CEO Total Pay
$3.2M
FY2023 Summary Compensation, near median
IBTX FY2023 SEC EDGAR DEF 14A
Independent Bank Group, Inc. CEO pay ratio
The CEO earned $3.2M in FY2023 against median worker pay of $86,966 · Depository Institutions.
- State
- TX
- Filing date
- 2024-04-26
- Industry
- Depository Institutions
- Fiscal year
- FY2023
Data updated August 2026
Subscribe to Independent Bank Group, Inc. CEO pay filing updates (RSS)
CEO-to-worker pay ratio
37:1
Below Average (Scale: 0–1000:1)
CEO pay
$3.2M
Median worker
$86,966
Latest filing FY2023. This company's newest DEF 14A on file is for FY2023, not FY2025, so the figures on this page are from that earlier year and are not ranked against the FY2025 industry benchmark. Industry pages mark issuers like this one with a "Latest filing" label.
Answer first
Independent Bank Group, Inc. reported a 37:1 CEO-to-worker pay ratio in FY2023 - at or below the Depository Institutions median of 43:1 across 136 filers.
Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Depository Institutions companies.
- Pay ratio
- 37:1
- FY2023 disclosed
- CEO total
- $3.2M
- Summary Compensation Table total
- Median worker
- $86,966
- Dodd-Frank median employee
Ratio bands among Depository Institutions peers
Exclusive CEO-to-median-worker bands across 124 complete latest-FY filings in SIC 60. Segments sum to the peer set, not this company's compensation pillar.
CEO Compensation Breakdown, FY2023
A component-level pay breakdown is not reported in Independent Bank Group, Inc.'s structured SEC pay-ratio disclosure. See our methodology →
Filing-year trail · Independent Bank Group, Inc.
Complete DEF 14A pay-ratio filings for this CIK across FY2021–2023. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).
- Latest ratio
- 37:1
- FY2023
- vs prior FY
- -7:1
- from FY2022 44:1
- CEO $ YoY
- -4%
- $3.2M latest
- Filings shown
- 3
- FY2021–2023
| FY | CEO pay | Δ pay | Median worker | Pay ratio | Δ ratio |
|---|---|---|---|---|---|
| 2021 | $2.7M | - | $71,809 | 38:1 | - |
| 2022 | $3.4M | +23% | $76,149 | 44:1 | +6:1 |
| 2023 | $3.2M | -4% | $86,966 | 37:1 | -7:1 |
Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 1564618, FY2021–2023. Adjacent-year deltas only.
Industry Comparison - Depository Institutions
This Company's Ratio
37:1
Industry Median Ratio
43:1
Industry Median CEO Pay
$3.0M
This CEO's Pay
$3.2M
Companies in Industry
136
vs. Industry Median
Below
Independent Bank Group, Inc.: MODEST · MID$ pay ratio
Independent Bank Group, Inc. disclosed 37:1 CEO-to-worker pay and $3.2M CEO total in FY2023. the CEO earned 37× the median employee ($86,966) in FY2023.
Median employee $86,966 (HIGH-MED); MODEST · MID$ stamps put about 37 median-wage years per CEO year.
Pay Ratio
37:1
Below typical
What FY2023 shows for Independent Bank Group, Inc.
Independent Bank Group, Inc. disclosed 37:1 CEO-to-worker pay and $3.2M CEO total in FY2023. The structured pay-ratio disclosure reports the total without line-item components. Depository Institutions (SIC 60) median ratio is 43:1 across 136 FY2025 filers; Independent Bank Group, Inc.'s $3.2M CEO total is above the $3.0M industry median CEO pay.
Independent Bank Group, Inc. stamps MODEST · MID$ · HIGH-MED; grant-date fair value (not realized pay) is what the DEF 14A reports. Open Depository Institutions peers.
Key Data, FY2023
- Total Compensation
- $3.2M
- Median Employee Pay
- $86,966
- Pay Ratio
- 37:1
- Filing Date
- 2024-04-26
Company Info
- Ticker
- IBTX
- CIK
- 1564618
- Industry
- Depository Institutions
- SIC Code
- 6022
- State
- TX
SEC EDGAR DEF 14A for CIK 1564618, FY2023. Informational only, not investment advice. Verify on EDGAR.
Read our methodology - how this data is sourced, computed, and verified. Independent Bank Group, Inc. disclosed 37:1 CEO-to-worker pay and $3.2M CEO total in FY2023.
Read with Independent Bank Group, Inc.
ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps MODEST · MID$ · HIGH-MED.
Vita Coco Company, Inc. · MID$
ABS(ceo_total_comp) peer at $3.2M (Δ $7K heavier vs Independent Bank Group, Inc.); MODEST · HIGH-MED vs this page's MODEST · MID$ · HIGH-MED.
TrueBlue, Inc. · MID$
ABS(ceo_total_comp) peer at $3.2M (Δ $8K heavier vs Independent Bank Group, Inc.); HIGH · LOW-MED vs this page's MODEST · MID$ · HIGH-MED.
Ethan Allen Interiors Inc · MID$
ABS(ceo_total_comp) peer at $3.2M (Δ $8K lighter vs Independent Bank Group, Inc.); MID · LOW-MED vs this page's MODEST · MID$ · HIGH-MED.
Monarch Casino & Resort Inc · MID$
ABS(ceo_total_comp) peer at $3.2M (Δ $12K heavier vs Independent Bank Group, Inc.); MODEST · PAR-MED vs this page's MODEST · MID$ · HIGH-MED.
Depository Institutions benchmark
Independent Bank Group, Inc. stamps MODEST · MID$ · HIGH-MED inside SIC 60 - open the industry median board after the ABS peers.
Pay-ratio rankings · MODEST
See where MODEST · MID$ packages sit on the national leaderboard after reading Independent Bank Group, Inc..
Ratio primer · MODEST
Independent Bank Group, Inc.'s MODEST stamp sits in the lower Item 402(u) band - start with how the ratio is disclosed before comparing peers.
Data sourced from SEC EDGAR DEF 14A for Independent Bank Group, Inc. (CIK 1564618), FY2023. See our methodology. Aggregated by PlainCEOPay as of August 2026.
Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.