FMAO
Farmers & Merchants Bancorp, Inc.
Banks - Regional
Market Cap$380M
5Y Perf.+27.3%
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Stock Comparison
FMAO vs MVBF
Revenue, margins, valuation, and 5-year total return — side by side.
MVBF
MVB Financial Corp.
Banks - Regional
Market Cap$339M
5Y Perf.+85.8%
FMAO vs MVBF — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FMAO | MVBF |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $380M | $339M |
| Revenue (TTM) | $189M | $270M |
| Net Income (TTM) | $33M | $27M |
| Gross Margin | 62.3% | 71.7% |
| Operating Margin | 22.5% | 13.6% |
| Forward P/E | 9.8x | 15.2x |
| Total Debt | $300M | $77M |
| Cash & Equiv. | $98M | $244M |
FMAO vs MVBF — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FMAO
MVBF
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Farmers & Merchants… (FMAO) | 100 | 127.3 | +27.3% |
| MVB Financial Corp. (MVBF) | 100 | 185.8 | +85.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FMAO vs MVBF
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FMAO leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. MVB Financial Corp. is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
FMAO
Farmers & Merchants Bancorp, Inc.
The Banking Pick
FMAO carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 1.04, yield 3.2%
- 144.5% 10Y total return vs MVBF's 135.5%
- Beta 1.04, yield 3.2%, current ratio 13.43x
Best for: income & stability and long-term compounding
MVBF
MVB Financial Corp.
The Banking Pick
MVBF is the clearest fit if your priority is growth exposure and sleep-well-at-night.
- Rev growth 19.0%, EPS growth 34.6%
- Lower volatility, beta 0.84, Low D/E 23.2%, current ratio 0.09x
- NIM 3.2% vs FMAO's 3.0%
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | MVBF | 19.0% NII/revenue growth vs FMAO's 7.1% |
| Value | FMAO | Lower P/E (9.8x vs 15.2x) |
| Quality / Margins | FMAO | Efficiency ratio 0.4% vs MVBF's 0.6% (lower = leaner) |
| Stability / Safety | MVBF | Beta 0.84 vs FMAO's 1.04, lower leverage |
| Dividends | FMAO | 3.2% yield, vs MVBF's 2.5% |
| Momentum (1Y) | MVBF | +53.4% vs FMAO's +15.0% |
| Efficiency (ROA) | FMAO | Efficiency ratio 0.4% vs MVBF's 0.6% |
FMAO vs MVBF — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2019
FMAO vs MVBF — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFMAOLAGGINGMVBF
MVBFMVB Financial Corp.
1leads
FMAOFarmers & Merchants B…
3leads
6 Total Categories
CATEGORYLEADERvs MVBFMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FMAO4/5
Valuation MetricsMultiples, price ratios, and targets
FMAO4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
MVBF5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
FMAO1/1
Income & Cash Flow (Last 12 Months)
FMAO leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MVBF and FMAO operate at a comparable scale, with $270M and $189M in trailing revenue. FMAO is the more profitable business, keeping 17.6% of every revenue dollar as net income compared to MVBF's 10.0%.
| Metric | FMAOFarmers & Merchan… | MVBFMVB Financial Cor… |
|---|---|---|
| RevenueTrailing 12 months | $189M | $270M |
| EBITDAEarnings before interest/tax | $48M | $39M |
| Net IncomeAfter-tax profit | $33M | $27M |
| Free Cash FlowCash after capex | $36M | $2M |
| Gross MarginGross profit ÷ Revenue | +62.3% | +71.7% |
| Operating MarginEBIT ÷ Revenue | +22.5% | +13.6% |
| Net MarginNet income ÷ Revenue | +17.6% | +10.0% |
| FCF MarginFCF ÷ Revenue | +18.3% | +0.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +16.4% | -55.6% |
FMAO leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
FMAO leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
At 8.1x trailing earnings, FMAO trades at a 37% valuation discount to MVBF's 12.8x P/E. On an enterprise value basis, MVBF's 4.7x EV/EBITDA is more attractive than FMAO's 13.7x.
