International Bancshares Corporation (IBOC) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,003263323265269273255
Cash and cash equivalents1,997257317265269273255
Short-term investments666    
Total current assets:2,003263323265269273255
Noncurrent Assets
Property, plant and equipment480507507514528517526
Long-term investments and receivables254318338571517469421
Long-term investments254318338571517469421
Intangible assets, net (including goodwill)283283283283283283283
Goodwill283283283283283283283
Intangible assets, net (excluding goodwill)    001
Total noncurrent assets:1,0171,1081,1271,3681,3271,2681,230
Other undisclosed assets11,00910,74210,42210,55110,20810,23210,711
TOTAL ASSETS:14,02912,11311,87212,18511,80411,77312,197
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt428237230354505828858
Total current liabilities:428237230354505828858
Noncurrent Liabilities
Other undisclosed liabilities11,4239,7589,7029,9929,5749,2809,758
Total liabilities:11,8519,9959,93210,34610,07910,10710,616
Stockholders' equity
Stockholders' equity attributable to parent2,1782,1181,9401,8391,7251,6661,581
Common stock96969696969696
Treasury stock, value(378)(329)(311)(292)(292)(284)(277)
Additional paid in capital149148145172170168166
Accumulated other comprehensive income (loss)212(55)(28)(27)211
Retained earnings2,2902,2012,0641,8921,7781,6841,585
Total stockholders' equity:2,1782,1181,9401,8391,7251,6661,581
TOTAL LIABILITIES AND EQUITY:14,02912,11311,87212,18511,80411,77312,197

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues427492466483459479491
Net investment income427492466415388397394
Financial services revenue68718297
Cost of revenue(45)(19)(6)(11)(20)(24)(14)
Provision for loan, lease, and other losses(45)(19)(6)
Financial services costs(11)(20)(24)(14)
Gross profit:382474460472439455477
Operating expenses(89)(102)(93)(227)(217)(199)(203)
Other operating income, net
(Noninterest Income, Other Operating Income)
27181811141115
Operating income:319389385256236267288
Nonoperating income (expense)    (0)(1)10
Investment income, nonoperating    (0)(1)9
Interest and debt expense(39)(59)(53)(39)(43)(44)(47)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(68)(70)(60)55(15)(22)
Income from continuing operations before equity method investments, income taxes:212260273222197207230
Income (loss) from equity method investments(0)41513  11
Income from continuing operations before income taxes:212264288235197207241
Income tax expense(44)(55)(57)(64)(63)(70)(77)
Income before gain (loss) on sale of properties:167209231171134137164
Other undisclosed net income (loss)0(4)(15)(13)   
Net income:167205216157134137164
Other undisclosed net loss attributable to parent      (11)
Net income available to common stockholders, diluted:167205216157134137153

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:167205216157134137164
Other comprehensive income (loss)    (1)0(1)
Comprehensive income:167205216157133137163
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1857(26)(2)(28)(10)45
Comprehensive income, net of tax, attributable to parent:186262190156105127208

Statements sources

The financial statements are based on the company's filings with the 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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