Farmers & Merchants Bancshares AI Stock Analysis
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Farmers & Merchants Bancshares (FMBN) AI Stock Analysis
Farmers & Merchants Bancshares
(Other OTC:FMBN)
The overall score of 68 reflects a company with strong and improving financial fundamentals, particularly in cash flow generation and revenue recovery. This is the most significant positive factor. An attractive valuation with a low P/E and decent dividend yield further supports the score. These strengths are partially offset by a history of earnings volatility and technical indicators that, while positive, show only mild momentum without strong conviction.
Farmers & Merchants Bancshares (FMBN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $140.90M
- Dividend Yield
- 2.37%
- Average Volume (3M)
- 335
- Price to Earnings (P/E)
- 10.6
- Beta (1Y)
- -0.34
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- US
- Employees
- 17
- Sector
- Financial
- Sector Strength
- 68
- Industry
- Banks - Regional
Farmers & Merchants Bancshares Business Overview & Revenue Model
Company Description
Farmers & Merchants Bancshares, Inc., headquartered in Burlington, Iowa, functions as the holding company for Farmers & Merchants Bank & Trust. This financial institution delivers a broad spectrum of services to customers in Iowa's Des Moines and Lou...
Farmers & Merchants Bancshares Financial Statement Overview
Summary
Financial performance is solid, driven by a strong recovery in 2025 with 29.4% revenue growth and a net profit margin of 9.4%. Cash flow is a key strength, with free cash flow surging 60.9% and a healthy 0.92 cash conversion ratio. The balance sheet is improving with reduced leverage, though a history of earnings volatility and a still-notable debt load temper the score.
Income Statement
72PositiveBalance Sheet
65PositiveCash Flow
78Positive| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.96M | 9.24M | 11.14M | 10.38M | 9.97M |
| Gross Profit | 9.74M | 9.24M | 8.73M | 6,977 | 9.42M |
| EBITDA | 1.78M | 1.31M | 245.66K | 1.67M | 1.95M |
| Net Income | 1.12M | 743.51K | -82.00K | 803.08K | 872.02K |
Balance Sheet | |||||
| Total Assets | 213.30M | 216.72M | 234.23M | 256.06M | 250.69M |
| Cash, Cash Equivalents and Short-Term Investments | 5.28M | 4.18M | 5.20M | 13.76M | 13.69M |
| Total Debt | 17.62M | 21.52M | 16.92M | 4.12M | 4.12M |
| Total Liabilities | 199.93M | 207.46M | 226.48M | 250.24M | 235.68M |
| Stockholders Equity | 13.37M | 9.27M | 7,756 | 5.82M | 15.00M |
Cash Flow | |||||
| Free Cash Flow | 1.71M | 1.06M | 249.27K | 774.65K | 1.73M |
| Operating Cash Flow | 1.85M | 1.21M | 686.74K | 1.18M | 2.00M |
| Investing Cash Flow | 6.58M | 16.74M | 14.52M | -14.25M | -31.59M |
| Financing Cash Flow | -7.33M | -18.96M | -23.77M | 13.14M | 21.78M |
Farmers & Merchants Bancshares Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FMBN, the sentiment is Positive. The current price of 42.13 is above the 20-day moving average (MA) of 42.01, above the 50-day MA of 41.77, and above the 200-day MA of 40.49, indicating a bullish trend. The MACD of 0.17 indicates Positive momentum. The RSI at 51.42 is Neutral, neither overbought nor oversold. The STOCH value of 49.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FMBN.
Farmers & Merchants Bancshares Peers Comparison
Overall Rating
WSBK70Outperform- FMBN68Neutral
PROV65Neutral
PBHC58Neutral
FNWB42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| WSBK | 70Outperform | $124.02M | 26.07 | 3.96% | ― | 18.75% | 578.67% |
| FMBN | 68Neutral | $11.70M | 10.60 | 9.90% | 2.37% | ― | ― |
| Sector * | 68Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
| PROV | 65Neutral | $111.96M | 17.84 | 5.18% | 3.07% | 0.19% | 13.85% |
| PBHC | 58Neutral | $104.04M | -41.47 | 0.08% | 2.43% | -6.61% | -78.36% |
| FNWB | 42Neutral | $94.23M | -1048.39 | -0.03% | ― | -6.23% | 99.32% |
* Financial Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FMBN | Farmers & Merchants Bancshares | 42.13 | 12.82 | 43.77% | |
| PBHC | Pathfinder | 16.70 | 2.24 | 15.49% | |
| PROV | Provident Financial Holdings | 18.24 | 3.23 | 21.55% | |
| FNWB | First Northwest Bancorp | 9.84 | 0.58 | 6.26% | |
| WSBK | Winchester Bancorp, Inc. | 13.82 | 4.25 | 44.41% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 05, 2026