Independent Bank Group
Market Cap
US$2.9b
Last Updated
2021/01/16 00:20 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has Independent Bank Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IBTX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: IBTX's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
3.0%
IBTX
0.8%
US Banks
-0.9%
US Market
1 Year Return
26.2%
IBTX
-7.3%
US Banks
19.6%
US Market
Return vs Industry: IBTX exceeded the US Banks industry which returned -4.2% over the past year.
Return vs Market: IBTX exceeded the US Market which returned 21% over the past year.
Shareholder returns
| IBTX | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 0.8% | -0.9% |
| 30 Day | 8.8% | 12.0% | 3.0% |
| 90 Day | 40.1% | 38.4% | 11.5% |
| 1 Year | 29.4%26.2% | -3.9%-7.3% | 22.3%19.6% |
| 3 Year | -4.1%-8.9% | 1.6%-7.1% | 45.3%35.7% |
| 5 Year | 147.9%131.9% | 87.6%63.8% | 124.8%99.9% |
Long-Term Price Volatility Vs. Market
How volatile is Independent Bank Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall St
Have Insiders Been Selling Independent Bank Group, Inc. (NASDAQ:IBTX) Shares?1 year ago | Simply Wall St
Is It Time To Consider Buying Independent Bank Group, Inc. (NASDAQ:IBTX)?1 year ago | Simply Wall St
Why Independent Bank Group, Inc.'s (NASDAQ:IBTX) High P/E Ratio Isn't Necessarily A Bad ThingValuation
Is Independent Bank Group undervalued compared to its fair value and its price relative to the market?
35.2%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IBTX ($67.85) is trading below our estimate of fair value ($104.71)
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 PE Ratio (15.1x) compared to the US Banks industry average (12.3x).
PE vs Market: IBTX is good value based on its PE Ratio (15.1x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: IBTX is poor value based on its PEG Ratio (33.3x)
Price to Book Ratio
PB vs Industry: IBTX is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is Independent Bank Group forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IBTX's forecast earnings growth (0.5% per year) is below the savings rate (2%).
Earnings vs Market: IBTX's earnings (0.5% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: IBTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: IBTX's revenue (0.6% per year) is forecast to grow slower than the US market (10.2% per year).
High Growth Revenue: IBTX's revenue (0.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IBTX's Return on Equity is forecast to be low in 3 years time (9.4%).
Next Steps
Past Performance
How has Independent Bank Group performed over the past 5 years?
35.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IBTX has high quality earnings.
Growing Profit Margin: IBTX's current net profit margins (34.8%) are higher than last year (33.9%).
Past Earnings Growth Analysis
Earnings Trend: IBTX's earnings have grown significantly by 35.2% per year over the past 5 years.
Accelerating Growth: IBTX's earnings growth over the past year (9.9%) is below its 5-year average (35.2% per year).
Earnings vs Industry: IBTX earnings growth over the past year (9.9%) exceeded the Banks industry -4.4%.
Return on Equity
High ROE: IBTX's Return on Equity (7.8%) is considered low.
Next Steps
Financial Health
How is Independent Bank Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: IBTX's Assets to Equity ratio (6.9x) is low.
Allowance for Bad Loans: IBTX has a sufficient allowance for bad loans (211%).
Low Risk Liabilities: 94% 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 (75%).
Low Risk Deposits: IBTX's Loans to Deposits ratio (93%) is appropriate.
Level of Bad Loans: IBTX has an appropriate level of bad loans (0.3%).
Next Steps
Dividend
What is Independent Bank Group current dividend yield, its reliability and sustainability?
1.47%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: IBTX's dividend (1.47%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: IBTX's dividend (1.47%) is low compared to the top 25% of dividend payers in the US market (3.84%).
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 7 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (22.3%), IBTX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IBTX's dividends in 3 years are forecast to be well covered by earnings (25.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
David Brooks (61 yo)
19yrs
Tenure
US$2,343,385
Compensation
Mr. David R. Brooks has been the Chairman of the Board of Independent Bank Group, Inc. since 2002, its President since October 3, 2016, and its Chief Executive Officer since 2002. He is the Chairman and Ch...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD2.34M) is below average for companies of similar size in the US market ($USD4.98M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19yrs | US$2.34m | 2.13% $ 62.4m | |
| Vice Chairman & Chief Risk Officer | 12yrs | US$1.05m | 0.31% $ 9.1m | |
| Executive VP & CFO | 8.67yrs | US$816.35k | 0.090% $ 2.6m | |
| Executive VP & General Counsel | 2.83yrs | US$851.63k | 0.074% $ 2.2m | |
| Executive VP of Corporate Responsibility | 3yrs | US$1.01m | 0.035% $ 1.0m | |
| Executive VP & COO | 4.75yrs | US$643.63k | 0.040% $ 1.2m | |
| Executive VP & Chief Accounting Officer | no data | no data | no data | |
| Senior VP | no data | no data | no data | |
| Senior Vice President of Marketing & Communications | no data | no data | no data | |
| Senior Vice President of Commercial Lending | 2.75yrs | no data | no data | |
| Senior Vice President SBA Business Development Officer | 1.33yrs | no data | no data | |
| Executive VP & Chief Banking Officer | no data | no data | 0.089% $ 2.6m |
3.9yrs
Average Tenure
57yo
Average Age
Experienced Management: IBTX's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 19yrs | US$2.34m | 2.13% $ 62.4m | |
| Vice Chairman & Chief Risk Officer | 12yrs | US$1.05m | 0.31% $ 9.1m | |
| Independent Director | 7.92yrs | US$180.38k | 0.042% $ 1.2m | |
| Independent Director | 6.75yrs | US$165.38k | 0.12% $ 3.7m | |
| Independent Director | 12yrs | US$175.38k | 0.52% $ 15.3m | |
| Lead Independent Director | 1.5yrs | US$170.38k | 0.19% $ 5.6m | |
| Independent Director | 7.92yrs | US$165.38k | 0.062% $ 1.8m | |
| Independent Director | 6.75yrs | US$165.38k | 0.33% $ 9.7m | |
| Independent Director | 1.67yrs | US$110.06k | 0.015% $ 450.7k |
7.9yrs
Average Tenure
60yo
Average Age
Experienced Board: IBTX's board of directors are considered experienced (7.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: IBTX insiders have sold more shares than they have bought 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 company bio, 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
- Market Cap: US$2.934b
- Shares outstanding: 43.25m
- Website: https://www.independent-bank.com
Number of Employees
Location
- Independent Bank Group, Inc.
- 7777 Henneman Way
- McKinney
- Texas
- 75070-1711
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| IBTX | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 2013 |
| I3B | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 2013 |
Biography
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 Un...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 00:20 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.