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

Independent Bank

22/01/2024 23:37

* Independent Bank Group Inc  IBTX.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.20.  The mean expectation of
seven analysts for the quarter was for earnings of 67 cents per
share. Wall Street expected results to range from 62 cents to 72
cents per share.
    * Revenue fell 23.6% to $116.92 million from a year ago;
analysts
expected $123.83 million. 
    * Independent Bank Group Inc's reported EPS for the quarter
was 36
cents​.
    * The company reported quarterly net income of $14.86
million.
    * Independent Bank Group Inc shares had risen by 0.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Independent Bank
Group Inc is $53.00 
This summary was machine generated from LSEG data January 22 at
11:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.67           0.62           Missed
 Sep. 30 2023      0.73           0.79           Beat
 Jun. 30 2023      0.87           0.82           Missed
 Mar. 31 2023      1.07           1.07           Met