International Bancshares (IBOC) FY2015 results: revenue $508 million, down 3.3% on the year
International Bancshares Corp. (IBOC) reported revenue of $508 million for fiscal 2015, the year ended 31 December 2015, down 3.3% on the year before. Net income was $137 million, down 10.7%, and diluted earnings per share $2.05. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$508 million
-3.3% on the year
FY2008FY2015
Operating margin
n/a
FY2008FY2015
Net income
$137 million
-10.7% on the year
FY2008FY2015
Diluted EPS
$2.05
-10.1% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
508
525
498
-3.3%
Interest expense
44.3
46.5
54.6
-4.8%
Pre-tax income
207
230
183
-10.0%
Income tax
70.1
76.8
56.2
-8.7%
Effective tax rate
33.9%
33.4%
30.8%
Net income
137
153
126
-10.7%
Net margin
26.9%
29.1%
25.4%
Diluted EPS
$2.05
$2.28
$1.88
-10.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
204
193
209
+5.5%
Capital expenditure
19.8
50.4
50.0
-60.6%
Free cash flow
184
143
159
+28.8%
Cash from investing
373
n/a
n/a
Cash from financing
-559
n/a
n/a
Share-based compensation
1.2
1.1
0.4
+10.8%
Buybacks
6.7
18.9
n/a
-64.7%
Dividends paid
38.5
34.8
28.9
+10.8%
Dividend per share
$0.58
$0.52
$0.43
+11.5%
Diluted shares, weighted
67m
67m
67m
-0.6%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,666
1,581
1,424
+5.4%
Deposits
8,536
8,439
8,243
+1.2%
Debt
1,495
2,108
2,372
-29.1%
Other liabilities
76.2
69.5
39.6
+9.6%
Total liabilities and equity
11,773
12,197
12,079
-3.5%
Fixed assets
517
526
505
-1.8%
Goodwill
283
283
283
0.0%
Intangible assets
0.2
0.8
3.2
-80.8%
Securities held for sale or to maturity
2.4
2.4
2.4
0.0%
Loans
5,884
5,614
5,129
+4.8%
Cash and equivalents
273
255
255
+7.0%
Other assets
4,814
5,515
5,902
-12.7%
Total assets
11,773
12,197
12,079
-3.5%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.