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Independent Bank Group Inc   (IBTX)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

IBTX's Net Income Growth by Quarter and Year

Independent Bank Group Inc 's Net Income results by quarter and year




IBTX Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 14.86 40.75 54.19 60.08
III Quarter September 32.78 52.44 52.34 38.69
II Quarter June 33.08 52.36 58.24 44.17
I Quarter March -37.51 50.74 59.98 50.24
FY   43.21 196.29 224.75 193.18



IBTX Net Income fourth quarter 2023 Y/Y Growth Comment
Independent Bank Group Inc reported drop in Net Income in the fourth quarter 2023 by -63.54% to $ 14.86 millions, from the same quarter in 2022.
The fall in the fourth quarter 2023 Independent Bank Group Inc 's Net Income compares unfavorably to the Company's average Net Income rise of 26.61%.

Looking into fourth quarter 2023 results within Regional Banks industry 4 other companies have achieved higher Net Income growth. While Independent Bank Group Inc ' s Net Income meltdown of -63.54% ranks overall at the positon no. 385 in the fourth quarter 2023.




IBTX Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -63.54 % -24.8 % -9.8 % 8 %
III Quarter September -37.49 % 0.19 % 35.28 % -22.22 %
II Quarter June -36.82 % -10.1 % 31.85 % 18.96 %
I Quarter March - -15.41 % 19.39 % 47.94 %
FY   -77.99 % -12.66 % 16.34 % 9.48 %

Financial Statements
Independent Bank Group Inc 's fourth quarter 2023 Net Income $ 14.86 millions IBTX's Income Statement
Independent Bank Group Inc 's fourth quarter 2022 Net Income $ 40.75 millions Quarterly IBTX's Income Statement
New: More IBTX's historic Net Income Growth >>


IBTX Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -54.67 % -22.29 % 3.53 % 55.29 %
III Quarter September -0.91 % 0.15 % -10.13 % -12.41 %
II Quarter June - 3.19 % -2.9 % -12.08 %
I Quarter March - -6.37 % -0.17 % -9.69 %
FY (Year on Year)   -77.99 % -12.66 % 16.34 % 9.48 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #5
Financial Sector #62
Overall #385

Net Income Y/Y Growth Statistics
High Average Low
115.23 % 26.61 % -77.99 %
(June 30. 2015)   (Dec 31 2023)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #5
Financial Sector #62
Overall #385
Net Income Y/Y Growth Statistics
High Average Low
115.23 % 26.61 % -77.99 %
(June 30. 2015)   (Dec 31 2023)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Independent Bank Group Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
75.03 % 5.64 % -54.66 %
(Sep 30 2014)  


IBTX's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Independent Bank Group Inc disclosed fall in Net Income from the previous quarter by -54.67% to $ 14.86 millions, from $ 32.78 millions released in the previous quarter.

This is not big issue, as Net Income generally tend to slow in the IV. Quarter Joshua Adams, a business contributor noted.

Within Regional Banks industry 7 other companies have achieved higher Net Income quarter on quarter growth. While Independent Bank Group Inc 's Net Income growth quarter on quarter, overall rank is 536.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #8
Financial Sector #96
Overall #536
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #8
Financial Sector #96
Overall #536
Net Income Q/Q Growth Statistics
High Average Low
75.03 % 5.64 % -54.66 %
(Sep 30 2014)  


IBTX's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 Independent Bank Group Inc realized fall in Net Income from the previous quarter by -54.67% to $ 14.86 millions, from $ 32.78 millions released in the previous quarter.

If you evaluate current shortcoming in the quarter, you must assume, that commonly IV. Quarter 2023 results appear to be softer in contrast to the preciding period, Joshua Adams, a business contributor said.

Within Regional Banks industry 7 other companies have achieved higher Net Income quarter on quarter growth. While Independent Bank Group Inc 's Net Income growth quarter on quarter, overall rank is 536.


