Independent Bank Group, INC

Independent Bank Group has merged with SouthState Corporation, with SouthState continuing as the surviving entity, effective January 1, 2025.

The Federal Reserve and the Office of the Comptroller of the Currency have approved SouthState's acquisition of Independent Bank Group, with the merger expected to close around January 1, 2025.

Independent Bank Group reported a decrease in net income compared to the previous year, but an increase compared to the previous quarter, and declared a quarterly dividend of $0.38 per share.

Independent Bank Group shareholders have voted to approve the merger with SouthState Corporation in an all-stock transaction.

Independent Bank Group has successfully issued $175 million in fixed-to-floating rate subordinated notes due in 2034.

Independent Bank Group (IBTX) has filed SouthState Corporation's (SouthState) audited and unaudited financial statements as exhibits in a Form 8-K, related to their pending merger.

Independent Bank Group's Q3 2024 results reveal a net loss primarily due to a significant goodwill impairment charge, overshadowing deposit growth and increased interest income.

Independent Bank Group reported a substantial net loss for Q2 2024, primarily driven by a $518 million goodwill impairment charge related to its pending merger with SouthState Corporation.

Independent Bank Group's Q1 2024 net income rebounded to $24.2 million, despite a decrease in net interest income due to rising deposit costs.

Independent Bank Group secures a waiver for a Return on Average Assets covenant breach and amends its credit agreement with U.S. Bank National Association.

Michael T. Viola, a director at Independent Bank Group, reported the conversion of his shares to SouthState Corporation stock following the merger on January 1, 2025.

A director of Independent Bank Group, Paul Washington, disposed of 5,029 shares of common stock following the company's merger with SouthState Corporation.

Following the merger of Independent Bank Group with SouthState Corporation, a director, Donald L. Poarch, reported the disposal of shares, including restricted stock awards, as part of the merger agreement.

Following the merger of Independent Bank Group with SouthState Corporation, a director, Alicia Kuhn Harrison, reported the disposal of shares and restricted stock awards as part of the merger agreement.

Director Janet P. Froetscher reports the conversion of her Independent Bank Group shares to SouthState Corporation shares following the merger on January 1, 2025.

Director Craig E. Holmes reports the conversion of his Independent Bank Group shares to SouthState Corporation shares following the merger on January 1, 2025.