Independent Financial Statements From 2010 to 2024

Stocks . USA . 
Stock . Independent Bank Group
IBTX Stock  USD 64.67  1.61  2.55%   
Independent Bank financial statements provide useful quarterly and yearly information to potential Independent Bank Group investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Independent Bank financial statements helps investors assess Independent Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Independent Bank's valuation are summarized below:
Gross Profit
605.2 M
Profit Margin
(0.93)
Market Capitalization
2.7 B
Enterprise Value Revenue
6.7605
Revenue
466.7 M
We have found one hundred twenty available fundamental trends for Independent Bank, which can be analyzed and compared to other ratios and to its competitors. All investors should make sure to confirm all of Independent Bank regular market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road. Enterprise Value is likely to rise to about 2.2 B in 2024, whereas Market Cap is likely to drop slightly above 1.2 B in 2024.

Independent Bank Total Revenue

339.6 Million

Check Independent Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent Bank's main balance sheet or income statement drivers, such as Depreciation And Amortization of 32.5 M, Interest Expense of 435.6 M or Selling General Administrative of 124.4 M, as well as many indicators such as Price To Sales Ratio of 5.09, Dividend Yield of 0.0312 or PTB Ratio of 1.69. Independent financial statements analysis is a perfect complement when working with Independent Bank Valuation or Volatility modules.
  
Check out the analysis of Independent Bank Correlation against competitors.
For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.

Independent Bank Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets10.1 B19 B9.2 B
Slightly volatile
Short and Long Term Debt Total501.9 M676.4 M459.3 M
Slightly volatile
Total Stockholder Equity1.4 B2.4 B1.3 B
Slightly volatile
Property Plant And Equipment Net185.8 M355.8 M170 M
Slightly volatile
Retained Earnings647.6 M616.7 M281.8 M
Slightly volatile
Cash665.2 M711.7 M608.8 M
Slightly volatile
Non Current Assets Total21.2 B20.2 B3.9 B
Slightly volatile
Cash And Short Term Investments1.3 B711.7 M1.2 B
Slightly volatile
Good Will1.2 B1.1 B566.3 M
Slightly volatile
Common Stock Total Equity268.8 K473.8 K261.3 K
Slightly volatile
Common Stock Shares Outstanding27.9 M41.3 M25.5 M
Slightly volatile
Short Term Investments803.8 M1.6 B735.6 M
Slightly volatile
Liabilities And Stockholders Equity10.1 B19 B9.2 B
Slightly volatile
Non Current Liabilities Total13.8 B13.1 B3.2 B
Slightly volatile
Other Current Assets695.1 M731.7 M2.4 B
Very volatile
Other Stockholder Equity1.1 B2 B1 B
Slightly volatile
Total Liabilities8.7 B16.6 B8 B
Slightly volatile
Property Plant And Equipment Gross473.5 M451 M205.7 M
Slightly volatile
Total Current Assets676.2 M711.7 M3.1 B
Very volatile
Intangible Assets41 M50.6 M37.5 M
Slightly volatile
Common Stock282.1 K413 K258.1 K
Slightly volatile
Other Liabilities125.8 M119.8 M51.7 M
Slightly volatile
Accounts Payable18.3 B17.4 B7.4 B
Slightly volatile
Long Term Debt674.8 M642.7 M297.6 M
Slightly volatile
Inventory45.3 M43.1 M17 M
Pretty Stable
Property Plant Equipment458 M436.2 M199.2 M
Slightly volatile
Total Current Liabilities3.4 B3.5 B2.9 B
Pretty Stable
Net Tangible Assets907.3 M1.5 B751.4 M
Slightly volatile
Retained Earnings Total Equity770.8 M734.1 M307.6 M
Slightly volatile
Long Term Debt Total212.6 M369.7 M172.2 M
Slightly volatile
Capital Surpluse1.3 B2.3 B1.1 B
Slightly volatile
Long Term Investments1.7 B1.8 B3.8 B
Pretty Stable
Non Current Liabilities Other402.5 M494.6 M349.7 M
Slightly volatile
Short Term Debt32.1 M33.8 M181 M
Slightly volatile
Warrants19.2 M21.5 M23.5 M
Slightly volatile
Earning Assets1 B1.8 B967.5 M
Slightly volatile
Net Invested Capital3.1 B3.1 B2.4 B
Slightly volatile
Capital Stock443.7 K413 K354.1 K
Slightly volatile

