Independent Bank Group, Inc. (NASDAQ:IBTX) Q3 2022 Earnings Conference Call October 25, 2022 8:30 AM ET

Company Participants

Ankita Puri - EVP and Chief Legal Officer

David Brooks - Chairman and CEO

Daniel Brooks - Vice Chairman

Paul Langdale - CFO

Conference Call Participants

Brady Gailey - KBW

Brad Milsaps - Piper Sandler

Brandon King - Truist Securities

Matt Olney - Stephens

Michael Rose - Raymond James

Operator

Greetings. Welcome to the Independent Bank Group's Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

At this time, I'll now turn the conference over to Ankita Puri, Executive Vice President and Chief Legal Officer. Ankita you may begin.

Ankita Puri

Good morning, and welcome to the Independent Bank Group third 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 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 today.

For the third quarter, we announced adjusted earnings of $1.33 per diluted share and strong loan growth of 10% annualized for the quarter excluding mortgage warehouse and PPP. Our markets across Texas and Colorado are exhibiting resilience in the face of macroeconomic uncertainty and we continue to see healthy demand from relationship borrowers across our footprint.