Independent Bank Group Inc (IBTX) released its first quarter results on Tuesday, April 27, 2021. The company reported net earnings of $1.39 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 35 percent compared to the same period a year ago.
Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas. 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.
Independent Bank Group's revenue decreased 5 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 45.52% over the same period. Net earnings for past trailing twelve months were $215.56 million, up 9% from the prior year.
The current ratio for Independent Bank Group now stands at 0.54. The company increased shares outstanding by 0.35%.
Shares of IBTX are currently trading around $76.95. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 15.36 and price to book ratio of 1.33.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Wednesday, April 28, 2021.