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Stock impact report

Independent Bank Group Reports Fourth 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, Jan. 29, 2018 (GLOBE NEWSWIRE) -- Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, today announced net income of $19.2 million, or $0.68 per diluted share, for the quarter ended December 31, 2017 compared to $14.8 million, or $0.79 per diluted share, for the quarter ended December 31, 2016 and $23.5 million, or $0.84 per diluted share, for the quarter ended September 30, 2017. For the year ended December 31, 2017, the Company reported net income of $76.5 million, or $2.97 per diluted share, compared to $53.5 million, or $2.88 per diluted share, for the year ended December 31, 2016. Fourth quarter and year end 2017 net income and earnings per share were negatively impacted by a $5.5 million charge to remeasure deferred taxes as a result of the enactment of the Tax Cuts and Jobs Act.  The effect on diluted earnings per share for fourth quarter and year end 2017 is $0.20 and $0.22, respectively. Highlights Solid earnings with in Show less Read more
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