Independent Bank Group, Inc. (IBTX)

NASDAQ: IBTX · IEX Real-Time Price · USD
36.73
-0.31 (-0.84%)
Jun 5, 2023, 1:09 PM EDT - Market open
-0.84%
Market Cap 1.51B
Revenue (ttm) 600.29M
Net Income (ttm) 108.04M
Shares Out 41.28M
EPS (ttm) 2.60
PE Ratio 13.75
Forward PE 12.03
Dividend $1.52 (4.14%)
Ex-Dividend Date May 3, 2023
Volume 106,083
Open 36.91
Previous Close 37.04
Day's Range 35.38 - 37.01
52-Week Range 28.81 - 76.00
Beta 1.37
Analysts Buy
Price Target 49.00 (+33.41%)
Earnings Date Jul 24, 2023

About IBTX

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. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loan... [Read more]

Sector Financials
IPO Date Apr 3, 2013
Employees 1,547
Stock Exchange NASDAQ
Ticker Symbol IBTX
Full Company Profile

Financial Performance

In 2022, IBTX's revenue was $605.18 million, an increase of 1.57% compared to the previous year's $595.84 million. Earnings were $196.29 million, a decrease of -12.66%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for IBTX stock is "Buy." The 12-month stock price forecast is $49.0, which is an increase of 33.41% from the latest price.

Price Target
$49.0
(33.41% upside)
Analyst Consensus: Buy
Stock Forecasts

News

These banks have high exposure to loans secured by office properties — here's how their stocks have performed

Investors are right to be worried about declining values for office buildings. We appear to be at the start of a long transition for many cities, after the COVID-19 pandemic made clear that for many t...

3 weeks ago - Market Watch

Independent Bank Group, Inc. Reports First Quarter Financial Results and Declares Quarterly Dividend

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net loss of $37.5 million, or $0.91 per diluted share, for the quarter ended March 31, 2023, which include...

1 month ago - Business Wire

Independent Bank Group, Inc. Announces Date for Q1 2023 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Financial, will hold a conference call to discuss first quarter 2023 results on Tuesd...

1 month ago - Business Wire
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Top 5 Financial Stocks That Are Preparing To Pump In March - CVB Financial (NASDAQ:CVBF), Independent Bank Gr (NASDAQ:IBTX)

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: CVBF
3 months ago - Benzinga

TD, other banks to pay $1.35B to end Allen Stanford Ponzi scheme lawsuit

Stanford's Ponzi scheme was at the time considered the largest other than Madoff's.

Other symbols: HSBCTD
3 months ago - New York Post

Independent Bank Group, Inc. Reports Fourth Quarter Financial Results, Declares Quarterly Dividend, and Announces Share Repurchase Plan

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $40.8 million, or $0.99 per diluted share, for the quarter ended December 31, 2022, compar...

4 months ago - Business Wire

Independent Bank Group, Inc. Announces Date for Q4 2022 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Financial, will hold a conference call to discuss fourth quarter 2022 results on Tu...

5 months ago - Business Wire

Independent Bank Group, Inc. Reports Third Quarter Financial Results and Declares Quarterly Dividend

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $52.4 million, or $1.27 per diluted share, for the quarter ended September 30, 2022, compare...

7 months ago - Business Wire
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Independent Bank Group, Inc. Announces Date for Q3 2022 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Financial, will hold a conference call to discuss third quarter 2022 results on Tuesd...

8 months ago - Business Wire

Independent Financial Appoints Dan Strodel as Chief Banking Officer

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Financial, today announced the appointment of Dan Strodel as Executive Vice President...

9 months ago - Business Wire

Independent Bank Group, Inc. Appoints Paul Langdale as Chief Financial Officer

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced the appointment of Paul Langdale as Chief Financial Officer. Mr. Langdale is replacing Michelle Hickox, wh...

11 months ago - Business Wire

Independent Bank Group, Inc. Reports Second Quarter Financial Results and Declares Quarterly Dividend

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $52.4 million, or $1.25 per diluted share, for the quarter ended June 30, 2022, compared to ...

11 months ago - Business Wire

Independent Bank Group, Inc. Announces Date for Q2 2022 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, will hold a conference call to discuss second quarter 2022 results on Tuesday, ...

11 months ago - Business Wire
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Independent Bank Group, Inc. Announces Technology & Operations Leadership Changes

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced changes to its operations and technology leadership. James C. White will retire from the company and from ...

1 year ago - Business Wire

Independent Bank Group, Inc. Announces Date for Q1 2022 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Financial, will hold a conference call to discuss first quarter 2022 results on Tuesd...

1 year ago - Business Wire

Independent Bank Group, Inc. Declares & Increases Quarterly Dividend

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.38 per share of common st...

1 year ago - Business Wire

Independent Bank Group, Inc. Reports Fourth Quarter Financial Results

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $54.2 million, or $1.26 per diluted share, for the quarter ended December 31, 2021, compared...

1 year ago - Business Wire

Independent Bank Group, Inc. Announces Date for Q4 2021 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, will hold a conference call to discuss fourth quarter 2021 results on Tuesday, ...

1 year ago - Business Wire

Independent Bank Group, Inc. Reports Third Quarter Financial Results

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, today announced net income of $52.3 million, or $1.21 per diluted share, for th...

1 year ago - Business Wire

Flywheel Capital Acquires $66.85 Million Denver Metro Area Office Campus

DENVER, Oct. 20, 2021 /PRNewswire/ -- Flywheel Capital announced today that it has completed the $66.85 million purchase of Gateway Centre, a four-building office campus totaling 299,613 square feet i...

1 year ago - PRNewsWire

Independent Bank Group, Inc. Announces Date for Third Quarter 2021 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, will hold a conference call to discuss third quarter 2021 results on Tuesday, O...

1 year ago - Business Wire

Independent Bank Group, Inc. Announces Appointment of Paul B. Langdale as EVP, Corporate Development & Strategy

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the parent company of Independent Financial, today announced the promotion of Paul B. Langdale to Executive Vice Presiden...

1 year ago - Business Wire

Independent Bank Group, Inc. Announces Appointment of Michael B. Hobbs as President and Chief Operating Officer

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) (“Independent Bank Group” or the “Company”), the parent company of Independent Bank (the “Bank”), today announced changes ...

1 year ago - Business Wire

Independent Bank Group, Inc. Reports Second Quarter Financial Results and Increases Quarterly Dividend

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, today announced net income of $58.2 million, or $1.35 per diluted share, for th...

2 years ago - Business Wire

Independent Bank Group, Inc. Announces Date for Second Quarter 2021 Earnings Call

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, will hold a conference call to discuss second quarter 2021 results on Tuesday, ...

2 years ago - Business Wire