International Bancshares (IBOC) FY2014 results: revenue $525 million, up 5.5% on the year
International Bancshares Corp. (IBOC) reported revenue of $525 million for fiscal 2014, the year ended 31 December 2014, up 5.5% on the year before. Net income was $153 million, up 21.2%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$525 million
+5.5% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$153 million
+21.2% on the year
FY2008FY2014
Diluted EPS
$2.28
+21.3% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
525
498
502
+5.5%
Interest expense
46.5
54.6
74.5
-14.8%
Pre-tax income
230
183
158
+25.9%
Income tax
76.8
56.2
50.6
+36.5%
Effective tax rate
33.4%
30.8%
31.9%
Net income
153
126
108
+21.2%
Net margin
29.1%
25.4%
21.5%
Diluted EPS
$2.28
$1.88
$1.39
+21.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
193
209
160
-7.7%
Capital expenditure
50.4
50.0
62.0
+0.7%
Free cash flow
143
159
98.0
-10.3%
Share-based compensation
1.1
0.4
0.5
+155.6%
Buybacks
18.9
n/a
1.7
Dividends paid
34.8
28.9
26.9
+20.3%
Dividend per share
$0.52
$0.43
$0.40
+20.9%
Diluted shares, weighted
67m
67m
67m
-0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,581
1,424
1,436
+11.0%
Deposits
8,439
8,243
8,287
+2.4%
Debt
2,108
2,372
2,069
-11.1%
Other liabilities
69.5
39.6
90.3
+75.6%
Total liabilities and equity
12,197
12,079
11,883
+1.0%
Fixed assets
526
505
481
+4.3%
Goodwill
283
283
283
0.0%
Intangible assets
0.8
3.2
7.8
-75.0%
Securities held for sale or to maturity
2.4
2.4
2.4
0.0%
Loans
5,614
5,129
4,717
+9.5%
Cash and equivalents
255
255
283
0.0%
Other assets
5,515
5,902
6,109
-6.6%
Total assets
12,197
12,079
11,883
+1.0%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.