FARMERS & MERCHANTS BANCORP

Ticker: FMAO CUSIP: 30779N105 Class: Common Stock

GEODE CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001214717)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 301,252 Value ($000) $7,448 Avg Close $24.70 Range $22.57 - $28.14

Q3 2025

Shares 298,850 Value ($000) $7,475 Avg Close $25.30 Range $22.50 - $27.73

Q2 2025

Shares 299,470 Value ($000) $7,572 Avg Close $23.36 Range $20.34 - $26.26

Q1 2025

Shares 294,943 Value ($000) $7,053 Avg Close $24.80 Range $21.86 - $28.80

Q4 2024

Shares 288,968 Value ($000) $8,512 Avg Close $28.62 Range $24.26 - $32.69

Q3 2024

Shares 289,674 Value ($000) $8,011 Avg Close $24.40 Range $19.82 - $27.29

Q2 2024

Shares 285,356 Value ($000) $6,627 Avg Close $20.32 Range $18.47 - $23.48

Q1 2024

Shares 276,713 Value ($000) $6,169 Avg Close $20.12 Range $17.68 - $23.54

Q4 2023

Shares 265,327 Value ($000) $6,581 Avg Close $18.30 Range $15.52 - $25.81

Q3 2023

Shares 257,484 Value ($000) $4,514 Avg Close $18.51 Range $15.55 - $22.58

Q2 2023

Shares 256,081 Value ($000) $5,764 Avg Close $19.87 Range $16.05 - $22.71

Q1 2023

Shares 232,307 Value ($000) $5,650 Avg Close $23.52 Range $19.41 - $27.30

Q4 2022

Shares 221,179 Value ($000) $6 Avg Close $25.06 Range $22.39 - $27.41

Q3 2022

Shares 205,939 Value ($000) $5,533 Avg Close $26.33 Range $22.66 - $29.87

Q2 2022

Shares 202,542 Value ($000) $6,722 Avg Close $32.71 Range $28.14 - $36.97

Q1 2022

Shares 92,126 Value ($000) $3,330 Avg Close $29.08 Range $26.65 - $32.70

Q4 2021

Shares 88,598 Value ($000) $2,908 Avg Close $23.61 Range $19.43 - $28.77

Q3 2021

Shares 87,351 Value ($000) $1,956 Avg Close $19.27 Range $18.30 - $20.36

Q2 2021

Shares 85,835 Value ($000) $1,872 Avg Close $19.47 Range $18.16 - $21.84

Q1 2021

Shares 148,948 Value ($000) $3,744 Avg Close $20.76 Range $17.86 - $23.39

Q4 2020

Shares 151,500 Value ($000) $3,484 Avg Close $18.56 Range $16.42 - $20.89

Q3 2020

Shares 151,514 Value ($000) $3,031 Avg Close $17.76 Range $16.29 - $19.37

Q2 2020

Shares 149,903 Value ($000) $3,183 Avg Close $18.31 Range $15.12 - $24.33

Q1 2020

Shares 136,421 Value ($000) $3,534 Avg Close $22.55 Range $14.32 - $25.39

Q4 2019

Shares 129,356 Value ($000) $3,900 Avg Close $21.67 Range $20.44 - $26.03

Q3 2019

Shares 127,233 Value ($000) $3,302 Avg Close $21.69 Range $19.78 - $23.92

Q2 2019

Shares 125,456 Value ($000) $3,653 Avg Close $24.29 Range $22.09 - $25.74

Q1 2019

Shares 110,494 Value ($000) $3,325 Avg Close $25.16 Range $21.48 - $31.77

Q4 2018

Shares 87,938 Value ($000) $3,384 Avg Close $32.90 Range $27.77 - $37.64

Q3 2018

Shares 82,827 Value ($000) $3,527 Avg Close $35.48 Range $30.39 - $38.85

Q2 2018

Shares 78,291 Value ($000) $3,159 Avg Close $33.65 Range $30.96 - $39.84

Q1 2018

Shares 73,294 Value ($000) $2,958 Avg Close $31.01 Range $27.50 - $34.16

Q4 2017

Shares 72,061 Value ($000) $2,940 Avg Close $31.15 Range $27.30 - $34.85

Q3 2017

Shares 62,178 Value ($000) $2,266 Avg Close $25.60 Range $21.35 - $34.64

Q2 2017

Shares 10,881 Value ($000) $674 Avg Close $19.64 Range $16.49 - $25.45

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	301,252	$7,448	$24.70	$22.57 - $28.14
Q3 2025	298,850	$7,475	$25.30	$22.50 - $27.73
Q2 2025	299,470	$7,572	$23.36	$20.34 - $26.26
Q1 2025	294,943	$7,053	$24.80	$21.86 - $28.80
Q4 2024	288,968	$8,512	$28.62	$24.26 - $32.69
Q3 2024	289,674	$8,011	$24.40	$19.82 - $27.29
Q2 2024	285,356	$6,627	$20.32	$18.47 - $23.48
Q1 2024	276,713	$6,169	$20.12	$17.68 - $23.54
Q4 2023	265,327	$6,581	$18.30	$15.52 - $25.81
Q3 2023	257,484	$4,514	$18.51	$15.55 - $22.58
Q2 2023	256,081	$5,764	$19.87	$16.05 - $22.71
Q1 2023	232,307	$5,650	$23.52	$19.41 - $27.30
Q4 2022	221,179	$6	$25.06	$22.39 - $27.41
Q3 2022	205,939	$5,533	$26.33	$22.66 - $29.87
Q2 2022	202,542	$6,722	$32.71	$28.14 - $36.97
Q1 2022	92,126	$3,330	$29.08	$26.65 - $32.70
Q4 2021	88,598	$2,908	$23.61	$19.43 - $28.77
Q3 2021	87,351	$1,956	$19.27	$18.30 - $20.36
Q2 2021	85,835	$1,872	$19.47	$18.16 - $21.84
Q1 2021	148,948	$3,744	$20.76	$17.86 - $23.39
Q4 2020	151,500	$3,484	$18.56	$16.42 - $20.89
Q3 2020	151,514	$3,031	$17.76	$16.29 - $19.37
Q2 2020	149,903	$3,183	$18.31	$15.12 - $24.33
Q1 2020	136,421	$3,534	$22.55	$14.32 - $25.39
Q4 2019	129,356	$3,900	$21.67	$20.44 - $26.03
Q3 2019	127,233	$3,302	$21.69	$19.78 - $23.92
Q2 2019	125,456	$3,653	$24.29	$22.09 - $25.74
Q1 2019	110,494	$3,325	$25.16	$21.48 - $31.77
Q4 2018	87,938	$3,384	$32.90	$27.77 - $37.64
Q3 2018	82,827	$3,527	$35.48	$30.39 - $38.85
Q2 2018	78,291	$3,159	$33.65	$30.96 - $39.84
Q1 2018	73,294	$2,958	$31.01	$27.50 - $34.16
Q4 2017	72,061	$2,940	$31.15	$27.30 - $34.85
Q3 2017	62,178	$2,266	$25.60	$21.35 - $34.64
Q2 2017	10,881	$674	$19.64	$16.49 - $25.45