IBTX - Independent Bank Group Inc Stock Price, Fair Value and News

42.26USD+1.53 (+3.76%)Market Closed

Market Summary

USD42.26+1.53

Market Closed

3.76%

IBTX Alerts

Big jump in Earnings (Y/Y)

IBTX Stock Price

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IBTX RSI Chart

IBTX Valuation

Market Cap

1.7B

Price/Earnings (Trailing)

16.68

Price/Sales (Trailing)

1.93

EV/EBITDA

1.75

Price/Free Cashflow

11.16

IBTX Price/Sales (Trailing)

IBTX Profitability

EBT Margin

14.54%

Return on Equity

4.37%

Return on Assets

0.56%

Free Cashflow Yield

8.96%

IBTX Fundamentals

IBTX Revenue

Revenue (TTM)

905.8M

Rev. Growth (Yr)

16.92%

Rev. Growth (Qtr)

1.15%

IBTX Earnings

Earnings (TTM)

104.9M

Earnings Growth (Yr)

164.38%

Earnings Growth (Qtr)

62.53%

Breaking Down IBTX Revenue

Last 7 days

12.2%

Last 30 days

-0.7%

Last 90 days

-5.3%

Trailing 12 Months

37.7%

How does IBTX drawdown profile look like?

IBTX Financial Health

IBTX Investor Care

Dividend Yield

3.6%

Dividend/Share (TTM)

1.52

Shares Dilution (1Y)

0.24%

Diluted EPS (TTM)

2.53

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	905.8M	0	0	0
2023	715.3M	779.9M	829.0M	871.7M
2022	576.7M	581.5M	611.2M	655.0M
2021	602.9M	597.4M	589.7M	583.6M
2020	653.8M	637.3M	623.8M	611.5M
2019	474.8M	545.3M	601.4M	652.9M
2018	340.1M	357.3M	381.9M	407.3M
2017	214.5M	242.5M	274.4M	307.9M
2016	184.8M	193.9M	203.6M	210.0M
2015	155.7M	163.4M	169.6M	174.0M
2014	91.0M	104.9M	120.0M	140.1M
2013	77.8M	81.2M	84.6M	87.2M
2012	62.7M	65.8M	68.8M	71.9M
2011	0	0	0	59.6M
2010	0	0	0	51.7M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Independent Bank Group Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Feb 26, 2024	hobbs michael b	sold (taxes)	-13,979	44.24	-316	evp, president and coo
Feb 26, 2024	brooks daniel w	sold (taxes)	-12,608	44.24	-285	vice chairman
Feb 26, 2024	montgomery brenda k	sold (taxes)	-2,079	44.24	-47.00	evp, chief accounting officer
Feb 26, 2024	langdale paul b	sold (taxes)	-3,583	44.24	-81.00	evp, chief financial officer
Feb 26, 2024	brooks david r	sold (taxes)	-25,570	44.24	-578	chairman and ceo
Feb 26, 2024	turpen john g	sold (taxes)	-3,494	44.24	-79.00	evp, chief risk officer
Feb 26, 2024	tippit james p	sold (taxes)	-5,485	44.24	-124	evp, corporate responsibility
Feb 23, 2024	brooks daniel w	sold (taxes)	-19,261	44.69	-431	vice chairman
Feb 23, 2024	turpen john g	sold (taxes)	-15,284	44.69	-342	evp, chief risk officer
Feb 23, 2024	brooks david r	sold (taxes)	-53,806	44.69	-1,204	chairman and ceo

Which funds bought or sold IBTX recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	SEI INVESTMENTS CO	reduced	-6.72	-560,961	2,877,870	-%
May 07, 2024	Swiss National Bank	unchanged	-	-382,951	3,342,580	-%
May 07, 2024	Inspire Investing, LLC	reduced	-8.67	-78,348	355,571	0.04%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	unchanged	-	-76,000	663,000	-%
May 07, 2024	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-51.29	-806,089	625,725	-%
May 07, 2024	TECTONIC ADVISORS LLC	added	31.95	160,936	1,036,340	0.08%
May 07, 2024	Arizona State Retirement System	reduced	-1.7	-62,409	466,132	-%
May 07, 2024	Inspire Advisors, LLC	sold off	-100	-213,197	-	-%
May 07, 2024	Headlands Technologies LLC	new	-	30,357	30,357	0.01%
May 07, 2024	Illinois Municipal Retirement Fund	reduced	-0.7	-111,000	907,000	0.01%

Are Funds Buying or Selling IBTX?

