Cathay General Bancorp (CATY) vs Independent Bank (INDB)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Cathay General Bancorp (CATY) has outperformed Independent Bank (INDB) over the past year, gaining 20.9% versus a gain of 11.6%. Over five years, CATY leads with a +44.3% price change compared with -2.7% for INDB. Cathay General Bancorp is the larger company by market cap ($3.93 billion vs $3.70 billion), about 1.1 times the size, while Independent Bank is growing revenue faster (+24.3% vs +2.9%).
On valuation, Independent Bank trades at a lower forward P/E (9.5x vs 9.9x for Cathay General Bancorp). Independent Bank offers the higher dividend yield (3.15% vs 2.51%). Cathay General Bancorp converts more of its revenue into profit, with a net margin of 585.8% versus 23.9%.
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 | CATY | INDB |
|---|---|---|
| Share price | $58.98 | $78.15 |
| Market cap | $3.93B | $3.70B |
| 1-day change | -0.22% | -0.08% |
| YTD return | +22.15% | +7.02% |
| 1-year return | +20.90% | +11.62% |
| 5-year return | +44.28% | -2.75% |
| P/E ratio (TTM) | 11.52 | 14.00 |
| Forward P/E | 9.92 | 9.48 |
| EPS (TTM) | $5.12 | $5.58 |
| Dividend yield | 2.51% | 3.15% |
| Annual dividend | $1.48 | $2.46 |
| Revenue (latest FY) | $53.79M | $857.52M |
| Revenue growth (YoY) | +2.93% | +24.32% |
| Net income (latest FY) | $315.12M | $205.12M |
| Net margin | 585.81% | 23.92% |
| 52-week high | $65.26 | $87.50 |
| 52-week low | $44.57 | $63.33 |
| Distance from 52-week high | -9.62% | -10.69% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +10.21% | +19.56% |
| Average volume | 464.14K | 358.03K |
| Shares outstanding | 66.71M | 47.37M |
| Employees | 1,268 | 2,294 |
| Sector | Finance | Finance |
| Industry | Major Banks | Major Banks |
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
- Cathay General Bancorp is more profitable, keeping 585.8 cents of every revenue dollar as net income versus 23.9 cents for Independent Bank.
- Independent Bank grew revenue faster in its latest fiscal year (+24.32% vs +2.93%).
About Cathay General Bancorp
CATY stock →Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. It offers savings accounts, checking accounts, money market deposit accounts, certificates of deposit, individual retirement accounts, and public funds deposits, and acceptance of checking, savings, demand deposits, time deposits, real estate, and consumer loans.
Finance · Major Banks · 1,268 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.
Finance · Major Banks · 2,294 employees
CATY vs INDB FAQ
Which is bigger, Cathay General Bancorp or Independent Bank?
Cathay General Bancorp (CATY) is larger, with a market capitalization of $3.93B compared with $3.70B for Independent Bank (INDB).
Which stock has performed better over the past year, CATY or INDB?
CATY returned +20.90% over the past 12 months, compared with +11.62% for INDB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CATY or INDB?
CATY has the lower trailing P/E at 11.5, versus 14.0 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, Cathay General Bancorp or Independent Bank?
Independent Bank has the higher yield at 3.15%, compared with 2.51% for Cathay General Bancorp.
Are Cathay General Bancorp and Independent Bank in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.