Independent Bank Group Quarterly Income Statements Chart
Quarterly
|
Annual
Independent Bank Group Quarterly Income Statements Table
Quarterly
|
Annual
| Unit: USD | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| interest income: | |||||||||||||||||||||||
| interest and fees on loans | 221,169,000 | 219,291,000 | 215,511,000 | 212,028,000 | 202,725,000 | 193,612,000 | 184,294,000 | 174,445,000 | 160,160,000 | 138,426,000 | 129,179,000 | 135,619,000 | 134,540,000 | 137,620,000 | 140,152,000 | 144,437,000 | 144,138,000 | 143,405,000 | 147,105,000 | 153,963,000 | 154,664,000 | 157,431,000 | 145,531,000 |
| interest on taxable securities | 7,174,000 | 8,032,000 | 7,645,000 | 8,424,000 | 7,674,000 | 7,791,000 | 7,858,000 | 8,036,000 | 8,306,000 | 8,243,000 | 8,359,000 | 6,686,000 | 6,059,000 | 5,252,000 | 4,757,000 | 4,651,000 | 4,507,000 | 4,828,000 | 5,164,000 | 5,223,000 | 5,374,000 | 5,277,000 | 5,450,000 |
| interest on nontaxable securities | 2,482,000 | 2,524,000 | 2,518,000 | 2,532,000 | 2,558,000 | 2,586,000 | 2,603,000 | 2,631,000 | 2,655,000 | 2,741,000 | 2,333,000 | 2,137,000 | 2,077,000 | 2,061,000 | 2,069,000 | 2,113,000 | 2,126,000 | 2,168,000 | 2,065,000 | 2,056,000 | 2,074,000 | 2,127,000 | 2,225,000 |
| interest on interest-bearing deposits and other | 10,891,000 | 9,238,000 | 9,531,000 | 9,538,000 | 9,787,000 | 11,305,000 | 6,421,000 | 4,657,000 | 2,566,000 | 1,286,000 | 994,000 | 1,512,000 | 1,356,000 | 872,000 | 793,000 | 861,000 | 1,027,000 | 840,000 | 2,071,000 | 3,144,000 | 3,195,000 | 2,828,000 | 2,370,000 |
| total interest income | 241,716,000 | 239,085,000 | 235,205,000 | 232,522,000 | 222,744,000 | 215,294,000 | 201,176,000 | 189,769,000 | 173,687,000 | 150,696,000 | 140,865,000 | 145,954,000 | 144,032,000 | 145,805,000 | 147,771,000 | 152,062,000 | 151,798,000 | 151,241,000 | 156,405,000 | 164,386,000 | 165,307,000 | 167,663,000 | 155,576,000 |
| interest expense: | |||||||||||||||||||||||
| interest on deposits | 127,075,000 | 125,248,000 | 122,510,000 | 115,400,000 | 102,600,000 | 78,144,000 | 62,261,000 | 42,322,000 | 21,586,000 | 8,110,000 | 5,610,000 | 8,858,000 | 10,847,000 | 11,487,000 | 13,007,000 | 14,189,000 | 15,679,000 | 18,327,000 | 28,071,000 | 30,834,000 | 33,386,000 | 31,322,000 | 27,842,000 |
| interest on fhlb advances | 1,750,000 | 2,855,000 | 5,802,000 | 6,054,000 | 18,025,000 | 5,824,000 | 1,231,000 | 443,000 | 164,000 | 179,000 | 505,000 | 463,000 | 537,000 | 533,000 | 541,000 | 714,000 | 1,289,000 | 1,626,000 | 1,849,000 | 2,730,000 | 2,984,000 | 2,610,000 | |
| interest on other borrowings | 6,573,000 | 5,716,000 | 5,582,000 | 3,770,000 | 3,808,000 | 4,361,000 | 4,079,000 | 3,465,000 | 3,635,000 | 3,869,000 | 3,482,000 | 3,504,000 | 3,640,000 | 4,043,000 | 4,060,000 | 4,054,000 | 2,928,000 | 2,685,000 | |||||
