Independent Bank Corporation IBCP Mortgage loan servicing rights sold, capitalized amount

Mortgage loan servicing rights sold, capitalized amount at other companies

Alerus Financial CorporationALRS

-$11K+79.6%

Western Alliance BancorporationWAL

$294.8M+13.2%

Republic BancorpRBCAA

$377K+19.3%

TFS FinancialTFSL

$8.98M+14.6%

Hope BancorpHOPE

$13.64M+26.6%

GBC

Glacier BancorpGBCI

$11.87M+0.2%

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:MortgageLoanServicingRightsSoldCapitalizedAmount.

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 rights sold, capitalized amount?: Independent Bank Corporation (IBCP) reported mortgage loan servicing rights sold, capitalized amount of $13.1M in Q1 2025.
What does mortgage loan servicing rights sold, capitalized amount mean?: This metric tracks the value of mortgage servicing rights sold that were previously recorded as capitalized assets on the balance sheet. It measures the realization of book value from the divestiture of servicing rights. This helps in assessing the impact of MSR sales on the bank's balance sheet composition.