Independent Bank Group, Inc. (IBTX) Stock Analysis
DELISTED 2024
What happened to Independent Bank Group, Inc. (IBTX) stock?
Independent Bank Group, Inc. (IBTX) no longer trades on public markets. It was delisted in December 2024. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Independent Bank Group, Inc. (IBTX) trades at $60.67. Independent Bank Group, Inc. operates as the bank holding company for Independent Bank, offering commercial banking products and services to businesses, professionals, and individuals. Market cap: $2.51B, Sector: Financial services.
Last analyzed: May 10, 2026Analyst Coverage for IBTX: IBTX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates IBTX against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
IBTX: 2/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bullish.
How is this calculated? →Independent Bank Group, Inc. (IBTX) Financial Services Profile
Independent Bank Group, Inc., founded in 2002, provides commercial banking services through its Independent Bank subsidiary. Operating primarily in the United States, the company offers a range of deposit and loan products, leveraging its 93 full-service branches to serve businesses, professionals, and individuals in the regional banking sector.
What Is the Investment Thesis for IBTX?
Independent Bank Group, Inc. presents a mixed investment thesis. The company's established regional presence with 93 branches and a diverse loan portfolio offer stability. The dividend yield of 2.51% provides an income stream for investors. However, a high P/E ratio of 58.0 suggests the stock may be overvalued relative to its earnings. The company's beta of 1.37 indicates higher volatility compared to the market. Growth catalysts include expanding its commercial loan portfolio and leveraging technology for enhanced customer service. Investors should closely monitor the company's ability to maintain its profit margin of 8.6% and manage credit risk in a changing economic environment.
Based on FMP financials and quantitative analysis
IBTX Key Highlights
Market capitalization of $2.51B reflects its position as a significant regional bank.
- P/E ratio of 58.0 suggests a premium valuation compared to peers.
- Profit margin of 8.6% indicates moderate profitability.
- Gross margin of 100.8% reflects the nature of banking revenue.
- Dividend yield of 2.51% offers an income component for investors.
Who Are IBTX's Competitors?
IBTX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| WTFC Wintrust Financial Corporation | $152.61 | -0.52% | $10.3B | 86 |
| ISBC Investors Bancorp, Inc. | $13.87 | -2.46% | $3.46B | 52 |
| UCB United Community Banks, Inc. | $35.63 | -0.34% | $4.27B | 96 |
| CLBK Columbia Financial, Inc. | $11.76 | +0.60% | $2.63B | 94 |
| NBTB NBT Bancorp Inc. | $51.88 | +0.25% | $2.70B | 96 |
| EFSC Enterprise Financial Services Corp | $64.02 | +0.68% | $2.32B | 91 |
| TRMK Trustmark Corporation | $46.58 | +0.15% | $2.73B | 96 |
| OFG OFG Bancorp | $51.78 | +0.33% | $2.19B | 94 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are IBTX's Key Strengths?
Established regional presence and brand recognition.
- Diversified loan portfolio.
- Strong local market knowledge.
- Experienced management team.
What Are IBTX's Weaknesses?
High P/E ratio may indicate overvaluation.
- Higher beta suggests increased volatility.
- Profit margin could be higher compared to peers.
- Limited geographic diversification.
What Could Drive IBTX Stock Higher?
Potential interest rate hikes by the Federal Reserve could increase net interest margin.
- Expansion of digital banking services to attract and retain customers.
- Strategic acquisitions of smaller community banks to expand market reach.
- Growth in commercial lending activities targeting small and medium-sized businesses.
What Are the Key Risks for IBTX?
Financial-distress signal — its Altman Z-Score of 0.04 sits in the distress zone (elevated bankruptcy risk).
- Rich valuation — a P/E of 58.0 runs well above the Financial Services sector’s ~18x, leaving little room for a miss.
- Economic downturn could lead to increased loan defaults and reduced profitability.
- Rising interest rates could negatively impact borrowing costs and loan demand.
- Increasing competition from larger national banks and fintech companies.
- Regulatory changes and compliance costs could impact profitability.
- Cybersecurity threats and data breaches could damage reputation and incur costs.
What Are the Growth Opportunities for IBTX?
