Independent Bank Annual Income Statement (NASDAQ:IBTX)

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$47.3 $0.4 (0.85%) IBTX stock closing price Oct 21, 2016 (Closing)

Financial analysis of Independent Bank involves more than just checking the Independent Bank stock price, by looking at the financial statements of the company in detail. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement for IBTX which implies a YoY revenue growth of $36.4M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. The Independent Bank profit and loss statement for 2015 shows a profit of $38.78M. Profits have grown from $28.97M YoY. Apart from this an investor should also check Independent Bank assets and Independent Bank free cash flow. Independent Bank revenue for 2015 is $190.15M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010
Independent Bank Net Sales or Revenues
Cost Of Goods Sold (COGS)12.02M9.53M6.97M8.35M--
Independent Bank Gross Profit
Research & Development Expense------
Selling General & Admin Expense109.41M88.94M58.28M48.19M--
Income Before Depreciation Depletion Amortization68.71M55.27M32.97M24.51M--
Depreciation Depletion Amortization1.55M1.28M0.7M0.65M--
Non Operating Income1.38M3.6M1.4M1.3M--
Interest Expense7.9M6.45M5.3M4.98M--
Independent Bank Pretax Income
Provision for Income Taxes19.01M14.92M4.66M---
Minority Interest------
Investment Gains Losses------
Other Income------
Income Before Extraordinaries & Disc Operations38.78M28.97M19.8M17.37M9.35M8.77M
Extraordinary Items & Discontinued Operations------
Independent Bank Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS17.41M15.56M11.21M7.65M6.68M6.52M
Average Shares used to compute Basic EPS17.32M15.46M11.14M7.63M6.67M6.52M
Income Before Nonrecurring Items38.79M34.43M17.45M12.15M9.36M8.78M
Income from Nonrecurring Items--5.45M2.36M---
Independent Bank Earnings Per Share Basic Net
Independent Bank Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items2.212.201.561.561.371.31
Preferred Dividends Acc Pd------
Dividends Common------
Dividend Per Share Common0.320.240.12---
All figures in USD. M: Millions of USD, B: Billions of USD.

The key things to look for in an income statement while doing Independent Bank stock analysis are:
  • Topline: A growing topline, as seen from the Independent Bank revenue chart, as is the case with Independent Bank indicates a growing business. One needs to compare the QoQ or YoY topline growth of IBTX stock with its peers like FBP stock and CSFL stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. IBTX stock had a healthy bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with Independent Bank historical stock prices provides a lot of details about the firm. .

Independent Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield