Independent Bank Group Inc   (IBTX)
Other Ticker:  
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
Price: $40.1200 $0.57 1.441%
Day's High: $40.305 Week Perf: -1.06 %
Day's Low: $ 39.28 30 Day Perf: -5.02 %
Volume (M): 225 52 Wk High: $ 53.25
Volume (M$): $ 9,015 52 Wk Avg: $41.13
Open: $39.44 52 Wk Low: $28.81

 Market Capitalization (Millions $) 1,667
 Shares Outstanding (Millions) 42
 Employees 587
 Revenues (TTM) (Millions $) 504
 Net Income (TTM) (Millions $) 43
 Cash Flow (TTM) (Millions $) 68
 Capital Exp. (TTM) (Millions $) 21

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

-4.36 %

11.29 %

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


Stock Performances by Major Competitors

5 Days Decrease / Increase
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FCNCA   -1.1%    
FITB        4.71% 
NTRS   -2.7%    
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Independent Bank Group Inc

Headline: 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.


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

Surprising Spiral: Independent Bank Group Inc's Revenue Witnesses a Sharp Plunge in Q3 of 2023

The stock market is a fickle entity, where companies continuously face highs and lows. One such case is Independent Bank Group Inc, which saw a significant drop in net profit and revenue during the financial interval of July to September 30, 2023. Despite this decline, the Regional Banks sector as a whole showed promising revenue growth. In this article, we will analyze the facts and figures from Independent Bank Group Inc's recent financial report and explore what it means for investors.
Decline in Net Profit:
Independent Bank Group Inc's net profit per share dropped by -37.8% from $1.27 per share a year ago to $0.79 per share in the recent reporting season. This decline is concerning for investors, as it reflects a decrease in the company's profitability. Additionally, net profit per share decreased by -1.25% from $0.80 per share in the prior reporting season.

Independent Bank Group Inc

Dramatic Drop in Q2 2023 Earnings for Independent Bank Group Inc as Sales Plummet

The stock market is a place filled with constant fluctuations and uncertainties. It can be a roller coaster ride for investors, with ups and downs that can test their resilience. However, amidst the challenges and setbacks, there are always opportunities for growth and profitability.
In the second quarter financial report of 2023, Regional Banks company announced a soft top and bottom-line. Earnings per share dropped by -36%, and revenue decreased by -16.062% year on year. These numbers may seem discouraging at first glance, but let us delve deeper into the situation.


Independent Bank Group Inc's Segments
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  Company Estimates  
  Revenue Outlook
Independent Bank Group Inc does not provide revenue guidance.

Earnings Outlook
Independent Bank Group Inc does not provide earnings estimates.

Geographic Revenue Dispersion


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