AMTB
Amerant Bancorp Inc.
Banks - Regional
Market Cap$991M
5Y Perf.+56.9%
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Side-by-side financial analysisAMTB
INDB
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Stock Comparison
AMTB vs INDB
Revenue, margins, valuation, and 5-year total return — side by side.
INDB
Independent Bank Corp.
Banks - Regional
Market Cap$4.01B
5Y Perf.+20.8%
AMTB vs INDB — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot |  AMTB |  INDB |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $991M | $4.01B |
| Revenue (TTM) | $521M | $1.17B |
| Net Income (TTM) | $58M | $205M |
| Gross Margin | 55.6% | 67.9% |
| Operating Margin | 9.7% | 22.9% |
| Forward P/E | 13.1x | 11.1x |
| Total Debt | $1.04B | $901M |
| Cash & Equiv. | $470M | $230M |
AMTB vs INDB — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
AMTB
INDB
| Stock | Jun 20 | Jun 26 | Return |
|---|---|---|---|
| Amerant Bancorp Inc. (AMTB) | 100 | 156.9 | +56.9% |
| Independent Bank Co… (INDB) | 100 | 120.8 | +20.8% |
Price return only. Dividends and distributions are not included.
Quick Verdict: AMTB vs INDB
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: INDB leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Amerant Bancorp Inc. is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
🥇INDB emerged as the overall leader. Track its performance:
AMTB
Amerant Bancorp Inc.
The Banking Pick
AMTB is the clearest fit if your priority is bank quality.
- NIM 3.7% vs INDB's 2.8%
- Better valuation composite
- +44.5% vs INDB's +36.2%
Best for: bank quality
INDB
Independent Bank Corp.
The Banking Pick
INDB carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 15 yrs, beta 0.85, yield 2.6%
- Rev growth 19.8%, EPS growth -1.5%
- 118.3% 10Y total return vs AMTB's 40.4%
Best for: income & stability and growth exposure
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth |  INDB | 19.8% NII/revenue growth vs AMTB's 14.0% |
| Value |  AMTB | Better valuation composite |
| Quality / Margins | INDB | Efficiency ratio 0.5% vs AMTB's 0.5% (lower = leaner) |
| Stability / Safety | INDB | Beta 0.85 vs AMTB's 0.93, lower leverage |
| Dividends | INDB | 2.6% yield, 15-year raise streak, vs AMTB's 1.2% |
| Momentum (1Y) | AMTB | +44.5% vs INDB's +36.2% |
| Efficiency (ROA) | INDB | Efficiency ratio 0.5% vs AMTB's 0.5% |
AMTB vs INDB — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2018
FY 2025
AMTB vs INDB — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLINDBLAGGINGAMTB
AMTBAmerant Bancorp Inc.
0leads
INDBIndependent Bank Corp.
3leads
6 Total Categories
CATEGORYLEADERvs AMTBMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
INDB3/5
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
INDB5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
Tied
—
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
INDB2/2
Income & Cash Flow (Last 12 Months)
INDB leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
INDB is the larger business by revenue, generating $1.2B annually — 2.2x AMTB's $521M. INDB is the more profitable business, keeping 17.6% of every revenue dollar as net income compared to AMTB's 11.2%.
| Metric | AMTBAmerant Bancorp I… | INDBIndependent Bank … |
|---|---|---|
| RevenueTrailing 12 months | $521M | $1.2B |
| EBITDAEarnings before interest/tax | $54M | $306M |
| Net IncomeAfter-tax profit | $58M | $205M |
| Free Cash FlowCash after capex | $111M | $248M |
| Gross MarginGross profit ÷ Revenue | +55.6% | +67.9% |
| Operating MarginEBIT ÷ Revenue | +9.7% | +22.9% |
| Net MarginNet income ÷ Revenue | +11.2% | +17.6% |
| FCF MarginFCF ÷ Revenue | +21.4% | +21.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +57.1% | -31.7% |
INDB leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
Evenly matched — AMTB and INDB each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 18.2x trailing earnings, INDB trades at a 3% valuation discount to AMTB's 18.7x P/E. On an enterprise value basis, INDB's 15.3x EV/EBITDA is more attractive than AMTB's 22.1x.
