International Bancshares Corp (OQ:IBOC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 1200 San Bernardo
Tel: 1-956-7227611
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 three months ended 31 March 2024, International Bancshares Corp interest income increased 13% to $212.1M. Net interest income after loan loss provision decreased 4% to $150.6M. Net income decreased 4% to $97.3M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities. Net income also reflects Time Deposits increase from $6.8M to $21.3M (expense).
Employees: 2,062 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,193M as of Mar 31, 2024
Annual revenue (TTM): $824.10M as of Mar 31, 2024
EBITDA (TTM): $548.07M as of Mar 31, 2024
Net annual income (TTM): $407.46M as of Mar 31, 2024
Free cash flow (TTM): $357.26M as of Mar 31, 2024
Net Debt Last Fiscal Year: N/A
Shares outstanding: 62,176,953 as of Apr 29, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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