Independent Bank Group Q1 net income $24.2M ($0.58 EPS); NIM 2.42%; declares $0.38 dividend

Independent Bank Group, Inc.

2024-Q1 EPS reported $0.58

Net income $24.2M ($0.58 diluted EPS) vs $14.9M in Q4 2023; adjusted net income $26.0M ($0.63 EPS).
Net interest margin 2.42%; loan portfolio yield expanded 10 bps to 5.93%.
Net charge-offs 0.00% annualized; nonperforming assets 0.34% of total assets.
Total borrowings reduced $124.8M to $497.0M, lowest level in over a year.
Quarterly dividend $0.38 per share payable May 16, 2024 to holders of record May 2.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Independent Bank Group, Inc. reported the quarter ended March 31, 2024 results: net income $24.2 million, EPS $0.58 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $24.2 million
EPS: $0.58 per diluted share
Result: reported results

Exact text from the filing

Independent Bank Group, Inc. (NASDAQ: IBTX) today announced net income of $24.2 million, or $0.58 per diluted share, for the quarter ended March 31, 2024

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Source: SEC EDGAR

accession 0001564618-24-000057

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