Independent Bank (INDB) Interest Expense - Deposits (2009 - 2026)
Independent Bank's Interest Expense - Deposits came in at $73.58 million for Q3 2026, down 8.9% from $80.74 million a year earlier but up 8.8% from the prior quarter.
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Analysis
Independent Bank (INDB) Interest Expense - Deposits (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Independent Bank reported Interest Expense - Deposits of $282.54 million, up 6.9% year-over-year; for FY2025, it was $274.4 million, up 11.1% from FY2024.
- Interest Expense - Deposits has increased in each of the last four years, with a five-year compound annual growth rate of 58.6% (FY2020 to FY2025).
- Going back by year, Interest Expense - Deposits was $246.96 million in FY2024 (+70.6%), $144.75 million in FY2023 (+487.2%), $24.65 million in FY2022 (+196.0%) and $8.33 million in FY2021 (-69.5%).
- The five-year range for quarterly Interest Expense - Deposits is $1.97 million (Q4 2021) to $80.74 million (Q3 2025).
- Year-over-year, Interest Expense - Deposits increased in six of the last eight quarters, with growth averaging 11.2%.
- The fastest year-over-year change in Interest Expense - Deposits over five years came in Q1 2023 (growth of 976.2%), and the weakest in Q4 2021 (a decline of 50.6%).
- Business Quant data shows INDB's Interest Expense - Deposits at $67.64 million (Q2 2026), $66.94 million (Q1 2026) and $74.38 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Deposits (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 11.40 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 7.61 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 3.09 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 7.85 Bn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 5.09 Bn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 5.85 Bn |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 3.48 Bn |
| 10 | Independent Bank | 3.98 Bn | 3.90 Bn | - | 73.58 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 73.58 Mn |
| Jun 30, 2026 | 67.64 Mn |
| Mar 31, 2026 | 66.94 Mn |
| Dec 31, 2025 | 74.38 Mn |
| Sep 30, 2025 | 80.74 Mn |
| Jun 30, 2025 | 59.84 Mn |
| Mar 31, 2025 | 59.44 Mn |
| Dec 31, 2024 | 64.19 Mn |
| Sep 30, 2024 | 66.99 Mn |
| Jun 30, 2024 | 61.47 Mn |
| Mar 31, 2024 | 54.32 Mn |
| Dec 31, 2023 | 49.46 Mn |
| Sep 30, 2023 | 40.71 Mn |
| Jun 30, 2023 | 31.91 Mn |
| Mar 31, 2023 | 22.68 Mn |
| Dec 31, 2022 | 14.33 Mn |
| Sep 30, 2022 | 6.11 Mn |
| Jun 30, 2022 | 2.11 Mn |
| Mar 31, 2022 | 2.11 Mn |
| Dec 31, 2021 | 1.97 Mn |
API Access
Independent Bank Interest Expense - Deposits 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-deposits&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-expense-deposits", "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-deposits&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();