market, certificates of deposits and individual retirement, and sweep accounts, as well as remote check deposits, and repurchase agreements. The company also provides credit for residential mortgages, including federal housing administration and veterans affairs loans; construction loans; home equity lines; personal installment loans; and other consumer financing, as well as financing commerce and industry by providing credit and deposit services for small to medium size businesses and the agricultural community. In addition, it offers commercial lending, which includes commercial mortgages, land acquisition and development loans, lines of credit, accounts receivable financing, and term loans for fixed asset purchases, as well as loans guaranteed by the Small Business Administration and the United States Department of Agriculture. Further, the company provides automated teller machine, internet, automated telephone services, online and mobile banking products, and other electronic banking services, as well as debit and credit cards. It operates through branches located in Hampstead, Greenmount, Reisterstown, Owings Mills, Eldersburg, and Westminster, Maryland. Farmers and Merchants Bancshares, Inc. was founded in 1919 and is headquartered in Hampstead, Maryland.
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Total Revenue | $21,945,000 | $22,498,000 | $25,943,516 | $24,688,888 |
| Operating Revenue | $21,945,000 | $22,498,000 | $25,943,516 | $24,688,888 |
| Expenses | ||||
| Interest Expense | $17,527,000 | $9,907,000 | $2,146,158 | $2,805,299 |
| Selling And Marketing Expense | $228,000 | $270,000 | $258,032 | $233,358 |
| General And Administrative Expense | $10,789,000 | $10,171,000 | $10,398,861 | $9,712,636 |
| Professional Expense And Contract Services Expense | $865,000 | $642,000 | $894,715 | $415,642 |
| Other Non Interest Expense | $2,036,000 | $1,692,000 | $1,559,579 | $1,690,247 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Net Interest Income | $20,836,000 | $21,416,000 | $24,123,495 | $22,875,104 |
| Interest Income | $38,363,000 | $31,323,000 | $26,269,653 | $25,680,403 |
| Normalized Income | $4,281,880 | $6,418,000 | $8,090,127 | $8,149,606 |
| Net Income From Continuing And Discontinued Operation | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Net Income Common Stockholders | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Net Income | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Net Income Including Noncontrolling Interests | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Net Income Continuous Operations | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Pretax Income | $5,509,000 | $8,435,000 | $10,575,153 | $10,582,419 |
| Special Income Charges | $-5,000 | $0 | - | - |
| Per Share | ||||
| Diluted EPS | $1.37 | $2.08 | $2.66 | $2.70 |
| Basic EPS | $1.37 | $2.08 | $2.66 | $2.70 |
| Other | ||||
| Tax Effect Of Unusual Items | $-1,120 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Total Unusual Items | $-5,000 | $0 | $-21,705 | $-190,248 |
| Total Unusual Items Excluding Goodwill | $-5,000 | $0 | $-21,705 | $-190,248 |
| Reconciled Depreciation | $641,000 | $503,000 | $486,844 | $487,996 |
| Diluted Average Shares | $3,122,411 | $3,086,021 | $3,046,377 | $3,018,112 |
| Basic Average Shares | $3,122,411 | $3,083,021 | $3,046,377 | $3,018,112 |
| Diluted NI Availto Com Stockholders | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Tax Provision | $1,231,000 | $2,017,000 | $2,485,026 | $2,432,813 |
| Other Special Charges | $5,000 | - | - | - |
| Gain On Sale Of Security | $-17,000 | $5,000 | $-62,094 | $-6,164 |
| Selling General And Administration | $11,017,000 | $10,441,000 | $10,656,893 | $9,945,994 |
| Insurance And Claims | $454,000 | $375,000 | $523,081 | $558,061 |
