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Independent Bank Group

Market Cap

US$3.3b

Last Updated

2021/05/06 22:53 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


Snowflake Analysis

Flawless balance sheet with acceptable 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 +/- 5% a week.

Volatility Over Time: IBTX's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.4%

IBTX

2.4%

US Banks

-1.7%

US Market


1 Year Return

175.7%

IBTX

82.9%

US Banks

51.8%

US Market

Return vs Industry: IBTX exceeded the US Banks industry which returned 83.3% over the past year.

Return vs Market: IBTX exceeded the US Market which returned 52.8% over the past year.


Shareholder returns

IBTXIndustryMarket
7 Day0.4%2.4%-1.7%
30 Day6.6%6.5%1.5%
90 Day12.6%22.6%3.1%
1 Year183.8%175.7%88.8%82.9%54.4%51.8%
3 Year7.1%1.2%28.3%17.4%63.0%52.8%
5 Year142.4%125.9%115.1%88.1%127.2%101.9%

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

Valuation

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

17.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IBTX ($77.17) is trading below our estimate of fair value ($93.85)

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 poor value based on its PE Ratio (15.4x) compared to the US Banks industry average (12.1x).

PE vs Market: IBTX is good value based on its PE Ratio (15.4x) compared to the US market (20.4x).


Price to Earnings Growth Ratio

PEG Ratio: IBTX's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: IBTX is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.1x).


Future Growth

How is Independent Bank Group forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IBTX's earnings are forecast to decline over the next 3 years (-1.5% per year).

Earnings vs Market: IBTX's earnings are forecast to decline over the next 3 years (-1.5% per year).

High Growth Earnings: IBTX's earnings are forecast to decline over the next 3 years.

Revenue vs Market: IBTX's revenue (2.2% per year) is forecast to grow slower than the US market (9.2% per year).

High Growth Revenue: IBTX's revenue (2.2% 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 (8%).


Past Performance

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

32.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBTX has high quality earnings.

Growing Profit Margin: IBTX's current net profit margins (37.4%) are higher than last year (35.5%).


Past Earnings Growth Analysis

Earnings Trend: IBTX's earnings have grown significantly by 32.3% per year over the past 5 years.

Accelerating Growth: IBTX's earnings growth over the past year (8.6%) is below its 5-year average (32.3% per year).

Earnings vs Industry: IBTX earnings growth over the past year (8.6%) underperformed the Banks industry 17.2%.


Return on Equity

High ROE: IBTX's Return on Equity (8.7%) 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 Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: IBTX's Assets to Equity ratio (7.3x) is low.

Allowance for Bad Loans: IBTX has a sufficient allowance for bad loans (275%).

Low Risk Liabilities: 95% 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 (70%).

Low Risk Deposits: IBTX's Loans to Deposits ratio (85%) is appropriate.

Level of Bad Loans: IBTX has an appropriate level of bad loans (0.5%).


Dividend

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

1.66%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IBTX's dividend (1.66%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: IBTX's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (3.42%).


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 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.9%), 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 and that it will be covered by earnings.


Next Steps

Management

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

5.1yrs

Average management tenure


CEO

David Brooks (61 yo)

19.33yrs

Tenure

US$4,298,189

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 ($USD4.30M) is about average for companies of similar size in the US market ($USD5.40M).

Compensation vs Earnings: David's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: IBTX's management team is seasoned and experienced (5.1 years average tenure).


Board Members

Experienced Board: IBTX's board of directors are considered experienced (7.7 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 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$3.300b
  • Shares outstanding: 43.19m
  • Website: https://www.independent-bank.com

Number of Employees


Location

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

Listings


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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/06 22:53
End of Day Share Price2021/05/06 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.