Independent Bank Corp /Mi/ (IBCP) Interest Expenses (2011 - 2026)
Independent Bank (IBCP) reported Interest Expenses of $19.39 million for Q2 2026, down 12.9% from $22.26 million a year earlier but up 0.4% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Interest Expenses (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Independent Bank's Interest Expenses came in at $83.71 million, down 12.2% year-over-year; for FY2025, it was $89.72 million, down 10.7% from FY2024.
- Interest Expenses has a five-year compound annual growth rate of 40.8% (FY2020 to FY2025).
- By year, Interest Expenses came in at $100.53 million in FY2024 (+20.6%), $83.35 million in FY2023 (+328.6%), $19.45 million in FY2022 (+133.9%) and $8.32 million in FY2021 (-48.7%).
- Five-year quarterly Interest Expenses spans a low of $1.74 million in Q1 2022 and a high of $26.48 million in Q3 2024.
- Year over year, Interest Expenses has now declined in each of the last seven quarters, with an average decline of 7.4% over the last eight quarters.
- The high point for year-over-year Interest Expenses in five years was Q1 2023 (growth of 790.5%); the low point was Q4 2021 (a decline of 56.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $19.31 million (Q1 2026), $21.07 million (Q4 2025) and $23.93 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.39 Mn |
| Mar 31, 2026 | 19.31 Mn |
| Dec 31, 2025 | 21.07 Mn |
| Sep 30, 2025 | 23.93 Mn |
| Jun 30, 2025 | 22.26 Mn |
| Mar 31, 2025 | 22.46 Mn |
| Dec 31, 2024 | 24.13 Mn |
| Sep 30, 2024 | 26.48 Mn |
| Jun 30, 2024 | 24.99 Mn |
| Mar 31, 2024 | 24.93 Mn |
| Dec 31, 2023 | 25.25 Mn |
| Sep 30, 2023 | 23.01 Mn |
| Jun 30, 2023 | 19.60 Mn |
| Mar 31, 2023 | 15.50 Mn |
| Dec 31, 2022 | 10.38 Mn |
| Sep 30, 2022 | 5.03 Mn |
| Jun 30, 2022 | 2.30 Mn |
| Mar 31, 2022 | 1.74 Mn |
| Dec 31, 2021 | 1.94 Mn |
| Sep 30, 2021 | 2.05 Mn |
API Access
Independent Bank Corp /Mi/ Interest Expenses 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-expenses&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expenses", "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-expenses&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();