Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: US$1.54 (vs US$1.61 in 2Q 2025) Second quarter 2026 results: EPS: US$1.54 (down from US$1.61 in 2Q 2025). Revenue: US$203.7m (flat on 2Q 2025). Net income: US$95.8m (down 4.3% from 2Q 2025). Profit margin: 47% (down from 49% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Aug 06
Dividend of US$0.73 announced Shareholders will receive a dividend of US$0.73. Ex-date: 14th August 2026 Payment date: 28th August 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 6.4% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 04
International Bancshares Corporation Announces Cash Dividend, Payable on August 28, 2026 International Bancshares Corporation announced that its board of directors approved the declaration of a $0.73 per share cash dividend for shareholders of record of common stock, $1.00 par value, as of the close of business on August 14, 2026, payable on August 28, 2026. Reported Earnings • May 11
First quarter 2026 earnings released: EPS: US$1.64 (vs US$1.56 in 1Q 2025) First quarter 2026 results: EPS: US$1.64 (up from US$1.56 in 1Q 2025). Revenue: US$205.4m (up 5.4% from 1Q 2025). Net income: US$102.2m (up 5.5% from 1Q 2025). Profit margin: 50% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Apr 22
International Bancshares Corporation, Annual General Meeting, May 18, 2026 International Bancshares Corporation, Annual General Meeting, May 18, 2026. Location: ibc annex building, located at 2416 jacaman road, texas 78041, laredo United States Reported Earnings • Feb 27
Full year 2025 earnings released: EPS: US$6.63 (vs US$6.58 in FY 2024) Full year 2025 results: EPS: US$6.63 (up from US$6.58 in FY 2024). Revenue: US$827.1m (up 3.1% from FY 2024). Net income: US$412.3m (flat on FY 2024). Profit margin: 50% (down from 51% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Declared Dividend • Feb 04
Dividend increased to US$0.73 Dividend of US$0.73 is 4.3% higher than last year. Ex-date: 13th February 2026 Payment date: 27th February 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 03
International Bancshares Corporation Announces Declaration of Cash Dividend, Payable on February 27, 2026 International Bancshares Corporation announced that its Board of Directors approved the declaration of a $0.73 per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 13, 2026, payable on Feb. 27, 2026. This is an increase of 4.3% per share from the previous cash dividend. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$1.74 (vs US$1.60 in 3Q 2024) Third quarter 2025 results: EPS: US$1.74 (up from US$1.60 in 3Q 2024). Revenue: US$216.3m (up 6.4% from 3Q 2024). Net income: US$108.4m (up 8.6% from 3Q 2024). Profit margin: 50% (up from 49% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Recent Insider Transactions • Aug 17
Director recently sold US$8.3m worth of stock On the 15th of August, Antonio Sanchez sold around 120k shares on-market at roughly US$69.26 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$15m more than they bought in the last 12 months. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$1.61 (vs US$1.56 in 2Q 2024) Second quarter 2025 results: EPS: US$1.61 (up from US$1.56 in 2Q 2024). Revenue: US$203.8m (up 2.4% from 2Q 2024). Net income: US$100.1m (up 3.3% from 2Q 2024). Profit margin: 49% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Declared Dividend • Aug 06
Dividend of US$0.70 announced Shareholders will receive a dividend of US$0.70. Ex-date: 15th August 2025 Payment date: 29th August 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 18% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Aug 02
International Bancshares Corporation Announces Cash Dividend, Payable on August 29, 2025 International Bancshares Corporation announced that its Board of Directors approved the declaration of a 70 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on August 15, 2025, payable on August 29, 2025. Reported Earnings • May 06
First quarter 2025 earnings released: EPS: US$1.56 (vs US$1.57 in 1Q 2024) First quarter 2025 results: EPS: US$1.56 (down from US$1.57 in 1Q 2024). Revenue: US$194.9m (up 1.0% from 1Q 2024). Net income: US$96.9m (flat on 1Q 2024). Profit margin: 50% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 15% per year. Tillkännagivande • Apr 22
International Bancshares Corporation, Annual General Meeting, May 19, 2025 International Bancshares Corporation, Annual General Meeting, May 19, 2025. Location: located at 2416, jacaman road, texas 78041, laredo, United States Tillkännagivande • Mar 14
International Bancshares Corporation (NasdaqGS:IBOC) announces an Equity Buyback for $150 million worth of its shares. International Bancshares Corporation (NasdaqGS:IBOC) announces a share repurchase program. Under the program, the company will repurchase up to $150 million worth of its shares. This program will be valid until March 15, 2026. Reported Earnings • Feb 28
