CVB Financial (CVBF) 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
CVB Financial (CVBF) has outperformed Independent Bank (INDB) over the past year, gaining 13.9% versus a gain of 11.6%. Over five years, CVBF leads with a +7.7% price change compared with -2.7% for INDB. CVB Financial is the larger company by market cap ($3.80 billion vs $3.71 billion), about 1.0 times the size, while Independent Bank is growing revenue faster (+24.3% vs +2.7%).
On valuation, Independent Bank trades at a lower forward P/E (9.5x vs 10.8x for CVB Financial). CVB Financial offers the higher dividend yield (3.70% vs 3.14%). CVB Financial converts more of its revenue into profit, with a net margin of 40.6% 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 | CVBF | INDB |
|---|---|---|
| Share price | $21.60 | $78.33 |
| Market cap | $3.80B | $3.71B |
| 1-day change | +0.33% | +0.15% |
| YTD return | +15.75% | +7.02% |
| 1-year return | +13.92% | +11.62% |
| 5-year return | +7.70% | -2.75% |
| P/E ratio (TTM) | 15.10 | 14.04 |
| Forward P/E | 10.81 | 9.51 |
| EPS (TTM) | $1.43 | $5.58 |
| Dividend yield | 3.70% | 3.14% |
| Annual dividend | $0.80 | $2.46 |
| Revenue (latest FY) | $515.46M | $857.52M |
| Revenue growth (YoY) | +2.72% | +24.32% |
| Net income (latest FY) | $209.30M | $205.12M |
| Operating margin | 60.92% | — |
| Net margin | 40.60% | 23.92% |
| 52-week high | $23.41 | $87.50 |
| 52-week low | $17.95 | $63.33 |
| Distance from 52-week high | -7.73% | -10.48% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.37% | +19.28% |
| Average volume | 1.33M | 358.03K |
| Shares outstanding | 176.00M | 47.37M |
| Employees | 1,079 | 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
- CVB Financial is more profitable, keeping 40.6 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 +2.72%).
About CVB Financial
CVBF stock →CVB Financial Corp. operates as bank holding company for Citizens Business Bank, National Association, a state-chartered bank that provides banking and financial services to small to mid-sized businesses and individuals.
Finance · Major Banks · 1,079 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
CVBF vs INDB FAQ
Which is bigger, CVB Financial or Independent Bank?
CVB Financial (CVBF) is larger, with a market capitalization of $3.80B compared with $3.71B for Independent Bank (INDB).
Which stock has performed better over the past year, CVBF or INDB?
CVBF returned +13.92% 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, CVBF or INDB?
INDB has the lower trailing P/E at 14.0, versus 15.1 for CVBF. 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, CVB Financial or Independent Bank?
CVB Financial has the higher yield at 3.70%, compared with 3.14% for Independent Bank.
Are CVB Financial and Independent Bank in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.