INTERNATIONAL BANCSHARES CORPORATION IBOC Income Statement

International bancshares corporation (IBOC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Interest income:
Loans, including fees
410,036	413,611	412,486	403,626	390,145	375,173	359,991	347,557	334,940	322,508	312,836	303,830	298,970	297,820	297,982	300,770	299,091	297,283	295,158	289,008	286,117	281,546	277,328	272,784	267,365	263,027	260,231	261,003	263,799	268,588	273,789	278,996	286,157	292,514	299,500	304,076	308,268	314,202	320,680	327,859	0	0	0
Investment securities:
Taxable
69,673	72,485	76,305	78,478	79,570	81,484	83,470	84,260	84,555	82,347	80,185	78,812	78,419	79,533	80,594	81,584	84,245	88,008	90,982	94,511	97,799	100,095	103,130	100,802	92,858	87,198	84,698	86,265	90,892	94,885	96,888	101,927	107,907	113,650	119,650	124,888	128,028	135,106	144,283	159,323	0	0	0
Tax-exempt
4,002	4,885	5,923	6,885	7,595	8,141	8,562	8,990	9,360	9,656	9,878	10,030	10,200	10,356	10,731	11,071	11,193	11,319	11,195	11,038	11,017	11,767	12,433	13,007	13,364	12,877	12,420	12,074	11,838	11,663	11,565	11,287	10,824	10,091	9,134	8,337	7,734	7,240	6,689	5,901	0	0	0
Other interest income
1,239	1,420	1,303	1,283	1,168	1,024	860	647	707	625	538	444	249	205	190	172	147	144	163	175	164	191	177	167	157	115	134	266	438	503	517	397	1,880	1,869	1,933	3,548	2,055	2,221	2,209	701	0	0	0
Total interest income
484,950	492,401	496,017	490,272	478,478	465,822	452,883	441,454	429,562	415,136	403,437	393,116	387,838	387,914	389,497	393,597	394,676	396,754	397,498	394,732	395,097	393,599	393,068	386,760	373,744	363,217	357,483	359,608	366,967	375,639	382,759	392,607	406,768	418,124	430,217	440,849	446,085	458,769	473,861	493,784	0	0	0
Interest expense:
Time deposits
22,562	20,970	19,026	16,839	14,805	13,096	11,705	10,638	10,029	9,736	9,647	9,772	9,765	9,963	10,238	10,494	10,933	11,233	11,432	11,601	11,787	12,033	12,492	13,160	14,119	15,444	17,390	19,656	21,933	23,973	25,655	27,381	29,271	31,556	34,345	38,007	42,684	46,967	51,930	56,674	0	0	0
Securities sold under repurchase agreements
2,308	2,432	2,396	2,224	1,981	2,415	3,065	3,774	4,572	6,617	9,676	13,979	18,385	20,876	22,271	22,832	23,342	23,777	24,239	24,348	24,374	24,616	25,603	26,615	27,839	29,171	30,307	31,956	34,911	37,645	39,836	41,633	41,979	42,263	42,731	43,128	43,750	44,216	44,402	44,548	0	0	0
Other borrowings
11,745	12,413	14,129	15,343	16,209	17,404	17,170	16,208	14,404	10,978	8,166	5,582	3,764	3,128	2,592	2,155	1,767	1,615	1,644	1,757	1,952	2,033	2,165	2,131	1,856	1,590	1,490	1,231	1,080	998	737	874	1,181	1,623	1,939	1,924	1,608	1,269	1,489	2,796	0	0	0
Junior subordinated deferrable interest debentures
5,758	6,435	6,915	7,329	7,413	6,989	6,544	6,111	5,668	5,392	5,190	4,954	4,754	4,600	4,388	4,248	4,171	4,099	4,151	4,195	4,198	4,264	4,675	4,474	4,591	4,665	4,408	4,976	5,712	6,595	7,645	8,986	10,083	11,073	11,858	12,159	12,208	12,201	12,244	12,336	0	0	0
Total interest expense
57,744	58,629	58,873	57,472	55,187	52,668	49,323	45,816	41,820	38,931	38,149	39,331	41,558	43,129	43,746	43,704	43,890	44,317	45,048	45,490	45,914	46,543	48,529	49,961	52,027	54,632	57,559	61,972	68,312	74,499	79,606	85,265	89,658	94,298	99,381	104,204	109,414	114,036	119,729	126,478	0	0	0
Net interest income
