Independent Bank Group, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- David R. Brooks
- Full Time Employees
- 1,517
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 7777 Henneman Way McKinney TX United States of America 75070-1711
- IPO Date
- Apr 4, 2013
- CIK
- 0001564618
- Website
- independent-bank.com
- Similar Companies
- Business
- Independent Bank Group, Inc. operates as a bank holding company through its subsidiary, Independent Bank, a Texas state-chartered commercial bank headquartered in McKinney, Texas. The company provides a comprehensive array of commercial banking products and services including business and personal checking and savings accounts; commercial, residential, and consumer loans; wealth management and investment advisory services; mortgage brokerage services; debit and credit card services; mobile and online banking; and payment processing. Independent Bank primarily serves businesses, professionals, and individuals across the Dallas/North Texas, Austin/Central Texas, and Houston metropolitan areas. Founded in 2002, Independent Bank Group has grown to operate multiple banking offices spanning key Texas markets, with total assets reported at around $18.9 billion as of early 2024. The company focuses on relationship-driven banking and providing tailored financial solutions to its regional customer base. In recent major developments, Independent Bank Group was acquired by SouthState Corporation in an all-stock transaction valued at approximately $2 billion, announced in May 2024 with expected completion by the first quarter of 2025. This strategic acquisition aims to expand SouthState’s footprint into Texas and increase total assets to approximately $65 billion. Additionally, in 2025, Independent Bank Corp, an affiliated entity under the broader banking operations, completed the acquisition of Enterprise Bancorp, Inc., adding 27 branch locations in northern Massachusetts and southern New Hampshire, significantly increasing its loan and deposit portfolios. These expansions reflect Independent Bank Group’s strategic growth through acquisitions and regional market presence enhancement, while continuing to offer a broad spectrum of banking, lending, and investment services primarily within Texas and extending into new Northeastern markets post-acquisition.
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