If Bancorp Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of If Bancorp Inc (IROQ) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: If Bancorp Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 29M vs 151,765M combined for tracked competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+2.2% annualized vs trailing 12 months), vs holding steady (+1.9%) for its tracked peer group.
- Growth: If Bancorp Inc generated 8.5% revenue growth year over year in Q2 2025, vs 19.9% for its tracked competitors combined.
- Profitability: Its 18.2% net margin compares with 25.4% for the peer group.
- Peer revenue share: If Bancorp Inc accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.26M compares with $0.52M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
IROQ Sales vs. its Competitors, Q2 2025
If Bancorp Inc reported revenue growth of 8.52 % year on year in Q2 2025, below its competitors' combined revenue growth of 19.89 %.
With a net margin of 18.20 %, If Bancorp Inc reported lower profitability than its competitors (25.37 %).
If Bancorp Inc generated 0.02 % of the combined sales of its peer group, up from 0.02 % a year earlier.
If Bancorp Inc vs. its Competitors, Q2 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across If Bancorp Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| If Bancorp Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (1) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across If Bancorp Inc's competitor groups requires a Commercial License.
For context: the S&Ls Savings Banks industry grew revenue 2,106.4% year over year, combined, vs 8.5% for If Bancorp Inc. If Bancorp Inc's share of combined industry revenue moved from 0.13% to 0.01%, a loss of 0.13 percentage points.
If Bancorp Inc's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| If Bancorp Inc | Yes | Yes | Yes | No |
| Competitors combined (8) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 28.60 % (2 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
IROQ Stock Performance relative to its Competitors
IROQ Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Old Second Bancorp Inc | 282.9% | Outperformed |
| 2 | First Financial Corporation | 282.9% | Outperformed |
| 3 | Qcr Holdings inc | 282.9% | Outperformed |
| 4 | First Mid Bancshares Inc | 282.9% | Outperformed |
| 5 | First Busey Corporation | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for If Bancorp Inc's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
If Bancorp Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of If Bancorp Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| If Bancorp Inc | 86.11 | 28.55 |
| Bank Of America Corporation | 404,609.27 | 121,098.00 |
| Us Bancorp De | 91,402.90 | 27,885.00 |
| First Busey Corporation | 2,541.07 | 781.88 |
| First Merchants Corp | 2,462.89 | 637.81 |
| Qcr Holdings inc | 1,656.65 | 379.24 |
| SUBTOTAL | 506,259.28 | 151,793.81 |
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Sources: If Bancorp Inc's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on If Bancorp Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
If Bancorp Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| If Bancorp Inc | 86 | 261,945 | 47,450 |
| Bank Of America Corporation | 404,609 | 568,535 | 158,005 |
| Us Bancorp De | 91,403 | 398,357 | 117,029 |
| First Busey Corporation | 2,541 | 408,507 | 120,692 |
| First Merchants Corp | 2,463 | 305,758 | 95,311 |
| Qcr Holdings inc | 1,657 | 365,001 | 136,681 |
| PEERS TOTAL | 506,173 | 521,141 | 146,613 |
If Bancorp Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 37 companies in If Bancorp Inc's industry classification, broader than the peer set above. Market cap in millions of $.If Bancorp Inc ranks #0 of 37 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 5, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 2 | Axos Financial Inc | 4,970 | 1.15 % |
| 3 | Eastern Bankshares Inc | 4,679 | 1.08 % |
| 4 | Tfs Financial Corporation | 4,661 | 1.08 % |
| 5 | Bankunited inc | 3,122 | 0.72 % |
| 6 | Provident Financial Services Inc | 1,234 | 5.2% |
| 7 | Columbia Financial Inc | 1,234 | 5.2% |
| 8 | Brookline Bancorp inc | 1,234 | 5.2% |
| 9 | Capitol Federal Financial Inc | 1,234 | 5.2% |
| 10 | Hometrust Bancshares Inc | 1,234 | 5.2% |
| 11 | Kearny Financial Corp | 1,234 | 5.2% |
| 0 | If Bancorp Inc | 86 | 0.00 % |
Market cap and industry share for the rest of If Bancorp Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-03-12.
