Which has grown faster, IBCP or NMFCZ?

Over the past five years, IBCP grew revenue faster — IBCP at a 7.43% CAGR versus NMFCZ at -10.60%.

Does IBCP or NMFCZ pay a bigger dividend?

IBCP yields 3.06% and NMFCZ yields 8.13% based on trailing dividends and the latest price.

Is IBCP or NMFCZ more profitable?

IBCP runs the higher net margin — IBCP at 22.71% versus NMFCZ at -28.24%.

Independent Bank Corporation (IBCP) vs New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ)

A side-by-side comparison of Independent Bank Corporation and New Mountain Finance Corporation 8.250% Notes due 2028 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

$743M

$36.06Financial ServicesDelayed quote: Oct 6, 2026, 11:44 AM EDT

NMFCZ

New Mountain Finance Corporation 8.250% Notes due 2028

$727M

$25.37Financial ServicesDelayed quote: Oct 6, 2026, 11:43 AM EDT

Total return — IBCP vs NMFCZ

growth of $100 · dividends reinvested · last 3y

IBCP +80.2% (+21.7%/yr)NMFCZ +25.0% (+7.7%/yr)IBCP compounded faster over this window

IBCP NMFCZ

IBCP vs NMFCZ: by the numbers

•IBCP is the larger company ($743M vs $727M market cap).
•IBCP is profitable (22.71% net margin) while NMFCZ runs a net loss (-28.24%).
•IBCP grew revenue faster over the past five years (7.43% vs -10.60% CAGR).
•NMFCZ pays the higher dividend yield (8.13% vs 3.06%).

Metrics side by side

Valuation

Metric	IBCP	NMFCZ
P/E ratio	10.48	N/A
Forward P/E	10.12	23.30
PEG ratio	1.99	N/A
P/S ratio	2.35	4.25
P/B ratio	1.41	0.71

Profitability

Metric	IBCP	NMFCZ
Gross margin	N/A	10.71%
Operating margin	26.72%	18.79%
Net margin	22.71%	-28.24%
ROE	13.58%	-4.70%

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	NMFCZ
Dividend yield	3.06%	8.13%
Payout ratio	31.98%	N/A

Growth (annualized)

Metric	IBCP	NMFCZ
Revenue CAGR (5Y)	7.43%	-10.60%
EPS CAGR (5Y)	5.21%	-23.23%
Total return CAGR (5Y)	14.52%	N/A

Frequently asked

Which has grown faster, IBCP or NMFCZ?: Over the past five years, IBCP grew revenue faster — IBCP at a 7.43% CAGR versus NMFCZ at -10.60%.
Does IBCP or NMFCZ pay a bigger dividend?: IBCP yields 3.06% and NMFCZ yields 8.13% based on trailing dividends and the latest price.
Is IBCP or NMFCZ more profitable?: IBCP runs the higher net margin — IBCP at 22.71% versus NMFCZ at -28.24%.

Go deeper

Full IBCP analysis Full NMFCZ analysis Interactive comparison tool

Dig into the metrics

Independent Bank P/E ratio Independent Bank dividend yield New Mountain Finance Corporation 8.250% Notes due 2028 dividend yield Independent Bank ROE New Mountain Finance Corporation 8.250% Notes due 2028 ROE Independent Bank operating margin New Mountain Finance Corporation 8.250% Notes due 2028 operating margin Independent Bank revenue growth New Mountain Finance Corporation 8.250% Notes due 2028 revenue growth

Independent Bank & New Mountain Finance Corporation 8.250% Notes due 2028 appear in these rankings

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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.