International Bancshares (IBOC) FY2018 results: revenue $578 million, up 9.8% on the year
International Bancshares Corp. (IBOC) reported revenue of $578 million for fiscal 2018, the year ended 31 December 2018, up 9.8% on the year before. Net income was $216 million, up 37.2%, and diluted earnings per share $3.24. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$578 million
+9.8% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$216 million
+37.2% on the year
FY2011FY2018
Diluted EPS
$3.24
+37.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
578
527
506
+9.8%
Interest expense
52.7
38.9
43.1
+35.3%
Pre-tax income
273
222
197
+23.0%
Income tax
56.7
64.2
63.1
-11.8%
Effective tax rate
20.8%
29.0%
32.0%
Net income
216
157
134
+37.2%
Net margin
37.3%
29.9%
26.4%
Diluted EPS
$3.24
$2.36
$2.02
+37.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
230
197
203
+16.8%
Capital expenditure
21.4
14.3
38.9
+49.5%
Free cash flow
208
183
164
+14.2%
Cash from investing
379
-404
-138
Cash from financing
-558
203
-69.3
Share-based compensation
1.0
0.9
1.1
+14.6%
Buybacks
19.0
0.2
8.0
+10,082.9%
Dividends paid
49.6
43.6
39.6
+13.8%
Dividend per share
$0.75
$0.66
$0.60
+13.6%
Diluted shares, weighted
67m
67m
66m
-0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,940
1,839
1,725
+5.5%
Deposits
8,697
8,545
8,610
+1.8%
Debt
1,096
1,709
1,399
-35.9%
Other liabilities
140
91.4
70.5
+52.9%
Total liabilities and equity
11,872
12,185
11,804
-2.6%
Fixed assets
507
514
528
-1.5%
Goodwill
283
283
283
0.0%
Intangible assets
n/a
n/a
0.0
Securities held for sale or to maturity
3,413
4,127
2.4
-17.3%
Loans
6,500
6,280
5,900
+3.5%
Cash and equivalents
317
265
269
+19.4%
Other assets
853
715
4,822
+19.3%
Total assets
11,872
12,185
11,804
-2.6%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.