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合众银行（CUBI）与INDEPENDENT BANK CORP（INDB）财务数据对比。点击上方公司名可切换其他公司
合众银行的季度营收约是INDEPENDENT BANK CORP的1.1倍（$236.9M vs $212.5M），INDEPENDENT BANK CORP同比增速更快（46.9% vs 21.8%），合众银行自由现金流更多（$481.0M vs $75.5M），过去两年INDEPENDENT BANK CORP的营收复合增速更高（24.3% vs 14.2%）
合众银行是总部位于美国明尼苏达州明尼阿波利斯、在特拉华州注册的跨国银行机构，2025年位列美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为具有系统重要性。旗下核心运营主体为美国合众银行全国协会，提供银行、投资、按揭等多元金融服务。
Independent Bank Corp是一家总部位于美国密歇根州大急流城的商业银行，业务全部布局于密歇根州内，目前在全州范围内共设有62家实体营业网点，为当地个人及企业客户提供各类银行金融服务。
CUBI vs INDB — 直观对比
营收规模更大
CUBI
是对方的1.1倍
$212.5M
营收增速更快
INDB
高出25.1%
21.8%
自由现金流更多
CUBI
多$405.5M
$75.5M
两年增速更快
INDB
近两年复合增速
14.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $236.9M | $212.5M |
| 净利润 | — | $75.3M |
| 毛利率 | — | — |
| 营业利润率 | 41.1% | — |
| 净利率 | — | 35.5% |
| 营收同比 | 21.8% | 46.9% |
| 净利润同比 | — | 50.6% |
| 每股收益（稀释后） | $2.04 | $1.51 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CUBIINDB
| Q4 25 | $236.9M | $212.5M | ||
| Q3 25 | $232.1M | $203.3M | ||
| Q2 25 | $206.3M | $147.5M | ||
| Q1 25 | $143.0M | $145.5M | ||
| Q4 24 | $167.8M | $144.7M | ||
| Q3 24 | $167.1M | $141.7M | ||
| Q2 24 | $198.7M | $137.9M | ||
| Q1 24 | $181.6M | $137.4M |
净利润CUBIINDB
| Q4 25 | — | $75.3M | ||
| Q3 25 | $75.7M | $34.3M | ||
| Q2 25 | $60.9M | $51.1M | ||
| Q1 25 | $12.9M | $44.4M | ||
| Q4 24 | — | $50.0M | ||
| Q3 24 | $46.7M | $42.9M | ||
| Q2 24 | $58.1M | $51.3M | ||
| Q1 24 | $49.7M | $47.8M |
营业利润率CUBIINDB
| Q4 25 | 41.1% | — | ||
| Q3 25 | 43.2% | 21.8% | ||
| Q2 25 | 38.2% | 44.6% | ||
| Q1 25 | 8.3% | 39.3% | ||
| Q4 24 | 21.4% | — | ||
| Q3 24 | 27.5% | 39.0% | ||
| Q2 24 | 38.8% | 48.1% | ||
| Q1 24 | 36.0% | 45.5% |
净利率CUBIINDB
| Q4 25 | — | 35.5% | ||
| Q3 25 | 32.6% | 16.8% | ||
| Q2 25 | 29.5% | 34.6% | ||
| Q1 25 | 9.0% | 30.5% | ||
| Q4 24 | — | 34.6% | ||
| Q3 24 | 28.0% | 30.3% | ||
| Q2 24 | 29.2% | 37.2% | ||
| Q1 24 | 27.4% | 34.8% |
每股收益（稀释后）CUBIINDB
| Q4 25 | $2.04 | $1.51 | ||
| Q3 25 | $2.20 | $0.69 | ||
| Q2 25 | $1.73 | $1.20 | ||
| Q1 25 | $0.29 | $1.04 | ||
| Q4 24 | $0.72 | $1.18 | ||
| Q3 24 | $1.31 | $1.01 | ||
| Q2 24 | $1.66 | $1.21 | ||
| Q1 24 | $1.40 | $1.12 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.4B | — |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $2.1B | $3.6B |
