Independent Bank Group Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 14.42
Dividend & Yield1.52$ (2.34%)
Beta 1.42
Market capitalization 2.68B
Operating cash flow 216.35M
ESG Scores unknown

Company description

Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. 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 lease financing, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2021, the company operated 93 full-service branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
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Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -656.71M -673.99M -1.47B -294.46M
Net Borrowings -300.67M -83.15M 159.4M -254.5M
Total Cash From Financing Activities 197.64M 935.06M 2.57B 811.49M
Change To Operating Activities 2.75M -27.04M -48.2M -14.27M
Issuance Of Stock 2.53M
Net Income 128.26M 192.74M 201.21M 224.75M
Change In Cash -300.32M 434.39M 1.25B 794.46M
Effect Of Exchange Rate
Total Cash From Operating Activities 158.74M 173.32M 154.29M 277.43M
Depreciation 14.13M 24.66M 25.4M 24.96M
Change To Account Receivables
Other Cashflows From Financing Activities 511.69M 1.11B 2.46B 1.15B
Change To Netincome 12.96M -17.67M -24.83M 41.1M
Capital Expenditures -38.11M -31.68M -21.14M -71.36M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 160M 246.26M 252.38M 282.23M
Net Income 128.26M 192.74M 201.21M 224.75M
Selling General Administrative 157.05M 233.05M 234.91M 260.01M
Gross Profit 358.62M 568.13M 558.52M 595.84M
Ebit
Operating Income 175.6M 295.87M 289.46M 300.68M
Interest Expense
Income Tax Expense 31.74M 53.53M 51.17M 57.48M
Total Revenue 358.62M 568.13M 558.52M 595.84M
Cost Of Revenue
Total Other Income ExpenseNet -15.61M -49.61M -37.08M -18.45M
Net Income From Continuing Ops 128.26M 192.74M 201.21M 224.75M
Net Income Applicable To Common Shares 127.14M 191.48M 199.52M 222.64M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 8.24B 12.62B 15.24B 16.16B
Total Stockholder Equity 1.61B 2.34B 2.52B 2.58B
Other Current Liabilities
Total Assets 9.85B 14.96B 17.75B 18.73B
Common Stock 306k 430k 431k 428k
Other Current Assets 68.68M 103.73M 167.05M 102.25M
Retained Earnings 296.82M 393.67M 543.8M 625.48M
Treasury Stock -8.3M 19.31M 36.33M 5.24M
Cash 94.83M 497.08M 1.79B 2.59B
Total Current Liabilities 7.74B 11.97B 14.43B 15.58B
Other Stockholder Equity -8.3M 19.31M 36.33M 5.24M
Property, Plant, and Equipment 167.87M 281.69M 274.31M 332.15M
Total Current Assets 170.34M 618.42M 1.99B 2.7B
Net Tangible Assets 839.59M 1.25B 1.43B 1.51B
Net Receivables
Accounts Payable 7.74B 11.94B 14.4B 15.55B


Insider Transactions

Here are the insider transactions of stock shares related to Independent Bank Group Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
LANGDALE PAUL B.Stock Award(Grant) at price 0.00 per share.D2022-10-19Chief Financial Officer2.5k
LANGDALE PAUL B.Stock Award(Grant) at price 0.00 per share.D2022-10-07Chief Financial Officer5k
HOBBS MICHAEL BSale at price 74.76 per share.D2022-08-17President1.35k
JENNINGS JOHN WEBB IIISale at price 74.13 per share.I2022-08-12Director8.94k
SMITH G STACYStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
HOLMES CRAIG EStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
FAIR WILLIAM EStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
VIOLA MICHAEL TStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
POARCH DONALD LStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
JENNINGS JOHN WEBB IIIStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
HARRISON ALICIA KUHNStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
WASHINGTON PAULStock Award(Grant) at price 0.00 per share.D2022-07-01Director874
BROOKS DANIEL WStock Gift at price 0.00 per share.D2022-06-06Officer and Director2k
WHITE JAMES CSale at price 72.71 per share.D2022-06-03Chief Operating Officer876
WHITE JAMES CSale at price 70.06 per share.D2022-05-06Chief Operating Officer5.37k
HOBBS MICHAEL BSale at price 71.76 - 72.19 per share.D2022-05-04President2.61k
WHITE JAMES CSale at price 74.73 - 74.91 per share.D2022-03-01Chief Operating Officer1.36k
HOBBS MICHAEL BStock Award(Grant) at price 0.00 per share.D2022-02-24President3.89k
BROOKS DANIEL WStock Award(Grant) at price 0.00 per share.D2022-02-24Officer and Director2.87k
BROOKS DAVID RStock Award(Grant) at price 0.00 per share.D2022-02-24Chief Executive Officer7.11k
HICKOX MICHELLE SStock Award(Grant) at price 0.00 per share.D2022-02-24Chief Financial Officer2.02k
WHITE JAMES CStock Award(Grant) at price 0.00 per share.D2022-02-24Chief Operating Officer1.29k
TIPPIT JAMES PStock Award(Grant) at price 0.00 per share.D2022-02-24Officer1.25k
HAYNIE MARK SStock Award(Grant) at price 0.00 per share.D2022-02-24General Counsel1.51k
TURPEN JOHN GStock Award(Grant) at price 0.00 per share.D2022-02-24Officer793
JENNINGS JOHN WEBB IIISale at price 76.64 per share.D2022-02-14Director2.73k
SMITH G STACYSale at price 74.32 - 77.23 per share.D2022-01-28Director19k
BROOKS DANIEL WStock Gift at price 0.00 per share.D2021-12-09Officer and Director3k
HOBBS MICHAEL BSale at price 73.85 per share.D2021-11-22President2.08k
HICKOX MICHELLE SSale at price 75.06 per share.D2021-10-22Chief Financial Officer5k
FAIR WILLIAM EStock Gift at price 0.00 per share.D2021-09-14Director1.03k
WHITE JAMES CSale at price 69.93 - 70.00 per share.D2021-08-30Chief Operating Officer1.25k
WHITE JAMES CSale at price 69.93 - 70.00 per share.D2021-08-30Chief Operating Officer1.25k
TURPEN JOHN GStock Award(Grant) at price 0.00 per share.D2021-08-02Officer5k
SMITH G STACYStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
HOLMES CRAIG EStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
FAIR WILLIAM EStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
VIOLA MICHAEL TStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
POARCH DONALD LStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
JENNINGS JOHN WEBB IIIStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
HARRISON ALICIA KUHNStock Award(Grant) at price 0.00 per share.D2021-06-03Director754
WASHINGTON PAULStock Award(Grant) at price 0.00 per share.D2021-06-03Director869
HAYNIE MARK SSale at price 79.48 per share.D2021-06-01General Counsel13.81k
WHITE JAMES CSale at price 78.89 per share.D2021-03-12Chief Operating Officer1.5k
TIPPIT JAMES PSale at price 78.73 per share.D2021-03-12Officer615
BROOKS DAVID RSale at price 75.00 per share.I2021-03-08Chief Executive Officer40k
HAYNIE MARK SSale at price 75.62 per share.D2021-03-08General Counsel3.51k
HAYNIE MARK SSale at price 75.62 per share.D2021-03-08General Counsel3.51k
HICKOX MICHELLE SSale at price 72.00 per share.D2021-03-02Chief Financial Officer2k
BROOKS DAVID RSale at price 72.20 - 74.00 per share.I2021-02-24Chief Executive Officer110k
BROOKS DANIEL WSale at price 72.00 per share.D2021-02-23Officer and Director5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Independent Bank Group Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Independent Bank Group Inc

