International Bancshares (IBOC) FY2019 results: revenue $589 million, up 1.8% on the year
International Bancshares Corp. (IBOC) reported revenue of $589 million for fiscal 2019, the year ended 31 December 2019, up 1.8% on the year before. Net income was $205 million, down 5.0%, and diluted earnings per share $3.12. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$589 million
+1.8% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$205 million
-5.0% on the year
FY2012FY2019
Diluted EPS
$3.12
-3.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
589
578
527
+1.8%
Interest expense
58.6
52.7
38.9
+11.3%
Pre-tax income
260
273
222
-4.6%
Income tax
54.9
56.7
64.2
-3.2%
Effective tax rate
21.1%
20.8%
29.0%
Net income
205
216
157
-5.0%
Net margin
34.8%
37.3%
29.9%
Diluted EPS
$3.12
$3.24
$2.36
-3.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
312
230
197
+35.6%
Capital expenditure
29.6
21.4
14.3
+38.3%
Free cash flow
282
208
183
+35.3%
Cash from investing
-318
379
-404
Cash from financing
-53.5
-558
203
Share-based compensation
1.0
1.0
0.9
-5.3%
Buybacks
17.8
19.0
0.2
-6.3%
Dividends paid
68.7
49.6
43.6
+38.5%
Dividend per share
$1.05
$0.75
$0.66
+40.0%
Diluted shares, weighted
66m
67m
67m
-1.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,118
1,940
1,839
+9.2%
Deposits
8,826
8,697
8,545
+1.5%
Debt
998
1,096
1,709
-9.0%
Other liabilities
171
140
91.4
+22.4%
Total liabilities and equity
12,113
11,872
12,185
+2.0%
Fixed assets
507
507
514
-0.1%
Goodwill
283
283
283
0.0%
Securities held for sale or to maturity
3,381
3,413
4,127
-0.9%
Loans
6,835
6,500
6,280
+5.2%
Cash and equivalents
257
317
265
-18.9%
Other assets
851
853
715
-0.3%
Total assets
12,113
11,872
12,185
+2.0%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.