Independent Bank Group, Inc.
NasdaqGS:IBTX Stock Report
Independent Bank Group Balance Sheet Health
Financial Health criteria checks 6/6 Independent Bank Group has total assets of $18.6B and total equity of $1.9B. Total deposits are $16.0B, and total loans are $14.1B. It earns a Net Interest Margin of 2.8%. It has sufficient allowance for bad loans, which are currently at 0.4% of total loans. Cash and short-term investments are $1.3B.
Key information
9.5x
Asset to equity ratio
Total deposits US$16.00b
Loan to deposit ratio Appropriate
Bad loans 0.4%
Allowance for bad loans Sufficient
Current ratio Low
Cash & equivalents US$1.34b
Recent financial health updates
Show all updates
Third quarter dividend of US$0.38 announced Oct 24
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Oct 23
Now 23% undervalued Aug 05
Price target increased by 10% to US$56.50 Jul 30
Second quarter dividend of US$0.38 announced Jul 28
Independent Bank Group, Inc. Reports Goodwill Impairment for the Second Quarter Ended June 30, 2024 Jul 26
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Jul 25
New minor risk - Dividend sustainability Jul 25 Independent Bank Group, Inc. Reports Net Charge-Offs for the Second Quarter of 2024
Investor sentiment improves as stock rises 15% Jul 15
The Merger Between Independent Bank Group And SouthState Corporation Is Unexciting Jun 29
Price target increased by 8.8% to US$49.67 Jun 02 SouthState Corporation (NYSE:SSB) entered into an Agreement and Plan of Merger to acquire Independent Bank Group, Inc. (NasdaqGS:IBTX) from Vincent J. Viola and others for $2 billion. May 22
SouthState Corporation (NYSE:SSB) entered into an Agreement and Plan of Merger to acquire Independent Bank Group, Inc. (NasdaqGS:IBTX) from Vincent J. Viola and others for $2 billion. May 21
Insufficient new directors May 01
Consensus EPS estimates fall by 11% Apr 25
Price target decreased by 10% to US$48.14 Apr 24
First quarter 2024 earnings: EPS and revenues miss analyst expectations Apr 23
Independent Bank Group, Inc. to Report Q1, 2024 Results on Apr 22, 2024 Apr 10
Independent Bank Group: Holding The Line For Now Feb 24
Full year 2023 earnings: EPS misses analyst expectations Feb 22
Now 23% undervalued Feb 01
Fourth quarter dividend of US$0.38 announced Jan 25
Earnings Miss: Independent Bank Group, Inc. Missed EPS By 20% And Analysts Are Revising Their Forecasts Jan 25
Price target increased by 9.4% to US$51.43 Jan 23
Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on February 15, 2024 Jan 23
Independent Bank Group, Inc. to Report Q4, 2023 Results on Jan 22, 2024 Jan 11
Price target increased by 12% to US$47.00 Dec 29
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Oct 25
Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on November 16, 2023 Oct 24
Independent Bank Group, Inc. to Report Q3, 2023 Results on Oct 23, 2023 Oct 11
Consensus EPS estimates fall by 17% Aug 01
Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38 Jul 30
Price target increased by 8.5% to US$47.40 Jul 28
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Jul 25 Independent Bank Group, Inc. Declares Quarterly Dividend, Payable on August 17, 2023
Independent Bank Group, Inc. to Report Q2, 2023 Results on Jul 24, 2023 Jul 12
Independent Bank Group, Inc. to Report Q2, 2023 Results on Jul 24, 2023 Jul 11
Investor sentiment improves as stock rises 21% Jun 08
Independent Bank Group, Inc. Approves the Appointment of Janet P. Froetscher as Director May 23
Investor sentiment improves as stock rises 16% May 19
Chairman of the Board & CEO recently bought US$152k worth of stock May 06
Now 22% undervalued after recent price drop May 05
Price target decreased by 12% to US$53.17 Apr 27
First quarter 2023 earnings: Revenues miss analyst expectations Apr 25
Price target decreased by 9.0% to US$61.00 Apr 06
Full year 2022 earnings: EPS misses analyst expectations Feb 24
Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38 Jan 27
Upcoming dividend of US$0.38 per share at 2.6% yield Jan 27
Full year 2022 earnings: EPS misses analyst expectations Jan 24 Independent Bank Group, Inc. (NasdaqGS:IBTX) announces an Equity Buyback for $125 million worth of its shares.
