Tectonic Financial, Inc. Annual Interest Expense in USD from 2018 to 2023

Taxonomy & unit
us-gaap: USD
Description
Amount of the cost of borrowed funds accounted for as interest expense.
Summary
Tectonic Financial, Inc. quarterly/annual Interest Expense history and growth rate from 2018 to 2023.
  • Tectonic Financial, Inc. Interest Expense for the quarter ending June 30, 2024 was $7.8M, a 75.9% increase year-over-year.
  • Tectonic Financial, Inc. Interest Expense for the twelve months ending June 30, 2024 was $25.8M, a 108% increase year-over-year.
  • Tectonic Financial, Inc. annual Interest Expense for 2023 was $19.1M, a 224% increase from 2022.
  • Tectonic Financial, Inc. annual Interest Expense for 2022 was $5.9M, a 62.8% increase from 2021.
  • Tectonic Financial, Inc. annual Interest Expense for 2021 was $3.63M, a 31.2% decline from 2020.
Interest Expense, Trailing 12 Months (USD)
Interest Expense, Annual (USD)
Interest Expense, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $19.1M +$13.2M +224% Jan 1, 2023 Dec 31, 2023 10-K 2024-04-01
2022 $5.9M +$2.28M +62.8% Jan 1, 2022 Dec 31, 2022 10-K 2024-04-01
2021 $3.63M -$1.64M -31.2% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-31
2020 $5.27M -$933K -15% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-31
2019 $6.2M +$1.84M +42.2% Jan 1, 2019 Dec 31, 2019 10-K/A 2021-05-05
2018 $4.36M Jan 1, 2018 Dec 31, 2018 10-K 2020-03-31
* An asterisk sign (*) next to the value indicates that the value is likely invalid.