Independent Bank (INDB) Interest Expense - Debt (2010 - 2026)
Independent Bank (INDB) posted Interest Expense - Debt of $10.7 million for Q2 2026, down 1.35% on a QoQ basis from $10.9 million in Q1 2026, and down 1.19% year-over-year from $10.9 million in Q2 2025.
Analysis
Independent Bank (INDB) Interest Expense - Debt (2010 - 2026) Analysis & Trends
Independent Bank has reported Interest Expense - Debt for 17 years, with the latest figure at $10.7 million in Q2 2026.
- On a quarterly basis, Interest Expense - Debt fell 1.19% year-over-year to $10.7 million in Q2 2026; TTM through Jun 2026 was $42.9 million, a 29.56% increase from a year earlier, with the FY2025 full-year figure at $39.2 million, down 11.1% from the prior year.
- Interest Expense - Debt was $10.7 million for Q2 2026 at Independent Bank, down from $10.9 million in the prior quarter.
- The five-year high for Interest Expense - Debt was $16.3 million in Q1 2024, with the low at $1.1 million in Q1 2022.
- Average Interest Expense - Debt over 5 years is $8.6 million, with a median of $10.7 million recorded in 2025.
- The sharpest annual moves came in 2023 and 2025: Interest Expense - Debt jumped 1137.01% in 2023, then plunged 57.15% in 2025.
- Over 5 years, Interest Expense - Debt stood at $1.4 million in 2022, then jumped by 772.01% to $12.6 million in 2023, then sank by 40.79% to $7.5 million in 2024, then soared by 42.83% to $10.7 million in 2025, then rose by 0.5% to $10.7 million in 2026.
- The last three Interest Expense - Debt figures came in at $10.7 million (Q2 2026), $10.9 million (Q1 2026), and $10.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 950.85 Bn | 950.85 Bn | - | - |
| 2 | Truist Financial | 61.46 Bn | 61.46 Bn | - | 485.00 Mn |
| 3 | Fifth Third Bancorp | 49.43 Bn | 25.71 Bn | - | 228.00 Mn |
| 4 | M&T Bank | 34.72 Bn | 34.72 Bn | - | 170.00 Mn |
| 5 | Huntington Bancshares | 33.60 Bn | 29.07 Bn | - | 18.00 Mn |
| 6 | Citizens Financial | 29.31 Bn | 29.31 Bn | - | 156.00 Mn |
| 7 | Regions Financial | 25.53 Bn | 25.53 Bn | - | 52.00 Mn |
| 8 | First Citizens Bancshares | 24.60 Bn | 24.07 Bn | 29.00 Mn | 314.00 Mn |
| 9 | Keycorp | 23.26 Bn | -24.44 Bn | - | 155.00 Mn |
| 10 | Independent Bank | 3.95 Bn | 3.86 Bn | - | 10.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.72 Mn |
| Mar 31, 2026 | 10.87 Mn |
| Dec 31, 2025 | 10.67 Mn |
| Sep 30, 2025 | 10.67 Mn |
| Jun 30, 2025 | 10.85 Mn |
| Mar 31, 2025 | 6.98 Mn |
| Dec 31, 2024 | 7.47 Mn |
| Sep 30, 2024 | 7.84 Mn |
| Jun 30, 2024 | 12.47 Mn |
| Mar 31, 2024 | 16.29 Mn |
| Dec 31, 2023 | 12.62 Mn |
| Sep 30, 2023 | 12.34 Mn |
| Jun 30, 2023 | 14.24 Mn |
| Mar 31, 2023 | 5.26 Mn |
| Dec 31, 2022 | 1.45 Mn |
| Sep 30, 2022 | 1.26 Mn |
| Jun 30, 2022 | 1.15 Mn |
| Mar 31, 2022 | 1.08 Mn |
| Dec 31, 2021 | 1.43 Mn |
| Sep 30, 2021 | 1.29 Mn |