Independent Bank Group Inc
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Financials : Banks | Small Cap Value
Company profile

Independent Bank Group, Inc. is a bank holding company. The Company through its subsidiary, Independent Bank (the Bank), provides a range of commercial banking products and services to meet the needs of businesses, professionals and individuals. It offers a range of commercial and retail lending products. Its commercial lending products include owner-occupied commercial real estate loans, interim construction loans, commercial loans to a diversified mix of small and midsized businesses, and loans to professionals, including medical practices. Its retail lending products include residential first and second mortgage loans and consumer installment loans, such as loans to purchase cars, boats and other recreational vehicles. Its deposit products and services include variety of checking and savings accounts, debit cards, online banking, mobile banking, e-statements and bank-by-mail and direct deposit services. It also offers business accounts and management services.

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Datadog stock rockets higher after profit tops expectations

7:24 am ET November 3, 2022 (MarketWatch)

Datadog Inc. shares were up more than 10% in premarket trading Thursday after the software company exceeded expectations with its third-quarter profit. The company reported a net loss of $26.0 million, or 8 cents a share, whereas it posted a loss of $5.5 million, or 2 cents a share, in the year-earlier quarter. On an adjusted basis, Datadog earned 23 cents a share, up from 13 cents a share a year prior, while analysts tracked by FactSet were anticipating 16 cents a share. Revenue increased to $436.5 million from $308.8 million. The FactSet consensus was for $441.9 million in revenue. For the fourth quarter, Datadog executives expect $445 million to $449 million in revenue along with 18 cents to 20 cents in adjusted earnings per share. The FactSet consensus was for $448 million in December-quarter revenue and 15 cents in adjusted EPS. Datadog's stock has declined 58% so far this year as the S&P 500 has fallen 21%.

-Emily Bary


(END) Dow Jones Newswires

November 03, 2022 07:24 ET (11:24 GMT)

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