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Independent Bank vs First Bancorp: INDB and FBP compared
Independent Bank is the larger company: $262M of revenue in its latest quarter (Q3 2026) against $260M for First Bancorp (Q3 2026). Independent Bank is growing faster (+8% against +5% a year earlier). Independent Bank is more profitable, with an operating margin of 44.7% against 44.3%.
Where the money goes: INDB and FBP
Independent Bank (INDB) · Q3 2026
Independent Bank, Q3 2026: revenue $262M (+8% year over year), operating margin 44.7%, net earnings $89.7M, operating cash flow $106M. The chart follows the revenue to costs, profit and cash.
First Bancorp (FBP) · Q3 2026
First Bancorp, Q3 2026: revenue $260M (+5% year over year), operating margin 44.3%, net earnings $96.1M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Independent Bank (INDB) | First Bancorp (FBP) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $262M | $260M |
| Revenue growth, Y/Y | +8% | +5% |
| Operating margin | 44.7% | 44.3% |
| Net earnings | $89.7M | $96.1M |
| Net margin | 34.3% | 37.0% |
| Operating cash flow | $106M | $105M |
| Free cash flow | $99.6M | $101M |
Where the revenue comes from
Independent Bank
- Net interest income: $221M (84%)
- Noninterest income: $41.3M (16%)
First Bancorp
- Net interest income: $228M (87%)
- Noninterest income: $32.6M (13%)
Questions
Which is bigger, Independent Bank or First Bancorp?
Independent Bank is the larger company: $262M of revenue in its latest quarter (Q3 2026) against $260M for First Bancorp (Q3 2026).
Is Independent Bank or First Bancorp growing faster?
Independent Bank is growing faster (+8% against +5% a year earlier).
Which is more profitable, Independent Bank or First Bancorp?
Independent Bank is more profitable, with an operating margin of 44.7% against 44.3%.
More: Independent Bank earnings · how Independent Bank makes money · First Bancorp earnings · how First Bancorp makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 9, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.