Exhibit 99 NEWS RELEASE Post Office Box 216 307 North Defiance Street Company Contact: Investor and Media Contact: Lars B. Eller President and Chief Executive Officer Farmers & Merchants Bancorp, Inc. (419) 446-2501 leller@fm.bank Andrew M. Berger Managing Director SM Berger & Company, Inc. (216) 464-6400 andrew@smberger.com Farmers & Merchants Bancorp, Inc. Reports 2025 Second-Quarter and Year-to-Date Financial Results ARCHBOLD, OHIO, July 28, 2025, Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today re ...

ARCHBOLD, Ohio, July 28, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2025 second quarter and year-to-date ended June 30, 2025. 2025 Second Quarter Financial and Operating Highlights(at June 30, 2025 and on a year-over-year basis unless noted) 89 consecutive quarters of profitabilityNet income increased 35.7% to $7.7 million, or $0.56 per basic and diluted shareNet interest margin expands for fourth consecutive quarter, up 51 basis points ...

ARCHBOLD, Ohio, July 18, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced that Andrew Briggs, Chairman of the Board, will step down from his position as part of a plan he initiated. Briggs, who has served on the Board for seven years and as Chairman since 2024, will continue serving as a director through his retirement from the Board in 2026 and will work closely with newly appointed Chairman, Kevin J. Sauder, to ens ...

Financial Performance & Growth - Total assets increased to $3365 million as of December 31, 2024, a year-over-year growth of 2.5%[26] - Net interest income after provision for credit losses increased 7.5% year-over-year for full year 2024[28] - Deposits reached a record $2690 million as of December 31, 2024, a 3.0% year-over-year increase[32] - From 2019 to 2024, total deposits increased at a CAGR of 15.8%[48] - F&M funded $1423 million in PPP loans over two years, including $538 million in 2021[69] Market Position & Expansion - F&M's total deposits have increased 42.7%, or by $791 million from 2021 to 2024[16] - Deposits within F&M's Ohio markets have increased 45.8%, or by $607 million from 2021 to 2024[16] - Deposits within F&M's Indiana markets have increased 27.6%, or by $145 million from 2021 to 2024[16] - New offices opened in 2023 added $53.9 million of new deposits and $80.5 million in new loans during 2024[32] Digital Transformation & Loan Portfolio - Mobile customers increased by 27.26% in 2024[30] - Approximately 31% of F&M's loan portfolio is subject to reprice in the next 12 months as of December 31, 2024[56]

Core Viewpoint - F&M Bank has appointed Ahmed Alomari to its Board of Directors, which is expected to enhance the bank's digital capabilities and technology infrastructure [1][3]. Company Overview - F&M Bank is an independent community bank established in 1897, providing commercial and retail banking services across various counties in Ohio and Northeast Indiana, as well as in Michigan [5]. Appointment Details - Ahmed Alomari was appointed to the Board of Directors during the monthly board meeting on June 24, 2025 [1]. - Alomari is recognized for his expertise in Oracle database performance and enterprise systems architecture, having founded Cybernoor in 2007 and served as CEO until its acquisition by Buchanan Technologies in 2021 [2]. Executive Insights - Lars Eller, President and CEO of F&M Bank, highlighted Alomari's technical expertise and innovative track record as valuable assets for the bank's future [3]. - Alomari holds a degree in Computer Science from the University of Michigan's School of Engineering [3].

Core Viewpoint - Farmers & Merchants Bancorp, Inc. has announced a quarterly cash dividend of $0.22125 per share, reflecting its commitment to returning capital to shareholders [1][2]. Group 1: Dividend Announcement - The Board of Directors approved a quarterly cash dividend of $0.22125 per share, payable on July 20, 2025, to shareholders of record as of July 7, 2025 [1]. - F&M has a history of paying quarterly dividends for over 50 years and has increased its annual dividend for 30 consecutive years [2]. Group 2: Company Overview - Farmers & Merchants Bancorp, Inc. is the holding company for F&M Bank, which has total assets of $3.39 billion as of March 31, 2025 [1]. - F&M Bank has been serving its communities since 1897, providing commercial and retail banking services across various counties in Ohio and parts of Indiana and Michigan [3].

F&M Bank Promotes Eric D. Faust to EVP F&M announces the promotion of Eric D. Faust to Executive Vice President ARCHBOLD, Ohio, May 21, 2025 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), is proud to announce the promotion of Eric D. Faust to Executive Vice President. Faust has served as the bank’s Chief Risk Officer since 2022, where he has led significant advancements in enterprise risk and regulatory compliance. In his rol ...

Core Viewpoint - F&M Bank announces the resignation of Jo Ellen Hornish from its Board of Directors after serving since 2013, highlighting her contributions to the bank's strategic vision and growth [1][2][3]. Group 1: Board Resignation - Jo Ellen Hornish has resigned from the Board of Directors of F&M Bank following the board meeting on May 20, 2025 [1]. - Hornish served on the Board since 2013, providing valuable insights particularly in the transportation and manufacturing sectors [2]. - Her leadership experience and service on the Audit Committee and the Corporate Governance and Nominating Committee were instrumental in guiding the bank through significant growth phases [2]. Group 2: Acknowledgment and Impact - Lars Eller, President and CEO of F&M Bank, expressed gratitude for Hornish's dedication and leadership, stating her contributions have shaped the bank's current success [3]. - Hornish's extensive corporate and community leadership experience, along with her commitment to philanthropic efforts, reflects her strong community values [3][4]. Group 3: Company Background - F&M Bank is an independent community bank established in 1897, providing commercial and retail banking services across various counties in Ohio and parts of Northeast Indiana and Michigan [5].

