Independent Bank Group, Inc. (IBTX) [Rocket]

Overview

Independent Bank Group, Inc. (IBTX)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/03/2023	4	Langdale Paul B (EVP, CFO) has filed a Form 4 on Independent Bank Group, Inc.
10/03/2023	4	Montgomery Brenda K (EVP, Chief Accounting Officer) has filed a Form 4 on Independent Bank Group, Inc.
08/22/2023	8-K	Regulation FD Disclosure, Financial Statements and Exhibits  Interactive Data
07/28/2023	4	Turpen John G (EVP, Chief Risk Officer) has filed a Form 4 on Independent Bank Group, Inc.
07/25/2023	10-Q	Quarterly Report for the period ended June 30, 2023
07/07/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
07/07/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
Revenues	595.8	558.5	568.1	358.6	298.5	193.9	177.2	132.4
Revenue growth	6.7%	-1.7%	58.4%	20.1%	53.9%	9.4%	33.8%	61.2%
Cost of goods sold	221.0	196.8	200.3	136.5	117.8	82.9	76.6	65.6
Gross profit	374.8	361.8	367.8	222.1	180.7	111.1	100.6	66.8
Gross margin	62.9%	64.8%	64.7%	61.9%	60.5%	57.3%	56.8%	50.5%
Selling, general and administrative
Sales and marketing	1.1	2.4	2.5	1.9	1.5	1.1	1.0	0.8
General and administrative	37.9	35.7	30.2	18.7	16.0	10.1	8.8	2.6
EBITA	290.0	277.6	285.1	168.2	138.1	106.7	79.9	48.4
EBITA margin	48.7%	49.7%	50.2%	46.9%	46.3%	55.0%	45.1%	36.5%
Amortization of intangibles	12.6	12.7	12.9	5.7	4.6	2.0	1.6	1.3
EBIT	277.4	265.0	272.3	162.5	133.4	104.7	78.4	47.1
EBIT margin	46.6%	47.4%	47.9%	45.3%	44.7%	54.0%	44.2%	35.6%
Pre-tax income	282.2	252.4	246.3	160.0	121.7	80.1	57.8	43.9
Income taxes	57.5	51.2	53.5	31.7	45.2	26.6	19.0	14.9
Tax rate	20.4%	20.3%	21.7%	19.8%	37.1%	33.2%	32.9%	34.0%
Net income	224.8	201.2	192.7	128.3	76.5	53.5	38.8	29.0
Net margin	37.7%	36.0%	33.9%	35.8%	25.6%	27.6%	21.9%	21.9%

Diluted EPS	$5.26	$4.71	$4.49	$4.37	$3.00	$2.93	$2.27	$1.89
Shares outstanding (diluted)	42.7	42.8	43.0	29.3	25.5	18.3	17.1	15.3

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.