| Salaries And Wages | $10,335,000 | $9,796,000 | $9,875,780 | $9,154,575 |
| Occupancy And Equipment | $2,363,000 | $1,858,000 | $1,782,176 | $1,724,586 |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $49,246,000 | $45,144,000 | $40,732,211 | $49,570,378 |
| Total Assets | $844,643,000 | $799,941,000 | $718,210,672 | $716,677,255 |
| Goodwill And Other Intangible Assets | $7,026,000 | $7,034,000 | $7,042,752 | $7,051,080 |
| Other Intangible Assets | $48,000 | $56,000 | $64,544 | $72,872 |
| Receivables | $2,439,000 | $2,181,000 | $1,815,784 | $1,609,063 |
| Accounts Receivable | $2,439,000 | $2,181,000 | $1,815,784 | $1,609,063 |
| Cash And Cash Equivalents | $64,062,000 | $44,504,000 | $6,514,822 | $25,608,932 |
| Cash Financial | $63,962,000 | $44,404,000 | $6,414,822 | $25,258,932 |
| Cash Cash Equivalents And Federal Funds Sold | $65,680,000 | $45,654,000 | $8,696,037 | $27,487,506 |
| Debt | ||||
| Total Debt | $16,329,000 | $18,212,000 | $35,095,642 | $21,978,905 |
| Long Term Debt And Capital Lease Obligation | $16,329,000 | $18,212,000 | $35,095,642 | $21,978,905 |
| Long Term Debt | $16,329,000 | $18,212,000 | $35,095,642 | $21,978,905 |
| Net Debt | - | - | $28,580,820 | - |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $788,371,000 | $747,763,000 | $670,435,709 | $660,055,797 |
| Payables And Accrued Expenses | $1,003,000 | $1,483,000 | $349,910 | $295,910 |
| Payables | $1,003,000 | $1,483,000 | $349,910 | $295,910 |
| Accounts Payable | $1,003,000 | $1,483,000 | $349,910 | $295,910 |
| Equity | ||||
| Common Stock Equity | $56,272,000 | $52,178,000 | $47,774,963 | $56,621,458 |
| Total Equity Gross Minority Interest | $56,272,000 | $52,178,000 | $47,774,963 | $56,621,458 |
| Stockholders Equity | $56,272,000 | $52,178,000 | $47,774,963 | $56,621,458 |
| Gains Losses Not Affecting Retained Earnings | $-16,509,000 | $-17,684,000 | $-17,105,829 | $-1,394,936 |
| Other Equity Adjustments | $-16,509,000 | $-17,684,000 | $-17,105,829 | $-1,394,936 |
| Retained Earnings | $41,613,000 | $39,433,000 | $35,300,166 | $29,128,600 |
| Other | ||||
| Ordinary Shares Number | $3,166,653 | $3,116,966 | $3,071,214 | $3,037,137 |
| Share Issued | $3,166,653 | $3,116,966 | $3,071,214 | $3,037,137 |
| Tangible Book Value | $49,246,000 | $45,144,000 | $40,732,211 | $49,570,378 |
| Invested Capital | $72,601,000 | $70,390,000 | $82,870,605 | $78,600,363 |
| Total Capitalization | $72,601,000 | $70,390,000 | $82,870,605 | $78,600,363 |
| Additional Paid In Capital | $31,136,000 | $30,398,000 | $29,549,914 | $28,857,422 |
| Capital Stock | $32,000 | $31,000 | $30,712 | $30,372 |
| Common Stock | $32,000 | $31,000 | $30,712 | $30,372 |
| Investments And Advances | $146,730,000 | $184,756,000 | $147,312,591 | $171,633,496 |
| Held To Maturity Securities | $20,242,000 | $19,934,000 | $20,508,997 | $21,851,975 |
| Available For Sale Securities | $6,945,000 | $8,342,000 | $489,145 | $543,605 |
| Goodwill | $6,978,000 | $6,978,000 | $6,978,208 | $6,978,208 |
| Net PPE | $7,349,000 | $6,583,000 | $6,186,594 | $6,259,421 |
| Accumulated Depreciation | $-8,717,000 | $-8,181,000 | $-7,750,383 | $-7,398,332 |
| Gross PPE | $16,066,000 | $14,764,000 | $13,936,977 | $13,657,753 |
| Machinery Furniture Equipment | $6,029,000 | $5,443,000 | $5,162,976 | $4,752,133 |
| Buildings And Improvements | $7,434,000 | $6,718,000 | $6,171,003 | $6,302,622 |
| Land And Improvements | $2,603,000 | $2,603,000 | $2,602,998 | $2,602,998 |
| Other Short Term Investments | $119,543,000 | $156,480,000 | $126,314,449 | $149,237,916 |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $953,000 | $5,041,000 | $6,745,119 | $11,404,328 |
| Operating Activities | ||||
| Operating Cash Flow | $2,292,000 | $5,904,000 | $7,155,962 | $11,704,730 |
| Cash Flow From Continuing Operating Activities | $2,292,000 | $5,904,000 | $7,155,962 | $11,704,730 |
