Independent Bank Group, Inc (NASDAQ:IBTX) is reporting second quarter earnings results on Monday 27th July 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.89 per share.
For the full year, analysts predict revenues of $ 576.08 million, while looking forward to income of $ 3.78 per share.
Previous Quarter Performance
Independent Bank Group, Inc unfold income for the first quarter of $ 1.01 per share, from the revenue of $ 136.41 million. The quarterly earnings up 18.82 percent while revenues reduced 1.30 percent compared with the same quarter last year.
Wall street analysts are predicting, IBTX to report 1Q20 income of $ 1.06 per share from revenue of $ 141.29 million. The bottom line results missed street analysts by $ 0.05 or 4.72 percent, at the same time, top line results fell short of analysts by $ 4.88 million or 3.45 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IBTX was $ 42.76, representing a 110.12 % increase from the 52 week low of $ 20.35 and a 32.3 % decrease over the 52 week high of $ 63.16.
The company has a market capital of $ 1.84 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.25 per share on April 29, 2020. The dividend were payable on May 21, 2020 to holders of record as of the close of business on May 11, 2020 and ex-dividend date on May 8, 2020.
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products, including demand deposits, money market accounts, and certificates of deposit.
