Farmers & Merchants Bank of Long Beach (FMBL) Fair Value & Analysis

Financial Services · US · Market cap $1.1B

A solid business, but screening 25% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($9,185). The favourable scenario is already priced in.
• Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range $4,020 – $9,805 · fair‑value band $5,511 – $9,185 · the $9,795 price screens above the $7,348 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 26, 2026.

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Analysis

Farmers & Merchants Bank of Long Beach (FMBL) currently trades at $9,795, while our model-based Fair Value estimate is $7,348, implying the stock looks roughly 25.0% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Farmers & Merchants Bank of Long Beach generated revenue of $304M at a net margin of 24.2%. Revenue grew 15.4% year over year. It earns a return on equity of 4.9%. Net debt stands at $377M. Fundamentals as of Jul 26, 2026

Our scenario range runs from $5,511 (bear case) to $9,185 (bull case); at $9,795, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 81% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -25%, FMBL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Economic Profit ($9,059) versus Dividend Discount ($1,409). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in the Los Angeles, Orange, and Santa Barbara Counties of the United States.

Full company description

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in the Los Angeles, Orange, and Santa Barbara Counties of the United States. It offers checking, savings, Christmas club savings, health savings, market rate savings, and money market accounts; demand and time deposits; certificates of deposit accounts; youth accounts; and individual retirement accounts. The company also provides personal home, commercial real estate, real estate and construction, commercial business, equipment, and small business administration loans, as well as lines of credit, and loans secured by inventory and receivables; financing for residential loans comprising single-family and multifamily loans; and credit and debit cards. In addition, it offers treasury management services comprising account management, receivables and payables, and risk management services; commercial and industrial lending services; and faith-based and healthcare banking services, as well as online and mobile banking services. Further, the company provides digital banking services, such as cash management features, send money, automated clearing house, direct connect, credit score monitoring, and bank-by-text services. Farmers & Merchants Bank of Long Beach was founded in 1907 and is headquartered in Long Beach, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Farmers & Merchants Bank of Long Beach reported revenue of $288M in FY2025 versus $317M in FY2021, a compound −2.3%/yr. Reported net income was $68.3M in FY2025, compounding −12.2%/yr from FY2021.

FMBL screens 25% overvalued. Compare with PT Bank Central Asia Tbk →

Peer Group

Banks - Regional · 1083 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Banks - Regional median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.