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

Independent Bank

23/10/2023 23:37

* Independent Bank Group Inc  IBTX.OQ  reported quarterly
adjusted
earnings of 79 cents​​ per share for the quarter ended in
September. The mean expectation of seven analysts for the
quarter was for earnings of 73 cents per share.
    * Revenue fell 23.7% to $122.70 million from a year ago;
analysts
expected $128.46 million. 
    * Independent Bank Group Inc's reported EPS for the quarter
was 79
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.5%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Independent Bank Group Inc shares had fallen by 8.3% this
quarter and lost 39.6% so far this year.
    * The company reported quarterly net income of $32.78
million.
    * Wall Street's median 12-month price target for Independent
Bank
Group Inc is $46.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 23 at 10:37 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.28           1.20           Missed