427,206	433,772	437,144	432,800	423,291	413,154	403,560	395,638	387,742	376,205	365,288	353,785	346,280	344,785	345,751	349,893	350,786	352,437	352,450	349,242	349,183	347,056	344,539	336,799	321,717	308,585	299,924	297,636	298,655	301,140	303,153	307,342	317,110	323,826	330,836	336,645	336,671	344,733	354,132	367,306	0	0	0
Provision for credit loss expenses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for probable loan losses
-	-	18,263	17,265	-	6,112	5,337	7,648	11,183	11,221	14,071	6,133	12,425	19,859	20,313	30,492	31,162	24,405	24,860	18,844	14,722	14,423	13,946	16,930	17,627	22,968	28,779	28,328	30,093	27,959	26,226	26,547	18,523	17,318	15,150	16,317	19,663	22,812	25,841	41,862	0	0	0
Net interest income after provision for credit losses
398,947	414,929	418,881	415,535	411,421	407,042	398,223	387,990	376,559	364,984	351,217	347,652	333,855	324,926	325,438	319,401	319,624	328,032	327,590	330,398	334,461	332,633	330,593	319,869	304,090	285,617	271,145	269,308	268,562	273,181	276,927	280,795	298,587	306,508	315,686	320,328	317,008	321,921	328,291	325,444	0	0	0
Non-interest income:
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	74,155	75,747	77,743	78,825	81,229	83,116	85,716	88,586	91,750	94,262	95,319	97,087	95,890	94,612	94,205	93,128	94,664	95,121	95,939	97,968	97,702	99,110	100,146	99,644	100,272	98,905	0	0	0
Other service charges, commissions and fees
Banking
-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,471	42,777	44,895	44,971	45,201	45,053	44,068	44,435	43,503	43,950	41,912	41,075	40,905	39,070	38,442	38,523	38,479	42,736	47,724	50,686	53,543	51,581	49,336	47,930	46,087	45,171	0	0	0
Non-banking
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,960	7,248	7,410	7,223	7,377	7,369	6,674	7,463	7,591	7,600	7,954	7,116	6,695	6,641	6,808	6,998	7,929	7,568	7,063	7,304	6,655	7,585	8,263	8,439	11,615	11,299	0	0	0
Investment securities transactions, net
-13	-12	-153	0	0	-	0	-	-	-4,774	-2,533	-3,878	-1,566	-2,626	-4,959	-3,614	-3,814	-3,682	-428	-6,874	-6,826	1,283	1,283	7,729	8,108	9,601	12,520	45,455	46,875	38,446	43,364	17,016	17,041	17,285	9,461	0	0	-	0	-	0	0	0
Other investments, net
1,806	5,985	8,390	11,575	19,119	19,897	23,074	22,387	19,376	18,918	21,164	20,308	20,244	23,827	19,551	19,869	20,565	16,969	17,132	18,373	17,220	22,023	19,888	18,118	24,444	22,383	21,411	21,190	15,202	13,339	15,147	14,246	15,819	16,041	17,838	19,799	19,695	17,696	15,557	14,650	0	0	0
Other income
19,792	17,523	16,808	15,638	16,852	18,367	15,941	15,072	12,246	11,085	11,987	12,446	13,112	13,647	12,628	14,271	13,032	11,428	11,715	8,650	10,144	14,558	17,274	17,628	16,802	12,343	9,605	9,584	9,134	10,157	12,472	12,572	12,718	12,209	10,794	10,709	11,752	11,866	14,206	15,883	0	0	0
Total non-interest income
153,827	154,826	154,503	154,309	162,196	165,042	161,143	160,006	151,666	150,406	156,674	155,838	158,486	161,702	153,806	156,298	159,831	155,734	162,226	155,687	156,996	178,348	181,289	189,287	194,539	189,605	187,026	216,552	210,666	200,591	212,055	189,259	196,304	201,493	198,339	194,017	195,553	218,784	218,761	228,064	0	0	0
Non-interest expense:
Employee compensation and benefits
145,850	145,929	144,555	142,877	140,323	138,532	138,164	136,591	134,638	132,750	132,071	132,192	130,608	128,661	127,617	125,671	124,166	125,135	122,315	122,679	123,018	121,511	120,803	119,104	119,879	119,845	119,491	119,405	118,851	118,041	119,467	120,960	123,370	126,004	127,617	127,962	127,840	127,469	131,857	131,802	0	0	0
