Independent Bank Group Inc
Independent Bank Group, Inc., through its subsidiary, Independent Bank provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans;… Read more
Independent Bank Group Inc (IBTX) - Net Assets
Latest net assets as of September 2024: $1.95 Billion USD
Based on the latest financial reports, Independent Bank Group Inc (IBTX) has net assets worth $1.95 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.58 Billion) and total liabilities ($16.63 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.95 Billion |
| % of Total Assets | 10.49% |
| Annual Growth Rate | 30.27% |
| 5-Year Change | 1.12% |
| 10-Year Change | 337.48% |
| Growth Volatility | 43.0 |
Independent Bank Group Inc - Net Assets Trend (2010–2023)
This chart illustrates how Independent Bank Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Independent Bank Group Inc (2010–2023)
The table below shows the annual net assets of Independent Bank Group Inc from 2010 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.37 Billion | -0.81% |
| 2022-12-31 | $2.39 Billion | -7.42% |
| 2021-12-31 | $2.58 Billion | +2.44% |
| 2020-12-31 | $2.52 Billion | +7.50% |
| 2019-12-31 | $2.34 Billion | +45.65% |
| 2018-12-31 | $1.61 Billion | +20.24% |
| 2017-12-31 | $1.34 Billion | +98.70% |
| 2016-12-31 | $672.37 Million | +7.18% |
| 2015-12-31 | $627.31 Million | +15.99% |
| 2014-12-31 | $540.85 Million | +131.36% |
| 2013-12-31 | $233.77 Million | +97.12% |
| 2012-12-31 | $118.59 Million | +37.90% |
| 2011-12-31 | $86.00 Million | +13.09% |
| 2010-12-31 | $76.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Independent Bank Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3531.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $616.72 Million | 25.67% |
| Common Stock | $413.00K | 0.02% |
| Other Comprehensive Income | $-181.23 Million | -7.54% |
| Other Components | $1.97 Billion | 81.86% |
| Total Equity | $2.40 Billion | 100.00% |
Independent Bank Group Inc Competitors by Market Cap
The table below lists competitors of Independent Bank Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Loar Holdings Inc.
NYSE:LOAR
|
$2.42 Billion |
|
Chongyi Zhangyuan Tungsten Co Ltd
SHE:002378
|
$2.43 Billion |
|
Ingevity Corp
NYSE:NGVT
|
$2.43 Billion |
|
Teleperformance PK
PINK:TLPFY
|
$2.43 Billion |
|
Chunghwa Precision Test Tech Co Ltd
TWO:6510
|
$2.42 Billion |
|
Hercules Capital Inc
NYSE:HTGC
|
$2.42 Billion |
|
Alior Bank S.A.
WAR:ALR
|
$2.42 Billion |
|
Telix Pharmaceuticals Limited
PINK:TLPPF
|
$2.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Independent Bank Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,385,383,000 to 2,402,593,000, a change of 17,210,000 (0.7%).
- Net income of 43,201,000 contributed positively to equity growth.
- Dividend payments of 62,707,000 reduced retained earnings.
- Share repurchases of 2,175,000 reduced equity.
- Other comprehensive income increased equity by 31,346,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $43.20 Million | +1.8% |
| Dividends Paid | $62.71 Million | -2.61% |
| Share Repurchases | $2.17 Million | -0.09% |
| Other Comprehensive Income | $31.35 Million | +1.3% |
| Other Changes | $7.54 Million | +0.31% |
| Total Change | $- | 0.72% |
Book Value vs Market Value Analysis
This analysis compares Independent Bank Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.20x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $11.67 | $60.67 | x |
| 2011-12-31 | $10.53 | $60.67 | x |
| 2012-12-31 | $10.34 | $60.67 | x |
| 2013-12-31 | $20.85 | $60.67 | x |
| 2014-12-31 | $34.77 | $60.67 | x |
| 2015-12-31 | $36.04 | $60.67 | x |
| 2016-12-31 | $36.17 | $60.67 | x |
| 2017-12-31 | $52.39 | $60.67 | x |
| 2018-12-31 | $54.75 | $60.67 | x |
| 2019-12-31 | $54.46 | $60.67 | x |
| 2020-12-31 | $58.83 | $60.67 | x |
| 2021-12-31 | $60.31 | $60.67 | x |
| 2022-12-31 | $57.52 | $60.67 | x |
| 2023-12-31 | $58.22 | $60.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Independent Bank Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.57%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 7.92x
- Recent ROE (1.80%) is below the historical average (8.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 11.54% | 20.16% | 0.04x | 14.44x | $1.17 Million |
| 2011 | 15.93% | 25.39% | 0.04x | 14.59x | $5.10 Million |
| 2012 | 10.24% | 17.86% | 0.04x | 14.67x | $287.90K |
| 2013 | 8.47% | 23.03% | 0.04x | 9.26x | $-3.58 Million |
| 2014 | 5.36% | 21.03% | 0.03x | 7.64x | $-25.11 Million |
| 2015 | 6.18% | 22.74% | 0.03x | 8.06x | $-23.94 Million |
| 2016 | 7.96% | 26.33% | 0.03x | 8.70x | $-13.70 Million |
| 2017 | 5.73% | 25.18% | 0.03x | 6.50x | $-57.09 Million |
| 2018 | 7.98% | 34.82% | 0.04x | 6.13x | $-32.38 Million |
| 2019 | 8.24% | 33.19% | 0.04x | 6.39x | $-41.24 Million |
| 2020 | 8.00% | 33.47% | 0.03x | 7.06x | $-50.33 Million |
| 2021 | 8.72% | 38.28% | 0.03x | 7.27x | $-32.91 Million |
| 2022 | 8.23% | 32.17% | 0.03x | 7.65x | $-42.25 Million |
| 2023 | 1.80% | 8.57% | 0.03x | 7.92x | $-197.06 Million |
Industry Comparison
This section compares Independent Bank Group Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Independent Bank Group Inc (IBTX) | $1.95 Billion | 11.54% | 8.54x | $2.42 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |