Independent Bank Group, Inc Cost of Revenue

Cost of Revenue of IBTX for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).


Highlights and Quick Summary

  • Cost of Revenue for the quarter ending September 29, 2020 was $19.8 Million (a -13.46% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue decreased by -45.5%
  • Annual Cost of Revenue for 2019 was $148 Million (a 82.85% increase from previous year)
  • Annual Cost of Revenue for 2018 was $81 Million (a 90.97% increase from previous year)
  • Annual Cost of Revenue for 2017 was $42.4 Million (a 61.7% increase from previous year)
  • Twelve month Cost of Revenue ending September 29, 2020 was $112 Million (a -15.21% decrease compared to previous quarter)
  • Twelve month trailing Cost of Revenue decreased by -24.32% year-over-year
Trailing Cost of Revenue for the last four month:
29 Sep '20 29 Jun '20 30 Mar '20 30 Dec '19
$112 Million $132 Million $147 Million $148 Million
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Historical Cost of Revenue of Independent Bank Group, Inc

Most recent Cost of Revenueof IBTX including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Independent Bank Group, Inc

Independent Bank Group, Inc Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 $19.79 $22.87 $33.16
2019 $36.32 $39.91 $38.02 $33.92 $148.18
2018 $25.7 $23.02 $18.17 $14.15 $81.04
2017 $12.17 $11.82 $10.38 $8.07 $42.44
2016 $7.38 $7.0 $6.06 $5.8 $26.24
2015 $5.26 $5.04 $4.97 $4.66 $19.93
2014 $4.78 $4.51 $3.67 $3.03 $15.99
2013 $2.89 $2.93 $3.26 $3.21 $12.28
2012 $3.44 $3.3 $3.41 $3.2 $13.34
2011 $13.36
2010 $13.67

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.