International Bancshares (IBOC) FY2016 results: revenue $506 million, down 0.3% on the year
International Bancshares Corp. (IBOC) reported revenue of $506 million for fiscal 2016, the year ended 31 December 2016, down 0.3% on the year before. Net income was $134 million, down 2.0%, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2017.
Revenue
$506 million
-0.3% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$134 million
-2.0% on the year
FY2009FY2016
Diluted EPS
$2.02
-1.5% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
506
508
525
-0.3%
Interest expense
43.1
44.3
46.5
-2.7%
Pre-tax income
197
207
230
-4.8%
Income tax
63.1
70.1
76.8
-10.0%
Effective tax rate
32.0%
33.9%
33.4%
Net income
134
137
153
-2.0%
Net margin
26.4%
26.9%
29.1%
Diluted EPS
$2.02
$2.05
$2.28
-1.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
203
204
193
-0.2%
Capital expenditure
38.9
19.8
50.4
+95.9%
Free cash flow
164
184
143
-10.6%
Cash from investing
-138
373
n/a
Cash from financing
-69.3
-559
n/a
Share-based compensation
1.1
1.2
1.1
-7.7%
Buybacks
8.0
6.7
18.9
+19.3%
Dividends paid
39.6
38.5
34.8
+2.7%
Dividend per share
$0.60
$0.58
$0.52
+3.4%
Diluted shares, weighted
66m
67m
67m
-0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,725
1,666
1,581
+3.6%
Deposits
8,610
8,536
8,439
+0.9%
Debt
1,399
1,495
2,108
-6.4%
Other liabilities
70.5
76.2
69.5
-7.4%
Total liabilities and equity
11,804
11,773
12,197
+0.3%
Fixed assets
528
517
526
+2.1%
Goodwill
283
283
283
0.0%
Intangible assets
0.0
0.2
0.8
-83.7%
Securities held for sale or to maturity
2.4
2.4
2.4
0.0%
Loans
5,900
5,884
5,614
+0.3%
Cash and equivalents
269
273
255
-1.4%
Other assets
4,822
4,814
5,515
+0.2%
Total assets
11,804
11,773
12,197
+0.3%
10-K for the year ended 31 December 2016, filed 27 February 2017: the filing.