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 12.08%/yr vs 27.15%/yr for NBN. At a 0.20 correlation, their price movements are largely independent.
Performance
IBCP vs. NBN - Performance Comparison
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Returns By Period
In the year-to-date period, IBCP achieves a 3.68% return, which is significantly lower than NBN's 13.56% return. Over the past 10 years, IBCP has underperformed NBN with an annualized return of 12.08%, while NBN has yielded a comparatively higher 27.15% annualized return.
IBCP
- 1D
- -3.12%
- 1M
- 0.45%
- YTD
- 3.68%
- 6M
- -0.77%
- 1Y
- 8.25%
- 3Y*
- 27.80%
- 5Y*
- 11.58%
- 10Y*
- 12.08%
NBN
- 1D
- -2.66%
- 1M
- -4.27%
- YTD
- 13.56%
- 6M
- 27.99%
- 1Y
- 44.77%
- 3Y*
- 47.54%
- 5Y*
- 31.23%
- 10Y*
- 27.15%
IBCP vs. NBN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBCP Independent Bank Corporation | 3.68% | -3.48% | 38.48% | 14.02% | 4.35% | 34.30% | -14.28% | 11.37% | -3.50% | 4.99% |
NBN Northeast Bank | 13.56% | 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 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.20 |
Over the past year, IBCP and NBN have become more correlated (0.71) than their long-term average of 0.20, meaning their price movements have been converging.
Fundamentals
IBCP:
$689.69M
NBN:
$996.75M
IBCP:
$3.35
NBN:
$11.67
IBCP:
9.92
NBN:
10.11
IBCP:
2.90
NBN:
1.13
IBCP:
2.95
NBN:
2.65
IBCP:
1.35
NBN:
1.76
IBCP:
$235.11M
NBN:
$375.47M
IBCP:
$162.83M
NBN:
$226.92M
IBCP:
$67.33M
NBN:
$144.04M
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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.
| IBCP | NBN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.23 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 1.63 | -1.02 |
| Martin ratioReturn relative to average drawdown | 1.16 | 4.18 | -3.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBCP | NBN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.34 | 1.29 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.95 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.67 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.26 | -0.22 |
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 | -10.61% | -8.66% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -34.25% | -23.74% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.13% | 10.74% | -3.61% |
Volatility
IBCP vs. NBN - Volatility Comparison
The current volatility for Independent Bank Corporation (IBCP) is 6.79%, while Northeast Bank (NBN) has a volatility of 9.25%. 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 | 6.79% | 9.25% | -2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 23.79% | -7.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 34.85% | -10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.54% | 32.89% | -3.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.61% | 40.75% | -6.14% |
Dividends
IBCP vs. NBN - Dividend Comparison
IBCP's dividend yield for the trailing twelve months is around 3.25%, more than NBN's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBCP Independent Bank Corporation | 3.25% | 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
Frequently Asked Questions
IBCP and NBN have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBN has higher volatility (9.25%) compared to IBCP (6.79%). In terms of maximum drawdown, IBCP dropped -97.75% vs NBN's -70.51%.
NBN currently has the higher Sharpe Ratio (1.29 vs 0.34), 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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