Independent Bank Group, Inc. Reports Fourth Quarter Financial Results, Declares Quarterly Dividend, and Announces Share Repurchase Plan
Net interest income was $141.8 million for fourth quarter 2022 compared to $132.7 million for fourth quarter 2021 and $147.3 million for third quarter 2022.
- Net interest income was $141.8 million for fourth quarter 2022 compared to $132.7 million for fourth quarter 2021 and $147.3 million for third quarter 2022.
- The fourth quarter 2022 includes $1.1 million in acquired loan accretion compared to $2.1 million in third quarter 2022 and $5.7 million in fourth quarter 2021.
- The yield on interest-earning assets was 4.67% for fourth quarter 2022 compared to 3.30% for fourth quarter 2021 and 4.30% for third quarter 2022.
- The net interest margin was 3.49% for fourth quarter 2022 compared to 3.00% for fourth quarter 2021 and 3.64% for third quarter 2022.