Independent Financial Statements From 2010 to 2024

IBTX Stock  USD 45.65  0.13  0.28%   
Independent Bank financial statements provide useful quarterly and yearly information to potential Independent Bank Group investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Independent Bank financial statements helps investors assess Independent Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Independent Bank's valuation are summarized below:
Gross Profit
605.2 M
Profit Margin
0.0857
Market Capitalization
1.9 B
Revenue
503.9 M
Earnings Share
1.04
We have found one hundred twenty available fundamental trends for Independent Bank, which can be analyzed and compared to other ratios and to its competitors. All investors should make sure to confirm all of Independent Bank regular market performance against the performance between 2010 and 2024 to make sure the company can sustain itself down the road.
Check Independent Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent main balance sheet or income statement drivers, such as Depreciation And Amortization of 7.1 M, Interest Expense of 54.8 M or Selling General Administrative of 124.4 M, as well as many exotic indicators such as Short Term Coverage Ratios of 4.65, Price Earnings Ratio of 50.92 or Price To Sales Ratio of 2.16. Independent financial statements analysis is a perfect complement when working with Independent Bank Valuation or Volatility modules.
  
This module can also supplement Independent Bank's financial leverage analysis and stock options assessment as well as various Independent Bank Technical models . Check out the analysis of Independent Bank Correlation against competitors.
For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.

Independent Bank Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets10.1 B19 B9.2 B
Slightly volatile
Short and Long Term Debt Total486.9 M676.4 M445.6 M
Slightly volatile
Total Stockholder Equity1.4 B2.4 B1.3 B
Slightly volatile
Property Plant And Equipment Net185.8 M355.8 M170 M
Slightly volatile
Retained Earnings647.6 M616.7 M281.8 M
Slightly volatile
Cash666.1 M722.2 M609.5 M
Slightly volatile
Non Current Assets Total19.2 B18.3 B3.7 B
Slightly volatile
Other Assets7.8 B14.5 B7.6 B
Slightly volatile
Cash And Short Term Investments1.4 B1.7 B1.3 B
Slightly volatile
Good Will1.2 B1.1 B566.3 M
Slightly volatile
Common Stock Total Equity268.8 K473.8 K261.3 K
Slightly volatile
Common Stock Shares Outstanding28 M41.4 M25.6 M
Slightly volatile
Short Term Investments803.8 M1.6 B735.6 M
Slightly volatile
Liabilities And Stockholders Equity10.1 B19 B9.2 B
Slightly volatile
Non Current Liabilities Total13.8 B13.1 B3.2 B
Slightly volatile
Other Current Assets695.1 M731.7 M2.4 B
Very volatile
Other Stockholder Equity1.1 BBB
Slightly volatile
Total Liabilities8.7 B16.6 BB
Slightly volatile
Property Plant And Equipment Gross473.5 M451 M205.7 M
Slightly volatile
Total Current Assets695.1 M731.7 M3.1 B
Very volatile
Intangible Assets41 M50.6 M37.5 M
Slightly volatile
Common Stock282.1 K413 K258.1 K
Slightly volatile
Other Liabilities125.8 M119.8 M51.7 M
Slightly volatile
Accounts Payable18.3 B17.4 B7.4 B
Slightly volatile
Long Term Debt674.8 M642.7 M297.6 M
Slightly volatile
Inventory45.3 M43.1 M17 M
Pretty Stable
Property Plant Equipment458 M436.2 M199.2 M
Slightly volatile
Total Current LiabilitiesB3.5 B3.3 B
Pretty Stable
Net Tangible Assets907.3 M1.5 B751.4 M
Slightly volatile
Retained Earnings Total Equity770.8 M734.1 M307.6 M
Slightly volatile
Long Term Debt Total212.6 M369.7 M172.2 M
Slightly volatile
Capital Surpluse1.3 B2.3 B1.1 B
Slightly volatile
Long Term Investments1.7 B1.8 B3.8 B
Pretty Stable
Non Current Liabilities Other402.5 M494.6 M349.7 M
Slightly volatile
Short Term Debt32.1 M33.8 M181 M
Slightly volatile
Warrants19.2 M21.5 M23.5 M
Slightly volatile
Earning AssetsB1.8 B967.5 M
Slightly volatile
Net Invested Capital3.1 B3.1 B2.4 B
Slightly volatile
Capital Stock443.7 K413 K354.1 K
Slightly volatile

Independent Bank Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Depreciation And Amortization7.1 M12.4 M6.5 M
Slightly volatile
Interest Expense54.8 M56.4 M50.2 M
Slightly volatile
Selling General Administrative124.4 M203.6 M113.8 M
Slightly volatile
Selling And Marketing Expenses1.5 M2.6 M1.4 M
Slightly volatile
Total Revenue969.2 M923 M380.5 M
Slightly volatile
Gross Profit969.2 M923 M380.5 M
Slightly volatile
Operating Income432.3 M411.7 M185.6 M
Slightly volatile
EBITDA11.8 M12.4 M136.7 M
Slightly volatile
Income Before Tax49.7 M52.3 M110.8 M
Slightly volatile
Net Income41 M43.2 M85.3 M
Slightly volatile
Income Tax Expense8.7 M9.1 M25.8 M
Slightly volatile
Cost Of Revenue109.8 M104.5 M57.9 M
Slightly volatile
Net Income Applicable To Common Shares237 M225.7 M111.2 M
Slightly volatile
Net Income From Continuing Ops41 M43.2 M107.8 M
Slightly volatile
Non Recurring15.6 M14.8 M8.6 M
Slightly volatile
Tax Provision8.7 M9.1 M29.8 M
Slightly volatile
Net Interest Income426.1 M456.9 M312.2 M
Slightly volatile
Interest Income546.8 M871.7 M392.7 M
Slightly volatile
Reconciled Depreciation20.9 M30.9 M16.3 M
Slightly volatile