| Metric | AMTBAmerant Bancorp I… | INDBIndependent Bank … |
|---|---|---|
| Market CapShares × price | $991M | $4.0B |
| Enterprise ValueMkt cap + debt − cash | $1.6B | $4.7B |
| Trailing P/EPrice ÷ TTM EPS | 18.73x | 18.21x |
| Forward P/EPrice ÷ next-FY EPS est. | 13.13x | 11.10x |
| PEG RatioP/E ÷ EPS growth rate | — | 4.44x |
| EV / EBITDAEnterprise value multiple | 22.07x | 15.29x |
| Price / SalesMarket cap ÷ Revenue | 1.51x | 3.44x |
| Price / BookPrice ÷ Book value/share | 1.03x | 1.12x |
| Price / FCFMarket cap ÷ FCF | 10.12x | 16.74x |
Evenly matched — AMTB and INDB each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
INDB leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
AMTB delivers a 6.3% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $6 for INDB. INDB carries lower financial leverage with a 0.25x debt-to-equity ratio, signaling a more conservative balance sheet compared to AMTB's 1.11x. On the Piotroski fundamental quality scale (0–9), AMTB scores 7/9 vs INDB's 6/9, reflecting strong financial health.
| Metric | AMTBAmerant Bancorp I… | INDBIndependent Bank … |
|---|---|---|
| ROE (TTM)Return on equity | +6.3% | +6.2% |
| ROA (TTM)Return on assets | +0.7% | +0.9% |
| ROICReturn on invested capital | +2.6% | +4.9% |
| ROCEReturn on capital employed | +2.2% | +1.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 |
| Debt / EquityFinancial leverage | 1.11x | 0.25x |
| Net DebtTotal debt minus cash | $571M | $671M |
| Cash & Equiv.Liquid assets | $470M | $230M |
| Total DebtShort + long-term debt | $1.0B | $901M |
| Interest CoverageEBIT ÷ Interest expense | 0.29x | 0.85x |
INDB leads this category, winning 5 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
Evenly matched — AMTB and INDB each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in AMTB five years ago would be worth $12,272 today (with dividends reinvested), compared to $12,199 for INDB. Over the past 12 months, AMTB leads with a +44.5% total return vs INDB's +36.2%. The 3-year compound annual growth rate (CAGR) favors INDB at 21.9% vs AMTB's 8.8% — a key indicator of consistent wealth creation.
| Metric | AMTBAmerant Bancorp I… | INDBIndependent Bank … |
|---|---|---|
| YTD ReturnYear-to-date | +20.6% | +11.6% |
| 1-Year ReturnPast 12 months | +44.5% | +36.2% |
| 3-Year ReturnCumulative with dividends | +28.9% | +80.9% |
| 5-Year ReturnCumulative with dividends | +22.7% | +22.0% |
| 10-Year ReturnCumulative with dividends | +40.4% | +118.3% |
| CAGR (3Y)Annualised 3-year return | +8.8% | +21.9% |
Evenly matched — AMTB and INDB each lead in 3 of 6 comparable metrics.
Risk & Volatility
Evenly matched — AMTB and INDB each lead in 1 of 2 comparable metrics.
Risk & Volatility
INDB is the less volatile stock with a 0.85 beta — it tends to amplify market swings less than AMTB's 0.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. AMTB currently trades 96.8% from its 52-week high vs INDB's 93.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | AMTBAmerant Bancorp I… | INDBIndependent Bank … |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.93x | 0.85x |
| 52-Week HighHighest price in past year | $24.38 | $87.00 |
| 52-Week LowLowest price in past year | $15.62 | $57.01 |
| % of 52W HighCurrent price vs 52-week peak | +96.8% | +93.2% |
| RSI (14)Momentum oscillator 0–100 | 53.4 | 55.5 |
| Avg Volume (50D)Average daily shares traded | 226K | 328K |
Evenly matched — AMTB and INDB each lead in 1 of 2 comparable metrics.
