FMAO (Farmers & Merchants Bancorp) Tax Rate %: 20.10% (As of Jun. 2026)

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FMAO Farmers & Merchants Bancorp Inc FMAO
63 GF Score
Price $33.21
GF Value $29.13
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Farmers & Merchants Bancorp Tax Rate %?

Farmers & Merchants Bancorp FMAO -1.04% 63 Tax Rate % is 20.10% as of Jun. 2026. GuruFocus rates FMAO with a GF Score™ of 63/100 and a GF Value™ of $29.13 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Farmers & Merchants Bancorp's Tax Expense for the three months ended in Jun. 2026 was $3.0 Mil. Farmers & Merchants Bancorp's Pre-Tax Income for the three months ended in Jun. 2026 was $14.8 Mil. Therefore, Farmers & Merchants Bancorp's Tax Rate % for the quarter that ended in Jun. 2026 was 20.10%.

Farmers & Merchants Bancorp Tax Rate % Related Terms

Farmers & Merchants Bancorp Tax Rate % Historical Data

* Premium members only.

The historical data trend for Farmers & Merchants Bancorp's Tax Rate % 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 & Merchants Bancorp Tax Rate % Chart

Farmers & Merchants Bancorp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20.35 19.67 19.63 20.37 21.67

Farmers & Merchants Bancorp Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.50 21.19 23.69 22.35 20.10
FMAO
63GF Score
Farmers & Merchants Bancorp Inc FMAO
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Farmers & Merchants Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Farmers & Merchants Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=9.216/42.525
=21.67 %

Farmers & Merchants Bancorp's Tax Rate % for the quarter that ended in Jun. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Jun. 2026 )/Pre-Tax Income (Q: Jun. 2026 )
=2.968/14.765
=20.10 %

* 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.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 20.10% mean?
Farmers & Merchants Bancorp (FMAO) has a Tax Rate % of 20.10% as of Jun. 2026.
Is Farmers & Merchants Bancorp's Tax Rate % too high?
Farmers & Merchants Bancorp's current Tax Rate % is 20.10%. Overall, Farmers & Merchants Bancorp has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Farmers & Merchants Bancorp's Tax Rate % compare to PLBC and NEWT?
Farmers & Merchants Bancorp's Tax Rate % of 20.10% 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 Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Farmers & Merchants Bancorp's current Tax Rate % is 20.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmers & Merchants Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Farmers & Merchants Bancorp (FMAO) is currently considered Modestly Overvalued. The stock's GF Value™ is $29.13, compared to a current price of $33.21 — trading 14% above its estimated fair value. The current Tax Rate % is 20.10%. Farmers & Merchants Bancorp's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Farmers & Merchants Bancorp (FMAO), the current Tax Rate % is 20.10% as of Jun. 2026. 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 & Merchants Bancorp (FMAO) Overvalued in 2026?

Based on GuruFocus' analysis, Farmers & Merchants Bancorp stock appears to be overvalued. The current stock price of $33.21 is trading 14% above its estimated GF Value™ of $29.13. GuruFocus considers Farmers & Merchants Bancorp to be Modestly Overvalued.

Key valuation signals for FMAO:

  • Tax Rate %: 20.10%
  • GF Value™: $29.13 vs. price of $33.21 (14% above fair value)
  • GF Score™: 63/100 with 5 warning signs

No single metric tells the full story. See the FMAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Farmers & Merchants Bancorp Business Description

Address 307 North Defiance Street, Archbold, OH, USA, 43502
Farmers & Merchants Bancorp Inc is a holding company based in Ohio. The company is engaged in one segment which is commercial banking. The activities of the company include commercial, agricultural and residential mortgages as well as consumer and credit card lending activities.
63GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$33.21
Price
$29.13
GF Value