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Independent Bank Corporation IBCP Sales of notes receivable originally classified as held for investment

Sales of notes receivable originally classified as held for investment at other companies

Fifth Third Bank logo
Fifth Third BankFITB
$90M+13.9%
Huntington Bancshares logo
Huntington BancsharesHBAN
$133M+171%
Farmers National Banc Corp logo
Farmers National Banc CorpFMNB
$0-100%

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 us-gaap:ProceedsFromSaleOfLoansHeldForInvestment.

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 sales of notes receivable originally classified as held for investment?
Independent Bank Corporation (IBCP) reported sales of notes receivable originally classified as held for investment of $1.47M in Q1 2026.
How has Independent Bank Corporation's sales of notes receivable originally classified as held for investment changed year-over-year?
Independent Bank Corporation's sales of notes receivable originally classified as held for investment decreased by 83.6% year-over-year, from $8.91M to $1.47M.
What is the long-term trend for Independent Bank Corporation's sales of notes receivable originally classified as held for investment?
Over 4 years (2021 to 2025), Independent Bank Corporation's sales of notes receivable originally classified as held for investment has grown at a 22.5% compound annual growth rate (CAGR), from $10.03M to $22.59M.
What does sales of notes receivable originally classified as held for investment mean?
This metric tracks the cash received from selling loans that were originally intended to be held in the bank's portfolio for interest income. Selling these assets is often a strategic move to manage credit risk, rebalance the balance sheet, or generate immediate liquidity. It provides insight into the bank's flexibility in managing its long-term loan assets.