First Financial Bancorp. (FFBC) 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 Financial Bancorp. (FFBC) has outperformed Independent Bank (INDB) over the past year, gaining 21.1% versus a gain of 11.0%. Over five years, FFBC leads with a +32.4% price change compared with -4.1% for INDB. Independent Bank is the larger company by market cap ($3.65 billion vs $3.28 billion), about 1.1 times the size.
On valuation, First Financial Bancorp. trades at a lower forward P/E (8.8x vs 9.4x for Independent Bank). First Financial Bancorp. offers the higher dividend yield (3.21% vs 3.19%). First Financial Bancorp. converts more of its revenue into profit, with a net margin of 319.4% 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 | FFBC | INDB |
|---|---|---|
| Share price | $31.20 | $77.12 |
| Market cap | $3.28B | $3.65B |
| 1-day change | +1.07% | -1.39% |
| YTD return | +24.70% | +5.53% |
| 1-year return | +21.07% | +10.96% |
| 5-year return | +32.37% | -4.10% |
| P/E ratio (TTM) | 11.02 | 13.82 |
| Forward P/E | 8.82 | 9.36 |
| EPS (TTM) | $2.83 | $5.58 |
| Dividend yield | 3.21% | 3.19% |
| Annual dividend | $1.00 | $2.46 |
| Revenue (latest FY) | $80.02M | $857.52M |
| Revenue growth (YoY) | +18.30% | +24.32% |
| Net income (latest FY) | $255.60M | $205.12M |
| Net margin | 319.43% | 23.92% |
| 52-week high | $36.25 | $87.50 |
| 52-week low | $23.06 | $63.33 |
| Distance from 52-week high | -13.93% | -11.86% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +21.79% | +21.15% |
| Average volume | 916.72K | 358.03K |
| Shares outstanding | 105.17M | 47.37M |
| Employees | 2,371 | 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
- FFBC has outperformed INDB by 10.1 percentage points over the past year.
- Independent Bank trades at a higher earnings multiple (13.8x vs 11.0x trailing P/E).
- First Financial Bancorp. is more profitable, keeping 319.4 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 +18.30%).
About First Financial Bancorp.
FFBC stock →First Financial Bancorp. operates as the bank holding company for First Financial Bank that provides commercial banking and banking-related services to individuals and businesses in Ohio, Indiana, Kentucky, and Illinois.
Financial Services · Banks - Regional · 2,371 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
FFBC vs INDB FAQ
Which is bigger, First Financial Bancorp. or Independent Bank?
Independent Bank (INDB) is larger, with a market capitalization of $3.65B compared with $3.28B for First Financial Bancorp. (FFBC).
Which stock has performed better over the past year, FFBC or INDB?
FFBC returned +21.07% 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, FFBC or INDB?
FFBC has the lower trailing P/E at 11.0, 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 Financial Bancorp. or Independent Bank?
First Financial Bancorp. has the higher yield at 3.21%, compared with 3.19% for Independent Bank.
Are First Financial Bancorp. and Independent Bank in the same industry?
Yes. Both are classified in the Banks - Regional industry within the Financial Services sector.