Independent Bank (INDB) Interest Coverage Ratio (2010 - 2026)
Independent Bank (INDB) posted quarterly Interest Coverage Ratio of 2.34 for Q1 2026, up 38.46% year-over-year from 1.69 in Q1 2025, and up 10.68% quarter-over-quarter from 2.11 in Q4 2025.
Independent Bank (INDB) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Independent Bank's Interest Coverage Ratio history runs 17 years deep, the most recent figure standing at 2.34 for Q1 2026.
- In Q1 2026, Interest Coverage Ratio rose 38.46% year-over-year to 2.34; the TTM figure through Mar 2026 stood at 12.98 (up 224.56% YoY), while the FY2025 annual figure was 1.84, down 0.71% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 2.34, up from 2.11 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 26.2 in Q2 2022, with the low at 64.6 in Q4 2023.
- The 5-year median for Interest Coverage Ratio is 1.92 (2025), against an average of 0.96.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio jumped 962.67% in 2022, then tumbled 821.33% in 2023.
- Independent Bank's Interest Coverage Ratio stood at 8.96 in 2022, then sank by 821.33% to 64.6 in 2023, then jumped by 101.07% to 0.69 in 2024, then surged by 204.93% to 2.11 in 2025, then advanced by 10.68% to 2.34 in 2026.
- Business Quant data shows INDB's Interest Coverage Ratio at 2.34 in Q1 2026, 2.11 in Q4 2025, and 1.49 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 2.00 |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 1.84 |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | 0.27 |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 1.49 |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 1.77 |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 1.90 |
| 10 | Independent Bank | 4.01 Bn | 3.93 Bn | - | 2.36 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.36 |
| Mar 31, 2026 | 2.34 |
| Dec 31, 2025 | 2.11 |
| Sep 30, 2025 | 1.49 |
| Jun 30, 2025 | 1.92 |
| Mar 31, 2025 | 1.69 |
| Dec 31, 2024 | 0.69 |
| Sep 30, 2024 | 1.63 |
| Jun 30, 2024 | 1.53 |
| Mar 31, 2024 | 1.48 |
| Dec 31, 2023 | -64.60 |
| Sep 30, 2023 | 1.47 |
| Jun 30, 2023 | 2.79 |
| Mar 31, 2023 | 3.91 |
| Dec 31, 2022 | 8.96 |
| Sep 30, 2022 | 13.90 |
| Jun 30, 2022 | 26.20 |
| Mar 31, 2022 | 8.77 |
| Dec 31, 2021 | 0.84 |
| Sep 30, 2021 | 19.51 |