Occupancy
29,157	28,635	29,271	28,816	29,399	29,097	29,692	29,269	28,523	28,439	27,182	26,919	26,408	26,583	26,241	27,231	28,006	28,019	29,804	30,526	31,701	32,530	31,899	31,638	30,962	31,766	32,331	32,759	33,686	34,608	35,339	37,947	38,855	38,722	38,298	37,005	36,714	36,631	35,312	34,424	0	0	0
Depreciation of bank premises and equipment
28,398	28,270	27,916	27,249	26,581	25,873	25,442	25,389	25,327	25,281	25,111	24,879	24,785	24,738	24,774	24,839	24,963	25,009	24,728	24,425	24,147	24,013	24,423	24,919	25,484	26,017	26,098	26,283	26,454	26,756	30,521	32,394	33,535	34,935	33,393	33,672	34,710	35,395	35,716	35,924	0	0	0
Professional fees
18,039	17,661	14,672	13,991	13,621	12,601	12,517	12,031	12,506	13,650	14,415	14,499	14,095	13,672	11,963	11,750	12,324	12,278	11,297	11,265	10,560	10,925	12,145	12,398	13,035	13,146	13,893	14,503	14,722	14,369	13,545	12,964	12,482	12,998	14,844	15,437	15,529	15,625	15,261	14,238	0	0	0
Deposit insurance assessments
-	1,416	3,311	3,410	3,525	3,742	3,886	3,965	3,904	3,294	3,754	4,079	4,674	5,777	5,830	6,009	5,941	5,938	6,011	6,015	6,133	6,082	6,188	6,356	6,560	6,737	7,424	8,030	7,758	7,709	6,872	7,055	8,157	9,047	10,087	10,090	10,166	10,253	9,438	12,499	0	0	0
Net expense, other real estate owned
-8,384	-6,377	-4,900	-4,233	-5,679	-4,413	-3,265	-1,947	220	-965	-2,102	-4,829	-5,724	-5,688	-6,196	-5,554	-5,105	-5,695	-4,728	-2,995	-2,897	-2,358	-3,876	-5,291	-6,036	-6,896	-8,022	-9,727	-9,537	-8,929	-9,230	-8,119	-14,884	-14,817	-11,743	-10,694	0	-	0	0	-	-	-
Stationery and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Amortization of identified intangible assets
-	-	-	-	-	-	-	-	-	25	57	89	121	128	299	428	557	644	584	540	1,527	2,389	3,428	4,467	4,477	4,633	4,639	4,646	4,651	4,651	4,806	4,967	5,127	5,293	5,288	5,285	5,286	5,284	5,266	5,266	0	0	0
Advertising
7,650	7,748	8,178	8,211	7,938	7,695	7,073	7,117	7,425	7,854	7,917	7,774	7,977	7,814	8,043	7,979	7,683	7,585	7,916	7,987	7,919	7,742	7,083	6,950	7,018	7,034	7,171	7,089	7,036	7,017	5,896	5,977	5,847	5,807	5,590	6,276	6,889	7,716	10,194	10,341	0	0	0
Early termination fee - securities sold under repurchase agreements
-	-	-	-	-	-	-	-	-	5,765	7,564	0	0	-	0	-	-	-	0	-	-	11,000	11,000	11,000	13,418	12,303	43,853	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Software and software maintenance
19,844	19,850	18,764	18,554	17,941	17,516	19,977	19,798	19,470	19,189	16,521	15,906	15,567	15,087	13,461	12,337	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Litigation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,837	0	0	0	-	-
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	535	694	851	954	965	989	954	817	626	926	1,154	1,374	1,692	1,358	1,163	1,039	923	970	914	977	3,956	4,201	1,462	8,416	0	0	0	-	-
Impairment charges (Total other-than-temporary impairment charges, $(254), net of $(420), $17, net of ($241), $1,055, net of $640, and $4,045, net of $(3,416) included in other comprehensive income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Other
55,877	53,915	53,987	55,214	58,536	60,032	60,259	57,812	55,458	56,536	53,895	54,926	54,337	54,081	52,761	51,571	49,577	50,932	48,367	50,803	52,290	51,852	62,842	61,334	61,444	62,881	60,432	62,060	62,797	60,703	65,606	66,248	66,281	68,174	62,917	62,546	63,814	65,044	67,754	72,217	0	0	0
Total non-interest expense