Are funds buying IBTX calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own IBTX

No. of Funds

IBTX Alerts

Big jump in Earnings (Y/Y)

Unveiling Independent Bank Group Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	10.13%	4,180,301	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.1%	2,114,471	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Feb 09, 2024	capital research global investors	0.0%	0	SC 13G/A
Jan 23, 2024	blackrock inc.	14.5%	5,980,631	SC 13G/A
Feb 13, 2023	viola vincent j	-	0	SC 13G/A
Feb 13, 2023	capital research global investors	5.9%	2,446,602	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.3%	2,575,467	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G
Feb 09, 2023	vanguard group inc	10.17%	4,190,123	SC 13G/A

Recent SEC filings of Independent Bank Group Inc

View All Filings

Date Filed	Form Type	Document
Apr 26, 2024	ARS	ARS
Apr 26, 2024	DEF 14A	DEF 14A
Apr 23, 2024	10-Q	Quarterly Report
Apr 23, 2024	8-K	Current Report
Feb 26, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading

Peers (Alternatives to Independent Bank Group Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	561.8B	174.7B	-1.43%	43.42%	11.16	3.22	53.11%	19.83%
BAC	294.9B	127.4B	0.56%	36.33%	11.78	2.14	56.12%	-12.56%
WFC	213.5B	85.8B	5.95%	58.87%	11.37	2.49	35.02%	26.14%
C	119.7B	125.0B	1.65%	34.89%	14.97	0.96	37.85%	-
CFG	16.4B	10.4B	2.86%	37.97%	11.43	1.57	26.22%	-33.87%
KEY	14.2B	8.1B	-2.78%	54.53%	16.2	1.74	32.15%	-50.93%
MID-CAP
CMA	7.1B	4.2B	-0.20%	48.47%	10.28	1.68	34.68%	-45.96%
ZION	6.5B	4.1B	2.65%	80.71%	10.36	1.6	32.93%	-30.73%
ABCB	3.4B	1.3B	4.29%	69.14%	12.73	2.68	43.24%	-22.35%
ASB	3.4B	1.8B	4.48%	49.83%	21	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	400.5M	152.4M	-4.27%	48.11%	40.28	2.63	16.94%	-73.84%
AROW	395.9M	162.6M	1.49%	18.80%	13.17	2.44	25.39%	-38.37%
ACNB	275.0M	96.6M	-9.35%	14.97%	8.68	2.85	11.02%	-11.37%
ASRV	42.7M	60.9M	6.93%	-11.15%	-12.76	0.7	24.06%	-144.92%

