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
$0.77 / $3.96
FY2019-FY2023
Trend
+416.6%
vs FY2022
Sector context
#113 of 211
Financials
What the data says
Interest Expense per Share changed +417% YoY in FY2023, a notable deviation from the 7-year average annual change of +81%.
Based on SEC 10-K filings.
3.96 in FY2023 with a 5-year CAGR of +65.1%.
Increased from $1.21 to $3.96 over the past 2 years.
Financials sector context is included.
Interest Expense per Share over time
Growth rates
- 3-Year CAGR
- +72.0%
- 5-Year CAGR
- +65.1%
- 10-Year CAGR
- -
Sector benchmark
#99 of 211 in FinancialsTop 46% of 211This company $3.96 Sector average $7.92
▼
-50.0% below sector average
Key checks
Key Insights
- In FY2023, interest expense per share increased 416.6% year-over-year.
- Ranks #113 out of 211 companies in the Financials sector.
- Lowest interest expense per share in the period was in FY2018.
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 | +416.6% |
| FY2022 | $0.77 | -36.5% |
| FY2021 | $1.21 | +55.0% |
| FY2020 | $0.78 | +101.1% |
| FY2019 | $0.39 | +19.9% |
| FY2018 | $0.32 | -24.6% |
| FY2017 | $0.43 | +32.1% |
| FY2016 | $0.32 | +23.0% |
As of FY2023 · SEC 10-K · Updated Jun 30, 2026