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) - Total Assets
Latest total assets as of September 2024: $18.58 Billion USD
Based on the latest financial reports, Independent Bank Group Inc (IBTX) holds total assets worth $18.58 Billion USD as of September 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Independent Bank Group Inc - Total Assets Trend (2010–2023)
This chart illustrates how Independent Bank Group Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Independent Bank Group Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Independent Bank Group Inc's total assets of $18.58 Billion consist of 3.7% current assets and 96.3% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 3.8% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $50.56 Million | 0.3% |
| Goodwill | $994.02 Million | 5.2% |
Asset Composition Trend (2010–2023)
This chart illustrates how Independent Bank Group Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Independent Bank Group Inc's current assets represent 3.7% of total assets in 2023, a decrease from 88.2% in 2010.
- Cash Position: Cash and equivalents constituted 3.8% of total assets in 2023, down from 7.9% in 2010.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 5.0% of total assets, an increase from 1.0% in 2010.
- Asset Diversification: The largest asset category is goodwill at 5.2% of total assets.
Independent Bank Group Inc Competitors by Total Assets
Key competitors of Independent Bank Group Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Independent Bank Group Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Independent Bank Group Inc generates 0.03x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Independent Bank Group Inc generates $ 0.23 in net profit.
Independent Bank Group Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.47 | 0.44 | 511.62 |
| Quick Ratio | 0.47 | 0.44 | 511.42 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.83 Billion | $ -2.06 Billion | $ 12.51 Billion |
Independent Bank Group Inc - Advanced Valuation Insights
This section examines the relationship between Independent Bank Group Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.29 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | 4.3% |
| Total Assets | $19.04 Billion |
| Market Capitalization | $2.42 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Independent Bank Group Inc's assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Independent Bank Group Inc's assets grew by 4.3% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Independent Bank Group Inc (2010–2023)
The table below shows the annual total assets of Independent Bank Group Inc from 2010 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $19.04 Billion | +4.25% |
| 2022-12-31 | $18.26 Billion | -2.53% |
| 2021-12-31 | $18.73 Billion | +5.52% |
| 2020-12-31 | $17.75 Billion | +18.69% |
| 2019-12-31 | $14.96 Billion | +51.86% |
| 2018-12-31 | $9.85 Billion | +13.42% |
| 2017-12-31 | $8.68 Billion | +48.38% |
| 2016-12-31 | $5.85 Billion | +15.78% |
| 2015-12-31 | $5.05 Billion | +22.32% |
| 2014-12-31 | $4.13 Billion | +90.97% |
| 2013-12-31 | $2.16 Billion | +24.35% |
| 2012-12-31 | $1.74 Billion | +38.73% |
| 2011-12-31 | $1.25 Billion | +14.22% |
| 2010-12-31 | $1.10 Billion | -- |