Which has the lower trailing P/E, BWFG or FMAO?

FMAO has the lower trailing P/E: BWFG trades at 12.26 and FMAO at 12.14. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, BWFG or FMAO?

Over the past five years, BWFG grew revenue faster — BWFG at a 21.58% CAGR versus FMAO at 17.50%.

Does BWFG or FMAO pay a bigger dividend?

BWFG yields 1.21% and FMAO yields 2.59% based on trailing dividends and the latest price.

Is BWFG or FMAO more profitable?

FMAO runs the higher net margin — BWFG at 19.78% versus FMAO at 20.53%.

How have BWFG and FMAO total returns compared?

Over the past 10 years, BWFG delivered 13.12% and FMAO delivered 11.24% annualized total return. Past performance doesn't predict future results.

Bankwell Financial Group, Inc. (BWFG) vs Farmers & Merchants Bancorp, Inc. (FMAO)

A side-by-side comparison of Bankwell Financial Group, Inc. and Farmers & Merchants Bancorp, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

BWFG

Bankwell Financial Group, Inc.

$525M

$65.83Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

FMAO

Farmers & Merchants Bancorp, Inc.

$487M

$35.34Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — BWFG vs FMAO

growth of $100 · dividends reinvested · last 10y

BWFG +241.0% (+13.1%/yr)FMAO +196.5% (+11.5%/yr)BWFG compounded faster over this window

BWFG FMAO

BWFG vs FMAO: by the numbers

•BWFG is the larger company ($525M vs $487M market cap).
•FMAO trades at the lower trailing earnings multiple (12.14 vs 12.26 P/E), one valuation lens rather than an overall verdict.
•FMAO converts more revenue to profit (20.53% vs 19.78% net margin).
•BWFG grew revenue faster over the past five years (21.58% vs 17.50% CAGR).
•FMAO pays the higher dividend yield (2.59% vs 1.21%).

Metrics side by side

Valuation

Metric	BWFG	FMAO
P/E ratio	12.26	12.14
Forward P/E	11.41	11.14
PEG ratio	0.29	N/A
P/S ratio	2.42	2.50
P/B ratio	1.62	1.26

Profitability

Metric	BWFG	FMAO
Operating margin	26.96%	26.25%
Net margin	19.78%	20.53%
ROE	13.25%	10.40%

Bankwell Financial Group, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Farmers & Merchants Bancorp, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	BWFG	FMAO
Dividend yield	1.21%	2.59%
Payout ratio	14.90%	31.53%

Growth (annualized)

Metric	BWFG	FMAO
Revenue CAGR (5Y)	21.58%	17.50%
EPS CAGR (5Y)	43.04%	N/A
Total return CAGR (5Y)	20.07%	12.50%

Frequently asked

Which has the lower trailing P/E, BWFG or FMAO?: FMAO has the lower trailing P/E: BWFG trades at 12.26 and FMAO at 12.14. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, BWFG or FMAO?: Over the past five years, BWFG grew revenue faster — BWFG at a 21.58% CAGR versus FMAO at 17.50%.
Does BWFG or FMAO pay a bigger dividend?: BWFG yields 1.21% and FMAO yields 2.59% based on trailing dividends and the latest price.
Is BWFG or FMAO more profitable?: FMAO runs the higher net margin — BWFG at 19.78% versus FMAO at 20.53%.
How have BWFG and FMAO total returns compared?: Over the past 10 years, BWFG delivered 13.12% and FMAO delivered 11.24% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BWFG analysis Full FMAO analysis Interactive comparison tool

Dig into the metrics

Bankwell Financial P/E ratio Farmers & Merchants Bancorp P/E ratio Bankwell Financial dividend yield Farmers & Merchants Bancorp dividend yield Bankwell Financial ROE Farmers & Merchants Bancorp ROE Bankwell Financial operating margin Farmers & Merchants Bancorp operating margin Bankwell Financial revenue growth Farmers & Merchants Bancorp revenue growth

Bankwell Financial & Farmers & Merchants Bancorp appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.