Company / Interest Expense
Independent Bank Corp. Interest Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Interest Expense
$708.8M
FY2025
5-year range
$13.7M / $708.8M
FY2021-FY2025
Trend
+26.2%
vs FY2024
Sector context
#38 of 214
Financials
What the data says
Independent Bank Corp.'s interest expense of $709M is higher than 82% of companies in the Financials sector (FY2025). Interest Expense returned to growth in FY2025 after 2 years of decline, reaching $709M.
Based on SEC 10-K filings.
$709M in FY2025 with a 5-year CAGR of +83.2%. Top quartile in the Financials sector.
Increased from $607M to $709M over the past 2 years.
Financials sector context is included.
Interest Expense over time
Growth rates
- 3-Year CAGR
- +4.9%
- 5-Year CAGR
- +83.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 18% in FinancialsTop 82% of 214This company $708.8M Sector average $939.3M
▼
-24.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +83.2%, indicating consistent growth.
- In FY2025, interest expense increased 26.2% year-over-year.
- Ranks #38 out of 214 companies in the Financials sector.
- Lowest interest expense in the period was in FY2021.
Annual data
| Year | Interest ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $708.8M | +26.2% |
| FY2024 | $561.7M | -7.4% |
| FY2023 | $606.5M | -1.1% |
| FY2022 | $613.2M | +4370.7% |
| FY2021 | $13.7M | -60.1% |
| FY2020 | $34.3M | -36.3% |
| FY2019 | $53.9M | +111.0% |
| FY2018 | $25.5M | +39.3% |
| FY2017 | $18.3M | -2.4% |
| FY2016 | $18.8M | -8.8% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026