Independent Bank Group, Inc. to Report Q4, 2022 Results on Jan 23, 2023 Jan 12
Price target decreased to US$73.57 Dec 12
Insufficient new directors Nov 16
Third quarter 2022 earnings: Revenues in line with analyst expectations Oct 25
Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2022 Oct 25
Independent Bank Group, Inc. to Report Q3, 2022 Results on Oct 24, 2022 Oct 06
Independent Bank Group, Inc. Appoints Dan Strodel as Executive Vice President and Chief Banking Officer Sep 07
President & COO recently sold US$101k worth of stock Aug 20
Independent Bank Group, Inc. Announces Chief Financial Officer Changes Jul 30
Second quarter 2022 earnings: EPS exceeds analyst expectations Jul 26
Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on August 18, 2022 Jul 26
Independent Bank Group declares $0.38 dividend Jul 25
Independent Bank Group, Inc. to Report Q2, 2022 Results on Jul 25, 2022 Jul 08
Executive VP & COO recently sold US$64k worth of stock Jun 07
Insufficient new directors Jun 02
President & COO recently sold US$187k worth of stock May 06
Independent Bank Group, Inc. Announces Executive Changes May 04
First quarter 2022 earnings: EPS exceeds analyst expectations Apr 27
Independent Bank Group, Inc. Declares Quarterly Dividend, Payable on May 19, 2022 Apr 26
Independent Bank Group, Inc. to Report Q1, 2022 Results on Apr 25, 2022 Apr 25
Independent Bank Group, Inc., Annual General Meeting, May 26, 2022 Apr 16
Does Independent Bank Group (NASDAQ:IBTX) Deserve A Spot On Your Watchlist? Mar 28
Executive VP & COO notifies of intention to sell stock Mar 05
Executive VP & COO recently sold US$102k worth of stock Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Mar 02
Independent Director recently sold US$209k worth of stock Feb 17
Lead Independent Director notifies of intention to sell stock Feb 03
Upcoming dividend of US$0.38 per share Feb 02
Lead Independent Director recently sold US$1.4m worth of stock Jan 30
Analysts Are Updating Their Independent Bank Group, Inc. (NASDAQ:IBTX) Estimates After Its Full-Year Results Jan 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Jan 27
With EPS Growth And More, Independent Bank Group (NASDAQ:IBTX) Is Interesting Dec 09
President & COO recently sold US$154k worth of stock Nov 25
Third quarter 2021 earnings released: EPS US$1.22 (vs US$1.39 in 3Q 2020) Oct 26
Executive VP & COO recently sold US$87k worth of stock Aug 31
Independent Bank: Gearing Up For Continued Success Aug 05
Second quarter 2021 earnings released: EPS US$1.35 (vs US$0.90 in 2Q 2020) Jul 28
Executive VP & General Counsel recently sold US$1.1m worth of stock Jun 04
First quarter 2021 earnings released: EPS US$1.39 (vs US$1.03 in 1Q 2020) Apr 29
Independent Bank Group, Inc. Declares Quarterly Dividend, Payable on May 20, 2021 Apr 27
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: IBTX's Assets to Equity ratio (9.5x) is low .
Allowance for Bad Loans: IBTX has a sufficient allowance for bad loans (254%).
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 (76%).
Low Risk Deposits: IBTX's Loans to Deposits ratio (88%) is appropriate .
Level of Bad Loans: IBTX has an appropriate level of bad loans (0.4%).
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