- Expansion of Commercial Lending: Independent Bank Group can grow by expanding its commercial lending activities, particularly focusing on small and medium-sized businesses (SMBs). The SMB lending market is estimated to be worth billions of dollars annually, offering significant growth potential. By offering tailored loan products and leveraging its local market knowledge, Independent Bank can increase its market share and drive revenue growth. This strategy can be implemented over the next 3-5 years.
- Digital Banking Innovation: Investing in and expanding digital banking platforms can attract and retain customers, especially the younger demographic. The digital banking market is experiencing rapid growth, with mobile banking transactions increasing year over year. By offering user-friendly mobile apps, online account management tools, and personalized digital services, Independent Bank can enhance customer experience and reduce operational costs. This initiative can be rolled out within the next 2 years.
- Strategic Acquisitions: Pursuing strategic acquisitions of smaller community banks or credit unions can provide Independent Bank Group with access to new markets and customer bases. The banking industry is consolidating, and acquisitions can be a quick way to expand geographic reach and increase market share. Careful due diligence and integration are crucial for successful acquisitions. This can be an ongoing strategy over the next 5-10 years.
- Wealth Management Services: Expanding wealth management services can generate additional fee income and diversify revenue streams. The wealth management market is growing, driven by an aging population and increasing affluence. By offering financial planning, investment management, and trust services, Independent Bank can cater to the needs of high-net-worth individuals and families. This expansion can be phased in over the next 3 years.
- Enhanced Customer Service: Focus on providing exceptional customer service to differentiate from larger competitors. The regional banking sector thrives on personalized relationships and community involvement. By empowering branch staff, offering customized solutions, and actively engaging in local communities, Independent Bank can build customer loyalty and attract new clients. This is an ongoing effort that requires continuous training and investment in customer relationship management (CRM) systems.
What Are IBTX's Competitive Advantages?
- Established regional presence with a network of 93 full-service branches.
- Strong local market knowledge and relationships.
- Diversified loan portfolio across various sectors.
- Personalized customer service and community involvement.
What Does IBTX Do?
Independent Bank Group, Inc. was established in 2002 and functions as the bank holding company for Independent Bank. The bank provides a comprehensive suite of commercial banking products and services tailored to businesses, professionals, and individuals across the United States. Its core offerings include a variety of deposit accounts such as checking, savings, demand deposits, money market accounts, and certificates of deposit. Additionally, the bank extends credit through commercial real estate loans, construction and land development loans, residential real estate loans, and single-family interim construction loans. Independent Bank also provides commercial loans, including SBA guaranteed loans, business term loans, equipment lease financing, lines of credit, and energy-related loans. Agricultural loans cater to farmers and ranchers, while consumer installment loans cover purchases of cars, boats, and recreational vehicles. Residential mortgages and mortgage warehouse purchase loans are also part of its lending portfolio. The bank enhances customer convenience through debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services. Business clients benefit from specialized accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2021, Independent Bank Group operated 93 full-service branches, solidifying its presence in the regional banking sector.
What Products and Services Does IBTX Offer?
- Provides checking and savings accounts to individuals and businesses.
- Offers commercial real estate loans for property development and investment.
- Provides commercial construction, land, and land development loans.
- Offers residential real estate loans for home purchases and refinancing.
- Provides commercial loans including SBA guaranteed loans and business term loans.
- Offers agricultural loans to farmers and ranchers.
- Provides consumer installment loans for vehicles and recreational equipment.
- Offers online and mobile banking services for convenient account management.
How Does IBTX Make Money?
- Generates revenue from interest earned on loans, including commercial, real estate, and consumer loans.
- Earns fees from deposit accounts, including service charges and transaction fees.
- Provides treasury management services to businesses for a fee.
- Generates income from mortgage warehouse purchase loans.
What Industry Does IBTX Operate In?
Independent Bank Group, Inc. operates within the regional banking sector, which is characterized by intense competition and evolving customer expectations. The industry is influenced by macroeconomic factors, regulatory changes, and technological advancements. Key trends include the increasing adoption of digital banking, consolidation through mergers and acquisitions, and a focus on personalized customer service. Independent Bank Group competes with larger national banks and other regional players like Wintrust Financial Corporation (WTFC), Investors Bancorp, Inc. (ISBC), and United Community Banks, Inc. (UCB).
Who Are IBTX's Key Customers?
