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Independent Bank Corporation IBCP Mortgage loan servicing, net

Mortgage loan servicing, net at other companies

Redwood Trust logo
Redwood TrustRWT
$8.02M+135%
Arbor Realty Trust logo
Arbor Realty TrustABR
$25.74M+0.5%
Western Alliance Bancorporation logo
Western Alliance BancorporationWAL
-$1.3M-106%
Horizon Bancorp logo
Horizon BancorpHBNC
$337K-12.5%
Rithm Capital logo
Rithm CapitalRITM
$375.06M+58.0%
Trustmark logo
TrustmarkTRMK
$4.65M+51.6%

Segments

By segment

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Independent Bank$1.65M+359%

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$733.37M+16.4%
Enterprise value$565.68M+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 ibcp:MortgageLoanServicingIncome.

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 mortgage loan servicing, net?
Independent Bank Corporation (IBCP) reported mortgage loan servicing, net of $1.65M in Q1 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 358.8% year-over-year, from -$636K to $1.65M.
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.