Stephens Upgrades Independent Bank Group (IBTX) to Overweight

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Go back to Stephens Upgrades Independent Bank Group (IBTX) to Overweight

Independent Bank Group Reports First Quarter Financial Results

April 25, 2016 5:00 PM EDT

McKINNEY, Texas, April 25, 2016 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, today announced net income available to common shareholders of $12.4 million, or $0.67 per diluted share, for the quarter ended March 31, 2016 compared to $9.4 million, or $0.55 per diluted share, for the quarter ended March 31, 2015 and $10.5 million, or $0.58 per diluted share, for the quarter ended December 31, 2015.

Highlights

Continued strong earnings Core earnings were $12.4 million, or $0.67 per diluted share, compared to $11.4 million, or $0.63 per diluted share, for fourth quarter 2015Net interest income... More