WallStSmart

Independent Bank Corporation (IBCP)vsItau Unibanco Banco Holding SA (ITUB)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Itau Unibanco Banco Holding SA generates 61404% more annual revenue ($138.19B vs $224.68M). ITUB leads profitability with a 33.3% profit margin vs 31.1%. IBCP appears more attractively valued with a PEG of 1.40. ITUB earns a higher WallStSmart Score of 74/100 (B).

IBCP

Strong Buy

70

out of 100

Grade: B-

Growth: 6.7Profit: 7.5Value: 7.0Quality: 7.0
Piotroski: 5/9Altman Z: -0.77

ITUB

Strong Buy

74

out of 100

Grade: B

Growth: 5.3Profit: 8.0Value: 7.0Quality: 3.3
Piotroski: 3/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

IBCP5 strengths · Avg: 9.8/10
P/E RatioValuation
10.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.5x10/10

Reasonable price relative to book value

Profit MarginProfitability
31.1%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
39.0%10/10

Strong operational efficiency at 39.0%

Debt/EquityHealth
0.159/10

Conservative balance sheet, low leverage

ITUB6 strengths · Avg: 9.3/10
P/E RatioValuation
10.4x10/10

Attractively priced relative to earnings

Profit MarginProfitability
33.3%10/10

Keeps 33 of every $100 in revenue as profit

Operating MarginProfitability
33.1%10/10

Strong operational efficiency at 33.1%

Market CapQuality
$90.71B9/10

Large-cap with strong market position

Return on EquityProfitability
21.2%9/10

Every $100 of equity generates 21 in profit

Price/BookValuation
2.2x8/10

Reasonable price relative to book value

Areas to Watch

IBCP3 concerns · Avg: 2.3/10
Market CapQuality
$743.26M3/10

Smaller company, higher risk/reward

Free Cash FlowQuality
$-13.77M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.772/10

Distress zone — elevated risk

ITUB4 concerns · Avg: 2.0/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Revenue GrowthGrowth
-2.1%2/10

Revenue declined 2.1%

Free Cash FlowQuality
$-5.87B2/10

Negative free cash flow — burning cash

Debt/EquityHealth
4.991/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : IBCP

The strongest argument for IBCP centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 31.1% and operating margin at 39.0%. PEG of 1.40 suggests the stock is reasonably priced for its growth.

Bull Case : ITUB

The strongest argument for ITUB centers on P/E Ratio, Profit Margin, Operating Margin. Profitability is solid with margins at 33.3% and operating margin at 33.1%. PEG of 1.44 suggests the stock is reasonably priced for its growth.

Bear Case : IBCP

The primary concerns for IBCP are Market Cap, Free Cash Flow, Altman Z-Score.

Bear Case : ITUB

The primary concerns for ITUB are Piotroski F-Score, Revenue Growth, Free Cash Flow. Debt-to-equity of 4.99 is elevated, increasing financial risk.

Key Dynamics to Monitor

IBCP profiles as a mature stock while ITUB is a declining play — different risk/reward profiles.

IBCP carries more volatility with a beta of 0.71 — expect wider price swings.

IBCP is growing revenue faster at 9.7% — sustainability is the question.

IBCP generates stronger free cash flow (-14M), providing more financial flexibility.

Bottom Line

ITUB scores higher overall (74/100 vs 70/100), backed by strong 33.3% margins. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Independent Bank Corporation

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Independent Bank Corporation is the bank holding company of Independent Bank providing various banking services to individuals and businesses. The company is headquartered in Grand Rapids, Michigan.

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Itau Unibanco Banco Holding SA

FINANCIAL SERVICES · BANKS - REGIONAL · USA

Ita Unibanco Holding SA offers a range of financial products and services in Brazil and internationally. The company is headquartered in So Paulo, Brazil.

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