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
DateValue
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