Independent Bank Corp. (IBCP) vs South Plains Financial, Inc. (SPFI)
- Independent Bank Corp. IBCP 35.60 +0.88%
- South Plains Financial, Inc. SPFI 43.60 +1.51%
Independent Bank Corp. and South Plains Financial, Inc. are both Banks Regional companies. Independent Bank Corp. and South Plains Financial, Inc. are of similar size ($809.1M and $783.4M). Independent Bank Corp. trades at the lower P/E: 10.2× against 11.4×. South Plains Financial, Inc. grew revenue faster over the last twelve months: 6.59% against 0.86%. Independent Bank Corp. has the higher net margin (22.3% vs 20.8%) and the higher return on invested capital (10.0% vs 0.00%). Both pay a dividend; Independent Bank Corp. yields more (3.09% vs 1.56%). Across the 19 metrics below, South Plains Financial, Inc. leads on 10 and Independent Bank Corp. on 9.
Valuation
Profitability
| Metric | IBCP | SPFI | Banks Regional median |
|---|---|---|---|
| Gross margin | 73.96% | 72.40% | 69.55% |
| Operating margin | 0.00% | 0.00% | 0.00% |
| Net margin | 22.32% | 20.79% | 18.66% |
| Free cash flow margin | 11.86% | 24.14% | 21.11% |
| Return on equity | 14.38% | 12.01% | 10.65% |
| Return on assets | 1.29% | 1.33% | 1.13% |
| Return on invested capital | 10.04% | 0.00% | 8.35% |
Growth
Health
Dividend
Size
Any metric, up to five companies and an Excel export Powerpack