Independent Bank Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow91.4 M144.3 M83.6 M
Slightly volatile
Begin Period Cash Flow606.8 M654.3 M555.3 M
Slightly volatile
Depreciation14.2 M12.4 M13 M
Slightly volatile
Capital Expenditures24.6 M21 M22.5 M
Slightly volatile
Total Cash From Operating Activities116 M165.3 M106.1 M
Slightly volatile
Net Income41 M43.2 M86 M
Slightly volatile
End Period Cash Flow658.9 M722 M603 M
Slightly volatile
Stock Based Compensation7.7 M7.5 M8.8 M
Pretty Stable

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Short Term Coverage Ratios4.654.896910.7065
Slightly volatile
Price Earnings Ratio50.9248.493922.3943
Pretty Stable
Price To Sales Ratio2.162.26974.3403
Slightly volatile
Dividend Yield0.03140.02990.0178
Slightly volatile
Price Book Value Ratio1.690.8721.5477
Slightly volatile
Operating Cash Flow Per Share2.874.01383.5384
Slightly volatile
Dividend Payout Ratio1.521.45150.4428
Slightly volatile
Price To Operating Cash Flows Ratio15.9212.676214.5631
Slightly volatile
Free Cash Flow Per Share2.243.50432.7643
Slightly volatile
Price To Free Cash Flows Ratio26.3914.519324.1541
Slightly volatile
Pretax Profit Margin0.05380.05670.3213
Pretty Stable
Ebt Per Ebit0.50.620.6313
Slightly volatile
Operating Profit Margin0.570.670.5294
Pretty Stable
Effective Tax Rate0.290.17430.2657
Slightly volatile
Company Equity Multiplier9.927.92279.0808
Slightly volatile
Long Term Debt To Capitalization0.40.21970.3642
Slightly volatile
Cash Per Share34.5456.247442.592
Slightly volatile
Total Debt To Capitalization0.40.22820.3658
Slightly volatile
Interest Coverage2.573.333.1765
Pretty Stable
Return On Capital Employed0.01580.03020.0203
Pretty Stable
Payout Ratio1.521.45150.4428
Slightly volatile
Debt Equity Ratio0.280.29560.6633
Slightly volatile
Ebit Per Revenue0.570.670.5294
Pretty Stable
Quick Ratio0.620.65693.7845
Very volatile
Net Income Per E B T0.590.82570.7263
Slightly volatile
Cash Ratio0.190.204644.4593
Pretty Stable
Operating Cash Flow Sales Ratio0.260.17910.3156
Very volatile
Free Cash Flow Operating Cash Flow Ratio0.610.87310.7488
Pretty Stable
Cash Flow Coverage Ratios0.170.23270.2098
Slightly volatile
Price To Book Ratio1.690.8721.5477
Slightly volatile
Current Ratio0.20.207293.7266
Very volatile
Fixed Asset Turnover1.412.5941.7376
Slightly volatile
Price Cash Flow Ratio15.9212.676214.5631
Slightly volatile
Enterprise Value Multiple17316530.1744
Slightly volatile
Debt Ratio0.03540.03730.0672
Slightly volatile
Cash Flow To Debt Ratio0.170.23270.2098
Slightly volatile
Price Sales Ratio2.162.26974.3403
Slightly volatile
Return On Assets0.00220.00230.0088
Pretty Stable
Asset Turnover0.0410.04850.0375
Very volatile
Net Profit Margin0.04450.04680.2418
Very volatile
Price Fair Value1.690.8721.5477
Slightly volatile
Return On Equity0.01710.0180.0774
Slightly volatile

Independent Fundamental Market Drivers

Forward Price Earnings15.456
Cash And Short Term Investments1.7 B

Independent Upcoming Events

22nd of April 2024
Upcoming Quarterly Report
View
22nd of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
27th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Independent Bank Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Independent Bank income statement, its balance sheet, and the statement of cash flows. Independent Bank investors use historical funamental indicators, such as Independent Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Independent Bank investors may use each financial statement separately, they are all related. The changes in Independent Bank's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independent Bank's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Independent Bank Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independent Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2024
Total Revenue923 M969.2 M
Cost Of Revenue104.5 M109.8 M
Ebit Per Revenue 0.67  0.57 

Independent Bank Investors Sentiment

The influence of Independent Bank's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Independent. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Independent Bank's public news can be used to forecast risks associated with an investment in Independent. The trend in average sentiment can be used to explain how an investor holding Independent can time the market purely based on public headlines and social activities around Independent Bank Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Independent Bank's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Independent Bank's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Independent Bank's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Independent Bank.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Independent Bank in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Independent Bank's short interest history, or implied volatility extrapolated from Independent Bank options trading.

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When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Group Stock:
Check out the analysis of Independent Bank Correlation against competitors.
For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.
You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.

Complementary Tools for Independent Stock analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.
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Is Independent Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
1.52
Earnings Share
1.04
Revenue Per Share
12.237
Quarterly Revenue Growth
(0.24)
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.