Last $44.42 USD
Change Today +0.26 / 0.59%
Volume 12.5K
IBTX On Other Exchanges
Symbol
Exchange
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As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

independent bank group inc (IBTX) Snapshot

Open
$44.40
Previous Close
$44.16
Day High
$44.63
Day Low
$42.72
52 Week High
04/2/14 - $61.49
52 Week Low
10/29/14 - $41.75
Market Cap
755.9M
Average Volume 10 Days
48.5K
EPS TTM
$1.77
Shares Outstanding
17.0M
EX-Date
11/12/14
P/E TM
25.1x
Dividend
$0.24
Dividend Yield
0.54%
Current Stock Chart for INDEPENDENT BANK GROUP INC (IBTX)

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independent bank group inc (IBTX) Details

Independent Bank Group, Inc. operates as a bank holding company for Independent Bank that provides commercial banking products and services for businesses, professionals, and individuals in the United States. It offers various deposit products, including checking and savings accounts, demand accounts, money market accounts, and certificates of deposits, as well as individual retirement accounts. 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 comprising SBA guaranteed loans, business term loans, equipment financing, and lines of credit; agricultural loans; and consumer loans, such as installment loans that includes loans to purchase cars, boats, and other recreational vehicles, as well as originates mortgages for investment banks and other financial institutions. In addition, it offers debit cards, direct deposit services, treasury management services, and online and mobile banking services, as well as estatements and bank-by-mail services. The company provides its products and services through operating approximately 30 banking offices in 26 communities located in the Dallas-Fort Worth metropolitan area and in the greater Austin area. Independent Bank Group, Inc. is headquartered in McKinney, Texas.

340 Employees
Last Reported Date: 03/27/14

independent bank group inc (IBTX) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.1M
President, Chief Operating Officer, Director ...
Total Annual Compensation: $705.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $301.4K
Vice Chairman, Chief Risk Officer and Directo...
Total Annual Compensation: $475.4K
Vice Chairman and Chief Lending Officer
Total Annual Compensation: $440.4K
Compensation as of Fiscal Year 2013.

independent bank group inc (IBTX) Key Developments

Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on November 26, 2014

Independent Bank Group, Inc. announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.06 per share of common stock. The dividend will be payable on November 26, 2014 to stockholders of record as of the close of business on November 14, 2014.

Independent Bank Group, Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014

Independent Bank Group, Inc. Presents at Sandler O'Neill + Partners, L.P. 2014 East Coast Financial Services Conference, Nov-13-2014 . Venue: Naples, Florida, United States.

Independent Bank Group, Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Independent Bank Group, Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net interest income was $32.4 million compared to $31.4 million for second quarter 2014 and $18.9 million for third quarter 2013. The increase in net interest income from the linked quarter was primarily due to increased average loan balances. The increase from the previous year is due to organic loan growth as well as the Collin Bank, Live Oak Financial Corp. and BOH Holdings acquisitions. The increase in interest income was partially offset by interest expense on the $65 million in subordinated debt that was issued in July 2014. Book value and tangible book value per common share were $29.10 and $15.78, respectively, at September 30, 2014 compared to $28.54 and $15.22, respectively, at June 30, 2014 and $18.09 and $15.49, respectively, at September 30, 2013. Return on tangible equity (on an annualized basis) increased to 14.32% from 8.27% and 8.49% for the second quarter 2014 and third quarter 2013, respectively. The increase compared to the linked quarter is primarily due to the lack of nonrecurring compensation expense incurred in the second quarter of 2014 related to the BOH Holdings acquisition. Return on average assets and return on average equity (on an annualized basis) were 0.95% and 7.60%, respectively, compared to 0.60% and 4.64%, respectively, for second quarter 2014 and 0.81% and 7.30%, respectively, for third quarter 2013. Net income available to common shareholders was $8.9 million, or $0.54 per diluted share compared to $5.1 million, or $0.32 per diluted share, for the quarter ended June 30, 2014 and $4.0 million, or $0.33 per diluted share, for the quarter ended September 30, 2013. Income before taxes was $13,503,000 compared to $5,886,000 a year ago. Adjusted return on average assets was 1.65% against 1.56% for the same period a year ago. Adjusted return on average equity was 13.18% against 14.05% for the same period a year ago. For the nine months, the company reported net interest income of $85.970 million against $54.980 million for the same period a year ago. Income before taxes was $28,444,000 compared to $17,693,000 a year ago. Net income was $18.880 million against $15.521 million for the same period a year ago.

 

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Industry Analysis

IBTX

Industry Average

Valuation IBTX Industry Range
Price/Earnings 27.5x
Price/Sales 6.2x
Price/Book 1.5x
Price/Cash Flow 32.4x
TEV/Sales 0.5x
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