International Bancshares Corporation (IBOC)

International Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	678.57	620.05	402.18	359.22	377.58	413.61
Interest Income on Investments	181.56	180.11	123.6	38.89	49.43	78.79
Total Interest Income	860.13	800.16	525.78	398.1	427.01	492.4
Interest Paid on Deposits	169.66	113.5	23.84	15.77	25.59	37.35
Interest Paid on Borrowings	30.16	23.17	14.31	11.07	13.53	21.28
Total Interest Expense	199.82	136.66	38.16	26.83	39.12	58.63
Net Interest Income	660.31	663.5	487.63	371.27	387.89	433.77
Net Interest Income Growth (YoY)	0.29%	36.07%	31.34%	-4.28%	-10.58%	4.99%
Gain (Loss) on Sale of Investments	14.8	9.6	17.54	68.79	4.92	5.97
Other Non-Interest Income	87.29	86.41	96.82	87.33	83.68	76.35
Total Non-Interest Income	176.1	169.94	187.13	222.33	150.58	154.83
Non-Interest Income Growth (YoY)	4.06%	-9.19%	-15.83%	47.65%	-2.74%	-6.19%
Revenues Before Loan Losses	836.41	833.44	674.76	593.6	538.47	588.6
Provision for Loan Losses	37.05	34.58	21.65	7.96	45.38	18.84
Revenue	799.36	798.87	653.11	585.64	493.09	569.76
Revenue Growth (YoY)	0.95%	22.32%	11.52%	18.77%	-13.46%	-0.41%
Salaries and Employee Benefits	142.31	134.11	127.27	122.97	129.3	144.95
Occupancy Expenses	22.52	21.94	21.82	25.03	28.32	28.27
Federal Deposit Insurance	3.84	6.29	6.99	4.39	1.87	1.42
Selling, General & Administrative	69.2	65.22	57.25	56.4	61.72	74.87
Other Non-Interest Expense	49.94	51.78	57.01	49.45	50.32	53.92
Total Non-Interest Expense	288.56	275.35	270.47	263.32	281.33	309.8
EBT Excluding Unusual Items	510.81	523.51	382.64	322.33	211.76	259.95
Pretax Income	510.81	523.51	382.64	322.33	211.76	259.95
Income Tax Expense	110.35	111.74	82.41	68.41	44.44	54.85
Net Income	400.46	411.77	300.23	253.92	167.32	205.1
Net Income to Common	400.46	411.77	300.23	253.92	167.32	205.1
Net Income Growth	-2.52%	37.15%	18.24%	51.76%	-18.42%	-5.01%
Basic Shares Outstanding	62	62	63	63	64	65
Diluted Shares Outstanding	62	62	63	63	64	66
Shares Change (YoY)	0.04%	-0.94%	-1.07%	-0.57%	-2.79%	-1.42%
EPS (Basic)	6.44	6.63	4.79	4.01	2.63	3.13
EPS (Diluted)	6.43	6.62	4.78	4.00	2.62	3.12
EPS Growth	-2.66%	38.49%	19.50%	52.67%	-16.03%	-3.70%
Dividend Per Share	1.320	1.260	1.200	1.150	1.100	1.050
Dividend Growth	4.76%	5.00%	4.35%	4.55%	4.76%	40.00%
Effective Tax Rate	21.60%	21.34%	21.54%	21.22%	20.99%	21.10%

Source: S&P Capital IQ. Banks template. Financial Sources.