HomeCompareIBTX vs GBDC

IBTX vs GBDC: Dividend Comparison 2026

IBTX yields 2.51% · GBDC yields 11.86%● Live data

vsPost on X →
After 10 years · $10,000 invested · DRIP enabled
🏆 IBTX wins by $154.91M in total portfolio value· pulled ahead in Year 8
10 years
IBTX
IBTX
● Live price
2.51%
Share price
$60.67
Annual div
$1.52
5Y div CAGR
100%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$175.76M
Annual income
$163,242,820.00
Full IBTX calculator →
GBDC
GBDC
● Live price
11.86%
Share price
$12.65
Annual div
$1.50
5Y div CAGR
51.1%
Payout ratio
50%
After 10 yrs · $10,000 · DRIP
Portfolio value
$20.85M
Annual income
$16,450,733.83
Full GBDC calculator →

Portfolio growth — IBTX vs GBDC

📍 IBTX pulled ahead of the other in Year 8

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis PeriodIBTXGBDC
2008–2009
GFC
— No data— No data
2020 Q1–Q2
COVID
— No data— No data
2022 Q4
Rate Hike
— No data— No data
Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.
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Dividend Calendar Overlap

Combined, IBTX + GBDC cover 0 of 12 monthsgood coverage

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
IBTX pays
GBDC pays
Both pay
Neither
💰

Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

IBTX
Annual income on $10K today (after 15% tax)
$212.96/yr
After 10yr DRIP, annual income (after tax)
$138,756,397.00/yr
GBDC
Annual income on $10K today (after 15% tax)
$1,007.91/yr
After 10yr DRIP, annual income (after tax)
$13,983,123.76/yr
At 15% tax rate, IBTX beats the other by $124,773,273.24/year in after-tax income after 10 years on $10,000
⚖️

Lazy Portfolio Split Optimizer

What's the optimal mix of IBTX + GBDC for your $10,000?

IBTX: 50%GBDC: 50%
100% GBDC50/50100% IBTX
Portfolio after 10yr
$98.30M
Annual income
$89,846,776.92/yr
Blended yield
91.40%
📊

Analyst Conviction Gap

Where Wall Street is most bullish on IBTX right now

IBTX
Analyst Ratings
11
Buy
6
Hold
Consensus: Buy
Price Target
$83.00
+36.8% upside vs current
Range: $83.00 — $83.00
Altman Z
0.0
Piotroski
7/9
GBDC
Analyst Ratings
6
Buy
5
Hold
Consensus: Buy
Price Target
$14.00
+10.7% upside vs current
Range: $13.00 — $15.00
Altman Z
0.6
Piotroski
6/9
Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.
🏛️

Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IBTX buys
0
GBDC buys
0
No recent congressional trades found for IBTX or GBDC in the last 90 days.
STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →
MetricIBTXGBDC
Forward yield2.51%11.86%
Annual dividend / share$1.52$1.50
Payout ratio50%50%
1-year div growth0%0%
5-year div CAGR100%51.1%
Portfolio after 10y$175.76M$20.85M
Annual income after 10y$163,242,820.00$16,450,733.83
Total dividends collected$174.80M$20.43M
Payment frequencyquarterlyquarterly
SectorStockBDC
Analyst consensusBuyBuy
Analyst price target$83.00$14.00

Year-by-year: IBTX vs GBDC ($10,000, DRIP)

YearIBTX PortfolioIBTX Income/yrGBDC PortfolioGBDC Income/yrGap
1$11,201$501.07$12,492$1,791.70$1.3KGBDC
2$13,034$1,049.07$16,527$3,160.58$3.5KGBDC
3$16,228$2,281.80$23,588$5,904.90$7.4KGBDC
4$22,675$5,310.24$37,141$11,901.65$14.5KGBDC
5$38,130$13,868.35$66,205$26,463.38$28.1KGBDC
6$84,391$43,591.31$137,452$66,612.65$53.1KGBDC
7$270,629$180,331.34$342,372$195,298.53$71.7KGBDC
8← crossover$1,370,504$1,080,931.05$1,053,292$686,954.33+$317.2KIBTX
9$11,698,186$10,231,746.67$4,111,439$2,984,416.95+$7.59MIBTX
10$175,759,879$163,242,820.00$20,849,974$16,450,733.83+$154.91MIBTX

IBTX vs GBDC: Complete Analysis 2026

IBTXStock

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.

Full IBTX Calculator →

GBDCBDC

Golub Capital BDC, Inc. (GBDC) is a business development company and operates as an externally managed closed-end non-diversified management investment company. It invests in debt and minority equity investments in middle-market companies that are, in most cases, sponsored by private equity investors. It typically invests in diversified consumer services, automobiles, healthcare technology, insurance, health care equipment and supplies, hotels, restaurants and leisure, healthcare providers and services, IT services and specialty retails. It seeks to invest in the United States. It primarily invests in first lien traditional senior debt, first lien one stop, junior debt and equity, senior secured, one stop, unitranche, second lien, subordinated and mezzanine loans of middle-market companies, and warrants.

Full GBDC Calculator →
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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.