International Bancshares (IBOC) FY2017 results: revenue $527 million, up 4.0% on the year
International Bancshares Corp. (IBOC) reported revenue of $527 million for fiscal 2017, the year ended 31 December 2017, up 4.0% on the year before. Net income was $157 million, up 17.5%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2018.
Revenue
$527 million
+4.0% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$157 million
+17.5% on the year
FY2010FY2017
Diluted EPS
$2.36
+16.8% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
527
506
508
+4.0%
Interest expense
38.9
43.1
44.3
-9.7%
Pre-tax income
222
197
207
+12.5%
Income tax
64.2
63.1
70.1
+1.8%
Effective tax rate
29.0%
32.0%
33.9%
Net income
157
134
137
+17.5%
Net margin
29.9%
26.4%
26.9%
Diluted EPS
$2.36
$2.02
$2.05
+16.8%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
197
203
204
-3.1%
Capital expenditure
14.3
38.9
19.8
-63.2%
Free cash flow
183
164
184
+11.0%
Cash from investing
-404
-138
373
Cash from financing
203
-69.3
-559
Share-based compensation
0.9
1.1
1.2
-16.5%
Buybacks
0.2
8.0
6.7
-97.7%
Dividends paid
43.6
39.6
38.5
+10.2%
Dividend per share
$0.66
$0.60
$0.58
+10.0%
Diluted shares, weighted
67m
66m
67m
+0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,839
1,725
1,666
+6.6%
Deposits
8,545
8,610
8,536
-0.8%
Debt
1,709
1,399
1,495
+22.2%
Other liabilities
91.4
70.5
76.2
+29.6%
Total liabilities and equity
12,185
11,804
11,773
+3.2%
Fixed assets
514
528
517
-2.5%
Goodwill
283
283
283
0.0%
Intangible assets
n/a
0.0
0.2
Securities held for sale or to maturity
4,127
2.4
2.4
+171,841.0%
Loans
6,280
5,900
5,884
+6.4%
Cash and equivalents
265
269
273
-1.4%
Other assets
715
4,822
4,814
-85.2%
Total assets
12,185
11,804
11,773
+3.2%
10-K for the year ended 31 December 2017, filed 28 February 2018: the filing.