Full year 2024 earnings released: EPS: US$6.58 (vs US$6.63 in FY 2023) Full year 2024 results: EPS: US$6.58 (down from US$6.63 in FY 2023). Revenue: US$801.8m (flat on FY 2023). Net income: US$409.2m (flat on FY 2023). Profit margin: 51% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Board Change • Feb 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Director Diana Zuniga was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Declared Dividend • Feb 05
Dividend increased to US$0.70 Dividend of US$0.70 is 6.1% higher than last year. Ex-date: 14th February 2025 Payment date: 28th February 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 04
International Bancshares Corporation Announces 6% Increase in Cash Dividend, Payable on February 28, 2025 International Bancshares Corporation announced that on Jan. 31, 2025, IBC’s Board of Directors approved the declaration of a 0.70 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 14, 2025, payable on Feb. 28, 2025. This is an increase of 6% per share from the previous cash dividend. Recent Insider Transactions • Nov 17
Chairman of the Board & President recently sold US$7.2m worth of stock On the 13th of November, Dennis Nixon sold around 100k shares on-market at roughly US$71.72 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dennis' only on-market trade for the last 12 months. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$1.60 (vs US$1.65 in 3Q 2023) Third quarter 2024 results: EPS: US$1.60 (down from US$1.65 in 3Q 2023). Revenue: US$203.2m (flat on 3Q 2023). Net income: US$99.8m (down 3.4% from 3Q 2023). Profit margin: 49% (down from 51% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 05
First half dividend of US$0.66 announced Shareholders will receive a dividend of US$0.66. Ex-date: 14th August 2024 Payment date: 28th August 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$1.56 (vs US$1.62 in 2Q 2023) Second quarter 2024 results: EPS: US$1.56 (down from US$1.62 in 2Q 2023). Revenue: US$199.0m (up 1.9% from 2Q 2023). Net income: US$97.0m (down 3.5% from 2Q 2023). Profit margin: 49% (down from 51% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 02
International Bancshares Corporation Announces Cash Dividend, Payable on Aug. 28, 2024 International Bancshares Corporation announced that on July 31, 2024, IBC’s Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Aug. 14, 2024, payable on Aug. 28, 2024. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$65.41, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 11x in the Banks industry in the US. Total returns to shareholders of 83% over the past three years. Recent Insider Transactions • May 26
Director recently sold US$4.7m worth of stock On the 22nd of May, Antonio Sanchez sold around 80k shares on-market at roughly US$58.90 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$15m more than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$1.57 (vs US$1.64 in 1Q 2023) First quarter 2024 results: EPS: US$1.57. Revenue: US$385.7m (up 96% from 1Q 2023). Net income: US$194.7m (up 92% from 1Q 2023). Profit margin: 51% (down from 52% in 1Q 2023). The decrease in margin was driven by higher expenses. Tillkännagivande • Apr 23
International Bancshares Corporation, Annual General Meeting, May 20, 2024 International Bancshares Corporation, Annual General Meeting, May 20, 2024, at 17:00 Central Daylight. Location: IBC Annex Building, located at 2416 Jacaman Road, Laredo Texas United States Agenda: To elect eight (8) directors to serve until the next Annual Meeting of Shareholders and until their successors are duly elected and qualified; to ratify the appointment of RSM US LLP as the Company’s independent auditor for the fiscal year ending December 31, 2024; to consider and approve a non-binding advisory resolution to approve the compensation of the Company’s named executive officers as described in the Compensation Discussion and Analysis and the tabular disclosures in the accompanying Proxy Statement; and to transact such other business as may lawfully come before the meeting or any adjournment thereof. Recent Insider Transactions • Mar 15
Director recently sold US$2.2m worth of stock On the 11th of March, Antonio Sanchez sold around 40k shares on-market at roughly US$54.22 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$10m more than they bought in the last 12 months. Tillkännagivande • Mar 05
IBC Bank-Oklahoma Announces the Promotion of Kyle Mcelvaney as President and CEO The IBC Bank-Oklahoma board of directors announced the promotion of Kyle McElvaney as president and CEO of IBC Bank for the state of Oklahoma. The Oklahoma Charter includes a branch in Dallas, Texas. McElvaney previously served as president of IBC Bank in Oklahoma City. With over 22 years of experience in community banking, McElvaney brings great value to the Oklahoma business community. The Oklahoma City native has spent his entire career with IBC Bank. McElvaney was named president of IBC Bank-Oklahoma City in January 2017, previously serving as executive vice president of IBC Bank’s Oklahoma market. In his previous role, he oversaw the daily operations of the commercial banking department in Oklahoma City. His expertise in commercial and energy lending strengthens IBC Bank's market presence. Aligned with IBC Bank's cornerstone of “Doing More” for the communities it serves, McElvaney is very active in various organizations throughout his hometown. He serves as board chair of the Ronald McDonald House Charities-OKC and is an active member of the Greater Oklahoma City Chamber of Commerce. Additionally, Kyle is an executive council member of the Oklahoma Sports Hall of Fame. He also serves as a volunteer for United Way and several other local organizations. Beyond these roles, Kyle is a passionate advocate for education and healthy living. McElvaney holds a bachelor's degree in finance from the University of Oklahoma. Reported Earnings • Feb 27
