Independent Bank Corp /Mi/ (IBCP) Interest Expense - Debt (2010 - 2026)
Independent Bank (IBCP) posted Interest Expense - Debt of $1.07 million for Q2 2026, down 40.6% from $1.8 million a year earlier but up 16.7% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Interest Expense - Debt (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Expense - Debt at Independent Bank was $4.91 million, down 28.9% year-over-year; for FY2025, it came in at $6.22 million, down 20.6% from FY2024.
- Annual Interest Expense - Debt shows a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- In prior years, Independent Bank's Interest Expense - Debt was $7.83 million in FY2024 (-5.3%), $8.27 million in FY2023 (+56.2%), $5.3 million in FY2022 (+37.6%) and $3.85 million in FY2021 (+8.4%).
- Quarterly Interest Expense - Debt has run from a low of $917,000 in Q1 2026 to a high of $2.26 million in Q3 2023 over five years.
- On a year-over-year basis, Interest Expense - Debt has declined in each of the last nine quarters, with an average decline of 25.3% over the last eight quarters.
- The strongest year-over-year quarter for Interest Expense - Debt in the past five years was Q2 2023, with growth of 96.6%; the weakest was Q2 2026, with a decline of 40.6%.
- According to Business Quant data, Interest Expense - Debt for the three prior quarters was $917,000 (Q1 2026), $962,000 (Q4 2025) and $1.96 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.07 Mn |
| Mar 31, 2026 | 917,000.00 |
| Dec 31, 2025 | 962,000.00 |
| Sep 30, 2025 | 1.96 Mn |
| Jun 30, 2025 | 1.80 Mn |
| Mar 31, 2025 | 1.50 Mn |
| Dec 31, 2024 | 1.58 Mn |
| Sep 30, 2024 | 2.02 Mn |
| Jun 30, 2024 | 2.12 Mn |
| Mar 31, 2024 | 2.12 Mn |
| Dec 31, 2023 | 2.14 Mn |
| Sep 30, 2023 | 2.26 Mn |
| Jun 30, 2023 | 2.14 Mn |
| Mar 31, 2023 | 1.74 Mn |
| Dec 31, 2022 | 1.83 Mn |
| Sep 30, 2022 | 1.40 Mn |
| Jun 30, 2022 | 1.09 Mn |
| Mar 31, 2022 | 973,000.00 |
| Dec 31, 2021 | 962,000.00 |
| Sep 30, 2021 | 962,000.00 |
API Access
Independent Bank Corp /Mi/ Interest Expense - Debt 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-expense-debt&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "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-expense-debt&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();