| Metric | FMAOFarmers & Merchan… | MVBFMVB Financial Cor… |
|---|---|---|
| Market CapShares × price | $380M | $339M |
| Enterprise ValueMkt cap + debt − cash | $583M | $172M |
| Trailing P/EPrice ÷ TTM EPS | 8.11x | 12.81x |
| Forward P/EPrice ÷ next-FY EPS est. | 9.81x | 15.23x |
| PEG RatioP/E ÷ EPS growth rate | 0.60x | — |
| EV / EBITDAEnterprise value multiple | 13.70x | 4.67x |
| Price / SalesMarket cap ÷ Revenue | 2.01x | 1.25x |
| Price / BookPrice ÷ Book value/share | 1.02x | 1.04x |
| Price / FCFMarket cap ÷ FCF | 10.99x | 160.42x |
FMAO leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
MVBF leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
FMAO delivers a 9.3% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $8 for MVBF. MVBF carries lower financial leverage with a 0.23x debt-to-equity ratio, signaling a more conservative balance sheet compared to FMAO's 0.81x. On the Piotroski fundamental quality scale (0–9), FMAO scores 8/9 vs MVBF's 7/9, reflecting strong financial health.
| Metric | FMAOFarmers & Merchan… | MVBFMVB Financial Cor… |
|---|---|---|
| ROE (TTM)Return on equity | +9.3% | +8.5% |
| ROA (TTM)Return on assets | +1.0% | +0.8% |
| ROICReturn on invested capital | +4.9% | +7.0% |
| ROCEReturn on capital employed | +2.1% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 7 |
| Debt / EquityFinancial leverage | 0.81x | 0.23x |
| Net DebtTotal debt minus cash | $202M | -$167M |
| Cash & Equiv.Liquid assets | $98M | $244M |
| Total DebtShort + long-term debt | $300M | $77M |
| Interest CoverageEBIT ÷ Interest expense | 0.61x | 0.54x |
MVBF leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — FMAO and MVBF each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FMAO five years ago would be worth $14,428 today (with dividends reinvested), compared to $7,234 for MVBF. Over the past 12 months, MVBF leads with a +53.4% total return vs FMAO's +15.0%. The 3-year compound annual growth rate (CAGR) favors MVBF at 18.2% vs FMAO's 15.2% — a key indicator of consistent wealth creation.
| Metric | FMAOFarmers & Merchan… | MVBFMVB Financial Cor… |
|---|---|---|
| YTD ReturnYear-to-date | +14.7% | +4.3% |
| 1-Year ReturnPast 12 months | +15.0% | +53.4% |
| 3-Year ReturnCumulative with dividends | +52.8% | +65.3% |
| 5-Year ReturnCumulative with dividends | +44.3% | -27.7% |
| 10-Year ReturnCumulative with dividends | +144.5% | +135.5% |
| CAGR (3Y)Annualised 3-year return | +15.2% | +18.2% |
Evenly matched — FMAO and MVBF each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — FMAO and MVBF each lead in 1 of 2 comparable metrics.
Risk & Volatility
MVBF is the less volatile stock with a 0.84 beta — it tends to amplify market swings less than FMAO's 1.04 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FMAO currently trades 92.9% from its 52-week high vs MVBF's 89.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | FMAOFarmers & Merchan… | MVBFMVB Financial Cor… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.04x | 0.84x |
| 52-Week HighHighest price in past year | $29.79 | $29.59 |
| 52-Week LowLowest price in past year | $22.59 | $17.13 |
| % of 52W HighCurrent price vs 52-week peak | +92.9% | +89.2% |
| RSI (14)Momentum oscillator 0–100 | 54.8 | 50.8 |
| Avg Volume (50D)Average daily shares traded | 54K | 34K |
Evenly matched — FMAO and MVBF each lead in 1 of 2 comparable metrics.
