FMBN Stock Overview

Operates as a holding company for Farmers & Merchants Bank & Trust that provides various financial services in Des Moines and Louisa Counties, Iowa. More details

FMBN fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	2/6

Rewards

Trading at 0.8% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($6M)

Makes less than USD$1m in revenue ($8K)

Latest financial reports are more than 6 months old

My Notes

Capture your thoughts, links and company narrative

Farmers & Merchants Bancshares, Inc. (Burlington, IA) Competitors

Monroe Federal Bancorp

OTCPK:MFBI

US$6.8m

Patriot National Bancorp

NasdaqGM:PNBK

US$8.4m

CCSB Financial

OTCPK:CCFC

US$7.6m

EWSB Bancorp

OTCPK:EWSB

US$8.1m

Price History & Performance

Summary of share price highs, lows and changes for Farmers & Merchants Bancshares (Burlington IA)
Historical stock prices
Current Share Price	US$22.00
52 Week High	US$27.99
52 Week Low	US$18.00
Beta	0.53
1 Month Change	-7.37%
3 Month Change	n/a
1 Year Change	1.85%
3 Year Change	-30.16%
5 Year Change	n/a
Change since IPO	-68.57%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	FMBN	US Banks	US Market
7D	-5.4%	-3.4%	-2.4%
1Y	1.9%	29.1%	23.4%

Return vs Industry: FMBN underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: FMBN underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is FMBN's price volatile compared to industry and market?
FMBN volatility
FMBN Average Weekly Movement	n/a
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FMBN's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine FMBN's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1916	n/a	Charles Walsh	www.fmbanktrust.bank

Farmers & Merchants Bancshares, Inc. (Burlington, IA) operates as a holding company for Farmers & Merchants Bank & Trust that provides various financial services in Des Moines and Louisa Counties, Iowa. It offers checking, savings, and youth accounts; personal, mortgage, auto, boat, RV, business, construction, operating, real estate, agriculture, farm machinery, livestock, and short-term loans; home equity and lines of credit; and debit and credit cards. The company also provides wealth management services, such as trust, investment management, brokerage, financial planning, and rollover services.

Farmers & Merchants Bancshares, Inc. (Burlington, IA) Fundamentals Summary

How do Farmers & Merchants Bancshares (Burlington IA)'s earnings and revenue compare to its market cap?
FMBN fundamental statistics
Market cap	US$5.86m
Earnings (TTM)	-US$82.00
Revenue (TTM)	US$7.62k

755.7x

P/B Ratio

768.9x

P/S Ratio

Is FMBN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FMBN income statement (TTM)
Revenue	US$7.62k
Cost of Revenue	US$67.00
Gross Profit	US$7.56k
Other Expenses	US$7.64k
Earnings	-US$82.00

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.00031
Gross Margin	99.12%
Net Profit Margin	-1.08%
Debt/Equity Ratio	0%

How did FMBN perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 07:13
End of Day Share Price	2024/12/19 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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 here.

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 .

Analyst Sources

Farmers & Merchants Bancshares, Inc. (Burlington, IA) is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution