James Tippit - Independent Bank President

IBTX Stock  USD 67.31  1.82  2.78%   

President

Mr. James P. Tippit is Executive Vice President Corporationrationrate Responsibility of the Company. He is Executive Vice President Corporationrationrate Responsibility of the Company and Independent Bank, assuming this position effective on January 8, 2018. Mr. Tippit oversees the Companys and Independent Banks community development function since 2018.
Age 53
Tenure 6 years
Address 7777 and 7677 Henneman Way, McKinney, TX, United States, 75070-1711
Phone972 562 9004
Webhttps://www.independent-bank.com
Tippit was with Independent Bank since 2011 as Community Reinvestment Act Officer and then Head of Corporationrationrationrate Responsibility. As Executive Vice President, he will continue to oversee Human Resources, CRA, Community Development, Marketing and Communications.

Independent Bank Management Efficiency

The company has return on total asset (ROA) of (0.0234) % which means that it has lost $0.0234 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.2028) %, meaning that it created substantial loss on money invested by shareholders. Independent Bank's management efficiency ratios could be used to measure how well Independent Bank manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0 in 2024. Return On Capital Employed is likely to drop to 0.02 in 2024. At this time, Independent Bank's Non Current Assets Total are fairly stable compared to the past year. Asset Turnover is likely to rise to 0.04 in 2024, whereas Total Assets are likely to drop slightly above 10.1 B in 2024.
Independent Bank Group currently holds 676.44 M in liabilities with Debt to Equity (D/E) ratio of 7.34, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Note, when we think about Independent Bank's use of debt, we should always consider it together with its cash and equity.

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Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas. Independent Bank operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 1543 people. Independent Bank Group (IBTX) is traded on NASDAQ Exchange in USA. It is located in 7777 and 7677 Henneman Way, McKinney, TX, United States, 75070-1711 and employs 1,517 people. Independent Bank is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Independent Bank Leadership Team

Elected by the shareholders, the Independent Bank's board of directors comprises two types of representatives: Independent Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Independent. The board's role is to monitor Independent Bank's management team and ensure that shareholders' interests are well served. Independent Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Independent Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark Esq, Exec Counsel
Brenda Montgomery, Chief Officer
Peggy Smolen, Senior Communications
Paul Langdale, Executive CFO
Michael Hobbs, President COO
Leslie Beseda, Senior Reporting
Daniel Strodel, Executive Officer
Ankita Puri, Executive Officer
James Tippit, Executive Vice President - Corporate Responsibility
Charles Cartwright, Senior Officer
Daniel App, EVP Operations
John Turpen, Executive Officer
Bill Wade, EVP Officer
David Brooks, Chairman, CEO and Member of Strategic Planning Committee
Schwinn Feng, Chief Officer

Independent Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Independent Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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