First Busey (BUSE) vs Independent Bank (INDB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
First Busey (BUSE) has outperformed Independent Bank (INDB) over the past year, gaining 25.0% versus a gain of 11.0%. Over five years, BUSE leads with a +14.1% price change compared with -4.1% for INDB. Independent Bank is the larger company by market cap ($3.65 billion vs $2.41 billion), about 1.5 times the size.
On valuation, Independent Bank trades at a lower forward P/E (9.4x vs 10.7x for First Busey). First Busey offers the higher dividend yield (3.49% vs 3.19%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | BUSE | INDB |
|---|---|---|
| Share price | $29.22 | $77.12 |
| Market cap | $2.41B | $3.65B |
| 1-day change | +0.86% | -1.39% |
| YTD return | +22.82% | +5.53% |
| 1-year return | +25.03% | +10.96% |
| 5-year return | +14.10% | -4.10% |
| P/E ratio (TTM) | 12.07 | 13.82 |
| Forward P/E | 10.66 | 9.36 |
| EPS (TTM) | $2.42 | $5.58 |
| Dividend yield | 3.49% | 3.19% |
| Annual dividend | $1.02 | $2.46 |
| Revenue (latest FY) | — | $857.52M |
| Revenue growth (YoY) | — | +24.32% |
| Net income (latest FY) | — | $205.12M |
| Net margin | — | 23.92% |
| 52-week high | $31.70 | $87.50 |
| 52-week low | $22.00 | $63.33 |
| Distance from 52-week high | -7.82% | -11.86% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +10.99% | +21.15% |
| Average volume | 776.19K | 358.03K |
| Shares outstanding | 82.58M | 47.37M |
| Employees | 1,833 | 2,294 |
| Sector | Financial Services | Financial Services |
| Industry | Banks - Regional | Banks - Regional |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BUSE has outperformed INDB by 14.1 percentage points over the past year.
About First Busey
BUSE stock →First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, Wealth Management, and FirsTech.
Financial Services · Banks - Regional · 1,833 employees
About Independent Bank
INDB stock →Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States.
Financial Services · Banks - Regional · 2,294 employees
BUSE vs INDB FAQ
Which is bigger, First Busey or Independent Bank?
Independent Bank (INDB) is larger, with a market capitalization of $3.65B compared with $2.41B for First Busey (BUSE).
Which stock has performed better over the past year, BUSE or INDB?
BUSE returned +25.03% over the past 12 months, compared with +10.96% for INDB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, BUSE or INDB?
BUSE has the lower trailing P/E at 12.1, versus 13.8 for INDB. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Busey or Independent Bank?
First Busey has the higher yield at 3.49%, compared with 3.19% for Independent Bank.
Are First Busey and Independent Bank in the same industry?
Yes. Both are classified in the Banks - Regional industry within the Financial Services sector.