Back to top

Image: Bigstock

Independent Bank Group (IBTX) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Read MoreHide Full Article

Independent Bank Group (IBTX - Free Report) reported $140.68 million in revenue for the quarter ended March 2023, representing a year-over-year decline of 2.3%. EPS of $1.07 for the same period compares to $1.22 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $149.58 million, representing a surprise of -5.95%. The company delivered an EPS surprise of -2.73%, with the consensus EPS estimate being $1.10.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Independent Bank Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Efficiency Ratio: 132.41% versus 58.33% estimated by four analysts on average.
  • Net interest margin: 3.17% versus 3.45% estimated by four analysts on average.
  • Net charge-offs to average loans: 0.04% versus 0.06% estimated by three analysts on average.
  • Net Interest Income: $127.92 million compared to the $137.98 million average estimate based on four analysts.
  • Total Noninterest Income: $12.75 million versus $12.68 million estimated by four analysts on average.
  • Net Interest Income (FTE): $128.96 million versus $138.83 million estimated by three analysts on average.
View all Key Company Metrics for Independent Bank Group here>>>

Shares of Independent Bank Group have returned -10.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

Independent Bank Group, Inc (IBTX) - free report >>

Published in