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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 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 674.76 | 833.44 | 833.64 | 842.17 |
| Selling General And Administration | - | 139.30 | 145.74 | 159.10 | 165.80 |
| Interest Income | - | 525.78 | 800.16 | 865.98 | 886.27 |
| Interest Expense | - | 38.16 | 136.66 | 209.26 | 213.85 |
| Net Interest Income | - | 487.62 | 663.50 | 656.72 | 672.42 |
| Pretax Income | - | 382.64 | 523.51 | 508.72 | 520.36 |
| Tax Provision | - | 82.41 | 111.74 | 99.55 | 108.07 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income From Continuing And Discontinued Operation | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income From Continuing Operation Net Minority Interest | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income Common Stockholders | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Net Income Including Noncontrolling Interests | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Normalized Income | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Diluted NI Availto Com Stockholders | - | 300.23 | 411.77 | 409.17 | 412.29 |
| Basic Average Shares | - | 62.66 | 62.08 | 62.18 | 62.17 |
| Diluted Average Shares | - | 62.81 | 62.22 | 62.30 | 62.26 |
| Reconciled Depreciation | - | 21.82 | 21.94 | 22.52 | 23.35 |
| 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 |
| General And Administrative Expense | - | 134.71 | 140.73 | 152.81 | 160.49 |
| Other Gand A | 17.79 | - | - | - | - |
| Salaries And Wages | - | 127.72 | 134.44 | 145.94 | 153.34 |
| Insurance And Claims | - | 6.99 | 6.28 | 6.86 | 7.15 |
| Selling And Marketing Expense | - | 4.59 | 5.01 | 6.29 | 5.31 |
| Occupancy And Equipment | - | 40.92 | 45.88 | 48.10 | 52.32 |
| Depreciation Income Statement | - | 21.82 | 21.94 | 22.52 | 23.35 |
| 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 | $4.5B | 11.00↓ discount | 1.39 | 12.7% | - |
| Selective Insurance Group, Inc. | SIGI | $5.1B | 11.04 | 1.51 | 13.7% | - |
| Nelnet, Inc. | NNI | $4.7B | 11.06 | 1.26 | 11.4% | - |
| First Financial Bankshares, Inc. | FFIN | $4.6B | 18.28 | 2.42 | 13.2% | - |
| Texas Capital Bancshares, Inc. |
| 2021 |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| TCBI |
| $4.5B |
| 13.53 |
| 1.34 |
| 9.9% |
| - |
| CNO Financial Group, Inc. | CNO | $4.4B | 19.18 | 1.67 | 8.7% | - |
| Eastern Bankshares, Inc. | EBC | $4.3B | 48.96 | 1.00 | 2.0% | - |
| PennyMac Financial Services, Inc. | PFSI | $4.2B | 8.45 | 0.98 | 11.6% | 43.48 |
| Lemonade, Inc. | LMND | $4.0B | - | 7.42 | -31.0% | - |
| Peer Median | - | 13.53 | 1.43 | 10.7% | 43.48 | |