Independent Bank Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization32.5 M30.9 M10.4 M
Slightly volatile
Interest Expense435.6 M414.9 M99.5 M
Slightly volatile
Selling General Administrative124.4 M203.6 M113.8 M
Slightly volatile
Selling And Marketing Expenses1.5 M2.6 M1.4 M
Slightly volatile
Total Revenue339.6 M507.7 M310.8 M
Slightly volatile
Gross Profit339.6 M507.7 M310.8 M
Slightly volatile
Other Operating Expenses533.1 M507.7 M151.2 M
Slightly volatile
Operating Income167.7 M194.1 M153.5 M
Slightly volatile
EBITDA11.8 M12.4 M131.9 M
Slightly volatile
Income Before Tax49.7 M52.3 M110.8 M
Slightly volatile
Net Income41 M43.2 M85.3 M
Slightly volatile
Income Tax Expense8.7 M9.1 M25.8 M
Slightly volatile
Cost Of Revenue109.8 M104.5 M57.9 M
Slightly volatile
Net Income Applicable To Common Shares237 M225.7 M111.2 M
Slightly volatile
Net Income From Continuing Ops41 M43.2 M107.8 M
Slightly volatile
Non Recurring15.6 M14.8 M8.6 M
Slightly volatile
Tax Provision8.7 M9.1 M29.8 M
Slightly volatile
Net Interest Income426.1 M456.9 M312.2 M
Slightly volatile
Interest Income546.8 M871.7 M392.7 M
Slightly volatile
Reconciled Depreciation20.9 M30.9 M16.3 M
Slightly volatile

