What is Independent Bank Corporation's holdback amount?

Independent Bank Corporation (IBCP) reported holdback amount of $100K in Q1 2025.

What does holdback amount mean?

This represents the portion of proceeds from the sale of mortgage servicing rights that is retained by the buyer as a holdback, typically pending the fulfillment of specific performance or quality conditions. It acts as a contingent asset or liability depending on the outcome of the underlying loan performance. Monitoring this helps identify potential credit or operational risks associated with servicing transfers.

Independent Bank Corporation IBCP Holdback amount

Holdback amount at other companies

TPG RE Finance Trust, Inc.TRTX

$0—

Datadog, Inc.DDOG

$1.61M+3,128%

RingCentralRNG

$4.09M—

MarqetaMQ

$5.03M—

Manhattan Bridge CapitalLOAN

$164.6K+229%

Guidewire SoftwareGWRE

$126K—

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 ibcp:MortgageLoanServicingRightsSaleHoldbackAmount.

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 holdback amount?: Independent Bank Corporation (IBCP) reported holdback amount of $100K in Q1 2025.
What does holdback amount mean?: This represents the portion of proceeds from the sale of mortgage servicing rights that is retained by the buyer as a holdback, typically pending the fulfillment of specific performance or quality conditions. It acts as a contingent asset or liability depending on the outcome of the underlying loan performance. Monitoring this helps identify potential credit or operational risks associated with servicing transfers.