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Independent Bank Corporation IBCP Capitalized mortgage loan servicing rights

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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×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:DeferredTaxLiabilitiesCapitalizedMortgageLoanServicingRights.

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

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Questions, answered.

What is Independent Bank Corporation's capitalized mortgage loan servicing rights?
Independent Bank Corporation (IBCP) reported capitalized mortgage loan servicing rights of $6.61M in Q4 2025.
How has Independent Bank Corporation's capitalized mortgage loan servicing rights changed year-over-year?
Independent Bank Corporation's capitalized mortgage loan servicing rights decreased by 32.7% year-over-year, from $9.83M to $6.61M.
What is the long-term trend for Independent Bank Corporation's capitalized mortgage loan servicing rights?
Over 5 years (2020 to 2025), Independent Bank Corporation's capitalized mortgage loan servicing rights has grown at a 13.3% compound annual growth rate (CAGR), from -$3.55M to $6.61M.
What does capitalized mortgage loan servicing rights mean?
This represents the asset value recognized on the balance sheet for the right to service mortgage loans sold to third parties. It reflects the present value of expected future net cash flows from servicing fees, net of adequate compensation for the servicing activities. Investors monitor this to assess the long-term value of the bank's mortgage servicing portfolio and its sensitivity to interest rate fluctuations.