Independent Historical Income Statement

IBTX Stock

USD 66.92 0.34 0.51%

Historical analysis of Independent Bank income statement accounts such as Selling General Administrative of 124.4 M or Selling And Marketing Expenses of 1.5 M can show how well Independent Bank Group performed in making a profits. Evaluating Independent Bank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Independent Bank's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Independent Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Independent Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.

About Independent Income Statement Analysis

Independent Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Independent Bank shareholders. The income statement also shows Independent investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Independent Bank Income Statement Chart

At this time, Independent Bank's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 435.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 124.4 M in 2024.

Selling General Administrative Selling And Marketing Expenses Total Revenue Gross Profit

Total Revenue

Total revenue comprises all receipts Independent Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Independent Bank Group minus its cost of goods sold. It is profit before Independent Bank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from Independent Bank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Independent Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Independent Stock please use our How to Invest in Independent Bank guide.At this time, Independent Bank's Depreciation And Amortization is fairly stable compared to the past year. Interest Expense is likely to rise to about 435.6 M in 2024, whereas Selling General Administrative is likely to drop slightly above 124.4 M in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	63.2M	96.8M	414.9M	435.6M
Depreciation And Amortization	25.0M	27.4M	30.9M	32.5M

Interest Expense Depreciation And Amortization

Independent Bank income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Selling And Marketing Expenses	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Cost Of Revenue	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.71	0.69	0.49	0.64	0.64	0.73	0.57	0.03	0.15	0.36	0.35	0.13	0.39	0.2	0.73	0.18	0.67	0.1	0.75	0.77	0.53	0.72
Interest Expense	0.71		0.49	0.59	0.45	0.45	0.87	0.35	-0.26	-0.18	0.67	0.02	0.43	0.04	-0.09	0.73	-0.1	0.68	-0.27	0.55	0.72	0.76	0.64
Selling General Administrative	0.69	0.49		0.85	0.99	0.99	0.6	0.96	0.63	0.7	-0.11	0.83	0.33	0.84	0.75	0.89	0.74	0.83	0.63	0.96	0.93	0.53	0.88
Selling And Marketing Expenses	0.49	0.59	0.85		0.86	0.86	0.64	0.79	0.47	0.52	-0.01	0.63	0.45	0.64	0.57	0.85	0.58	0.79	0.42	0.82	0.88	0.78	0.81
Total Revenue	0.64	0.45	0.99	0.86		1.0	0.63	0.96	0.69	0.76	-0.22	0.88	0.38	0.89	0.81	0.9	0.79	0.83	0.69	0.97	0.91	0.56	0.89
Gross Profit	0.64	0.45	0.99	0.86	1.0		0.63	0.96	0.69	0.76	-0.22	0.88	0.38	0.89	0.81	0.9	0.79	0.83	0.69	0.97	0.91	0.56	0.89
Other Operating Expenses	0.73	0.87	0.6	0.64	0.63	0.63		0.46	0.02	0.1	0.27	0.31	0.54	0.34	0.17	0.81	0.16	0.74	0.04	0.71	0.81	0.84	0.78
Operating Income	0.57	0.35	0.96	0.79	0.96	0.96	0.46		0.77	0.83	-0.22	0.9	0.21	0.9	0.83	0.87	0.86	0.81	0.73	0.93	0.82	0.35	0.86
Ebit	0.03	-0.26	0.63	0.47	0.69	0.69	0.02	0.77		0.99	-0.76	0.93	0.07	0.92	0.94	0.46	0.98	0.43	0.94	0.59	0.37	-0.03	0.5
Ebitda	0.15	-0.18	0.7	0.52	0.76	0.76	0.1	0.83	0.99		-0.71	0.96	0.08	0.95	0.95	0.53	0.99	0.5	0.94	0.67	0.45	0.03	0.58
Total Operating Expenses	0.36	0.67	-0.11	-0.01	-0.22	-0.22	0.27	-0.22	-0.76	-0.71		-0.61	-0.06	-0.6	-0.62	0.1	-0.63	0.1	-0.76	-0.12	0.11	0.22	-0.04
Income Before Tax	0.35	0.02	0.83	0.63	0.88	0.88	0.31	0.9	0.93	0.96	-0.61		0.25	1.0	0.96	0.67	0.96	0.62	0.93	0.82	0.63	0.21	0.71
Total Other Income Expense Net	0.13	0.43	0.33	0.45	0.38	0.38	0.54	0.21	0.07	0.08	-0.06	0.25		0.27	0.2	0.37	0.09	0.32	0.18	0.43	0.48	0.6	0.39
Net Income	0.39	0.04	0.84	0.64	0.89	0.89	0.34	0.9	0.92	0.95	-0.6	1.0	0.27		0.94	0.69	0.94	0.63	0.91	0.84	0.65	0.23	0.74
Income Tax Expense	0.2	-0.09	0.75	0.57	0.81	0.81	0.17	0.83	0.94	0.95	-0.62	0.96	0.2	0.94		0.56	0.97	0.55	0.96	0.71	0.51	0.11	0.55
Cost Of Revenue	0.73	0.73	0.89	0.85	0.9	0.9	0.81	0.87	0.46	0.53	0.1	0.67	0.37	0.69	0.56		0.59	0.93	0.4	0.92	0.92	0.65	0.96
Net Income From Continuing Ops	0.18	-0.1	0.74	0.58	0.79	0.79	0.16	0.86	0.98	0.99	-0.63	0.96	0.09	0.94	0.97	0.59		0.57	0.93	0.69	0.5	0.08	0.6
Non Recurring	0.67	0.68	0.83	0.79	0.83	0.83	0.74	0.81	0.43	0.5	0.1	0.62	0.32	0.63	0.55	0.93	0.57		0.43	0.88	0.87	0.59	0.87
Tax Provision	0.1	-0.27	0.63	0.42	0.69	0.69	0.04	0.73	0.94	0.94	-0.76	0.93	0.18	0.91	0.96	0.4	0.93	0.43		0.62	0.38	-0.01	0.43
Net Interest Income	0.75	0.55	0.96	0.82	0.97	0.97	0.71	0.93	0.59	0.67	-0.12	0.82	0.43	0.84	0.71	0.92	0.69	0.88	0.62		0.94	0.59	0.94
Interest Income	0.77	0.72	0.93	0.88	0.91	0.91	0.81	0.82	0.37	0.45	0.11	0.63	0.48	0.65	0.51	0.92	0.5	0.87	0.38	0.94		0.77	0.91
Reconciled Depreciation	0.53	0.76	0.53	0.78	0.56	0.56	0.84	0.35	-0.03	0.03	0.22	0.21	0.6	0.23	0.11	0.65	0.08	0.59	-0.01	0.59	0.77		0.62
Extraordinary Items	0.72	0.64	0.88	0.81	0.89	0.89	0.78	0.86	0.5	0.58	-0.04	0.71	0.39	0.74	0.55	0.96	0.6	0.87	0.43	0.94	0.91	0.62

