Independent Bank continues to make great strides by posting record-breaking financials, hitting new milestones in stock price, dividends and income — all driven by strong organic loan growth and improved efficiencies. Our commitment to deliver a superior banking experience to every customer remains our first priority.
For the year ended December 31, 2016, the Company reported net income available to common shareholders of $53.5 million (or $2.88 per diluted share) compared to $38.5 million (or $2.21 per diluted share) for the year ended December 31, 2015.
In 2017, we closed on our largest acquisition to date, Carlile Bancshares, Inc. and its subsidiary, Northstar Bank (Denton, TX.) The incorporation of Northstar Bank extends our unique brand of financial services into Fort Worth and surrounding sub markets. It also introduces our brand in Colorado, offering locations along the dynamic I-25 corridor from Denver to Colorado Springs. This landmark acquisition allows us to introduce new lines – including a mortgage warehouse and additional SBA lending programs to our suite of products and services.
Our bank was also one of only six companies named a Raymond James & Associates Community Bankers Cup winner for the fifth consecutive year, and we continue to be named Best Bank within many of the communities we serve. Additional recent award highlights include:
Top 75 Producing Lender Nationwide ~ ICBA
- #2 among Fastest-Growing Community Banks ~ Independent Banker Magazine
- Healthiest Employers in both North Texas and Central Texas ~ Austin/Dallas Business Journals
Raising Standards Together
Corporate culture remains the lifeblood of our organization – we strive to raise standards together in everything we do. It defines who we are in the marketplace, is essential to our unique character, and attracts key talent. Our ethos is carried by dedicated employees who share an honest desire to help create healthy communities.
Independent Bank will continue to foster a strong credit and lending culture, take care of our people, be a catalyst for positive change, and invest in sustainable projects that make a lasting impact. We are proud of the reputation we’ve built and the milestones our organization has reached.
David R. Brooks
Chairman, President & Chief Executive Officer
Independent Bank Group