Independent Bank (IBCP) Interest Expense - Deposits (2009 - 2026)

Independent Bank has reported Interest Expense - Deposits for 18 years, with the latest figure at $18.4 million in Q1 2026.

• Quarterly Interest Expense - Deposits fell 12.21% year-over-year to $18.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $80.9 million (down 10.9% YoY) and the FY2025 annual result came in at $83.5 million, down 9.92% from the prior year.
• Interest Expense - Deposits fell to $18.4 million in Q1 2026 per IBCP's latest filing, from $20.1 million in the prior quarter.
• Over five years, Interest Expense - Deposits peaked at $24.5 million in Q3 2024 and troughed at $767000.0 in Q1 2022.
• A 5-year average of $16.7 million and a median of $20.5 million in 2025 frame the typical range for Interest Expense - Deposits.
• The sharpest annual moves came in 2022 and 2023: Interest Expense - Deposits tumbled 38.93% in 2022, then surged 1694.0% in 2023.
• Over 5 years, Interest Expense - Deposits stood at $8.5 million in 2022, then surged by 170.53% to $23.1 million in 2023, then decreased by 2.44% to $22.5 million in 2024, then slipped by 10.81% to $20.1 million in 2025, then fell by 8.51% to $18.4 million in 2026.
• According to Business Quant data, Interest Expense - Deposits over the past three periods registered $18.4 million, $20.1 million, and $22.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.