International Bancshares
IBOC
$69.28 0.52%
Exchange: NASDAQ | Sector: Financial Services | Industry: Banks Regional
Q4 2024
Published: Feb 27, 2025

Earnings Highlights

  • Revenue of $208.26M down 18.9% year-over-year
  • EPS of $1.85 increased by 8.2% from previous year
  • Gross margin of 100.0%
  • Net income of 115.08M
  • ""We are continuously striving to optimize our operations while being responsive to the prevailing market conditions that influence our lending practices."" - CEO of International Bancshares Corporation
IBOC
International Bancshares Corporation

Executive Summary

International Bancshares Corporation (IBOC) reported a mixed performance for Q4 2024, with net income increasing by 8.19% year over year, reaching $115.08 million, and an earnings per share (EPS) of $1.85. While the company showed resilience in profitability, revenue declined to $208.26 million, down 18.94% year over year and 1.67% from the previous quarter. The impact of strategic cost management was evident in operating expenses, which remain stable despite revenue pressures. Investors should note that while the bottom line shows strength, the revenue downturn poses questions regarding future growth management's efforts to navigate amidst the current economic environment.

Key Performance Indicators

Revenue
Decreasing
208.26M
QoQ: -1.67% | YoY: -18.94%
Gross Profit
Decreasing
208.26M
1.00% margin
QoQ: -1.67% | YoY: -18.94%
Operating Income
Decreasing
133.65M
QoQ: N/A | YoY: -0.07%
Net Income
Increasing
115.08M
QoQ: 15.35% | YoY: 8.19%
EPS
Increasing
1.85
QoQ: 15.63% | YoY: 8.19%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 251.64 1.56 -1.1% View
Q4 2024 208.26 1.85 -18.9% View
Q3 2024 211.78 1.60 -0.4% View
Q2 2024 259.19 1.56 +27.0% View
Q1 2024 254.33 1.56 +23.7% View