International Bancshares Corporation (IBOC)

Name: International Bancshares Corporation Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$252M

Net Income

$96.9M

Operating Margin

48.1%

Free Cash Flow

$460M

Debt / Assets

82.2%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for International Bancshares Corporation (IBOC).
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 history for International Bancshares Corporation (IBOC).
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 history for International Bancshares Corporation (IBOC).
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 history for International Bancshares Corporation (IBOC).
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 quarterly history for International Bancshares Corporation (IBOC).
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 annual history for International Bancshares Corporation (IBOC).
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