Independent Bank Group Inc reports results for the quarter ended in December - Earnings Summary

Independent Bank

23/01/2023 23:00

* Independent Bank Group Inc  IBTX.OQ  reported quarterly
adjusted
earnings of $1.20​​ per share for the quarter ended in December.
The mean expectation of seven analysts for the quarter was
for earnings of $1.28 per share.
    * Revenue rose 3.6% to $153.01 million from a year ago;
analysts
expected $162.22 million. 
    * Independent Bank Group Inc's reported EPS for the quarter
was 99
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Independent Bank Group Inc shares had risen by 1.1% this
quarter.
    * The company reported quarterly net income of $40.75
million.
    * Wall Street's median 12-month price target for Independent
Bank
Group Inc is $70.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
23 at 11:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.28           1.20           Missed
 Sep. 30 2022      1.33           1.33           Met
 Jun. 30 2022      1.23           1.27           Beat
 Mar. 31 2022      1.14           1.22           Beat