10-Q - Independent Bank Group, Inc. (0001564618) (Filer)

8-K - Independent Bank Group, Inc. (0001564618) (Filer)

8-K - Independent Bank Group, Inc. (0001564618) (Filer)

10-Q - Independent Bank Group, Inc. (0001564618) (Filer)

8-K - Independent Bank Group, Inc. (0001564618) (Filer)

424B5 - Independent Bank Group, Inc. (0001564618) (Filer)

FWP - Independent Bank Group, Inc. (0001564618) (Subject)

425 - Independent Bank Group, Inc. (0001564618) (Subject)

FWP - Independent Bank Group, Inc. (0001564618) (Subject)

424B5 - Independent Bank Group, Inc. (0001564618) (Filer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

4 - Independent Bank Group, Inc. (0001564618) (Issuer)

Piper Sandler upgraded Independent Bank Group from Underweight to Overweight and set a new price target of $58.00 from $38.00 previously

Hovde Group reiterated coverage of Independent Bank Group with a rating of Market Perform and set a new price target of $46.00 from $53.00 previously

Piper Sandler downgraded Independent Bank Group from Neutral to Underweight and set a new price target of $38.00 from $48.00 previously

Raymond James upgraded Independent Bank Group from Mkt Perform to Outperform and set a new price target of $56.00

Piper Sandler downgraded Independent Bank Group from Overweight to Neutral and set a new price target of $44.00 from $40.00 previously

Hovde Group downgraded Independent Bank Group from Outperform to Market Perform and set a new price target of $70.00 from $82.50 previously

Janney initiated coverage of Independent Bank Group with a rating of Neutral

Truist Securities reiterated coverage of Independent Bank Gr with a rating of Buy and set a new price target of $85.00 from $80.00 previously

Truist Securities reiterated coverage of Independent Bank Gr with a rating of Buy and set a new price target of $87.00 from $75.00 previously

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $20.4 million, or $0.49 per diluted share, for the quarter ended September 30, 2024, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and net loss of $493,455 or ($11.93) per diluted share for the quarter ended June 30, 2024. Adjusted (non-GAAP) net income for the quarter ended September 30, 2024 was $20.6 million, or $0.50 per diluted share, compared to $32.6 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and $24.9 million, or $0.60 per diluted share for the quarter ended June 30, 2024. The Company also announced that its Board of Directors d

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net loss of $493.5 million, or $11.89 per diluted share, for the quarter ended June 30, 2024, which was significantly impacted by $518.0 million of goodwill impairment recognized as a result of the Company's stock price trading below book value and the announced merger with SouthState Corporation. Goodwill impairment is a non-cash charge and has no impact on cash flows, liquidity, (non-GAAP) tangible equity, or regulatory capital. Excluding the goodwill impairment charge and other non-recurring items, adjusted (non-GAAP) net income for the quarter ended June 30, 2024 was $24.9 million, or $0.60 per diluted share. The Company also

WINTER HAVEN, Fla. and MCKINNEY, Texas, May 20, 2024 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) ("SouthState") and Independent Bank Group, Inc. (NASDAQ:IBTX) ("Independent Bank Group") jointly announced today that they have entered into a definitive agreement under which SouthState will acquire Independent Bank Group, in an all-stock transaction valued at approximately $2 billion. Independent Bank Group, based in McKinney, Texas, has approximately $18.9 billion in total assets, $15.7 billion in total deposits and $14.6 billion in total loans as of March 31, 2024, and op

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $24.2 million, or $0.58 per diluted share, for the quarter ended March 31, 2024, compared to $14.9 million, or $0.36 per diluted share for the quarter ended December 31, 2023. Adjusted (non-GAAP) net income for the quarter ended March 31, 2024 was $26.0 million, or $0.63 per diluted share, compared to $25.5 million, or $0.62 per diluted share for the quarter ended December 31, 2023. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.38 per share of common stock. The dividend will be payable on May 16, 2024 to stockholders of record as of the close of business on May 2, 202

Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Financial, will hold a conference call to discuss first quarter 2024 results on Tuesday, April 23, 2024, at 8:30 am ET. The related press release will be issued Monday, April 22, 2024, after 4:00 pm ET. Conference Call Details The call can be accessed by the webcast link, https://www.webcast-eqs.com/indepbankgroupq12024_en/en, or by calling 1-877-407-0989 and by identifying the meeting number 13745780 or by identifying "Independent Bank Group First Quarter 2024 Earnings Conference Call". The conference materials will also be available by accessing the Investor Relations page of our website, www.ifinancial.co

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $14.9 million, or $0.36 per diluted share, for the quarter ended December 31, 2023, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023. Adjusted net income for the quarter ended December 31, 2023 was $25.5 million, or $0.62 per diluted share, compared to $32.6 million, or $0.79 per diluted share for the quarter ended September 30, 2023. For the year ended December 31, 2023, the Company reported net income of $43.2 million, or $1.04 per diluted share, compared to $196.3 million, or $4.70 per diluted share, for the year ended December 31, 2022. Adjusted net income was $135.9

Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Financial, will hold a conference call to discuss fourth quarter and full year 2023 results on Tuesday, January 23, 2024 at 8:30 am ET. The related press release will be issued Monday, January 22, 2024, at 5:00pm ET. Conference Call Details The call can be accessed by the webcast link, https://www.webcast-eqs.com/independentbankgroup01232024_en/en, or by calling 1-877-407-0989 and by identifying the meeting number 13743624 or by identifying "Independent Bank Group Fourth Quarter 2023 Earnings Conference Call". The conference materials will also be available by accessing the Investor Relations page of our web

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $32.8 million, or $0.79 per diluted share, for the quarter ended September 30, 2023, compared to net income of $52.4 million, or $1.27 per diluted share for the quarter ended September 30, 2022 and $33.1 million, or $0.80 per diluted share for the quarter ended June 30, 2023. Adjusted net income for the quarter ended September 30, 2023 was $32.6 million, or $0.79 per diluted share, compared to $54.9 million, or $1.33 per diluted share for the quarter ended September 30, 2022 and $33.7 million, or $0.82 per diluted share for the quarter ended June 30, 2023. The Company also announced that its Board of Directors declar

Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Financial, will hold a conference call to discuss third quarter 2023 results on Tuesday, October 24, 2023 at 8:30 am ET. The related press release will be issued Monday, October 23, 2023, at 5:00pm ET. Conference Call Details The call can be accessed by the webcast link, https://www.webcast-eqs.com/indepbankgroup10242023_en/en or by calling 1-877-407-0989 and by identifying the meeting number 13741490 or by identifying "Independent Bank Group Third Quarter 2023 Earnings Conference Call". The conference materials will also be available by accessing the Investor Relations page of our website, www.ifinancial.co

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $33.1 million, or $0.80 per diluted share, for the quarter ended June 30, 2023, compared to net income $52.4 million, or $1.25 per diluted share for the quarter ended June 30, 2022 and to net loss of $37.5 million, or $0.91 per diluted share for the quarter ended March 31, 2023. Adjusted net income for the quarter ended June 30, 2023 was $33.7 million, or $0.82 per diluted share, compared to $53.3 million, or $1.27 per diluted share for the quarter ended June 30, 2022 and $44.1 million, or $1.07 per diluted share for the quarter ended March 31, 2023. The Company also announced that its Board of Directors declared a q

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net income of $20.4 million, or $0.49 per diluted share, for the quarter ended September 30, 2024, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and net loss of $493,455 or ($11.93) per diluted share for the quarter ended June 30, 2024. Adjusted (non-GAAP) net income for the quarter ended September 30, 2024 was $20.6 million, or $0.50 per diluted share, compared to $32.6 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and $24.9 million, or $0.60 per diluted share for the quarter ended June 30, 2024. The Company also announced that its Board of Directors d

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced net loss of $493.5 million, or $11.89 per diluted share, for the quarter ended June 30, 2024, which was significantly impacted by $518.0 million of goodwill impairment recognized as a result of the Company's stock price trading below book value and the announced merger with SouthState Corporation. Goodwill impairment is a non-cash charge and has no impact on cash flows, liquidity, (non-GAAP) tangible equity, or regulatory capital. Excluding the goodwill impairment charge and other non-recurring items, adjusted (non-GAAP) net income for the quarter ended June 30, 2024 was $24.9 million, or $0.60 per diluted share. The Company also

Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Financial, today announced the appointment of Dan Strodel as Executive Vice President and Chief Banking Officer. In his new role, Mr. Strodel will be responsible for key revenue-generating lines of business including Commercial, Middle Market and Specialty Banking, Treasury Solutions, SBA, Mortgage and Private Capital Management. "Dan has been an integral part of the company's growth over the past 10 years," said Independent Financial President and Chief Operating Officer Michael Hobbs. "I am confident that the depth of his professional experience and high-quality leadership make him the ideal person for this v

Independent Bank Group, Inc. (NASDAQ:IBTX) today announced the appointment of Paul Langdale as Chief Financial Officer. Mr. Langdale is replacing Michelle Hickox, who has served as Chief Financial Officer of Independent Bank Group, Inc., and its subsidiary Independent Bank since 2012. Ms. Hickox will remain employed in an advisory capacity to facilitate the transition until October 1, 2022. "I am tremendously grateful for Michelle's leadership over the years. She was instrumental in helping us emerge as a public company through our IPO in 2013, and she has since led our accounting and finance teams through a period of rapid growth," said Independent Bank Group Chairman & CEO David R. Brook