- Small and medium-sized businesses seeking commercial loans and banking services.
- Individuals looking for personal banking services, including checking, savings, and loans.
- Real estate developers and investors requiring financing for projects.
- Farmers and ranchers needing agricultural loans.
Forward Outlook
Wall Street analysts project Independent Bank Group, Inc. revenue of about $672.0M for fiscal 2026, with EPS near $4.90.
IBTX Valuation & Market Position
With a $2.51B market cap, Independent Bank Group, Inc. sits in the mid-cap segment of the market.
Key Financial Metrics
Return on equity for Independent Bank Group, Inc. stands at 1.8%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.2%, showing how much profit it generates from its asset base. IBTX trades at a trailing price-to-earnings ratio of 57.96, above the Financial Services sector average of ~18x. Its free cash flow yield is 5.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 1.7%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Independent Bank Group, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.04 places it in the distress zone, a signal of elevated financial risk.
Company Profile
Independent Bank Group, Inc. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in McKinney, US. The company is led by CEO David R. Brooks. IBTX has traded publicly since 2013.
IBTX Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future, indicating that executives believe in its growth potential.
- Community sentiment has leaned positive, with discussions highlighting strong customer service and community involvement as key strengths.
- Market perception is improving as the regional banking sector shows signs of stability, attracting more investors to reliable institutions like IBTX.
- Analysts are noting the bank's focus on expanding its loan portfolio, which could drive revenue growth in a recovering economy.
Bear Case
- Concerns over rising interest rates could impact profit margins, causing skepticism among some investors about future earnings.
- Community discussions reveal worries about potential regulatory challenges facing regional banks, which could hinder growth prospects.
- Recent bearish sentiment on social platforms reflects fears of economic slowdown affecting loan demand and default rates.
- The competitive landscape in the banking sector remains fierce, with larger banks potentially overshadowing IBTX's growth initiatives.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
IBTX Latest News
No recent news available for IBTX.
Leadership: David R. Brooks
CEO
David R. Brooks serves as the CEO of Independent Bank Group, Inc., leading a team of 1517 employees. His career spans several decades in the banking industry, with a focus on community and regional banking. Brooks has held various leadership positions, contributing to his expertise in strategic planning, risk management, and customer relationship management. His educational background includes a degree in finance and executive management programs.
Track Record: Under David R. Brooks' leadership, Independent Bank Group has expanded its branch network and diversified its loan portfolio. He has overseen strategic acquisitions and implemented technology upgrades to enhance customer service. Key milestones include achieving consistent profitability and maintaining strong asset quality. Brooks has also focused on community involvement and building strong relationships with local businesses and residents.
What Investors Ask About Independent Bank Group, Inc. (IBTX) — Financial Services
What happened to Independent Bank Group, Inc. (IBTX) stock?
Independent Bank Group, Inc. (IBTX) no longer trades on public markets. It was delisted in December 2024. The figures below are historical and are not a current quote.
Can I still buy IBTX shares?
No. IBTX stopped trading on public markets in December 2024, so the shares are not available through a broker. Anything you see quoted for IBTX elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before IBTX stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Independent Bank Group, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Independent Bank Group, Inc. do?
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank, providing a range of commercial banking products and services to businesses, professionals, and individuals in the United States. These services include deposit accounts, commercial and residential loans, and online banking solutions. The company focuses on building relationships with its customers and supporting the communities it serves through its network of 93 full-service branches.
What do analysts say about IBTX stock?
Analyst coverage of Independent Bank Group, Inc. (IBTX) is mixed, with some firms highlighting the company's growth potential in commercial lending and digital banking, while others express concerns about its high P/E ratio and exposure to economic cycles. Key valuation metrics such as price-to-book and price-to-earnings are closely monitored. Investors may want to evaluate these factors and conduct their own due diligence before making investment decisions.
What are the main risks for IBTX?
Independent Bank Group, Inc. faces several risks, including credit risk associated with its loan portfolio, interest rate risk due to fluctuations in market rates, and operational risks related to cybersecurity and regulatory compliance. An economic downturn could lead to increased loan defaults, while rising interest rates could negatively impact borrowing costs.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Financial data is based on information available as of December 31, 2021.
- Market conditions and company performance may have changed since the last financial reporting period.