The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Farmers and Merchants Bancshares's Dividend Payout Ratio for the
months ended in Dec. 2025 was 2.94.
The historical rank and industry rank for Farmers and Merchants Bancshares's Dividend Payout Ratio or its related term are showing as below:
FMBN'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.43 Med: 3.21 Max: 17.54
Current: 2.94
During the past 11 years, the highest Dividend Payout Ratio of Farmers and Merchants Bancshares was 17.54. The lowest was 0.43. And the median was 3.21.
FMBN's Dividend Payout Ratio is not ranked
in the Banks industry.
Industry Median: 0.32
vs FMBN: 2.94
During the past 11 years, the highest Trailing Annual Dividend Yield of Farmers and Merchants Bancshares was 5.71%. The lowest was 2.44%. And the median was 3.36%.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Farmers and Merchants Bancshares (OTCPK:FMBN) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Farmers and Merchants Bancshares Dividend Payout Ratio Related Terms
Farmers and Merchants Bancshares Dividend Payout Ratio Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Farmers and Merchants Bancshares Dividend Payout Ratio Chart
FMBN vs JDVB, RVSB, FMBM: Dividend Payout Ratio Comparison
For the Banks - Regional subindustry, Farmers and Merchants Bancshares's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Farmers and Merchants Bancshares Dividend Payout Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Farmers and Merchants Bancshares's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Farmers and Merchants Bancshares's Dividend Payout Ratio falls into.
Farmers and Merchants Bancshares Dividend Payout Ratio Calculation
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Farmers and Merchants Bancshares (FMBN) has a Dividend Payout Ratio of 2.94 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Farmers and Merchants Bancshares and its competitors. This is near median its historical median of 3.21. Over the past decade, Farmers and Merchants Bancshares' Dividend Payout Ratio has ranged from 0.43 to 17.54.
Is Farmers and Merchants Bancshares' Dividend Payout Ratio too high?
Farmers and Merchants Bancshares' current Dividend Payout Ratio of 2.94 is near median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 17.54. The Banks industry median Dividend Payout Ratio is 0.32. Farmers and Merchants Bancshares' value of 2.94 is 818.8% above this industry median. Overall, Farmers and Merchants Bancshares has a GF Score™ of 51/100, reflecting its overall financial health beyond just this single metric.
How does Farmers and Merchants Bancshares' Dividend Payout Ratio compare to JDVB and RVSB?
Farmers and Merchants Bancshares' Dividend Payout Ratio of 2.94 can be compared against companies in the Banks industry. The industry median Dividend Payout Ratio is 0.32. Farmers and Merchants Bancshares' value of 2.94 is 818.8% above this benchmark. Historically, Farmers and Merchants Bancshares' own Dividend Payout Ratio has ranged from 0.43 to 17.54 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 0.32, Farmers and Merchants Bancshares has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,172 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmers and Merchants Bancshares's current Dividend Payout Ratio of 2.94 is 818.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Farmers and Merchants Bancshares and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmers and Merchants Bancshares's current Dividend Payout Ratio is 2.94, which is near median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmers and Merchants Bancshares stock overvalued right now?
Farmers and Merchants Bancshares (FMBN) has a current Dividend Payout Ratio of 2.94. The stock's GF Value™ is $24.88, compared to a current price of $35.50 — trading 42.7% above its estimated fair value. The current Dividend Payout Ratio is 2.94, which is near median its 10-year median of 3.21 and 818.8% above the Banks industry median of 0.32. Farmers and Merchants Bancshares' overall GF Score™ is 51/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Farmers and Merchants Bancshares (FMBN), the current Dividend Payout Ratio is 2.94 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Farmers and Merchants Bancshares (FMBN) Overvalued in 2026?
Based on GuruFocus' analysis, Farmers and Merchants Bancshares stock appears to be overvalued.
The current stock price of $35.50 is trading 42.7% above its estimated GF Value™ of $24.88.
Key valuation signals for FMBN:
Dividend Payout Ratio: 2.94 (near median its 10-year median of 3.21)
GF Value™: $24.88 vs. price of $35.50 (42.7% above fair value)
No single metric tells the full story. See the FMBN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Farmers and Merchants Bancshares Business Description
Farmers and Merchants Bancshares Inc is a bank holding company. The company provides financial services through its offices in the greater Burlington, Iowa area. Its primary deposit products are checking, savings, and term certificate accounts, and its primary lending products are residential mortgage, agricultural, commercial and installment loans.
51GF Score
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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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