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Independent Bank Corporation IBCP Independent Bank — Mortgage loans

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Other financials

Income statement

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Revenue$63.2M+13.0%
Net income$18.8M+11.4%
EPS (diluted)$0.90+11.1%

Balance sheet

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Cash & equivalents$165.5M+13.2%
Total debt$7.0M+0.5%
Total equity$528.4M+12.6%
Total assets$5.7B+4.5%

Cash flow

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Operating cash flow$20.3M+5.7%
CapEx$3.6M+56.3%
Free cash flow$16.7M-1.1%

Valuation

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Market cap$844.24M+33.2%
Enterprise value$685.83M+38.7%
P/E11.8×+2.0×
P/S3.6×+0.7×

Profitability

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Net margin30.2%+1.2pp
FCF margin16%-12.2pp

Returns & leverage

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Return on equity14.4%0.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:GainLossOnSalesOfLoansNet.

The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 12:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000039311-26-000061
Line itemIndependent BankOther(1)EliminationsTotal
NON-INTEREST INCOME
Interchange income3,5763,576
Service charges on deposit accounts3,1003,100
Net gains on mortgage loans1,574771,651
Net gains on equity securities at fair value1,6001,600
Mortgage loan servicing, net2,4602,460
Other2,879317(249)2,947
Total Non-interest Income15,189317(172)15,334

Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20

FAQ

What is Independent Bank Corporation's independent bank — mortgage loans?
Independent Bank Corporation (IBCP) reported independent bank — mortgage loans of $1.57M in Q2 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 0.6% year-over-year, from $1.58M to $1.57M.
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.

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