Independent Bank Group Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 43.20 $ 69.10 $ 88.76 $ 108.04 $ 196.29
Y / Y Net Income Growth (TTM) -77.99 % -67.05 % -57.66 % -49.87 % -12.66 %
Year on Year Net Income Growth Overall Ranking # 413 # 86 # 951 # 57 # 623
Seqeuential Net Income Change (TTM) -37.48 % -22.15 % -17.85 % -44.96 % -6.41 %
Seq. Net Income Growth (TTM) Overall Ranking # 385 # 1001 # 935 # 1178 # 964




Cumulative Net Income growth Comment
Independent Bank Group Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -77.99% year on year, at Dec 31 2023 compare to the -67.05% decrease at Sep 30 2023. If the Independent Bank Group Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $43 millions.

In the Financial sector 71 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 86 to 413.

Net Income TTM Q/Q Growth Statistics
High Average Low
115.23 %
26.61 %
-77.99 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 5
Financial Sector # 72
Overall # 413

Net Income TTM Y/Y Growth Statistics
High Average Low
115.23 %
26.61 %
-77.99 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 62
S&P 500 # 385
Cumulative Net Income growth Comment
Independent Bank Group Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -77.99% year on year, at Dec 31 2023 compare to the -67.05% decrease at Sep 30 2023. If the Independent Bank Group Inc 's fiscal year would end at Dec 31 2023, annual Net Income would be $43 millions.

In the Financial sector 71 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 86 to 413.

Net Income TTM Q/Q Growth Statistics
High Average Low
115.23 %
26.61 %
-77.99 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 5
Financial Sector # 72
Overall # 413

Net Income TTM Y/Y Growth Statistics
High Average Low
115.23 %
26.61 %
-77.99 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 5
Sector # 62
S&P 500 # 385




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
IBTX's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for IBTX's Competitors
Net Income Growth for Independent Bank Group Inc 's Suppliers
Net Income Growth for IBTX's Customers

You may also want to know
IBTX's Annual Growth Rates IBTX's Profitability Ratios IBTX's Asset Turnover Ratio IBTX's Dividend Growth
IBTX's Roe IBTX's Valuation Ratios IBTX's Financial Strength Ratios IBTX's Dividend Payout Ratio
IBTX's Roa IBTX's Inventory Turnover Ratio IBTX's Growth Rates IBTX's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Dec 31 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Lloyds Banking Group Plc-0.67%$ -0.666 millions
Republic Bancorp inc -0.69%$ -0.692 millions
American Assets Trust Inc -1.19%$ -1.193 millions
Boston Properties Inc -1.65%$ -1.649 millions
Pathward Financial Inc -1.79%$ -1.787 millions
Unity Bancorp inc -1.87%$ -1.868 millions
Raymond James Financial Inc -2.16%$ -2.161 millions
Flushing Financial Corporation-2.16%$ -2.162 millions
Top Financial Group Ltd-2.68%$ -2.680 millions
Phillips Edison and Company Inc -3.28%$ -3.280 millions
Employers Holdings Inc -3.39%$ -3.390 millions
Mgic Investment Corp-3.62%$ -3.625 millions
Realty Income Corporation-3.75%$ -3.755 millions
Plumas Bancorp-3.81%$ -3.812 millions
Citizens Financial Services Inc -4.25%$ -4.254 millions
Franklin Financial Services Corporation-6.62%$ -6.618 millions
Tfs Financial Corporation-6.70%$ -6.696 millions
Federal Home Loan Bank Of Boston-7.04%$ -7.042 millions
Us Bancorp De-7.42%$ -7.419 millions
The Cigna Group-7.60%$ -7.596 millions
S and t Bancorp Inc -8.00%$ -8.003 millions
Onemain Holdings Inc -8.33%$ -8.333 millions
Amalgamated Financial Corp -8.34%$ -8.342 millions
1st Source Corporation-8.50%$ -8.498 millions
Ohio Valley Banc Corp-8.54%$ -8.541 millions
Magyar Bancorp Inc -8.73%$ -8.729 millions
Independent Bank Corporation-8.90%$ -8.902 millions
Provident Financial Holdings inc -9.70%$ -9.701 millions
Stonex Group Inc -9.79%$ -9.791 millions
City Holding Company-10.50%$ -10.498 millions




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