Independent Bank Group, Inc. (NASDAQ:IBTX) Q4 2022 Earnings Conference Call January 24, 2022 8:30 AM ET

Company Participants

Ankita Puri - Executive Vice President & Chief Legal Officer

David Brooks - Chairman & Chief Executive Officer

Paul Langdale - Chief Financial Officer

Daniel Brooks - Vice Chairman

Conference Call Participants

Brad Milsaps - Piper Sandler

Brady Gailey - KBW

Michael Rose - Raymond James

Brett Rabatin - Hovde Group

Brandon King - Truist Securities

Matt Olney - Stephens Inc.

Operator

Greetings and welcome to the Independent Bank Group’s Fourth Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Ankita Puri, Executive Vice President and Chief Legal Officer for Independent Bank Group. Thank you. You may begin.

Ankita Puri

Good morning, and welcome to the Independent Bank Group fourth quarter 2022 earnings call. We appreciate you joining us.

The related earnings press release and investor presentation can be accessed on our website at ir.ifinancials.com.

I would like to remind you that remarks made today may include forward-looking statements. Those statements are subject to risks and uncertainties that could cause actual and expected results to differ. We intend such statements to be covered by Safe Harbor provisions for forward-looking statements. Please see Page 5 of the text in the release, or Page 2 of the slide presentation for our Safe Harbor statement. All comments made during today's call are subject to that statement.

Please note that if we give guidance about future results, that guidance is a statement of management's beliefs at the time the statement is made, and we assume no obligation to publicly update guidance.

In this call, we will discuss several financial measures considered to be non-GAAP under the SEC's rules. Reconciliations of these financial measures to the most directly comparable GAAP financial measures are included in our release.

I'm joined this morning by our Chairman and Chief Executive Officer, David Brooks, our Vice Chairman, Dan Brooks; and our Chief Financial Officer, Paul Langdale. At the end of their remarks, David will open the call to questions.

With that, I will turn it over to David.

David Brooks

Thank you, Ankita. Good morning, everyone, and thanks for joining the call.

In 2022, we reported full year adjusted net income of $209.7 million and adjusted earnings per share of $5.02. Reflecting on 2022, we're pleased that our results illustrate the through cycle nature of our business model of healthy loan growth, strong earnings and excellent credit quality. We are in four of our nation's strongest markets and we remain encouraged by the economic fundamentals in both Texas and Colorado.