Independent Bank Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 25, 2022 at 05:00 pm EDT
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Independent Bank Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 138 million compared to USD 129.3 million a year ago. Net income was USD 52.36 million compared to USD 58.24 million a year ago. Basic earnings per share from continuing operations was USD 1.25 compared to USD 1.35 a year ago. Diluted earnings per share from continuing operations was USD 1.25 compared to USD 1.35 a year ago.
For the six months, net interest income was USD 269.15 million compared to USD 259.03 million a year ago. Net income was USD 103.1 million compared to USD 118.22 million a year ago.
Independent Bank Group, Inc. is a bank holding company. The Company, through its subsidiary, Independent Bank, a Texas state-chartered bank, doing business as Independent Financial, provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, including medical practices. Its 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. It provides a full range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, e-statements and bank-by-mail and direct deposit services.