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Independent Bank Group, Inc. Reports First Quarter Financial Results And Declares Quarterly Dividend

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Mackini, Texas, April 25, 2022 – (Business Wire) – Independent Bank Group, Inc. , Or $ 1. $ 26 for shares.

The company also announced a quarterly earnings per share of the company's board of directors for $ 0.38 per share. Shares will be distributed to shareholders on May 5, 2022, starting on May 19, 2022.

Strong points;

  • Net income $ 50.7 million, or $ 1.18 per share; Adjusted net income (non-GAAP) was $ 52.1 million or $ 1.22 per share.

  • Quarterly organic debt grew 13.1% year-on-year (excluding PPP stock)

  • Continued strong credit metrics with a worrying asset ratio of 0.40%.

  • Net interest rate rose 3.00% in the same quarter to 3.22%.

  • Strongly capitalized 13.72% of the estimated total capital ratio, utility ratio 9.38% ያልሆኑ (non-GAAP) material capital ratio (TCE) 8.62%.

  • "We are pleased with the results of the first quarter, which reflect the continued discipline of our teams in Texas and Colorado," said David R. Brooks, president and CEO of the Free Bank Group. "Good quarterly loan demand has allowed us to offer 13.1% annual loan growth out of borrowers outside PPP shares, as these healthy growth rates reflect their combined efforts." Looking ahead, we are confident of our market strength. They are encouraged to stay on the path to sustainable development.

    Results for the first quarter of 2022

    The story continues

    Interest income

  • Net profit in the first quarter of 2022 was $ 131.1 million, with $ 129.7 million in the first quarter of 2021 and $ 132.7 million in the fourth quarter of 2021. As well as higher equity returns due to portfolio growth and lower product growth. Compared to the same quarter, a modest reduction was mainly due to the low loan earnings (PPP) loans and low interest rates for deposits. The first quarter of 2022 includes a $ 3.6 million loan increase from $ 5.7 million in Q4 2021 to $ 6.2 million in Q1 2021. In addition, the quarterly net – recorded $ 1.2 million interest on PPP. Compared to March 31, 2022, total payments will remain at $ 1.3 million, compared to $ 4.8 million in the first quarter of 2021 and $ 4.0 million in the fourth quarter.

  • Average total interest deficit increased by $ 533.8 million to $ 16.5 billion in the first quarter of March 31, 2022 from $ 16.0 billion in the quarter to March 31, 2021, $ 17.5 billion and $ 1.0 billion in decline. The quarter ended December 31, 2021. Last year's growth was mainly due to the increase in interest rates last year, offsetting the net debt reduction on average, mainly by lowering commodities. PPP Loans Mortgage Forgiveness During The Year. The quarterly decline was mainly due to a $ 1.3 billion average interest rate deficit, offsetting an average increase of $ 230.7 million.

  • Interest-bearing assets accounted for 3.46% in the first quarter of 2022, 3.75% in the first quarter of 2021 and 3.30% in the fourth quarter of 2021. The result. Increased repayments on securities and low-income deposits will be offset by a reduction on the repayment of the loan by the reduction of the above return. Last year's decline was due to a total annual decline in loans and guarantees. Average loan, net worth of all premiums, PPP revenue was 4.09% for the current quarter, 4.07% for the corresponding quarter, and 4.06% for the previous year.

  • Interest rates, including loans, rose 0.36% in the first quarter of 2022, 0.67% in the first quarter of 2021 and 0.46% in the fourth quarter of 2021, mainly due to lower interest rates.

  • The net interest rate for the first quarter of 2022 was 3.22%, 3.29% for the first quarter of 2021 and 3.00% for the fourth quarter of 2021. The net interest rate, excluding gross growth, was 3.13%, the same as last year. The first quarter is 2022, the same as 2022. For Q1 – 2087% և 2. For Q4 2021. Decrease in net interest margins year-on-year is mainly due to asset performance deficit, with cash holdings showing a $ 2.6 million deficit. Financial costs for interest-bearing debt have been reduced. The related quarterly growth was mainly driven by low interest rates, high bond yields and low deposit costs.

  • Interest-free income

  • Gross interest was $ 5.7 million in the first quarter of 2021 and $ 2.2 million in the fourth quarter of 2021.

  • Last year's quarterly decline was mainly due to lower mortgage bank revenues of $ 4.5 million, $ 1.05 million and $ 537,000, respectively, with an increase of $ 459 in repurchase mortgages. 1.0 million euros with other non-interest income.