Here is the result of two systematic investment strategies applied to Independent Bank Group Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Independent Bank Group Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Independent Bank Group Inc:

Independent Bank Group Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 48.44% on the backtest period.

Performance at glance

Performance

48.44 %

Latent gain

865.05 $

Invested capital

1785.99 $

Annualized return

11.81 %
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Momentum strategy results on Independent Bank Group Inc

This is the result of two momentum investment strategies applied to Independent Bank Group Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Independent Bank Group Inc

The following chart shows all the entries opened by the momentum investment system on Independent Bank Group Inc:

Independent Bank Group Inc momentum entries
  • The first momentum investment strategy would give 31.43% of return on Independent Bank Group Inc. That represents 1602.38$ of latent gain with 5098.86$ of employed capital.
  • The second momentum investment strategy would give 47.52% of return on Independent Bank Group Inc. That represents 1162.31$ of latent gain with 2446.05$ of employed capital.
Performance at glance (1Q Momentum)

Performance

31.43 %

Latent gain

1602.38 $

Invested capital

5098.86 $

Annualized return

32.58 %
Performance at glance (2Q Momentum)

Performance

47.52 %

Latent gain

1162.31 $

Invested capital

2446.05 $

Annualized return

13.13 %

Momentum equity curve on Independent Bank Group Inc

The following chart shows the equity curve of the two momentum strategies applied to Independent Bank Group Inc:

Independent Bank Group Inc momentum equity

Note: the dividends potentially given by Independent Bank Group Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Independent Bank Group Inc

The following chart shows the employed capital evolution of the two momentum strategies on Independent Bank Group Inc since the beginning:

Independent Bank Group Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Independent Bank Group Inc

Buy the dip entry openings on Independent Bank Group Inc

Independent Bank Group Inc

The performance achieved by the robo-advisor on Independent Bank Group Inc is 68.41%. That represents 329.05$ of latent gain with 480.99$ of employed capital. The following chart shows Independent Bank Group Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Independent Bank Group Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

68.41 %

Latent gain

329.05 $

Invested capital

480.99 $

Annualized return

32.58 %

Equity curve of the strategy applied to Independent Bank Group Inc

The following chart shows the result of the investment strategy applied to Independent Bank Group Inc:

Independent Bank Group Inc

Note: the dividends potentially given by Independent Bank Group Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Independent Bank Group Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Independent Bank Group Inc:

Independent Bank Group Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Independent Bank Group Inc

In this section, I will compare the three previous investment strategies applied to Independent Bank Group Inc.

Equity curve comparison on Independent Bank Group Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Independent Bank Group Inc investment strategy comparison

Employed capital comparison on Independent Bank Group Inc

Independent Bank Group Inc investment comparison

Performance comparison on Independent Bank Group Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 48.44% 865.05$ 1785.99$ 11.81%
Momentum 1 quarter 31.43% 1602.38$ 5098.86$ 8.14%
Momentum 2 quarters 47.52% 1162.31$ 2446.05$ 13.13%
Non-directional 68.41% 329.05$ 480.99$ 32.58%
Annualized return comparison

Automatic investment

11.81 %

Momentum 1Q

13.13 %

Momentum 2Q

13.13 %

Non-directional

32.58 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Independent Bank Group Inc:

Note: The algorithm computes the probability of correlation between Independent Bank Group Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Independent Bank Group Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Independent Bank Group Inc
Country United States
City McKinney
Address 7777 Henneman Way
Phone 972 562 9004
Website www.independent-bank.com
FullTime employees 1543
Industry Banks—Regional
Sector Financial Services
Exchange XNAS
Ticker IBTX
Market www.nasdaq.com

Independent Bank Group Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown