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Last $44.48 USD
Change Today -0.02 / -0.04%
Volume 45.9K
IBTX On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

independent bank group inc (IBTX) Snapshot

Open
$44.48
Previous Close
$44.50
Day High
$45.39
Day Low
$42.40
52 Week High
09/4/14 - $51.61
52 Week Low
01/20/15 - $29.73
Market Cap
761.0M
Average Volume 10 Days
38.3K
EPS TTM
$2.38
Shares Outstanding
17.1M
EX-Date
08/6/15
P/E TM
18.7x
Dividend
$0.32
Dividend Yield
0.63%
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 deposit, 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 and energy related loans; agricultural loans to farmers and ranchers; and consumer loans, such as installment loans, such as loans to purchase cars, boats, and other recreational vehicles, as well as originates residential mortgages. In addition, it offers debit cards, online and mobile banking, and treasury management services, as well as eStatements, bank-by-mail, and direct deposit services. The company operates 39 banking offices located in the Dallas-Fort Worth metropolitan area, the Austin/Central Texas area, and the Houston metropolitan area. Independent Bank Group, Inc. is headquartered in McKinney, Texas.

511 Employees
Last Reported Date: 02/27/15

independent bank group inc (IBTX) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $985.0K
President, Chief Operating Officer, Director ...
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $340.0K
Vice Chairman, Houston Region Chief Executive...
Total Annual Compensation: $453.3K
Vice Chairman and Chief Risk Officer
Total Annual Compensation: $510.0K
Compensation as of Fiscal Year 2014.

independent bank group inc (IBTX) Key Developments

Independent Bank Group, Inc. Declares Quarterly Cash Dividend, Payable on August 20, 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. The dividend will be payable on August 20, 2015 to stockholders of record as of the close of business on August 10, 2015.

IBTX Eyes Acquisitions

Independent Bank Group, Inc. (NasdaqGS:IBTX) is looking for acquisition opportunities. David Brooks, Chairman and Chief Executive Officer of IBTX, said, In addition to the Grand acquisition, I remain very involved in Mergers and Acquisitions conversations and we intend to build out our footprint as opportunities arise. We will continue to remain disciplined in our approach to acquisitions with respect to both strategic fit and valuation metrics.

Independent Bank Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Independent Bank Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of USD 42.747 million compared to USD 35.078 million a year ago. Net interest income was USD 37.780 million compared to USD 31.404 million a year ago. Income before taxes was USD 15.775 million compared to USD 7.801 million a year ago. Net income was USD 10.571 million compared to USD 5.119 million a year ago. Core earnings were USD 10.5 million, or USD 0.61 per diluted share, for the quarter ended June 30, 2015 compared to USD 9.0 million, or USD 0.57 per diluted share, for the quarter ended June 30, 2014 and to USD 10.2 million, or USD 0.60 per diluted share, for the quarter ended March 31, 2015. Return on tangible equity (on an annualized basis) was 14.48% for the second quarter 2015 compared to 8.27% and 13.64% for the second quarter 2014 and first quarter 2015, respectively. These returns are impacted by stock issued in the acquisitions. Return on average assets and return on average equity (on an annualized basis) were 0.99% and 7.91%, respectively, for second quarter 2015 compared to 0.60% and 4.68%, respectively, for second quarter 2014 and 0.92% and 7.31%, respectively, for first quarter 2015. The lower ratios for second quarter 2014 are due to increased acquisition costs for the BOH Holdings transaction completed that quarter. For the six months, the company reported total interest income of USD 83.483 million compared to USD 60.240 million a year ago. Net interest income was USD 73.858 million compared to USD 53.539 million a year ago. Income before taxes was USD 29.763 million compared to USD 14.941 million a year ago. Net income was USD 20.023 million compared to USD 9.920 million a year ago. The tangible common equity to tangible assets and the Tier 1 capital to average assets ratios were 7.11% and 8.40% (estimated), respectively, at June 30, 2015 compared to 7.10% and 7.78%, respectively, at March 31, 2015 and 7.25% and 9.07%, respectively, at June 30, 2014. Book value and tangible book value per common share were USD 31.30 and USD 17.18, respectively, at June 30, 2015 compared to USD 30.77 and USD 16.65, respectively, at March 31, 2015 and USD 28.54 and USD 15.22, respectively, at June 30, 2014.

 

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Industry Analysis

IBTX

Industry Average

Valuation IBTX Industry Range
Price/Earnings 18.5x
Price/Sales 4.9x
Price/Book 1.4x
Price/Cash Flow 19.5x
TEV/Sales 0.2x
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