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                              April 19, 2024

       Paul Langdale
       Executive Vice President and Chief Financial Officer
       Independent Bank Group, Inc.
       7777 Henneman Way
       McKinney, TX 75070

                                                        Re: Independent Bank
Group, Inc.
                                                            Form 10-K for
Fiscal Year Ended December 31, 2023
                                                            File No. 001-35854

       Dear Paul Langdale:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments.

              Please respond to this letter within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe a
       comment applies to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to this letter, we may have additional comments.

       Form 10-K for Fiscal Year Ended December 31, 2023

       Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
       Loan Portfolio, page 51

   1.                                                   We note your disclosure
on page 52 that commercial real estate (CRE) loans have
                                                        historically been your
largest category of loans and that these loans "...generally involve
                                                        less risk than other
loans in the portfolio." Please tell us and revise future filings to
                                                        identify these other
loans and explain why they generally involve more risk than CRE
                                                        loans.
   2.                                                   In your tabular
disclosure on page 53 of your concentrations of CRE loans by property
                                                        type, we note that
30.4%, 18.6%, and 12.2% of your total CRE loans represented retail,
                                                        offices and office
warehouses, and multifamily, respectively as of December 31, 2023.
                                                        We also note your
disclosure on page 102 that at December 31, 2023, your CRE portfolio
                                                        consisted of
approximately 21% of owner-occupied property (i.e., 79% was non owner-
                                                        occupied), that you
track the level of owner-occupied property versus non owner-occupied
                                                        property, and that CRE
loans may be more adversely affected by conditions in the real
                                                        estate market or in the
general economy. Given that CRE loans have historically been
 Paul Langdale
Independent Bank Group, Inc.
April 19, 2024
Page 2
         your largest category of loans, please revise future filings to
further disaggregate the
         composition of your CRE loan portfolio to address other concentrations
to the extent
         material to an investor   s understanding. In this regard, provide
quantitative and qualitative
         disclosure regarding current weighted average and/or range of
loan-to-value ratios and
         occupancy rates, and separately present owner-occupied and non-owner
occupied CRE by
         borrower type.
3.       Additionally, we note your disclosure on page 22 that you have a
significant concentration
         in CRE loans and that adverse developments, including those affecting
real estate values
         in your market areas, could increase the credit risk associated with
your CRE loan
         portfolio. Please revise future filings to provide an enhanced
discussion and describe the
         specific details of any risk management policies, procedures or other
actions undertaken
         by management in response to the current economic environment in the
markets in which
         you operate.
       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       Please contact Shannon Davis at 202-551-6687 or Amit Pande at
202-551-3423 with any
questions.



FirstName LastNamePaul Langdale                                Sincerely,
Comapany NameIndependent Bank Group, Inc.
                                                               Division of
Corporation Finance
April 19, 2024 Page 2                                          Office of
Finance
FirstName LastName