Independent Bank Group Q4 Profit Down

(RTTNews) - Independent Bank Group, Inc. (IBTX) Tuesday reported fourth-quarter profit of $4.3 million or $0.35 per share, up from $4.0 million or $0.33 per share in the same period last year.

Pro-forma after tax earnings totaled $4.3 million or $0.50 per share. Core net income was $4.9 million or $0.40 per share. On average, three analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income improved to $20.0 million from $18.9 million last year. Net interest margin was 4.23 percent, compared to 4.20 percent last year.