International Bank of Commerce, Zapata
908 N. US Highway 83
Zapata, TX 78076
(956) 765-8361
Roma | Rio Grande City | 4031 E. Hwy 83 | Kingsville | Beeville |
1702 E. Grant St. | 4015 E. Hwy. 83 | (956) 487-5532 | 1320 General Cavazos Blvd | 802 E. Houston St. |
(956) 849-1047 | (956) 487-5531 | Hebbronville | (361) 516-1040 | (361) 358-8700 |
Alice | 4534 E. Hwy. 83 | 401 N. Smith Ave. | ||
2001 E. Main St. | (956) 487-5531 | (361) 527-2645 | ||
(361) 661-1211 |
International Bank of Commerce, Brownsville
1600 Ruben Torres Blvd
Brownsville, TX 78526-1831
(956) 547-1000
Brownsville | 3600 N.10th. St. | Port Isabel | Harlingen | Pharr | |
1623 Central Blvd. | (956) 688-3690 | 1401 W. Hwy. 100 | 501 S. Dixieland Rd. | 401 South Cage | |
(956) | 547-1000 | 2200 S. 10th St. (La Plaza East) | (956) 943-2108 | (956) 428-6902 | (956) 688-3635 |
4520A | E. 14th St. | (956) 688-3670 | Alamo | 321 S. 77th Sunshine Strip | 1007 North I Rd. |
(956) | 547-1300 | 802 S. Jackson Road | 1421 West Frontage Rd. | (956) 428-6454 | (956) 688-3655 |
(956) 688-3645 | Weslaco | ||||
79 E. Alton Gloor Blvd | (956) 630-9347 | 1801 W. Lincoln | |||
Alton | |||||
(956) | 547-1000 | 2200 S. 10th St. (La Plaza West) | (956) 428-4559 | 606 S. Texas Blvd. | |
215 West Martin Ave. | Mission | (956) 688-3605 | |||
2370 N. Expressway | (956) 688-3660 | ||||
(956) 630-9319 | |||||
(956) | 547-1000 | 2225 Nolana | 900 N. Bryan Rd. | 1310 N. Texas | |
Edinburg | |||||
(956) 688-3630 | (956) 968-5551 | ||||
630 E. Elizabeth St. | (956) 688-3600 | ||||
400 S. Closner | Hidalgo | ||||
(956) 547-100 | 1200 E. Jackson | 200 E. Griffin Pkwy | |||
(956) 688-3640 | |||||
(956) 632-3512 | 1023 S. Bridge | ||||
3600 W. Alton Gloor Blvd. | (956) 688-3685 | ||||
4101 S. McColl | (956) 688-3665 | ||||
(956) | 547-1000 | 2800 Nolana | 2410 E. Expressway 83 | ||
(956) 630-9337 | San Juan | ||||
McAllen | (956) 688-3625 | ||||
(956) 688-3620 | 1724 W. University Dr. Ste. B | ||||
121 S. Shary Rd. | 108 E. FM 495 | ||||
One S. Broadway | 2900 West Expressway 83 | ||||
(956) 688-3680 | (956) 630-9320 | ||||
(956) | 686-0263 | (956) 630-9365 | |||
(956) 630-9350 | 2205 W. University Dr. | Palmhurst | |||
7124 N. 23rd. | |||||
South Padre Island | |||||
(956) 630-9340 | 215 E. Mile 3 Rd. | ||||
(956) | 630-9310 | ||||
911 Padre Blvd. | Penitas | (956) 688-3675 | |||
301 S. 10th St. | |||||
(956) 761-6156 | |||||
1705 Expressway 83 | |||||
(956) | 688-3610 | ||||
(956) 688-8636 | |||||
International Bank of Commerce, Oklahoma
3817 NW Expressway, Suite 100
Oklahoma City, Ok
(405) 775-8051
Ardmore
2302 12th Ave.
