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

Independent Bank

25/07/2023 24:02

* Independent Bank Group Inc  IBTX.OQ  reported quarterly
adjusted
earnings of 82 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 87 cents per share.
    * Revenue fell 15.9% to $127.70 million from a year ago;
analysts
expected $139.16 million. 
    * Independent Bank Group Inc's reported EPS for the quarter
was 80
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.3%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Independent Bank Group Inc shares had risen by 18.5% this
quarter and lost 31.9% so far this year.
    * The company reported quarterly net income of $33.08
million.
    * Wall Street's median 12-month price target for Independent
Bank
Group Inc is $40.50 
    * 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 LSEG Refinitiv data July
24 at 11:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.87           0.82           Missed
 Mar. 31 2023      1.07           1.07           Met
 Dec. 31 2022      1.28           1.20           Missed
 Sep. 30 2022      1.33           1.33           Met