Analyst Outlook
FMAO leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates FMAO as "Hold" and MVBF as "Buy". Consensus price targets imply 13.7% upside for MVBF (target: $30) vs 3.0% for FMAO (target: $29). For income investors, FMAO offers the higher dividend yield at 3.20% vs MVBF's 2.52%.
| Metric | FMAOFarmers & Merchan… | MVBFMVB Financial Cor… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $28.50 | $30.00 |
| # AnalystsCovering analysts | 2 | 7 |
| Dividend YieldAnnual dividend ÷ price | +3.2% | +2.5% |
| Dividend StreakConsecutive years of raises | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.88 | $0.66 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | +3.0% |
FMAO leads this category, winning 1 of 1 comparable metric.
Key Takeaway
FMAO leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). MVBF leads in 1 (Profitability & Efficiency). 2 tied.
Best OverallFarmers & Merchants Bancorp… (FMAO)Leads 3 of 6 categories
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FMAO vs MVBF: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FMAO or MVBF a better buy right now?
For growth investors, MVB Financial Corp.
(MVBF) is the stronger pick with 19. 0% revenue growth year-over-year, versus 7. 1% for Farmers & Merchants Bancorp, Inc. (FMAO). Farmers & Merchants Bancorp, Inc. (FMAO) offers the better valuation at 8. 1x trailing P/E (9. 8x forward), making it the more compelling value choice. Analysts rate MVB Financial Corp. (MVBF) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FMAO or MVBF?
On trailing P/E, Farmers & Merchants Bancorp, Inc.
(FMAO) is the cheapest at 8. 1x versus MVB Financial Corp. at 12. 8x. On forward P/E, Farmers & Merchants Bancorp, Inc. is actually cheaper at 9. 8x.
03Which is the better long-term investment — FMAO or MVBF?
Over the past 5 years, Farmers & Merchants Bancorp, Inc.
(FMAO) delivered a total return of +44. 3%, compared to -27. 7% for MVB Financial Corp. (MVBF). Over 10 years, the gap is even starker: FMAO returned +144. 5% versus MVBF's +135. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FMAO or MVBF?
By beta (market sensitivity over 5 years), MVB Financial Corp.
(MVBF) is the lower-risk stock at 0. 84β versus Farmers & Merchants Bancorp, Inc. 's 1. 04β — meaning FMAO is approximately 24% more volatile than MVBF relative to the S&P 500. On balance sheet safety, MVB Financial Corp. (MVBF) carries a lower debt/equity ratio of 23% versus 81% for Farmers & Merchants Bancorp, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FMAO or MVBF?
By revenue growth (latest reported year), MVB Financial Corp.
(MVBF) is pulling ahead at 19. 0% versus 7. 1% for Farmers & Merchants Bancorp, Inc. (FMAO). On earnings-per-share growth, the picture is similar: Farmers & Merchants Bancorp, Inc. grew EPS 79. 5% year-over-year, compared to 34. 6% for MVB Financial Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FMAO or MVBF?
Farmers & Merchants Bancorp, Inc.
(FMAO) is the more profitable company, earning 17. 6% net margin versus 10. 0% for MVB Financial Corp. — meaning it keeps 17. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FMAO leads at 22. 5% versus 13. 6% for MVBF. At the gross margin level — before operating expenses — MVBF leads at 71. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FMAO or MVBF more undervalued right now?
On forward earnings alone, Farmers & Merchants Bancorp, Inc.
(FMAO) trades at 9. 8x forward P/E versus 15. 2x for MVB Financial Corp. — 5. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MVBF: 13. 7% to $30. 00.
08Which pays a better dividend — FMAO or MVBF?
All stocks in this comparison pay dividends.
Farmers & Merchants Bancorp, Inc. (FMAO) offers the highest yield at 3. 2%, versus 2. 5% for MVB Financial Corp. (MVBF).
09Is FMAO or MVBF better for a retirement portfolio?
For long-horizon retirement investors, MVB Financial Corp.
(MVBF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 84), 2. 5% yield, +135. 5% 10Y return). Both have compounded well over 10 years (MVBF: +135. 5%, FMAO: +144. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FMAO and MVBF?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FMAO is a small-cap deep-value stock; MVBF is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FMAO: 7.1% · MVBF: 19.0%)Net Margin>
%
(FMAO: 17.6% · MVBF: 10.0%)P/E Ratio<
x
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