| 总资产 | $24.9B | $24.9B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CUBIINDB
| Q4 25 | $4.4B | — | ||
| Q3 25 | $4.2B | — | ||
| Q2 25 | $3.5B | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | $3.8B | — | ||
| Q3 24 | $3.1B | — | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $3.7B | — |
股东权益CUBIINDB
| Q4 25 | $2.1B | $3.6B | ||
| Q3 25 | $2.1B | $3.5B | ||
| Q2 25 | $1.9B | $3.1B | ||
| Q1 25 | $1.9B | $3.0B | ||
| Q4 24 | $1.8B | $3.0B | ||
| Q3 24 | $1.8B | $3.0B | ||
| Q2 24 | $1.7B | $2.9B | ||
| Q1 24 | $1.7B | $2.9B |
总资产CUBIINDB
| Q4 25 | $24.9B | $24.9B | ||
| Q3 25 | $24.3B | $25.0B | ||
| Q2 25 | $22.6B | $20.0B | ||
| Q1 25 | $22.4B | $19.9B | ||
| Q4 24 | $22.3B | $19.4B | ||
| Q3 24 | $21.5B | $19.4B | ||
| Q2 24 | $20.9B | $19.4B | ||
| Q1 24 | $21.3B | $19.3B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $494.8M | $78.9M |
| 自由现金流经营现金流 - 资本支出 | $481.0M | $75.5M |
| 自由现金流率自由现金流/营收 | 203.0% | 35.5% |
| 资本支出强度资本支出/营收 | 5.8% | 1.6% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | $843.0M | $239.0M |
8季度趋势，按日历期对齐
经营现金流CUBIINDB
| Q4 25 | $494.8M | $78.9M | ||
| Q3 25 | $116.9M | $52.2M | ||
| Q2 25 | $162.2M | $106.7M | ||
| Q1 25 | $94.1M | $13.3M | ||
| Q4 24 | $145.1M | $42.9M | ||
| Q3 24 | $24.4M | $70.2M | ||
| Q2 24 | $6.1M | $65.6M | ||
| Q1 24 | $-18.8M | $51.1M |
自由现金流CUBIINDB
| Q4 25 | $481.0M | $75.5M | ||
| Q3 25 | $106.4M | $49.7M | ||
| Q2 25 | $162.1M | $102.5M | ||
| Q1 25 | $93.4M | $11.3M | ||
| Q4 24 | $143.6M | $36.5M | ||
| Q3 24 | $24.1M | $64.4M | ||
| Q2 24 | $5.8M | $61.9M | ||
| Q1 24 | $-19.2M | $46.7M |
自由现金流率CUBIINDB
| Q4 25 | 203.0% | 35.5% | ||
| Q3 25 | 45.9% | 24.4% | ||
| Q2 25 | 78.6% | 69.5% | ||
| Q1 25 | 65.4% | 7.8% | ||
| Q4 24 | 85.5% | 25.2% | ||
| Q3 24 | 14.4% | 45.4% | ||
| Q2 24 | 2.9% | 44.9% | ||
| Q1 24 | -10.6% | 34.0% |
资本支出强度CUBIINDB
| Q4 25 | 5.8% | 1.6% | ||
| Q3 25 | 4.5% | 1.2% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 0.9% | 4.4% | ||
| Q3 24 | 0.2% | 4.1% | ||
| Q2 24 | 0.2% | 2.7% | ||
| Q1 24 | 0.2% | 3.2% |
现金转化率CUBIINDB
| Q4 25 | — | 1.05× | ||
| Q3 25 | 1.54× | 1.52× | ||
| Q2 25 | 2.66× | 2.09× | ||
| Q1 25 | 7.29× | 0.30× | ||
| Q4 24 | — | 0.86× | ||
| Q3 24 | 0.52× | 1.64× | ||
| Q2 24 | 0.10× | 1.28× | ||
| Q1 24 | -0.38× | 1.07× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
