IBOC Q1 2023 Earnings — International Bancshares Corporation Revenue & Financial Results | Market Cap Arena

IBOCInternational Bancshares Corporation

$4B

Q1 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$229M+63.3% YoY

Gross Profit

$197M86.2% margin

Operating Income

$129M56.4% margin

Net Income

$102M44.5% margin

EPS (Diluted)

$1.63

QoQ Revenue Growth

+3.7%

Cash Flow

Operating Cash Flow

$143M

Free Cash Flow

$138M

Stock-Based Comp.

$102,000

Balance Sheet

Total Assets

$15.1B

Total Liabilities

$13.0B

Stockholders' Equity

$2.2B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$229M	$140M	+63.3%
Gross Profit	$197M	$132M	+49.1%
Operating Income	$129M	$68M	+89.7%
Net Income	$102M	$53M	+90.0%

Revenue Segments

Services charges on deposit accounts

$18M52%

Other service charges, commissions and fees, Banking

$14M42%

Other service charges, commissions and fees, Non-banking

$2M6%