IBTX Stock - Independent Bank Group, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $503.86M | $610.17M | $587.14M | $601.14M | $580.65M |
| Gross Profit | $507.67M | $610.17M | $587.14M | $601.14M | $580.65M |
| Gross Margin | 100.8% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Income | N/A | $358.04M | $282.23M | $252.38M | $246.26M |
| Net Income | $43.20M | $196.29M | $224.75M | $201.21M | $192.74M |
| Net Margin | 8.6% | 32.2% | 38.3% | 33.5% | 33.2% |
| EPS | $1.04 | $4.71 | $5.22 | $4.67 | $4.46 |
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment lease financing, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2021, the company operated 93 full-service branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| May 31st 2024 | Piper Sandler | Upgrade | Overweight | $58← $38 |
| April 24th 2024 | Hovde Group | Reiterated | Market Perform | $46← $53 |
| April 24th 2024 | Piper Sandler | Downgrade | Underweight | $38← $48 |
| January 5th 2024 | Raymond James | Upgrade | Outperform | $56 |
| July 26th 2023 | Piper Sandler | Downgrade | Neutral | $44← $40 |
| October 26th 2022 | Hovde Group | Downgrade | Market Perform | $70← $82.5 |
Earnings History & Surprises
IBTXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2025 | Jan 27, 2025 | $0.69 | $0.62 | -10.1% | ✗ MISS |
Q4 2024 | Oct 21, 2024 | $0.68 | $0.50 | -26.5% | ✗ MISS |
Q3 2024 | Jul 24, 2024 | $0.57 | $0.60 | +5.3% | ✓ BEAT |
Q2 2024 | Apr 22, 2024 | $0.59 | $0.63 | +6.8% | ✓ BEAT |
Q1 2024 | Jan 22, 2024 | $0.65 | $0.62 | -4.6% | ✗ MISS |
Q4 2023 | Oct 23, 2023 | $0.73 | $0.79 | +8.2% | ✓ BEAT |
Q3 2023 | Jul 24, 2023 | $0.87 | $0.82 | -5.7% | ✗ MISS |
Q2 2023 | Apr 24, 2023 | $1.10 | $1.07 | -2.7% | ✗ MISS |
Q1 2023 | Jan 23, 2023 | $1.28 | $1.20 | -6.3% | ✗ MISS |
Q4 2022 | Oct 24, 2022 | $1.33 | $1.33 | 0.0% | = MET |
Q3 2022 | Jul 25, 2022 | $1.23 | $1.27 | +3.3% | ✓ BEAT |
Q2 2022 | Apr 25, 2022 | $1.14 | $1.22 | +7.0% | ✓ BEAT |
Q1 2022 | Jan 24, 2022 | $1.25 | $1.26 | +0.8% | ✓ BEAT |
Q4 2021 | Oct 25, 2021 | $1.30 | $1.21 | -6.9% | ✗ MISS |
Q3 2021 | Jul 26, 2021 | $1.31 | $1.35 | +3.1% | ✓ BEAT |
Q2 2021 | Apr 26, 2021 | $1.34 | $1.39 | +3.7% | ✓ BEAT |
Q1 2021 | Feb 1, 2021 | $1.33 | $1.35 | +1.5% | ✓ BEAT |
Q4 2020 | Oct 26, 2020 | $1.05 | $1.39 | +32.4% | ✓ BEAT |
Q3 2020 | Jul 28, 2020 | $0.89 | $0.90 | +1.1% | ✓ BEAT |
Q2 2020 | Apr 27, 2020 | $1.06 | $1.03 | -2.8% | ✗ MISS |
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