International Bancshares Corporation (IBOC) vs Independent Bank Corp. (INDB)
A side-by-side comparison of International Bancshares Corporation 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 — IBOC vs INDB
growth of $100 · dividends reinvested · last 10yIBOC vs INDB: by the numbers
- •IBOC is the larger company ($4.32B vs $3.85B market cap).
- •IBOC trades at the lower trailing earnings multiple (10.48 vs 14.41 P/E), one valuation lens rather than an overall verdict.
- •IBOC converts more revenue to profit (38.81% vs 21.64% net margin).
- •INDB grew revenue faster over the past five years (20.53% vs 11.84% CAGR).
- •INDB pays the higher dividend yield (3.15% vs 2.10%).
Metrics side by side
Valuation
| Metric | IBOC | INDB |
|---|---|---|
| P/E ratio | 10.48 | 14.41 |
| Forward P/E | 10.87 | 11.13 |
| PEG ratio | 0.51 | 3.51 |
| P/S ratio | 4.06 | 3.07 |
| P/B ratio | 1.28 | 1.10 |
Profitability
| Metric | IBOC | INDB |
|---|---|---|
| Operating margin | 49.20% | 22.66% |
| Net margin | 38.81% | 21.64% |
| ROE | 12.24% | 7.73% |
International Bancshares 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.
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 | IBOC | INDB |
|---|---|---|
| Dividend yield | 2.10% | 3.15% |
| Payout ratio | 22.02% | 45.31% |
Growth (annualized)
| Metric | IBOC | INDB |
|---|---|---|
| Revenue CAGR (5Y) | 11.84% | 20.53% |
| EPS CAGR (5Y) | 20.28% | 4.10% |
| Total return CAGR (5Y) | 12.56% | 4.05% |
Frequently asked
- Which has the lower trailing P/E, IBOC or INDB?
- IBOC has the lower trailing P/E: IBOC trades at 10.48 and INDB at 14.41. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, IBOC or INDB?
- Over the past five years, INDB grew revenue faster — IBOC at a 11.84% CAGR versus INDB at 20.53%.
- Does IBOC or INDB pay a bigger dividend?
- IBOC yields 2.10% and INDB yields 3.15% based on trailing dividends and the latest price.
- Is IBOC or INDB more profitable?
- IBOC runs the higher net margin — IBOC at 38.81% versus INDB at 21.64%.
- How have IBOC and INDB total returns compared?
- Over the past 10 years, IBOC delivered 11.61% and INDB delivered 7.05% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
International Bancshares & 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.