Independent Bank Group, Inc (IBTX) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,814565131431505293
Cash and cash equivalents1,814565131431505293
Total current assets:1,814565131431505293
Noncurrent Assets
Operating lease, right-of-use asset2532
Property, plant and equipment2492431681489093
Intangible assets, net (including goodwill)1,0821,095767665272275
Goodwill994994722621258259
Intangible assets, net (excluding goodwill)8810145431416
Deferred income tax assets47
Total noncurrent assets:1,3601,376935813362368
Other undisclosed assets14,57913,0178,7847,4414,9854,394
TOTAL ASSETS:17,75314,9589,8508,6845,8535,055
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2530011544030165
Total current liabilities:2530011544030165
Noncurrent Liabilities
Other undisclosed liabilities15,21312,3188,1296,9085,1504,263
Total liabilities:15,23812,6188,2447,3485,1804,428
Temporary equity, carrying amount     24
Stockholders' equity
Stockholders' equity attributable to parent2,5152,3401,6061,336672603
Common stock000000
Additional paid in capital1,9351,9261,3181,152555530
Accumulated other comprehensive income (loss)3619(8)(0)(1)2
Retained earnings54439429718411871
Total stockholders' equity:2,5152,3401,6061,336672603
TOTAL LIABILITIES AND EQUITY:17,75314,9589,8508,6845,8535,055

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues607642403329222187
Net investment income607641403302208173
Cost of revenue(43)(15)(10)(8)(9)(9)
Provision for loan, lease, and other losses(43)(15)(10)
Financial services costs(8)(9)(9)
Gross profit:564627393321213178
Operating expenses(107)(118)(57)(154)(98)(90)
Other operating income, net
(Noninterest Income, Other Operating Income)
251310842
Operating income:48352234517411989
Nonoperating income583611
Investment income, nonoperating 2 3(0) 
Gains (losses) on sales of other real estate(0)10(0)00
Bank owned life insurance income563311
Interest and debt expense(95)(148)(81)(42)(26)(20)
Other undisclosed loss from continuing operations before equity method investments, income taxes (136)(108)(16)(14)(13)
Income from continuing operations before equity method investments, income taxes:3932461601228058
Other undisclosed loss from continuing operations before income taxes(141)     
Income from continuing operations before income taxes:2522461601228058
Income tax expense(51)(54)(32)(45)(27)(19)
Net income attributable to parent:201193128775439
Preferred stock dividends and other adjustments(0)(0)(0) (0)(0)
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic   (0)(1)(1)
Net income available to common stockholders, diluted:200191127765338

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:201193128775439
Other comprehensive income (loss)1728(8)1(3)(0)
Comprehensive income, net of tax, attributable to parent:218220121775039

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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