IBCP vs. NBN
IBCP (Independent Bank Corporation) and NBN (Northeast Bank) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, IBCP returned 13.19%/yr vs 27.55%/yr for NBN. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
IBCP vs. NBN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBCP having a 19.34% return and NBN slightly higher at 19.49%. Over the past 10 years, IBCP has underperformed NBN with an annualized return of 13.19%, while NBN has yielded a comparatively higher 27.55% annualized return.
IBCP
- 1D
- 0.03%
- 1M
- 5.99%
- 6M
- 10.44%
- YTD
- 19.34%
- 1Y
- 31.26%
- 3Y*
- 27.15%
- 5Y*
- 17.03%
- 10Y*
- 13.19%
- ALL TIME*
- 7.68%
NBN
- 1D
- 1.03%
- 1M
- -7.67%
- 6M
- 7.78%
- YTD
- 19.49%
- 1Y
- 33.57%
- 3Y*
- 37.75%
- 5Y*
- 31.32%
- 10Y*
- 27.55%
- ALL TIME*
- 10.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $8.54M | $7.92M | $6.46M | |
| $17.90M | $16.83M | $17.61M |
IBCP vs. NBN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCP Independent Bank Corporation | 19.34% | -3.48% | 38.48% | 14.02% | 4.35% | 34.30% | -14.28% | 11.37% | -3.50% | 4.99% |
NBN Northeast Bank | 19.49% | 13.35% | 66.31% | 31.21% | 17.95% | 58.86% | 2.63% | 31.69% | -27.59% | 77.10% |
Correlation
The correlation between IBCP and NBN is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.20 |
Over the past year, IBCP and NBN have become more correlated (0.68) than their long-term average of 0.20, meaning their price movements have been converging.
Fundamentals
IBCP:
$787.16M
NBN:
$1.03B
IBCP:
$3.44
NBN:
$12.74
IBCP:
11.09
NBN:
9.75
IBCP:
3.24
NBN:
0.39
IBCP:
2.52
NBN:
2.74
IBCP:
1.50
NBN:
1.74
IBCP:
$316.02M
NBN:
$381.72M
IBCP:
$225.32M
NBN:
$233.61M
IBCP:
$91.95M
NBN:
$149.54M
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Return for Risk
IBCP vs. NBN — Risk / Return Rank
IBCP
NBN
IBCP vs. NBN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Independent Bank Corporation (IBCP) and Northeast Bank (NBN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IBCP | NBN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.15 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.18 | 0.92 | +1.26 |
| Martin ratioReturn relative to average drawdown | 4.99 | 2.35 | +2.64 |
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Drawdowns
IBCP vs. NBN - Drawdown Comparison
The maximum IBCP drawdown since its inception was -97.75%, which is greater than NBN's maximum drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for IBCP and NBN.
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Drawdown Indicators
| IBCP | NBN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.75% | -70.51% | -27.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.50% | -27.57% | +14.07% |
Max Drawdown (3Y)Largest decline over 3 years | -27.45% | -27.57% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.45% | -29.30% | -7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -61.75% | -70.25% | +8.50% |
Current DrawdownCurrent decline from peak | -1.22% | -9.70% | +8.48% |
Average DrawdownAverage peak-to-trough decline | -34.05% | -23.66% | -10.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.89% | 10.80% | -4.91% |
Volatility
IBCP vs. NBN - Volatility Comparison
The current volatility for Independent Bank Corporation (IBCP) is 8.06%, while Northeast Bank (NBN) has a volatility of 10.99%. This indicates that IBCP experiences smaller price fluctuations and is considered to be less risky than NBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBCP | NBN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 10.99% | -2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 16.45% | 22.04% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.38% | 35.05% | -10.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.29% | 33.15% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.68% | 40.86% | -6.18% |
Dividends
IBCP vs. NBN - Dividend Comparison
IBCP's dividend yield for the trailing twelve months is around 2.83%, more than NBN's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCP Independent Bank Corporation | 2.83% | 3.20% | 2.76% | 3.54% | 3.68% | 3.52% | 4.33% | 3.18% | 2.85% | 1.88% | 1.57% | 1.71% |
NBN Northeast Bank | 0.03% | 0.04% | 0.04% | 0.07% | 0.10% | 0.11% | 0.18% | 0.18% | 0.24% | 0.17% | 0.31% | 0.38% |
Financials
IBCP vs. NBN - Financials Comparison
This section allows you to compare key financial metrics between Independent Bank Corporation and Northeast Bank. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
IBCP vs. NBN - Profitability Comparison
IBCP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Independent Bank Corporation reported a gross profit of 60.52M and revenue of 82.63M. Therefore, the gross margin over that period was 73.2%.
NBN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Northeast Bank reported a gross profit of 65.92M and revenue of 104.71M. Therefore, the gross margin over that period was 63.0%.
IBCP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Independent Bank Corporation reported an operating income of 22.71M and revenue of 82.63M, resulting in an operating margin of 27.5%.
NBN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Northeast Bank reported an operating income of 42.45M and revenue of 104.71M, resulting in an operating margin of 40.5%.
IBCP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Independent Bank Corporation reported a net income of 18.81M and revenue of 82.63M, resulting in a net margin of 22.8%.
NBN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Northeast Bank reported a net income of 34.34M and revenue of 104.71M, resulting in a net margin of 32.8%.
Frequently Asked Questions
IBCP and NBN have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBN has higher volatility (10.99%) compared to IBCP (8.06%). In terms of maximum drawdown, IBCP dropped -97.75% vs NBN's -70.51%.
IBCP currently has the higher Sharpe Ratio (1.21 vs 0.72), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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