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Independent Bank Corporation IBCP Independent Bank — Mortgage loans

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EBCMortgage banking income (loss)
$719.25K+424%

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$733.37M+16.4%
Enterprise value$565.68M+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 us-gaap:GainLossOnSalesOfLoansNet.

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 loans?
Independent Bank Corporation (IBCP) reported independent bank — mortgage loans of $1.21M in Q1 2026.
How has Independent Bank Corporation's independent bank — mortgage loans changed year-over-year?
Independent Bank Corporation's independent bank — mortgage loans decreased by 45.7% year-over-year, from $2.22M to $1.21M.
What is the long-term trend for Independent Bank Corporation's independent bank — mortgage loans?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — mortgage loans has grown at a 3.0% compound annual growth rate (CAGR), from $5.98M to $6.54M.
What does independent bank — mortgage loans mean?
The total gains or losses recognized from the origination and sale of mortgage loans in the secondary market. This metric captures the bank's performance in the mortgage lending business and sensitivity to interest rate environments.