INTERNATIONAL BANCSHARES CORPORATION IBOC Income Statement

International bancshares corporation (IBOC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Interest income:
Loans, including fees
413,611	375,173	322,508	297,820	297,283	281,546	263,027	268,588	292,514	314,202	335,769	370,718
Investment securities:
Federal funds sold
-	-	-	-	-	-	-	-	-	-	-	927
Taxable
72,485	81,484	82,347	79,533	88,008	100,095	87,198	94,885	113,650	135,106	185,931	188,928
Tax-exempt
4,885	8,141	9,656	10,356	11,319	11,767	12,877	11,663	10,091	7,240	5,070	3,514
Other interest income
1,420	1,024	625	205	144	191	115	503	1,869	2,221	607	516
Total interest income
492,401	465,822	415,136	387,914	396,754	393,599	363,217	375,639	418,124	458,769	527,377	564,603
Interest expense:
Time deposits
20,970	13,096	9,736	9,963	11,233	12,033	15,444	23,973	31,556	46,967	62,255	106,479
Securities sold under repurchase agreements
2,432	2,415	6,617	20,876	23,777	24,616	29,171	37,645	42,263	44,216	44,723	50,400
Other borrowings
12,413	17,404	10,978	3,128	1,615	2,033	1,590	998	1,623	1,269	9,451	33,976
Junior subordinated deferrable interest debentures
6,435	6,989	5,392	4,600	4,099	4,264	4,665	6,595	11,073	12,201	12,535	14,137
Other interest expense
-	-	-	-	-	-	-	-	-	-	-	88
Total interest expense
58,629	52,668	38,931	43,129	44,317	46,543	54,632	74,499	94,298	114,036	139,796	231,731
Net interest income
433,772	413,154	376,205	344,785	352,437	347,056	308,585	301,140	323,826	344,733	387,581	332,872
Provision for probable loan losses
18,843	6,112	11,221	19,859	24,405	14,423	22,968	27,959	17,318	22,812	58,833	19,813
Net interest income after provision for credit losses
414,929	407,042	364,984	324,926	328,032	332,633	285,617	273,181	306,508	321,921	328,748	313,059
Non-interest income:
Service charges on deposit accounts
-	-	-	-	78,825	88,586	97,087	93,128	97,968	99,644	99,642	98,466
Other service charges, commissions and fees
Banking
-	-	-	-	44,971	44,435	41,075	38,523	50,686	47,930	42,861	40,543
Non-banking
-	-	-	-	7,223	7,463	7,116	6,998	7,304	8,439	12,697	7,592
Investment securities transactions, net
-12	-141	-4,774	-2,626	-3,682	1,283	9,601	38,446	17,285	33,209	11,956	6,427
Other investments, net
5,985	19,897	18,918	23,827	16,969	22,023	22,383	13,339	16,041	17,696	19,773	15,183
Other income
17,523	18,367	11,085	13,647	11,428	14,558	12,343	10,157	12,209	11,866	14,084	21,598
Total non-interest income
154,826	165,042	150,406	161,702	155,734	178,348	189,605	200,591	201,493	218,784	201,013	189,809
Non-interest expense:
Employee compensation and benefits
145,929	138,532	132,750	128,661	125,135	121,511	119,845	118,041	126,004	127,469	130,849	129,084
Occupancy
28,635	29,097	28,439	26,583	28,019	32,530	31,766	34,608	38,722	36,631	35,374	38,315
Depreciation of bank premises and equipment
28,270	25,873	25,281	24,738	25,009	24,013	26,017	26,756	34,935	35,395	35,879	36,700
Professional fees
17,661	12,601	13,650	13,672	12,278	10,925	13,146	14,369	12,998	15,625	12,640	10,051
Deposit insurance assessments
1,416	3,742	3,294	5,777	5,938	6,082	6,737	7,709	9,047	10,253	10,249	1,027
Net expense, other real estate owned
-6,377	-4,413	-965	-5,688	-5,695	-2,358	-6,896	-8,929	-14,817	-6,055	-2,557	-
Amortization of identified intangible assets
-	-	25	128	644	2,389	4,633	4,651	5,293	5,284	5,286	5,195
Advertising
7,748	7,695	7,854	7,814	7,585	7,742	7,034	7,017	5,807	7,716	9,149	13,189
Early termination fee - securities sold under repurchase agreements
-	-	5,765	7,042	3,510	11,000	12,303	31,550	-	-	-	-
Software and software maintenance
19,850	17,516	19,189	15,087	11,225	9,824	-	-	-	-	-	-
Litigation expense
-	-	-	-	-	-	-	-	-	21,837	-	-
Impairment charges (Total other-than-temporary impairment charges, $0 net of $0, $0 net of $0, and $793 net of $1,147 included in other comprehensive loss)
-	-	-	354	954	817	1,374	1,039	977	8,416	-	-
Other
53,915	60,032	56,536	54,081	50,932	51,852	62,881	60,703	68,174	65,044	67,048	67,665
Total non-interest expense
309,801	299,501	293,748	289,625	276,924	281,043	292,632	315,372	316,774	339,725	309,031	301,226
Income before income taxes
259,954	272,583	221,642	197,003	206,842	229,938	182,590	158,400	191,227	200,980	220,730	201,642
Provision for income taxes
54,850	56,652	64,206	63,071	70,116	76,787	56,239	50,565	64,078	70,957	77,988	69,530
Net income
-	-	-	-	-	153,151	126,351	93,473	113,869	116,897	129,758	132,112
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	14,362	13,280	13,126	12,984	-
Net income
205,104	215,931	157,436	133,932	136,726	-	126,351	107,835	127,149	130,023	142,742	132,112
Basic earnings per common share:
Weighted average number of shares outstanding (in shares)
65,476	66,106	66,046	65,967	66,411	66,872	67,195	67,236	67,506	67,921	68,373	68,576
Net income (in dollars per share)
3.13	3.27	2.38	2.03	2.06	2.29	1.88	1.39	1.69	1.72	1.90	1.93
Fully diluted earnings per common share:
Weighted average number of shares outstanding (in shares)
65,685	66,633	66,778	66,313	66,636	67,056	67,314	67,313	67,569	68,004	68,394	68,714
Net income (in dollars per share)
3.12	3.24	2.36	2.02	2.05	2.28	1.88	1.39	1.69	1.72	1.90	1.92
Services charges on deposit accounts
Service charges
72,502	72,433	72,868	73,581	-	-	-	-	-	-	-	-
Other service charges, commissions and fees, Banking
Service charges
50,996	46,685	44,964	46,267	-	-	-	-	-	-	-	-
Other service charges, commissions and fees, Non-banking
Service charges
7,832	7,801	7,345	7,006	-	-	-	-	-	-	-	-