05:27 PM EDT, 04/22/2024 (MT Newswires) -- Independent Bank Group ( IBTX ) reported Q1 adjusted net income late Monday of $0.63 per diluted share, down from $1.07 per share a year earlier.

Analysts polled by Capital IQ expected $0.63.

Revenue, expressed as the sum of net interest and total noninterest income, for the quarter ended March 31 fell to $115.9 million from $140.7 million a year earlier. Analysts surveyed by Capital IQ expected $121.2 million.