Farmers & Merchants Bancorp, Inc. (FMAO) vs Orange County Bancorp, Inc. (OBT)
A side-by-side comparison of Farmers & Merchants Bancorp, Inc. and Orange County Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
Total return — FMAO vs OBT
growth of $100 · dividends reinvested · last 10yFMAO vs OBT: by the numbers
- •OBT is the larger company ($505M vs $492M market cap).
- •OBT trades at the lower trailing earnings multiple (10.61 vs 12.28 P/E), one valuation lens rather than an overall verdict.
- •OBT converts more revenue to profit (31.45% vs 20.53% net margin).
- •FMAO grew revenue faster over the past five years (17.50% vs 16.77% CAGR).
- •FMAO pays the higher dividend yield (2.59% vs 1.90%).
Metrics side by side
Valuation
| Metric | FMAO | OBT |
|---|---|---|
| P/E ratio | 12.28 | 10.61 |
| Forward P/E | 11.26 | 10.92 |
| PEG ratio | N/A | 0.51 |
| P/S ratio | 2.52 | 3.35 |
| P/B ratio | 1.28 | 1.65 |
Profitability
| Metric | FMAO | OBT |
|---|---|---|
| Operating margin | 26.25% | 34.01% |
| Net margin | 20.53% | 31.45% |
| ROE | 10.40% | 15.46% |
Farmers & Merchants Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Orange County Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.
Dividends
| Metric | FMAO | OBT |
|---|---|---|
| Dividend yield | 2.59% | 1.90% |
| Payout ratio | 31.53% | 20.28% |
Growth (annualized)
| Metric | FMAO | OBT |
|---|---|---|
| Revenue CAGR (5Y) | 17.50% | 16.77% |
| EPS CAGR (5Y) | N/A | 20.70% |
| Total return CAGR (5Y) | 12.50% | 19.53% |
Frequently asked
- Which has the lower trailing P/E, FMAO or OBT?
- OBT has the lower trailing P/E: FMAO trades at 12.28 and OBT at 10.61. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, FMAO or OBT?
- Over the past five years, FMAO grew revenue faster — FMAO at a 17.50% CAGR versus OBT at 16.77%.
- Does FMAO or OBT pay a bigger dividend?
- FMAO yields 2.59% and OBT yields 1.90% based on trailing dividends and the latest price.
- Is FMAO or OBT more profitable?
- OBT runs the higher net margin — FMAO at 20.53% versus OBT at 31.45%.
- How have FMAO and OBT total returns compared?
- Over the past 10 years, FMAO delivered 11.24% and OBT delivered 15.24% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Farmers & Merchants Bancorp & Orange County Bancorp appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.