Federal Home Loan Bank Of Cincinnati's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Federal Home Loan Bank Of Cincinnati (FHLBCI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Federal Home Loan Bank Of Cincinnati vs Its Competitors
- TTM: Trailing 12-month revenue of 733M vs 31,001M combined for tracked competitors (2.3% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-1.0% annualized vs trailing 12 months), vs accelerating (+3.1%) for its tracked peer group.
- Growth: Federal Home Loan Bank Of Cincinnati generated -10.6% revenue growth year over year in Q2 2026, vs -5.1% for its tracked competitors combined.
- Profitability: Its 70.5% net margin compares with 63.2% for the peer group.
- Peer revenue share: Federal Home Loan Bank Of Cincinnati accounted for 2.2% of combined revenue among its tracked peer group, down from 2.4% a year earlier.
- Peer differentiation: Revenue per employee of $2.66M compares with $4.74M for the peer group (0.6x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FHLBCI Sales vs. its Competitors, Q2 2026
Federal Home Loan Bank Of Cincinnati reported revenue contraction of 10.63 % year on year in Q2 2026, below its competitors' combined revenue change of -5.13 %.
With a net margin of 70.47 %, Federal Home Loan Bank Of Cincinnati achieved higher profitability than its competitors (63.20 %).
Federal Home Loan Bank Of Cincinnati generated 2.22 % of the combined sales of its peer group, down from 2.35 % a year earlier.
Federal Home Loan Bank Of Cincinnati vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Federal Home Loan Bank Of Cincinnati and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Federal Home Loan Bank Of Cincinnati | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Federal Home Loan Bank Of Cincinnati's competitor groups requires a Commercial License.
For context: the Miscellaneous Financial Services industry grew revenue 304.0% year over year, combined, vs -10.6% for Federal Home Loan Bank Of Cincinnati. Federal Home Loan Bank Of Cincinnati's share of combined industry revenue moved from 0.25% to 0.06%, a loss of 0.19 percentage points.
Federal Home Loan Bank Of Cincinnati's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Federal Home Loan Bank Of Cincinnati | Yes | No | No | Yes |
| Competitors combined (15) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FHLBCI Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Financial Institutions Inc | 282.9% | Outperformed |
| 2 | S and t Bancorp Inc | 282.9% | Outperformed |
| 3 | Waterstone Financial Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Federal Home Loan Bank Of Cincinnati's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Federal Home Loan Bank Of Cincinnati's Comment on Competition and Industry Peers
Publicly Traded Peers of Federal Home Loan Bank Of Cincinnati
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Federal Home Loan Bank Of Cincinnati | - | 732.95 |
| Federal National Mortgage Association Fannie Mae | 24,868.46 | 30,982.00 |
| Federal Home Loan Mortgage Corporation | 12,644.94 | 23,534.00 |
| S and t Bancorp Inc | 1,741.83 | 404.69 |
| Federal Agricultural Mortgage Corporation | 1,595.08 | 410.77 |
| Financial Institutions Inc | 777.30 | 243.46 |
| SUBTOTAL | 41,965.45 | 62,715.69 |
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Sources: Federal Home Loan Bank Of Cincinnati's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Federal Home Loan Bank Of Cincinnati versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Federal Home Loan Bank Of Cincinnati's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| commercial banks | Named by the company | 85% |
| investment banking divisions of commercial banks | Named by the company | 85% |
| federal government | Named by the company | 85% |
| brokered deposits | Named by the company | 85% |
| other FHLBanks | Named by the company | 85% |
| FHLBanks | Named by the company | 85% |
| Partners Bancorp | Named by the company | 85% |
| S and t Bancorp Inc | Named by the company | 85% |
| Financial Institutions Inc | Named by the company | 85% |
| Waterstone Financial Inc | Named by the company | 85% |
| Codorus Valley Bancorp Inc | Named by the company | 85% |
| Federal Home Loan Bank Of Dallas | Named by the company | 85% |
| Federal Home Loan Bank Of Atlanta | Named by the company | 85% |
| Federal Home Loan Mortgage Corporation | Named by the company | 85% |
| Federal Home Loan Bank Of Pittsburgh | Named by the company | 85% |
| Federal Home Loan Bank Of Boston | Named by the company | 85% |
| Federal Home Loan Bank Of Chicago | Named by the company | 85% |
| Federal Home Loan Bank Of Des Moines | Named by the company | 85% |
| Federal Home Loan Bank Of Indianapolis | Named by the company | 85% |
| Federal National Mortgage Association Fannie Mae | Named by the company | 85% |
| Federal Home Loan Bank Of Topeka | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Federal Home Loan Bank Of Cincinnati's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
