International Bancshares Corporation (IBOC) Financial Statements (2024 and earlier)

Company Profile

Business Address 12OO SAN BERNARDO AVE
LAREDO, TX 78040-1359
State of Incorp. TX
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,482,2165,399,1075,704,0206,063,6586,514,2787,467,972
Cash and cash equivalents651,058698,6111,025,4731,195,0482,087,7243,243,831
Short-term investments4,831,1584,700,4964,678,5474,868,6104,426,5544,224,141
Total current assets:5,482,2165,399,1075,704,0206,063,6586,514,2787,467,972
Noncurrent Assets
Property, plant and equipment437,094434,258430,596430,436431,612431,952
Long-term investments and receivables343,452368,690363,478362,105358,910373,483
Long-term investments343,452368,690363,478362,105358,910373,483
Intangible assets, net (including goodwill)282,532282,532282,532282,532282,532282,532
Goodwill282,532282,532282,532282,532282,532282,532
Total noncurrent assets:1,063,0781,085,4801,076,6061,075,0731,073,0541,087,967
Other undisclosed assets8,520,8958,423,3558,074,2107,996,2207,914,1447,539,010
TOTAL ASSETS:15,066,18914,907,94214,854,83615,134,95115,501,47616,094,949
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt530,416504,281441,834383,502431,191507,143
Total current liabilities:530,416504,281441,834383,502431,191507,143
Noncurrent Liabilities
Other undisclosed liabilities12,087,99912,210,05012,221,01112,595,04113,025,52613,633,532
Total liabilities:12,618,41512,714,33112,662,84512,978,54313,456,71714,140,675
Equity
Equity, attributable to parent2,447,7742,193,6112,191,9912,156,4082,044,7591,954,274
Common stock96,46796,44496,43296,42496,42096,385
Treasury stock, value(435,403)(435,279)(435,195)(431,828)(430,792)(430,683)
Additional paid in capital155,511154,946154,522154,244154,061153,189
Accumulated other comprehensive loss(397,889)(545,212)(482,312)(420,491)(470,497)(454,772)
Retained earnings3,029,0882,922,7122,858,5442,758,0592,695,5672,590,155
Total equity:2,447,7742,193,6112,191,9912,156,4082,044,7591,954,274
TOTAL LIABILITIES AND EQUITY:15,066,18914,907,94214,854,83615,134,95115,501,47616,094,949

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues
(Net Investment Income)
209,714204,175198,124188,149174,678145,087
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(6,697)(10,476)(8,816)(8,587)(7,910)(8,525)
Gross profit:203,017193,699189,308179,562166,768136,562
Operating expenses(21,930)(22,320)(20,967)(21,615)(16,633)(21,898)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,6795,8635,5543,8455,1159,989
Operating income:184,766177,242173,895161,792155,250124,653
Interest and debt expense(45,181)(36,847)(31,669)(22,964)(15,217)(9,870)
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,848)(9,358)(14,419)(9,897)(5,126)(8,662)
Income from continuing operations before equity method investments, income taxes:135,737131,037127,807128,931134,907106,121
Income from equity method investments616  8025,934 
Income from continuing operations before income taxes:136,353131,037127,807129,733140,841106,121
Income tax expense(29,361)(27,773)(27,322)(27,288)(29,495)(22,765)
Income from continuing operations:106,992103,264100,485102,445111,34683,356
Income before gain (loss) on sale of properties:83,356
Other undisclosed net loss(616)  (802)(5,934) 
Net income available to common stockholders, diluted:106,376103,264100,485101,643105,41283,356

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income:106,376103,264100,485101,643105,41283,356
Comprehensive income:106,376103,264100,485101,643105,41283,356
Other undisclosed comprehensive income (loss), net of tax, attributable to parent147,323(62,900)(61,821)50,006(15,725)(178,037)
Comprehensive income (loss), net of tax, attributable to parent:253,69940,36438,664151,64989,687(94,681)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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