MCKINNEY, Texas (AP) — MCKINNEY, Texas (AP) — Independent Bank Group Inc. (IBTX) on Monday reported second-quarter net income of $33.1 million.

The bank, based in McKinney, Texas, said it had earnings of 80 cents per share. Earnings, adjusted for non-recurring costs, came to 82 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.

The bank holding company posted revenue of $229.4 million in the period. Its revenue net of interest expense was $127.7 million, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $139.3 million.

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