Independent Bank Group, Inc ROIC

ROIC of IBTX for past 10 years: annual, quarterly and twelve month trailing (TTM) including ROIC growth rates and interactive chart. Return on invested capital (ROIC) is a calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. Calculated as Net Operating Profit After Tax or EBIT*(1-tax rate) divided by average invested capital. Invested capital is calculated as equity plus long-term and short-term debt minus cash and short-term investments. ROIC is often compared to the Weighted average cost of capital (WACC). If it's above it, it is said the company is creating value, if it's below it's destroying it. A company with after tax operating profit of $10 million and invested capital of $50 million will have a ROIC of 20%.


Highlights and Quick Summary

  • Annual ROIC for 2019 was 7.49% (a 39.22% increase from previous year)
  • Annual ROIC for 2018 was 5.38% (a 0.37% increase from previous year)
  • Annual ROIC for 2017 was 5.36% (a -21.29% decrease from previous year)
  • Twelve month ROIC ending September 29, 2020 was 9.5% (a 11.63% increase compared to previous quarter)
  • Twelve month trailing ROIC increased by 26.67% year-over-year
Trailing ROIC for the last four month:
29 Sep '20 29 Jun '20 30 Mar '20 30 Dec '19
9.5% 8.51% 6.49% 7.5%
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Historical ROIC of Independent Bank Group, Inc

Most recent ROICof IBTX including historical data for past 10 years.

Interactive Chart of ROIC of Independent Bank Group, Inc

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

Year Q1 Q2 Q3 Q4 Fiscal Year
2019 7.49%
2018 5.38%
2017 5.36%
2016 6.81%
2015 5.81%
2014 5.49%
2013 4.76%
2012 5.41%
2011 6.06%
2010 12.86%

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.