Independent Bank Group Management
Management criteria checks 3/4
Independent Bank Group's CEO is David Brooks, appointed in Jan 2002, has a tenure of 22.25 years. total yearly compensation is $3.35M, comprised of 25.3% salary and 74.7% bonuses, including company stock and options. directly owns 1.65% of the company’s shares, worth $26.81M. The average tenure of the management team and the board of directors is 2.5 years and 11.2 years respectively.
Key information
David Brooks
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 25.3% |
| CEO tenure | 22.3yrs |
| CEO ownership | 1.7% |
| Management average tenure | 2.5yrs |
| Board average tenure | 11.2yrs |
Recent management updates
Recent updates
Independent Bank Group: Holding The Line For Now
Feb 24Earnings Miss: Independent Bank Group, Inc. Missed EPS By 20% And Analysts Are Revising Their Forecasts
Jan 25
Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38
Jul 30Independent Bank Group (NASDAQ:IBTX) Is Paying Out A Dividend Of $0.38
Jan 27Independent Bank Group declares $0.38 dividend
Jul 25Does Independent Bank Group (NASDAQ:IBTX) Deserve A Spot On Your Watchlist?
Mar 28Analysts Are Updating Their Independent Bank Group, Inc. (NASDAQ:IBTX) Estimates After Its Full-Year Results
Jan 27With EPS Growth And More, Independent Bank Group (NASDAQ:IBTX) Is Interesting
Dec 09Independent Bank: Gearing Up For Continued Success
Aug 05Independent Bank increases dividend to $0.32
Apr 26Independent Bank declares $0.30 dividend
Feb 01CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$105m |
| Dec 31 2023 | n/a | n/a | US$43m |
| Sep 30 2023 | n/a | n/a | US$69m |
| Jun 30 2023 | n/a | n/a | US$88m |
| Mar 31 2023 | n/a | n/a | US$107m |
| Dec 31 2022 | US$3m | US$847k | US$195m |
| Sep 30 2022 | n/a | n/a | US$208m |
| Jun 30 2022 | n/a | n/a | US$208m |
| Mar 31 2022 | n/a | n/a | US$214m |
| Dec 31 2021 | US$3m | US$824k | US$223m |
| Sep 30 2021 | n/a | n/a | US$227m |
| Jun 30 2021 | n/a | n/a | US$234m |
| Mar 31 2021 | n/a | n/a | US$215m |
| Dec 31 2020 | US$4m | US$799k | US$200m |
| Sep 30 2020 | n/a | n/a | US$192m |
| Jun 30 2020 | n/a | n/a | US$188m |
| Mar 31 2020 | n/a | n/a | US$199m |
| Dec 31 2019 | US$2m | US$765k | US$191m |
| Sep 30 2019 | n/a | n/a | US$176m |
| Jun 30 2019 | n/a | n/a | US$156m |
| Mar 31 2019 | n/a | n/a | US$136m |
| Dec 31 2018 | US$2m | US$725k | US$127m |
| Sep 30 2018 | n/a | n/a | US$113m |
| Jun 30 2018 | n/a | n/a | US$101m |
| Mar 31 2018 | n/a | n/a | US$90m |
| Dec 31 2017 | US$2m | US$700k | US$77m |
Compensation vs Market: David's total compensation ($USD3.35M) is below average for companies of similar size in the US market ($USD5.61M).
Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
David Brooks (64 yo)
22.3yrs
Tenure
US$3,350,562
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 22.3yrs | US$3.35m | 1.65% $ 26.8m | |
| President & COO | 2.5yrs | US$1.74m | 0.099% $ 1.6m | |
| Executive VP & CFO | 1.8yrs | US$1.43m | 0.032% $ 525.9k | |
| Executive VP & Chief Risk Officer | 2.8yrs | US$1.00m | 0.027% $ 435.1k | |
| Chief Accounting Officer | no data | no data | 0.030% $ 492.7k | |
| EVP & Chief Information Officer | 1.9yrs | no data | no data | |
| Senior Vice President of Marketing & Communications | no data | no data | no data | |
| Executive Vice President of Corporate Responsibility | 6.3yrs | US$1.01m | 0.044% $ 717.6k | |
| Senior VP & Director of Financial Reporting | no data | no data | no data | |
| Senior Vice President SBA Business Development Officer | 4.6yrs | no data | no data | |
| EVP & Head of Operations | 1.9yrs | no data | no data | |
| Executive VP & Chief Banking Officer | 1.6yrs | no data | no data |
2.5yrs
Average Tenure
54yo
Average Age
Experienced Management: IBTX's management team is considered experienced (2.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board & CEO | 22.3yrs | US$3.35m | 1.65% $ 26.8m | |
| Independent Director | 11.2yrs | US$139.97k | 0.052% $ 850.9k | |
| Independent Director | 3yrs | US$124.97k | 0.0084% $ 136.6k | |
| Independent Director | 10yrs | US$124.97k | 0.13% $ 2.1m | |
| Director | less than a year | no data | 0.0042% $ 68.2k | |
| Vice Chairman | 22.3yrs | US$1.45m | 0.30% $ 4.9m | |
| Independent Director | 15.3yrs | US$134.97k | 0.56% $ 9.0m | |
| Lead Independent Director | 11.2yrs | US$154.97k | 0.13% $ 2.1m | |
| Independent Director | 11.2yrs | US$124.97k | 0.073% $ 1.2m | |
| Independent Director | 10yrs | US$124.97k | 0.35% $ 5.7m | |
| Independent Director | 4.9yrs | US$124.97k | 0.024% $ 393.0k |
11.2yrs
Average Tenure
63yo
Average Age
Experienced Board: IBTX's board of directors are seasoned and experienced ( 11.2 years average tenure).