Independent Bank (INDB) Interest Expense - Debt (2010 - 2026)
Independent Bank's (INDB) quarterly Interest Expense - Debt came in at $10.9 million in Q1 2026, up 55.77% year-on-year from $7.0 million in Q1 2025, and up 250.94% quarter-over-quarter from -$7.2 million in Q4 2025.
Independent Bank (INDB) Interest Expense - Debt (2010 - 2026) Analysis & Trends
Independent Bank's Interest Expense - Debt history runs 17 years deep, the most recent figure standing at $10.9 million for Q1 2026.
- On a quarterly basis, Interest Expense - Debt rose 55.77% year-over-year to $10.9 million in Q1 2026; TTM through Mar 2026 was $25.2 million, a 684.91% 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 grew to $10.9 million in Q1 2026 per INDB's latest filing, from -$7.2 million in the prior quarter.
- Across five years, Interest Expense - Debt topped out at $16.3 million in Q1 2024 and bottomed at -$31.6 million in Q4 2024.
- The 5-year median for Interest Expense - Debt is $7.0 million (2025), against an average of $2.9 million.
- Biggest YoY gain for Interest Expense - Debt was 1137.01% in 2023; the steepest drop was 2359.48% in 2023.
- Year by year, Interest Expense - Debt stood at $1.1 million in 2022, then slumped by 2359.48% to -$25.0 million in 2023, then slipped by 26.19% to -$31.6 million in 2024, then surged by 77.2% to -$7.2 million in 2025, then jumped by 250.94% to $10.9 million in 2026.
- Per Business Quant, the three latest INDB Interest Expense - Debt figures stand at $10.9 million (Q1 2026), -$7.2 million (Q4 2025), and $10.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | KB Financial | 43,124.21 Bn | 43,125.44 Bn | -775,612.08 | - |
| 2 | Shinhan Financial | 33,971.34 Bn | 33,973.00 Bn | - | - |
| 3 | Bank Of Chile | 4,105.33 Bn | 4,105.33 Bn | 167,623.00 | - |
| 4 | NatWest | 768.74 Bn | 572.78 Bn | 1.79 Bn | - |
| 5 | Mizuho Financial | 385.64 Bn | 389.59 Bn | - | - |
| 6 | Lloyds Banking | 358.14 Bn | 358.14 Bn | - | - |
| 7 | First Capital | 200.03 Bn | 199.69 Bn | - | - |
| 8 | Landmark Bancorp | 187.97 Bn | 187.94 Bn | - | 277,000.00 |
| 9 | Pnc Financial Services | 100.96 Bn | 101.01 Bn | - | 748.00 Mn |
| 10 | Independent Bank | 4.15 Bn | 4.10 Bn | - | 10.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.87 Mn |
| Dec 31, 2025 | -7.20 Mn |
| Sep 30, 2025 | 10.67 Mn |
| Jun 30, 2025 | 10.85 Mn |
| Mar 31, 2025 | 6.98 Mn |
| Dec 31, 2024 | -31.59 Mn |
| Sep 30, 2024 | 7.84 Mn |
| Jun 30, 2024 | 12.47 Mn |
| Mar 31, 2024 | 16.29 Mn |
| Dec 31, 2023 | -25.04 Mn |
| Sep 30, 2023 | 12.34 Mn |
| Jun 30, 2023 | 14.24 Mn |
| Mar 31, 2023 | 5.26 Mn |
| Dec 31, 2022 | 1.11 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 |
| Jun 30, 2021 | 1.33 Mn |