IBCP vs CGBD

Comparison between Independent Bank Corporation (Ionia MI) (IBCP, Company) and Carlyle Secured Lending Inc (CGBD, Company).

Both IBCP and CGBD are from the Financial Services sector.

5-Year PerformanceIBCP has outperformed CGBD, delivering a return of +16.4% compared to +7.6%

IBCP vs CGBD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBCP(COMPANY)	CGBD(COMPANY)
Market Cap	$747M	$745M
Max Drawdown	98.00%	78.14%
Sharpe Ratio	0.60	-0.67
5Y Beta	0.73	0.61
Industry	Banks - Regional	Asset Management
P/E Ratio	10.72	14.92
Forward P/E	12.05	7.54
PEG Ratio	1.62	3.54
Dividend Yield	2.92%	15.40%
5Y Dividends CAGR	5.61%	5.96%
5Y EPS CAGR	0.15%	N/A
Debt to Equity	0.00%	123.55%
Free Cash Flow Yield	3.46%	-18.52%
P/S Ratio	3.29	2.73
P/B Ratio	1.46	0.65

Market Cap

Winner

IBCP

$747M

CGBD

$745M

Max Drawdown

IBCP

98.00%

Winner

CGBD

78.14%

Sharpe Ratio

Winner

IBCP

0.60

CGBD

-0.67

5Y Beta

IBCP

0.73

Winner

CGBD

0.61

Industry

IBCP

Banks - Regional

CGBD

Asset Management

P/E Ratio

Winner

IBCP

10.72

CGBD

14.92

Forward P/E

IBCP

12.05

Winner

CGBD

7.54

PEG Ratio

Winner

IBCP

1.62

CGBD

3.54

Dividend Yield

IBCP

2.92%

Winner

CGBD

15.40%

5Y Dividends CAGR

IBCP

5.61%

Winner

CGBD

5.96%

5Y EPS CAGR

IBCP

0.15%

CGBD

N/A

Debt to Equity

Winner

IBCP

0.00%

CGBD

123.55%

Free Cash Flow Yield

Winner

IBCP

3.46%

CGBD

-18.52%

P/S Ratio

IBCP

3.29

Winner

CGBD

2.73

P/B Ratio

IBCP

1.46

Winner

CGBD

0.65

IBCP vs CGBD - Historical Returns

Returns include dividend reinvestment.

Period	IBCP	CGBD
1 month	+6.24%	-0.58%
3 months	+5.54%	-8.65%
6 months	+9.28%	-12.97%
1 year	+9.55%	-15.82%
5 years(CAGR)	+16.40%	+7.60%
10 years(CAGR)	+13.14%	+6.52%
Max(CAGR)	+7.57%	+6.52%

Winner

IBCP

+6.24%

CGBD

-0.58%

Winner

IBCP

+5.54%

CGBD

-8.65%

Winner

IBCP

+9.28%

CGBD

-12.97%

Winner

IBCP

+9.55%

CGBD

-15.82%

5Y(CAGR)

Winner

IBCP

+16.40%

CGBD

+7.60%

10Y(CAGR)

Winner

IBCP

+13.14%

CGBD

+6.52%

Max(CAGR)

Winner

IBCP

+7.57%

CGBD

+6.52%

IBCP vs CGBD - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	IBCP	CGBD
2026	+14.95%	-10.82%
2025	-2.22%	-22.30%
2024	+39.94%	+33.98%
2023	+12.93%	+15.85%
2022	+2.86%	+17.64%
2021	+32.60%	+49.86%
2020	-14.28%	-8.93%
2019	+9.60%	+17.77%
2018	-5.62%	-25.29%
2017	+3.33%	+18.03%
2016	+51.39%	N/A
2015	+22.89%	N/A
2014	+8.49%	N/A
2013	+242.86%	N/A
2012	+157.68%	N/A
2011	-2.21%	N/A
2010	+78.08%	N/A
2009	-67.38%	N/A
2008	-75.62%	N/A
2007	-60.53%	N/A
2006	-7.84%	N/A
2005	+0.96%	N/A
2004	+6.99%	N/A
2003	+57.58%	N/A
2002	+11.75%	N/A
2001	+54.45%	N/A

IBCP vs CGBD Drawdown Comparison

The maximum drawdown for IBCP was -97.75%, occurring on Dec 1, 2009. Recovery took 3117 trading sessions.

The maximum drawdown for CGBD was -71.12%, occurring on Mar 23, 2020. Recovery took 804 trading sessions.

The current IBCP drawdown is -3.55%. The current CGBD drawdown is -32.10%.

Rank	IBCP	CGBD
#1	-97.75% Dec 1, 2005 - Apr 23, 2018	-71.12% Dec 29, 2017 - Mar 12, 2021
#2	-61.76% Jun 8, 2018 - Mar 12, 2021	-35.08% Jan 31, 2025 - Mar 16, 2026
#3	-36.44% Dec 1, 2022 - Dec 13, 2023	-18.93% Aug 12, 2022 - Nov 15, 2022
#4	-29.16% Jan 14, 2022 - Dec 1, 2022	-17.72% Apr 19, 2022 - Aug 11, 2022
#5	-27.46% Nov 11, 2024 - Jul 16, 2026	-13.98% Feb 24, 2023 - Jul 7, 2023
#6	-20.87% Dec 11, 2003 - Nov 29, 2004	-12.77% Jul 28, 2023 - Dec 13, 2023
#7	-18.51% Apr 12, 2021 - Nov 5, 2021	-12.20% Jul 16, 2024 - Dec 11, 2024
#8	-18.26% Aug 22, 2001 - Dec 11, 2001	-9.75% Oct 3, 2017 - Dec 27, 2017
#9	-17.08% Jun 14, 2002 - Aug 26, 2002	-7.87% Apr 29, 2021 - Aug 4, 2021
#10	-13.78% Mar 7, 2005 - Jul 28, 2005	-5.55% Jan 8, 2024 - Feb 27, 2024
#11	-13.47% Jan 30, 2024 - Jun 28, 2024	-5.32% Aug 12, 2021 - Oct 19, 2021
#12	-12.84% Oct 1, 2002 - Apr 22, 2003	-4.84% Nov 5, 2021 - Jan 4, 2022
#13	-12.05% May 31, 2001 - Jul 16, 2001	-4.47% Jan 12, 2022 - Mar 2, 2022
#14	-11.89% Jun 4, 2003 - Jul 2, 2003	-3.91% Mar 2, 2022 - Mar 17, 2022
#15	-11.09% Sep 19, 2024 - Nov 6, 2024	-3.68% Jan 3, 2025 - Jan 16, 2025

Correlation

Correlation between IBCP and CGBD is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2001 - 2026)

IBCP vs CGBD dividend yield comparison.

Year	IBCP	CGBD
2026	1.54%	7.18%
2025	3.20%	13.21%
2024	2.76%	10.43%
2023	3.54%	11.76%
2022	3.68%	11.46%
2021	3.52%	10.92%
2020	4.33%	14.33%
2019	3.18%	13.00%
2018	2.85%	13.55%
2017	1.88%	6.09%
2016	1.57%	0.00%
2015	1.71%	0.00%
2014	1.38%	0.00%
2009	4.17%	0.00%
2008	15.74%	0.00%
2007	8.74%	0.00%
2005	2.62%	0.00%
2004	1.64%	0.00%
2003	2.52%	0.00%
2002	2.38%	0.00%
2001	2.18%	0.00%