  • Mortgage bank revenues in the first quarter of 2022 are lower than in the previous quarter, reflecting lower margins due to lower rates throughout the year. Banks' mortgage depreciation contributed to $ 320,000 equities in Q1 2022, $ 323,000 in Q1 2021 and losses of $ 379,000. Each in 2021

  • Other interest-free revenues increased in the first quarter of 2022, mainly due to BOLI receipts of $ 784,000.

  • Interest-free expenses

  • Total interest expenditures increased by $ 7.3 million in the first quarter of 2021 and $ 2.5 million in the fourth quarter of 2021.

  • In the first quarter of 2022, over-the-year non-interest expenditure was mainly due to $ 5.9 million in wages, benefits and $ 922,000 in other interest-free expenses.

  • The net increase in interest rates in the first quarter of 2022 is mainly due to a $ 3.3 million increase in wages and benefits by $ 1.2 million compared to the same quarter. Dollars adjusted.

  • Salary increases and benefits from last year include $ 4.8 million in wages, bonuses, payroll taxes, insurance costs, and 401 (k) employees. A.D. In the first quarter of 2022, annual subsidies increased by annual wages. Compensation for this increase was a $ 1.8 million commission – low mortgage incentives due to low annual turnover. Life. In addition, delayed wage expenditure in the first quarter of 2021, which reduced gross domestic product (GDP), increased by $ 3.3 million a year due to the second quarter of 2021. Q1 2022 reflects the lowest stock price deficit – $ 791,000, including $ 650,000 non-recurring compensation per year or the associated expedited expense in Q1 2021.

  • The quarterly increase is due to an increase of $ 1.2 million in wages, which is higher than in the first quarter of the season, in addition to the wage taxes recorded at the annual course promotions. There was an increase of $ 633,000 in 401 (k) expenses, mainly related to annual meeting bonuses. The rest of the increase came from wage increases, health insurance and contract projects, as well as compensation for low-quarter mortgages.

  • Annual interest-free increase is due to the increase in business development, grocery, travel, insurance and other expenses, while the quarterly decline shows the decline in charitable investment. Ready

  • Offer for loan losses

  • The company In the first quarter of 2022, it reported a $ 1.4 million debt loss compared to $ 2.5 million in the first quarter of 2021 compared to the corresponding quarterly supply of the Nile. It has $ 2.2 million in debt for the current quarter, which is $ 757,000 off the net. The reserve price for a given period of time is mainly due to changes in various factors, such as economic conditions, quality of credit, delayed trends, as well as loan growth, special payments or reserves received during that period. Last year's quarterly net or zero-sum loan showed mainly improved economic forecasts.

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  • Credit loss was $ 146.3 million, or 1.22% of total non-mortgage investment loans from March 31, 2022 to March 31, 2021, or $ 165.8 million. For 42% compared to December 31, 2021 compared to $ 148.7 million or 1.28 percent. The declining interest rate against the dollar over the previous quarter is mainly due to the fluctuating economic forecast, in addition to the net payments received, in addition to the current cost of loan growth.

  • Compared to March 31, 2022, $ 1.1 million, and December 31, 2021, $ 4.7 million, as of March 31, 2022, was $ 5.5 million. The amount of use for a particular loan sector. Compensation for the loss of interest in the SFR construction portfolio is mainly explained by the increase in the related quarter due to the expected increase in the use of non-financial debts due to the increase in the company's business and energy portfolios.

  • Income tax

  • In the first quarter of 2022, the federal tax expenditure was $ 12.3 million, the effective tax rate was 19.5%, or $ 15.7 million, the effective tax rate was 20.8% of the previous quarter, and the tax expenditure was $ 13.6 million. Effective interest rate for the relevant quarter. Effective tax cuts in the first quarter of 2022 compared to the previous quarter in terms of good regulation related to real estate donations in the first quarter of 2022, as well as reflecting the change of ancestors: Decrease in government payments. Annual amount.

  • Major results for the first quarter of 2022 balance sheet

    Loan loan

  • Total investment-supported loans, mortgage-backed loans were $ 12.0 billion as of March 31, 2022, $ 31.7 billion as of December 31, 2021, and $ 11.7 billion as of December 31, 2021. March 2021 PPP. $ 67.0 million, $ 112.1 million – dollars. 912 March 31, 2022, December 31, 2021, and March 31, 2021 respectively. For the first quarter of 2022, non-PPP loans and loans increased by $ 372.1 million, or 13.1% year-over-year.

