IBOC Q1 2024 Earnings — International Bancshares Corporation Revenue & Financial Results | Market Cap Arena

IBOCInternational Bancshares Corporation

$4B

Q1 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$254M+11.3% YoY

Gross Profit

$193M75.8% margin

Operating Income

$123M48.5% margin

Net Income

$97M38.3% margin

EPS (Diluted)

$1.56

QoQ Revenue Growth

-0.7%

Cash Flow

Operating Cash Flow

$135M

Free Cash Flow

$129M

Stock-Based Comp.

$74,000

Balance Sheet

Total Assets

$15.4B

Total Liabilities

$12.9B

Stockholders' Equity

$2.5B

Cash & Equivalents

$909M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$254M	$229M	+11.3%
Gross Profit	$193M	$197M	-2.1%
Operating Income	$123M	$129M	-4.4%
Net Income	$97M	$102M	-4.2%

Revenue Segments

Services charges on deposit accounts

$18M52%

Other service charges, commissions and fees, Banking

$14M41%

Other service charges, commissions and fees, Non-banking

$2M6%