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Independent Bank Corporation IBCP Mortgage loan servicing, net

Mortgage loan servicing, net at other companies

SB Financial Group logo
SB Financial GroupSBFG
$383K-35.5%
SB Financial Group logo
SB Financial GroupSBFG
$383K-35.5%
SB Financial Group logo
SB Financial GroupSBFG
$383K-35.5%
Trustmark logo
TrustmarkTRMK
$0
Trustmark logo
TrustmarkTRMK
$0
PennyMac Mortgage Investment Trust logo
PennyMac Mortgage Investment TrustPMT
$3.37M-14.0%

Segments

By segment

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Independent Bank$2.46M+402%

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 ibcp:MortgageLoanServicingIncome.

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 itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Mortgage loans1,6511,6312,9593,934
Equity securities at fair value1,6001,600
Securities available for sale(90)11(116)(319)
Mortgage loan servicing, net2,4604904,106(146)
Other3,0372,8225,9885,968
Total Non-interest Income15,33411,32527,38221,749
Non-interest Expense
Compensation and employee benefits22,56021,12344,38941,506

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

FAQ

What is Independent Bank Corporation's mortgage loan servicing, net?
Independent Bank Corporation (IBCP) reported mortgage loan servicing, net of $2.46M in Q2 2026.
How has Independent Bank Corporation's mortgage loan servicing, net changed year-over-year?
Independent Bank Corporation's mortgage loan servicing, net increased by 402.0% year-over-year, from $490K to $2.46M.
What is the long-term trend for Independent Bank Corporation's mortgage loan servicing, net?
Over 3 years (2021 to 2025), Independent Bank Corporation's mortgage loan servicing, net has grown at a -47.6% compound annual growth rate (CAGR), from $5.75M to $827K.
What does mortgage loan servicing, net mean?
This represents the net revenue earned from the ongoing administration of mortgage loans, including collecting payments and managing escrow accounts. It is a recurring fee-based income stream that provides diversification from interest-rate-sensitive lending activities.

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