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International Bancshares Corporation, a multibank financial holding company, engages in the provision of commercial and retail banking services in Texas and the State of Oklahoma. The company accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. It also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services. In addition, it offers other banking related services, such as credit cards, safety deposit boxes, collections, escrow, drive up and walk up facilities, and other customary banking services; and internet and mobile banking services, as well as securities products through third party providers. The company offers its banking services through ATM network and retail locations in shopping malls and other places. International Bancshares Corporation was founded in 1966 and is headquartered in Laredo, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $842M | - | $412M | $473M | 12.7% | 1.0% | 0.8% |
| 2024 | $834M | - | $409M | $460M | 14.6% | 0.0% | -0.6% |
| 2023 | $833M | - | $412M | $447M | 16.8% | 23.5% | 37.1% |
| 2022 | $675M | - | $300M | $369M | 14.7% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 674.76 | 833.44 | 833.64 | 842.17 |
| Pretax Income | 382.64 | 523.51 | 508.72 | 520.36 |
| Tax Provision | 82.41 | 111.74 | 99.55 | 108.07 |
| Net Income | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income Common Stockholders | 300.23 | 411.77 | 409.17 | 412.29 |
| Interest Expense | 38.16 | 136.66 | 209.26 | 213.85 |
| Interest Income | 525.78 | 800.16 | 865.98 | 886.27 |
| Selling General And Administration | 139.30 | 145.74 | 159.10 | 165.80 |
| Normalized Income | 300.23 | 411.77 | 409.17 | 412.29 |
| Basic EPS | 4.79 | 6.63 | 6.58 | 6.63 |
| Diluted EPS | 4.78 | 6.62 | 6.57 | 6.62 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.22 | 0.21 | 0.20 | 0.21 |
| Net Income From Continuing Operation Net Minority Interest | 300.23 | 411.77 | 409.17 | 412.29 |
| Reconciled Depreciation | 21.82 | 21.94 | 22.52 | 23.35 |
| Net Interest Income | 487.62 | 663.50 | 656.72 | 672.42 |
| Net Income From Continuing And Discontinued Operation | 300.23 | 411.77 | 409.17 | 412.29 |
| Diluted Average Shares | 62.81 | 62.22 | 62.30 | 62.26 |
| Basic Average Shares | 62.66 | 62.08 | 62.18 | 62.17 |
| Diluted NI Availto Com Stockholders | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income Including Noncontrolling Interests | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income Continuous Operations | 300.23 | 411.77 | 409.17 | 412.29 |
| Gain On Sale Of Security | 17.54 | 9.60 | 13.13 | 6.91 |
| Depreciation Amortization Depletion Income Statement | 21.82 | 21.94 | 22.52 | 23.35 |
| Depreciation And Amortization In Income Statement | 21.82 | 21.94 | 22.52 | 23.35 |
| Depreciation Income Statement | 21.82 | 21.94 | 22.52 | 23.35 |
| Selling And Marketing Expense | 4.59 | 5.01 | 6.29 | 5.31 |
| General And Administrative Expense | 134.71 | 140.73 | 152.81 | 160.49 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 6.99 | 6.29 | 6.87 | 7.15 |
| Salaries And Wages | 127.72 | 134.44 | 145.94 | 153.34 |
| Operating Revenue | 674.76 | 833.44 | 833.64 | 842.17 |
| Occupancy And Equipment | 40.92 | 45.88 | 48.10 | 52.32 |
| Professional Expense And Contract Services Expense | 11.29 | 14 | 15.73 | 13.58 |
| Other Non Interest Expense | 57.13 | 47.80 | 47.67 | 51.67 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| International Bancshares Corporationthis co. | IBOC | $4.4B | 10.75↓ discount | 1.36 | 12.7% | - |
| PennyMac Financial Services, Inc. | PFSI | $4.6B | 9.59 | 1.08 | 11.6% | - |
| First Financial Bankshares, Inc. | FFIN | $4.6B | 17.30 | 2.36 | 13.2% | - |
| Miami International Holdings, Inc. | MIAX | $4.5B | - | 4.63 | -7.9% | 28.06 |
| Texas Capital Bancshares, Inc. |
| TCBI |
| $4.3B |
| 13.26 |
| 1.31 |
| 9.1% |
| - |
| Lemonade, Inc. | LMND | $4.3B | - | 7.97 | -31.0% | -33.42 |
| Eastern Bankshares, Inc. | EBC | $4.3B | 10.99 | 1.03 | 2.0% | - |
| CNO Financial Group, Inc. | CNO | $4.2B | 19.42 | 1.60 | 8.7% | 7.53 |
| Marex Group plc | MRX | $3.9B | 13.89 | 3.30 | 24.3% | - |
| Peer Median | - | 13.58 | 1.98 | 8.9% | 7.53 | |