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Independent Bank Corporation IBCP Independent Bank — Mortgage loan servicing, net

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HBNCMortgage servicing income net of impairment
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Other financials

Income statement

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Revenue$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

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Cash & equivalents$174.9M+36.5%
Total debt$7.2M+13.4%
Total equity$510.6M+9.3%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow-$9.2M-148%
CapEx$4.6M+311%
Free cash flow-$13.8M-176%

Valuation

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Market cap$733.17M+16.4%
Enterprise value$565.47M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

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Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

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Return on equity14.3%-0.8pp
Debt / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:MortgageLoanServicingIncome.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's independent bank — mortgage loan servicing, net?
Independent Bank Corporation (IBCP) reported independent bank — mortgage loan servicing, net of $1.65M in Q1 2026.
How has Independent Bank Corporation's independent bank — mortgage loan servicing, net changed year-over-year?
Independent Bank Corporation's independent bank — mortgage loan servicing, net increased by 358.8% year-over-year, from -$636K to $1.65M.
What is the long-term trend for Independent Bank Corporation's independent bank — mortgage loan servicing, net?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — mortgage loan servicing, net has grown at a -64.7% compound annual growth rate (CAGR), from $18.77M to $827K.
What does independent bank — mortgage loan servicing, net mean?
Net income derived from the contractual obligation to collect mortgage payments, manage escrow accounts, and handle customer service for mortgage loans. This represents a recurring fee-based revenue stream that is distinct from loan origination gains.