COMP <GO>
IBCP vs HSBC // ALTMAN Z-SCORE & DEBT/EQUITY
Independent Bank Corporation (NASDAQ) VS. HSBC Holdings plc. (NYSE) • 15-METRIC TALLY: IBCP 6
— HSBC 3
■ METRIC PARITY
LAST: $37.35 (+2.13%) • MKT CAP: $824.7M
balance-sheet
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LAST: $85.91 (+0.57%) • MKT CAP: $294.96B
balance-sheet
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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IBCP VS. HSBC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IBCP | HSBC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 13.60% | 9.90% | +3.70 | IBCP | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 21.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 8.57% | 2.21% | +6.36 | IBCP | /fcf-yield <GO> |
| Operating Margin | — | 13.90% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 68.00% | 10.90% | +57.10 | IBCP | /net-margins <GO> |
| Revenue Growth (YoY) | 0.30% | 23.10% | -22.80 | HSBC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.64% | 0.00% | +2.64 | IBCP | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 8/9 | -3.00 | HSBC | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 59.3 | 30.3 | +29.00 | IBCP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 0.92 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 11.2x | 27.6x | -16.40 | IBCP | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $824.7M | $294.96B | -$294.13B | HSBC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IBCP REV | HSBC REV | IBCP GROSS % | HSBC GROSS % | IBCP FCF | HSBC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $32.1M | — | — | — | $70.2M | — |
| FY 2024 | $32.0M | — | — | — | $55.2M | — |
| FY 2023 | $32.9M | — | — | — | $75.6M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IBCP // BETA —
HSBC // BETA 0.92