(580) 223-0345
Broken Arrow6412 S. Elm Pl. (918) 497-2488
8112 Garnett Rd.
(918) 497-2840
Chickasha
628 W. Grand Ave.
(405) 841-2282
Claremore
1050 N. Lynn Riggs Blvd.
(918) 497-2464
Edmond
1812 E 15th St.
(405) 775-8061
421 S. Santa Fe Ave.
(405) 841-2130
Duncan
3903 N. Hwy 81
(580) 255-9055
Tulsa
1951 S. Yale Ave.
(918) 497-2452
4202 S. Garnett
(918) 497-2883
2250 E. 73rd St
(918) 497-2405
1 E. 5th St.
(918) 497-2462
8202 E. 71st St
(918) 497-2476
5302 E. Skelly Dr.
(918) 497-2472
Chandler
3108 E. 1st St.
(405) 258-2351
Oklahoma City
100 W. Park Ave.
(405) 841-2288
10500 S. Pennsylvania Ave
(405) 841-2266
2301 N. Portland Ave.
(405) 841-2116
12241 N. May Ave. | Sulphur | Sand Springs |
(405) 841-2341 | 2009 W. Broadway Ave. | 3402 State Hwy. 97 |
4902 N. Western Ave. | (580) 622-3118 | (918) 497-2466 |
Bethany | Stillwater | |
(405) 841-2286 | ||
14001 N. McArthur Blvd | 7723 NW 23rd St. | 1900 N. Perkins Rd. |
(405) 841-2367 | (405) 372-0889 | |
(405) 775-1710 | ||
Guthrie | Owasso | |
Lawton | ||
120 N. Division St. | 9350 N. Garnett | |
2101 W. Gore | ||
(405) 841-2304 | (918) 497-2833 | |
(520) 250-4322 | ||
Moore | Norman | |
6425 NW Cache Rd. | ||
901 SW 19th | 1461 24th Ave. | |
(520) 250-4322 | ||
(405) 775-1720 | (405) 841-4744 | |
Miami | ||
Pauls Valley | Lindsay | |
2520 N. Main | ||
700 W. Grant Ave. | 209 E. Cherokee | |
(918) 542-4411 | ||
(405) 238-7318 | (405) 756-4494 | |
Midwest City | ||
Purcell | Bixby | |
2200 S. Douglas Blvd. | ||
430 W. Lincoln St. | 11886 S. Memorial | |
(405) 775-8057 | ||
(405) 775-8094 | (918) 497-2855 | |
Sapulpa | ||
Dallas | ||
911 E. Taft St. | ||
3800 Maple Ave. Ste. 100 | ||
(918) 497-2465 | ||
(469) 357-3805 | ||
Shawnee | ||
2513 N. Harrison Ave. | ||
(405) 775-8067 |
As used in this report, the words "Company," "we," "us," and "our" refer to International Bancshares Corporation, a Texas corporation, its five wholly owned subsidiary banks ("Subsidiary Banks"), and other subsidiaries. The information that follows may contain forward-looking statements, which are qualified as indicated under "Cautionary Notice Regarding Forward-Looking Statements" in Item 7 (Management's Discussion and Analysis of Financial Condition and Results of Operations) of this report. Our website address is www.ibc.com.
INTERNATIONAL BANCSHARES CORPORATION AND SUBSIDIARIES
(Consolidated)
The following consolidated selected financial data is derived from our audited financial statements as of and for the five years ended December 31, 2022. The following consolidated financial data should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated Financial Statements and related notes in this report.
