"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
03Detailed Report
IBOC
International Bancshares Corporation
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 11, 2026
Swipe to view all report sections
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
Financial Highlights
Revenue of $208.26 millionwas down by 1.67% quarter over quarter and 18.94% year over year, reflecting significant challenges. The company maintained a gross profit ratio of 100%, signifying efficient cost management but highlighting a reliance on revenue to drive growth. Net income increased by 8.19% YOY and 15.35% QoQ, reflecting stronger net income margins of 0.55 compared to the previous quarters. Operating income decreased marginally by 0.07% YOY. Investment in property and plant proved substantial at $1.65 million with a noticeable focus on maintaining cash flow positive, with net cash provided by operating activities at $114.88 million while free cash flow stood at $116.53 million, demonstrating stability in cash flow despite declining revenue.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
208.26M
-18.94%
-1.67%
Gross Profit
208.26M
-18.94%
-1.67%
Operating Income
133.65M
-0.07%
N/A
Net Income
115.08M
8.19%
15.35%
EPS
1.85
8.19%
15.63%
Key Financial Ratios
Gross Profit Margin
Weak
1.00%
Gross profit margin is below industry norms, profitability concerns
Operating Profit Margin
Excellent
64.20%
Operating margin is exceptional, indicating strong pricing power and operational efficiency
Net Profit Margin
Excellent
55.30%
Net profit margin is exceptional, indicating strong pricing power and operational efficiency
Return on Assets
Weak
0.73%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
4.11%
Return on equity suggests inefficient capital allocation
Debt to Equity
Conservative
0.04
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Value
8.53x
P/E ratio suggests potential undervaluation or stable earnings
Price to Book
Fair Value
1.40x
Price-to-book ratio reasonable for profitable companies
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.