  • Average quarterly loans went up from $ 801.7 million on December 31, 2022 to $ 549.6 million on December 31, 2021, and returned $ 252.1 million, or $ 252.1 million, on March 31, 2021. $ 602.0 million quarterly, down 52.3 percent year-over-year. Quarterly changes prior to the corresponding year reflect weak demand, lower volumes, higher loan rates, and shorter tenure periods.

  • Asset quality-

  • As of March 31, 2022, non-performing assets were down $ 71.1 million or 0.40% from total assets to $ 57.5 million or 0.31% of total assets compared to December 31, 2021, an increase of $ 61.0 million or 0.34. Percentage of total assets as of March 31, 2021.

  • As of March 31, 2022, total non-performing loans increased to $ 71.0 million, or 0.59%, from $ 60.4 million, or 0.52%, to $ 57.3 million, or $ 0.49%, from $ 31.2021. March 31, 2021

  • Compared to the corresponding quarter, the increase in non-performing loans and non-performing assets was mainly $ 15.3 million in commercial real estate loans in settlements or major discounts in the first quarter of 2022. Loan. Other unemployed.

  • Compared to the previous year, the increase in loans and real estate was $ 15.3 million, with commercial real estate loans and other commercial real estate loans totaling $ 11.7 million. $ 14.4 million, a total of $ 30.8 million in unpaid loans and $ 475,000 net worth is offset by other real estate.

  • Payments for the first quarter of 2022 were down 0.01%, up from 0.10% in the corresponding quarter compared to 0.01% over the previous quarter. The increase in price plans for the fourth quarter of 2021 is mainly due to the $ 3.0 million price tag related to the PCD lease portfolio.

  • Deposits, loans and cash

  • A.D. As of March 31, 2022, the total deposits were $ 14.9 billion compared to December 31, 2021, and $ 14.8 billion by March 31, 2021. Depreciation on a quarterly basis is mainly due to the Ministry of Finance. . It will continue after the professional association raises interest rates and finalizes the bankruptcy manager's application.

  • Total loans (excluding microfinance) were $ 419.5 million as of March 31, 2022, $ 13.8 million as of December 31, 2021 and $ 263.8 million as of March 31, 2021 million. The change includes a $ 225 million reduction on FHB advance payments and a $ 40.0 million down payment in the third quarter of 2021. The change in the corresponding quarter shows a $ 14.0 million net payment on the company's unsecured credit line.

  • Equity Capital

  • The company remains well positioned in the regulatory guidelines. A.D. As of March 31, 2022, Venture Capital Level 1 investments ranged from Average Level 1 investments to Level 1 Capital and Risk Assets – Total Capital – Risk Assets 11.09%, 9.38%, 11, 48%. 13.72% ፡ 11.12%, 8.80%, 11.52% ÷ 13.67% from 31 December 2021 and 10.94%, 9.01%, 11.36% ÷ 14, 13% from 31 March 2021.

  • Other events

    The company is expected to review future growth in line with generally accepted accounting principles as it submits its consolidated financial statements for the quarter to March 31, 2022. Ընկերությունը գնահատել հետագա մինչեւ մինչեւ մինչեւ մինչեւ արված արված արված ենթադրությունների ներկայացված կճշգրտի կճշգրտի կճշգրտի ներկայացված ներկայացված ներկայացված ներկայացված ներկայացված ներկայացված ներկայացված ենթադրությունների ներկայացված ներկայացված ներկայացված ներկայացված ներկայացված արված ենթադրությունների արված արված ենթադրությունների ենթադրությունների ենթադրությունների ենթադրությունների կարեւոր ենթադրությունների ենթադրությունների ենթադրությունների ենթադրությունների կարեւոր եթադդդւթյււննթադդւթյւթյււնիիթ եթադդդւթյււննթադդւթյւթյււնիիթ եթդդւթյւթյւնիիադդդւթյււնիադդդւթյւնվի վվաավաավակճշգավա նվապպ նվխխ նվխխ նվխխ

    Independent Banking Group, Inc.- մասին

    Independent Bank Group, Inc. "քաղաքում քաղաքում քաղաքում քաղաքում քաղաքում քաղաքում քաղաքում քաղաքում քաղաքում քաղաքում իր իր ձեռնարկության ձեռնարկության: -" "շուկայական շուկայական շրջաններում են տեխա տեխա- սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը սփրինգսը ዑ ዑ ዑ ሽ ዑ ሳ፧ እዩ սփրինգսը

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    Համապատասխան ընկերության մեկնաբանությունները հրապարակումները պարունակել պարունակել պարունակել հայտարարություններ թվականի բարեփոխումների բարեփոխումների իմա իմա իմա իմա անորոշությունների համապատասխան համապատասխան համապատասխան համապատասխան համապատասխան. ይቅርታ համապատասխան արժեթղթերի արժեթղթերի արժեթղթերի եւ եւ 1934 պահու- "ሰ ይቅርታ մա գնահատվում,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ", Gigi", "Gigi", "see", "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" "" ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ) արտահայտություններ արտահայտություններ արտահայտություններ ցույց ցույց տալի է ապագա արդյունքին արդյունքին արդյունքին կամ կամ նպատակին նպատակին նպատակին նպատակին նպատակին ընկերության հեռանկարային նրա ենթադրությունների վրա, բիզնե բիզնե բիզնե ընթացիկ ընթացիկ արդյունքները են չեն դրանով դրանով. 1). հաճախորդների, հաճախորդների, ակտիվների արդյունքների վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա ሓ ሓ ሓ ሓ ሓ???????????????????? ??????????????? ??????????????? ??????????????? ??????????????? ???????????????? ??????????????? ??????????????? ??????????????? ??????????????? ??????????????? ????????? What is the required number? աջակցելու վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա վրա աշխատակիցների աշխատակիցների աշխատակիցների ակտիվների ֆինան ֆինան ֆինան աճի տեմպերին աճի աճի աճի աջակցելու աջակցելու. 3) փոփոխություններ աշխարհաքաղաքական, գործարար տնտեսական իրադարձությունների երեւույթների, երեւույթների եւ, ներառյալ գնաճի գնանկման տեմպերի ազգային փոփոխությունները, տարածաշրջանային եւ թիրախային շուկաներում տեխասում տեխասում եւ. 4) բիզնեսի տնտեսական պայմանների ազգային ազգային, տարածաշրջանային ընկերության թիրախային շուկաներում, մասնավորապես տեխասում կոլորադոյում, եւ աշխարհագրական տարածքներում որտեղ, որտեղ գործում ընկերությունը. 5) Seventh: 6) Nhaloot Tmirti Halot Sebat Nkhalot Sebat Zedliom told her to help and look at this. 7) ակտիվների որակի փոփոխություններ, ներառյալ վարկերի տոկոսադրույքների բարձրացումը եւ չաշխատող եւ վարկերի մարումների մակարդակները մակարդակները. 8) անկախ վարկային վարկային կենտրոնացումը, ֆինանսական ավարտից ավարտից առաջ եւ հետո, առեւտրային եւ գույքի վարկերի եւ առեւտրային եւ բնակելի, արժեքների եւ վաճառքի փոփոխության. 9) Cash Free -) զզզւտւտսսս տաժկանլպ մապման կարմանկպ կըդպանլպ կըդպանլպ կըդկանլւմլի նըկկաոոյւմքւմ եեկաոոոյքւմ եեկկույքլիւմ)) եւ ֆինանսական արված արված եւ եւ անճշտությունը, որ ընկերությունը վարկերի վարկերի արված ընդհանրապես գնահատումների գնահատումների համար համար. 11) իացվցվլիւթյան բացայայյւթյւթյւթյանըյդյդւթյւթյան ըրւթյւթյան կայ իիայկծծւթյաւռսկած ռռսսսւլիւթյւթյ հհսսւկկիկիկի հհսսւասկի հհտտւաքկիկիկիկիիիիիււաքկիկիկի 12) ըըկվւթյւթյան գասսան ֆիֆիասման կասման ֆիասման ֆիասման ֆիասստանյլկկեաադդիյլդիիիիադադդդիիիի ավադվդդիիիի ավադվդդիիւմւմ ավադվդդիւմւմւմ ավադադդդիւմւմ վվավադդդլիւմ վվավադդդացցւմւմ վվադադդլացցւմւմ վվադադդլացցւմւմւմ 13) ንኻልኦት ሰባት ንእሽቶ ኽትከውን ትኽእል ኢኻ። 14) կապիտադդ մաւթյկկւթյաւթյ ւթյւթյան կկկալվալվ բակկալվկւ բակւմալվլվւ բամւմւմւմ բաջւմւմւմ պահաջջջււ պահաջջջււ պահաջջջեւ կգգաջջեեւ կգգաջջեեւ կգգաջջեեկագգավվղղ 15) շուկայական տոկոսադրույքների տոկոսադրույքների, որոնք ընկերության կողմից գնվող ֆինանսական հաստատություններից հաստատություններից յուրաքանչյուրի եւ ավանդների գնի վրա, եւ ազդում են զուտ տոկոսային տոկոսային, այլ ապագա շուկայական վրա վրա, եւ յուրաքանչյուրի վրա. ፋሲልናልሳን ስታይል፣ ጆርኮናል እናስማር። 16) ըըկաւթյ պահվահվանան վշւկացվան պշւկացվանանանանան վշւկացվցվցվլիլիլիան տւացվցվցվլիլիան, տտտըըսյդյդ տտտկյդյդսյդ `տտտկւյքսսյդ տ `տկւյքւյքաքդդ` հհտտւյքւաքդդ `իտտւււվվվվ 17) մրցակցության ֆինանսական ֆինանսական, ներդրումային ապահովագրական ծառայությունների լայն տեսականի տեսականի, տարածաշրջանային, ազգային եւ մատակարարների մատակարարների. 18) տնտեսական և շուկայական պայմանների փոփոխություններ, որոնք ազդում են Ընկերության կողմից ձեռք բերված անկախ ֆինանսական և ֆինանսական հաստատությունների ակտիվների չափի և արժեքի վրա. 19) հիմնարկը և արդյունքը, ինչպես նաև դատական ​​և այլ դատական ​​գործընթացների հետ կապված ծախսերը Ընկերության մեկ կամ մի քանի անկախ ֆինանսական և ֆինանսական հաստատությունների դեմ, որոնք Ընկերությունը ձեռք է բերում կամ որոնց ենթակա են այդպիսի կազմակերպություններից որևէ մեկը. 20) շուկայական պայմանների առաջացումը, որոնք բացասաբար են ազդում ընդհանրապես ֆինանսական ոլորտի վրա. 21) վերջին և ապագա օրենսդրական կարգավորող փոփոխությունների ազդեցությունը, ներառյալ բանկային, արժեթղթերի և հարկային օրենքների և կանոնակարգերի փոփոխությունները և դրանց կիրարկումը Ընկերության կարգավորիչների կողմից, և դաշնային կառավարության քաղաքականության փոփոխությունները, ինչպես նաև կարգավորող պահանջները, որոնք կիրառվում են և բխում են կարգավորող վերահսկողությունից: Ընկերությունը և Independent Financial-ը որպես ֆինանսական հաստատություն, որի ընդհանուր ակտիվները գերազանցում են $10 միլիարդը. 22) հաշվապահական հաշվառման քաղաքականության, գործելակերպի, սկզբունքների և ուղեցույցների փոփոխություններ, որոնք կարող են հաստատվել բանկերի կարգավորող մարմինների, Ֆինանսական հաշվառման ստանդարտների խորհրդի, SEC-ի և Հանրային ընկերությունների հաշվապահական հաշվառման վերահսկիչ խորհրդի կողմից, ըստ անհրաժեշտության. 23) կառավարության դրամավարկային և հարկաբյուջետային քաղաքականությունը, ներառյալ` ընթացիկ ակնկալվող վարկային կորուստների հաշվառման նոր ստանդարտի ներդրումից բխող փոփոխությունները. 24) FDIC ապահովագրության և այլ ծածկույթների շրջանակի և արժեքի փոփոխություններ. 25) պատերազմի կամ այլ հակամարտությունների հետևանքները, ներառյալ, բայց չսահմանափակվելով Ռուսաստանի և Ուկրաինայի միջև հակամարտությունը, ահաբեկչական գործողությունները (ներառյալ կիբեր հարձակումները) կամ այլ աղետալի իրադարձություններ, ներառյալ բնական աղետները, ինչպիսիք են փոթորիկները, երաշտները, տորնադոները, փոթորիկները և ջրհեղեղներ, որոնք կարող են ազդել ընդհանուր տնտեսական պայմանների վրա. 26) Ընկերության ընթացիկ ծախսերի խնայողությունները, որոնք առաջանում են նախորդ կամ ապագա ձեռքբերումներից, ավելի քիչ են, քան սպասվում էր, Ընկերությունը չի կարողանում իրականացնել այդ ծախսերի խնայողությունները այնքան արագ, որքան ակնկալվում էր, կամ Ընկերությունը կրում է լրացուցիչ կամ անսպասելի ծախսեր. 27) նախորդ կամ ապագա ձեռքբերումներից հետո ընկերության հասույթը սպասվածից ցածր է. 28) likuiditetin dhe ndryshimet në shumat dhe burimet e likuiditetit në dispozicion të Shoqërisë, para dhe pas blerjes së çdo institucioni financiar që Shoqëria fiton; 29) heqja e depozitave, kostot operative, humbja e klientit dhe ndërprerja e biznesit përpara dhe pasi Kompania të përfundoi blerjet, duke përfshirë, pa kufizim, vështirësitë në ruajtjen e marrëdhënieve me punonjësit, mund të jenë më të mëdha se sa pritej Kompania; 30) efektet e kombinimit të operacioneve të institucioneve financiare që Shoqëria ka fituar në të kaluarën e afërt ose mund të fitojë në të ardhmen me operacionet e Shoqërisë dhe operacionet e Independent Financial, efektet e integrimit të këtyre operacioneve janë të pasuksesshme; dhe efektet e një integrimi të tillë janë më të vështira, kërkojnë kohë, ose të kushtueshme sesa pritej ose nuk sjellin kursimet e kostos që Kompania pret; 31) ndikimi i investimeve që mund të ketë bërë ose mund të bëjë Shoqëria ose Financiar i Pavarur dhe ndryshimet në vlerën e