Independent Bank Group Inc News

Latest updates

Independent Bank Group Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.2%	235	233	223	215	201	190	174	151	141	146	144	146	148	152	152	151	156	164	165	168	156
EBITDA Margin	6.2%	0.64*	0.61*	0.72*	0.84*	0.99*	1.25*	1.35*	1.38*	1.39*	1.40*	1.39*	1.40*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.1%	103	106	109	114	128	142	147	138	131	133	129	129	130	133	132	128	123	128	125	130	122
Income Taxes	87.5%	6.00	3.00	8.00	9.00	-11.28	11.00	13.00	14.00	12.00	14.00	13.00	15.00	16.00	15.00	16.00	9.00	11.00	14.00	15.00	13.00	11.00
Earnings Before Taxes	67.2%	31.00	18.00	41.00	42.00	-48.79	51.00	66.00	66.00	63.00	68.00	65.00	74.00	76.00	74.00	76.00	48.00	55.00	64.00	71.00	63.00	48.00
EBT Margin	142.3%	0.15*	0.06*	0.10*	0.14*	0.19*	0.38*	0.43*	0.45*	0.47*	0.48*	0.49*	0.50*	-	-	-	-	-	-	-	-	-
Net Income	62.5%	24.00	15.00	33.00	33.00	-37.51	41.00	52.00	52.00	51.00	54.00	52.00	58.00	60.00	58.00	60.00	39.00	44.00	50.00	56.00	50.00	37.00
Net Income Margin	133.6%	0.12*	0.05*	0.08*	0.11*	0.15*	0.30*	0.34*	0.36*	0.37*	0.39*	0.39*	0.40*	-	-	-	-	-	-	-	-	-
Free Cashflow	-6.7%	37.00	40.00	18.00	62.00	25.00	52.00	58.00	42.00	2.00	19.00	50.00	63.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.9%	18,871	19,035	18,520	18,720	18,798	18,258	17,944	18,107	17,963	18,733	18,918	18,448	18,115	17,753	17,117	16,986	15,574	14,958	14,959	14,709	14,145
Cash Equivalents	1.1%	730	722	712	903	1,049	654	516	776	1,604	2,608	3,060	2,795	2,417	1,814	1,454	1,606	949	565	570	579	432
Net PPE	-1.0%	352	356	356	355	355	355	343	338	324	308	263	253	250	249	243	243	246	243	241	245	243
Goodwill	0%	994	994	994	994	994	994	994	994	994	994	994	994	994	994	994	994	994	994	994	994	992
Liabilities	-1.0%	16,471	16,633	16,188	16,367	16,447	15,873	15,590	15,743	15,441	16,156	16,352	15,905	15,622	15,238	14,641	14,561	13,188	12,618	12,660	12,460	11,911
Shareholder's Equity	-0.1%	2,401	2,403	2,332	2,353	2,351	2,385	2,354	2,364	2,522	2,577	2,567	2,543	2,493	2,515	2,476	2,425	2,386	2,340	2,299	2,249	2,234
Retained Earnings	1.2%	624	617	618	601	584	638	614	578	657	625	601	580	535	544	504	455	427	394	354	309	310
Additional Paid-In Capital	0.1%	1,969	1,967	1,965	1,964	1,962	1,959	1,955	1,951	1,948	1,945	1,943	1,940	1,938	1,935	1,933	1,931	1,928	1,926	1,924	1,922	1,921
Shares Outstanding	0.2%	41.00	41.00	41.00	41.00	41.00	41.00	41.00	41.00	43.00	43.00	43.00	43.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,288	-	-	-	2,421	-	-	-	2,770	-	-	-	1,494	-	-	-	1,945	-

Cashflow (Last 12 Months)

(In Thousands)

Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-14.4%	38,296	44,717	23,300	69,001	28,251	68,606	68,001	59,313	21,314	67,721	62,842	68,982	77,888	68,186	51,177	-5,493	40,425	34,430	60,993	40,290	37,606
Share Based Compensation	-35.3%	2,606	4,031	-1,689	599	2,445	6,673	1,169	867	2,412	4,773	336	318	3,206	2,117	1,970	2,481	1,882	1,974	1,910	1,752	2,172
Cashflow From Investing	134.2%	162,847	-475,698	-32,080	-59,319	-120,991	-174,617	-165,335	-1,059,836	-288,839	-320,679	-177,705	65,347	138,573	-297,162	-254,999	-706,508	-212,719	-1,573	-259,588	-387,803	-25,024
Cashflow From Financing	-143.8%	-193,134	441,261	-182,393	-155,390	487,008	244,174	-162,638	172,398	-736,663	-198,424	379,989	243,501	386,422	589,230	51,644	1,369,005	556,031	-37,788	189,249	495,161	288,438
Buy Backs	856.8%	1,129	118	418	22.00	1,617	581	1,054	115,322	2,789	14,211	16,256	176	1,489	5,660	13.00	1.00	145	8.00	41.00	39,103	12,507

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IBTX Income Statement

2024-03-31

Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Interest and fees on loans	$ 215,511	$ 184,294
Interest on taxable securities	7,645	7,858
Interest on nontaxable securities	2,518	2,603
Interest on interest-bearing deposits and other	9,531	6,421
Total interest income	235,205	201,176
Interest expense:
Interest on deposits	122,510	62,261
Interest on FHLB advances	2,855	5,824
Interest on other borrowings	5,582	4,079
Interest on junior subordinated debentures	1,227	1,090
Total interest expense	132,174	73,254
Net interest income	103,031	127,922
Provision for credit losses	(3,200)	90
Net interest income after provision for credit losses	106,231	127,832
Noninterest income:
Service charges on deposit accounts	3,600	3,349
Investment management fees	2,644	2,301
Mortgage banking revenue	1,635	1,624
Mortgage warehouse purchase program fees	540	324
Gain on sale of loans	74	0
Gain on sale of other real estate	13	0
Gain on sale and disposal of premises and equipment	0	47
Increase in cash surrender value of BOLI	1,555	1,377
Other	2,809	3,732
Total noninterest income	12,870	12,754
Noninterest expense:
Salaries and employee benefits	47,333	46,275
Occupancy	12,549	11,559
Communications and technology	7,685	7,090
FDIC assessment	6,142	2,712
Advertising and public relations	415	604
Other real estate owned expenses (income), net	65	(44)
Impairment of other real estate	345	1,200
Amortization of other intangible assets	3,075	3,111
Litigation settlement	0	102,500
Professional fees	1,809	3,065
Other	9,055	11,308
Total noninterest expense	88,473	189,380
Income (loss) before taxes	30,628	(48,794)
Income tax expense (benefit)	6,478	(11,284)
Net income (loss)	$ 24,150	$ (37,510)
Basic earnings per share (usd per share)	$ 0.58	$ (0.91)
Diluted earnings per share (usd per share)	$ 0.58	$ (0.91)