| interest on junior subordinated debentures | 1,230,000 | 1,223,000 | 1,227,000 | 1,245,000 | 1,233,000 | 1,157,000 | 1,090,000 | 964,000 | 749,000 | 554,000 | 446,000 | 436,000 | 437,000 | 441,000 | 442,000 | 452,000 | 470,000 | 568,000 | 672,000 | 718,000 | 762,000 | 791,000 | 757,000 |
| total interest expense | 134,878,000 | 133,937,000 | 132,174,000 | 126,217,000 | 113,695,000 | 101,687,000 | 73,254,000 | 47,982,000 | 26,413,000 | 12,697,000 | 9,717,000 | 13,303,000 | 15,387,000 | 16,508,000 | 18,042,000 | 19,236,000 | 19,791,000 | 22,869,000 | 33,164,000 | 36,317,000 | 39,914,000 | 38,020,000 | 33,924,000 |
| net interest income | 106,838,000 | 105,148,000 | 103,031,000 | 106,305,000 | 109,049,000 | 113,607,000 | 127,922,000 | 141,787,000 | 147,274,000 | 137,999,000 | 131,148,000 | 132,651,000 | 128,645,000 | 129,297,000 | 129,729,000 | 132,826,000 | 132,007,000 | 128,372,000 | 123,241,000 | 128,069,000 | 125,393,000 | 129,643,000 | 121,652,000 |
| benefit from credit losses | 4,700,000 | -3,200,000 | 3,480,000 | 340,000 | 220,000 | 90,000 | 2,833,000 | 3,100,000 | -1,443,000 | -6,500,000 | -2,500,000 | ||||||||||||
| net interest income after benefit from credit losses | 102,138,000 | 105,148,000 | 106,231,000 | 102,825,000 | 108,709,000 | 113,387,000 | 127,832,000 | 138,954,000 | 144,174,000 | 137,999,000 | 132,591,000 | 132,651,000 | 128,645,000 | 135,797,000 | 132,229,000 | ||||||||
| noninterest income: | |||||||||||||||||||||||
| service charges on deposit accounts | 3,617,000 | 3,586,000 | 3,600,000 | 3,522,000 | 3,568,000 | 3,519,000 | 3,349,000 | 3,208,000 | 3,194,000 | 3,050,000 | 2,752,000 | 2,712,000 | 2,619,000 | 2,250,000 | 2,261,000 | 2,422,000 | 2,173,000 | 4,849,000 | 5,542,000 | 5,891,000 | 6,100,000 | 6,164,000 | 5,910,000 |
| investment management fees | 2,765,000 | 2,813,000 | 2,644,000 | 2,435,000 | 2,470,000 | 2,444,000 | 2,301,000 | 2,148,000 | 2,156,000 | 2,391,000 | 2,451,000 | 2,247,000 | 2,210,000 | 2,086,000 | 2,043,000 | ||||||||
| mortgage banking revenue | 1,682,000 | 1,540,000 | 1,635,000 | 1,357,000 | 1,774,000 | 2,248,000 | 1,624,000 | 1,243,000 | 2,179,000 | 2,490,000 | 3,026,000 | 4,443,000 | 5,982,000 | 5,237,000 | 7,495,000 | 8,765,000 | 14,722,000 | 10,479,000 | 2,525,000 | 3,842,000 | 4,824,000 | 3,702,000 | 3,093,000 |
| mortgage warehouse purchase program fees | 617,000 | 655,000 | 540,000 | 478,000 | 555,000 | 535,000 | 324,000 | 391,000 | 596,000 | 731,000 | 958,000 | ||||||||||||
| gain on sale of loans | 74,000 | -343,000 | -17,000 | 30,000 | 26,000 | -291,000 | 689,000 | 6,779,000 | |||||||||||||||
