Independent Bank Group (IBTX) Misses Q3 EPS by 9c

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Go back to Independent Bank Group (IBTX) Misses Q3 EPS by 9c

Independent Bank Group, Inc. Reports Third Quarter Financial Results

October 25, 2021 5:00 PM EDT

MCKINNEY, Texas--(BUSINESS WIRE)-- Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, today announced net income of $52.3 million, or $1.21 per diluted share, for the quarter ended September 30, 2021, compared to $60.1 million, or $1.39 per diluted share, for the quarter ended September 30, 2020 and $58.2 million, or $1.35 per diluted share, for the quarter ended June 30, 2021.

Highlights

Organic loan growth of 4.6% annualized for the quarter, (excluding warehouse and PPP) Strong deposit growth of 12.1% annualized for the quarter Net chargeoffs for the quarter less than 0.01%, annualized Repurchased... More