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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Independent Bank Group, Inc.    IBTX

INDEPENDENT BANK GROUP, INC.

(IBTX)
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Independent Bank Group: 3Q Earnings Snapshot

10/26/2020 | 05:59pm EST

MCKINNEY, Texas (AP) _ Independent Bank Group Inc. (IBTX) on Monday reported third-quarter earnings of $60.1 million.

The bank, based in McKinney, Texas, said it had earnings of $1.39 per share. Earnings, adjusted for non-recurring gains, were $1.38 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The bank holding company posted revenue of $177 million in the period. Its revenue net of interest expense was $157.2 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $149.6 million.

Independent Bank Group shares have decreased 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $52.57, a drop of 1% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBTX at https://www.zacks.com/ap/IBTX

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Financials (USD)
Sales 2020 595 M - -
Net income 2020 200 M - -
Net Debt 2020 - - -
P/E ratio 2020 12,5x
Yield 2020 1,83%
Capitalization 2 511 M 2 511 M -
Capi. / Sales 2020 4,22x
Capi. / Sales 2021 4,29x
Nbr of Employees 1 469
Free-Float 84,6%
Chart INDEPENDENT BANK GROUP, INC.
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Independent Bank Group, Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends INDEPENDENT BANK GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 60,25 $
Last Close Price 58,06 $
Spread / Highest target 18,0%
Spread / Average Target 3,77%
Spread / Lowest Target -5,27%
EPS Revisions
Managers
NameTitle
David R. Brooks Chairman, President & Chief Executive Officer
James C. White Chief Operating Officer & Executive Vice President
Michelle S. Hickox Chief Financial Officer & Executive Vice President
Daniel W. Brooks Vice Chairman & Chief Risk Officer
William E. Fair Independent Director
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