Independent Bank Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Independent Bank

21/10/2024 23:11

* Independent Bank Group Inc  IBTX.OQ  reported quarterly
adjusted
earnings of 50 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 79 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 68 cents per
share. Wall Street expected results to range from 59 cents to 85
cents per share.
    * Revenue fell 2% to $120.30 million from a year ago;
analysts
expected $124.67 million. 
    * Independent Bank Group Inc's reported EPS for the quarter
was 49
cents​.
    * The company reported quarterly net income of $20.44
million.
    * Independent Bank Group Inc shares had risen by 5.1% this
quarter and gained 19.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 57.00 
This summary was machine generated from LSEG data October 21 at
10:11 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
 Sep. 30 2024      0.68           0.50           Missed
 Jun. 30 2024      0.58           0.60           Beat
 Mar. 31 2024      0.59           0.63           Beat
 Dec. 31 2023      0.67           0.62           Missed