Capitol Federal Financial (CFFN) vs Farmers & Merchants Bancorp (FMAO)
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 Capitol Federal Financial (CFFN) over the past year, gaining 40.9% versus a gain of 33.8%. Over five years, FMAO leads with a +45.1% price change compared with -29.2% for CFFN. Capitol Federal Financial is the larger company by market cap ($1.04 billion vs $475.9 million), about 2.2 times the size.
On valuation, Farmers & Merchants Bancorp trades at a lower forward P/E (10.6x vs 10.8x for Capitol Federal Financial). Capitol Federal Financial offers the higher dividend yield (4.05% vs 2.66%).
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 | CFFN | FMAO |
|---|---|---|
| Share price | $8.39 | $34.55 |
| Market cap | $1.04B | $475.86M |
| 1-day change | -0.94% | -1.45% |
| YTD return | +23.20% | +39.77% |
| 1-year return | +33.81% | +40.91% |
| 5-year return | -29.20% | +45.11% |
| P/E ratio (TTM) | 12.91 | 11.87 |
| Forward P/E | 10.83 | 10.57 |
| EPS (TTM) | $0.65 | $2.91 |
| Dividend yield | 4.05% | 2.66% |
| Annual dividend | $0.34 | $0.918 |
| 52-week high | $9.26 | $36.12 |
| 52-week low | $5.97 | $22.77 |
| Distance from 52-week high | -9.40% | -4.35% |
| Analyst consensus | none | none |
| Avg. price target upside | +13.23% | +4.20% |
| Average volume | 907.99K | 63.45K |
| Shares outstanding | 123.37M | 13.77M |
| Employees | 604 | 477 |
| 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
- Capitol Federal Financial is about 2.2 times larger than Farmers & Merchants Bancorp by market value ($1.04B vs $475.86M).
- Capitol Federal Financial offers a meaningfully higher dividend yield (4.05% vs 2.66%).
About Capitol Federal Financial
CFFN stock →Capitol Federal Financial, Inc. operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States.
Finance · Savings Institutions · 604 employees
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
CFFN vs FMAO FAQ
Which is bigger, Capitol Federal Financial or Farmers & Merchants Bancorp?
Capitol Federal Financial (CFFN) is larger, with a market capitalization of $1.04B compared with $475.86M for Farmers & Merchants Bancorp (FMAO).
Which stock has performed better over the past year, CFFN or FMAO?
FMAO returned +40.91% over the past 12 months, compared with +33.81% for CFFN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CFFN or FMAO?
FMAO has the lower trailing P/E at 11.9, versus 12.9 for CFFN. 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, Capitol Federal Financial or Farmers & Merchants Bancorp?
Capitol Federal Financial has the higher yield at 4.05%, compared with 2.66% for Farmers & Merchants Bancorp.
Are Capitol Federal Financial and Farmers & Merchants Bancorp in the same industry?
Yes. Both are classified in the Savings Institutions industry within the Finance sector.