Independent Bank Group, Inc. (IBTX)

Independent Bank Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	868	792.66	602.21	547.93	579.09	611.59
Interest Income on Investments	80.53	79.08	52.81	35.63	32.42	41.34
Total Interest Income	948.53	871.74	655.02	583.56	611.51	652.93
Interest Paid on Deposits	490.23	358.41	77.63	44.2	76.27	123.38
Interest Paid on Borrowings	36.97	56.45	19.18	19.04	18.79	24.79
Total Interest Expense	527.21	414.85	96.81	63.24	95.06	148.18
Net Interest Income	421.32	456.88	558.21	520.32	516.45	504.76
Net Interest Income Growth (YoY)	-14.43%	-18.15%	7.28%	0.75%	2.32%	54.71%
Trust Income	10.66	9.65	9.15	8.59	7.55	9.33
Mortgage Banking Activities	8.5	8.9	11.61	30.07	42.58	18.75
Gain (Loss) on Sale of Assets	-0.04	0.32	-0.49	-0.3	0.37	2.28
Gain (Loss) on Sale of Investments	-	-	-	0.01	0.38	0.28
Other Non-Interest Income	18.64	20.09	20.84	18.2	24.56	27.74
Total Non-Interest Income	50.38	51.11	51.47	66.52	85.06	78.18
Non-Interest Income Growth (YoY)	-2.60%	-0.69%	-22.63%	-21.80%	8.81%	85.15%
Revenues Before Loan Losses	471.7	507.99	609.67	586.84	601.51	582.93
Provision for Loan Losses	4.98	4.13	4.49	-9	42.99	14.81
Revenue	466.72	503.86	605.18	595.84	558.52	568.13
Revenue Growth (YoY)	-13.67%	-16.74%	1.57%	6.68%	-1.69%	58.42%
Salaries and Employee Benefits	181.66	173.95	198.39	169.65	149.09	154.88
Federal Deposit Insurance	25.14	22.15	6.88	5.87	6.91	1.07
Amortization of Goodwill & Intangibles	12.03	12.44	12.49	12.58	12.67	12.88
Selling, General & Administrative	97.37	94.19	99.25	90.36	85.82	78.17
Other Non-Interest Expense	39.91	41.6	41.85	35.15	34.15	39.21
Total Non-Interest Expense	359.61	349.04	358.89	313.61	289.91	288.42
EBT Excluding Unusual Items	107.11	154.82	246.3	282.23	268.61	279.71
Legal Settlements	-	-102.5	-	-	-	-
Pretax Income	-413.69	52.32	246.3	282.23	252.38	246.26
Income Tax Expense	20.32	9.12	50	57.48	51.17	53.53
Net Income	-434.01	43.2	196.29	224.75	201.21	192.74
Preferred Dividends & Other Adjustments	-1.85	0.1	1.53	2.11	1.69	1.25
Net Income to Common	-432.16	43.1	194.76	222.64	199.52	191.48
Net Income Growth	-	-77.99%	-12.66%	11.70%	4.40%	50.27%
Basic Shares Outstanding	41	41	41	43	43	43
Diluted Shares Outstanding	41	41	41	43	43	43
Shares Change (YoY)	0.05%	-0.48%	-2.94%	-0.07%	-0.49%	46.43%
EPS (Basic)	-10.49	1.05	4.71	5.22	4.67	4.46
EPS (Diluted)	-10.50	1.04	4.70	5.21	4.67	4.46
EPS Growth	-	-77.87%	-9.79%	11.64%	4.71%	2.93%
Dividend Per Share	1.520	1.520	1.520	1.320	1.050	1.000
Dividend Growth	0%	0%	15.15%	25.71%	5.00%	85.19%
Effective Tax Rate	-	17.43%	20.30%	20.37%	20.28%	21.74%

Source: S&P Capital IQ. Banks template. Financial Sources.