IBTX Balance Sheet

2024-03-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 80,599	$ 98,396
Interest-bearing deposits in other banks	649,399	623,593
Cash and cash equivalents	729,998	721,989
Certificates of deposit held in other banks	248	248
Securities available for sale, at fair value	1,543,247	1,593,751
Securities held to maturity, net of allowance for credit losses of $0 and $0, respectively, fair value of $166,736 and $170,997, respectively	204,776	205,232
Loans held for sale (includes $12,372 and $12,016 carried at fair value, respectively)	21,299	16,420
Loans, net of allowance for credit losses of $148,437 and $151,861, respectively	14,465,456	14,558,681
Premises and equipment, net	352,325	355,833
Other real estate owned	8,685	9,490
Federal Home Loan Bank (FHLB) of Dallas stock and other restricted stock	11,493	34,915
Bank-owned life insurance (BOLI)	247,052	245,497
Deferred tax asset	95,063	92,665
Goodwill	994,021	994,021
Other intangible assets, net	47,485	50,560
Other assets	150,304	155,800
Total assets	18,871,452	19,035,102
Deposits:
Noninterest-bearing	3,300,773	3,530,704
Interest-bearing	12,370,942	12,192,331
Total deposits	15,671,715	15,723,035
FHLB advances	0	350,000
Other borrowings	496,975	271,821
Junior subordinated debentures	54,667	54,617
Other liabilities	247,288	233,036
Total liabilities	16,470,645	16,632,509
Commitments and contingencies	0	0
Stockholders’ equity:
Preferred stock (0 and 0 shares outstanding, respectively)	0	0
Common stock (41,377,745 and 41,281,919 shares outstanding, respectively)	414	413
Additional paid-in capital	1,969,291	1,966,686
Retained earnings	624,017	616,724
Accumulated other comprehensive loss	(192,915)	(181,230)
Total stockholders’ equity	2,400,807	2,402,593
Total liabilities and stockholders’ equity	$ 18,871,452	$ 19,035,102

About Independent Bank Group Inc

Independent Bank Group, Inc., 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, equipment lease financing, 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 cards, online and mobile banking, estatement, bank-by-mail, and direct deposit services; and business accounts and management services consisting of analyzed business checking, business savings, and treasury management services. Independent Bank Group, Inc. was incorporated in 2002 and is headquartered in McKinney, Texas.

CEO	Mr. David R. Brooks
WEBSITE	independent-bank.com
INDUSTRY	Banks Diversified
EMPLOYEES	1547

Independent Bank Group Inc Frequently Asked Questions

What is the ticker symbol for Independent Bank Group Inc? What does IBTX stand for in stocks?

IBTX is the stock ticker symbol of Independent Bank Group Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Independent Bank Group Inc (IBTX)?

As of Wed May 08 2024, market cap of Independent Bank Group Inc is 1.75 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of IBTX stock?

You can check IBTX's fair value in chart for subscribers.

What is the fair value of IBTX stock?

You can check IBTX's fair value in chart for subscribers. The fair value of Independent Bank Group Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Independent Bank Group Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for IBTX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Independent Bank Group Inc a good stock to buy?

The fair value guage provides a quick view whether IBTX is over valued or under valued. Whether Independent Bank Group Inc is cheap or expensive depends on the assumptions which impact Independent Bank Group Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for IBTX.

What is Independent Bank Group Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 08 2024, IBTX's PE ratio (Price to Earnings) is 16.68 and Price to Sales (PS) ratio is 1.93. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. IBTX PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Independent Bank Group Inc's stock?

In the past 10 years, Independent Bank Group Inc has provided -0.002 (multiply by 100 for percentage) rate of return.