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EX - 99.1 2 exhibit991q32021.htm EX - 99.1 INDEPENDENT BANK GROUP Exhibit 99.1 Press Release For Immediate Release INDEPENDENT BANK GROUP , INC . REPORTS THIRD QUARTER FINANCIAL RESULTS October 25 , 2021 MCKINNEY , Texas , October 25 , 2021 -- Independent Bank Group , Inc. ( NASDAQ : IBTX ) , the holding company for Independent Bank , today announced net income of $ 52.3 million , or $ 1.21 per diluted share , for the quarter ended September 30 , 2021 , compared to $ 60.1 million , or $ 1.39 per diluted share , for the quarter ended September 30 , 2020 and $ 58.2 million , or $ 1.35 per diluted share , for the quarter ended June 30 , 2021 . Highlights • Organic loan growth of 4.6 % annualized for the quarter , ( excluding warehouse and PPP ) • Strong deposit growth of 12.1 % annualized for the quarter • Net chargeoffs for the quarter less than 0.01 % , annualized • • Repurchased 217,772 shares of common stock for $ 15.2 million aggregate Solid capital levels with an estimated total capital ratio of 13.64 % , leverage ratio of 8.94 % , and ( non - GAAP ) tangible common equity ( TCE ) ratio of 8.37 % " These healthy third quarter results are reflective of continued loan and deposit growth across the strong and growing economies we serve . At the same time , our credit quality metrics remain resilient and continue to be supported by the disciplined approach to banking that remains a key part of our company's identity , " said Independent Bank Group Chairman & CEO David R. Brooks . " Over the past year , we have made significant investments in our teams and infrastructure in order to position our company for continued growth while maintaining solid earnings , growing tangible book value per share , and sustaining strong capital levels . As we look ahead , our loan pipelines continue to be supplied by robust demand from across our footprint , and we remain steadfast in leveraging our position of strength to continue growing alongside our great customers and communities in Texas and Colorado . " 1