Independent Bank Group, Inc. Announces Closing of Subordinated Notes Offering
Independent Bank Group, Inc (IBTX)
Last independent bank group, inc earnings: 4/27 05:00 pm
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US:NASDAQ Investor Relations:
independentbankgroup.gcs-web.com/investor-relations
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Source: GlobeNewswire
McKINNEY, Texas, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (Nasdaq:IBTX), the holding company for Independent Bank, today announced the closing of its underwritten public offering of $30 million aggregate principal amount of its 5.00% Fixed-to-Floating Rate Subordinated Notes due December 31, 2027 (the “Notes”). The net proceeds to Independent Bank Group, after deducting the underwriting discount and offering expenses, were approximately $29.3 million. Independent Bank Group intends to use the proceeds of the offering for general corporate purposes, including to increase capital to support continued growth through acquisitions and continued organic growth. The Notes initially bear a fixed interest rate of 5.00% per year, payable semi-annually in arrears. Commencing on December 31, 2022, the interest rate on the Notes will reset on a quarterly basis to the three-month LIBOR rate plus a spread of 283 basis points, payable quarterly in arrears. Independent Bank G
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News
- Independent Bank Group, Inc. (NASDAQ: IBTX) had its price target lowered by analysts at Truist Financial Co. from $52.00 to $46.00. They now have a "buy" rating on the stock.MarketBeat
- Independent Bank Group, Inc. (NASDAQ:IBTX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Independent Bank Group, Inc. (NASDAQ: IBTX) had its price target lowered by analysts at Hovde Group from $53.00 to $46.00. They now have a "market perform" rating on the stock.MarketBeat
- Independent Bank Group, Inc. (NASDAQ: IBTX) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $38.00 price target on the stock, down previously from $48.00.MarketBeat
- Independent Bank Group, Inc. (NASDAQ: IBTX) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $55.00 price target on the stock.MarketBeat
IBTX
Earnings
- 4/22/24 - Beat
IBTX
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 2/26/24 - Form 4
- IBTX's page on the SEC website