What does mortgage loan servicing rights sold mean?

This metric quantifies the total dollar volume of mortgage loan servicing rights (MSRs) divested by the bank during the period. Selling MSRs is a strategic decision to monetize the value of servicing portfolios and generate immediate liquidity. It indicates the bank's active management of its mortgage servicing asset portfolio.

Independent Bank Corporation IBCP Mortgage loan servicing rights sold

Mortgage loan servicing rights sold at other companies

M/I HomesMHO

$9.08M+35.7%

Horizon BancorpHBNC

$579K+14.2%

Western Alliance BancorporationWAL

$212.6M+97.2%

Alerus Financial CorporationALRS

-$11K+79.6%

Nicolet BanksharesNIC

$1.24M+142%

Western Alliance BancorporationWAL

$294.8M+13.2%

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

See full

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

See full

Operating cash flow-$9.2M-148%

CapEx$4.6M+311%

Free cash flow-$13.8M-176%

Valuation

See full

Market cap$733.17M+16.4%

Enterprise value$565.47M+11.3%

P/E10.5×+1.0×

P/S3.2×+0.4×

Profitability

See full

Net margin30.3%+0.7pp

FCF margin16.6%-7.1pp

Returns & leverage

See full

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:MortgageLoanServicingRightsSoldAmount.

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

Ask your AI about Independent Bank Corporation's mortgage loan servicing rights sold.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Independent Bank Corporation's mortgage loan servicing rights sold?: Independent Bank Corporation (IBCP) reported mortgage loan servicing rights sold of $931.6M in Q1 2025.
What does mortgage loan servicing rights sold mean?: This metric quantifies the total dollar volume of mortgage loan servicing rights (MSRs) divested by the bank during the period. Selling MSRs is a strategic decision to monetize the value of servicing portfolios and generate immediate liquidity. It indicates the bank's active management of its mortgage servicing asset portfolio.