Independent Bank provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and community organizations. The Company also offers a complete suite of consumer financial products to meet the personal needs of individuals and families; including checking, savings, loans and convenience services.
Type
Public
HQ
McKinney, US
Founded
1864
Size (employees)
577 (est)
Independent Bank was founded in 1864 and is headquartered in McKinney, US
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Independent Bank Office Locations

Independent Bank has offices in Manor, Loveland, Little Elm, Lewisville and in 32 other locations
McKinney, US (HQ)
1600 Redbud Boulevard
Anna, US
1427 W White St
Argyle, US
100 Old Town Blvd S
Austin, US
100 101 Westlake Dr
Austin, US
100 1011 W 40th St
Burleson, US
201 W Ellison St
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Independent Bank Financials and Metrics

Independent Bank Financials

Independent Bank's revenue was reported to be $229.60 m in FY, 2016 which is a 20.7% increase from the previous period.
USD

Net income (FY, 2017)

76.5 m

EBIT (FY, 2017)

257.2 m

Market capitalization (25-Apr-2018)

1.8 b

Cash (31-Dec-2017)

431.1 m

EV

1.9 b
Independent Bank's current market capitalization is $1.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

87.2 m153.8 m190.2 m229.6 m

Revenue growth, %

76%24%21%

Cost of goods sold

19.9 m26.2 m42.4 m

Gross profit

170.2 m203.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

46.9 m46.9 m55.9 m56.9 m57.7 m60.5 m90.9 m96.8 m

Cost of goods sold

5 m5 m5.8 m6.1 m7 m8.1 m10.4 m11.8 m

Gross profit

41.9 m41.9 m50.1 m50.8 m50.7 m52.5 m80.5 m85 m

Gross profit Margin, %

89%89%90%89%88%87%89%88%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

93.1 m324 m293.3 m505 m431.1 m

Accounts Receivable

Inventories

PP&E

72.7 m88.9 m93 m89.9 m147.8 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

120.3 m97.7 m192.5 m249.8 m358.8 m424.2 m354 m356.5 m436.6 m589.6 m515.1 m579.9 m763 m

PP&E

73.5 m74.5 m81.3 m81.8 m88.2 m88.1 m91.2 m92.6 m93.2 m89.9 m88.3 m151.2 m155.7 m

Goodwill

28.7 m42.6 m207.2 m207.6 m229.6 m229.8 m229.8 m258.3 m258.3 m258.3 m258.3 m607.3 m606.7 m

Total Assets

2 b2.4 b3.7 b3.7 b4.3 b4.4 b4.5 b5.3 b5.4 b5.7 b6 b8.6 b8.9 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

19.8 m29 m38.8 m53.5 m76.5 m

Depreciation and Amortization

4.3 m5.3 m6.3 m6.8 m8.2 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

4 m4.8 m9.9 m18.9 m9.5 m20 m28.2 m12.5 m24.3 m38.8 m15.7 m33.8 m57.3 m

Depreciation and Amortization

1.1 m2.4 m3.8 m1.5 m3.1 m4.6 m1.6 m3.3 m5 m1.8 m4 m6.2 m

Cash From Operating Activities

7 m8.3 m24 m4.3 m19.1 m37.1 m24 m34.6 m60.8 m26.9 m31.2 m70.2 m

Purchases of PP&E

(8.7 m)(21.5 m)(28.4 m)(156.6 m)(522.6 m)(44.8 m)(417.9 m)(1.1 b)(43.9 m)(778 m)(1.5 b)
USDY, 2017

EV/EBIT

7.5 x

EV/CFO

23.4 x

Financial Leverage

6.5 x
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Independent Bank Operating Metrics

Independent Bank's Total Loans was reported to be $6.3b in Q2, 2017.
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