FMBN (Farmers and Merchants Bancshares) Shares Outstanding (Basic Average): 3.30 Mil (As of Dec. 2025)


FMBN Farmers and Merchants Bancshares Inc FMBN
51 GF Score
Price $35.50
GF Value $24.88
! 5 Warning Signs
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What is Farmers and Merchants Bancshares Shares Outstanding (Basic Average)?

Farmers and Merchants Bancshares FMBN 51 Shares Outstanding (Basic Average) is 3.30 Mil as of Dec. 2025. GuruFocus rates FMBN with a GF Score™ of 51/100 and a GF Value™ of $24.88. The stock has 5 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Farmers and Merchants Bancshares's average basic shares outstanding for the quarter that ended in Dec. 2025 was 3.30 Mil.

Farmers and Merchants Bancshares  (OTCPK:FMBN) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Farmers and Merchants Bancshares Shares Outstanding (Basic Average) Related Terms

Farmers and Merchants Bancshares Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Farmers and Merchants Bancshares's Shares Outstanding (Basic Average) can be seen below:

* 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 Shares Outstanding (Basic Average) Chart

Farmers and Merchants Bancshares Annual Data
Trend Dec04 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.04 3.07 3.12 3.17 3.30

Farmers and Merchants Bancshares Semi-Annual Data
Dec03 Dec04 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 3.04 3.07 3.12 3.17 3.30
FMBN
51GF Score
Farmers and Merchants Bancshares Inc FMBN
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Farmers and Merchants Bancshares Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 3.30 Mil mean?
Farmers and Merchants Bancshares (FMBN) has a Shares Outstanding (Basic Average) of 3.30 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Farmers and Merchants Bancshares and its competitors.
Is Farmers and Merchants Bancshares' Shares Outstanding (Basic Average) too high?
Farmers and Merchants Bancshares' current Shares Outstanding (Basic Average) is 3.30 Mil. 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' Shares Outstanding (Basic Average) compare to JDVB and RVSB?
Farmers and Merchants Bancshares' Shares Outstanding (Basic Average) of 3.30 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Banks company?
A good Shares Outstanding (Basic Average) depends on the Banks industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Farmers and Merchants Bancshares and its competitors. Farmers and Merchants Bancshares's current Shares Outstanding (Basic Average) is 3.30 Mil. 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 Shares Outstanding (Basic Average) of 3.30 Mil. 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 Shares Outstanding (Basic Average) is 3.30 Mil. 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 Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Farmers and Merchants Bancshares (FMBN), the current Shares Outstanding (Basic Average) is 3.30 Mil 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:

  • Shares Outstanding (Basic Average): 3.30 Mil
  • GF Value™: $24.88 vs. price of $35.50 (42.7% above fair value)
  • GF Score™: 51/100 with 5 warning signs

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

Address 221 Jefferson Street, Burlington, IA, USA, 52601
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

Get the complete analysis for FMBN

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$35.50
Price
$24.88
GF Value