Cathay General Bancorp (CATY) vs Independent Bank Corp. (INDB)
A side-by-side comparison of Cathay General Bancorp and Independent Bank Corp. 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.
Total return — CATY vs INDB
growth of $100 · dividends reinvested · last 10yCATY vs INDB: by the numbers
- •CATY is the larger company ($4.05B vs $3.85B market cap).
- •CATY trades at the lower trailing earnings multiple (11.81 vs 14.40 P/E), one valuation lens rather than an overall verdict.
- •CATY converts more revenue to profit (24.97% vs 21.64% net margin).
- •INDB grew revenue faster over the past five years (20.53% vs 14.32% CAGR).
- •INDB pays the higher dividend yield (3.15% vs 2.45%).
Metrics side by side
Valuation
| Metric | CATY | INDB |
|---|---|---|
| P/E ratio | 11.81 | 14.40 |
| Forward P/E | 10.85 | 11.12 |
| PEG ratio | 1.23 | 3.51 |
| P/S ratio | 2.91 | 3.07 |
| P/B ratio | 1.33 | 1.10 |
Profitability
| Metric | CATY | INDB |
|---|---|---|
| Operating margin | 33.16% | 22.66% |
| Net margin | 24.97% | 21.64% |
| ROE | 11.40% | 7.73% |
Cathay General Bancorp: 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.
Independent Bank Corp.: 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 | CATY | INDB |
|---|---|---|
| Dividend yield | 2.45% | 3.15% |
| Payout ratio | 28.91% | 45.31% |
Growth (annualized)
| Metric | CATY | INDB |
|---|---|---|
| Revenue CAGR (5Y) | 14.32% | 20.53% |
| EPS CAGR (5Y) | 9.68% | 4.10% |
| Total return CAGR (5Y) | 10.99% | 4.05% |
Frequently asked
- Which has the lower trailing P/E, CATY or INDB?
- CATY has the lower trailing P/E: CATY trades at 11.81 and INDB at 14.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, CATY or INDB?
- Over the past five years, INDB grew revenue faster — CATY at a 14.32% CAGR versus INDB at 20.53%.
- Does CATY or INDB pay a bigger dividend?
- CATY yields 2.45% and INDB yields 3.15% based on trailing dividends and the latest price.
- Is CATY or INDB more profitable?
- CATY runs the higher net margin — CATY at 24.97% versus INDB at 21.64%.
- How have CATY and INDB total returns compared?
- Over the past 10 years, CATY delivered 10.27% and INDB delivered 7.05% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Cathay General Bancorp & Independent Bank appear in these rankings
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.