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United Community Banks vs Independent Bank: UCB and INDB compared
United Community Banks is the larger company: $279M of revenue in its latest quarter (Q2 2026) against $262M for Independent Bank (Q3 2026). Independent Bank is growing faster (+8% against +7% a year earlier). United Community Banks is more profitable, with an operating margin of 53.4% against 44.7%.
Where the money goes: UCB and INDB
United Community Banks (UCB) · Q2 2026
United Community Banks, Q2 2026: revenue $279M (+7% year over year), operating margin 53.4%, net earnings $116M, operating cash flow $131M. The chart follows the revenue to costs, profit and cash.
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.
| United Community Banks (UCB) | Independent Bank (INDB) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $279M | $262M |
| Revenue growth, Y/Y | +7% | +8% |
| Operating margin | 53.4% | 44.7% |
| Net earnings | $116M | $89.7M |
| Net margin | 41.4% | 34.3% |
| Operating cash flow | $131M | $106M |
| Free cash flow | $121M | $99.6M |
| Market value | $4.0B | — |
| P/E | 28.1× | — |
| Analysts’ mean target | $40.88 | — |
Where the revenue comes from
Independent Bank
- Net interest income: $221M (84%)
- Noninterest income: $41.3M (16%)
Questions
Which is bigger, United Community Banks or Independent Bank?
United Community Banks is the larger company: $279M of revenue in its latest quarter (Q2 2026) against $262M for Independent Bank (Q3 2026).
Is United Community Banks or Independent Bank growing faster?
Independent Bank is growing faster (+8% against +7% a year earlier).
Which is more profitable, United Community Banks or Independent Bank?
United Community Banks is more profitable, with an operating margin of 53.4% against 44.7%.
More: United Community Banks earnings · how United Community Banks makes money · Independent Bank earnings · how Independent Bank makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 5, 2026; 10-Q filed Nov 9, 2026). Fiscal quarters can end on different dates. Not investment advice.