Independent Bank Group (IBTX) Misses Q1 EPS by 4c

Independent Bank Group (NASDAQ: IBTX) reported Q1 EPS of $1.03, $0.04 worse than the analyst estimate of $1.07.

Highlights

• Adjusted (non-GAAP) net income was $29.2 million, or $1.03 per diluted share, compared to $25.3 million, or $0.90 per diluted share, for fourth quarter 2017
• Strong organic loan growth of 14.0% for the quarter (annualized) of loans held for investment
• Continued strong credit quality metrics
• Adjusted (non-GAAP) return on average assets increased to 1.37%, from fourth quarter 2017 of 1.15%
• Positive increase in net interest margin to 4.00%, up from 3.97% for fourth quarter 2017

For earnings history and earnings-related data on Independent Bank Group (IBTX) click here.

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