NASDAQ$IBOC

International Bancshares Corporation · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

IBC reported net income of $83.4 million and diluted earnings per share of $1.34 for the quarter ended September 30, 2022.

International Bancshares Corporation reported a strong increase in net income for the three months ended September 30, 2022, with net income reaching $83.4 million, a 52.7% increase compared to the same period in 2021. Diluted earnings per share also increased by 55.8% to $1.34. The positive results were attributed to an increase in net interest income, driven by growth in the investment securities portfolio, interest earned on funds held at the Federal Reserve Bank, and increased loan interest income.

  • Net income for Q3 2022 increased by 52.7% to $83.4 million compared to Q3 2021.
  • Diluted earnings per share for Q3 2022 increased by 55.8% to $1.34 compared to Q3 2021.
  • Increase in net interest income positively impacted net income for the quarter.
  • Total assets reached $16.1 billion, and total deposits were $12.9 billion as of September 30, 2022.

Headline financials

Total Revenue

$190M

Previous: $142M+33.9%
EPS (adj)

$1.34

Previous: $0.86+55.8%
Capital Expenditures

-$12.8M

Previous: -$6.07M-110.8%
Free Cash Flow

$70.6M

Previous: $48.5M+45.4%
Net Income

$83.4M

Previous: $54.6M+52.7%
Operating Income

$163M

Previous: $118M+37.8%
Gross Profit

$181M

Previous: $139M+30.5%
Cash & Equivalents

$3.24B

Previous: $2.29B+41.8%
Total Assets

$16.1B

Previous: $15.7B+2.7%
Stock-Based Comp

$118K

Previous: $118K+0.0%

Revenue & EPS history

IBC · Revenue · Quarterly

$190M

Q3 2022+33.9%vs Q3 2021

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+0.6%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.3%

Avg return

30 days after

60%

41 / 68 earnings

Positive

+9.1%

Q1 2020

Best reaction

-9.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-0.2%+0.6%
Q4 2025-0.5%-1.8%-3.6%
Q3 2025-2.0%-3.6%+0.9%
Q1 2025-0.4%-3.4%-4.8%
Q4 2024+0.8%-3.1%-4.1%
Q3 2024-2.0%-0.9%-0.8%
Q2 2024-9.1%-14.3%-6.3%
Q1 2024+3.9%+4.7%-0.6%
Q4 2023-0.6%-0.9%+7.8%
Q3 2023+7.7%+3.4%+5.7%
Q2 2023-1.8%-3.3%-5.8%
Q1 2023+2.6%+1.7%+13.1%
Q4 2022+3.7%+5.9%-5.5%
Q3 2022+3.9%+6.4%+8.2%
Q2 2022+0.9%+0.4%-6.4%
Q1 2022-4.7%-4.6%-1.0%
Q4 2021+3.5%-1.8%+5.5%
Q3 2021+1.1%+1.3%-7.4%
Q2 2021+7.1%+8.6%+6.7%
Q1 2021+1.9%+0.2%-4.9%
Q4 2020-4.2%-1.2%+7.3%
Q3 2020+1.6%+14.4%+30.2%
Q2 2020+4.9%+9.2%-1.2%
Q1 2020+9.1%-1.4%+27.9%
Q4 2019-8.1%-8.7%-31.7%
Q3 2019+0.0%-0.2%+0.8%
Q2 2019+1.0%-0.2%+8.6%
Q1 2019+0.2%-2.0%-11.6%
Q4 2018+2.0%+2.7%-5.0%
Q3 2018+2.1%-1.3%-12.0%
Q2 2018+1.3%+1.1%+5.3%
Q1 2018+3.3%+4.1%+9.4%
Q4 2017+2.6%+5.4%+0.6%
Q3 2017-3.3%-1.3%+1.4%
Q2 2017+1.3%-2.4%-2.4%
Q1 2017-3.1%-4.6%-7.3%
Q4 2016-1.0%-1.0%-9.5%
Q3 2016+4.2%+24.9%+35.8%
Q2 2016+4.3%+3.6%+8.7%
Q1 2016+2.2%
Q4 2015-2.4%
Q3 2015+4.4%
Q2 2015+1.7%
Q1 2015+0.5%
Q4 2014+0.6%
Q3 2014+1.7%
Q2 2014-2.8%
Q1 2014+5.8%
Q4 2013+2.4%
Q3 2013+2.8%
Q2 2013-1.3%
Q1 2013-0.3%
Q4 2012-2.4%
Q3 2012+5.2%
Q2 2012-2.3%
Q1 2012+1.0%
Q4 2010-1.8%
Q4 2011-1.8%
Q3 2011+1.6%
Q2 2011-0.1%
Q1 2010-1.0%
Q1 2011+3.0%
Q4 2008-2.3%
Q3 2009+2.9%
Q3 2010+2.9%
Q4 2009-5.8%
Q2 2009-5.8%
Q2 2010-5.8%

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