Independent Bank Group, Inc.

IBTX

US45384B1061

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-04-26 pm EDT			5-day change	1st Jan Change
39.34 ^USD	+0.20%		-5.43%	-22.68%

Apr. 25	Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q1 EPS $0.76, vs. Street Est of $0.64	MT
Apr. 25	Truist Lowers Price Target on Independent Bank Group to $46 From $52, Keeps Buy Rating	MT

Independent Bank Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023

January 22, 2024 at 05:00 pm EST

Independent Bank Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 106.305 million compared to USD 141.787 million a year ago. Net income was USD 14.859 million compared to USD 40.754 million a year ago. Basic earnings per share from continuing operations was USD 0.36 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 0.36 compared to USD 0.99 a year ago.

For the full year, the company reported net interest income was USD 456.88 million compared to USD 558.21 million a year ago. Net income was USD 43.2 million compared to USD 196.29 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to USD 4.71 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 4.7 a year ago.

Latest news about Independent Bank Group, Inc.

Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q1 EPS $0.76, vs. Street Est of $0.64	Apr. 25	MT
Truist Lowers Price Target on Independent Bank Group to $46 From $52, Keeps Buy Rating	Apr. 25	MT
North American Morning Briefing : More Tech -2-	Apr. 25	DJ
Piper Sandler Downgrades Independent Bank Group to Underweight From Neutral, Adjusts PT to $38 From $48	Apr. 24	MT
Independent Bank Corp. Names New Board Chair	Apr. 23	MT
Independent Bank Keeps Quarterly Dividend at $0.24 per Share, Payable May 13 to Shareholders of Record on May 3	Apr. 23	MT
Transcript : Independent Bank Group, Inc., Q1 2024 Earnings Call, Apr 23, 2024	Apr. 23
Independent Bank Group Q1 Adjusted Net Income, Revenue Fall	Apr. 22	MT
Earnings Flash (IBTX) INDEPENDENT BANK GROUP Reports Q1 EPS $0.58, vs. Street Est of $0.63	Apr. 22	MT
Independent Bank Group, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 22	CI
Independent Bank Q1 Earnings, Revenue Decline	Apr. 18	MT
Truist Securities Cuts Price Target on Independent Bank to $52 From $58, Maintains Buy Rating	Apr. 01	MT
Independent Bank Raises Quarterly Dividend $0.02 to $0.57 a Share, Payable April 5 to Shareholders of Record April 1	Mar. 21	MT
Zalando to Buy Back EUR100 Million Shares for Employee Incentive Programs	Mar. 13	MT
Tranche Update on Independent Bank Group, Inc.'s Equity Buyback Plan announced on January 23, 2023.	Feb. 20	CI
US regional lenders' commercial real estate exposure in spotlight after carnage	Feb. 05	RE
Former Swiss finance minister defends role in Credit Suisse collapse	Feb. 04	RE
Earnings Flash (IBCP) INDEPENDENT BANK CORPORATION Reports Q4 EPS $0.65, vs. Street Est of $0.70	Jan. 25	MT
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
Raymond James Adjusts Price Target on Independent Bank to $59 From $56, Maintains Outperform Rating	Jan. 24	MT
Independent Bank Raises Quarterly Dividend to $0.24 per Share, Payable Feb. 15 to Shareholders of Record Feb. 5	Jan. 23	MT
Transcript : Independent Bank Group, Inc., Q4 2023 Earnings Call, Jan 23, 2024	Jan. 23
Independent Bank Group Q4 Earnings, Revenue Decline	Jan. 22	MT
Independent Bank Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 22	CI
Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2024	Jan. 22	CI

Chart Independent Bank Group, Inc.

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Company Profile

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.

Sector

Banks

Calendar

2024-07-21 - Q2 2024 Earnings Release (Projected)

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Ratings for Independent Bank Group, Inc.

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

39.34 USD

Average target price

46 USD

Spread / Average Target

+16.93%

Consensus

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Quarterly earnings - Rate of surprise

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