NEWTH vs IBCP

Comparison between NewtekOne Inc (NEWTH, Company) and Independent Bank Corporation (Ionia MI) (IBCP, Company).

NEWTH vs IBCP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NEWTH(COMPANY)	IBCP(COMPANY)
Market Cap	$728M	$727M
Max Drawdown	7.91%	98.00%
Sharpe Ratio	0.70	0.57
5Y Beta	0.10	0.75
Industry	N/A	Banks - Regional
P/E Ratio	11.04	10.43
Forward P/E	N/A	12.05
PEG Ratio	0.71	1.58
Dividend Yield	2.94%	3.00%
5Y Dividends CAGR	N/A	5.61%
5Y EPS CAGR	N/A	0.15%
Debt to Equity	136.02%	0.00%
Free Cash Flow Yield	N/A	3.55%
P/S Ratio	N/A	3.23
P/B Ratio	N/A	1.42

Market Cap

Winner

NEWTH

$728M

IBCP

$727M

Max Drawdown

Winner

NEWTH

7.91%

IBCP

98.00%

Sharpe Ratio

Winner

NEWTH

0.70

IBCP

0.57

5Y Beta

Winner

NEWTH

0.10

IBCP

0.75

Industry

NEWTH

N/A

IBCP

Banks - Regional

P/E Ratio

NEWTH

11.04

Winner

IBCP

10.43

Forward P/E

NEWTH

N/A

IBCP

12.05

PEG Ratio

Winner

NEWTH

0.71

IBCP

1.58

Dividend Yield

NEWTH

2.94%

Winner

IBCP

3.00%

5Y Dividends CAGR

NEWTH

N/A

IBCP

5.61%

5Y EPS CAGR

NEWTH

N/A

IBCP

0.15%

Debt to Equity

NEWTH

136.02%

Winner

IBCP

0.00%

Free Cash Flow Yield

NEWTH

N/A

IBCP

3.55%

P/S Ratio

NEWTH

N/A

IBCP

3.23

P/B Ratio

NEWTH

N/A

IBCP

1.42

NEWTH vs IBCP - Historical Returns

Returns include dividend reinvestment.

Period	NEWTH	IBCP
1 month	-0.16%	+5.75%
3 months	-0.06%	+8.03%
6 months	+1.50%	+3.43%
1 year	+7.36%	+16.81%
5 years(CAGR)	N/A	+13.85%
10 years(CAGR)	N/A	+13.05%
Max(CAGR)	+6.78%	+7.49%

NEWTH

-0.16%

Winner

IBCP

+5.75%

NEWTH

-0.06%

Winner

IBCP

+8.03%

NEWTH

+1.50%

Winner

IBCP

+3.43%

NEWTH

+7.36%

Winner

IBCP

+16.81%

5Y(CAGR)

NEWTH

N/A

IBCP

+13.85%

10Y(CAGR)

NEWTH

N/A

IBCP

+13.05%

Max(CAGR)

NEWTH

+6.78%

Winner

IBCP

+7.49%

NEWTH vs IBCP - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	NEWTH	IBCP
2026	+1.01%	+12.01%
2025	+7.18%	-2.22%
2024	+2.38%	+39.94%
2023	N/A	+12.93%
2022	N/A	+2.86%
2021	N/A	+32.60%
2020	N/A	-14.28%
2019	N/A	+9.60%
2018	N/A	-5.62%
2017	N/A	+3.33%
2016	N/A	+51.39%
2015	N/A	+22.89%
2014	N/A	+8.49%
2013	N/A	+242.86%
2012	N/A	+157.68%
2011	N/A	-2.21%
2010	N/A	+78.08%
2009	N/A	-67.38%
2008	N/A	-75.62%
2007	N/A	-60.53%
2006	N/A	-7.84%
2005	N/A	+0.96%
2004	N/A	+6.99%
2003	N/A	+57.58%
2002	N/A	+11.75%
2001	N/A	+54.45%

NEWTH vs IBCP Drawdown Comparison

The maximum drawdown for NEWTH was -5.48%, occurring on Apr 7, 2025. Recovery took 47 trading sessions.

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

The current NEWTH drawdown is -2.06%. The current IBCP drawdown is -4.46%.

Rank	NEWTH	IBCP
#1	-5.48% Mar 3, 2025 - May 8, 2025	-97.75% Dec 1, 2005 - Apr 23, 2018
#2	-3.84% Feb 20, 2026 - Apr 13, 2026	-61.76% Jun 8, 2018 - Mar 12, 2021
#3	-2.45% Apr 13, 2026 - Apr 17, 2026	-36.44% Dec 1, 2022 - Dec 13, 2023
#4	-2.14% Nov 12, 2024 - Dec 23, 2024	-29.16% Jan 14, 2022 - Dec 1, 2022
#5	-1.70% Dec 26, 2024 - Feb 21, 2025	-27.46% Nov 11, 2024 - Apr 4, 2025
#6	-1.19% May 9, 2025 - Jun 3, 2025	-20.87% Dec 11, 2003 - Nov 29, 2004
#7	-1.07% Nov 17, 2025 - Dec 2, 2025	-18.51% Apr 12, 2021 - Nov 5, 2021
#8	-0.99% Jul 30, 2025 - Oct 6, 2025	-18.26% Aug 22, 2001 - Dec 11, 2001
#9	-0.92% Oct 27, 2025 - Nov 6, 2025	-17.08% Jun 14, 2002 - Aug 26, 2002
#10	-0.87% Feb 4, 2026 - Feb 12, 2026	-13.78% Mar 7, 2005 - Jul 28, 2005
#11	-0.79% Dec 16, 2025 - Jan 2, 2026	-13.47% Jan 30, 2024 - Jun 28, 2024
#12	-0.75% Oct 18, 2024 - Nov 1, 2024	-12.84% Oct 1, 2002 - Apr 22, 2003
#13	-0.72% Jun 10, 2025 - Jul 2, 2025	-12.05% May 31, 2001 - Jul 16, 2001
#14	-0.52% Jan 15, 2026 - Jan 26, 2026	-11.89% Jun 4, 2003 - Jul 2, 2003
#15	-0.52% Sep 19, 2024 - Oct 11, 2024	-11.09% Sep 19, 2024 - Nov 6, 2024

Correlation

Correlation between NEWTH and IBCP is 0.35 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.35

-101

Dividend Comparison (2001 - 2026)

NEWTH vs IBCP dividend yield comparison.

Year	NEWTH	IBCP
2026	2.14%	1.58%
2025	9.24%	3.20%
2024	0.00%	2.76%
2023	0.00%	3.54%
2022	0.00%	3.68%
2021	0.00%	3.52%
2020	0.00%	4.33%
2019	0.00%	3.18%
2018	0.00%	2.85%
2017	0.00%	1.88%
2016	0.00%	1.57%
2015	0.00%	1.71%
2014	0.00%	1.38%
2009	0.00%	4.17%
2008	0.00%	15.74%
2007	0.00%	8.74%
2005	0.00%	2.62%
2004	0.00%	1.64%
2003	0.00%	2.52%
2002	0.00%	2.38%
2001	0.00%	2.18%