Independent Bank Group

Independent Bank Group, Inc. is a bank holding company, which engages in the provision of a relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. It offers checking, savings, commercial loans, business services and cash management solutions. The company was founded by David R. Brooks in 1988 and is headquartered in McKinney, TX.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Independent Bank Group reports solid Q4 performance amidst strategic focus

Independent Bank Group's Q4 2022 performance reflects a balanced approach to financial management and strategic growth.
While facing challenges in deposit costs and economic risks, the company's strengths in credit quality and expense discipline position it well.
Opportunities in deposit rate stabilization and loan repricing tailwinds offer avenues for future financial improvement.
With a focus on cost management and revenue generation, the company aims to achieve positive operating leverage in 2023.

Independent Bank Group faces margin challenges but eyes growth opportunities

Independent Bank Group's Q1 performance reflects a mix of challenges and strengths, with a strategic focus on cost management and growth initiatives.
Despite a net loss driven by a legal settlement expense, the company's core operations remain resilient, supported by a stable asset quality outlook.
Navigating funding cost pressures and margin projections poses challenges, but opportunities lie in strategic funding shifts and NIM expansion expectations.
Confidence in the team's ability to execute growth plans and manage risks underscores a positive outlook amidst a dynamic banking environment.

Independent Bank Group (IBTX) reports strong Q2 performance and eyes growth opportunities in 2024

Independent Bank Group (IBTX) delivered strong Q2 performance with a focus on optimizing earnings trajectory and maintaining credit quality.
Challenges include navigating loan repricing, deposit stability, and loan portfolio dynamics amidst market shifts.
Opportunities lie in expected earning asset yield improvements, increased asset transaction volume, and strategic funding decisions.
Overall, IBTX's proactive financial management approach and dedication to client needs position them for growth and performance enhancement.

Independent Bank Group (IBTX) reports solid Q3 earnings and strategic growth outlook

Independent Bank Group (IBTX) delivered solid financial results in Q3, with strong loan growth and robust credit metrics.
The bank's focus on operational efficiency and strategic planning for future growth positions it well for continued success.
While facing challenges in optimizing margins and deposit growth, IBTX has opportunities to enhance revenue streams and adapt to market dynamics.
Overall, IBTX's proactive approach to managing risks and capitalizing on growth opportunities bodes well for its future performance and resilience.

Independent Bank Group (IBTX) posts strong Q4 results and eyes NIM expansion in 2024

Independent Bank Group (IBTX) delivered a solid performance in Q4 2023, marked by strong earnings, healthy loan growth, and robust credit quality.
While facing challenges such as moderating loan growth and cost management, the bank is well-positioned to capitalize on opportunities like NIM expansion and fee income growth.
Overall, IBTX's positive outlook for margins and earnings in 2024, supported by strategic initiatives and risk management, bodes well for future growth and profitability.

Independent Bank Group (IBTX) reports solid Q1 performance and growth opportunities

Independent Bank Group (IBTX) reported a solid performance in Q1 with improved financial metrics and positive outlook. Despite challenges in loan growth and expenses, opportunities lie in loan yield expansion and cost stabilization. Management's strategic focus positions IBTX for growth and through-cycle performance.

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Independent Bank Group, Inc. is a bank holding company, which engages in the provision of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. It offers checking, savings, commercial loans, business services and cash management solutions. The company was founded by David R. Brooks in 1988 and is headquartered in McKinney, TX.

Although the revenue and EPS for Independent Bank Group (IBTX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Independent Bank Group (IBTX) Reports Q3 Earnings: What Key Metrics Have to Say

Independent Bank Group (IBTX) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.79 per share a year ago.

Independent Bank Group (IBTX) Misses Q3 Earnings and Revenue Estimates

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $20.4 million, or $0.49 per diluted share, for the quarter ended September 30, 2024, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and net loss of $493,455 or ($11.93) per diluted share for the quarter ended June 30, 2024. Adjusted (non-GAAP) net income for the quarter ended September 30, 2024 was $20.6 million, or $0.50 per diluted share,.

Independent Bank Group, Inc. Reports Third Quarter Financial Results and Declares Quarterly Dividend

While the top- and bottom-line numbers for Independent Bank Group (IBTX) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Independent Bank Group (IBTX) Q2 Earnings: A Look at Key Metrics

Independent Bank Group (IBTX) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.82 per share a year ago.

Independent Bank Group (IBTX) Tops Q2 Earnings Estimates

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net loss of $493.5 million, or $11.89 per diluted share, for the quarter ended June 30, 2024, which was significantly impacted by $518.0 million of goodwill impairment recognized as a result of the Company's stock price trading below book value and the announced merger with SouthState Corporation. Goodwill impairment is a non-cash charge and has no impact on cash flows, liquidity, (non-GAAP) tangible e.

