Last $36.60 USD
Change Today -0.14 / -0.38%
Volume 25.1K
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As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

independent bank group inc (IBTX) Key Developments

Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on February 26, 2015

Independent Bank Group, Inc. announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.08 per share of common stock. Previously, the quarterly dividend had been $0.06 per share. The dividend will be payable on February 26, 2015 to stockholders of record as of the close of business on February 17, 2015.

Independent Bank Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Independent Bank Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s net interest income was $38,175,000 against $19,953,000 a year ago. Net interest income after provision for loan losses was $36,424,000 against $19,070,000 a year ago. Income before taxes was $15,454,000 against $6,768,000 a year ago. Net income was $10,098,000 against $4,279,000 a year ago. Adjusted net interest income was $37,187,000 or $0.59 basic and diluted per share against $19,886,000 or $0.35 basic and diluted per share a year ago. Pre-tax pre-provision earnings were $17,205,000 against $7,651,000 a year ago. Core pre-tax pre-provision earnings were $18,003,000 against $8,141,000 a year ago. Core earnings were $10,889,000 or $0.64 basic and diluted per share against $4,870,000 or $0.40 basic and diluted per share a year ago. Adjusted return on average assets was 1.74% against 1.58% a year ago. Adjusted return on average equity was $13.71% against 14.48% a year ago. Return on average assets was 0.97% against 0.83% a year ago. Return on average equity was 7.65% against 7.61% a year ago. Return on tangible equity was 14.08% against 9.00% a year ago. For the year, the company’s net interest income was $124,145,000 against $74,933,000 a year ago. Net interest income after provision for loan losses was $118,786,000 against $71,111,000 a year ago. Income before taxes was $43,898,000 against $24,461,000 a year ago. Net income was $28,978,000 or $1.85 diluted per share against $19,800,000 or $1.77 diluted per share a year ago. Book value per common share was $30.35 against $18.96 a year ago. Tangible book value per common share was 16.15 against $15.89 a year ago.

IBTX Seeks Acquisitions

Independent Bank Group, Inc. (NasdaqGS:IBTX) is seeking acquisitions. David R. Brooks, Chief Executive Officer of IBTX said, ""As we continue to execute our growth strategy, both organically and through strategic acquisitions."

Independent Bank Group, Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015

Independent Bank Group, Inc. Presents at Sterne Agee Financial Institutions Investor Conference 2015, Feb-11-2015 . Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, FL 33432, United States.

Independent Bank Group, Inc. to Report Q4, 2014 Results on Feb 03, 2015

Independent Bank Group, Inc. announced that they will report Q4, 2014 results at 8:30 AM, US Eastern Standard Time on Feb 03, 2015

 

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Industry Analysis

IBTX

Industry Average

Valuation IBTX Industry Range
Price/Earnings 19.8x
Price/Sales 4.7x
Price/Book 1.2x
Price/Cash Flow 21.7x
TEV/Sales NM Not Meaningful
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