Independent Bank (IBTX)

IBG Real Estate Holdings • IBG Aircraft Company • Preston Grand, Inc. • McKinney Avenue Holdings, Inc. • Private Capital Management, LLC • Community Group ...

IRS number

134219346

IBTX stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Keefe, Bruyette & Woods

Latest filings (excl ownership)

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15-12G

Securities registration termination

13 Jan 25

15-12G

Securities registration termination

13 Jan 25

15-12G

Securities registration termination

13 Jan 25

POSASR

Automatic shelf registration (post-effective amendment)

3 Jan 25

S-8 POS

Registration of securities for employees (post-effective amendment)

2 Jan 25

S-8 POS

Registration of securities for employees (post-effective amendment)

2 Jan 25

S-8 POS

Registration of securities for employees (post-effective amendment)

2 Jan 25

S-8 POS

Registration of securities for employees (post-effective amendment)

2 Jan 25

S-8 POS

Registration of securities for employees (post-effective amendment)

Transcripts

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IBTX

Earnings call transcript

2024 Q1

23 Apr 24

IBTX

Earnings call transcript

2023 Q4

23 Jan 24

IBTX

Earnings call transcript

2023 Q3

24 Oct 23

IBTX

Earnings call transcript

2023 Q2

25 Jul 23

IBTX

Earnings call transcript

2023 Q2

25 Jul 23

IBTX

Earnings call transcript

2023 Q1

25 Apr 23

IBTX

Earnings call transcript

2023 Q1

20 Apr 23

IBTX

Earnings call transcript

2022 Q4

24 Jan 23

IBTX

Earnings call transcript

2022 Q3

25 Oct 22

IBTX

Earnings call transcript

2022 Q2

26 Jul 22

Latest ownership filings

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John Webb Jennings III

Financial summary

Financial statements Chart IBTX financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.35 bn	1.35 bn	1.35 bn	1.35 bn	1.35 bn	1.35 bn
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	34.47 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	n/a	146.82 mm	n/a	n/a
Cash remaining	n/a	n/a	n/a	1.20 bn	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	34.8	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

IBTX institutional ownership history Ownership history

80.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	207	195	+6.2%
Opened positions	34	27	+25.9%
Closed positions	22	41	-46.3%
Increased positions	57	66	-13.6%
Reduced positions	73	70	+4.3%

13F shares	Current	Prev Q	Change
Total value	1.82 tn	1.42 tn	+28.2%
Total shares	33.36 mm	32.96 mm	+1.2%
Total puts	6.80 k	6.60 k	+3.0%
Total calls	6.00 k	18.90 k	-68.3%
Total put/call ratio	1.1	0.3	+224.5%

Largest owners	Shares	Value	Change
BlackRock	5.69 mm	$327.88 bn	NEW
Vanguard	4.13 mm	$238.06 bn	+0.3%
FMR	3.73 mm	$214.82 bn	+8.1%
Dimensional Fund Advisors	2.42 mm	$139.78 bn	+4.6%
STT State Street	1.92 mm	$110.80 bn	-4.7%
MQBKY Macquarie Group Limited	1.10 mm	$63.35 bn	-2.2%
Lee Thomas H	1.10 mm	$80.18 mm	0.0%
FJ Capital Management	986.85 k	$56.90 bn	-8.6%
GS The Goldman Sachs Group, Inc.	964.94 k	$55.64 bn	+80.4%
Geode Capital Management	879.08 k	$50.70 bn	+1.8%

Largest transactions	Shares	Bought/sold	Change
BlackRock	5.69 mm	+5.69 mm	NEW
BLK BlackRock	0.00	-5.65 mm	EXIT
Capital International Investors	802.86 k	+802.86 k	NEW
GS The Goldman Sachs Group, Inc.	964.94 k	+430.03 k	+80.4%
FMR	3.73 mm	+279.11 k	+8.1%
Adage Capital Partners GP, L.L.C.	0.00	-262.83 k	EXIT
Peregrine Capital Management	0.00	-162.25 k	EXIT
American Century Companies	208.06 k	+143.23 k	+220.9%
Silver Lake Advisory	0.00	-120.64 k	EXIT
Balyasny Asset Management	217.21 k	-108.00 k	-33.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

IBTX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jan 25	Paul B Langdale	Common Stock	Sale back to company	Dispose D	No	No	0	16,061	0.00	0
1 Jan 25	Brooks David R	Common Stock	Sale back to company	Dispose D	Yes	No	0	545,977	0.00	0
1 Jan 25	Brooks David R	Common Stock	Sale back to company	Dispose D	Yes	No	0	30,000	0.00	0
1 Jan 25	Brooks David R	Common Stock	Sale back to company	Dispose D	Yes	No	0	30,000	0.00	0
1 Jan 25	Brooks David R	Common Stock	Sale back to company	Dispose D	No	No	0	107,400	0.00	0
1 Jan 25	Brooks David R	Common Stock	Payment of exercise	Dispose F	No	No	60.67	23,901	1.45 mm	107,400
1 Jan 25	Brooks David R	Common Stock	Grant	Acquire A	No	No	0	38,159	0.00	131,301
1 Jan 25	Brooks Daniel W	Common Stock	Sale back to company	Dispose D	Yes	No	0	3,306	0.00	0
1 Jan 25	Brooks Daniel W	Common Stock	Sale back to company	Dispose D	No	No	0	127,872	0.00	0
1 Jan 25	Brooks Daniel W	Common Stock	Payment of exercise	Dispose F	No	No	60.67	6,122	371.42 k	127,872

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Acadia Pharmaceuticals To Replace Independent Bank Group In S&P SmallCap 600, Effective Prior To Opening Of Trading On January 3, 2025

30 Dec 24

S&P MidCap 400 constituent SouthState Corp. is acquiring Independent Bank Group in a deal expected to close soon pending final conditions.

Expert Outlook: Independent Bank Gr Through The Eyes Of 4 Analysts

4 Dec 24

Keefe, Bruyette & Woods Maintains Outperform on Independent Bank Gr, Raises Price Target to $81

4 Dec 24

Keefe, Bruyette & Woods analyst Catherine Mealor maintains Independent Bank Gr (NASDAQ:IBTX) with a Outperform and raises the price target from $72 to $81.

Press releases

From Benzinga Pro

SouthState Closes Merger with Independent Financial

2 Jan 25

Expands Presence in TX & CO and Adds Three Board Members WINTER HAVEN, Fla., Jan. 2, 2025 /PRNewswire/ -- SouthState Corporation (NYSE:SSB) ("SouthState" or the "Company") today announced the closing

Acadia Pharmaceuticals Set to Join S&P SmallCap 600

30 Dec 24

NEW YORK, Dec. 30, 2024 /PRNewswire/ -- Acadia Pharmaceuticals Inc. (NASD: ACAD) will replace Independent Bank Group Inc. (NASD: IBTX) in the S&P SmallCap 600 effective prior to the opening of trading on Friday,