Company / Interest Expense per Share
INDEPENDENT BANK CORP /MI/ Interest Expense per Share History
FY2016-FY2023 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense per Share
$3.96
FY2023
5-year range
$0.38 / $3.96
FY2019-FY2023
Trend
+330.8%
vs FY2022
Sector context
#112 of 208
Financials
What the data says
Interest Expense per Share changed +331% YoY in FY2023, a notable deviation from the 7-year average annual change of +79%.
Based on SEC 10-K filings.
3.96 in FY2023 with a 5-year CAGR of +37.0%.
Increased from $0.38 to $3.96 over the past 2 years.
Financials sector context is included.
Interest Expense per Share over time
Growth rates
- 3-Year CAGR
- +76.4%
- 5-Year CAGR
- +37.0%
- 10-Year CAGR
- -
Sector benchmark
#97 of 208 in FinancialsTop 46% of 208This company $3.96 Sector average $7.99
▼
-50.5% below sector average
Key checks
Key Insights
- In FY2023, interest expense per share increased 330.8% year-over-year.
- Ranks #112 out of 208 companies in the Financials sector.
- Lowest interest expense per share in the period was in FY2016.
Company context
Key Data Points
- Altman Z-Score 0.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Interest Expense per ShareValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | - | - |
| FY2023 | $3.96 | +330.8% |
| FY2022 | $0.92 | +141.4% |
| FY2021 | $0.38 | -47.3% |
| FY2020 | $0.72 | -35.4% |
| FY2019 | $1.12 | +36.3% |
| FY2018 | $0.82 | +91.7% |
| FY2017 | $0.43 | +32.1% |
| FY2016 | $0.32 | +23.0% |
As of FY2023 · SEC 10-K · Updated Mar 28, 2026