Independent Bank Group, Inc.

NasdaqGS:IBTX Stock Report

Market Cap: US$2.7b

Independent Bank Group Management

Management criteria checks 4/4

Independent Bank Group's CEO is David Brooks, appointed in Jan 2002, has a tenure of 22.83 years. total yearly compensation is $3.22M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 1.69% of the company’s shares, worth $45.56M. The average tenure of the management team and the board of directors is 3.1 years and 11.8 years respectively.

Key information

David Brooks

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage29.8%
CEO tenure22.8yrs
CEO ownership1.7%
Management average tenure3.1yrs
Board average tenure11.8yrs

Recent management updates

Recent updates

The Merger Between Independent Bank Group And SouthState Corporation Is Unexciting

Jun 29

Independent Bank Group: Holding The Line For Now

Feb 24

Earnings Miss: Independent Bank Group, Inc. Missed EPS By 20% And Analysts Are Revising Their Forecasts

Jan 25
Earnings Miss: Independent Bank Group, Inc. Missed EPS By 20% And Analysts Are Revising Their Forecasts

Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38

Jul 30
Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38

Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38

Jan 27
Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38

Independent Bank Group declares $0.38 dividend

Jul 25

Does Independent Bank Group (NASDAQ:IBTX) Deserve A Spot On Your Watchlist?

Mar 28
Does Independent Bank Group (NASDAQ:IBTX) Deserve A Spot On Your Watchlist?

Analysts Are Updating Their Independent Bank Group, Inc. (NASDAQ:IBTX) Estimates After Its Full-Year Results

Jan 27
Analysts Are Updating Their Independent Bank Group, Inc. (NASDAQ:IBTX) Estimates After Its Full-Year Results

With EPS Growth And More, Independent Bank Group (NASDAQ:IBTX) Is Interesting

Dec 09
With EPS Growth And More, Independent Bank Group (NASDAQ:IBTX) Is Interesting

Independent Bank: Gearing Up For Continued Success

Aug 05

CEO Compensation Analysis

How has David Brooks's remuneration changed compared to Independent Bank Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$432m

Jun 30 2024n/an/a

-US$420m

Mar 31 2024n/an/a

US$105m

Dec 31 2023US$3mUS$959k

US$43m

Sep 30 2023n/an/a

US$69m

Jun 30 2023n/an/a

US$88m

Mar 31 2023n/an/a

US$107m

Dec 31 2022US$3mUS$847k

US$195m

Sep 30 2022n/an/a

US$208m

Jun 30 2022n/an/a

US$208m

Mar 31 2022n/an/a

US$214m

Dec 31 2021US$3mUS$824k

US$223m

Sep 30 2021n/an/a

US$227m

Jun 30 2021n/an/a

US$234m

Mar 31 2021n/an/a

US$215m

Dec 31 2020US$4mUS$799k

US$200m

Sep 30 2020n/an/a

US$192m

Jun 30 2020n/an/a

US$188m

Mar 31 2020n/an/a

US$199m

Dec 31 2019US$2mUS$765k

US$191m

Sep 30 2019n/an/a

US$176m

Jun 30 2019n/an/a

US$156m

Mar 31 2019n/an/a

US$136m

Dec 31 2018US$2mUS$725k

US$127m

Sep 30 2018n/an/a

US$113m

Jun 30 2018n/an/a

US$101m

Mar 31 2018n/an/a

US$90m

Dec 31 2017US$2mUS$700k

US$77m

Compensation vs Market: David's total compensation ($USD3.22M) is below average for companies of similar size in the US market ($USD6.59M).

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


CEO

David Brooks (65 yo)

22.8yrs

Tenure

US$3,217,738

Compensation

Mr. David R. Brooks is Chairman of the Board, Chief Executive Officer and a Director of the Independent Bank and Independent Bank Group, Inc. since 2002. He founded Independent Bank Group, Inc. in 1988. Mr...


Leadership Team

NamePositionTenureCompensationOwnership
David Brooks
Chairman of the Board & CEO22.8yrsUS$3.22m1.69%
$ 45.6m
Michael Hobbs
President & COO3.1yrsUS$1.48m0.12%
$ 3.2m
Paul Langdale
Executive VP & CFO2.3yrsUS$892.25k0.031%
$ 846.8k
John Turpen
Executive VP & Chief Risk Officer3.3yrsUS$1.04m0.026%
$ 702.4k
Brenda Montgomery
Chief Accounting Officerno datano data0.032%
$ 860.3k
Bill Wade
EVP & Chief Information Officer2.5yrsno datano data
James Tippit
Executive Vice President of Corporate Responsibility6.8yrsUS$1.01m0.054%
$ 1.5m
Leslie Beseda
Senior VP & Director of Financial Reportingno datano datano data
Charles Cartwright
Senior Vice President SBA Business Development Officer5.2yrsno datano data
Daniel App
EVP & Head of Operations2.5yrsno datano data
Daniel Strodel
Executive VP & Chief Banking Officer2.2yrsno datano data
Ankita Puri
Executive VP & Chief Legal Officerno datano datano data

3.1yrs

Average Tenure

55yo

Average Age

Experienced Management: IBTX's management team is considered experienced (3.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
David Brooks
Chairman of the Board & CEO22.8yrsUS$3.22m1.69%
$ 45.6m
Craig Holmes
Independent Director11.8yrsUS$147.00k0.056%
$ 1.5m
Paul Washington
Independent Director3.6yrsUS$127.00k0.012%
$ 327.8k
John Jennings
Independent Director10.6yrsUS$127.00k0.14%
$ 3.7m
Janet Froetscher
Independent Director1.5yrsUS$126.33k0.0079%
$ 214.1k
Daniel Brooks
Vice Chairman22.8yrsUS$1.27m0.32%
$ 8.7m
William Fair
Independent Director15.8yrsUS$142.00k0.56%
$ 15.1m
G. Smith
Lead Independent Director11.8yrsUS$177.00k0.14%
$ 3.7m
Michael Viola
Independent Director11.8yrsUS$142.00k0.077%
$ 2.1m
Donald Poarch
Independent Director10.6yrsUS$127.00k0.36%
$ 9.6m
Alicia Harrison
Independent Director5.5yrsUS$127.00k0.028%
$ 753.4k

11.8yrs

Average Tenure

64yo

Average Age

Experienced Board: IBTX's board of directors are seasoned and experienced ( 11.8 years average tenure).