Independent Bank (IBCP) vs Washington Bancorp (WASH)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Washington Bancorp (WASH) has outperformed Independent Bank (IBCP) over the past year, gaining 31.7% versus a gain of 13.3%. Over five years, IBCP leads with a +61.2% price change compared with -31.7% for WASH. Independent Bank is the larger company by market cap ($728.7 million vs $707.1 million), about 1.0 times the size.
On valuation, Independent Bank trades at a lower forward P/E (9.1x vs 10.4x for Washington Bancorp). Washington Bancorp offers the higher dividend yield (6.04% vs 3.05%).
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 | WASH |
|---|---|---|
| Share price | $35.37 | $37.07 |
| Market cap | $728.71M | $707.09M |
| 1-day change | -1.09% | -0.75% |
| YTD return | +8.73% | +26.40% |
| 1-year return | +13.26% | +31.70% |
| 5-year return | +61.21% | -31.71% |
| P/E ratio (TTM) | 10.25 | 12.87 |
| Forward P/E | 9.12 | 10.43 |
| EPS (TTM) | $3.45 | $2.88 |
| Dividend yield | 3.05% | 6.04% |
| Annual dividend | $1.08 | $2.24 |
| 52-week high | $39.24 | $40.54 |
| 52-week low | $29.83 | $25.23 |
| Distance from 52-week high | -9.86% | -8.56% |
| Analyst consensus | buy | none |
| Avg. price target upside | +13.66% | +2.51% |
| Average volume | 195.82K | 140.53K |
| Shares outstanding | 20.60M | 19.07M |
| Employees | 735 | 642 |
| 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
- WASH has outperformed IBCP by 18.4 percentage points over the past year.
- Washington Bancorp trades at a higher earnings multiple (12.9x vs 10.3x trailing P/E).
- Washington Bancorp offers a meaningfully higher dividend yield (6.04% vs 3.05%).
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 Washington Bancorp
WASH stock →Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that provides various banking and financial services to individuals and businesses.
Finance · Major Banks · 642 employees
IBCP vs WASH FAQ
Which is bigger, Independent Bank or Washington Bancorp?
Independent Bank (IBCP) is larger, with a market capitalization of $728.71M compared with $707.09M for Washington Bancorp (WASH).
Which stock has performed better over the past year, IBCP or WASH?
WASH returned +31.70% over the past 12 months, compared with +13.26% for IBCP (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IBCP or WASH?
IBCP has the lower trailing P/E at 10.3, versus 12.9 for WASH. 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 Washington Bancorp?
Washington Bancorp has the higher yield at 6.04%, compared with 3.05% for Independent Bank.
Are Independent Bank and Washington Bancorp in the same industry?
Yes. Both are classified in the Major Banks industry within the Finance sector.