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Independent Bank Group Inc   (NASDAQ: IBTX)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $60.6700 $0.28 0.464%
Day's High: $61.32 Week Perf: -0.51 %
Day's Low: $ 59.76 30 Day Perf: -7.36 %
Volume (M): 1,552 52 Wk High: $ 68.66
Volume (M$): $ 94,178 52 Wk Avg: $55.51
Open: $60.85 52 Wk Low: $41.70



 Market Capitalization (Millions $) 2,530
 Shares Outstanding (Millions) 42
 Employees 1,300
 Revenues (TTM) (Millions $) 467
 Net Income (TTM) (Millions $) -434
 Cash Flow (TTM) (Millions $) 636
 Capital Exp. (TTM) (Millions $) 14

Independent Bank Group Inc

Independent Bank Group is a registered bank holding company headquartered in McKinney, Texas, which is located in the northern portion of the Dallas-Fort Worth metropolitan area. The Company was organized as a Texas corporation on September 20, 2002. Through the Company’s wholly owned subsidiary, Independent Bank, a Texas state chartered bank, the Company provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. The Company operates 42 banking offices in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area.


The Company’s primary function is to own all of the stock of Independent Bank. Independent Bank is a locally managed community bank that seeks to provide personal attention and professional assistance to its customer base, which consists principally of small to medium sized businesses, professionals and individuals. Independent Bank’s philosophy includes offering direct access to its officers and personnel, providing friendly, informed and courteous service, local and timely decision making, flexible and reasonable operating procedures, and consistently applied credit policies.

Grow Organically. The Company focuses on continued organic growth through the Company’s existing footprint and business lines. The Company plans to follow the Company’s community-focused, relationship-driven customer strategy to increase loans and deposits through the Company’s existing locations. Preserving the safety and soundness of the Company’s loan portfolio is a fundamental element of the Company’s organic growth strategy. The Company has a strong and conservative credit culture, which allows the Company to maintain the Company’s asset quality as the Company grows.


Grow Through Acquisitions. The Company plans to continue to take advantage of opportunities to acquire other banking franchises both within and outside the Company’s current footprint. Since mid-2010, the Company has completed nine acquisitions that the Company believes have enhanced shareholder value and the Company’s market presence. The following table summarizes each of the nine acquisitions completed since 2010.

The Independent Way. Nearly a century after the Company’s beginning, the Company’s dedication to serving the needs of businesses and individuals in the Company’s communities remains stronger than ever. The Company strives to provide the Company’s customers with innovative financial products and services, local decision making and a level of service and responsiveness that is second to none. The Company’s innovative and independent spirit is balanced by adherence to fundamental banking principles that have enabled the Company to remain strong, sound and financially secure even during challenging economic times. The Company is also steeped in a tradition of civic pride as evidenced by the investment of the Company’s time, energies and financial resources in many local organizations to improve and benefit the Company’s communities.
Lending Operations. Through Independent Bank, the Company offers a broad range of commercial and retail lending products to businesses, professionals and individuals. Commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans (such as SBA guaranteed loans, business term loans, equipment financing and lines of credit and energy related loans) to a diversified mix of small and midsized businesses, and loans to professionals, particularly medical practices. Retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles.


The Company’s strategy is to maintain a broadly diversified loan portfolio by type and location. The Company’s loans are primarily real estate secured loans spread among a variety of types of borrowers, including owner occupied offices for small businesses, medical practices and offices, retail operations and multi-family properties. The Company’s loans are diversified geographically throughout the Company’s Dallas/North Texas region (approximately 49%), the Company’s Houston region (approximately 27%) and the Company’s Austin/Central Texas region (approximately 24%).


Deposits. Deposits are the Company’s principal source of funds for use in lending and other general banking purposes. The Company provides a full range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, mobile banking, eStatements and bank-by-mail and direct deposit services. The Company also offers business accounts and management services, including analyzed business checking, business savings, and treasury management services. The Company solicits deposits through its relationship-driven team of dedicated and accessible bankers and through community focused marketing.

