First BanCorp vs Independent Bank
FBP and INDB side by side, both in commercial banks. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How FBP and INDB compare
First BanCorp and Independent Bank are about the same size, with market caps of $4.0B and $4.0B.
On earnings, First BanCorp is cheaper: it trades at 11.1× trailing earnings, against 12.5× for Independent Bank.
Independent Bank grew revenue faster over the last twelve months (30.9% versus 1.7% for First BanCorp).
Independent Bank keeps more of each dollar of sales as profit, with a net margin of 32.0% compared with 28.4% at First BanCorp.
Both pay dividends: First BanCorp yields 2.3% and Independent Bank 3.0%.
First BanCorp scores higher on the StockData Score (18 against 15 for Independent Bank), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | FBP | INDB |
|---|---|---|
| Size and price | ||
| Market cap | $4.0B | $4.0B |
| Share price | $26.21 | $84.62 |
| Change, 1 year | 28.9% | 21.4% |
| Change, 5 years | 83.2% | −0.13% |
| Beta (5Y) | 0.85 | 0.69 |
| Employees | 3,218 | 2,294 |
| StockData Score | ||
| Total score | 18 (better) | 15 |
| Valuation score | 2 | 3 (better) |
| Growth score | 1 | 2 (better) |
| Performance score | 5 (better) | 4 |
| Health score | 6 (better) | 3 |
| Dividend score | 4 (better) | 3 |
| Valuation | ||
| P/E | 11.1× (better) | 12.5× |
| P/S | 3.1× (better) | 3.9× |
| P/B | 2.1× | 1.2× (better) |
| P/FCF | 9.8× (better) | 11.3× |
| PEG | 1.05 | – |
| FCF yield | 10.2% (better) | 8.8% |
| Fair value | $22.95 | $87.60 |
| Margin of safety | −14.2% | 3.4% (better) |
| Growth | ||
| Revenue growth (TTM) | 1.7% | 30.9% (better) |
| Revenue growth, 5Y average | 9.3% | 12.3% (better) |
| Net income growth (TTM) | 10.4% | 81.8% (better) |
| EPS growth (TTM) | 15.0% | 64.2% (better) |
| EPS growth, 5Y average | 36.1% (better) | 4.1% |
| Profitability | ||
| Net margin | 28.4% | 32.0% (better) |
| FCF margin | 31.5% | 34.6% (better) |
| Return on equity | 19.4% (better) | 9.3% |
| Financial health | ||
| Debt / equity | 0.01 | – |
| Altman Z-score | 0.38 (better) | 0.23 |
| Piotroski F-score | 7 (better) | 4 |
| Dividends and buybacks | ||
| Dividend yield | 2.3% | 3.0% (better) |
| Payout ratio | 32.9% | 36.7% |
| Years of dividend growth | 8 (better) | 3 |
| Dividend growth, 5Y average | 29.2% | – |
| Buyback yield | 5.1% | 5.8% (better) |
| Shareholder yield | 7.4% | 8.8% (better) |
| Ownership | ||
| Held by institutions | 96.7% | 86.0% |
| Held by insiders | 2.5% | 1.6% |
| Insider net buying, 12 months | −$2.4M | −$1.4M (better) |
| Short interest, % of float | 4.6% | 4.0% |
Go deeper
- FBP stock overview
- FBP income statement
- FBP valuation and score
- INDB stock overview
- INDB income statement
- INDB valuation and score
For information only, not investment advice. Check the source filings before relying on any figure.