| Operating Gains Losses | $-268,000 | $-55,000 | - | $-53,700 |
| Investing Activities | ||||
| Capital Expenditure | $-1,339,000 | $-863,000 | $-410,843 | $-300,402 |
| Investing Cash Flow | $-22,709,000 | $-42,359,000 | $-35,358,568 | $-58,984,893 |
| Cash Flow From Continuing Investing Activities | $-22,709,000 | $-42,359,000 | $-35,358,568 | $-58,984,893 |
| Net Other Investing Changes | $84,000 | $709,000 | $-2,088,786 | $-3,700,000 |
| Financing Activities | ||||
| Financing Cash Flow | $40,386,000 | $73,882,000 | $9,004,037 | $32,766,599 |
| Cash Flow From Continuing Financing Activities | $40,386,000 | $73,882,000 | $9,004,037 | $32,766,599 |
| Cash Dividends Paid | $-1,377,000 | $-1,236,000 | $-1,225,729 | $-1,156,418 |
| Common Stock Dividend Paid | $-1,377,000 | $-1,236,000 | $-1,225,729 | $-1,156,418 |
| Other | ||||
| Repayment Of Debt | $-34,889,000 | $-16,889,000 | $-1,888,889 | $0 |
| Interest Paid Supplemental Data | $17,998,000 | $8,830,000 | $2,239,129 | $3,154,898 |
| Income Tax Paid Supplemental Data | $724,000 | $2,391,000 | $3,365,318 | $1,605,500 |
| End Cash Position | $64,659,000 | $44,690,000 | $7,263,537 | $26,462,106 |
| Beginning Cash Position | $44,690,000 | $7,264,000 | $26,462,106 | $40,975,670 |
| Changes In Cash | $19,969,000 | $37,427,000 | $-19,198,569 | $-14,513,564 |
| Net Issuance Payments Of Debt | $-34,889,000 | $16,111,000 | $13,111,111 | $0 |
| Net Long Term Debt Issuance | $-34,889,000 | $16,111,000 | $13,111,111 | $0 |
| Long Term Debt Payments | $-34,889,000 | $-16,889,000 | $-1,888,889 | $0 |
| Net Investment Purchase And Sale | $38,467,000 | $-36,400,000 | $1,850,916 | $-96,295,159 |
| Sale Of Investment | $42,309,000 | $13,341,000 | $21,701,231 | $34,223,874 |
| Purchase Of Investment | $-3,842,000 | $-49,741,000 | $-19,850,315 | $-130,519,033 |
| Net PPE Purchase And Sale | $-1,339,000 | $-854,000 | $-410,843 | $1,087,211 |
| Sale Of PPE | $0 | $9,000 | $0 | $1,387,613 |
| Purchase Of PPE | $-1,339,000 | $-863,000 | $-410,843 | $-300,402 |
| Change In Working Capital | $-1,311,000 | $121,000 | $-419,974 | $3,011,557 |
| Change In Other Current Liabilities | $872,000 | $-495,000 | $396,538 | $1,035,504 |
| Change In Other Current Assets | $-1,424,000 | $-545,000 | $-250,776 | $298,917 |
| Change In Payables And Accrued Expense | $-480,000 | $1,133,000 | $54,000 | $-113,712 |
| Change In Payable | $-480,000 | $1,133,000 | $54,000 | $-113,712 |
| Change In Account Payable | $-480,000 | $1,133,000 | $54,000 | $-113,712 |
| Change In Receivables | $-258,000 | $-365,000 | $-206,721 | $448,428 |
| Changes In Account Receivables | $-258,000 | $-365,000 | $-206,721 | $448,428 |
| Other Non Cash Items | $-535,000 | $-611,000 | $-1,062,794 | $-237,651 |
| Stock Based Compensation | $18,000 | $43,000 | $0 | - |
| Unrealized Gain Loss On Investment Securities | $4,000 | $-5,000 | $62,094 | $15,354 |
| Asset Impairment Charge | $50,000 | $0 | $0 | $169,240 |
| Deferred Tax | $257,000 | $392,000 | $-250,672 | $-160,070 |
| Deferred Income Tax | $257,000 | $392,000 | $-250,672 | $-160,070 |
| Depreciation Amortization Depletion | $641,000 | $503,000 | $486,844 | $487,996 |
| Depreciation And Amortization | $641,000 | $503,000 | $486,844 | $487,996 |
| Depreciation | $641,000 | $503,000 | $486,844 | $487,996 |
| Gain Loss On Investment Securities | $-13,000 | $0 | - | - |
| Gain Loss On Sale Of PPE | $5,000 | $-9,000 | $0 | $-44,510 |
| Net Income From Continuing Operations | $4,278,000 | $6,418,000 | $8,090,127 | $8,149,606 |
| Issuance Of Debt | - | $33,000,000 | $15,000,000 | $0 |
| Long Term Debt Issuance | - | $33,000,000 | $15,000,000 | $0 |
| Net Investment Properties Purchase And Sale | - | $235,538 | $0 | - |
| Sale Of Investment Properties | - | $235,538 | $0 | - |
Fetched: 2026-02-02