COMP <GO>
IBCP vs MS // 10Y YIELD & FRED MACRO BETA
Independent Bank Corporation (NASDAQ) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: IBCP 6
— MS 2
■ METRIC PARITY
LAST: $36.57 (-1.43%) • MKT CAP: $819.2M
macro-sensitivity
—
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
macro-sensitivity
1.04
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IBCP VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IBCP | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 13.60% | 3.00% | +10.60 | IBCP | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 31.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 8.57% | -7.25% | +15.82 | IBCP | /fcf-yield <GO> |
| Operating Margin | — | 24.60% | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 68.00% | 20.20% | +47.80 | IBCP | /net-margins <GO> |
| Revenue Growth (YoY) | 0.30% | 5.50% | -5.20 | MS | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.64% | 2.21% | +0.43 | IBCP | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | 5/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 58.6 | 51.0 | +7.60 | IBCP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | — | 1.04 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 11.2x | 16.5x | -5.30 | IBCP | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $819.2M | $298.41B | -$297.59B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IBCP REV | MS REV | IBCP GROSS % | MS GROSS % | IBCP FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $32.1M | $0 | — | — | $70.2M | -$17.89B |
| FY 2024 | $32.0M | $0 | — | — | $55.2M | $1.36B |
| FY 2023 | $32.9M | $0 | — | — | $75.6M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IBCP // BETA —
MS // BETA 1.04