Farmers & Merchants Bancorp (FMAO) vs Northrim BanCorp (NRIM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Farmers & Merchants Bancorp (FMAO) has outperformed Northrim BanCorp (NRIM) over the past year, gaining 40.2% versus a gain of 16.0%. Over five years, NRIM leads with a +123.8% price change compared with +48.3% for FMAO. Northrim BanCorp is the larger company by market cap ($541.1 million vs $484.6 million), about 1.1 times the size.
On valuation, Northrim BanCorp trades at a lower forward P/E (8.8x vs 10.8x for Farmers & Merchants Bancorp). Farmers & Merchants Bancorp offers the higher dividend yield (2.61% vs 1.32%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FMAO | NRIM |
|---|---|---|
| Share price | $35.19 | $24.33 |
| Market cap | $484.61M | $541.10M |
| 1-day change | +0.36% | -1.32% |
| YTD return | +42.84% | -7.37% |
| 1-year return | +40.23% | +16.00% |
| 5-year return | +48.30% | +123.84% |
| P/E ratio (TTM) | 12.09 | 8.00 |
| Forward P/E | 10.76 | 8.76 |
| EPS (TTM) | $2.91 | $3.04 |
| Dividend yield | 2.61% | 1.32% |
| Annual dividend | $0.918 | $0.32 |
| 52-week high | $36.12 | $30.82 |
| 52-week low | $22.77 | $19.60 |
| Distance from 52-week high | -2.59% | -21.07% |
| Analyst consensus | none | none |
| Avg. price target upside | +2.32% | +24.69% |
| Average volume | 63.82K | 143.92K |
| Shares outstanding | 13.77M | 22.24M |
| Employees | 477 | 516 |
| Sector | Finance | Finance |
| Industry | Savings Institutions | Savings Institutions |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FMAO has outperformed NRIM by 24.2 percentage points over the past year.
- Farmers & Merchants Bancorp trades at a higher earnings multiple (12.1x vs 8.0x trailing P/E).
- Farmers & Merchants Bancorp offers a meaningfully higher dividend yield (2.61% vs 1.32%).
About Farmers & Merchants Bancorp
FMAO stock →Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio, Northeast Indiana, and Southeast Michigan.
Finance · Savings Institutions · 477 employees
About Northrim BanCorp
NRIM stock →Northrim BanCorp, Inc. operates as the bank holding company for Northrim Bank that provides commercial banking products and services to businesses and professional individuals.
Finance · Savings Institutions · 516 employees
FMAO vs NRIM FAQ
Which is bigger, Farmers & Merchants Bancorp or Northrim BanCorp?
Northrim BanCorp (NRIM) is larger, with a market capitalization of $541.10M compared with $484.61M for Farmers & Merchants Bancorp (FMAO).
Which stock has performed better over the past year, FMAO or NRIM?
FMAO returned +40.23% over the past 12 months, compared with +16.00% for NRIM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FMAO or NRIM?
NRIM has the lower trailing P/E at 8.0, versus 12.1 for FMAO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Farmers & Merchants Bancorp or Northrim BanCorp?
Farmers & Merchants Bancorp has the higher yield at 2.61%, compared with 1.32% for Northrim BanCorp.
Are Farmers & Merchants Bancorp and Northrim BanCorp in the same industry?
Yes. Both are classified in the Savings Institutions industry within the Finance sector.