Farmers & Merchants Bancorp, Inc.

NasdaqCM:FMAO Stock Report

Market Cap: US$320.3m

Farmers & Merchants Bancorp Management

Management criteria checks 2/4

Farmers & Merchants Bancorp's CEO is Lars Eller, appointed in Feb 2019, has a tenure of 6.08 years. total yearly compensation is $910.16K, comprised of 53.8% salary and 46.2% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $727.34K. The average tenure of the management team and the board of directors is 2 years and 6.2 years respectively.

Key information

Lars Eller

Chief executive officer

US$910.2k

Total compensation

CEO salary percentage53.8%
CEO tenure6.1yrs
CEO ownership0.2%
Management average tenure2yrs
Board average tenure6.2yrs

Recent management updates

Recent updates

Farmers & Merchants Bancorp GAAP EPS of $0.68 misses by $0.03, revenue of $26.32M beats by $3.37M

Oct 19

Farmers & Merchants Bancorp: Growing Bank To Consider

Sep 23

Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Announced That It Will Be Increasing Its Dividend To $0.21

Sep 20
Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Announced That It Will Be Increasing Its Dividend To $0.21

Farmers & Merchants Bancorp raises dividend by 10.5% to $0.21

Sep 16

Farmers & Merchants Bancorp GAAP EPS of $0.63 beats by $0.01, revenue of $25.18M beats by $3.01M

Jul 21

Should You Be Adding Farmers & Merchants Bancorp (NASDAQ:FMAO) To Your Watchlist Today?

Jun 09
Should You Be Adding Farmers & Merchants Bancorp (NASDAQ:FMAO) To Your Watchlist Today?

Farmers & Merchants Bancorp Continues To Reap The Fruits Of Its Prudence

Apr 29

Farmers & Merchants Bancorp Has Almost No Overdue Loans

Mar 03

Farmers & Merchants Bancorp's (NASDAQ:FMAO) Dividend Will Be Increased To US$0.19

Dec 23
Farmers & Merchants Bancorp's (NASDAQ:FMAO) Dividend Will Be Increased To US$0.19

Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Affirmed Its Dividend Of US$0.18

Sep 20
Farmers & Merchants Bancorp (NASDAQ:FMAO) Has Affirmed Its Dividend Of US$0.18

Upgrade: Analysts Just Made A Notable Increase To Their Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Forecasts

Jul 23
Upgrade: Analysts Just Made A Notable Increase To Their Farmers & Merchants Bancorp, Inc. (NASDAQ:FMAO) Forecasts

CEO Compensation Analysis

How has Lars Eller's remuneration changed compared to Farmers & Merchants Bancorp's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2024US$910kUS$490k

US$25m

Sep 30 2024n/an/a

US$23m

Jun 30 2024n/an/a

US$21m

Mar 31 2024n/an/a

US$21m

Dec 31 2023US$702kUS$475k

US$23m

Sep 30 2023n/an/a

US$24m

Jun 30 2023n/an/a

US$28m

Mar 31 2023n/an/a

US$31m

Dec 31 2022US$782kUS$401k

US$32m

Sep 30 2022n/an/a

US$33m

Jun 30 2022n/an/a

US$30m

Mar 31 2022n/an/a

US$26m

Dec 31 2021US$718kUS$383k

US$23m

Sep 30 2021n/an/a

US$22m

Jun 30 2021n/an/a

US$21m

Mar 31 2021n/an/a

US$21m

Dec 31 2020US$663kUS$384k

US$20m

Sep 30 2020n/an/a

US$18m

Jun 30 2020n/an/a

US$18m

Mar 31 2020n/an/a

US$19m

Dec 31 2019US$565kUS$350k

US$18m

Sep 30 2019n/an/a

US$17m

Jun 30 2019n/an/a

US$16m

Mar 31 2019n/an/a

US$14m

Dec 31 2018US$426kUS$88k

US$15m

Compensation vs Market: Lars's total compensation ($USD910.16K) is below average for companies of similar size in the US market ($USD2.35M).

Compensation vs Earnings: Lars's compensation has increased by more than 20% in the past year.


CEO

Lars Eller (57 yo)

6.1yrs

Tenure

US$910,158

Compensation

Mr. Lars B. Eller is President and Chief Executive Officer at Farmers & Merchants Bancorp, Inc. since February 01, 2019. Mr. Eller is President and Chief Executive Officer at Farmers & Merchants State Bank...


Leadership Team

NamePositionTenureCompensationOwnership
Lars Eller
President6.1yrsUS$910.16k0.23%
$ 727.3k
Barbara Britenriker
Executive VP & CFO1.4yrsUS$481.78k0.25%
$ 785.4k
Shalini Singhal
Senior VP & Chief Information Officer4.8yrsUS$330.45k0.053%
$ 171.1k
Eric Faust
Senior VP & Chief Risk Officer2.5yrsUS$363.80k0.035%
$ 112.0k
David Gerken
Executive VP & Chief Lending Officer1.2yrsUS$399.99k0.051%
$ 162.1k
Katrina DeGroff
Senior VP & Chief Accounting Officerno datano datano data
Tim Carsey
Senior VP & Chief Administrative Officer1yrno datano data
Marilyn Johnson
VP and Compliance & CRA Managerno datano datano data
Amy Cover
Senior VP & Chief Marketing Officer5.2yrsno datano data
Carly Buchanan
Senior Vice President & Chief People Officerless than a yearno datano data
Phillip Lucas
Senior VP & Regional Presidentno datano datano data
Michael Schnitkey
Senior VP & Agri Finance Managerno datano datano data

2.0yrs

Average Tenure

52yo

Average Age

Experienced Management: FMAO's management team is not considered experienced ( 2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lars Eller
President6.5yrsUS$910.16k0.23%
$ 727.3k
Kevin Sauder
Independent Vice Chairman of the Board21.2yrsUS$70.01k0.049%
$ 157.4k
Steven Planson
Independent Director17.2yrsUS$65.01k0.21%
$ 673.1k
Marcia Latta
Independent Director16.2yrsUS$70.01k0.054%
$ 173.2k
Jo Hornish
Independent Director11.7yrsUS$65.01k0.33%
$ 1.0m
Andrew Briggs
Chairman6.2yrsUS$78.31k5.26%
$ 16.8m
Lori Johnston
Independent Director4.3yrsUS$70.01k0.0040%
$ 12.7k
David Vernon
Independent Director3.4yrsUS$65.01k0.34%
$ 1.1m
Ian Da Boyce
Independent Director1.2yrsUS$65.01k0.0071%
$ 22.8k
Frank Simon
Independent Director3.8yrsUS$65.01k0.014%
$ 43.9k
Kevin Frey
Directorless than a yearUS$10.06k0.59%
$ 1.9m

6.2yrs

Average Tenure

62yo

Average Age

Experienced Board: FMAO's board of directors are considered experienced (6.2 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/03/17 22:02
End of Day Share Price 2025/03/17 00:00
Earnings2024/12/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Farmers & Merchants Bancorp, Inc. is covered by 4 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brendan NosalHovde Group, LLC
Daniel CardenasJanney Montgomery Scott LLC
Justin CrowleyPiper Sandler Companies