Independent Bank Group
Market Cap
US$2.3b
Last Updated
2019/10/23 00:17 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.
Snowflake
Fundamentals
Flawless balance sheet and good value.
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
Market Performance
7 Day Return
1.8%
IBTX
2.9%
US Banks
0.07%
US Market
1 Year Return
-1.2%
IBTX
8.6%
US Banks
8.9%
US Market
Return vs Industry: IBTX underperformed the US Banks industry which returned 8.6% over the past year.
Return vs Market: IBTX underperformed the US Market which returned 8.9% over the past year.
Shareholder returns
| IBTX | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 2.9% | 0.07% |
| 30 Day | -1.1% | 3.4% | -0.3% |
| 90 Day | -6.8% | 2.1% | -1.6% |
| 1 Year | 0.4%-1.2% | 11.8%8.6% | 11.3%8.9% |
| 3 Year | 12.6%9.2% | 54.8%44.1% | 46.3%36.8% |
| 5 Year | 29.3%23.5% | 70.2%51.6% | 62.1%44.3% |
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
Three Understated Metrics For Independent Bank Group Inc (NASDAQ:IBTX) You Should Know1 year ago | Simply Wall St
Have Investors Priced In Independent Bank Group Inc's (NASDAQ:IBTX) Growth?1 year ago | Simply Wall St
Will Independent Bank Group Inc (NASDAQ:IBTX) Continue To Underperform Its Industry?Valuation
Is Independent Bank Group undervalued compared to its fair value and its price relative to the market?
28.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IBTX ($52.48) is trading below our estimate of fair value ($73.22)
Significantly Below Fair Value: IBTX is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IBTX is good value based on its PE Ratio (12.4x) compared to the Banks industry average (12.6x).
PE vs Market: IBTX is good value based on its PE Ratio (12.4x) compared to the US market (17.8x).
Price to Earnings Growth Ratio
PEG Ratio: IBTX is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: IBTX is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
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?
9.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IBTX's forecast earnings growth (9.2% per year) is above the savings rate (2.7%).
Earnings vs Market: IBTX's earnings (9.2% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: IBTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: IBTX's revenue (5.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: IBTX's revenue (5.1% 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 (9.2%).
Next Steps
Past Performance
How has Independent Bank Group performed over the past 5 years?
36.7%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: IBTX's earnings have grown significantly by 36.7% per year over the past 5 years.
Accelerating Growth: IBTX's earnings growth over the past year (54.7%) exceeds its 5-year average (36.7% per year).
Earnings vs Industry: IBTX earnings growth over the past year (54.7%) exceeded the Banks industry 29.7%.
Return on Equity
High ROE: IBTX's Return on Equity (7%) is considered low.
Return on Assets
ROA vs Industry: IBTX has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate IBTX's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: IBTX has a low level of unsold assets or inventory.
Debt Coverage by Assets: IBTX's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: IBTX's level of assets compared to its equity is low.
Allowance for Bad Loans: IBTX has a sufficient allowance for bad loans.
Low Risk Liabilities: IBTX's liabilities are made up of primarily low risk sources of funding.
Loan Level: IBTX has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IBTX's loans are broadly funded by customer deposits.
Level of Bad Loans: IBTX has an appropriate level of bad loans (0.15%)
Next Steps
Dividend
What is Independent Bank Group's current dividend yield, its reliability and sustainability?
1.91%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: IBTX's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: IBTX's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (3.68%).
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 6 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (18.4%), 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 (23.5% payout ratio).
Next Steps
Management
What is the CEO of Independent Bank Group's salary, the management and board of directors tenure and is there insider trading?
5.0yrs
Average management tenure
CEO
David Brooks (60yo)
17.8yrs
Tenure
US$2,069,389
Compensation
Mr. David R. Brooks has been the Chairman of the Board since 2002, President since October 3, 2016, and Chief Executive Officer since 2002 of Independent Bank Group, Inc. He is the Chairman and Chief Execu ...
