Independent Bank Corp. (INDB) vs Texas Capital Bancshares, Inc. (TCBI)
A side-by-side comparison of Independent Bank Corp. and Texas Capital Bancshares, Inc. 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 — INDB vs TCBI
growth of $100 · dividends reinvested · last 10yINDB vs TCBI: by the numbers
- •TCBI is the larger company ($4.07B vs $3.83B market cap).
- •TCBI trades at the lower trailing earnings multiple (12.27 vs 14.34 P/E), one valuation lens rather than an overall verdict.
- •INDB converts more revenue to profit (21.64% vs 18.58% net margin).
- •INDB grew revenue faster over the past five years (20.53% vs 12.88% CAGR).
- •INDB pays the higher dividend yield (3.15% vs 0.43%).
Metrics side by side
Valuation
| Metric | INDB | TCBI |
|---|---|---|
| P/E ratio | 14.34 | 12.27 |
| Forward P/E | 11.08 | 12.70 |
| PEG ratio | 3.50 | 0.28 |
| P/S ratio | 3.06 | 2.07 |
| P/B ratio | 1.09 | 1.22 |
Profitability
| Metric | INDB | TCBI |
|---|---|---|
| Operating margin | 22.66% | 24.85% |
| Net margin | 21.64% | 18.58% |
| ROE | 7.73% | 10.00% |
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.
Texas Capital Bancshares, 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.
Dividends
| Metric | INDB | TCBI |
|---|---|---|
| Dividend yield | 3.15% | 0.43% |
| Payout ratio | 45.31% | 5.24% |
Growth (annualized)
| Metric | INDB | TCBI |
|---|---|---|
| Revenue CAGR (5Y) | 20.53% | 12.88% |
| EPS CAGR (5Y) | 4.10% | 43.74% |
| Total return CAGR (5Y) | 4.05% | 8.68% |
Frequently asked
- Which has the lower trailing P/E, INDB or TCBI?
- TCBI has the lower trailing P/E: INDB trades at 14.34 and TCBI at 12.27. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, INDB or TCBI?
- Over the past five years, INDB grew revenue faster — INDB at a 20.53% CAGR versus TCBI at 12.88%.
- Does INDB or TCBI pay a bigger dividend?
- INDB yields 3.15% and TCBI yields 0.43% based on trailing dividends and the latest price.
- Is INDB or TCBI more profitable?
- INDB runs the higher net margin — INDB at 21.64% versus TCBI at 18.58%.
- How have INDB and TCBI total returns compared?
- Over the past 10 years, INDB delivered 7.05% and TCBI delivered 5.03% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Independent Bank & Texas Capital Bancshares 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.