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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,704,0206,063,6586,514,2787,467,9727,720,0577,599,406
Cash and cash equivalents1,025,4731,195,0482,087,7243,243,8313,416,7163,448,199
Short-term investments4,678,5474,868,6104,426,5544,224,1414,303,3414,151,207
Total current assets:5,704,0206,063,6586,514,2787,467,9727,720,0577,599,406
Noncurrent Assets
Property, plant and equipment430,596430,436431,612431,952435,183438,147
Long-term investments and receivables363,478362,105358,910373,483368,601353,185
Long-term investments363,478362,105358,910373,483368,601353,185
Intangible assets, net (including goodwill)282,532282,532282,532282,532282,532282,532
Goodwill282,532282,532282,532282,532282,532282,532
Total noncurrent assets:1,076,6061,075,0731,073,0541,087,9671,086,3161,073,864
Other undisclosed assets8,074,2107,996,2207,914,1447,539,0107,464,8067,463,419
TOTAL ASSETS:14,854,83615,134,95115,501,47616,094,94916,271,17916,136,689
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt441,834383,502431,191507,143513,368490,091
Total current liabilities:441,834383,502431,191507,143513,368490,091
Noncurrent Liabilities
Other undisclosed liabilities12,221,01112,595,04113,025,52613,633,53213,660,58013,498,919
Total liabilities:12,662,84512,978,54313,456,71714,140,67514,173,94813,989,010
Equity
Equity, attributable to parent2,191,9912,156,4082,044,7591,954,2742,097,2312,147,679
Common stock96,43296,42496,42096,38596,36896,357
Treasury stock, value(435,195)(431,828)(430,792)(430,683)(419,293)(382,124)
Additional paid in capital154,522154,244154,061153,189152,743152,405
Accumulated other comprehensive loss(482,312)(420,491)(470,497)(454,772)(276,735)(205,136)
Retained earnings2,858,5442,758,0592,695,5672,590,1552,544,1482,486,177
Total equity:2,191,9912,156,4082,044,7591,954,2742,097,2312,147,679
TOTAL LIABILITIES AND EQUITY:14,854,83615,134,95115,501,47616,094,94916,271,17916,136,689

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
198,124188,149174,678145,087109,58496,432
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(8,816)(8,587)(7,910)(8,525)(3,735)(1,481)
Gross profit:189,308179,562166,768136,562105,84994,951
Operating expenses(20,967)(21,615)(16,633)(21,898)(20,413)(19,682)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,5543,8455,1159,9898,7989,092
Operating income:173,895161,792155,250124,65394,23484,361
Interest and debt expense(31,669)(22,964)(15,217)(9,870)(6,683)(6,386)
Other undisclosed loss from continuing operations before equity method investments, income taxes(14,419)(9,897)(5,126)(8,662)(13,899)(10,016)
Income from continuing operations before equity method investments, income taxes:127,807128,931134,907106,12173,65267,959
Income from equity method investments  8025,934  2,474
Income from continuing operations before income taxes:127,807129,733140,841106,12173,65270,433
Income tax expense(27,322)(27,288)(29,495)(22,765)(15,681)(14,466)
Income from continuing operations:100,485102,445111,34683,35657,97155,967
Income before gain (loss) on sale of properties:83,35657,97155,967
Other undisclosed net loss  (802)(5,934)  (2,474)
Net income available to common stockholders, diluted:100,485101,643105,41283,35657,97153,493

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:100,485101,643105,41283,35657,97153,493
Comprehensive income:100,485101,643105,41283,35657,97153,493
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(61,821)50,006(15,725)(178,037)(71,599)(173,156)
Comprehensive income (loss), net of tax, attributable to parent:38,664151,64989,687(94,681)(13,628)(119,663)

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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