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Compared to Estimates, Independent Bank Group (IBTX) Q2 Earnings: A Look at Key Metrics
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Independent Bank Group (IBTX - Free Report) reported $118.58 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.1%. EPS of $0.60 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $120.25 million, representing a surprise of -1.39%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
Net interest margin: 2.5% versus the four-analyst average estimate of 2.5%.
Average Balance - Total interest earning assets: $17.10 billion versus the three-analyst average estimate of $17.10 billion.
Net charge-offs to average loans: 0.1% versus the three-analyst average estimate of 0.1%.
Nonperforming loans: $56.10 million versus the two-analyst average estimate of $56.81 million.
Nonperforming assets: $64.90 million compared to the $67.87 million average estimate based on two analysts.
Net Interest Income: $105.15 million versus the four-analyst average estimate of $106.65 million.
Total Noninterest Income: $13.43 million compared to the $13.58 million average estimate based on four analysts.
Net Interest Income (FTE): $106.22 million versus the three-analyst average estimate of $107.70 million.
Shares of Independent Bank Group have returned +29.1% over the past month versus the Zacks S&P 500 composite's +1.8% 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.
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Compared to Estimates, Independent Bank Group (IBTX) Q2 Earnings: A Look at Key Metrics
Independent Bank Group (IBTX - Free Report) reported $118.58 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 7.1%. EPS of $0.60 for the same period compares to $0.82 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $120.25 million, representing a surprise of -1.39%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.57.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
- Net interest margin: 2.5% versus the four-analyst average estimate of 2.5%.
- Average Balance - Total interest earning assets: $17.10 billion versus the three-analyst average estimate of $17.10 billion.
- Net charge-offs to average loans: 0.1% versus the three-analyst average estimate of 0.1%.
- Nonperforming loans: $56.10 million versus the two-analyst average estimate of $56.81 million.
- Nonperforming assets: $64.90 million compared to the $67.87 million average estimate based on two analysts.
- Net Interest Income: $105.15 million versus the four-analyst average estimate of $106.65 million.
- Total Noninterest Income: $13.43 million compared to the $13.58 million average estimate based on four analysts.
- Net Interest Income (FTE): $106.22 million versus the three-analyst average estimate of $107.70 million.
View all Key Company Metrics for Independent Bank Group here>>>Shares of Independent Bank Group have returned +29.1% over the past month versus the Zacks S&P 500 composite's +1.8% 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.