Independent Bank Income Statement - Quarterly (NASDAQ:IBTX)

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$62.3 $0.7 (1.11%) IBTX stock closing price Dec 02, 2016 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Independent Bank stock price alone is not sufficient. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $56.87M to $57.67M and how operating and non operating activities have impacted the IBTX stock. One also needs to look at Independent Bank assets, operating expenses and Independent Bank free cash flow. The profit and loss statement shows revenue of $57.67M for 2016-Q3. Revenue has grown by $0.8M QoQ for IBTX stock. View details of revenue and profits for Independent Bank for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Independent Bank Net Sales or Revenues
57.67M56.87M55.93M51.67M46.93M46.86M44.7M46.91M41.15M38.2M
Cost Of Goods Sold (COGS)4.04M3.92M3.65M3.25M3.06M3.01M2.7M2.67M2.53M2.43M
Independent Bank Gross Profit
53.62M52.94M52.28M48.45M43.86M43.83M41.99M44.25M38.62M35.76M
Research & Development Expense----------
Selling General & Admin Expense28.46M32.56M30.33M29.42M29.09M25.69M25.21M25.27M22.12M24.9M
Income Before Depreciation Depletion Amortization25.15M20.38M21.94M19.03M14.76M18.14M16.78M18.99M16.49M10.86M
Depreciation Depletion Amortization0.49M0.49M0.48M0.46M0.36M0.36M0.37M0.44M0.36M0.29M
Non Operating Income-0.04M0.09M0.58M0.63M0.28M-0.47M1.01M0.6M1.52M
Interest Expense2.95M2.13M2.15M2.05M1.97M1.94M1.94M2.13M1.97M1.23M
Independent Bank Pretax Income
21.65M17.66M18.61M15.92M12.12M15.77M13.98M15.45M13.5M7.8M
Provision for Income Taxes7.15M5.85M6.16M5.36M3.92M5.2M4.53M5.37M4.54M2.68M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations14.5M11.81M12.45M10.56M8.2M10.57M9.45M10.1M8.96M5.12M
Extraordinary Items & Discontinued Operations----------
Independent Bank Net Income (Profit/Loss)
14.5M11.81M12.45M10.56M8.2M10.57M9.45M10.1M8.96M5.12M
Average Shares used to compute Diluted EPS18.57M18.47M18.53M18.05M17.2M17.2M17.17M17.12M16.47M15.89M
Average Shares used to compute Basic EPS18.48M18.48M18.44M17.97M17.11M17.11M17.09M17.03M16.37M15.79M
Income Before Nonrecurring Items14.5M13.76M12.45M10.56M8.92M10.57M10.23M10.89M9.55M9.02M
Income from Nonrecurring Items--1.96M---0.72M--0.78M-0.79M-0.59M-3.9M
Independent Bank Earnings Per Share Basic Net
0.780.640.670.580.480.610.550.590.540.32
Independent Bank Earnings Per Share Diluted Net
0.780.640.670.580.470.610.550.590.540.32
EPS Diluted Before Nonrecurring Items0.780.740.670.580.520.610.600.640.580.57
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.080.080.080.080.080.080.080.060.060.06
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Independent Bank stock analysis. An investor must check the following items in an income statement:
  • 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 UBSH stock and FBP stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $57.67M - other expenses = $14.5M for IBTX stock. An improving bottomline implies that the company is growing profits.
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)
23.3330
PS ratio (
price sales ratio
)
5.1828
Operating margin
42.8
Net profit margin
25.1
Dividend yield
0.51%