Independent Bank (IBCP) vs VersaBank (VBNK)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
VersaBank (VBNK) has outperformed Independent Bank (IBCP) over the past year, gaining 78.8% versus a gain of 14.8%. Over five years, VBNK leads with a +86.1% price change compared with +63.0% for IBCP. Independent Bank is the larger company by market cap ($728.9 million vs $705.1 million), about 1.0 times the size.
On valuation, Independent Bank trades at a lower forward P/E (9.1x vs 11.1x for VersaBank). Independent Bank offers the higher dividend yield (3.05% vs 0.11%).
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 | VBNK |
|---|---|---|
| Share price | $35.38 | $21.75 |
| Market cap | $728.92M | $705.12M |
| 1-day change | -1.06% | -0.51% |
| YTD return | +9.93% | +46.06% |
| 1-year return | +14.80% | +78.76% |
| 5-year return | +62.99% | +86.05% |
| P/E ratio (TTM) | 10.26 | 28.62 |
| Forward P/E | 9.12 | 11.08 |
| EPS (TTM) | $3.45 | $0.76 |
| Dividend yield | 3.05% | 0.11% |
| Annual dividend | $1.08 | $0.025 |
| 52-week high | $39.24 | $25.05 |
| 52-week low | $29.83 | $11.25 |
| Distance from 52-week high | -9.84% | -13.17% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +13.62% | +17.24% |
| Average volume | 195.82K | 124.22K |
| Shares outstanding | 20.60M | 32.42M |
| Employees | 735 | 131 |
| Sector | Finance | Finance |
| Industry | Major Banks | Commercial 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
- VBNK has outperformed IBCP by 64.0 percentage points over the past year.
- VersaBank trades at a higher earnings multiple (28.6x vs 10.3x trailing P/E).
- Independent Bank offers a meaningfully higher dividend yield (3.05% vs 0.11%).
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 VersaBank
VBNK stock →VersaBank provides various banking products and services in Canada and the United States. The company operates through four segments: Digital Banking Canada, Digital Banking USA, DRTC (Cybersecurity), and Digital Meteor.
Finance · Commercial Banks · 131 employees
IBCP vs VBNK FAQ
Which is bigger, Independent Bank or VersaBank?
Independent Bank (IBCP) is larger, with a market capitalization of $728.92M compared with $705.12M for VersaBank (VBNK).
Which stock has performed better over the past year, IBCP or VBNK?
VBNK returned +78.76% 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 VBNK?
IBCP has the lower trailing P/E at 10.3, versus 28.6 for VBNK. 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 VersaBank?
Independent Bank has the higher yield at 3.05%, compared with 0.11% for VersaBank.
Are Independent Bank and VersaBank in the same industry?
Both are in the Finance sector, but in different industries: Major Banks for Independent Bank and Commercial Banks for VersaBank.