Is IBCP or IBOC more undervalued in 2026?

CirclFi compares Independent Bank Corporation (IBCP) and International Bancshares Corpor (IBOC) using 13 institutional-grade valuation models. IBCP has a Quality of Company score of 8.5/10 while IBOC scores 9.2/10.

Which is a better buy — IBCP or IBOC?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do IBCP and IBOC valuations compare?

IBCP at $34.14 and IBOC at $72.41 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

IBCP vs IBOC Valuation Comparison 2026 — Intrinsic Value Analysis

IBCP

Banks - Regional

Independent Bank Corporation

Quality

8.5

out of 10

Value Trap

SAFE

Price

$34.14

Last close

Models

11/13

Active

IBOC

Banks - Regional

International Bancshares Corpor

Quality

9.2

out of 10

Value Trap

SAFE

Price

$72.41

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	IBCP Fair Value	IBCP Upside	IBOC Fair Value	IBOC Upside
Bayesian DCF	Intrinsic	$29.59	-13.3%	$119.60	+65.2%
Earnings Power Value	Intrinsic	$31.13	-8.8%	$61.62	-14.9%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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IBCP vs IBOC — Which Stock Is More Undervalued?

IBOC scores higher with a 9.2/10 quality rating vs IBCP's 8.5/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Independent Bank Corporation (IBCP) and International Bancshares Corpor (IBOC) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

IBCP currently trades at $34.14 with a QOC of 8.5/10, while IBOC trades at $72.41 with a QOC of 9.2/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).