Full year 2023 earnings released: EPS: US$6.63 (vs US$4.79 in FY 2022) Full year 2023 results: EPS: US$6.63 (up from US$4.79 in FY 2022). Revenue: US$798.9m (up 22% from FY 2022). Net income: US$411.8m (up 37% from FY 2022). Profit margin: 52% (up from 46% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.66 per share at 2.4% yield Eligible shareholders must have bought the stock before 14 February 2024. Payment date: 28 February 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.3%). Declared Dividend • Feb 04
Dividend increased to US$0.66 Dividend of US$0.66 is 4.8% higher than last year. Ex-date: 14th February 2024 Payment date: 28th February 2024 Dividend yield will be 2.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Tillkännagivande • Feb 01
International Bancshares Corporation Approves the Semi-Annual Declaration of Cash Dividend, Payable on February 28, 2024 International Bancshares Corporation announced that on January 31, 2024, IBC's Board of Directors approved the declaration of a 0.66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on February 15, 2024, payable on February 28, 2024. Recent Insider Transactions • Dec 13
Director recently sold US$2.4m worth of stock On the 8th of December, Antonio Sanchez sold around 50k shares on-market at roughly US$48.96 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.8m. Insiders have been net sellers, collectively disposing of US$8.0m more than they bought in the last 12 months. Recent Insider Transactions • Dec 01
Director recently sold US$2.7m worth of stock On the 28th of November, Antonio Sanchez sold around 60k shares on-market at roughly US$44.75 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.8m. Insiders have been net sellers, collectively disposing of US$5.5m more than they bought in the last 12 months. Recent Insider Transactions • Nov 19
Director recently sold US$2.8m worth of stock On the 16th of November, Antonio Sanchez sold around 60k shares on-market at roughly US$47.20 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.8m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.65 (vs US$1.34 in 3Q 2022) Third quarter 2023 results: EPS: US$1.65 (up from US$1.34 in 3Q 2022). Revenue: US$202.2m (up 12% from 3Q 2022). Net income: US$103.3m (up 24% from 3Q 2022). Profit margin: 51% (up from 46% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$1.62 (vs US$0.92 in 2Q 2022) Second quarter 2023 results: EPS: US$1.62 (up from US$0.92 in 2Q 2022). Revenue: US$195.3m (up 37% from 2Q 2022). Net income: US$100.5m (up 73% from 2Q 2022). Profit margin: 51% (up from 41% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.63 per share at 2.6% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 25 August 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.4%). Tillkännagivande • Jul 28
International Bancshares Corporation Approves Declaration of Cash Dividend, Payable on August 25, 2023 International Bancshares Corporation announced that on July 25, 2023, the company’s Board of Directors approved the declaration of a 0.63 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on August 11, 2023, payable on August 25, 2023. Reported Earnings • May 06
First quarter 2023 earnings released: EPS: US$1.64 (vs US$0.84 in 1Q 2022) First quarter 2023 results: EPS: US$1.64 (up from US$0.84 in 1Q 2022). Revenue: US$197.0m (up 49% from 1Q 2022). Net income: US$101.6m (up 90% from 1Q 2022). Profit margin: 52% (up from 41% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Board Change • Mar 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Director Diana Zuniga was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Mar 10
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 6.3%. The fair value is estimated to be US$59.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.8% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: US$4.79 (vs US$4.01 in FY 2021) Full year 2022 results: EPS: US$4.79 (up from US$4.01 in FY 2021). Revenue: US$653.1m (up 12% from FY 2021). Net income: US$300.2m (up 18% from FY 2021). Profit margin: 46% (up from 43% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.36% (up from 2.74% in FY 2021). Non-performing loans: 0.70% (up from 0.03% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.63 per share at 2.5% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.9%). Tillkännagivande • Feb 02
