Indeed. Sometimes the process went full-circle, from bomber (Vimy) to transport (Vimy Commercial and Valentia/Vernon/Victoria) to bomber again (Valentia):Yes!
Well into the 1930s, the RAF was operating multi-engined, biplane Victoria transport airplanes that were little more than WW1 vintage bombers re-equipped with bulbous fuselages capable of carrying a dozen or more infantry, great for policing the primitive locals in Waziristan, but useless against a peer European air force.
Dehavilland DH.4 and DH.9, Handley-age O-400, and Vickers Vimy Commercial: