IBOCInternational Bancshares Corporation

$4B

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$256M+16.2% YoY

Gross Profit

$204M79.8% margin

Operating Income

$136M53.0% margin

Net Income

$106M41.5% margin

EPS (Diluted)

$1.71

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$133M

Free Cash Flow

$124M

Stock-Based Comp.

$75,000

Balance Sheet

Total Assets

$15.1B

Total Liabilities

$12.6B

Stockholders' Equity

$2.4B

Cash & Equivalents

$651M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$256M	$220M	+16.2%
Gross Profit	$204M	$197M	+3.5%
Operating Income	$136M	$135M	+0.6%
Net Income	$106M	$105M	+0.9%

Revenue Segments

Services charges on deposit accounts

$38M53%

Other service charges, commissions and fees, Banking

$29M40%

Other service charges, commissions and fees, Non-banking

$5M7%

IBOC Q4 2023 Earnings — International Bancshares Corporation Revenue & Financial Results | Market Cap Arena