Independent Bank Group, Inc. (NASDAQ:IBTX), the parent company of Independent Financial, today announced the promotion of Paul B. Langdale to Executive Vice President, Corporate Development & Strategy effective October 1, 2021. In his expanded role, Mr. Langdale will be responsible for overseeing enterprise-wide strategic planning, identification and evaluation of prospective mergers and acquisitions, strategic partnerships/investments, and investor relations. As a member of the company's senior leadership, Mr. Langdale will report to Independent Bank Group's Chairman and CEO David R. Brooks. Mr. Langdale joined the Company in 2018, and has since held increasingly senior positions in finan

Independent Bank Group, Inc. (NASDAQ:IBTX) ("Independent Bank Group" or the "Company"), the parent company of Independent Bank (the "Bank"), today announced changes to its executive leadership to position the Company for long-term success and to best serve its customers, communities and shareholders. David R. Brooks will remain Chairman and Chief Executive Officer and will continue to serve as the Company's and the Bank's principal executive officer, but he will no longer serve as President. Michael B. Hobbs will serve as President and Chief Operating Officer, effective as of October 1, 2021. Mr. Hobbs will continue to oversee the Bank's lending function as well as supervising many aspects

MCKINNEY, TX / ACCESSWIRE / March 26, 2021 / Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, today announced that it has appointed Paul E. Washington to its Board of Directors. Mr. Washington's appointment to fill an existing vacancy increases the current number of directors to ten, eight of whom are independent directors. Mr. Washington will serve on the Board's Audit and Strategic Planning Committees. Independent Bank Group's Chairman and CEO David R. Brooks said, "We are thrilled to welcome Paul to the Board. He is a highly respected businessman and deeply influential civic leader in Denver whose experience will be invaluable as we work to expand our

Independent Bank Gr (NASDAQ:IBTX) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.58 by 3.45 percent.

Keefe, Bruyette & Woods analyst Catherine Mealor maintains Independent Bank Gr (NASDAQ:IBTX) with a Outperform and raises the price target from $46 to $57.

During the last three months, 7 analysts shared their evaluations of Independent Bank Gr (NASDAQ:IBTX), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 1 1 0 0 3M Ago 1 2 0 1 0 In the assessment of 12-month price targets, analysts unveil insights for Independent Bank Gr, presenting an average target of $48.71, a high estimate of $58.00, and a low estimate of $38.00. A negative

Truist Securities analyst Brandon King maintains Independent Bank Gr (NASDAQ:IBTX) with a Hold and lowers the price target from $50 to $48.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Piper Sandler analyst Brent Bracelin upgraded the rating for Asana, Inc. (NYSE:ASAN) from Underweight to Neutral, but slashed the price target from $18 to $16. Asana shares fell 4.9% to close at $13.13 on Thursday. See how other analysts view this stock. Piper Sandler analyst Stephen Scouten upgraded Independent Bank Group, Inc. (NASDAQ:IBTX) from Underweight to Overweight, while raising the price target from $38 to $58. Independent Bank shares rose 2.4% to settle at $45.98 on Thursday. See how oth

Piper Sandler analyst Stephen Scouten upgrades Independent Bank Gr (NASDAQ:IBTX) from Underweight to Overweight and raises the price target from $38 to $58.

Regional bank stocks, as monitored through the SPDR S&P Regional Banking ETF (NYSE:KRE), continue to trade about 13% lower than they were prior to the collapse of Silicon Valley Bank in March 2023, indicating that investor sentiment has yet to fully regain trust in the industry following last year’s sharp drop. The first-quarter earnings season has been notably positive for the Financials sector, which showed the largest positive difference between actual revenues and estimated revenues, according to FactSet earnings insights. Chart: Regional Bank Industry Trades 13% Lower Its Pre-SVB Levels A Resilient Quarter For Community Banks “The banking industry continued to show resil

Throughout the last three months, 6 analysts have evaluated Independent Bank Gr (NASDAQ:IBTX), offering a diverse set of opinions from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 2 1 1 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 2 2 0 1 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Independent Bank Gr, revealing an average target of $47.83, a high estimate of $55.00, and a low estim

Truist Securities analyst Brandon King downgrades Independent Bank Gr (NASDAQ:IBTX) from Buy to Hold and raises the price target from $46 to $50.

Shares of Virios Therapeutics, Inc. (NASDAQ:VIRI) fell sharply during Monday's session after the company priced a $1.7 million public offering of 8.5 million shares of common stock at $0.20 per share. Virios Therapeutics shares dipped 47.6% to $0.1850 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers MultiMetaVerse Holdings Limited (NASDAQ:MMV) shares jumped 224% to $2.01. MultiMetaVerse Holdings signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries. GT Biopharma, Inc. (NASDAQ:GTBP) rose 146% to $7.64. GT Biopharma, last week, posted a narrower-than-expected quarterly loss. Tantech Hold