International Bancshares Corporation Approves Declaration of Cash Dividend, Payable on February 28, 2023 International Bancshares Corporation (IBC) announced that on January 31, 2023, the company’s Board of Directors approved the declaration of a 0.63 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on February 15, 2023, payable on February 28, 2023. This dividend represents a 5%, or 0.03 cents per share, increase above IBC’s previous dividend paid on August 29, 2022. Buying Opportunity • Jan 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be US$55.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Buying Opportunity • Nov 28
Now 21% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be US$65.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Buying Opportunity • Nov 12
Now 22% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be US$65.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$1.34 (vs US$0.86 in 3Q 2021) Third quarter 2022 results: EPS: US$1.34 (up from US$0.86 in 3Q 2021). Revenue: US$181.3m (up 31% from 3Q 2021). Net income: US$83.4m (up 53% from 3Q 2021). Profit margin: 46% (up from 39% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.92 (vs US$1.45 in 2Q 2021) Second quarter 2022 results: EPS: US$0.92 (down from US$1.45 in 2Q 2021). Revenue: US$142.4m (down 24% from 2Q 2021). Net income: US$58.0m (down 37% from 2Q 2021). Profit margin: 41% (down from 49% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year and the company’s share price has also increased by 10% per year. Reported Earnings • May 06
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: US$0.84 (up from US$0.80 in 1Q 2021). Revenue: US$132.1m (up 4.8% from 1Q 2021). Net income: US$53.5m (up 5.4% from 1Q 2021). Profit margin: 41% (in line with 1Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Mar 29
High number of new directors Director Diana Zuniga was the last director to join the board, commencing their role in 2022. Board Change • Feb 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. Independent Director Rudolph Miles was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 26
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: US$4.01 (up from US$2.63 in FY 2020). Revenue: US$585.6m (up 19% from FY 2020). Net income: US$253.9m (up 52% from FY 2020). Profit margin: 43% (up from 34% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 5.1%. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.86 (vs US$0.68 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$138.9m (up 13% from 3Q 2020). Net income: US$54.6m (up 28% from 3Q 2020). Profit margin: 39% (up from 35% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$1.45 (vs US$0.66 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$188.1m (up 49% from 2Q 2020). Net income: US$92.0m (up 122% from 2Q 2020). Profit margin: 49% (up from 33% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Executive Departure • May 26
Independent Director has left the company On the 17th of May, Irving Greenblum's tenure as Independent Director ended after 40.4 years in the role. As of March 2021, Irving personally held 555.90k shares (US$15m worth at the time). Irving is the only executive to leave the company over the last 12 months. Reported Earnings • May 08
First quarter 2021 earnings released: EPS US$0.80 (vs US$0.54 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$126.1m (up 4.1% from 1Q 2020). Net income: US$50.8m (up 46% from 1Q 2020). Profit margin: 40% (up from 29% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$2.63 (vs US$3.13 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$493.1m (down 14% from FY 2019). Net income: US$167.3m (down 18% from FY 2019). Profit margin: 34% (down from 36% in FY 2019). The decrease in margin was driven by lower revenue. Net interest margin (NIM): 3.38% (down from 4.15% in FY 2019). Non-performing loans: 0.26% (up from 0.07% in FY 2019). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year. Is New 90 Day High Low • Feb 23
New 90-day high: US$43.53 The company is up 24% from its price of US$35.09 on 24 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 27% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: US$40.56 The company is up 39% from its price of US$29.11 on 08 October 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 26% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: US$35.99 The company is up 22% from its price of US$29.43 on 16 September 2020. The American market is up 12% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Banks industry, which is up 23% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS US$0.68 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$123.2m (down 16% from 3Q 2019). Net income: US$42.7m (down 17% from 3Q 2019). Profit margin: 35% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Sep 22
New 90-day low: US$26.69 The company is down 8.0% from its price of US$29.16 on 24 June 2020. The American market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 3.0% over the same period.