Independent Bank Group Reports Q4 EPS Beats Estimate

Independent Bank Group shares drifted slightly lower in post-market trading after the company reported Q4 adjusted earnings of $0.83 per diluted share compared with an income of $0.63 per share a year ago, beating the $0.80 average EPS estimate from analysts polled by Capital IQ.

Revenue over the three months that ended Dec. 31 climbed to $51.8 million from $46.4 million a year ago, coming in about in line with the $52-million consensus.

“The Carlile Bancshares acquisition is another big step forward for our Company, expanding our presence in North and Central Texas and providing entry into the Colorado banking market,” said Independent Bank Group Chief Executive Officer David Brooks. “We look forward to closing this acquisition and to a successful 2017.”

By Travis Berry