Independent Bank Corp /Mi/ (IBCP) Interest Expense - Deposits (2010 - 2026)
Independent Bank's Interest Expense - Deposits was $18.32 million in Q2 2026, down 10.5% from $20.46 million a year earlier and down 0.4% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Interest Expense - Deposits (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Independent Bank's Interest Expense - Deposits was $78.8 million through Jun 30, 2026, down 10.9% year-over-year; for FY2025, it came in at $83.5 million, down 9.9% from FY2024.
- Interest Expense - Deposits shows a five-year compound annual growth rate of 45.8% (FY2020 to FY2025).
- In earlier years, Interest Expense - Deposits was $92.69 million in FY2024 (+23.5%), $75.08 million in FY2023 (+430.5%), $14.15 million in FY2022 (+216.9%) and $4.47 million in FY2021 (-64.7%).
- The Q2 2026 figure marks the lowest quarterly Interest Expense - Deposits since Q2 2023.
- Compared with a year earlier, Interest Expense - Deposits has declined for seven straight quarters, with an average decline of 5.9% over the last eight quarters.
- The best year-over-year quarter for Interest Expense - Deposits over five years was Q4 2022 (growth of 774.4%); the worst was Q4 2021 (a decline of 72.2%).
- Per Business Quant data, IBCP's Interest Expense - Deposits in the three quarters before Q2 2026 was $18.4 million (Q1 2026), $20.11 million (Q4 2025) and $21.97 million (Q3 2025).
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Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.32 Mn |
| Mar 31, 2026 | 18.40 Mn |
| Dec 31, 2025 | 20.11 Mn |
| Sep 30, 2025 | 21.97 Mn |
| Jun 30, 2025 | 20.46 Mn |
| Mar 31, 2025 | 20.96 Mn |
| Dec 31, 2024 | 22.55 Mn |
| Sep 30, 2024 | 24.46 Mn |
| Jun 30, 2024 | 22.88 Mn |
| Mar 31, 2024 | 22.81 Mn |
| Dec 31, 2023 | 23.11 Mn |
| Sep 30, 2023 | 20.74 Mn |
| Jun 30, 2023 | 17.46 Mn |
| Mar 31, 2023 | 13.76 Mn |
| Dec 31, 2022 | 8.54 Mn |
| Sep 30, 2022 | 3.63 Mn |
| Jun 30, 2022 | 1.22 Mn |
| Mar 31, 2022 | 767,000.00 |
| Dec 31, 2021 | 977,000.00 |
| Sep 30, 2021 | 1.09 Mn |
API Access
Independent Bank Corp /Mi/ Interest Expense - Deposits 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-deposits&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-deposits", "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-deposits&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();