International Bancshares Corp (OQ:IBOC)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1200 San Bernardo LAREDO TX 78040 |
| Tel: | 1-956-7227611 |
| Website: | https://www.ibc.com |
| IR: | See website |
| Key People | ||
| Dennis E. Nixon Chairman of the Board, President, Chief Executive Officer of International Bank of Commerce | Judith I. Wawroski Chief Accounting Officer, Treasurer, Executive Vice President of International Bank of Commerce | Dalia F. Martinez Vice President, Executive Vice President of IBC |
| Business Overview |
| International Bancshares Corporation is a multibank financial holding company. The Company is engaged in providing a diversified range of commercial and retail banking services in its main banking and branch facilities located in north, south, central, and southeast Texas and the State of Oklahoma. The Company, through its subsidiary banks, is engaged in the business of accepting checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. Its international banking business includes providing letters of credit, making commercial and industrial loans, and providing foreign-exchange services. The Company offers IBC Bank Online, an internet banking product that provides customers with online access to banking information and services, as well as IBC Mobile Banking, which provides users with banking access from their mobile devices. The Company has 256 automated teller machines (ATMs). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, International Bancshares Corp interest income increased 52% to $800.2M. Net interest income after loan loss provision increased 35% to $628.9M. Net income increased 37% to $411.8M. Net interest income after loan loss provision reflects Banking segment increase from $0K to $628.9M, Net Interest Margin, Total -% increase of 55% to 5.77%. |
| Employees: | 2,062 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,255M as of Dec 31, 2023 |
| Annual revenue (TTM): | $800.16M as of Dec 31, 2023 |
| EBITDA (TTM): | $553.86M as of Dec 31, 2023 |
| Net annual income (TTM): | $411.77M as of Dec 31, 2023 |
| Free cash flow (TTM): | $368.69M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 62,168,232 as of Feb 20, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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