Independent Bank Corp (INDB) Interest Expense - Debt (2010 - 2026)
Independent Bank (INDB) posted Interest Expense - Debt of $10.72 million for Q2 2026, down 1.2% from $10.85 million a year earlier and down 1.4% from the prior quarter.
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Analysis
Independent Bank Corp (INDB) Interest Expense - Debt (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Interest Expense - Debt at Independent Bank was $42.94 million, up 29.6% year-over-year; for FY2025, it was $39.17 million, down 11.1% from FY2024.
- Annual Interest Expense - Debt shows a five-year compound annual growth rate of 41.1% (FY2020 to FY2025).
- In prior years, Independent Bank's Interest Expense - Debt was $44.06 million in FY2024 (-0.9%), $44.45 million in FY2023 (+800.0%), $4.94 million in FY2022 (-8.4%) and $5.39 million in FY2021 (-23.1%).
- Quarterly Interest Expense - Debt has run from a low of $1.08 million in Q1 2022 to a high of $16.29 million in Q1 2024 over five years.
- On a year-over-year basis, Interest Expense - Debt increased in three of the last eight quarters, with an average decline of 1.7%.
- The strongest year-over-year quarter for Interest Expense - Debt in the past five years was Q3 2023, with growth of 878.2%; the weakest was Q1 2025, with a decline of 57.1%.
- According to Business Quant data, Interest Expense - Debt for the three prior quarters was $10.87 million (Q1 2026), $10.67 million (Q4 2025) and $10.67 million (Q3 2025).
Peer Set
Peer Comparison
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 |
API Access
Independent Bank Corp Interest Expense - Debt 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-debt&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-debt", "ticker": "INDB", "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-debt&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();