2025 First Quarter Investor Presentation NASDAQ: FMAO Forward Looking Statement Statements contained in any portion of the Company's annual meeting may be forward-looking statements, as that term is defined in the private securities litigation reform act of 1995. Forward- looking statements may be identified by the use of such words as "intend," "believe," "expect," "anticipate," "should," "planned," "estimated," and "potential." Such forward-looking statements are based on current expectations but may diff ...

Acquisitions - The total consideration for the acquisition of Peoples-Sidney Financial Corporation was approximately $23.2 million, consisting of $9.8 million in cash and $13.4 million in stock[21]. - The acquisition of Perpetual Federal Savings Bank had a total consideration of approximately $100.3 million, with $59.2 million in cash and $41.1 million in stock[24]. - The total purchase price for the acquisition of Ossian Financial Services, Inc. was approximately $20.0 million, all in cash[27]. - The acquisition of Limberlost Bancshares, Inc. amounted to approximately $78.9 million, with $8.5 million in cash and $70.4 million in stock[29]. - The goodwill resulting from the acquisition of Peoples Federal Savings and Loan Association was $5.9 million, primarily due to expected synergies and economies of scale[22]. - The Company has reduced costs through economies of scale as a result of the acquisitions[21]. Financial Performance - Net income for the three months ended March 31, 2025, was $6.952 million, a 29.7% increase from $5.359 million in the same period of 2024[90]. - Basic and diluted earnings per share increased to $0.51 for the three months ended March 31, 2025, up from $0.39 in 2024, reflecting improved profitability[90]. - Overall net income for Q1 2025 was $1.6 million higher than Q1 2024, indicating a positive outlook for profitability[149]. - Noninterest income exceeded $4 million for the quarter, driven primarily by treasury services and increased debit card usage[147]. - Noninterest expenses rose by $919 thousand compared to Q1 2024, with significant increases in consulting services and employee benefits[148]. Loan Portfolio - The company reported a net loan balance of $2.56 billion as of March 31, 2025, an increase from $2.54 billion as of December 31, 2024[45]. - The company’s loan portfolio included $1.33 billion in commercial real estate loans as of March 31, 2025, up from $1.31 billion at the end of 2024[45]. - Fixed-rate loans accounted for $1.04 billion of the total loan portfolio as of March 31, 2025, while variable-rate loans totaled $1.54 billion[46]. - The total current financing receivables as of March 31, 2025, were $2,580,190,000[49]. - The total gross charge-offs year-to-date for Consumer Real Estate loans are reported at $0, indicating no losses in this segment[60]. - The total risk rating for Consumer Real Estate loans indicates a significant portion, 38.41%, is under Special Mention (5) status, which may require monitoring[60]. Credit Quality and Allowance for Credit Losses - The total allowance for credit losses (ACL) increased to $26.352 million as of March 31, 2025, from $25.826 million at the end of 2024[78]. - The Company recorded a one-time adjustment of $4.5 million to the allowance for credit losses, which is $3.4 million net of tax[72]. - The specific reserve portion of the ACL was $159 thousand at March 31, 2025, up from $52 thousand at December 31, 2024[185]. - The company employs a nine-tier risk rating system to assess loan quality, with ratings ranging from 1 (Excellent) to 8 (Loss)[56]. - The company recognizes that repayment success for consumer loans is influenced by borrower income, debt levels, and employment status[51]. Securities and Investments - As of March 31, 2025, total available-for-sale securities amounted to $464.0 million with a fair value of $438.6 million, reflecting unrealized losses of $25.7 million[36]. - The total amortized cost of mortgage-backed securities was $140.9 million with a fair value of $130.9 million, indicating unrealized losses of $10.2 million[36]. - The fair value of securities is expected to recover as bonds approach their maturity date, indicating a positive outlook for the company's investment strategy[39]. - The balance of investments in qualified affordable housing projects was $3.5 million as of March 31, 2025, slightly down from $3.6 million at December 31, 2024[101]. Regulatory and Accounting Updates - Recent accounting pronouncements include ASU 2023-06, which requires additional disclosures related to cash flows and debt, effective for annual periods beginning after December 15, 2024[133]. - The company plans to adopt ASU 2023-07 regarding segment reporting, which enhances disclosure requirements, effective December 31, 2024[136]. - The company does not expect the adoption of recent accounting updates to have a material effect on its financial position or results of operations[135]. - The company is attentive to ongoing regulatory changes, including the CFPB's final rule on data collection for small business loans[167]. Capital and Liquidity - The company remains well-capitalized with strong liquidity levels and asset quality, positioning itself for future growth[149]. - The Bank declared a dividend of $3.5 million in Q1 2025 and remains well-capitalized with a Tier I Leverage Ratio of 9.10%[208]. - The Bank's uninsured deposit ratio remains low at 12.1%, with total uninsured deposits of $327.0 million as of March 31, 2025[191]. - The company has issued $35,000,000 in subordinated notes with a fixed-to-floating interest rate, qualifying as Tier 2 capital until July 30, 2026[125].