---
schema_version: "secwatch.filing_event.v1"
accession: "0001564618-24-000057"
form_type: "8-K"
ticker: null
cik: "0001564618"
company_name: "Independent Bank Group, Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T11:53:54.110844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564618-24-000057
- form_type: 8-K
- cik: 0001564618
- company_name: Independent Bank Group, Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1564618/000156461824000057/0001564618-24-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1564618/000156461824000057/ibtx-20240418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564618-24-000057
- JSON: https://secwatch.observer/filing/0001564618-24-000057.json
- Plain text: https://secwatch.observer/filing/0001564618-24-000057.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1564618/000156461824000057/0001564618-24-000057-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.