| gain on sale of other real estate | 13,000 | 63,000 | -73,000 | 12,000 | 25,000 | 24,000 | 539,000 | 312,000 | |||||||||||||||
| gain on sale and disposal of premises and equipment | -9,000 | -11,000 | -22,000 | -56,000 | 354,000 | 47,000 | -243,000 | -41,000 | -13,000 | 59,000 | 34,000 | 340,000 | -63,000 | -146,250 | -315,000 | ||||||||
| increase in cash surrender value of boli | 1,652,000 | 1,572,000 | 1,555,000 | 1,516,000 | 1,465,000 | 1,410,000 | 1,377,000 | 1,384,000 | 1,350,000 | 1,327,000 | 1,310,000 | 1,368,000 | 1,282,000 | 1,287,000 | 1,272,000 | 1,340,000 | 1,335,000 | 1,331,000 | 1,341,000 | 1,390,000 | 1,402,000 | 1,374,000 | 1,359,000 |
| other | 3,137,000 | 3,278,000 | 2,809,000 | 3,125,000 | 3,877,000 | 3,592,000 | 3,732,000 | 3,380,000 | 4,103,000 | 3,951,000 | 4,035,000 | -2,392,000 | 4,781,000 | 5,053,000 | 5,545,000 | 5,700,000 | 4,977,000 | 6,003,000 | 2,841,000 | 3,661,000 | 3,949,000 | 2,384,000 | 3,589,000 |
| total noninterest income | 13,461,000 | 13,433,000 | 12,870,000 | 10,614,000 | 13,646,000 | 14,095,000 | 12,754,000 | 11,227,000 | 13,477,000 | 13,877,000 | 12,885,000 | 15,086,000 | 16,896,000 | 15,926,000 | 18,609,000 | 19,912,000 | 25,165,000 | 25,375,000 | 14,511,000 | 18,229,000 | 27,324,000 | 16,199,000 | 16,424,000 |
| noninterest expense: | |||||||||||||||||||||||
| salaries and employee benefits | 50,039,000 | 49,060,000 | 47,333,000 | 44,612,000 | 43,618,000 | 46,940,000 | 46,275,000 | 57,250,000 | 54,152,000 | 51,130,000 | 49,555,000 | 46,268,000 | 46,572,000 | 43,837,000 | 43,659,000 | 42,199,000 | 42,253,000 | 34,428,000 | 38,660,000 | 42,126,000 | 37,645,000 | 40,532,000 | 42,380,000 |
| occupancy | 12,326,000 | 12,076,000 | 12,549,000 | 11,823,000 | 12,408,000 | 11,640,000 | 11,559,000 | 11,412,000 | 11,493,000 | 10,033,000 | 10,000,000 | 9,972,000 | 10,258,000 | 10,852,000 | 9,606,000 | 10,078,000 | 9,717,000 | 9,378,000 | 10,037,000 | 9,676,000 | 9,402,000 | 9,585,000 | 8,991,000 |
| communications and technology | 7,937,000 | 7,676,000 | 7,685,000 | 7,511,000 | 6,916,000 | 7,196,000 | 7,090,000 | 6,661,000 | 6,545,000 | 5,830,000 | 5,901,000 | 5,759,000 | 5,479,000 | 5,581,000 | 5,536,000 | 5,920,000 | 5,716,000 | 5,925,000 | 5,552,000 | ||||
| fdic assessment | 4,196,000 | 2,816,000 | 6,142,000 | 11,982,000 | 3,653,000 | 3,806,000 | 2,712,000 | 2,052,000 | 1,749,000 | 1,589,000 | 1,493,000 | 1,366,000 | 1,327,000 | 1,467,000 | 1,705,000 | 1,574,000 | 1,597,000 | 1,989,000 | 1,752,000 | 994,000 | -2,139,000 | 962,000 | 1,248,000 |
| advertising and public relations | 479,000 | 853,000 | 415,000 | 412,000 | 587,000 | 1,004,000 | 604,000 | 523,000 | 424,000 | 703,000 | 456,000 | 217,000 | 266,000 | 376,000 | 238,000 | 451,000 | 492,000 | 862,000 | 611,000 | 585,000 | 467,000 | 812,000 | 663,000 |
