IBCP vs FWRG

Comparison between Independent Bank Corporation (Ionia MI) (IBCP, Company) and First Watch Restaurant Group Inc (FWRG, Company).

IBCP is from the Financial Services sector, while FWRG is from the Consumer Cyclical sector.

5-Year PerformanceIBCP has outperformed FWRG, delivering a return of +16.4% compared to -11.3%

IBCP vs FWRG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBCP(COMPANY)	FWRG(COMPANY)
Market Cap	$747M	$744M
Max Drawdown	98.00%	60.38%
Sharpe Ratio	0.40	-0.40
5Y Beta	0.73	1.19
Industry	Banks - Regional	Restaurants
P/E Ratio	10.72	41.94
Forward P/E	12.05	63.69
PEG Ratio	1.62	0.70
Dividend Yield	2.81%	N/A
5Y Dividends CAGR	5.61%	N/A
5Y EPS CAGR	0.15%	N/A
Debt to Equity	0.00%	0.00%
Free Cash Flow Yield	3.46%	-1.27%
P/S Ratio	3.29	0.60
P/B Ratio	1.46	1.19

Market Cap

Winner

IBCP

$747M

FWRG

$744M

Max Drawdown

IBCP

98.00%

Winner

FWRG

60.38%

Sharpe Ratio

Winner

IBCP

0.40

FWRG

-0.40

5Y Beta

Winner

IBCP

0.73

FWRG

1.19

Industry

IBCP

Banks - Regional

FWRG

Restaurants

P/E Ratio

Winner

IBCP

10.72

FWRG

41.94

Forward P/E

Winner

IBCP

12.05

FWRG

63.69

PEG Ratio

IBCP

1.62

Winner

FWRG

0.70

Dividend Yield

IBCP

2.81%

FWRG

N/A

5Y Dividends CAGR

IBCP

5.61%

FWRG

N/A

5Y EPS CAGR

IBCP

0.15%

FWRG

N/A

Debt to Equity

IBCP

0.00%

FWRG

0.00%

Free Cash Flow Yield

Winner

IBCP

3.46%

FWRG

-1.27%

P/S Ratio

IBCP

3.29

Winner

FWRG

0.60

P/B Ratio

IBCP

1.46

Winner

FWRG

1.19

IBCP vs FWRG - Historical Returns

Returns include dividend reinvestment.

Period	IBCP	FWRG
1 month	+6.24%	+8.45%
3 months	+5.54%	-2.35%
6 months	+9.28%	-25.45%
1 year	+9.55%	-26.59%
5 years(CAGR)	+16.40%	-11.31%
10 years(CAGR)	+13.14%	N/A
Max(CAGR)	+7.57%	-11.31%

IBCP

+6.24%

Winner

FWRG

+8.45%

Winner

IBCP

+5.54%

FWRG

-2.35%

Winner

IBCP

+9.28%

FWRG

-25.45%

Winner

IBCP

+9.55%

FWRG

-26.59%

5Y(CAGR)

Winner

IBCP

+16.40%

FWRG

-11.31%

10Y(CAGR)

IBCP

+13.14%

FWRG

N/A

Max(CAGR)

Winner

IBCP

+7.57%

FWRG

-11.31%

IBCP vs FWRG - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	IBCP	FWRG
2026	+14.95%	-19.00%
2025	-2.22%	-19.74%
2024	+39.94%	-5.15%
2023	+12.93%	+44.81%
2022	+2.86%	-22.38%
2021	+32.60%	-24.27%
2020	-14.28%	N/A
2019	+9.60%	N/A
2018	-5.62%	N/A
2017	+3.33%	N/A
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 FWRG Drawdown Comparison

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

The maximum drawdown for FWRG was -60.38%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current IBCP drawdown is -3.55%. The current FWRG drawdown is -51.21%.

Rank	IBCP	FWRG
#1	-97.75% Dec 1, 2005 - Apr 23, 2018	-60.38% Apr 30, 2024 - Mar 30, 2026
#2	-61.76% Jun 8, 2018 - Mar 12, 2021	-47.51% Oct 22, 2021 - Feb 8, 2024
#3	-36.44% Dec 1, 2022 - Dec 13, 2023	-13.39% Mar 4, 2024 - Apr 30, 2024
#4	-29.16% Jan 14, 2022 - Dec 1, 2022	-6.63% Oct 8, 2021 - Oct 22, 2021
#5	-27.46% Nov 11, 2024 - Jul 16, 2026	-3.75% Oct 1, 2021 - Oct 6, 2021
#6	-20.87% Dec 11, 2003 - Nov 29, 2004	-2.84% Feb 12, 2024 - Feb 15, 2024
#7	-18.51% Apr 12, 2021 - Nov 5, 2021	-2.13% Feb 16, 2024 - Feb 26, 2024
#8	-18.26% Aug 22, 2001 - Dec 11, 2001	-2.12% Oct 6, 2021 - Oct 8, 2021
#9	-17.08% Jun 14, 2002 - Aug 26, 2002	-0.56% Feb 28, 2024 - Mar 1, 2024
#10	-13.78% Mar 7, 2005 - Jul 28, 2005	N/A
#11	-13.47% Jan 30, 2024 - Jun 28, 2024	N/A
#12	-12.84% Oct 1, 2002 - Apr 22, 2003	N/A
#13	-12.05% May 31, 2001 - Jul 16, 2001	N/A
#14	-11.89% Jun 4, 2003 - Jul 2, 2003	N/A
#15	-11.09% Sep 19, 2024 - Nov 6, 2024	N/A