OTC · Financial Statements

IBW Financial Corporation (IBWC) Financial Statements

$52.80 OTC: IBWC Market Cap $34.10M

IBW Financial Corporation most recently reported annual revenue of $41.0M, net profit of $0. Revenue grew at an average annual rate of 1.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

IBW Financial Corporation: Revenue rose from $24.0M in 2001 to $41.0M in 2025, a change of +70.8% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 81.2% to 1.4%, a shift of -79.8 percentage points; the most recent year shows net profit of $0.

Income Statement — 10 Years (USD millions)

Metric	2001	2002	2003	2019	2020	2021	2022	2023	2024	2025
Revenue	$24.0M	$23.0M	$22.0M	$25.0M	$38.0M	$31.0M	$29.0M	$33.0M	$33.0M	$41.0M
Operating Expenses	$5.0M	$5.0M	$5.0M	$19.0M	$27.0M	$27.0M	$27.0M	$29.0M	$29.0M	$41.0M
Operating Profit	$20.0M	$18.0M	$18.0M	$6.0M	$11.0M	$4.0M	$2.0M	$4.0M	$4.0M	$1.0M
Operating Margin	81.2%	77.4%	79.1%	23.9%	28.5%	11.4%	6.1%	11.4%	11.7%	1.4%
Other Income	$0	$0	$0	$0	$-3.0M	$0	$0	$-4.0M	$-1.0M	$0
Interest	$2.0M	$0	$0	$2.0M	$2.0M	$1.0M	$0	$4.0M	$9.0M	$9.0M
Depreciation	$0	$0	$0	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Profit Before Tax	$4.0M	$2.0M	$2.0M	$6.0M	$8.0M	$4.0M	$2.0M	$4.0M	$2.0M	$1.0M
Tax	$27.6M	$13.7M	$8.0M	$28.3M	$26.9M	$28.0M	$22.1M	$28.0M	$23.7M	$28.1M
Net Profit	$3.0M	$2.0M	$2.0M	$4.0M	$6.0M	$3.0M	$1.0M	$3.0M	$2.0M	$0
EPS	$4.22	$3.06	$3.05	$6.71	$9.46	$4.04	$1.95	$4.01	$1.44	$-2.06
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Over the 10 years reported for IBW Financial Corporation, borrowings increased from $53.0M in 2001 to $57.0M in 2025, cash stood at $4.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 0.13 times.

Balance Sheet — 10 Years (USD millions)

Metric	2001	2002	2003	2019	2020	2021	2022	2023	2024	2025
Total Assets	$295.0M	$295.0M	$303.0M	$531.0M	$560.0M	$625.0M	$742.0M	$747.0M	$781.0M	$799.0M
Current Assets	$28.0M	$18.0M	$12.0M	$71.0M	$93.0M	$70.0M	$77.0M	$53.0M	$72.0M	$7.0M
Cash	$-11.0M	$-9.0M	$-9.0M	$71.0M	$90.0M	$67.0M	$74.0M	$53.0M	$66.0M	$4.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0	$0	$0	$0	$3.0M	$3.0M
Fixed Assets	$2.0M	$3.0M	$3.0M	$9.0M	$13.0M	$19.0M	$21.0M	$23.0M	$22.0M	$22.0M
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$1.0M	$1.0M	$1.0M	$90.0M	$90.0M	$67.0M	$73.0M	$366.0M	$268.0M	$750.0M
Other Assets	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$272.0M	$269.0M	$276.0M	$0	$512.0M	$562.0M	$619.0M	$619.0M	$652.0M	$665.0M
Current Liabilities	$197.0M	$207.0M	$213.0M	$0	$161.0M	$176.0M	$204.0M	$197.0M	$293.0M	$56.0M
Borrowings	$53.0M	$29.0M	$32.0M	$0	$8.0M	$11.0M	$8.0M	$31.0M	$5.0M	$57.0M
Other Liabilities	$219.0M	$240.0M	$244.0M	$0	$503.0M	$550.0M	$611.0M	$588.0M	$647.0M	$608.0M
Equity	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M	$1.0M
Reserves	$23.0M	$26.0M	$26.0M	$40.0M	$48.0M	$64.0M	$123.0M	$129.0M	$130.0M	$135.0M

For IBW Financial Corporation, operating cash flow was positive in 8 of 10 reported years; free cash flow in the latest year was $2.0M; free cash flow was positive in 7 of 10 years; financing activities used $38.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric	2001	2002	2003	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$3.0M	$3.0M	$3.0M	$4.0M	$-2.0M	$0	$3.0M	$9.0M	$6.0M	$3.0M
Investing Cash Flow	$-6.0M	$-11.0M	$14.0M	$68.0M	$-5.0M	$-95.0M	$-139.0M	$-32.0M	$-26.0M	$-36.0M
Financing Cash Flow	$25.0M	$-4.0M	$8.0M	$18.0M	$23.0M	$45.0M	$61.0M	$-26.0M	$58.0M	$-38.0M
Net Cash Flow	$17.0M	$-10.0M	$-6.0M	$48.0M	$19.0M	$-22.0M	$7.0M	$-21.0M	$13.0M	$-20.0M
Free Cash Flow	$3.0M	$2.0M	$2.0M	$3.0M	$-3.0M	$-5.0M	$-1.0M	$5.0M	$5.0M	$2.0M

IBW Financial Corporation (IBWC) financials — frequently asked questions

What is IBW Financial Corporation's annual revenue?

IBW Financial Corporation (IBWC) reported annual revenue of $41.0M in its most recent fiscal year.

What is IBW Financial Corporation's net profit?

IBW Financial Corporation (IBWC) reported net profit of $0 in its most recent fiscal year.

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