International Bancshares Corporation (IBOC)

Financial Services | Banks Regional
Income Statement (Quarterly) 2025-03-31 2024-12-31 2024-09-30 2024-06-30
Revenue 251,642,000 208,256,000 211,784,000 259,192,000
Cost of Revenue 53,420,000 0 0 0
Gross Profit 198,222,000 208,256,000 211,784,000 259,192,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 49,313,000 40,254,000 40,671,000 38,787,000
Operating Expenses 77,104,000 208,256,000 211,784,000 26,078,000
Operating Income 121,118,000 133,652,000 0 126,865,000
Interest Expense 53,420,000 54,626,000 54,715,000 51,441,000
Income Before Tax 121,118,000 133,652,000 126,967,000 124,872,000
Income Tax Expense 24,226,000 18,568,000 27,195,000 27,892,000
Net Income 96,892,000 115,084,000 99,772,000 96,980,000
Per Share
EPS 1.56 1.85 1.60 1.56
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Revenue 833,641,000 974,086,000 674,759,000 593,598,000 538,468,000
Cost of Revenue 0 0 0 0 0
Gross Profit 833,641,000 974,086,000 674,759,000 0 0
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 159,098,000 145,736,000 139,297,000 149,700,000 155,431,000
Operating Expenses 833,641,000 833,442,000 -253,964,000 0 0
Operating Income 508,720,000 525,814,000 420,795,000 0 0
Interest Expense 209,263,000 136,661,000 38,156,000 26,831,000 39,119,000
Income Before Tax 508,720,000 523,512,000 382,639,000 322,327,000 211,758,000
Income Tax Expense 99,553,000 111,744,000 82,407,000 68,405,000 44,439,000
Net Income 409,167,000 411,768,000 300,232,000 253,922,000 167,319,000
Per Share
EPS 6.58 6.63 4.79 4.01 2.63
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Assets
Cash and Cash Equivalents 352,652,000 651,058,000 2,087,724,000 3,209,242,000
Short Term Investments 4,987,916,000 4,822,341,000 4,417,796,000 4,213,920,000
Net Receivables 72,175,000 65,302,000 45,787,000 30,593,000
Inventory 0 -5,538,701,000 -2,168,292,000 0
Total Current Assets 5,412,743,000 743,324,000 6,551,307,000 10,796,341,000
Property Plant Equipment 428,221,000 437,094,000 431,612,000 447,082,000
Goodwill and Intangibles 282,532,000 282,532,000 282,532,000 282,532,000
Total Assets 15,738,852,000 15,156,935,000 15,501,476,000 16,046,236,000
Liabilities
Account Payables 0 0 0 0
Short Term Debt 535,322,000 530,416,000 431,191,000 0
Total Current Liabilities 12,647,166,000 7,863,175,000 8,199,429,000 0
Long Term Debt 119,409,000 119,613,000 145,586,000 570,780,000
Total Liabilities 12,942,145,000 12,709,161,000 13,456,717,000 13,737,755,000
Shareholders Equity
Retained Earnings 3,356,177,000 3,029,088,000 2,695,567,000 2,470,710,000
Total Shareholders Equity 2,796,707,000 2,447,774,000 2,044,759,000 2,308,481,000
Balance Sheet (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Assets
Cash and Cash Equivalents 352,652,000 651,058,000 2,087,724,000 3,209,242,000 1,997,238,000
Short Term Investments 4,987,916,000 4,822,341,000 4,417,796,000 4,213,920,000 3,080,768,000
Net Receivables 72,175,000 65,302,000 45,787,000 30,593,000 37,881,000
Inventory 0 -5,538,701,000 -2,168,292,000 0 0
Total Current Assets 5,412,743,000 743,324,000 6,551,307,000 10,796,341,000 9,922,274,000
Property Plant Equipment 428,221,000 437,094,000 431,612,000 447,082,000 479,878,000
Goodwill and Intangibles 282,532,000 282,532,000 282,532,000 282,532,000 282,532,000
Total Assets 15,738,852,000 15,156,935,000 15,501,476,000 16,046,236,000 14,029,467,000
Liabilities
Account Payables 0 0 0 0 0
Short Term Debt 535,322,000 530,416,000 431,191,000 0 0
Total Current Liabilities 12,647,166,000 7,863,175,000 8,199,429,000 0 0
Long Term Debt 119,409,000 119,613,000 145,586,000 570,780,000 570,969,000
Total Liabilities 12,942,145,000 12,709,161,000 13,456,717,000 13,737,755,000 11,851,469,000
Shareholders Equity
Retained Earnings 3,356,177,000 3,029,088,000 2,695,567,000 2,470,710,000 2,289,626,000
Total Shareholders Equity 2,796,707,000 2,447,774,000 2,044,759,000 2,308,481,000 2,177,998,000
Cash Flow Statement (Quarterly) 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Activities
Net Income 409,167,000 411,768,000 300,232,000 253,922,000
Depreciation & Amortization 22,524,000 21,944,000 21,821,000 25,028,000
Stock Based Compensation 214,000 330,000 449,000 506,000
Change in Working Capital 26,075,000 -16,055,000 39,799,000 26,989,000
Operating Cash Flow 473,948,000 486,607,000 387,941,000 291,681,000
Investing Activities
Capital Expenditure -14,147,000 -27,497,000 -19,213,000 -10,390,000
Investments -14,147,000 -27,497,000 -19,213,000 -10,390,000
Investing Cash Flow -985,063,000 -1,079,381,000 -992,028,000 -915,889,000
Financing Activities
Debt Repayment -204,000 -73,252,000 -425,194,000 -189,000
Common Stock Issued/Repurchased 2,795,000 -3,444,000 -50,511,000 1,698,000
Dividends Paid -82,078,000 -78,247,000 -75,375,000 -72,838,000
Financing Cash Flow 212,709,000 -843,892,000 -517,431,000 1,836,212,000
Summary
Free Cash Flow 459,801,000 459,110,000 368,728,000 281,291,000
Net Change in Cash -298,406,000 -1,436,666,000 -1,121,518,000 1,212,004,000
Cash Flow Statement (Annual) 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31
Operating Activities
Net Income 409,167,000 411,768,000 300,232,000 253,922,000 167,319,000
Depreciation & Amortization 22,524,000 21,944,000 21,821,000 25,028,000 28,318,000
Stock Based Compensation 214,000 330,000 449,000 506,000 743,000
Change in Working Capital 26,075,000 -16,055,000 39,799,000 26,989,000 27,378,000
Operating Cash Flow 473,948,000 486,607,000 387,941,000 291,681,000 305,133,000
Investing Activities
Capital Expenditure -14,147,000 -27,497,000 -19,213,000 -10,390,000 -6,725,000
Investments -14,147,000 -27,497,000 -19,213,000 -10,390,000 -6,725,000
Investing Cash Flow -985,063,000 -1,079,381,000 -992,028,000 -915,889,000 -343,705,000
Financing Activities
Debt Repayment -204,000 -73,252,000 -425,194,000 -189,000 -190,184,000
Common Stock Issued/Repurchased 2,795,000 -3,444,000 -50,511,000 1,698,000 -48,336,000
Dividends Paid -82,078,000 -78,247,000 -75,375,000 -72,838,000 -69,928,000
Financing Cash Flow 212,709,000 -843,892,000 -517,431,000 1,836,212,000 1,778,990,000
Summary
Free Cash Flow 459,801,000 459,110,000 368,728,000 281,291,000 298,408,000
Net Change in Cash -298,406,000 -1,436,666,000 -1,121,518,000 1,212,004,000 1,740,418,000