Independent Bank Corporation (IBCP) vs Peapack-Gladstone Financial Corporation (PGC)
A side-by-side comparison of Independent Bank Corporation and Peapack-Gladstone Financial 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 — IBCP vs PGC
growth of $100 · dividends reinvested · last 10yIBCP vs PGC: by the numbers
- •PGC is the larger company ($786M vs $741M market cap).
- •IBCP trades at the lower trailing earnings multiple (10.45 vs 15.40 P/E), one valuation lens rather than an overall verdict.
- •IBCP converts more revenue to profit (22.71% vs 11.11% net margin).
- •PGC grew revenue faster over the past five years (15.56% vs 7.43% CAGR).
- •IBCP pays the higher dividend yield (3.06% vs 0.45%).
Metrics side by side
Valuation
| Metric | IBCP | PGC |
|---|---|---|
| P/E ratio | 10.45 | 15.40 |
| Forward P/E | 10.09 | 12.24 |
| PEG ratio | 1.98 | 1.71 |
| P/S ratio | 2.34 | 1.68 |
| P/B ratio | 1.40 | 1.15 |
Profitability
| Metric | IBCP | PGC |
|---|---|---|
| Operating margin | 26.72% | 15.54% |
| Net margin | 22.71% | 11.11% |
| ROE | 13.58% | 7.25% |
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.
Peapack-Gladstone Financial 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 | IBCP | PGC |
|---|---|---|
| Dividend yield | 3.06% | 0.45% |
| Payout ratio | 31.98% | 6.94% |
Growth (annualized)
| Metric | IBCP | PGC |
|---|---|---|
| Revenue CAGR (5Y) | 7.43% | 15.56% |
| EPS CAGR (5Y) | 5.21% | 8.81% |
| Total return CAGR (5Y) | 14.52% | 6.40% |
Frequently asked
- Which has the lower trailing P/E, IBCP or PGC?
- IBCP has the lower trailing P/E: IBCP trades at 10.45 and PGC at 15.40. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, IBCP or PGC?
- Over the past five years, PGC grew revenue faster — IBCP at a 7.43% CAGR versus PGC at 15.56%.
- Does IBCP or PGC pay a bigger dividend?
- IBCP yields 3.06% and PGC yields 0.45% based on trailing dividends and the latest price.
- Is IBCP or PGC more profitable?
- IBCP runs the higher net margin — IBCP at 22.71% versus PGC at 11.11%.
- How have IBCP and PGC total returns compared?
- Over the past 10 years, IBCP delivered 11.85% and PGC delivered 7.89% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Independent Bank & Peapack-Gladstone Financial 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.