International Bancshares (IBOC) FY2024 results: revenue $834 million, unchanged on the year
International Bancshares Corp. (IBOC) reported revenue of $834 million for fiscal 2024, the year ended 31 December 2024, unchanged on the year before. Net income was $409 million, down 0.6%, and diluted earnings per share $6.57. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$834 million
+0.0% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$409 million
-0.6% on the year
FY2017FY2024
Diluted EPS
$6.57
-0.8% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
474
474
388
-0.1%
Capital expenditure
14.1
27.5
19.2
-48.6%
Free cash flow
460
447
369
+2.9%
Cash from investing
-985
-1,067
-992
Cash from financing
213
-844
-517
Share-based compensation
0.2
0.3
0.4
-35.2%
Buybacks
1.0
4.6
52.0
-79.1%
Dividends paid
82.1
78.2
75.4
+4.9%
Dividend per share
$1.32
$1.26
$1.20
+4.8%
Diluted shares, weighted
62m
62m
63m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,797
2,448
2,045
+14.3%
Deposits
12,112
11,825
12,660
+2.4%
Debt
655
650
577
+0.7%
Other liabilities
176
144
220
+22.1%
Total liabilities and equity
15,739
15,066
15,501
+4.5%
Fixed assets
428
437
432
-2.0%
Goodwill
283
283
283
0.0%
Investments
4,998
4,831
4,427
+3.4%
Loans
8,653
7,902
7,305
+9.5%
Cash and equivalents
353
651
2,088
-45.8%
Other assets
1,024
962
968
+6.4%
Total assets
15,739
15,066
15,501
+4.5%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.