What is Independent Bank Corporation's msrs?

Independent Bank Corporation (IBCP) reported msrs of $0 in Q1 2026.

How has Independent Bank Corporation's msrs changed year-over-year?

Independent Bank Corporation's msrs decreased by 100.0% year-over-year, from $12.45M to $0.

This metric captures the cash proceeds generated from the sale of the rights to service mortgage loans previously originated or acquired. It reflects the bank's strategy regarding the monetization of its mortgage servicing portfolio and the ongoing management of fee-based income streams.

Independent Bank Corporation IBCP MSRs

MSRs at other companies

M/I HomesMHO

$9.08M+35.7%

Independent Bank CorporationIBCP

$0-100%

Western Alliance BancorporationWAL

$212.6M+97.2%

Western Alliance BancorporationWAL

$212.6M+97.2%

Annaly Capital ManagementNLY

$0-100%

Annaly Capital ManagementNLY

$0-100%

Other financials

Income statement

See full

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:ProceedsFromSaleOfMortgageServicingRightsMSR.

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 msrs?: Independent Bank Corporation (IBCP) reported msrs of $0 in Q1 2026.
How has Independent Bank Corporation's msrs changed year-over-year?: Independent Bank Corporation's msrs decreased by 100.0% year-over-year, from $12.45M to $0.
What does msrs mean?: This metric captures the cash proceeds generated from the sale of the rights to service mortgage loans previously originated or acquired. It reflects the bank's strategy regarding the monetization of its mortgage servicing portfolio and the ongoing management of fee-based income streams.