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Independent Bank Group posts 1Q profit

MCKINNEY, Texas (AP) _ Independent Bank Group Inc. (IBTX) on Monday reported first-quarter earnings of $15.7 million.

The bank, based in McKinney, Texas, said it had earnings of 82 cents per share. Earnings, adjusted for non-recurring costs, came to 84 cents per share.

The bank holding company posted revenue of $60.5 million in the period. Its adjusted revenue was $52.5 million.

Independent Bank Group shares have risen 1 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $63, a rise of 94 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBTX at https://www.zacks.com/ap/IBTX


Keywords: Independent Bank Group, Earnings Report