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IBTX - Independent Bank EPS beats by $0.02 misses on revenue
Independent Bank Group Inc
Independent Bank (IBTX): Q2 GAAP EPS of $1.35 beats by $0.02.Revenue of $145.22M (-5.5% Y/Y) misses by $2.11M.Solid organic loan growth of 12.4% annualized for the quarter.Improved credit metrics with nonperforming assets of 0.29% of total assets.Strong capital levels with an estimated total capital ratio of 14.23%, leverage ratio of 9.03%, and adj. tangible common equity ratio of 8.45%.Board of Directors increased the quarterly cash dividend to $0.34 per share of common stock.Press Release