Independent Bank (IBTX) Company Overview

NEW YORK , Dec. 30, 2024 /PRNewswire/ -- Acadia Pharmaceuticals Inc. (NASD: ACAD) will replace Independent Bank Group Inc. (NASD: IBTX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, January 3, 2025. S&P MidCap 400 constituent SouthState Corp. (NYSE: SSB) is acquiring Independent Bank Group in a deal expected to close soon pending final conditions.

Although the revenue and EPS for Independent Bank Group (IBTX) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Independent Bank Group (IBTX) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.79 per share a year ago.

MCKINNEY, Texas--(BUSINESS WIRE)--Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $20.4 million, or $0.49 per diluted share, for the quarter ended September 30, 2024, compared to $32.8 million, or $0.79 per diluted share for the quarter ended September 30, 2023 and net loss of $493,455 or ($11.93) per diluted share for the quarter ended June 30, 2024. Adjusted (non-GAAP) net income for the quarter ended September 30, 2024 was $20.6 million, or $0.50 per diluted share,.

Independent Bank Group (IBTX) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.82 per share a year ago.

NEW YORK , May 20, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Independent Bank Group, Inc. (NASDAQ: IBTX) and its board of directors concerning the proposed acquisition of the company by SouthState Corporation (NYSE: SSB). Stockholders will receive 0.60 shares of SouthState common stock for each share of Independent Bank Group stock that they hold.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Independent Bank Group, Inc. (NASDAQ: IBTX) to SouthState Corporation for 0.60 shares of SouthState common stock for each outstanding share of Independent Bank common stock is fair to Independent Bank shareholders. Halper Sadeh encourages Independent Bank shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763.

In addition to examining Wall Street's forecasts for Independent Bank Group (IBTX) earnings and revenue, it is important to also analyze projections for its key performance indicators to better assess the company's performance in the first quarter of 2024.

Independent Bank Group (IBTX) lacks the necessary elements for a potential earnings surpass in its upcoming report. Be ready with the essential expectations.