If Bancorp Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the S&Ls Savings Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (61 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 55.08 % | 58.30 % (avg) | -3.2 pp |
| Operating Margin | 24.90 % | industry median | +0.0 pp |
| EBITDA Margin | 65.11 % | 37.67 % (avg) | +27.4 pp |
| Capital Intensity (Capex / Revenue) | 0.73 % | 3.69 % (avg) | -3.0 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
If Bancorp Inc's Valuation vs Competitive Position
Valuation multiples vs the S&Ls Savings Banks industry average (61 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 16.5x | 29.5x | -13.0x |
| EV / EBITDA | 4.6x | 10.9x | -6.3x |
| P/B | 1.0x | 1.1x | -0.1x |
| Return on Equity | 6.22 % | industry aggregate | -4.60 % |
| Return on Invested Capital | 2.71 % | 2.28 % (avg) | 0.43 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
If Bancorp Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 3.95 % | 4.45 % | 11.36 % | 10.66 % | 0.18 % | -17.83 % | 8.37 % | 17.86 % |
| Operating Margin | 20.59 % | 24.31 % | 28.16 % | 30.90 % | 27.71 % | 11.34 % | 16.57 % | 24.90 % |
| Return on Invested Capital | 1.82 % | 2.60 % | 3.20 % | 4.05 % | 1.44 % | 0.27 % | 0.41 % | 2.71 % |
| P/E | 24.0x | 19.3x | 12.7x | 12.6x | 10.3x | 25.5x | 25.4x | 16.5x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
If Bancorp Inc's Strategic Group Map
Every company in If Bancorp Inc's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. If Bancorp Inc is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
If Bancorp Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 5 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.73 % vs industry average 3.69 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See If Bancorp Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See If Bancorp Inc's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
If Bancorp Inc's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
If Bancorp Inc falls in the Medium attractiveness / High strength cell: Invest / Grow.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
If Bancorp Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+2.2% annualized vs trailing 12 months).
Weaknesses
- Underperforming the U.S.A. 500 over the trailing 12 months.
Opportunities
- Trades at a lower P/E than the industry average (16.5x vs 29.5x) despite a higher return on invested capital -- a possible re-rating opportunity.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
If Bancorp Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| If Bancorp Inc | - | 0.29 | - |
| Bank Of America Corporation | 0.09 | 0.52 | 1.25 |
| Us Bancorp De | 0.11 | 0.10 | 1.26 |
| First Busey Corporation | 0.02 | 0.05 | 0.14 |
| First Merchants Corp | 0.01 | 0.04 | 0.50 |
| Qcr Holdings inc | 0.02 | 0.23 | 0.31 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
If Bancorp Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| If Bancorp Inc | Q4 2025 | +8.5 % | +8.9 % |
| Bank Of America Corporation | Q2 2026 | +15.0 % | +27.5 % |
| Us Bancorp De | Q2 2026 | +19.1 % | +19.9 % |
| First Busey Corporation | Q2 2026 | +2.3 % | +33.3 % |
| First Merchants Corp | Q1 2026 | -2.5 % | -49.1 % |
| Qcr Holdings inc | Q2 2026 | +15.6 % | +24.9 % |
| PEERS TOTAL | +15.7 % | +25.5 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
If Bancorp Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| If Bancorp Inc | Q4 2025 | - | -5.6 % |
| Bank Of America Corporation | Q2 2026 | - | - |
| Us Bancorp De | Q2 2026 | +7.4 % | - |
| First Busey Corporation | Q2 2026 | -61.6 % | -32.6 % |
| First Merchants Corp | Q1 2026 | +16.7 % | - |
| Qcr Holdings inc | Q2 2026 | +16.4 % | -25.6 % |
If Bancorp Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| If Bancorp Inc | 0.60% | 2.89% | 6.22% |
| Bank Of America Corporation | 0.97% | 2.76% | 11.13% |
| Us Bancorp De | 1.16% | 2.84% | 12.43% |
| First Busey Corporation | 1.27% | 3.38% | 9.51% |
| First Merchants Corp | 1.03% | 5.23% | 8.03% |
| Qcr Holdings inc | 1.48% | 3.76% | 12.70% |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
If Bancorp Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| If Bancorp Inc | 16.49 | 3.02 |
| Bank Of America Corporation | 12.78 | 3.34 |
| Us Bancorp De | 11.73 | 3.28 |
| First Busey Corporation | 11.58 | 3.25 |
| First Merchants Corp | 11.91 | 3.86 |
| Qcr Holdings inc | 11.85 | 4.37 |
| PEERS AVERAGE | 11.86 | 3.34 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.