313,832	309,801	305,554	302,555	303,543	299,501	300,275	293,919	287,031	293,748	294,106	299,062	297,333	289,625	282,701	280,932	277,219	276,924	275,352	270,611	270,970	281,043	284,313	284,383	289,467	292,632	293,496	329,713	328,090	315,372	323,755	297,601	309,452	316,774	315,002	314,091	309,613	339,725	343,166	348,968	0	0	0
Income before income taxes
238,942	259,954	267,830	267,289	270,074	272,583	259,091	254,077	241,194	221,642	213,785	204,428	195,008	197,003	196,543	194,767	202,236	206,842	214,464	215,474	220,487	229,938	227,569	224,773	209,162	182,590	164,675	156,147	151,138	158,400	165,227	172,453	185,439	191,227	199,023	200,254	202,948	200,980	203,886	204,540	0	0	0
Provision for income taxes
50,906	54,850	55,931	55,739	55,657	56,652	56,454	62,907	62,342	64,206	66,111	60,595	62,056	63,071	63,114	65,106	68,388	70,116	74,155	73,951	75,120	76,787	74,028	72,639	67,234	56,239	51,547	48,967	46,921	50,565	52,739	55,212	60,124	64,078	71,827	70,140	71,450	70,957	67,310	70,380	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	-	93,473	98,609	103,883	111,997	113,869	113,957	116,913	118,335	116,897	123,495	121,123	0	0	0
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,362	13,879	13,358	13,318	13,280	13,239	13,201	13,163	13,126	13,081	13,037	0	0	0
Net income
188,036	205,104	211,899	211,550	214,417	215,931	202,637	191,170	178,852	157,436	147,988	0	0	-	0	-	-	136,726	0	0	0	-	153,541	152,134	141,928	126,351	113,128	107,180	104,217	107,835	112,488	117,241	125,315	127,149	127,196	130,114	131,498	130,023	136,576	134,160	0	0	0
Basic earnings per common share:
Weighted average number of shares outstanding (in shares)
65,070	65,191	65,449	65,648	65,617	66,083	66,136	66,114	66,092	66,075	66,060	66,053	65,994	64,964	65,948	66,944	66,014	66,353	66,449	66,424	66,416	66,572	66,860	66,925	67,130	67,204	67,197	67,190	67,187	67,205	67,225	67,244	67,271	67,272	67,423	67,628	67,701	67,695	67,822	68,063	68,103	68,192	68,520
Net income (in dollars per share)
0.54	0.79	0.79	0.76	0.79	0.89	0.77	0.80	0.81	0.69	0.60	0.61	0.48	0.54	0.54	0.45	0.50	0.53	0.48	0.51	0.54	0.58	0.50	0.56	0.65	0.58	0.47	0.41	0.42	0.32	0.33	0.32	0.42	0.40	0.41	0.43	0.45	0.40	0.45	0.45	0.42	0.49	0.41
Fully diluted earnings per common share:
Weighted average number of shares outstanding (in shares)
65,228	65,408	65,636	65,867	65,831	66,316	66,423	66,932	66,863	66,905	66,745	66,715	66,747	66,685	66,291	66,159	66,118	66,644	66,661	66,684	66,555	66,865	67,016	67,071	67,272	67,353	67,333	67,292	67,279	67,274	67,301	67,323	67,355	67,338	67,469	67,689	67,779	67,767	67,880	68,163	68,205	68,207	68,520
Net income (in dollars per share)
0.53	0.79	0.78	0.76	0.79	0.88	0.77	0.79	0.80	0.68	0.59	0.61	0.48	0.53	0.54	0.45	0.50	0.52	0.48	0.51	0.54	0.57	0.50	0.56	0.65	0.58	0.47	0.41	0.42	0.33	0.33	0.31	0.42	0.41	0.40	0.43	0.45	0.40	0.45	0.45	0.42	0.49	0.41
Services charges on deposit accounts
Service charges
72,879	72,502	72,368	72,036	71,981	72,433	72,032	72,347	72,674	72,868	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other service charges, commissions and fees, Banking
Service charges
51,286	50,996	48,659	47,051	46,439	46,685	45,833	45,828	45,701	44,964	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other service charges, commissions and fees, Non-banking
Service charges
8,077	7,832	8,290	8,160	7,950	7,801	7,566	7,534	7,370	7,345	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-