Independent Bank Group (IBTX) Misses Q3 Earnings and Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
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Source: NASDAQ.COM
Earnings Report Overview: Independent Bank Group (IBTX) reported quarterly earnings of $0.50 per share, missing estimates and showing a decline from $0.79 a year ago, while revenues also fell short of expectations at $120.3 million.
Future Outlook: Despite underperforming the market this year, IBTX holds a Zacks Rank #2 (Buy), indicating potential for future outperformance based on favorable earnings estimate revisions, with upcoming consensus estimates suggesting improvement in earnings and revenues.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
