Independent Bank (INDB) Interest Coverage Ratio (2010 - 2026)
Independent Bank (INDB) posted Interest Coverage Ratio of 2.36 for Q2 2026, up 0.95% on a QoQ basis from 2.34 in Q1 2026, and up 22.37% year-over-year from 1.93 in Q2 2025.
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Analysis
Independent Bank (INDB) Interest Coverage Ratio (2010 - 2026) Analysis & Trends
Independent Bank has reported Interest Coverage Ratio for 17 years, with the latest figure at 2.36 in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio rose 22.37% year-over-year to 2.36 in Q2 2026; TTM through Jun 2026 was 2.05, a 10.95% increase from a year earlier, with the FY2025 full-year figure at 1.84, down 0.71% from the prior year.
- Interest Coverage Ratio was 2.36 for Q2 2026 at Independent Bank, up from 2.34 in the prior quarter.
- The five-year high for Interest Coverage Ratio was 26.2 in Q2 2022, with the low at 1.49 in Q3 2025.
- Average Interest Coverage Ratio over 5 years is 5.63, with a median of 2.24 recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Interest Coverage Ratio jumped 999.22% in 2022, then tumbled 89.34% in 2023.
- Over 5 years, Interest Coverage Ratio stood at 7.36 in 2022, then sank by 70.88% to 2.14 in 2023, then decreased by 12.33% to 1.88 in 2024, then advanced by 12.6% to 2.11 in 2025, then advanced by 11.73% to 2.36 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.36 (Q2 2026), 2.34 (Q1 2026), and 2.11 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | 0.09 |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 1.77 |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | 1.90 |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | 2.28 |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | 1.67 |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | 1.83 |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | 2.52 |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | -1.27 |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | 1.80 |
| 10 | Independent Bank | 3.95 Bn | 3.86 Bn | - | 2.36 |
Historic Data
Download Data
Historic 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 | 1.93 |
| Mar 31, 2025 | 1.86 |
| Dec 31, 2024 | 1.88 |
| Sep 30, 2024 | 1.74 |
| Jun 30, 2024 | 1.90 |
| Mar 31, 2024 | 1.89 |
| Dec 31, 2023 | 2.14 |
| Sep 30, 2023 | 2.51 |
| Jun 30, 2023 | 2.79 |
| Mar 31, 2023 | 3.91 |
| Dec 31, 2022 | 7.36 |
| Sep 30, 2022 | 13.90 |
| Jun 30, 2022 | 26.20 |
| Mar 31, 2022 | 23.03 |
| Dec 31, 2021 | 0.67 |
| Sep 30, 2021 | 19.51 |