Independent Bank (INDB) Interest Expense - Deposits (2010 - 2026)
Independent Bank (INDB) posted quarterly Interest Expense - Deposits of $66.9 million for Q1 2026, up 12.62% year-over-year from $59.4 million in Q1 2025, and down 10.01% quarter-over-quarter from $74.4 million in Q4 2025.
Independent Bank (INDB) Interest Expense - Deposits (2010 - 2026) Analysis & Trends
Independent Bank's Interest Expense - Deposits history runs 17 years deep, the most recent figure standing at $66.9 million for Q1 2026.
- In Q1 2026, Interest Expense - Deposits rose 12.62% year-over-year to $66.9 million; the TTM figure through Mar 2026 stood at $281.9 million (up 11.83% YoY), while the FY2025 annual figure was $274.4 million, up 11.11% from the prior year.
- Interest Expense - Deposits for Q1 2026 stood at $66.9 million, down from $74.4 million in the prior quarter.
- The five-year high for Interest Expense - Deposits was $80.7 million in Q3 2025, with the low at $2.1 million in Q1 2022.
- The 5-year median for Interest Expense - Deposits is $54.3 million (2024), against an average of $44.6 million.
- The sharpest annual moves came in 2022 and 2023: Interest Expense - Deposits dropped 22.28% in 2022, then surged 1411.56% in 2023.
- Independent Bank's Interest Expense - Deposits stood at $14.3 million in 2022, then soared by 245.24% to $49.5 million in 2023, then increased by 29.79% to $64.2 million in 2024, then rose by 15.88% to $74.4 million in 2025, then decreased by 10.01% to $66.9 million in 2026.
- Business Quant data shows INDB's Interest Expense - Deposits at $66.9 million in Q1 2026, $74.4 million in Q4 2025, and $80.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense - Deposits (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 1.68 Bn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 2.33 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 1.58 Bn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 891.00 Mn |
| 10 | Independent Bank | 4.02 Bn | 3.93 Bn | - | 67.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 1.63 Mn |