Independent Bank Group (IBTX) Misses Q2 EPS by 3c

Independent Bank Group (NASDAQ: IBTX) reported Q2 EPS of $1.11, $0.03 worse than the analyst estimate of $1.14.

Independent Bank Group Chairman and CEO David R. Brooks said, “Our second quarter performance reflects the continuation of our growing profitability metrics and strong loan growth reported in the first quarter. Despite some headwinds related to deposit costs, we had another record quarter for earnings, return on assets and return on equity.” Brooks continued, “We continue to build out our footprint in Houston and Colorado with strategic acquisitions, including the completion of the Integrity acquisition in June and the announcement of the Guaranty transaction in May. These acquisitions reflect the continuing execution of our planned strategy to grow the company through the acquisition of premier franchises in dynamic markets."

For earnings history and earnings-related data on Independent Bank Group (IBTX) click here.

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