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

Independent Bank

26/07/2022 24:00

* Independent Bank Group Inc  IBTX.OQ  reported quarterly
adjusted
earnings of $1.27​​ per share for the quarter ended in June. The
mean expectation of eight analysts for the quarter was
for earnings of $1.23 per share.
    * Revenue rose 4.6% to $151.88 million from a year ago;
analysts
expected $151.40 million. 
    * Independent Bank Group Inc's reported EPS for the quarter
was
$1.25​.
    * The mean earnings estimate of analysts had risen by
about 1.9%
in the last three months.​ 
    * In the last 30 days four analysts negatively revised
earnings
estimates 
    * Independent Bank Group Inc shares had risen by 2.3% this
quarter and lost 3.7% so far this year.
    * The company reported quarterly net income of $52.36
million.
    * Wall Street's median 12-month price target for Independent
Bank
Group Inc is $78.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data July 25
at 11:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      1.23           1.27           Beat
 Mar. 31 2022      1.14           1.22           Beat
 Dec. 31 2021      1.25           1.26           Beat
 Sep. 30 2021      1.30           1.21           Missed