Independent Bank (US:IBTX)2023-04-25 16:23Financial Performance Highlights - The company reported GAAP EPS of $(0.91) and adjusted EPS of $1.07[6] - The company reported a GAAP Net Loss of $(37.5) Million and an Adjusted Net Income of $44.1 Million[6] - The company's GAAP Return on Average Assets was (0.83)% and the Adjusted Return on Average Assets was 0.98%[6] - The company's adjusted noninterest expense was $84.9 million, while total reported noninterest expense was $189.4 million[6] Balance Sheet Data (March 31, 2023) - Total Assets were $18,798.354 million[7] - Total Deposits were $14,055.687 million, a decrease of 7.0% from December 31, 2022[7] - Total Borrowings were $2,137.607 million[7] - Total Stockholders' Equity was $2,350.857 million, a decrease of 1.4% from December 31, 2022[7] Loan Portfolio - Loans Held For Investment (LHFI), excluding Mortgage Warehouse Loans, were $13,606.039 million[7] - Mortgage Warehouse Loans were $400.547 million[7] - The company's net charge-offs were 0.04% annualized[6] Capital Ratios - The estimated total capital ratio was 11.85%[6] - The leverage ratio was 9.01%[6] - The tangible common equity (TCE) ratio was 7.31%[6]