Analyst Outlook
INDB leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Wall Street rates AMTB as "Hold" and INDB as "Hold". Consensus price targets imply 15.2% upside for INDB (target: $93) vs 1.7% for AMTB (target: $24). For income investors, INDB offers the higher dividend yield at 2.59% vs AMTB's 1.18%.
| Metric | AMTBAmerant Bancorp I… | INDBIndependent Bank … |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Hold |
| Price TargetConsensus 12-month target | $24.00 | $93.33 |
| # AnalystsCovering analysts | 7 | 15 |
| Dividend YieldAnnual dividend ÷ price | +1.2% | +2.6% |
| Dividend StreakConsecutive years of raises | 0 | 15 |
| Dividend / ShareAnnual DPS | $0.28 | $2.10 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.0% | +1.6% |
INDB leads this category, winning 2 of 2 comparable metrics.
Key Takeaway
INDB leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 3 categories are tied.
Best OverallIndependent Bank Corp. (INDB)Leads 3 of 6 categories
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AMTB vs INDB: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is AMTB or INDB a better buy right now?
For growth investors, Independent Bank Corp.
(INDB) is the stronger pick with 19. 8% revenue growth year-over-year, versus 14. 0% for Amerant Bancorp Inc. (AMTB). Independent Bank Corp. (INDB) offers the better valuation at 18. 2x trailing P/E (11. 1x forward), making it the more compelling value choice. Analysts rate Amerant Bancorp Inc. (AMTB) a "Hold" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — AMTB or INDB?
On trailing P/E, Independent Bank Corp.
(INDB) is the cheapest at 18. 2x versus Amerant Bancorp Inc. at 18. 7x. On forward P/E, Independent Bank Corp. is actually cheaper at 11. 1x.
03Which is the better long-term investment — AMTB or INDB?
Over the past 5 years, Amerant Bancorp Inc.
(AMTB) delivered a total return of +22. 7%, compared to +22. 0% for Independent Bank Corp. (INDB). Over 10 years, the gap is even starker: INDB returned +118. 3% versus AMTB's +40. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — AMTB or INDB?
By beta (market sensitivity over 5 years), Independent Bank Corp.
(INDB) is the lower-risk stock at 0. 85β versus Amerant Bancorp Inc. 's 0. 93β — meaning AMTB is approximately 9% more volatile than INDB relative to the S&P 500. On balance sheet safety, Independent Bank Corp. (INDB) carries a lower debt/equity ratio of 25% versus 111% for Amerant Bancorp Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — AMTB or INDB?
By revenue growth (latest reported year), Independent Bank Corp.
(INDB) is pulling ahead at 19. 8% versus 14. 0% for Amerant Bancorp Inc. (AMTB). On earnings-per-share growth, the picture is similar: Amerant Bancorp Inc. grew EPS 386. 4% year-over-year, compared to -1. 5% for Independent Bank Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — AMTB or INDB?
Independent Bank Corp.
(INDB) is the more profitable company, earning 17. 6% net margin versus 8. 0% for Amerant Bancorp Inc. — meaning it keeps 17. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: INDB leads at 22. 9% versus 10. 1% for AMTB. At the gross margin level — before operating expenses — INDB leads at 67. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is AMTB or INDB more undervalued right now?
On forward earnings alone, Independent Bank Corp.
(INDB) trades at 11. 1x forward P/E versus 13. 1x for Amerant Bancorp Inc. — 2. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for INDB: 15. 2% to $93. 33.
08Which pays a better dividend — AMTB or INDB?
All stocks in this comparison pay dividends.
Independent Bank Corp. (INDB) offers the highest yield at 2. 6%, versus 1. 2% for Amerant Bancorp Inc. (AMTB).
09Is AMTB or INDB better for a retirement portfolio?
For long-horizon retirement investors, Independent Bank Corp.
(INDB) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 85), 2. 6% yield, +118. 3% 10Y return). Both have compounded well over 10 years (INDB: +118. 3%, AMTB: +40. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between AMTB and INDB?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: AMTB is a small-cap quality compounder stock; INDB is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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