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IBTX

Independent Bank Group NasdaqGS:IBTX Stock Report

Last Price

US$69.97

Market Cap

US$3.0b

7D

1.4%

1Y

-9.7%

Updated

25 May, 2022

Data

Company Financials +
IBTX fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health6/6
Dividends2/6

IBTX Stock Overview

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.

Independent Bank Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Independent Bank Group
Historical stock prices
Current Share PriceUS$69.97
52 Week HighUS$80.14
52 Week LowUS$62.82
Beta1.61
1 Month Change-1.35%
3 Month Change-5.37%
1 Year Change-9.67%
3 Year Change30.91%
5 Year Change24.72%
Change since IPO142.95%

Recent News & Updates

Shareholder Returns

IBTXUS BanksUS Market
7D1.4%3.9%1.0%
1Y-9.7%-15.0%-15.1%

Return vs Industry: IBTX exceeded the US Banks industry which returned -15.5% over the past year.

Return vs Market: IBTX exceeded the US Market which returned -13.2% over the past year.

Price Volatility

Is IBTX's price volatile compared to industry and market?
IBTX volatility
IBTX Average Weekly Movement4.3%
Banks Industry Average Movement3.9%
Market Average Movement7.8%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market2.9%

Stable Share Price: IBTX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: IBTX's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20021,543David Brookshttps://www.independent-bank.com

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.

Independent Bank Group Fundamentals Summary

How do Independent Bank Group's earnings and revenue compare to its market cap?
IBTX fundamental statistics
Market CapUS$2.96b
Earnings (TTM)US$213.63m
Revenue (TTM)US$590.48m

13.8x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IBTX income statement (TTM)
RevenueUS$590.48m
Cost of RevenueUS$0
Gross ProfitUS$590.48m
Other ExpensesUS$376.85m
EarningsUS$213.63m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.05
Gross Margin100.00%
Net Profit Margin36.18%
Debt/Equity Ratio19.3%

How did IBTX perform over the long term?

See historical performance and comparison

Dividends

2.2%

Current Dividend Yield

28%

Payout Ratio

Valuation

Is Independent Bank Group undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


45.9%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: IBTX ($69.97) is trading below our estimate of fair value ($129.27)

Significantly Below Fair Value: IBTX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: IBTX is poor value based on its Price-To-Earnings Ratio (13.8x) compared to the US Banks industry average (9.7x).

PE vs Market: IBTX is good value based on its Price-To-Earnings Ratio (13.8x) compared to the US market (14.9x).


Price to Earnings Growth Ratio

PEG Ratio: IBTX is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: IBTX's Price-To-Book Ratio (1.2x) is in line with the US Banks industry average.


Future Growth

How is Independent Bank Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


8.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBTX's forecast earnings growth (8.9% per year) is above the savings rate (1.9%).

Earnings vs Market: IBTX's earnings (8.9% per year) are forecast to grow slower than the US market (12.1% per year).

High Growth Earnings: IBTX's earnings are forecast to grow, but not significantly.

Revenue vs Market: IBTX's revenue (8.7% per year) is forecast to grow faster than the US market (7.7% per year).

High Growth Revenue: IBTX's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if IBTX's Return on Equity is forecast to be high in 3 years time


Past Performance

How has Independent Bank Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


24.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IBTX has high quality earnings.

Growing Profit Margin: IBTX's current net profit margins (36.2%) are lower than last year (37%).


Past Earnings Growth Analysis

Earnings Trend: IBTX's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: IBTX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IBTX had negative earnings growth (-0.5%) over the past year, making it difficult to compare to the Banks industry average (20.8%).


Return on Equity

High ROE: IBTX's Return on Equity (8.5%) is considered low.


Financial Health

How is Independent Bank Group's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: IBTX's Assets to Equity ratio (7.1x) is low.

Allowance for Bad Loans: IBTX has a sufficient allowance for bad loans (206%).

Low Risk Liabilities: 96% of IBTX's liabilities are made up of primarily low risk sources of funding.

Loan Level: IBTX has an appropriate level of Loans to Assets ratio (69%).

Low Risk Deposits: IBTX's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: IBTX has an appropriate level of bad loans (0.6%).


Dividend

What is Independent Bank Group current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.17%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IBTX's dividend (2.17%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: IBTX's dividend (2.17%) is low compared to the top 25% of dividend payers in the US market (4.06%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, IBTX has been paying a dividend for less than 10 years.

Growing Dividend: IBTX's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.9%), IBTX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

David Brooks (62 yo)

20.33yrs

Tenure

US$2,728,746

Compensation

Mr. David R. Brooks has been the Chairman of the Board of Independent Bank Group, Inc. since 2002 and serves as its Chief Executive Officer since 2002. He served as President at Independent Bank Group, Inc...


CEO Compensation Analysis

Compensation vs Market: David's total compensation ($USD2.73M) is below average for companies of similar size in the US market ($USD6.91M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: IBTX's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: IBTX's board of directors are considered experienced (9.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: IBTX insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Independent Bank Group, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Independent Bank Group, Inc.
  • Ticker: IBTX
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.958b
  • Shares outstanding: 42.27m
  • Website: https://www.independent-bank.com

Number of Employees


Location

  • Independent Bank Group, Inc.
  • 7777 Henneman Way
  • McKinney
  • Texas
  • 75070-1711
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/25 00:00
End of Day Share Price2022/05/25 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.