Which has grown faster, IBCP or MFIC?

Over the past five years, IBCP grew revenue faster — IBCP at a 7.43% CAGR versus MFIC at 4.49%.

Does IBCP or MFIC pay a bigger dividend?

IBCP yields 3.06% and MFIC yields 15.38% based on trailing dividends and the latest price.

Is IBCP or MFIC more profitable?

IBCP runs the higher net margin — IBCP at 22.71% versus MFIC at -11.40%.

How have IBCP and MFIC total returns compared?

Over the past 10 years, IBCP delivered 11.85% and MFIC delivered 4.66% annualized total return. Past performance doesn't predict future results.

Independent Bank Corporation (IBCP) vs MidCap Financial Investment Corporation (MFIC)

A side-by-side comparison of Independent Bank Corporation and MidCap Financial Investment Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

IBCP

Independent Bank Corporation

$737M

$35.79Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

MFIC

MidCap Financial Investment Corporation

$700M

$8.50Financial ServicesDelayed quote: Oct 6, 2026, 4:00 PM EDT

Total return — IBCP vs MFIC

growth of $100 · dividends reinvested · last 10y

IBCP +207.1% (+11.9%/yr)MFIC +57.7% (+4.7%/yr)IBCP compounded faster over this window

IBCP MFIC

IBCP vs MFIC: by the numbers

•IBCP is the larger company ($737M vs $700M market cap).
•IBCP is profitable (22.71% net margin) while MFIC runs a net loss (-11.40%).
•IBCP grew revenue faster over the past five years (7.43% vs 4.49% CAGR).
•MFIC pays the higher dividend yield (15.38% vs 3.06%).

Metrics side by side

Valuation

Metric	IBCP	MFIC
P/E ratio	10.40	N/A
Forward P/E	10.04	5.69
PEG ratio	1.97	N/A
P/S ratio	2.33	2.69
P/B ratio	1.40	0.64

Profitability

Metric	IBCP	MFIC
Gross margin	N/A	83.40%
Operating margin	26.72%	71.64%
Net margin	22.71%	-11.40%
ROE	13.58%	-2.69%

Independent Bank Corporation: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	IBCP	MFIC
Dividend yield	3.06%	15.38%
Payout ratio	31.98%	N/A

Growth (annualized)

Metric	IBCP	MFIC
Revenue CAGR (5Y)	7.43%	4.49%
EPS CAGR (5Y)	5.21%	N/A
Total return CAGR (5Y)	14.52%	3.36%

Frequently asked

Which has grown faster, IBCP or MFIC?: Over the past five years, IBCP grew revenue faster — IBCP at a 7.43% CAGR versus MFIC at 4.49%.
Does IBCP or MFIC pay a bigger dividend?: IBCP yields 3.06% and MFIC yields 15.38% based on trailing dividends and the latest price.
Is IBCP or MFIC more profitable?: IBCP runs the higher net margin — IBCP at 22.71% versus MFIC at -11.40%.
How have IBCP and MFIC total returns compared?: Over the past 10 years, IBCP delivered 11.85% and MFIC delivered 4.66% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IBCP analysis Full MFIC analysis Interactive comparison tool

Dig into the metrics

Independent Bank P/E ratio Independent Bank dividend yield MidCap Financial Investment dividend yield Independent Bank ROE MidCap Financial Investment ROE Independent Bank operating margin MidCap Financial Investment operating margin Independent Bank revenue growth MidCap Financial Investment revenue growth

Independent Bank & MidCap Financial Investment appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.