Federal Home Loan Bank Of Cincinnati's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Federal Home Loan Bank Of Cincinnati | - | 2,655,630 | 1,844,388 |
| Federal National Mortgage Association Fannie Mae | 24,868 | 77,261,845 | 35,967,581 |
| Federal Home Loan Mortgage Corporation | 12,645 | 3,199,728 | 1,760,163 |
| S and t Bancorp Inc | 1,742 | 334,728 | 116,331 |
| Federal Agricultural Mortgage Corporation | 1,595 | 1,937,585 | 1,080,193 |
| Financial Institutions Inc | 777 | 385,837 | 130,945 |
| PEERS TOTAL | 41,965 | 4,741,279 | 2,491,136 |
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Federal Home Loan Bank Of Cincinnati's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Financial Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (80 companies). See the full Miscellaneous Financial Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 53.40 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 621.48 % | 2.13 % (avg) | +619.3 pp |
| Capital Intensity (Capex / Revenue) | 1.52 % | 4.86 % (avg) | -3.3 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Federal Home Loan Bank Of Cincinnati's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2017 | 2018 | 2019 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Growth | 4.39 % | 8.04 % | -14.32 % | -3.78 % | -4.13 % |
| Operating Margin | 81.58 % | 81.65 % | 77.57 % | 80.89 % | 79.78 % |
| Return on Invested Capital | 0.32 % | 0.35 % | 0.30 % | 0.51 % | 0.45 % |
| P/E | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Federal Home Loan Bank Of Cincinnati's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 1.52 % vs industry average 4.86 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Federal Home Loan Bank Of Cincinnati's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Federal Home Loan Bank Of Cincinnati's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Federal Home Loan Bank Of Cincinnati's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Federal Home Loan Bank Of Cincinnati falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Federal Home Loan Bank Of Cincinnati's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Return on equity 14.2 points above the industry aggregate.
Weaknesses
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (53.80 %) show financial-distress signals, a possible opening to gain share.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Federal Home Loan Bank Of Cincinnati's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Federal Home Loan Bank Of Cincinnati | 9.88 | 95.77 | 11.51 |
| Federal National Mortgage Association Fannie Mae | 1.52 | 353.24 | 1.24 |
| Federal Home Loan Mortgage Corporation | 0.04 | 111.77 | 13.68 |
| S and t Bancorp Inc | 0.04 | 2.09 | 0.16 |
| Federal Agricultural Mortgage Corporation | - | 0.59 | 6.84 |
| Financial Institutions Inc | 0.01 | 1.33 | 0.37 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Federal Home Loan Bank Of Cincinnati's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Federal Home Loan Bank Of Cincinnati | Q2 2026 | -10.6 % | -14.3 % |
| Federal National Mortgage Association Fannie Mae | Q1 2026 | +3.0 % | +1.6 % |
| Federal Home Loan Mortgage Corporation | Q2 2026 | -10.6 % | +60.8 % |
| S and t Bancorp Inc | Q2 2026 | +6.1 % | +14.9 % |
| Federal Agricultural Mortgage Corporation | Q2 2026 | +24.3 % | +22.1 % |
| Financial Institutions Inc | Q2 2026 | +7.0 % | +20.8 % |
| PEERS TOTAL | -1.5 % | +20.5 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Federal Home Loan Bank Of Cincinnati's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Federal Home Loan Bank Of Cincinnati | Q2 2026 | - | +25.2 % |
| Federal National Mortgage Association Fannie Mae | Q1 2026 | - | - |
| Federal Home Loan Mortgage Corporation | Q2 2026 | - | - |
| S and t Bancorp Inc | Q2 2026 | - | -28.8 % |
| Federal Agricultural Mortgage Corporation | Q2 2026 | -9.0 % | - |
| Financial Institutions Inc | Q2 2026 | +21.3 % | -46.9 % |
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Federal Home Loan Bank Of Cincinnati's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Federal Home Loan Bank Of Cincinnati | 0.37% | 0.37% | 7.30% |
| Federal National Mortgage Association Fannie Mae | 0.33% | 0.33% | 13.45% |
| Federal Home Loan Mortgage Corporation | 0.37% | 0.37% | 17.88% |
| S and t Bancorp Inc | 1.42% | 3.71% | 9.74% |
| Federal Agricultural Mortgage Corporation | 0.63% | 0.63% | 13.13% |
| Financial Institutions Inc | 1.31% | 3.75% | 13.09% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Federal Home Loan Bank Of Cincinnati's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Federal Home Loan Bank Of Cincinnati | - | - |
| Federal National Mortgage Association Fannie Mae | 149.78 | 0.80 |
| Federal Home Loan Mortgage Corporation | - | 0.54 |
| S and t Bancorp Inc | 12.90 | 4.30 |
| Federal Agricultural Mortgage Corporation | 7.31 | 3.88 |
| Financial Institutions Inc | 9.53 | 3.19 |
| PEERS AVERAGE | 1.27 | 0.67 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.