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Side-by-side financial comparison of INDEPENDENT BANK CORP (INDB) and TOMPKINS FINANCIAL CORP (TMP). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($212.5M vs $194.8M, roughly 1.1× TOMPKINS FINANCIAL CORP). TOMPKINS FINANCIAL CORP runs the higher net margin — 49.4% vs 35.5%, a 13.9% gap on every dollar of revenue. On growth, TOMPKINS FINANCIAL CORP posted the faster year-over-year revenue change (152.7% vs 46.9%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $31.9M). Over the past eight quarters, TOMPKINS FINANCIAL CORP's revenue compounded faster (63.6% CAGR vs 24.3%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
Tompkins Financial Corporation is a small, diversified financial services company based in Ithaca, New York. It is the parent of the Tompkins Trust Company, as well as several other banks, an insurance agency, and a wealth management division.
INDB vs TMP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $212.5M | $194.8M |
| Net Profit | $75.3M | $96.2M |
| Gross Margin | — | — |
| Operating Margin | — | 71.7% |
| Net Margin | 35.5% | 49.4% |
| Revenue YoY | 46.9% | 152.7% |
| Net Profit YoY | 50.6% | 388.9% |
| EPS (diluted) | $1.51 | $6.72 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $212.5M | $194.8M | ||
| Q3 25 | $203.3M | $87.4M | ||
| Q2 25 | $147.5M | $82.6M | ||
| Q1 25 | $145.5M | $81.7M | ||
| Q4 24 | $144.7M | $77.1M | ||
| Q3 24 | $141.7M | $76.6M | ||
| Q2 24 | $137.9M | $72.7M | ||
| Q1 24 | $137.4M | $72.8M |
| Q4 25 | $75.3M | $96.2M | ||
| Q3 25 | $34.3M | $23.7M | ||
| Q2 25 | $51.1M | $21.5M | ||
| Q1 25 | $44.4M | $19.7M | ||
| Q4 24 | $50.0M | $19.7M | ||
| Q3 24 | $42.9M | $18.6M | ||
| Q2 24 | $51.3M | $15.7M | ||
| Q1 24 | $47.8M | $16.9M |
| Q4 25 | — | 71.7% | ||
| Q3 25 | 21.8% | 35.6% | ||
| Q2 25 | 44.6% | 34.2% | ||
| Q1 25 | 39.3% | 31.6% | ||
| Q4 24 | — | 33.4% | ||
| Q3 24 | 39.0% | 32.0% | ||
| Q2 24 | 48.1% | 28.3% | ||
| Q1 24 | 45.5% | 30.4% |
| Q4 25 | 35.5% | 49.4% | ||
| Q3 25 | 16.8% | 27.1% | ||
| Q2 25 | 34.6% | 26.0% | ||
| Q1 25 | 30.5% | 24.1% | ||
| Q4 24 | 34.6% | 25.5% | ||
| Q3 24 | 30.3% | 24.3% | ||
| Q2 24 | 37.2% | 21.6% | ||
| Q1 24 | 34.8% | 23.2% |
| Q4 25 | $1.51 | $6.72 | ||
| Q3 25 | $0.69 | $1.65 | ||
| Q2 25 | $1.20 | $1.50 | ||
| Q1 25 | $1.04 | $1.37 | ||
| Q4 24 | $1.18 | $1.39 | ||
| Q3 24 | $1.01 | $1.30 | ||
| Q2 24 | $1.21 | $1.10 | ||
| Q1 24 | $1.12 | $1.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $132.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.6B | $938.4M |
| Total Assets | $24.9B | $8.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $132.8M | ||
| Q3 25 | — | $193.5M | ||
| Q2 25 | — | $212.6M | ||
| Q1 25 | — | $193.1M | ||
| Q4 24 | — | $134.4M | ||
| Q3 24 | — | $132.3M | ||
| Q2 24 | — | $70.9M | ||
| Q1 24 | — | $57.1M |
| Q4 25 | $3.6B | $938.4M | ||
| Q3 25 | $3.5B | $788.8M | ||
| Q2 25 | $3.1B | $761.8M | ||
| Q1 25 | $3.0B | $741.4M | ||
| Q4 24 | $3.0B | $713.4M | ||
| Q3 24 | $3.0B | $719.9M | ||
| Q2 24 | $2.9B | $674.6M | ||
| Q1 24 | $2.9B | $667.9M |
| Q4 25 | $24.9B | $8.7B | ||
| Q3 25 | $25.0B | $8.5B | ||
| Q2 25 | $20.0B | $8.4B | ||
| Q1 25 | $19.9B | $8.2B | ||
| Q4 24 | $19.4B | $8.1B | ||
| Q3 24 | $19.4B | $8.0B | ||
| Q2 24 | $19.4B | $7.9B | ||
| Q1 24 | $19.3B | $7.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $78.9M | $38.9M |
| Free Cash FlowOCF − Capex | $75.5M | $31.9M |
| FCF MarginFCF / Revenue | 35.5% | 16.4% |
| Capex IntensityCapex / Revenue | 1.6% | 3.6% |
| Cash ConversionOCF / Net Profit | 1.05× | 0.40× |
| TTM Free Cash FlowTrailing 4 quarters | $239.0M | $105.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.9M | $38.9M | ||
| Q3 25 | $52.2M | $34.9M | ||
| Q2 25 | $106.7M | $18.9M | ||
| Q1 25 | $13.3M | $22.2M | ||
| Q4 24 | $42.9M | $95.0M | ||
| Q3 24 | $70.2M | $21.2M | ||
| Q2 24 | $65.6M | $27.3M | ||
| Q1 24 | $51.1M | $23.2M |
| Q4 25 | $75.5M | $31.9M | ||
| Q3 25 | $49.7M | $33.9M | ||
| Q2 25 | $102.5M | $18.3M | ||
| Q1 25 | $11.3M | $20.9M | ||
| Q4 24 | $36.5M | $88.8M | ||
| Q3 24 | $64.4M | $18.9M | ||
| Q2 24 | $61.9M | $26.3M | ||
| Q1 24 | $46.7M | $21.9M |
| Q4 25 | 35.5% | 16.4% | ||
| Q3 25 | 24.4% | 38.8% | ||
| Q2 25 | 69.5% | 22.1% | ||
| Q1 25 | 7.8% | 25.5% | ||
| Q4 24 | 25.2% | 115.1% | ||
| Q3 24 | 45.4% | 24.7% | ||
| Q2 24 | 44.9% | 36.2% | ||
| Q1 24 | 34.0% | 30.0% |
| Q4 25 | 1.6% | 3.6% | ||
| Q3 25 | 1.2% | 1.1% | ||
| Q2 25 | 2.9% | 0.8% | ||
| Q1 25 | 1.4% | 1.7% | ||
| Q4 24 | 4.4% | 8.1% | ||
| Q3 24 | 4.1% | 2.9% | ||
| Q2 24 | 2.7% | 1.3% | ||
| Q1 24 | 3.2% | 1.9% |
| Q4 25 | 1.05× | 0.40× | ||
| Q3 25 | 1.52× | 1.47× | ||
| Q2 25 | 2.09× | 0.88× | ||
| Q1 25 | 0.30× | 1.13× | ||
| Q4 24 | 0.86× | 4.82× | ||
| Q3 24 | 1.64× | 1.14× | ||
| Q2 24 | 1.28× | 1.74× | ||
| Q1 24 | 1.07× | 1.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
