Independent Bank (IBCP) vs Shore Bancshares (SHBI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Shore Bancshares (SHBI) has outperformed Independent Bank (IBCP) over the past year, gaining 40.5% versus a gain of 14.8%. Over five years, IBCP leads with a +63.0% price change compared with +25.7% for SHBI. Shore Bancshares is the larger company by market cap ($743.2 million vs $728.7 million), about 1.0 times the size.
On valuation, Independent Bank trades at a lower forward P/E (9.1x vs 9.8x for Shore Bancshares). Independent Bank offers the higher dividend yield (3.05% vs 2.25%).
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 | IBCP | SHBI |
|---|---|---|
| Share price | $35.37 | $22.27 |
| Market cap | $728.71M | $743.20M |
| 1-day change | -1.09% | -1.37% |
| YTD return | +9.93% | +27.71% |
| 1-year return | +14.80% | +40.51% |
| 5-year return | +62.99% | +25.72% |
| P/E ratio (TTM) | 10.25 | 11.30 |
| Forward P/E | 9.12 | 9.83 |
| EPS (TTM) | $3.45 | $1.97 |
| Dividend yield | 3.05% | 2.25% |
| Annual dividend | $1.08 | $0.50 |
| 52-week high | $39.24 | $24.89 |
| 52-week low | $29.83 | $14.93 |
| Distance from 52-week high | -9.86% | -10.53% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +13.66% | +14.95% |
| Average volume | 195.82K | 200.67K |
| Shares outstanding | 20.60M | 33.37M |
| Employees | 735 | 595 |
| 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
- SHBI has outperformed IBCP by 25.7 percentage points over the past year.
About Independent Bank
IBCP stock →Independent Bank Corporation operates as the bank holding company for Independent Bank that provides banking services in the United States. The company offers demand deposits, interest checking, money market accounts, savings accounts, and time certificates of deposit, including free checking accounts.
Finance · Major Banks · 735 employees
About Shore Bancshares
SHBI stock →Shore Bancshares, Inc. operates as a bank holding company for Shore United Bank, N.A.
Finance · Major Banks · 595 employees
IBCP vs SHBI FAQ
Which is bigger, Independent Bank or Shore Bancshares?
Shore Bancshares (SHBI) is larger, with a market capitalization of $743.20M compared with $728.71M for Independent Bank (IBCP).
Which stock has performed better over the past year, IBCP or SHBI?
SHBI returned +40.51% over the past 12 months, compared with +14.80% for IBCP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IBCP or SHBI?
IBCP has the lower trailing P/E at 10.3, versus 11.3 for SHBI. 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, Independent Bank or Shore Bancshares?
Independent Bank has the higher yield at 3.05%, compared with 2.25% for Shore Bancshares.
Are Independent Bank and Shore Bancshares in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.