IBTX - Independent Bank Non-GAAP EPS of $1.20 misses by $0.07 revenue of $153.01M misses by $8.78M
- Independent Bank press release ( NASDAQ: IBTX ): Q4 Non-GAAP EPS of $1.20 misses by $0.07 .
- Revenue of $153.01M (+3.6% Y/Y) misses by $8.78M .
- Net interest income was $141.8 million for fourth quarter 2022 compared to $132.7 million for fourth quarter 2021 and $147.3 million for third quarter 2022.
- Total noninterest income decreased $3.9 million compared to fourth quarter 2021 and $2.3 million compared to third quarter 2022.
- The Company recorded $2.8 million provision for credit losses for fourth quarter 2022, compared to zero provision expense for fourth quarter 2021 and $3.1 million provision for the linked quarter.
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Independent Bank Non-GAAP EPS of $1.20 misses by $0.07, revenue of $153.01M misses by $8.78M