atyre investimeve; 32) cilësia e aktiveve të institucioneve financiare dhe shoqërive që Shoqëria ka blerë në të kaluarën e afërt ose mund të fitojë në të ardhmen është e ndryshme nga ajo që ka përcaktuar ose përcaktuar në hetimin e saj të kujdesit të duhur në lidhje me blerjen e këtyre institucioneve financiare dhe të ndonjë pamjaftueshmëria e rezervave të humbjeve të kredisë në lidhje me, dhe ekspozimi ndaj humbjeve të parikuperueshme nga huatë e marra; 33) aftësia e Kompanisë për të vazhduar të identifikojë objektivat e blerjes dhe të përvetësojë me sukses institucionet financiare të dëshirueshme për të mbështetur rritjen e saj, për të zgjeruar praninë e saj në tregjet e Kompanisë dhe për të hyrë në tregje të reja; 34) ndryshimet në kushtet e përgjithshme afariste dhe ekonomike në tregjet në të cilat shoqëria aktualisht vepron dhe mund të operojë në të ardhmen; 35) ndodhin ndryshime në kushtet e biznesit dhe inflacionit në përgjithësi; 36) rritja e shkallës së falimentimit të klientëve personalë ose komercialë në përgjithësi; 37) ndryshimet që lidhen me teknologjinë janë më të vështira për t'u bërë ose janë më të shtrenjta se sa pritej; 38) sulmet ndaj sigurisë dhe shkeljet e sistemeve të informacionit dixhital të Kompanisë dhe Financiare të Pavarur, kostot që i bën Kompania ose Independent Financiar për të ofruar siguri kundër sulmeve të tilla dhe çdo kosto dhe detyrim që Kompania ose Financiar i Pavarur bën në lidhje me ndonjë shkelja e atyre sistemeve; 38) ndikimi i mundshëm i ndryshimeve klimatike dhe rregulloreve qeveritare të lidhura me kompaninë dhe klientët e saj; 39) ndikimi i mundshëm i teknologjisë dhe subjekteve "FinTech" në industrinë bankare në përgjithësi; 40) faktorë të tjerë ekonomikë, konkurrues, qeveritarë, rregullativë, teknologjikë dhe gjeopolitikë që ndikojnë në veprimtarinë, çmimet dhe shërbimet e Shoqërisë; dhe 41) faktorët e tjerë që përshkruhen ose referohen në Pjesën I, Pika 1A, të Raportit Vjetor të Kompanisë mbi Formularin 10-K të paraqitur në KSHZ më 25 shkurt 2022, Raportet Tremujore të Kompanisë në Formularin 10-Q, në secilin rast nën titullin "Faktorët e rrezikut"; dhe Kompania ju nxit të merrni parasysh të gjitha këto rreziqe, pasiguri dhe faktorë të tjerë me kujdes në vlerësimin e të gjitha deklaratave të tilla largpamëse të bëra nga Kompania. Si rezultat i këtyre dhe çështjeve të tjera, duke përfshirë ndryshimet në fakte, supozimet që nuk janë realizuar ose faktorë të tjerë, rezultatet aktuale në lidhje me subjektin e çdo deklarate të largët mund të ndryshojnë materialisht nga rezultatet e pritura të shprehura ose të nënkuptuara në atë të ardhme. deklaratë në kërkim. Çdo deklaratë largpamëse e bërë në këtë dosje ose e bërë nga Kompania në çdo raport, dosje, dokument ose informacion të përfshirë me referencë në këtë dosje, flet vetëm për datën në të cilën është bërë. Kompania nuk merr përsipër të azhurnojë ndonjë deklaratë të tillë largpamëse, qoftë si rezultat i informacionit të ri, zhvillimeve të ardhshme ose ndryshe, përveç rasteve kur kërkohet me ligj. Një deklaratë largpamëse mund të përfshijë një deklaratë të supozimeve ose bazave që qëndrojnë në themel të deklaratës së ardhshme. Kompania beson se këto supozime ose baza janë zgjedhur në mirëbesim dhe se ato janë të arsyeshme. Megjithatë, Kompania ju paralajmëron se supozimet për ndodhitë ose rezultatet e ardhshme pothuajse gjithmonë ndryshojnë nga dukuritë ose rezultatet aktuale në të ardhmen, dhe ndryshimet midis supozimeve dhe dukurive dhe rezultateve aktuale mund të jenë materiale. Prandaj, Kompania ju paralajmëron që të mos mbështeteni të panevojshëm në deklaratat largpamëse të përfshira në këtë dosje ose të përfshira me referencë këtu.