SELECTED FINANCIAL DATA
AS OF OR FOR THE YEARS ENDED DECEMBER 31, | ||||||||||||||||
2022 | 2021 | 2020 | 2019 | 2018 | ||||||||||||
STATEMENT OF CONDITION | (Dollars in Thousands, Except Per | Share Amounts) | ||||||||||||||
Assets | $ | 15,501,476 | $ | 16,046,236 | $ | 14,029,467 | $ | 12,112,894 | $ | 11,871,952 | ||||||
Investment securities available- | ||||||||||||||||
for-sale | 4,417,796 | 4,213,920 | 3,080,768 | 3,378,923 | 3,411,350 | |||||||||||
Net loans | 7,304,631 | 7,098,777 | 7,432,695 | 6,834,668 | 6,499,905 | |||||||||||
Deposits | 12,660,007 | 12,617,877 | 10,721,860 | 8,826,034 | 8,696,545 | |||||||||||
Other borrowed funds | 10,944 | 436,138 | 436,327 | 626,511 | 705,665 | |||||||||||
Junior subordinated deferrable | 134,642 | 134,642 | 134,642 | 134,642 | 160,416 | |||||||||||
interest debentures | ||||||||||||||||
Shareholders' equity | 2,044,759 | 2,308,481 | 2,177,998 | 2,118,053 | 1,939,582 | |||||||||||
INCOME STATEMENT | $ | 525,781 | $ | 398,103 | $ | 427,008 | $ | 492,401 | $ | 465,822 | ||||||
Interest income | ||||||||||||||||
Interest expense | 38,156 | 26,831 | 39,119 | 58,629 | 52,668 | |||||||||||
. . . . . . . . . . . . . .Net interest income | 487,625 | 371,272 | 387,889 | 433,772 | 413,154 | |||||||||||
Provision for probable loan losses . . | 21,651 | 7,955 | 45,379 | 18,843 | 6,112 | |||||||||||
Non-interest income | 187,134 | 222,326 | 150,579 | 154,826 | 165,042 | |||||||||||
Non-interest expense | 270,469 | 263,316 | 281,331 | 309,801 | 299,501 | |||||||||||
. . . . . . .Income before income taxes | 382,639 | 322,327 | 211,758 | 259,954 | 272,583 | |||||||||||
Income taxes | 82,407 | 68,405 | 44,439 | 54,850 | 56,652 | |||||||||||
. . . . . . . . . . . . . . . . . . . . .Net income | 300,232 | 253,922 | 167,319 | 205,104 | 215,931 | |||||||||||
Net income available to common | ||||||||||||||||
shareholders | $ | 300,232 | $ | 253,922 | $ | 167,319 | $ | 205,104 | $ | 215,931 | ||||||
Per common share: | ||||||||||||||||
Basic | $ | 4.79 | $ | 4.01 | $ | 2.63 | $ | 3.13 | $ | 3.27 | ||||||
Diluted | $ | 4.78 | $ | 4.00 | $ | 2.62 | $ | 3.12 | $ | 3.24 |
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MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management's discussion and analysis represents an explanation of significant changes in our financial position and results of our operations on a consolidated basis for the three-year period ended December 31, 2022. The following discussion should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2022, and the Selected Financial Data and Consolidated Financial Statements included elsewhere herein.
Special Cautionary Notice Regarding Forward Looking Information
Certain matters discussed in this report, excluding historical information, include forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by these sections. Although we believe such forward-looking statements are based on reasonable assumptions, no assurance can be given that every objective will be reached. The words "estimate," "expect," "intend," "believe" and "project," as well as other words or expressions of a similar meaning, are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this report. Such statements are based on current expectations, are inherently uncertain, are subject to risks and should be viewed with caution. Actual results and experience may differ materially from the forward-looking statements as a result of many factors.
Risk factors that could cause actual results to differ materially from any results that we project, forecast, estimate or budget in forward-looking statements include, among others, the following possibilities:
- Local, regional, national and international economic business conditions and the impact they may have on us, our customers, and such customers' ability to transact profitable business with us, including the ability of our borrowers to repay their loans according to their terms or a change in the value of the related collateral.
- Volatility and disruption in national and international financial markets.
- Government intervention in the U.S. financial system.
- The unavailability of funding from the FHLB, the Fed or other sources in the future could adversely impact our growth strategy, prospects and performance.
- Changes in consumer spending, borrowing and saving habits.
- Changes in interest rates and market prices, including, changes in federal regulations on the payment of interest on demand deposits.
- Changes in the capital markets we utilize, including changes in the interest rate environment that may reduce margins.
- Changes in state and/or federal laws and regulations, including, the impact of the Consumer Financial Protection Bureau ("CFPB") as a regulator of financial institutions, changes in the accounting, tax and regulatory treatment of trust preferred securities, as well as changes in banking, tax, securities, insurance, employment, environmental and immigration laws and regulations and the risk of litigation that may follow.
- Changes in U.S.-Mexico trade, including, reductions in border crossings and commerce, integration and implementation of the United States-Mexico-Canada Agreement and the possible imposition of tariffs on imported goods.
- The reduction of deposits from nonresident alien individuals due to the IRS rules requiring U.S. financial institutions to report deposit interest payments made to such individuals.
- The loss of senior management or operating personnel.
- The timing, impact and other uncertainties of the potential future acquisitions, as well as our ability to maintain our current branch network and enter new markets to capitalize on growth opportunities.
- Changes in estimates of future reserve requirements based upon periodic review thereof under relevant regulatory and accounting requirements.
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International Bancshares Corporation published this content on 03 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2023 21:17:42 UTC.