StockData

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.

MetricFBPINDB
Size and price
Market cap$4.0B$4.0B
Share price$26.21$84.62
Change, 1 year28.9%21.4%
Change, 5 years83.2%−0.13%
Beta (5Y)0.850.69
Employees3,2182,294
StockData Score
Total score18 (better)15
Valuation score23 (better)
Growth score12 (better)
Performance score5 (better)4
Health score6 (better)3
Dividend score4 (better)3
Valuation
P/E11.1× (better)12.5×
P/S3.1× (better)3.9×
P/B2.1×1.2× (better)
P/FCF9.8× (better)11.3×
PEG1.05–
FCF yield10.2% (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 average9.3%12.3% (better)
Net income growth (TTM)10.4%81.8% (better)
EPS growth (TTM)15.0%64.2% (better)
EPS growth, 5Y average36.1% (better)4.1%
Profitability
Net margin28.4%32.0% (better)
FCF margin31.5%34.6% (better)
Return on equity19.4% (better)9.3%
Financial health
Debt / equity0.01–
Altman Z-score0.38 (better)0.23
Piotroski F-score7 (better)4
Dividends and buybacks
Dividend yield2.3%3.0% (better)
Payout ratio32.9%36.7%
Years of dividend growth8 (better)3
Dividend growth, 5Y average29.2%–
Buyback yield5.1%5.8% (better)
Shareholder yield7.4%8.8% (better)
Ownership
Held by institutions96.7%86.0%
Held by insiders2.5%1.6%
Insider net buying, 12 months−$2.4M−$1.4M (better)
Short interest, % of float4.6%4.0%

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For information only, not investment advice. Check the source filings before relying on any figure.