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    Masat financiare jo-GAAP

    Përveç rezultateve të paraqitura në përputhje me PPPK-në, kjo deklaratë për shtyp përmban masa të caktuara financiare jo-GAAP. Këto masa dhe raporte përfshijnë "të ardhurat neto të rregulluara", "fitimet e rregulluara", "vlera kontabël e prekshme", "vlera e prekshme kontabël për aksion të përbashkët", "raporti i rregulluar i efikasitetit", "kapitali i përbashkët i prekshëm ndaj aktiveve të prekshme", "interesi neto i rregulluar marzhi", "kthimi nga kapitali i prekshëm", "kthimi i rregulluar nga aktivet mesatare" dhe "kthimi i rregulluar mbi kapitalin mesatar" dhe janë masa shtesë që nuk kërkohen ose nuk paraqiten në përputhje me parimet e kontabilitetit të pranuara përgjithësisht në Shtetet e Bashkuara. shtetet. Ne e konsiderojmë përdorimin e masave dhe raporteve financiare të zgjedhura jo-GAAP si të dobishme për vendimmarrjen operacionale financiare dhe të dobishme në vlerësimin e krahasimeve nga periudha në periudhë. We believe that these non-GAAP financial measures provide meaningful supplemental information regarding our performance by excluding certain expenditures or assets that we believe are not indicative of our primary business operating results. We believe that management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, analyzing and comparing past, present and future periods.

    We believe that these measures provide useful information to management and investors that is supplementary to our financial condition, results of operations and cash flows computed in accordance with GAAP; however we acknowledge that our financial measures have a number of limitations relative to GAAP financial measures. Certain non-GAAP financial measures exclude items of income, expenditures, expenses, assets, or liabilities, including provisions for credit losses and the effect of goodwill, other intangible assets and income from accretion on acquired loans arising from purchase accounting adjustments, that we believe cause certain aspects of our results of operations or financial condition to be not indicative of our primary operating results. All of these items significantly impact our financial statements. Additionally, the items that we exclude in our adjustments are not necessarily consistent with the items that our peers may exclude from their results of operations and key financial measures and therefore may limit the comparability of similarly named financial measures and ratios. We compensate for these limitations by providing the equivalent GAAP measures whenever we present the non-GAAP financial measures and by including a reconciliation of the impact of the components adjusted for in the non-GAAP financial measure so that both measures and the individual components may be considered when analyzing our performance.

