Independent Bank Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 24, 2023 at 02:30 am IST
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Independent Bank Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 109.05 million compared to USD 147.27 million a year ago. Net income was USD 32.78 million compared to USD 52.44 million a year ago. Basic earnings per share was USD 0.79 compared to USD 1.27 a year ago. Diluted earnings per share was USD 0.79 compared to USD 1.27 a year ago.
For the nine months, net interest income was USD 350.58 million compared to USD 416.42 million a year ago. Net income was USD 28.34 million compared to USD 155.54 million a year ago.
Independent Bank Group, Inc. is a bank holding company. The Company, through its subsidiary, Independent Bank, a Texas state-chartered bank, doing business as Independent Financial, provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, including medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. It provides a full range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, e-statements and bank-by-mail and direct deposit services.
INDEPENDENT BANK GROUP, INC. 
