Financial Institutions, Inc. (FISI) vs Independent Bank Corporation (IBCP)
A side-by-side comparison of Financial Institutions, Inc. and Independent Bank Corporation 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 — FISI vs IBCP
growth of $100 · dividends reinvested · last 10yFISI vs IBCP: by the numbers
- •FISI is the larger company ($773M vs $737M market cap).
- •FISI trades at the lower trailing earnings multiple (9.72 vs 10.40 P/E), one valuation lens rather than an overall verdict.
- •FISI converts more revenue to profit (26.18% vs 22.71% net margin).
- •FISI grew revenue faster over the past five years (8.78% vs 7.43% CAGR).
- •FISI pays the higher dividend yield (3.20% vs 3.06%).
Metrics side by side
Valuation
| Metric | FISI | IBCP |
|---|---|---|
| P/E ratio | 9.72 | 10.40 |
| Forward P/E | 9.37 | 10.04 |
| PEG ratio | 1.03 | 1.97 |
| P/S ratio | 2.45 | 2.33 |
| P/B ratio | 1.23 | 1.40 |
Profitability
| Metric | FISI | IBCP |
|---|---|---|
| Operating margin | 24.17% | 26.72% |
| Net margin | 26.18% | 22.71% |
| ROE | 12.84% | 13.58% |
Financial Institutions, 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.
Independent Bank Corporation: 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 | FISI | IBCP |
|---|---|---|
| Dividend yield | 3.20% | 3.06% |
| Payout ratio | 31.44% | 31.98% |
Growth (annualized)
| Metric | FISI | IBCP |
|---|---|---|
| Revenue CAGR (5Y) | 8.78% | 7.43% |
| EPS CAGR (5Y) | 9.68% | 5.21% |
| Total return CAGR (5Y) | 10.04% | 14.52% |
Frequently asked
- Which has the lower trailing P/E, FISI or IBCP?
- FISI has the lower trailing P/E: FISI trades at 9.72 and IBCP at 10.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, FISI or IBCP?
- Over the past five years, FISI grew revenue faster — FISI at a 8.78% CAGR versus IBCP at 7.43%.
- Does FISI or IBCP pay a bigger dividend?
- FISI yields 3.20% and IBCP yields 3.06% based on trailing dividends and the latest price.
- Is FISI or IBCP more profitable?
- FISI runs the higher net margin — FISI at 26.18% versus IBCP at 22.71%.
- How have FISI and IBCP total returns compared?
- Over the past 10 years, FISI delivered 8.47% and IBCP delivered 11.85% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Financial Institutions & 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.