Independent Bank Corp /Mi/ (IBCP) Interest Coverage Ratio (2011 - 2026)
Independent Bank's (IBCP) Interest Coverage Ratio came in at 2.17 for Q2 2026, up 12.6% from 1.93 a year earlier and up 6.0% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Interest Coverage Ratio (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Coverage Ratio at Independent Bank was 2.01, up 9.3% year-over-year; for FY2025, it came in at 1.91, up 4.4% from FY2024.
- In prior years, Independent Bank's Interest Coverage Ratio was 1.83 in FY2024 (-3.1%), 1.88 in FY2023 (-62.3%), 5.00 in FY2022 (-51.4%) and 10.30 in FY2021 (+94.9%).
- The Q2 2026 figure stands as the highest quarterly Interest Coverage Ratio since Q4 2022.
- On a year-over-year basis, Interest Coverage Ratio has increased in each of the last seven quarters, with growth averaging 5.0% over the last eight quarters.
- The strongest year-over-year quarter for Interest Coverage Ratio in the past five years was Q4 2021, with growth of 57.1%; the weakest was Q1 2023, with a decline of 85.2%.
- According to Business Quant data, Interest Coverage Ratio for the three prior quarters was 2.05 (Q1 2026), 1.96 (Q4 2025) and 1.88 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.17 |
| Mar 31, 2026 | 2.05 |
| Dec 31, 2025 | 1.96 |
| Sep 30, 2025 | 1.88 |
| Jun 30, 2025 | 1.93 |
| Mar 31, 2025 | 1.85 |
| Dec 31, 2024 | 1.94 |
| Sep 30, 2024 | 1.65 |
| Jun 30, 2024 | 1.93 |
| Mar 31, 2024 | 1.80 |
| Dec 31, 2023 | 1.71 |
| Sep 30, 2023 | 1.94 |
| Jun 30, 2023 | 1.93 |
| Mar 31, 2023 | 2.02 |
| Dec 31, 2022 | 2.79 |
| Sep 30, 2022 | 5.23 |
| Jun 30, 2022 | 7.90 |
| Mar 31, 2022 | 13.69 |
| Dec 31, 2021 | 8.98 |
| Sep 30, 2021 | 10.57 |
API Access
Independent Bank Corp /Mi/ Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();