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Screener Weekly Summary Pricing

Independent Bank Corp. (IBCP) vs VersaBank (VBNK)

Independent Bank Corp. and VersaBank are both Banks Regional companies. Independent Bank Corp. and VersaBank are of similar size ($790.7M and $755.7M). Independent Bank Corp. trades at the lower P/E: 10.3× against 30.8×. VersaBank grew revenue faster over the last twelve months: 14.5% against 0.86%. Independent Bank Corp. has the higher net margin (22.3% vs 9.94%) and the lower return on invested capital (10.0% vs 41.3%). Both pay a dividend; Independent Bank Corp. yields more (4.05% vs 0.62%). Across the 20 metrics below, Independent Bank Corp. leads on 13 and VersaBank on 7.

Valuation

Metric IBCP VBNK Banks Regional median
P/E 10.30 30.80 12.15
P/S 2.30 3.07 2.37
P/B 1.40 1.87 1.21
Price to free cash flow 19.36 107.29 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.30 1.64 2.27
Earnings yield 9.71% 3.25% 8.11%
Free cash flow yield 5.16% 0.93% 8.98%

Profitability

Metric IBCP VBNK Banks Regional median
Gross margin 73.96% 43.56% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 22.32% 9.94% 18.66%
Free cash flow margin 11.86% 2.86% 21.18%
Return on equity 14.38% 6.20% 10.64%
Return on assets 1.29% 0.55% 1.13%
Return on invested capital 10.04% 41.26% 8.33%

Growth

Metric IBCP VBNK Banks Regional median
Revenue growth (TTM) 0.86% 14.54% 6.61%
EPS growth (last fiscal year) 3.48% (41.28%) —
Revenue growth, 5-year CAGR 7.41% 27.64% 12.30%
Net income growth, 5-year CAGR 4.07% 9.64% 9.71%

Health

Metric IBCP VBNK Banks Regional median
Debt to equity 0.32 0.00 0.22
Current ratio 0.95 1.11 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric IBCP VBNK Banks Regional median
Dividend yield 4.05% 0.62% 3.75%
Payout ratio 0.32 0.08 0.27

Size

Metric IBCP VBNK Banks Regional median
Market cap 790.74m 755.71m 921.07m

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