INTERNATIONAL BANCSHARES CORP IBOC
We are a registered multibank financial holding company providing a diversified range of commercial and retail banking services in our main banking and branch facilities located in north, south, central, and southeast Texas and the State of Oklahoma. We were organized and we operate as a bank holding company within the meaning of the Bank Holding Company Act of 1956 (BHCA). As a bank holding company, we may own one or more banks and may engage in activities closely related to banking. In this regard, we are subject to supervision and regulation by the Board of Governors of the Federal Reserve System (FRB). In addition, all five of our wholly owned banking subsidiaries are members of and subject to regulation by the Federal Deposit Insurance Corporation (FDIC). Our principal corporate offices are located in Laredo, Texas.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $886.3M | $866.0M | $800.2M | $525.8M | $398.1M | $427.0M | $492.4M | $465.8M | $415.1M | $387.9M |
| Interest expense | $672.4M | $656.7M | $663.5M | $487.6M | $26.8M | $39.1M | $58.6M | $52.7M | $38.9M | $43.1M |
| Pre-tax income | $520.4M | $508.7M | $523.5M | $382.6M | $322.3M | $211.8M | $260.0M | $272.6M | $221.6M | $197.0M |
| Income tax | $108.1M | $99.6M | $111.7M | $82.4M | $68.4M | $44.4M | $54.9M | $56.7M | $64.2M | $63.1M |
| Net income | $412.3M | $409.2M | $411.8M | $300.2M | $253.9M | $167.3M | $205.1M | $215.9M | $157.4M | $133.9M |
| EPS, basic | 6.63 | 6.58 | 6.63 | 4.79 | 4.01 | 2.63 | 3.13 | 3.27 | 2.38 | 2.03 |
| EPS, diluted | 6.62 | 6.57 | 6.62 | 4.78 | 4.00 | 2.62 | 3.12 | 3.24 | 2.36 | 2.02 |
| Shares, diluted (wtd. avg.) | $62.3M | $62.3M | $62.2M | $62.8M | $63.5M | $63.9M | $65.7M | $66.6M | $66.8M | $66.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $536.5M | $352.7M | $651.1M | $2.09B | $3.21B | $2.00B | $256.8M | $316.8M | $265.4M | $269.2M |
| Short-term investments | $4.98B | $5.00B | $4.83B | $4.43B | $4.22B | $3.09B | — | — | — | — |
| Property, plant and equipment | $423.0M | $428.2M | $437.1M | $431.6M | $447.1M | $479.9M | $506.6M | $506.9M | $514.5M | $527.6M |
| Goodwill | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M |
| Other intangibles | — | — | — | — | — | — | — | — | — | $25.0K |
| Total assets | $16.58B | $15.74B | $15.07B | $15.50B | $16.05B | $14.03B | $12.11B | $11.87B | $12.18B | $11.80B |
| Total liabilities | $13.32B | $12.94B | $12.62B | $13.46B | $13.74B | $11.85B | $9.99B | $9.93B | $10.35B | $10.08B |
| Retained earnings | $3.68B | $3.36B | $3.03B | $2.70B | $2.47B | $2.29B | $2.20B | $2.06B | $1.89B | $1.78B |
| Total equity | $3.25B | $2.80B | $2.45B | $2.04B | $2.31B | $2.18B | $2.12B | $1.94B | $1.84B | $1.72B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $491.1M | $473.9M | $474.4M | $387.9M | $291.7M | $305.1M | $311.6M | $229.8M | $196.8M | $203.2M |
| Stock-based compensation | $104.0K | $214.0K | $330.0K | $449.0K | $506.0K | $743.0K | $980.0K | $1.0M | $903.0K | $1.1M |
| Capital expenditure | $18.1M | $14.1M | $27.5M | $19.2M | $10.4M | $6.7M | $29.6M | $21.4M | $14.3M | $38.9M |
| Investing cash flow | -$591.7M | -$985.1M | -$1.07B | -$992.0M | -$915.9M | -$343.7M | -$318.1M | $379.4M | -$403.8M | -$137.8M |
| Financing cash flow | $284.5M | $212.7M | -$843.9M | -$517.4M | $1.84B | $1.78B | -$53.5M | -$557.8M | $203.1M | -$69.3M |
| Dividends paid | $87.1M | $82.1M | $78.2M | $75.4M | $72.8M | $69.9M | $68.7M | $49.6M | $43.6M | $39.6M |
| Buybacks | $4.6M | $963.0K | $4.6M | $52.0M | $716.0K | $48.9M | $17.8M | $19.0M | $187.0K | $8.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-045414.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |