International Bancshares (IBOC) FY2023 results: revenue $833 million, up 23.5% on the year
International Bancshares Corp. (IBOC) reported revenue of $833 million for fiscal 2023, the year ended 31 December 2023, up 23.5% on the year before. Net income was $412 million, up 37.1%, and diluted earnings per share $6.62. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2024.
Revenue
$833 million
+23.5% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$412 million
+37.1% on the year
FY2016FY2023
Diluted EPS
$6.62
+38.5% on the year
FY2016FY2023
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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
474
388
292
+22.3%
Capital expenditure
27.5
19.2
10.4
+43.1%
Free cash flow
447
369
281
+21.2%
Cash from investing
-1,067
-992
-916
Cash from financing
-844
-517
1,836
Share-based compensation
0.3
0.4
0.5
-26.5%
Buybacks
4.6
52.0
0.7
-91.1%
Dividends paid
78.2
75.4
72.8
+3.8%
Dividend per share
$1.26
$1.20
$1.15
+5.0%
Diluted shares, weighted
62m
63m
63m
-0.9%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
2,448
2,045
2,308
+19.7%
Deposits
11,825
12,660
12,618
-6.6%
Debt
650
577
1,010
+12.7%
Other liabilities
144
220
109
-34.6%
Total liabilities and equity
15,066
15,501
16,046
-2.8%
Fixed assets
437
432
447
+1.3%
Goodwill
283
283
283
0.0%
Investments
4,831
4,427
4,223
+9.1%
Loans
7,902
7,305
n/a
+8.2%
Cash and equivalents
651
2,088
3,209
-68.8%
Other assets
962
968
7,884
-0.6%
Total assets
15,066
15,501
16,046
-2.8%
10-K for the year ended 31 December 2023, filed 26 February 2024: the filing.