Independent Bank Group Q2 2023 Earnings Report

Independent Bank Group EPS Results

• Actual EPS: $0.82
• Consensus EPS: $0.90
• Beat/Miss: Missed by -$0.08
• One Year Ago EPS: $1.27

Independent Bank Group Revenue Results

• Actual Revenue: $127.70 million
• Expected Revenue: $139.17 million
• Beat/Miss: Missed by -$11.47 million
• YoY Revenue Growth: -22.40%

Independent Bank Group Announcement Details

• Quarter: Q2 2023
• Date: 7/25/2023
• Time: After Market Closes

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.