Reported Q: Q1 2024 Rev YoY: +23.7% EPS YoY: -4.3% Move: -0.42%
International Bancshares
IBOC
$73.12 -0.42%
Exchange NASDAQ Sector Financial Services Industry Banks Regional
Q1 2024
Published: May 2, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for IBOC

Reported

Report Date

May 2, 2024

Quarter Q1 2024

Revenue

254.33M

YoY: +23.7%

EPS

1.56

YoY: -4.3%

Market Move

-0.42%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $254.33M up 23.7% year-over-year
  • EPS of $1.56 decreased by 4.3% from previous year
  • Gross margin of 100.0%
  • Net income of 97.33M
  • ""Our sustained revenue growth, particularly in commercial lending, underscores our strategic positioning in the regional banking landscape," said Executive Chairman of the Board." - Executive Chairman of the Board
IBOC
International Bancshares Corporation

Executive Summary

In Q1 2024, International Bancshares Corporation (IBOC) reported a revenue of $254.33 million, reflecting a year-over-year growth of 23.73%, though this marked a slight decline of 1.00% quarter-over-quarter. Net income stood at $97.33 million with a net income margin of 38.27%. Although facing a dip in operating income of 18.31% year-over-year, the year-over-year revenue growth highlights strong demand for IBOC's services amidst a competitive regional banking landscape. Management expressed optimism during the earnings call about the bank's loan growth prospects and its strategic initiatives to enhance market reach, indicating that operational adjustments are in place to improve profit margins moving forward.

Key Performance Indicators

Revenue
Increasing
254.33M
QoQ: -1.00% | YoY: 23.73%
Gross Profit
Increasing
254.33M
1.00% margin
QoQ: -1.00% | YoY: 23.73%
Operating Income
Decreasing
97.33M
QoQ: -27.22% | YoY: -18.31%
Net Income
Decreasing
97.33M
QoQ: -8.50% | YoY: -4.24%
EPS
Decreasing
1.57
QoQ: -8.19% | YoY: -4.27%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 251.64 1.56 -1.1% View
Q4 2024 208.26 1.85 -18.9% View
Q3 2024 211.78 1.60 -0.4% View
Q2 2024 259.19 1.56 +27.0% View
Q1 2024 254.33 1.56 +23.7% View