Independent Bank [INDB] vs U.S. Bancorp [USB] Detailed Stock Comparison

Independent Bank Corp.

NASDAQ
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U.S. Bancorp

NYSE
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TLDR: Quick Comparison Summary

Based on 19 vital metrics comparison: Independent Bank Corp. wins in 10 metrics, U.S. Bancorp wins in 9 metrics, with 0 ties. Independent Bank Corp. appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric Independent Bank Corp. U.S. Bancorp Better
P/E Ratio (TTM) 15.44 11.92 U.S. Bancorp
Price-to-Book Ratio 1.07 1.51 Independent Bank Corp.
Debt-to-Equity Ratio 0.22 1.21 Independent Bank Corp.
PEG Ratio 0.27 0.82 Independent Bank Corp.
Profit Margin (TTM) 27.46% 29.29% U.S. Bancorp
Operating Margin (TTM) 47.55% 37.84% Independent Bank Corp.
EBITDA Margin (TTM) 47.55% 37.84% Independent Bank Corp.
Return on Equity 7.32% 12.35% U.S. Bancorp
Return on Assets (TTM) 1.08% 1.14% U.S. Bancorp
Free Cash Flow (TTM) $239.03M $7.97B U.S. Bancorp
Dividend Yield 3.78% 3.82% U.S. Bancorp
1-Year Return 28.59% 25.83% Independent Bank Corp.
Price-to-Sales Ratio (TTM) 4.31 3.32 U.S. Bancorp
Enterprise Value $3.82B $126.46B U.S. Bancorp
EV/Revenue Ratio 4.36 4.75 Independent Bank Corp.
Revenue per Share (TTM) $18 $17 Independent Bank Corp.
Earnings per Share (Diluted) $5.03 $4.77 Independent Bank Corp.
Beta (Stock Volatility) 0.81 1.03 Independent Bank Corp.
Short % of Float 5.41% 0.00% U.S. Bancorp

Independent Bank Corp. vs U.S. Bancorp Stock Performance Analysis

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INDB
USB

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Independent Bank Corp.-3.01%-0.96%2.57%-0.96%8.01%8.13%
U.S. Bancorp-2.67%-1.12%-1.16%-0.05%9.90%1.24%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Independent Bank Corp.28.59%60.05%-2.73%61.75%182.43%142.13%
U.S. Bancorp25.83%72.81%-9.74%29.45%123.42%73.14%

Performance & Financial Health Analysis: Independent Bank Corp. vs U.S. Bancorp

MetricINDBUSB
Market Information
Market Cap i$3.80B$88.06B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i398,5219,829,002
90 Day Avg. Volume i357,82710,401,007
Last Close$76.74$53.14
52 Week Range$57.01 - $87.00$42.55 - $61.19
% from 52W High-11.79%-13.16%
All-Time High$99.85 (Mar 08, 2021)$63.57 (Jan 10, 2022)
% from All-Time High-23.14%-16.41%
Growth Metrics
Quarterly Revenue Growth0.52%0.05%
Quarterly Earnings Growth0.80%0.14%
Financial Health
Profit Margin (TTM) i0.27%0.29%
Operating Margin (TTM) i0.48%0.38%
Return on Equity (TTM) i0.07%0.12%
Debt to Equity (MRQ) i0.221.21
Cash & Liquidity
Book Value per Share (MRQ)$72.33$37.54
Cash per Share (MRQ)$15.01$31.14
Operating Cash Flow (TTM) i$213.83M$6.04B
Levered Free Cash Flow (TTM) i$205.12M$7.19B
Dividends
Last 12-Month Dividend Yield i3.78%3.82%
Last 12-Month Dividend i$2.93$2.04

Valuation & Enterprise Metrics Analysis: Independent Bank Corp. vs U.S. Bancorp

MetricINDB (Apr 24, 2026)USB (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i15.4411.92
Forward P/E i9.3210.09
PEG Ratio i0.270.82
Price to Sales (TTM) i4.313.32
Price to Book (MRQ) i1.071.51
Market Capitalization
Market Capitalization i$3.80B$88.06B
Enterprise Value i$3.82B$126.46B
Enterprise Value Metrics
Enterprise to Revenue i4.364.75
Enterprise to EBITDA iN/AN/A
Risk & Other Metrics
Beta i0.811.03
Book Value per Share (MRQ) i$72.33$37.54

Financial Statements Comparison: Independent Bank Corp. vs U.S. Bancorp

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricINDB (2025)USB (2025)
Revenue/Sales i849.03M28.54B
Cost of Goods Sold iN/AN/A
COGS % of Revenue i0.0%0.0%
Gross Profit iN/AN/A
Gross Margin i0.0%0.0%
Research & Development iN/AN/A
Operating Income (EBIT) iN/AN/A
Operating Margin i0.0%0.0%
EBITDA iN/AN/A
EBITDA Margin i0.0%0.0%
Pre-Tax Income i262.17M9.52B
Pre-Tax Income % of Revenue i30.9%33.3%
Income Tax i57.05M1.92B
Income Tax % of Revenue i6.7%6.7%
Net Income (Profit) i205.12M7.60B
Profit Margin i24.2%26.6%

Balance Sheet & Liquidity Metrics

MetricINDB (2025)USB (2025)
Cash & Equivalents i771.90M46.89B
Total Current Assets iN/AN/A
Total Current Assets % of Revenue i0.0%0.0%
Total Current Liabilities iN/AN/A
Total Current Liabilities % of Revenue i0.0%0.0%
Long-Term Debt i775.89M60.76B
Long-Term Debt % of Revenue i91.4%212.9%
Total Shareholders Equity i3.57B65.65B
Retained Earnings i1.27B80.91B
Retained Earnings % of Revenue i149.5%283.5%
Property, Plant & Equipment i32.65M1.51B

Cash Flow Statement Comparison

MetricINDB (2025)USB (2025)
Operating Cash Flow i213.83M6.04B
Operating Cash Flow % of Revenue i25.2%21.2%
Capital Expenditures i-11.84MN/A
Free Cash Flow i239.03M7.97B
FCF Margin i28.2%27.9%
Debt Repayment i-344.37M-9.05B
Common Stock Repurchase iN/A-489.00M

Short Interest & Institutional Ownership Analysis

MetricINDBUSB
Shares Short i1.96M27,002
Short Ratio i6.150.00
Short % of Float i5.41%0.00%
Shares Outstanding i48.57M1.56B
Float Shares i47.97M1.55B
% Held by Insiders i1.61%0.14%
% Held by Institutions i89.17%83.55%
% Held by Public i9.22%16.31%

Dividend Analysis & Yield Comparison: Independent Bank Corp. vs U.S. Bancorp

MetricINDBUSB
Last 12-Month Dividend i$2.93$2.04
Last 12-Month Dividend Yield i3.78%3.82%
3-Year Avg Annual Dividend i$2.46$1.98
3-Year Avg Dividend Yield i0.96%1.19%
3-Year Total Dividends i$7.39$5.95
Ex-Dividend DateDec 29, 2025Dec 31, 2025