Independent Bank Group, Inc Gross Margin

Gross Margin of IBTX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending September 29, 2020 was 88.82% (a 2.03% increase compared to previous quarter)
  • Year-over-year quarterly Gross Margin increased by 10.87%
  • Annual Gross Margin for 2019 was 79.73% (a -2.73% decrease from previous year)
  • Annual Gross Margin for 2018 was 81.97% (a -6.69% decrease from previous year)
  • Annual Gross Margin for 2017 was 87.85% (a -0.81% decrease from previous year)
  • Twelve month Gross Margin ending September 29, 2020 was 84.14% (a 2.99% increase compared to previous quarter)
  • Twelve month trailing Gross Margin increased by 5.53% year-over-year
Trailing Gross Margin for the last four month:
29 Sep '20 29 Jun '20 30 Mar '20 30 Dec '19
84.14% 81.7% 79.81% 79.73%
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Historical Gross Margin of Independent Bank Group, Inc

Most recent Gross Marginof IBTX including historical data for past 10 years.

Interactive Chart of Gross Margin of Independent Bank Group, Inc

Independent Bank Group, Inc Gross Margin for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 88.82% 87.05% 80.6%
2019 80.11% 79.28% 79.32% 80.28% 79.73%
2018 79.06% 81.14% 83.05% 85.5% 81.97%
2017 87.95% 87.79% 88.57% 86.66% 87.85%
2016 87.52% 87.86% 89.35% 89.62% 88.57%
2015 89.81% 89.26% 89.4% 89.58% 89.52%
2014 89.82% 89.04% 90.38% 88.99% 89.6%
2013 88.98% 87.95% 86.34% 86.56% 87.5%
2012 85.86% 83.94% 82.37% 81.58% 83.55%
2011 80.17%
2010 78.61%

Business Profile of Independent Bank Group, Inc

Sector: Financial Services
Industry: Banks—Regional
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment lease financing, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2019, the company operated 93 branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.