Independent Bank Group, Inc. IBTX Income Statement

Independent bank group, inc. (IBTX)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11
Interest income:
Interest and fees on loans
611,589	384,791	290,357	203,577	169,504	135,461	84,350	69,494	57,263
Interest on taxable securities
21,324	14,007	8,229	2,681	2,168	2,803	1,516	1,288	1,767
Interest on nontaxable securities
8,482	4,580	3,877	1,768	1,783	1,429	1,024	828	522
Interest on interest-bearing deposits and other
11,537	3,912	5,451	2,023	572	439	324	280	87
Total interest income
652,932	407,290	307,914	210,049	174,027	140,132	87,214	71,890	59,639
Interest expense:
Interest on deposits
123,384	60,767	28,518	16,075	12,024	9,537	6,974	8,351	9,912
Interest on FHLB advances
10,173	10,264	5,858	4,119	3,077	3,678	3,303	2,383	1,477
Interest Expense, Borrowings
11,590	8,398	6,898	-	-	-	-	-	-
Interest on other borrowings and repurchase agreements
-	-	-	5,428	4,289	2,230	1,461	2,072	1,489
Interest on junior subordinated debentures
3,028	1,609	1,162	621	539	542	543	531	480
Total interest expense
148,175	81,038	42,436	26,243	19,929	15,987	12,281	13,337	13,358
Net interest income
504,757	326,252	265,478	183,806	154,098	124,145	74,933	58,553	46,281
Provision for loan losses
14,805	9,860	8,265	9,440	9,231	5,359	3,822	3,184	1,650
Net interest income after provision for loan losses
489,952	316,392	257,213	174,366	144,867	118,786	71,111	55,369	44,631
Noninterest income:
Service charges on deposit accounts
24,500	14,224	12,955	7,222	6,898	5,884	4,841	3,386	3,383
Investment management and trust
9,330	0	0	-	-	-	-	-	-
Mortgage banking revenue
15,461	15,512	13,755	7,038	5,269	3,953	3,743	4,116	2,654
Loss on sale of loans
6,779	0	351	0	116	1,078	0	0	-
Gain on sale of branches
1,549	0	2,917	-43	0	0	-	38	0
Gain on sale of trust business
1,319	0	0	-	-	-	-	-	-
Gain on sale of other real estate
875	269	-160	57	290	71	1,507	1,135	918
Gain on sale of repossessed assets
0	0	1,010	0	0	-	-	-	-
Gain on sale of securities available for sale
275	-581	124	4	134	362	0	-3	0
(Loss) gain on sale and disposal of premises and equipment
-585	123	-21	32	-358	-22	-18	-343	21
Increase in cash surrender value of BOLI
5,525	3,170	2,748	1,348	1,077	972	348	327	330
Other
13,148	9,507	7,608	3,897	2,702	1,326	600	512	402
Total noninterest income
78,176	42,224	41,287	19,555	16,128	13,624	11,021	9,168	7,708
Noninterest expense:
Salaries and employee benefits
162,683	111,697	95,741	66,762	60,541	52,337	31,836	26,569	21,118
Occupancy
37,654	24,786	22,079	16,101	16,058	13,250	9,042	7,317	6,776
Communications and technology
17,103	10,754	8,597	4,752	3,384	2,080	1,347	1,198	850
FDIC assessment
1,065	3,306	4,311	3,889	2,259	1,797	500	800	1,238
Advertising and public relations
2,527	1,907	1,452	1,107	1,038	835	684	626	589
Communications
5,145	3,353	2,860	2,116	2,219	1,787	1,385	1,334	1,074
Other real estate owned expenses, net
418	318	304	205	169	232	485	220	403
Operations of IBG Adriatica, net
-	-	-	-	-	-	806	832	871
Impairment of other real estate
1,801	85	1,412	106	35	22	549	94	184
Amortization of other intangible assets
12,880	5,739	4,639	1,964	1,555	1,281	703	656	567
Professional fees
7,936	4,556	4,564	3,212	3,191	2,567	1,298	1,104	971
Acquisition expense, including legal
33,445	6,157	12,898	1,517	1,420	3,626	1,956	1,401	0
Other
39,207	25,961	17,956	12,059	11,329	8,698	7,080	5,009	3,998
Total noninterest expense
321,864	198,619	176,813	113,790	103,198	88,512	57,671	47,160	38,639
Income before taxes
246,264	159,997	121,687	80,131	57,797	43,898	24,461	17,377	13,700
Income tax expense
53,528	31,738	45,175	26,591	19,011	14,920	4,661	0	0
Net income
192,736	128,259	76,512	53,540	38,786	28,978	19,800	17,377	13,700
Basic earnings per share (usd per share)
4.46	4.33	2.98	2.89	2.23	1.86	1.78	2.23	2.00
Diluted earnings per share (usd per share)
4.46	4.33	2.97	2.88	2.21	1.85	1.77	2.23	2.00