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Income Statement
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Op Efficiency
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INTERNATIONAL BANCSHARES CORP (IBOC)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  402.2359.2377.6413.6375.2322.5297.8297.3
        Interest income on investments  77.535.848.577.489.692.089.999.3
       525.8398.1427.0492.4465.8415.1387.9396.8
        Interest on deposits  36.519.931.953.738.622.219.114.8
    Total interest expense  79.726.839.1118.852.738.943.144.3
Net interest income  487.6371.3387.9433.8413.2376.2344.8352.4
Provision for loan losses       11.219.924.4
Net interest income after provision for loan losses  487.6371.3387.9433.8413.2365.0324.9328.0
        Deposit and loan fees         78.8
        Gain on sale of investments, net        0.4-2.7
        Other non-interest income  187.1222.3150.6154.8165.0150.4161.379.6
Total non-interest income  187.1222.3150.6154.8165.0150.4161.7155.7
Non-interest expenses  270.5263.3281.3309.8299.5293.7289.6276.9
Pre-tax income  382.6322.3211.8260.0272.6221.6197.0206.8
Income taxes  82.468.444.454.956.764.263.170.1
            Tax rate  21.5%21.2%21.0%21.1%20.8%29.0%32.0%33.9%
Earnings from continuing ops  300.2253.9167.3205.1215.9157.4133.9136.7
Earnings from discontinued ops     0.00.00.00.0 
Net income  300.2253.9167.3205.1215.9157.4133.9136.7
            Net margin  44.5%42.8%31.1%34.8%37.3%30.5%27.5%28.3%
   
Basic EPS  $4.79$4.01$2.63$3.13$3.27$2.38$2.03$2.06
Diluted EPS  $1.59$1.33$0.87$1.04$1.08$0.79$0.67$2.05
   
Shares outstanding (basic)  62.763.463.765.566.166.066.066.4
Shares outstanding (diluted)  188.3190.3191.4196.8199.4199.6198.666.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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