Independent Bank Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow91.4 M144.3 M83.6 M
Slightly volatile
Begin Period Cash Flow606.8 M654.3 M555.3 M
Slightly volatile
Depreciation15.7 M30.9 M14.4 M
Slightly volatile
Dividends Paid65.8 M62.7 M27 M
Slightly volatile
Capital Expenditures24.6 M21 M22.5 M
Slightly volatile
Total Cash From Operating Activities116 M165.3 M106.1 M
Slightly volatile
Net Income41 M43.2 M86 M
Slightly volatile
End Period Cash Flow658.9 M722 M603 M
Slightly volatile
Stock Based Compensation6.8 M7.5 M5.4 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio5.094.15384.6612
Pretty Stable
Dividend Yield0.03120.02970.0177
Slightly volatile
PTB Ratio1.690.87771.5481
Slightly volatile
Book Value Per Share31.8757.96939.3087
Slightly volatile
Free Cash Flow Yield0.04480.06840.0553
Slightly volatile
Operating Cash Flow Per Share2.863.98763.536
Slightly volatile
Stock Based Compensation To Revenue0.01970.01480.0169
Slightly volatile
Capex To Depreciation1.230.67861.5194
Very volatile
PB Ratio1.690.87771.5481
Slightly volatile
EV To Sales5.194.08434.7497
Slightly volatile
Free Cash Flow Per Share2.243.48142.7627
Slightly volatile
ROIC0.08550.110.0804
Very volatile
Net Income Per Share0.991.04232.7663
Slightly volatile
Sales General And Administrative To Revenue0.430.4010.3925
Slightly volatile
Capex To Revenue0.03930.04130.0743
Pretty Stable
Cash Per Share34.555.626342.548
Slightly volatile
POCF Ratio15.9212.759714.5687
Slightly volatile
Interest Coverage2.573.333.1765
Pretty Stable
Payout Ratio1.521.45150.4428
Slightly volatile
Capex To Operating Cash Flow0.120.12690.2332
Slightly volatile
PFCF Ratio26.414.614924.1612
Slightly volatile
Income Quality4.023.82561.5437
Slightly volatile
ROE0.01710.0180.0774
Slightly volatile
EV To Operating Cash Flow16.3812.54614.9884
Slightly volatile
PE Ratio51.2548.813222.4376
Slightly volatile
Return On Tangible Assets0.00230.00240.0093
Pretty Stable
EV To Free Cash Flow13.6514.370225.5747
Slightly volatile
Earnings Yield0.01950.02050.0552
Very volatile
Intangibles To Total Assets0.03870.05490.0478
Slightly volatile
Current Ratio0.260.2854.4636
Slightly volatile
Tangible Book Value Per Share18.4232.765722.7271
Slightly volatile
Graham Number39.9636.871849.2865
Slightly volatile
Shareholders Equity Per Share31.8757.96939.3087
Slightly volatile
Debt To Equity0.240.24990.6414
Slightly volatile
Capex Per Share0.620.50620.7733
Slightly volatile
Revenue Per Share8.5412.248910.5405
Slightly volatile
Interest Debt Per Share20.624.495418.8547
Pretty Stable
Debt To Assets0.030.03150.064
Slightly volatile
Enterprise Value Over EBITDA13.4410.3112.1725
Slightly volatile
Short Term Coverage Ratios5.355.637.6836
Very volatile
Price Earnings Ratio51.2548.813222.4376
Slightly volatile
Price Book Value Ratio1.690.87771.5481
Slightly volatile
Dividend Payout Ratio1.521.45150.4428
Slightly volatile
Price To Operating Cash Flows Ratio15.9212.759714.5687
Slightly volatile
Price To Free Cash Flows Ratio26.414.614924.1612
Slightly volatile
Pretax Profit Margin0.09790.10310.3274
Very volatile
Ebt Per Ebit0.50.620.6313
Slightly volatile
Operating Profit Margin0.570.670.5294
Pretty Stable
Effective Tax Rate0.290.17430.2657
Slightly volatile
Company Equity Multiplier9.927.92279.0808
Slightly volatile
Long Term Debt To Capitalization0.180.19080.349
Slightly volatile
Total Debt To Capitalization0.40.19990.3511
Slightly volatile
Return On Capital Employed0.02250.03020.0278
Very volatile
Debt Equity Ratio0.240.24990.6414
Slightly volatile
Ebit Per Revenue0.570.670.5294
Pretty Stable
Quick Ratio0.260.2854.4636
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.121.97492.6101
Very volatile
Net Income Per E B T0.590.82570.7263
Slightly volatile
Cash Ratio0.07380.077730.5754
Slightly volatile
Operating Cash Flow Sales Ratio0.260.32550.3254
Pretty Stable
Free Cash Flow Operating Cash Flow Ratio0.610.87310.7488
Pretty Stable
Cash Flow Coverage Ratios0.260.27531.775
Pretty Stable
Price To Book Ratio1.690.87771.5481
Slightly volatile
Fixed Asset Turnover1.341.42671.6551
Slightly volatile
Capital Expenditure Coverage Ratio4.517.87785.5634
Very volatile
Price Cash Flow Ratio15.9212.759714.5687
Slightly volatile
Enterprise Value Multiple13.4410.3112.1725
Slightly volatile
Debt Ratio0.030.03150.064
Slightly volatile
Cash Flow To Debt Ratio0.260.27531.775
Pretty Stable
Price Sales Ratio5.094.15384.6612
Pretty Stable
Return On Assets0.00220.00230.0088
Pretty Stable
Asset Turnover0.03930.02670.0359
Slightly volatile
Net Profit Margin0.08080.08510.2468
Very volatile
Price Fair Value1.690.87771.5481
Slightly volatile
Return On Equity0.01710.0180.0774
Slightly volatile

Independent Bank Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap1.2 B2.1 B1.4 B
Slightly volatile
Enterprise Value2.2 B2.1 B1.3 B
Slightly volatile

Independent Fundamental Market Drivers

Forward Price Earnings19.4175
Cash And Short Term Investments711.7 M

Independent Upcoming Events

22nd of April 2024
Upcoming Quarterly Report
View
22nd of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
27th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Independent Bank Financial Statements

Independent Bank investors use historical fundamental indicators, such as Independent Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in Independent Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Revenue507.7 M339.6 M
Cost Of Revenue104.5 M109.8 M
Stock Based Compensation To Revenue 0.01  0.02 
Sales General And Administrative To Revenue 0.40  0.43 
Capex To Revenue 0.04  0.04 
Revenue Per Share 12.25  8.54 
Ebit Per Revenue 0.67  0.57 

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Additional Tools for Independent Stock Analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.
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