Independent Bank Group, Inc (IBTX) financial statements (2022 and earlier)

Company profile

Business Address 7777 HENNEMAN WAY
MCKINNEY, TX 75070
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6081,814565131431505
Cash and cash equivalents2,6081,814565131431505
Total current assets:2,6081,814565131431505
Noncurrent Assets
Operating lease, right-of-use asset242532
Property, plant and equipment30824924316814890
Intangible assets, net (including goodwill)1,0701,0821,095767665272
Goodwill994994994722621258
Intangible assets, net (excluding goodwill)7588101454314
Deferred income tax assets2647
Total noncurrent assets:1,4281,3601,376935813362
Other undisclosed assets14,69614,57913,0178,7847,4414,985
TOTAL ASSETS:18,73317,75314,9589,8508,6845,853
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2530011544030
Total current liabilities: 2530011544030
Noncurrent Liabilities
Other undisclosed liabilities16,15615,21312,3188,1296,9085,150
Total liabilities:16,15615,23812,6188,2447,3485,180
Stockholders' equity
Stockholders' equity attributable to parent2,5772,5152,3401,6061,336672
Common stock000000
Additional paid in capital1,9451,9351,9261,3181,152555
Accumulated other comprehensive income (loss)53619(8)(0)(1)
Retained earnings625544394297184118
Total stockholders' equity:2,5772,5152,3401,6061,336672
TOTAL LIABILITIES AND EQUITY:18,73317,75314,9589,8508,6845,853

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues579607642403329222
Net investment income579607641403302208
Cost of revenue (43)(15)(10)(8)(9)
Provision for loan, lease, and other losses (43)(15)(10)
Financial services costs(8)(9)
Gross profit:579564627393321213
Operating expenses(93)(107)(118)(57)(154)(98)
Other operating income, net
(Noninterest Income, Other Operating Income)
1325131084
Operating income:499483522345174119
Nonoperating income558361
Investment income, nonoperating  2 3(0)
Bank owned life insurance income556331
Interest and debt expense(63)(95)(148)(81)(42)(26)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (136)(108)(16)(14)
Income from continuing operations before equity method investments, income taxes:44239324616012280
Other undisclosed loss from continuing operations before income taxes(159)(141)    
Income from continuing operations before income taxes:28225224616012280
Income tax expense(57)(51)(54)(32)(45)(27)
Net income attributable to parent:2252011931287754
Preferred stock dividends and other adjustments(1)(0)(0)(0) (0)
Undistributed earnings (loss) allocated to participating securities, basic(2)(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic    (0)(1)
Net income available to common stockholders, diluted:2232001911277653

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:2252011931287754
Other comprehensive income (loss)(31)1728(8)1(3)
Comprehensive income, net of tax, attributable to parent:1942182201217750

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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