IBOC Q2 2024 Earnings — International Bancshares Corporation Revenue & Financial Results | Market Cap Arena

IBOCInternational Bancshares Corporation

$4B

Q2 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$259M+9.9% YoY

Gross Profit

$199M76.8% margin

Operating Income

$125M48.2% margin

Net Income

$97M37.4% margin

EPS (Diluted)

$1.56

QoQ Revenue Growth

+1.9%

Cash Flow

Operating Cash Flow

$107M

Free Cash Flow

$105M

Stock-Based Comp.

$48,000

Balance Sheet

Total Assets

$15.5B

Total Liabilities

$12.9B

Stockholders' Equity

$2.6B

Cash & Equivalents

$792M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$259M	$236M	+9.9%
Gross Profit	$199M	$195M	+1.9%
Operating Income	$125M	$128M	-2.3%
Net Income	$97M	$100M	-3.5%

Revenue Segments

Services charges on deposit accounts

$18M51%

Other service charges, commissions and fees, Banking

$15M41%

Other service charges, commissions and fees, Non-banking

$3M8%