| other real estate owned expenses (income) | 141,000 | 65,000 | |||||||||||||||||||||
| impairment of other real estate | 345,000 | 3,015,000 | 1,000,000 | 1,200,000 | 46,000 | 738,000 | 377,000 | 988,000 | 436,000 | ||||||||||||||
| amortization of other intangible assets | 2,893,000 | 2,953,000 | 3,075,000 | 3,106,000 | 3,111,000 | 3,111,000 | 3,111,000 | 3,111,000 | 3,117,000 | 3,118,000 | 3,145,000 | 3,145,000 | 3,145,000 | 3,145,000 | 3,145,000 | 3,145,000 | 3,175,000 | 3,175,000 | 3,176,000 | 3,175,000 | 3,235,000 | 3,235,000 | 3,235,000 |
| litigation settlement | 102,500,000 | ||||||||||||||||||||||
| professional fees | 1,296,000 | 1,301,000 | 1,809,000 | 1,837,000 | 1,262,000 | 1,785,000 | 3,065,000 | 4,581,000 | 3,457,000 | 4,094,000 | 3,439,000 | 3,558,000 | 4,546,000 | 3,756,000 | 3,670,000 | 3,364,000 | 2,871,000 | 2,181,000 | 4,214,000 | 3,165,000 | 2,057,000 | 1,544,000 | 1,170,000 |
| acquisition expense, including legal | 460,000 | 2,338,000 | 47,000 | 15,629,000 | 549,000 | 5,270,000 | 9,465,000 | 3,723,000 | 14,987,000 | ||||||||||||||
| goodwill impairment | 518,000,000 | ||||||||||||||||||||||
| total noninterest expense | 89,896,000 | 606,911,000 | 88,473,000 | 95,125,000 | 81,334,000 | 85,705,000 | 189,380,000 | 98,774,000 | 91,733,000 | 85,925,000 | 82,457,000 | 79,908,000 | 80,572,000 | 78,013,000 | 75,113,000 | 75,227,000 | 73,409,000 | 83,030,000 | 74,368,000 | 80,343,000 | 76,948,000 | 77,978,000 | 86,595,000 |
| income before taxes | 25,703,000 | -488,330,000 | 30,628,000 | 18,314,000 | 41,021,000 | 41,777,000 | -48,794,000 | 51,407,000 | 65,918,000 | 65,951,000 | 63,019,000 | 67,829,000 | 64,969,000 | 73,710,000 | 75,725,000 | 73,640,000 | 76,143,000 | 47,596,000 | 55,003,000 | 64,346,000 | 70,536,000 | 63,125,000 | 48,257,000 |
| income tax expense | 5,266,000 | 3,455,000 | 8,246,000 | 10,653,000 | 13,481,000 | 13,591,000 | 12,279,000 | 13,642,000 | 12,629,000 | 15,467,000 | 15,745,000 | 15,366,000 | 16,068,000 | 8,903,000 | 10,836,000 | 14,110,000 | 14,903,000 | 13,389,000 | 11,126,000 | ||||
| net income | 20,437,000 | -493,455,000 | 24,150,000 | 14,859,000 | 32,775,000 | 33,077,000 | -37,510,000 | 40,754,000 | 52,437,000 | 52,360,000 | 50,740,000 | 54,187,000 | 52,340,000 | 58,243,000 | 59,980,000 | 58,274,000 | 60,075,000 | 38,693,000 | 44,167,000 | 50,236,000 | 55,633,000 | 49,736,000 | 37,131,000 |
| yoy | -37.64% | -1591.84% | -164.38% | -63.54% | -37.50% | -36.83% | -173.93% | -24.79% | 0.19% | -10.10% | -15.41% | -7.01% | -12.88% | 50.53% | 35.80% | 16.00% | 7.98% | -22.20% | 18.95% | ||||