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    A reconciliation of our non-GAAP financial measures to the comparable GAAP financial measures is included at the end of the financial statements tables.

    Independent Bank Group, Inc. and Subsidiaries

    Consolidated Financial Data

    Three Months Ended March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021

    (Dollars in thousands, except for share data)

    (Unaudited)

    As of and for the Quarter Ended

    March 31,2022

    December 31,2021

    September 30,2021

    June 30,2021

    March 31,2021

    Selected Income Statement Data

    Interest income

    $

    140,865

    $

    145,954

    $

    144,032

    $

    145,805

    $

    147,771

    Interest expense

    9,717

    13,303

    15,387

    16,508

    18,042

    Net interest income

    131,148

    132,651

    128,645

    129,297

    129,729

    Provision for credit losses

    (1,443

    )

    (6,500

    )

    (2,500

    )

    Net interest income after provision for credit losses

    132,591

    132,651

    128,645

    135,797

    132,229

    Noninterest income

    12,885

    15,086

    16,896

    15,926

    18,609

    Noninterest expense

    82,457

    79,908

    80,572

    78,013

    75,113

    Income tax expense

    12,279

    13,642

    12,629

    15,467

    15,745

    Net income

    50,740

    54,187

    52,340

    58,243

    59,980

    Adjusted net income (1)

    52,130

    54,995

    52,570

    58,243

    60,084

    Per Share Data (Common Stock)

    Earnings:

    Basic

    $

    1.19

    $

    1.26

    $

    1.22

    $

    1.35

    $

    1.39

    Diluted

    1.18

    1.26

    1.21

    1.35

    1.39

    Adjusted earnings:

    Basic (1)

    1.22

    1.28

    1.22

    1.35

    1.39

    Diluted (1)

    1.22

    1.28

    1.22

    1.35

    1.39

    Dividends

    0.38

    0.36

    0.34

    0.32

    0.30

    Book value

    58.94

    60.26

    59.77

    58.89

    57.72

    Tangible book value (1)

    34.02

    35.25

    34.79

    33.98

    32.74

    Common shares outstanding

    42,795,228

    42,756,234

    42,941,715

    43,180,607

    43,193,257

    Weighted average basic shares outstanding (2)

    42,768,079

    42,874,182

    43,044,683

    43,188,050

    43,178,522

    Weighted average diluted shares outstanding (2)

    42,841,471

    42,940,354

    43,104,075

    43,247,195

    43,222,943

    Selected Period End Balance Sheet Data

    Total assets

    $

    17,963,253

    $

    18,732,648

    $

    18,918,225

    $

    18,447,721

    $

    18,115,336

    Cash and cash equivalents

    1,604,256

    2,608,444

    3,059,826

    2,794,700

    2,416,870

    Securities available for sale

    1,938,726

    2,006,727

    1,781,574

    1,574,435

    1,307,957

    Securities held to maturity

    188,047

    Loans, held for sale

    22,743

    32,124

    31,471

    43,684

    57,799

    Loans, held for investment (3)

    11,958,759

    11,650,598

    11,463,714

    11,576,332

    11,665,058

    Mortgage warehouse purchase loans

    569,554

    788,848

    977,800

    894,324

    1,105,699

    Allowance for credit losses on loans

    146,313

    148,706

    150,281

    154,791

    165,827

    Goodwill and other intangible assets

    1,066,366

    1,069,511

    1,072,656

    1,075,801

    1,078,946

    Other real estate owned

    475

    475

    Noninterest-bearing deposits

    5,003,728

    5,066,588

    4,913,580

    4,634,530

    4,466,310

    Interest-bearing deposits

    9,846,543

    10,487,320

    10,610,602

    10,429,261

    10,337,482

    Borrowings (other than junior subordinated debentures)

    419,545

    433,371

    631,697

    681,023

    683,350

    Junior subordinated debentures

    54,270

    54,221

    54,171

    54,122

    54,072

    Total stockholders' equity

    2,522,460

    2,576,650

    2,566,693

    2,542,885

    2,493,117

    Independent Bank Group, Inc. and Subsidiaries

    Consolidated Financial Data

    Three Months Ended March 31, 2022, December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021

    (Dollars in thousands, except for share data)

    (Unaudited)

    As of and for the Quarter Ended

    March 31,2022

    December 31,2021

    September 30,2021

    June 30,2021

    March 31,2021

    Selected Performance Metrics

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