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Independent Bank Corporation IBCP Interest Expense Borrowings

Interest Expense Borrowings at other companies

Independent Bank Corp logo
Independent Bank CorpINDB
$10.87M+55.8%
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First BancorpFBNC
$1.23M-25.9%
NB Bancorp, Inc. logo
NB Bancorp, Inc.NBBK
$1.24M+14.1%
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RenasantRNST
$10.7M+58.6%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$4.46M+451%

Segments

By segment

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Independent Bank$240K+67.8%

Other financials

Income statement

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Revenue$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

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Cash & equivalents$174.9M+36.5%
Total debt$7.2M+13.4%
Total equity$510.6M+9.3%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow-$9.2M-148%
CapEx$4.6M+311%
Free cash flow-$13.8M-176%

Valuation

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Market cap$733.37M+16.4%
Enterprise value$565.68M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

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Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

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Return on equity14.3%-0.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseBorrowings.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's interest expense borrowings?
Independent Bank Corporation (IBCP) reported interest expense borrowings of $917K in Q1 2026.
How has Independent Bank Corporation's interest expense borrowings changed year-over-year?
Independent Bank Corporation's interest expense borrowings decreased by 39.0% year-over-year, from $1.5M to $917K.
What is the long-term trend for Independent Bank Corporation's interest expense borrowings?
Over 4 years (2021 to 2025), Independent Bank Corporation's interest expense borrowings has grown at a 12.8% compound annual growth rate (CAGR), from $3.85M to $6.22M.
What does interest expense borrowings mean?
This metric captures the interest costs associated specifically with wholesale funding sources, such as federal funds purchased, repurchase agreements, and subordinated debt. It highlights the bank's reliance on non-deposit funding to support its balance sheet growth.