Independent Bank Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 24, 2023 at 10:00 pm
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Independent Bank Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 113.61 million compared to USD 138 million a year ago. Net income was USD 33.08 million compared to USD 52.36 million a year ago. Basic earnings per share was USD 0.80 compared to USD 1.25 a year ago. Diluted earnings per share was USD 0.80 compared to USD 1.25 a year ago.
For the six months, net interest income was USD 241.53 million compared to USD 269.15 million a year ago. Net loss was USD 4.43 million compared to net income of USD 103.1 million a year ago.
Independent Bank Group, Inc. is a bank holding company. The Company, through its subsidiary, Independent Bank, a Texas state-chartered bank, doing business as Independent Financial, provides a range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Its commercial lending products include commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, including medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. It provides a full range of deposit products and services, including a variety of checking and savings accounts, debit cards, online banking, including online account opening, mobile banking, e-statements and bank-by-mail and direct deposit services.
INDEPENDENT BANK GROUP, INC. 
