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Stock impact report

Independent Bank Group Reports Third Quarter Financial Results

Independent Bank Group, Inc (IBTX) 
Last independent bank group, inc earnings: 4/27 05:00 pm Check Earnings Report
Company Research Source: GlobeNewswire
McKINNEY, Texas, Oct. 22, 2018 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (NASDAQ: IBTX), the holding company for Independent Bank, today announced net income of $35.7 million, or $1.17 per diluted share, for the quarter ended September 30, 2018 compared to $23.5 million, or $0.84 per diluted share, for the quarter ended September 30, 2017 and $29.6 million, or $1.02 per diluted share, for the quarter ended June 30, 2018. For 2018, net income and earnings per share were positively impacted by the 14% reduction of the corporate U.S. statutory federal tax rate from 35% to 21% as a result of the enactment of the Tax Cuts and Jobs Act (TCJA), which became effective January 1, 2018. Highlights Adjusted (non-GAAP) net income was $36.6 million, or $1.20 per diluted share, compared to $32.2 million, or $1.11 per diluted share, for second quarter 2018Net interest income increased 9.3% compared to second quarter 2018Adjusted (non-GAAP) return on average assets and return on average e Show less Read more
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