Michael B. Hobbs
Net Worth
Last updated:
What is Michael B. Hobbs net worth?
The estimated net worth of Mr. Michael B. Hobbs is at least $7,211,544 as of 8 May 2023. He owns shares worth $2,309,518 as insider, has earned $1,131,906 from insider trading and has received compensation worth at least $3,770,120 in Independent Bank Group, Inc..
What is the salary of Michael B. Hobbs?
Mr. Michael B. Hobbs salary is $942,530 per year as Pres & Chief Operating Officer in Independent Bank Group, Inc..
How old is Michael B. Hobbs?
Mr. Michael B. Hobbs is 62 years old, born in 1963.
What stocks does Michael B. Hobbs currently own?
As insider, Mr. Michael B. Hobbs owns shares in one company:
| Company | Title | Shares | Price per share | Total value |
|---|---|---|---|---|
| Independent Bank Group, Inc. (IBTX) | Pres & Chief Operating Officer | 38,092 | $60.63 | $2,309,518 |
What does Independent Bank Group, Inc. do?
Independent Bank Group, Inc. operates as the bank holding company for Independent Bank that provides various commercial banking products and services to businesses, professionals, and individuals in the United States. It accepts various deposit products, including checking and savings accounts, demand deposits, money market accounts, and certificates of deposit. The company also provides commercial real estate loans; commercial construction, land, and land development loans; residential real estate loans; single-family interim construction loans; commercial loans comprising SBA guaranteed loans, business term loans, equipment lease financing, lines of credit, and energy related loans; agricultural loans for farmers and ranchers; consumer installment loans comprising loans to purchase cars, boats, and other recreational vehicles; and residential mortgages, as well as mortgage warehouse purchase loans. In addition, it offers debit cards, online and mobile banking, eStatement, bank-by-mail, and direct deposit services; and business accounts and management services, including analyzed business checking, business savings, and treasury management services. As of December 31, 2021, the company operated 93 full-service branches. Independent Bank Group, Inc. was founded in 2002 and is headquartered in McKinney, Texas.
Michael B. Hobbs insider trading
Independent Bank Group, Inc.
Mr. Michael B. Hobbs has made 5 insider trades between 2021-2023, according to the Form 4 filled with the SEC. Most recently he purchased 2,400 units of IBTX stock worth $75,192 on 8 May 2023.
The largest trade he's ever made was exercising 10,000 units of IBTX stock on 8 Feb 2021. As of 8 May 2023 he still owns at least 38,092 units of IBTX stock.
Independent Bank Group key executives
Independent Bank Group, Inc. executives and other stock owners filed with the SEC:
- Mr. David R. Brooks (66) Chief Executive Officer & Chairman
- Mr. Mark S. Haynie Esq. (69) Executive Vice President & Gen. Counsel
- Mr. Michael B. Hobbs (62) Pres & Chief Operating Officer
- Ms. Michelle S. Hickox (57) Executive Vice President & Chief Financial Officer