Independent Bank Group, Inc (IBTX) financial statements (2020 and earlier)

Company profile

Business Address 1600 REDBUD BOULEVARD
MCKINNEY, TX 75069
State of Incorp. TX
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments565131431505293324
Cash and cash equivalents565131431505293324
Disposal group, including discontinued operation     4
Total current assets:565131431505293329
Noncurrent Assets
Operating lease, right-of-use asset32
Property, plant and equipment243168148909389
Intangible assets, net (including goodwill)1,095767665272275242
Goodwill994722621258259229
Intangible assets, net (excluding goodwill)1014543141612
Deferred income tax assets7
Total noncurrent assets:1,376935813362368331
Other undisclosed assets13,0178,7847,4414,9854,3943,473
TOTAL ASSETS:14,9589,8508,6845,8535,0554,133
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt3001154403016595
Total current liabilities:3001154403016595
Noncurrent Liabilities
Other undisclosed liabilities12,3188,1296,9085,1504,2633,497
Total liabilities:12,6188,2447,3485,1804,4283,592
Temporary equity, carrying amount    24 
Stockholders' equity
Stockholders' equity attributable to parent2,3401,6061,336672603541
Preferred stock     24
Common stock000000
Additional paid in capital1,9261,3181,152555530477
Accumulated other comprehensive income (loss)19(8)(0)(1)22
Retained earnings3942971841187138
Total stockholders' equity:2,3401,6061,336672603541
TOTAL LIABILITIES AND EQUITY:14,9589,8508,6845,8535,0554,133

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues642403329222187150
Net investment income641403302208173140
Cost of revenue(15)(10)(8)(9)(9)(5)
Provision for loan, lease, and other losses(15)(10)
Financial services costs(8)(9)(9)(5)
Gross profit:627393321213178145
Operating expenses(118)(57)(154)(98)(90)(79)
Other operating income, net
(Noninterest Income, Other Operating Income)
13108421
Operating income:5223451741198967
Nonoperating income836111
Investment income, nonoperating2 3(0) 0
Gains (losses) on sales of other real estate10(0)000
Bank owned life insurance income633111
Interest and debt expense(148)(81)(42)(26)(20)(16)
Other undisclosed loss from continuing operations before equity method investments, income taxes(136)(108)(16)(14)(13)(9)
Income from continuing operations before income taxes:246160122805844
Income tax expense(54)(32)(45)(27)(19)(15)
Net income attributable to parent:19312877543929
Preferred stock dividends and other adjustments(0)(0) (0)(0)(0)
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic  (0)(1)(1)(0)
Net income available to common stockholders, diluted:19112776533828

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:19312877543929
Other comprehensive income (loss)28(8)1(3)(0)4
Comprehensive income, net of tax, attributable to parent:22012177503933

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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