Independent Bank (IBCP) Interest Coverage Ratio (2011 - 2026)
Independent Bank (IBCP) posted Interest Coverage Ratio of 2.05 for Q1 2026, up 4.25% sequentially from 1.96 in Q4 2025, and up 10.58% YoY from 1.85 in Q1 2025.
Independent Bank (IBCP) Interest Coverage Ratio (2011 - 2026) Analysis & Trends
Independent Bank has reported Interest Coverage Ratio for 16 years, with the latest figure at 2.05 in Q1 2026.
- Quarterly Interest Coverage Ratio rose 10.58% year-over-year to 2.05 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.45 (up 33.2% YoY) and the FY2025 annual result came in at 1.89, up 5.28% from the prior year.
- Interest Coverage Ratio advanced to 2.05 in Q1 2026 per IBCP's latest filing, from 1.96 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 2.95 in Q4 2022 and troughed at 1.08 in Q1 2023.
- A 5-year average of 1.66 and a median of 1.65 in 2024 frame the typical range for Interest Coverage Ratio.
- The sharpest annual moves came in 2022 and 2024: Interest Coverage Ratio plunged 82.35% in 2022, then surged 66.67% in 2024.
- Over 5 years, Interest Coverage Ratio stood at 2.95 in 2022, then slumped by 45.36% to 1.61 in 2023, then climbed by 20.71% to 1.94 in 2024, then rose by 1.04% to 1.96 in 2025, then gained by 4.25% to 2.05 in 2026.
- According to Business Quant data, Interest Coverage Ratio over the past three periods registered 2.05, 1.96, and 1.88 for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 121.20 Bn | 85.00 Bn | - | - |
| 2 | Pnc Financial Services | 97.72 Bn | 97.72 Bn | - | 2.00 |
| 3 | Us Bancorp | 95.92 Bn | 95.92 Bn | - | 1.84 |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.78 Bn | -144.31 Bn | - | 0.27 |
| 6 | Deutsche Bank Aktiengesellschaft | 71.99 Bn | -81.33 Bn | - | 1.49 |
| 7 | Nu Holdings | 70.73 Bn | 57.04 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.59 Bn | 61.59 Bn | - | 1.77 |
| 9 | Fifth Third Bancorp | 49.49 Bn | 25.77 Bn | - | 1.90 |
| 10 | Independent Bank | 765.44 Mn | 599.99 Mn | - | 2.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.46 |
| Mar 31, 2026 | 2.05 |
| Dec 31, 2025 | 1.96 |
| Sep 30, 2025 | 1.88 |
| Jun 30, 2025 | 1.31 |
| Mar 31, 2025 | 1.85 |
| Dec 31, 2024 | 1.94 |
| Sep 30, 2024 | 1.65 |
| Jun 30, 2024 | 1.93 |
| Mar 31, 2024 | 1.79 |
| Dec 31, 2023 | 1.61 |
| Sep 30, 2023 | 1.24 |
| Jun 30, 2023 | 1.25 |
| Mar 31, 2023 | 1.08 |
| Dec 31, 2022 | 2.95 |
| Sep 30, 2022 | 1.23 |
| Jun 30, 2022 | 1.21 |
| Mar 31, 2022 | 1.34 |
| Dec 31, 2021 | 8.57 |
| Sep 30, 2021 | 3.61 |