International Bancshares (IBOC) FY2022 results: revenue $675 million, up 13.7% on the year
International Bancshares Corp. (IBOC) reported revenue of $675 million for fiscal 2022, the year ended 31 December 2022, up 13.7% on the year before. Net income was $300 million, up 18.2%, and diluted earnings per share $4.78. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$675 million
+13.7% on the year
FY2015FY2022
Operating margin
n/a
FY2015FY2022
Net income
$300 million
+18.2% on the year
FY2015FY2022
Diluted EPS
$4.78
+19.5% on the year
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ 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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
388
292
305
+33.0%
Capital expenditure
19.2
10.4
6.7
+84.9%
Free cash flow
369
281
298
+31.1%
Cash from investing
-992
-916
-344
Cash from financing
-517
1,836
1,779
Share-based compensation
0.4
0.5
0.7
-11.3%
Buybacks
52.0
0.7
48.9
+7,169.3%
Dividends paid
75.4
72.8
69.9
+3.5%
Dividend per share
$1.20
$1.15
$1.10
+4.3%
Diluted shares, weighted
63m
63m
64m
-1.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
2,045
2,308
2,178
-11.4%
Deposits
12,660
12,618
10,722
+0.3%
Debt
577
1,010
999
-42.9%
Other liabilities
220
109
130
+101.0%
Total liabilities and equity
15,501
16,046
14,029
-3.4%
Fixed assets
432
447
480
-3.5%
Goodwill
283
283
283
0.0%
Investments
4,427
4,223
3,090
+4.8%
Loans
7,305
n/a
n/a
Cash and equivalents
2,088
3,209
1,997
-34.9%
Other assets
968
7,884
8,179
-87.7%
Total assets
15,501
16,046
14,029
-3.4%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.