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Independent Bank Account Relationship Matchups

Independent Bank income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	171.9K	25.4M	25.0M	27.4M	30.9M	32.5M
Interest Expense	148.2M	95.1M	63.2M	96.8M	414.9M	435.6M
Selling General Administrative	186.0M	187.6M	208.6M	243.9M	203.6M	124.4M
Selling And Marketing Expenses	2.5M	2.4M	1.1M	2.1M	2.6M	1.5M
Total Revenue	580.7M	601.1M	587.1M	610.2M	507.7M	339.6M
Gross Profit	580.7M	601.1M	587.1M	610.2M	507.7M	339.6M
Other Operating Expenses	334.4M	348.8M	304.9M	15.6M	507.7M	533.1M
Operating Income	246.3M	252.4M	282.2M	358.0M	194.1M	167.7M
Ebit	259.0M	252.4M	282.2M	246.3M	(18.5M)	(17.6M)
Ebitda	259.1M	277.8M	307.2M	273.7M	12.4M	11.8M
Total Operating Expenses	(334.4M)	(348.8M)	(304.9M)	15.6M	451.5M	474.1M
Income Before Tax	246.3M	252.4M	282.2M	246.3M	52.3M	49.7M
Total Other Income Expense Net	246.3M	(15.9M)	(304K)	(19.4M)	52.3M	54.9M
Net Income	192.7M	201.2M	224.8M	196.3M	43.2M	41.0M
Income Tax Expense	53.5M	51.2M	57.5M	50.0M	9.1M	8.7M
Net Income Applicable To Common Shares	192.7M	201.2M	224.8M	196.3M	225.7M	237.0M
Net Income From Continuing Ops	192.7M	201.2M	224.8M	196.3M	43.2M	41.0M
Tax Provision	53.5M	51.2M	57.5M	50.0M	9.1M	8.7M
Net Interest Income	504.8M	516.4M	520.3M	558.2M	456.9M	426.1M
Interest Income	652.9M	611.5M	583.6M	655.0M	871.7M	546.8M
Reconciled Depreciation	24.7M	25.4M	12.6M	12.5M	30.9M	20.9M

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When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.

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Independent Historical Income Statement

About Independent Income Statement Analysis

Independent Bank Income Statement Chart

Total Revenue

Gross Profit

Independent Bank income statement Correlations

Independent Bank Account Relationship Matchups

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Independent Bank income statement Accounts

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Gross Profit	+ 1.0	Total Revenue
Net Income	+ 1.0	Income Before Tax
Total Revenue	+ 0.99	Selling General Administrative
Gross Profit	+ 0.99	Selling General Administrative
Ebitda	+ 0.99	Ebit
Net Income From Continuing Ops	+ 0.99	Ebitda

Tax Provision	- 0.76	Total Operating Expenses
Total Operating Expenses	- 0.76	Ebit
Total Operating Expenses	- 0.71	Ebitda
Net Income From Continuing Ops	- 0.63	Total Operating Expenses
Income Tax Expense	- 0.62	Total Operating Expenses
Income Before Tax	- 0.61	Total Operating Expenses