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Independent Bank Group Q1 2023 Earnings Report

Independent Bank Group logo
$60.28 +0.94 (+1.58%)
(As of 12/20/2024 05:16 PM ET)

Independent Bank Group EPS Results

Actual EPS
$1.07
Consensus EPS
$1.10
Beat/Miss
Missed by -$0.03
One Year Ago EPS
$1.22

Independent Bank Group Revenue Results

Actual Revenue
$213.93 million
Expected Revenue
$149.58 million
Beat/Miss
Beat by +$64.35 million
YoY Revenue Growth
N/A

Independent Bank Group Announcement Details

Quarter
Q1 2023
Time
After Market Closes

Conference Call Resources

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Independent Bank Group Earnings Headlines

$2B buyout of Independent Bank OK'd by regulators
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Independent Bank price target lowered to $63 from $66 at Truist
Independent Bank reports Q3 EPS 50c, consensus 68c
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About Independent Bank Group

Independent Bank Group (NASDAQ:IBTX), through its subsidiary, Independent Bank 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 loans; commercial loans, such as SBA guaranteed loans, business term loans, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit and credit cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; wealth management services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. The company was incorporated in 2002 and is headquartered in McKinney, Texas.

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