Independent Bank Group (IBTX) Declares $0.38 Quarterly Dividend; 3.7% Yield

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Go back to Independent Bank Group (IBTX) Declares $0.38 Quarterly Dividend; 3.7% Yield

Independent Bank Group, Inc. Reports First Quarter Financial Results and Declares Quarterly Dividend

April 24, 2023 5:00 PM EDT

MCKINNEY, Texas--(BUSINESS WIRE)-- Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net loss of $37.5 million, or $0.91 per diluted share, for the quarter ended March 31, 2023, which includes the impact of the $100 million legal settlement disclosed on February 27, 2023, that, pending court approval, will resolve all current and potential future claims relating to an inherited receivership litigation. Excluding the legal settlement as well as other non-recurring items, adjusted net income for the quarter ended March 31, 2023, was $44.1 million, or $1.07 per diluted share.

The Company also announced that its Board of Directors declared a quarterly... More