International Bancshares (IBOC) FY2013 results: revenue $498 million, down 0.7% on the year
International Bancshares Corp. (IBOC) reported revenue of $498 million for fiscal 2013, the year ended 31 December 2013, down 0.7% on the year before. Net income was $126 million, up 17.2%, and diluted earnings per share $1.88. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2014.
Revenue
$498 million
-0.7% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$126 million
+17.2% on the year
FY2008FY2013
Diluted EPS
$1.88
+35.3% on the year
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
498
502
525
-0.7%
Interest expense
54.6
74.5
94.3
-26.7%
Pre-tax income
183
158
191
+15.3%
Income tax
56.2
50.6
64.1
+11.2%
Effective tax rate
30.8%
31.9%
33.5%
Net income
126
108
127
+17.2%
Net margin
25.4%
21.5%
24.2%
Diluted EPS
$1.88
$1.39
$1.69
+35.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
209
160
181
+30.7%
Capital expenditure
50.0
62.0
20.4
-19.4%
Free cash flow
159
98.0
160
+62.4%
Share-based compensation
0.4
0.5
0.4
-12.7%
Buybacks
n/a
1.7
6.4
Dividends paid
28.9
26.9
25.6
+7.4%
Dividend per share
$0.43
$0.40
$0.38
+7.5%
Diluted shares, weighted
67m
67m
68m
+0.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,424
1,436
1,600
-0.8%
Deposits
8,243
8,287
7,946
-0.5%
Debt
2,372
2,069
2,034
+14.6%
Other liabilities
39.6
90.3
160
-56.2%
Total liabilities and equity
12,079
11,883
11,740
+1.7%
Fixed assets
505
481
453
+4.9%
Goodwill
283
283
283
0.0%
Intangible assets
3.2
7.8
12.2
-59.3%
Securities held for sale or to maturity
2.4
2.4
2.5
0.0%
Loans
5,129
4,717
4,969
+8.7%
Cash and equivalents
255
283
262
-9.9%
Other assets
5,902
6,109
5,758
-3.4%
Total assets
12,079
11,883
11,740
+1.7%
10-K for the year ended 31 December 2013, filed 24 February 2014: the filing.