Other Services. In connection with our relationship driven approach to our customers, the Company offers residential mortgages through our mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages which are sold into the secondary market shortly after closing. The Company also provides wealth management services to its customers including investment advisory and other related services.



   Company Address: 7777 Henneman Way McKinney, 75070 TX
   Company Phone Number: 562-9004   Stock Exchange / Ticker: NASDAQ IBTX


Customers Net Income fell by IBTX's Customers Net Profit Margin fell to

-25 %

13.37 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK        2.73% 
CFG        0.55% 
FCNCA   -0.92%    
FITB        0.2% 
MTB        0.45% 
NTRS        0.79% 
• View Complete Report
   



Dividend

Independent Bank Group Reports Significant Net Loss due to Goodwill Impairment and Merger Announcement

Published Thu, Jul 25 2024 4:07 AM UTC



In a recent press release, Independent Bank Group, Inc. (NASDAQ: IBTX) revealed a net loss of $493.5 million for the quarter ended June 30, 2024. The company attributes this substantial loss to a goodwill impairment of $518.0 million associated with its stock price trading below book value and the upcoming merger with SouthState Corporation. Although goodwill impai...

Dividend

Independent Bank Group Inc. Reports Q2 Financial Results, Faces Net Loss Due to Impairment Charge, but Remains Resilient with Strong Cash Flow and Quarterly Dividend Declaration

Published Wed, Jul 24 2024 9:57 PM UTC

Independent Bank Group, Inc. Reports Second Quarter Financial Results and Declares Quarterly Dividend
MCKINNEY, Texas - Independent Bank Group, Inc. (NASDAQ: IBTX) has recently released its financial results for the second quarter of 2024 and has also announced its quarterly dividend. The company reported a net loss of $493.5 million, or $11.89 per diluted share, for the...

Independent Bank Group Inc

IBTX Thrives During Challenging Fiscal Period, Reports Significant Revenue Growth

Independent Bank Group Inc has recently announced its financial results for the quarter ending March 31, 2024, showcasing a significant improvement in net income compared to the previous quarter. The company reported a net income of $24.2 million, or $0.58 per diluted share, a substantial increase from $14.9 million, or $0.36 per diluted share in the quarter ending December 31, 2023. Adjusted (non-GAAP) net income for the quarter reached $26.0 million, or $0.63 per diluted share.
Despite the positive financial results for the quarter, Independent Bank Group Inc's stock has experienced a decline of -7.31% from a year ago, bringing the year-to-date performance to -20.92%. The stock is currently trading on the NASDAQ by -1.5% below its 52-week average.

Independent Bank Group Inc

Independent Bank Group Inc Faces Significant Decline in Financial Performance in Fourth Quarter of 2023

Revenue contraction of -24.465% and a deterioration in profits by -64.76% for the financial fourth quarter of 2023 have been announced by Independent Bank Group, Inc. The company reported earnings of $113.44 million in revenue for this quarter, compared to $150.18 million in the same period the previous year. Additionally, the company's earnings per share (EPS) decreased from $0.35 to $0.35 in the prior year.
These figures demonstrate a significant decline in the company's financial performance compared to the previous year. In contrast to the third quarter of 2023, revenue decreased by -7.287% from $122.36 million, and profit plummeted by -55.54% from $0.79 per share. The net profits of $14.859 million in the fourth quarter of the 2023 earnings season fell by -63.54% from $40.754 million in the corresponding period a year before.

Dividend

Independent Bank Group Inc. Reports Q4 Results: A Mixed Plethora for Shareholders, Amid Negotiable Market Performance

Published Mon, Jan 22 2024 10:00 PM UTC


In a ground-breaking announcement released today, Independent Bank Group, Inc., a leading financial institution based in McKinney, Texas, and listed on NASDAQ under the ticker name IBTX, revealed its quarterly performance, which swung stakeholders attention towards its financial dynamics.
The bank reported a net income of $14.9 million, which translates to $0.36 pe...







Independent Bank Group Inc's Segments





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