Independent Bank Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 20, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Cap	3,659	3,599	2,728	2,821	3,853	3,860
Market Cap Growth	35.26%	31.91%	-3.31%	-26.78%	-0.18%	60.33%
Enterprise Value	3,814	3,958	2,791	2,934	3,966	3,973
Last Close Price	74.70	73.08	64.19	65.81	84.43	81.53
PE Ratio	16.82	16.46	14.20	12.14	14.84	23.50
Forward PE	10.26	10.48	13.00	13.79	12.73	18.10
PEG Ratio	-	3.23	3.23	3.23	3.23	3.23
PS Ratio	4.62	4.54	4.17	3.99	5.34	7.89
PB Ratio	1.03	1.01	0.91	0.97	1.33	1.28
P/TBV Ratio	0.97	0.95	0.91	1.00	1.36	0.94
P/FCF Ratio	15.31	15.06	13.02	10.80	9.65	23.39
P/OCF Ratio	14.57	14.33	11.87	10.19	9.15	20.29
EV/Sales Ratio	4.82	5.00	4.27	4.15	5.50	8.12
EV/EBITDA Ratio	-	93.92	68.26	81.28	102.23	121.04
EV/FCF Ratio	15.96	16.56	13.32	11.24	9.94	24.08
Debt / Equity Ratio	0.10	0.10	0.02	0.04	0.04	0.04
Debt / EBITDA Ratio	8.53	8.53	1.54	3.13	2.91	3.43
Debt / FCF Ratio	1.50	1.50	0.30	0.43	0.28	0.68
Net Debt / Equity Ratio	0.10	0.10	0.02	0.04	0.04	0.04
Net Debt / EBITDA Ratio	8.53	8.53	1.54	3.13	2.91	3.43
Net Debt / FCF Ratio	1.50	1.50	0.30	0.43	0.28	0.68
Asset Turnover	0.04	0.04	0.03	0.04	0.04	0.03
Return on Equity (ROE)	6.25%	6.25%	6.52%	8.28%	8.94%	5.13%
Earnings Yield	5.61%	6.08%	7.04%	8.24%	6.74%	4.26%
FCF Yield	6.53%	6.64%	7.68%	9.26%	10.36%	4.27%
Dividend Yield	3.16%	3.08%	3.53%	3.37%	2.39%	2.21%
Payout Ratio	53.15%	50.65%	50.08%	40.92%	35.53%	51.85%
Buyback Yield / Dilution	1.62%	1.62%	1.01%	6.60%	3.57%	-0.05%
Total Shareholder Return	4.78%	4.70%	4.54%	9.97%	5.96%	2.15%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q