IBCP vs HRTG

Comparison between Independent Bank Corporation (Ionia MI) (IBCP, Company) and Heritage Insurance Holdings Inc (HRTG, Company).

Both IBCP and HRTG are from the Financial Services sector.

5-Year PerformanceHRTG has outperformed IBCP, delivering a return of +23.7% compared to +14.5%

IBCP vs HRTG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBCP(COMPANY)	HRTG(COMPANY)
Market Cap	$706M	$706M
Max Drawdown	98.00%	95.13%
Sharpe Ratio	0.63	0.28
5Y Beta	0.74	0.48
Industry	Banks - Regional	Insurance - Property & Casualty
P/E Ratio	10.14	3.56
Forward P/E	12.05	N/A
PEG Ratio	1.54	0.02
Dividend Yield	3.05%	N/A
5Y Dividends CAGR	5.61%	0.00%
5Y EPS CAGR	0.15%	N/A
Debt to Equity	0.00%	14.91%
Free Cash Flow Yield	3.66%	28.12%

Market Cap

Winner

IBCP

$706M

HRTG

$706M

Max Drawdown

IBCP

98.00%

Winner

HRTG

95.13%

Sharpe Ratio

Winner

IBCP

0.63

HRTG

0.28

5Y Beta

IBCP

0.74

Winner

HRTG

0.48

Industry

IBCP

Banks - Regional

HRTG

Insurance - Property & Casualty

P/E Ratio

IBCP

10.14

Winner

HRTG

3.56

Forward P/E

IBCP

12.05

HRTG

N/A

PEG Ratio

IBCP

1.54

Winner

HRTG

0.02

Dividend Yield

IBCP

3.05%

HRTG

N/A

5Y Dividends CAGR

Winner

IBCP

5.61%

HRTG

0.00%

5Y EPS CAGR

IBCP

0.15%

HRTG

N/A

Debt to Equity

Winner

IBCP

0.00%

HRTG

14.91%

Free Cash Flow Yield

IBCP

3.66%

Winner

HRTG

28.12%

IBCP vs HRTG - Historical Returns

Returns include dividend reinvestment.

Period	IBCP	HRTG
1 month	+2.45%	-3.00%
3 months	+6.17%	-14.70%
6 months	-0.63%	-22.20%
1 year	+16.79%	+4.21%
5 years(CAGR)	+14.46%	+23.67%
10 years(CAGR)	+12.57%	+7.75%
Max(CAGR)	+7.35%	+7.30%

Winner

IBCP

+2.45%

HRTG

-3.00%

Winner

IBCP

+6.17%

HRTG

-14.70%

Winner

IBCP

-0.63%

HRTG

-22.20%

Winner

IBCP

+16.79%

HRTG

+4.21%

5Y(CAGR)

IBCP

+14.46%

Winner

HRTG

+23.67%

10Y(CAGR)

Winner

IBCP

+12.57%

HRTG

+7.75%

Max(CAGR)

Winner

IBCP

+7.35%

HRTG

+7.30%

IBCP vs HRTG - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	IBCP	HRTG
2026	+8.32%	-14.70%
2025	-2.22%	+139.44%
2024	+39.94%	+87.89%
2023	+12.93%	+252.43%
2022	+2.86%	-68.65%
2021	+32.60%	-41.81%
2020	-14.28%	-21.15%
2019	+9.60%	-9.90%
2018	-5.62%	-15.53%
2017	+3.33%	+14.64%
2016	+51.39%	-23.76%
2015	+22.89%	+11.63%
2014	+8.49%	+68.96%
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 HRTG Drawdown Comparison

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

The maximum drawdown for HRTG was -94.36%, occurring on Oct 20, 2022. Recovery took 2466 trading sessions.

The current IBCP drawdown is -7.61%. The current HRTG drawdown is -25.27%.

Rank	IBCP	HRTG
#1	-97.75% Dec 1, 2005 - Apr 23, 2018	-94.36% Jul 17, 2015 - May 7, 2025
#2	-61.76% Jun 8, 2018 - Mar 12, 2021	-32.95% Nov 14, 2025 - Jun 3, 2026
#3	-36.44% Dec 1, 2022 - Dec 13, 2023	-26.90% May 9, 2025 - Sep 19, 2025
#4	-29.16% Jan 14, 2022 - Dec 1, 2022	-19.47% Sep 19, 2025 - Nov 7, 2025
#5	-27.46% Nov 11, 2024 - Apr 4, 2025	-11.87% Mar 11, 2015 - Jun 30, 2015
#6	-20.87% Dec 11, 2003 - Nov 29, 2004	-11.09% Nov 5, 2014 - Dec 9, 2014
#7	-18.51% Apr 12, 2021 - Nov 5, 2021	-10.65% Jul 1, 2014 - Oct 21, 2014
#8	-18.26% Aug 22, 2001 - Dec 11, 2001	-5.07% Dec 23, 2014 - Feb 5, 2015
#9	-17.08% Jun 14, 2002 - Aug 26, 2002	-5.00% Dec 9, 2014 - Dec 22, 2014
#10	-13.78% Mar 7, 2005 - Jul 28, 2005	-4.26% Jun 20, 2014 - Jul 1, 2014
#11	-13.47% Jan 30, 2024 - Jun 28, 2024	-3.08% Jun 9, 2014 - Jun 11, 2014
#12	-12.84% Oct 1, 2002 - Apr 22, 2003	-2.63% Jul 6, 2015 - Jul 14, 2015
#13	-12.05% May 31, 2001 - Jul 16, 2001	-2.13% Nov 7, 2025 - Nov 12, 2025
#14	-11.89% Jun 4, 2003 - Jul 2, 2003	-1.90% Mar 6, 2015 - Mar 11, 2015
#15	-11.09% Sep 19, 2024 - Nov 6, 2024	-1.79% Oct 21, 2014 - Oct 24, 2014

Correlation

Correlation between IBCP and HRTG is 0.27 which considered as a very weak or no correlation - the stocks move independently of each other.

0.27

-101

Dividend Comparison (2001 - 2026)

IBCP vs HRTG dividend yield comparison.

Year	IBCP	HRTG
2026	1.63%	0.00%
2025	3.20%	0.00%
2024	2.76%	0.00%
2023	3.54%	0.00%
2022	3.68%	6.67%
2021	3.52%	4.08%
2020	4.33%	2.37%
2019	3.18%	1.81%
2018	2.85%	1.63%
2017	1.88%	1.33%
2016	1.57%	1.47%
2015	1.71%	0.23%
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%