| qoq | -104.14% | -2143.29% | 62.53% | -54.66% | -0.91% | -188.18% | -192.04% | -22.28% | 0.15% | 3.19% | -6.36% | 3.53% | -10.14% | -2.90% | 2.93% | -3.00% | 55.26% | -12.39% | -12.08% | -9.70% | 11.86% | 33.95% | |
| net income margin % | |||||||||||||||||||||||
| basic earnings per share | 0.49 | -11.93 | 0.58 | 0.36 | 0.79 | 0.8 | -0.91 | 1 | 1.27 | 1.25 | 1.19 | 1.27 | 1.22 | 1.35 | 1.39 | 1.35 | 1.39 | 0.9 | 1.03 | 1.17 | 1.3 | 1.15 | 0.85 |
| diluted earnings per share | 0.49 | -11.93 | 0.58 | 0.35 | 0.79 | 0.8 | -0.91 | 0.99 | 1.27 | 1.25 | 1.18 | 1.26 | 1.21 | 1.35 | 1.39 | 1.36 | 1.39 | 0.9 | 1.03 | 1.17 | 1.3 | 1.15 | 0.85 |
| other real estate owned incomes | -37,000 | -28,000 | -253,000 | -185,000 | |||||||||||||||||||
| income tax benefit | 5,125,000 | 6,478,000 | 8,700,000 | ||||||||||||||||||||
| loss on sale of loans | -3,500 | -7,000 | -7,000 | -1,484,000 | -42,000 | ||||||||||||||||||
| other real estate owned expenses | -44,000 | -168,000 | 133,000 | 66,000 | -8,000 | 4,000 | 8,000 | 28,000 | 43,000 | 42,000 | 374,000 | 116,000 | 152,000 | 79,000 | 71,000 | ||||||||
| income tax (benefit) expense | -11,284,000 | ||||||||||||||||||||||
| loss on sale and disposal of premises and equipment | -77,500 | -101,000 | -46,000 | -163,000 | -7,000 | ||||||||||||||||||
| gain on sale of securities available for sale | 26,000 | 356,000 | 10,000 | 20,000 | 245,000 | ||||||||||||||||||
| benefit from loan losses | 3,871,000 | 7,620,000 | 23,121,000 | 8,381,000 | 1,609,000 | 5,233,000 | 4,739,000 | 3,224,000 | |||||||||||||||
| net interest income after benefit from loan losses | 128,955,000 | 124,387,000 | 105,251,000 | 114,860,000 | 126,460,000 | 120,160,000 | 124,904,000 | 118,428,000 | |||||||||||||||
| investment management and trust | 1,990,000 | 1,924,000 | 1,646,000 | 1,986,000 | 2,092,000 | 2,497,000 | 2,522,000 | 2,219,000 | |||||||||||||||
| gain on sale of branch | 387,250 | 1,549,000 | |||||||||||||||||||||
| interest on other borrowings and repurchase agreements | 2,795,000 | 2,916,000 | 3,036,000 | 2,923,000 | 2,715,000 | ||||||||||||||||||
| data processing | 4,415,000 | 4,470,000 | 4,449,000 | 3,769,000 | |||||||||||||||||||
| communications | 1,235,000 | 1,288,000 | 1,327,000 | 1,295,000 | |||||||||||||||||||
| loss on sale of premises and equipment | -279,000 | ||||||||||||||||||||||
| gain on sale of premises and equipment | 9,000 |
We provide you with 20 years income statements for Independent Bank Group stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Independent Bank Group stock. Explore the full financial landscape of Independent Bank Group stock with our expertly curated income statements.
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