Independent Bank Group, Inc. Reports Second Quarter Financial Results and Declares Quarterly Dividend

South State

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Independent Bank Group, Inc. (NasdaqGS: IBTX) to SouthState Corporation (NYSE: SSB). Under the terms of the proposed transaction, shareholders of Independent will receive 0.60 shares of SouthState for each share of Independent that they own. KSF is seeking to determine whether this consideration and the proces.

INDEPENDENT BANK INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Independent Bank Group, Inc. - IBTX

NEW YORK , May 22, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating Independent Bank Group, Inc. (NASDAQ: IBTX ), relating to its proposed merger with SouthState Corporation.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Announces An Investigation of Independent Bank Group, Inc. - IBTX

NEW YORK , May 20, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Independent Bank Group, Inc. (NASDAQ: IBTX) and its board of directors concerning the proposed acquisition of the company by SouthState Corporation (NYSE: SSB). Stockholders will receive 0.60 shares of SouthState common stock for each share of Independent Bank Group stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Independent Bank Group, Inc.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Independent Bank Group, Inc. (NASDAQ: IBTX) to SouthState Corporation for 0.60 shares of SouthState common stock for each outstanding share of Independent Bank common stock is fair to Independent Bank shareholders. Halper Sadeh encourages Independent Bank shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763.

IBTX Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Independent Bank Group, Inc. Is Fair to Shareholders

Independent Bank Group Inc. will no longer be independent, after the Texas-based bank announced Friday an agreement to be acquired by Florida's SouthState Corp. in an all-stock deal valued at about $2 billion.

Texas-based Independent Bank to be bought for $2 billion by Florida's SouthState

WINTER HAVEN, Fla. and MCKINNEY, Texas , May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE: SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ: IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion.

SouthState Corporation to Acquire Texas-based Independent Bank Group, Inc.

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Independent Bank Group, Inc. (NASDAQ:IBTX ) Q1 2024 Earnings Conference Call April 23, 2024 8:30 AM ET Company Participants Ankita Puri – Executive Vice President and Chief Legal Officer David Brooks – Chairman and Chief Executive Officer Paul Langdale – Chief Financial Officer Dan Brooks – Vice Chairman Conference Call Participants Brandon King – Truist Securities Michael Rose – Raymond James Catherine Mealor – KBW Stephen Scouten – Piper Sandler Matt Olney – Stephens Operator Greetings, and welcome to the Independent Bank Group First Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode.

Independent Bank Group, Inc. (IBTX) Q1 2024 Earnings Call Transcript

The headline numbers for Independent Bank Group (IBTX) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Independent Bank Group (IBTX) Reports Q1 Earnings: What Key Metrics Have to Say

Independent Bank Group (IBTX) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $1.07 per share a year ago.

Independent Bank Group (IBTX) Beats Q1 Earnings Estimates

McKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $24.2 million, or $0.58 per diluted share, for the quarter ended March 31, 2024, compared to $14.9 million, or $0.36 per diluted share for the quarter ended December 31, 2023. Adjusted (non-GAAP) net income for the quarter ended March 31, 2024 was $26.0 million, or $0.63 per diluted share, compared to $25.5 million, or $0.62 per diluted share for the quarter ended December 31, 2023. The C.

Independent Bank Group, Inc. Reports First Quarter Financial Results and Declares Quarterly Dividend

Besides Wall Street's top -and-bottom-line estimates for Independent Bank Group (IBTX), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.

Seeking Clues to Independent Bank Group (IBTX) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics

Independent Bank Group (IBTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Independent Bank Group (IBTX) to Report a Decline in Earnings: What to Look Out for

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Financial, will hold a conference call to discuss first quarter 2024 results on Tuesday, April 23, 2024, at 8:30 am ET. The related press release will be issued Monday, April 22, 2024, after 4:00 pm ET. Conference Call Details The call can be accessed by the webcast link, https://www.webcast-eqs.com/indepbankgroupq12024_en/en, or by calling 1-877-407-0989 and by identifying the mee.

Independent Bank Group, Inc. Announces Date for Q1 2024 Earnings Call

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Independent Bank Group, Inc. (IBTX) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Independent Bank Group (IBTX) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Independent Bank Group (IBTX) Q4 Earnings

Independent Bank Group (IBTX) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $1.20 per share a year ago.

Independent Bank Group (IBTX) Q4 Earnings and Revenues Lag Estimates

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $14.9 million, or $0.36 per diluted share, for the quarter ended December 31, 2023, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023. Adjusted net income for the quarter ended December 31, 2023 was $25.5 million, or $0.62 per diluted share, compared to $32.6 million, or $0.79 per diluted share for the quarter ended September 30, 2023. For the.

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