CEO Compensation Analysis
Compensation vs. Market: David's total compensation ($USD2.07M) is about average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.0yrs
Average Tenure
54yo
Average Age
Experienced Management: IBTX's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
6.7yrs
Average Tenure
58.5yo
Average Age
Experienced Board: IBTX's board of directors are considered experienced (6.7 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 275 |
| Max Price | US$53.28 |
| Entity | Company |
| Shares | 135,000 |
| Max Price | US$52.90 |
| Entity | Individual |
| Shares | 5,300 |
| Max Price | US$56.79 |
| Entity | Individual |
| Role | Senior Key Executive Vice Chairman & Chief Lending Officer |
| Shares | 1,790 |
| Max Price | US$55.90 |
| Entity | Individual |
| Shares | 5,000 |
| Max Price | US$57.22 |
| Entity | Individual |
| Shares | 12,667 |
| Max Price | US$52.88 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 10,000 |
| Max Price | US$55.92 |
| Entity | Individual |
| Role | Senior Key Executive Vice Chairman & Chief Lending Officer |
| Shares | 2,020 |
| Max Price | US$49.43 |
| Entity | Individual |
| Role | Vice Chairman Vice Chairman & Chief Risk Officer |
| Shares | 2,000 |
| Max Price | US$50.21 |
| Entity | Individual |
| Role | Senior Key Executive Vice Chairman & Chief Lending Officer |
| Shares | 1,970 |
| Max Price | US$50.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 500 |
| Max Price | US$51.56 |
| Entity | Individual |
| Role | Senior Key Executive Vice Chairman & Chief Lending Officer |
| Shares | 1,781 |
| Max Price | US$56.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 900 |
| Max Price | US$55.27 |
| Entity | Company |
| Shares | 1,100 |
| Max Price | US$54.43 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$54.79 |
| Entity | Individual |
| Role | Vice Chairman Vice Chairman & Chief Risk Officer |
| Shares | 1,000 |
| Max Price | US$55.71 |
| Entity | Individual |
| Role | Senior Key Executive Vice Chairman & Chief Lending Officer |
| Shares | 3,700 |
| Max Price | US$54.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 4,500 |
| Max Price | US$53.89 |
Ownership Breakdown
Management Team
Michelle Hickox (51yo)
Executive VP & CFO
- Tenure: 7.4yrs
- Compensation: US$683.73k
Jim White (54yo)
Executive VP & COO
- Tenure: 3.5yrs
- Compensation: US$643.63k
David Brooks (60yo)
Chairman
- Tenure: 17.8yrs
- Compensation: US$2.07m
Dan Brooks (59yo)
Vice Chairman & Chief Risk Officer
- Tenure: 10.8yrs
- Compensation: US$916.58k
Brian Hobart (53yo)
Vice Chairman & Chief Lending Officer
- Tenure: 10.8yrs
- Compensation: US$860.72k
Leslie Beseda
Executive VP & Chief Accounting Officer
- Tenure: 0yrs
James Tippit (48yo)
Executive VP & Head of Corporate Responsibility
- Tenure: 1.8yrs
Mark Haynie (63yo)
Executive VP & General Counsel
- Tenure: 1.6yrs
Peggy Smolen
Senior Vice President of Marketing & Communications
- Tenure: 0yrs
Kenneth Whitelam
Senior Vice President of Commercial Lending
- Tenure: 1.5yrs
Board Members
Mark Gormley (58yo)
Director
- Tenure: 2.5yrs
- Compensation: US$98.48k
Craig Holmes (61yo)
Independent Director
- Tenure: 6.7yrs
- Compensation: US$113.48k
Tom Nichols (72yo)
Director
- Tenure: 2.5yrs
- Compensation: US$98.48k
John Jennings (48yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: US$98.48k
David Brooks (60yo)
Chairman
- Tenure: 17.8yrs
- Compensation: US$2.07m
Dan Brooks (59yo)
Vice Chairman & Chief Risk Officer
- Tenure: 10.8yrs
- Compensation: US$916.58k
Will Fair (57yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$108.48k
G. Smith (50yo)
Director
- Tenure: 6.7yrs
- Compensation: US$103.48k
Michael Viola (32yo)
Independent Director
- Tenure: 6.7yrs
- Compensation: US$98.48k
Donald Poarch (67yo)
Independent Director
- Tenure: 5.5yrs
- Compensation: US$98.48k
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$2.254b
- Shares outstanding: 42.95m
- Website: https://www.independent-bank.com
Number of Employees
Location
- Independent Bank Group, Inc.
- 1600 Redbud Boulevard
- Suite 100
- McKinney
- Texas
- 75069
- 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 | 2019/10/23 00:17 |
| End of Day Share Price | 2019/10/22 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.