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International Bancshares Corporation

IBOC Financial Banks Regional

International Bancshares Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 1.26% from fiscal 2024.

Revenue
+2.82%
EPS
+5.75%
Free cash flow
+9.70%
Total debt
+25.0%

Quarter to September 2026, against a year earlier

68.03 0.99 −1.43%
Market cap
$4.3B
P/E
10.1×
Fwd P/E
10.5×
Dividend yield
2.15%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 0.72
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 13.06%

Capital & Financial Ratios $m

Size
Market Cap 4,250.00
Revenue ttm 1,071.99
Net income ttm 419.36
Free cash flow ttm 463.76
Net debt Q (609.99)
Valuation
P/E 10.09
Forward P/E 10.50
Price / sales 3.95
Forward P/S Powerpack
Price / FCF 9.12
Price / book 1.27
Financial health
Current ratio Q 0.00
Debt / equity Q 0.04
Interest coverage Q —
Growth
Revenue growth Q +2.82% (above 0%: growing)
Operating income growth Q +5.96% (above 0%: growing)
EPS, this year −3.47% (below 0%: weak)
EPS, next year A +5.63%
Revenue, next year A +5.25%
EPS, past 5 yrs +20.37% (at or above 15%: strong)
EPS, next 5 yrs A +3.08%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 26.77%
10-year low 10-year high
P/S against its own 10 years 41.99%
10-year low 10-year high
P/B against its own 10 years 38.06%
10-year low 10-year high

Dividends raised every year since 2018

Yield
2.15%
Annual rate
1.46
Payout ratio
21.7%
Growth, 2018–26
+8.68%/yr
  1. 0.75 ’18
  2. 1.05 ’19 +40
  3. 1.10 ’20 +5
  4. 1.15 ’21 +5
  5. 1.20 ’22 +4
  6. 1.26 ’23 +5
  7. 1.32 ’24 +5
  8. 1.40 ’25 +6
  9. 1.46 ’26 +4
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 651 353 536 759
Receivables — — — —
Inventory — — — —
Other — — — —
8,618 9,078 9,910 —
2023 2024 2025 Q'26
Payables 11,825 12,112 12,437 12,884
ST’ Debt — — — —
Other — — — —
12,355 12,647 13,022 13,540

Compound Annual Growth %

10y 5y 3y
Sales 6.69% 12.83% 13.99%
Cash Flow 9.20% 9.98% 8.17%
Earnings 11.67% 19.77% 11.15%
Book Value 6.92% 8.35% 16.72%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY13 Estimate 0.39 Actual 0.41

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY12 0.33 0.33 Met by 0.00
Q4 FY12 0.35 0.32 Miss by 0.03
Q1 FY13 0.37 0.42 Beat by 0.05
Q2 FY13 0.39 0.41 Beat by 0.02

EPS $

Mar Jun Sep Dec Year
’26 1.64 1.54 1.84 — —
’25 1.56 1.61 1.74 1.71 6.62
’24 1.56 1.56 1.60 1.85 6.57
’23 1.63 1.62 1.66 1.71 6.62
’22 0.84 0.92 1.34 1.69 4.78
’21 0.80 1.45 0.86 0.89 4.00
’20 0.53 0.65 0.68 0.76 2.62
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 257 264 280 — —
’25 252 262 273 270 1,056
’24 254 259 266 263 1,043
’23 229 236 250 256 970
’22 140 153 200 220 713
’21 134 196 148 142 620
’20 152 147 140 138 578
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 121 94 127 — —
’25 140 95 115 140 491
’24 135 107 116 115 474
’23 143 85 114 133 474
’22 79 88 121 99 388
’21 96 70 58 67 292
’20 57 80 78 90 305
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 116 89 123 — —
’25 133 92 112 136 473
’24 129 105 110 117 461
’23 138 80 105 124 447
’22 83 86 119 94 382
’21 94 69 57 73 293
’20 54 78 77 90 299
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 550 566 631 647 578 620 713 970 1,043 1,056 1,072 +7.5% — — — —
Gross margin, % 92.15 93.12 91.65 90.94 93.23 95.68 94.65 85.91 79.93 79.75 81.15 (12.4) pt
EBT 197 222 273 260 212 322 383 524 509 520 532 +11.4%
EBT margin, % 35.84 39.19 43.21 40.16 36.66 51.95 53.67 53.96 48.78 49.28 49.62 +13.4 pt
Net income 134 157 216 205 167 254 300 412 409 412 419 +13.3%
Per share, $
Per share, $ Revenue 8.33 8.56 9.54 9.88 9.06 9.79 11.38 15.63 16.77 16.99 17.24 +8.2%
Earnings 2.03 2.38 3.27 3.13 2.63 4.01 4.79 6.63 6.58 6.63 6.74 +14.1%
Cash flow 3.08 2.98 3.48 4.76 4.79 4.60 6.19 7.64 7.62 7.90 7.74 +11.0%
Capex (0.53) (0.18) (0.26) (0.42) (0.09) 0.02 (0.09) (0.44) (0.21) (0.29) (0.29) (6.5%)
Free cash flow 2.55 2.80 3.22 4.33 4.70 4.62 6.10 7.20 7.41 7.61 7.46 +12.9%
Book value 26.14 27.84 29.34 32.35 34.18 36.44 32.63 39.43 44.98 52.30 53.70 +8.0%
Shares, m 66 66 66 65 64 63 63 62 62 62 62 (0.7%)
Valuation, ×
Valuation, × P/E 20.14 16.67 10.52 13.76 14.13 10.59 9.43 8.13 9.60 10.02 10.09 12.3
P/S 4.90 4.60 3.60 4.36 4.13 4.33 3.97 3.45 3.77 3.91 3.95 4.1
P/B 1.56 1.41 1.17 1.33 1.10 1.16 1.38 1.37 1.40 1.27 1.27 1.3
EV/Sales 6.03 6.52 4.48 5.14 1.66 0.08 1.24 2.90 3.54 3.52 — 3.5
EV/FCF 19.73 19.97 13.26 11.71 3.21 0.16 2.32 6.30 8.02 7.85 — 9.3
Cash, $m
Cash, $m Operating cash flow 203 197 230 312 305 292 388 474 474 491 482 +10.3%
Capex (35) (12) (17) (28) (6) 1 (6) (27) (13) (18) (18) (7.1%)
Free cash flow 168 185 213 284 299 293 382 447 461 473 464 +12.2%
Balance, $m
Balance, $m Working capital (2,914) (2,318) (2,073) (1,934) (1,682) (2,719) (3,653) (3,737) (3,569) (3,112) (13,540) +0.7%
Net debt 625 1,090 549 504 (1,426) (2,638) (1,942) (531) (233) (417) (610) n/m
Shareholders’ equity 1,725 1,839 1,940 2,118 2,178 2,308 2,045 2,448 2,797 3,252 3,339 +7.3%
Returns, %
Returns, % ROA 1.14 1.31 1.80 1.71 1.28 1.69 1.90 2.69 2.66 2.55 2.48 +1.4 pt
ROIC 5.25 4.73 6.85 6.20 17.61 0.00 233.04 17.07 12.40 11.47 12.18 +6.2 pt
ROE 7.90 8.84 11.43 10.11 7.79 11.32 13.79 18.33 15.60 13.63 12.97 +5.7 pt
People
People Employees 3,216 3,273 3,390 3,314 2,456 2,261 2,169 2,200 2,336 2,319 — (3.6%)
Revenue/emp, $m 0.17 0.17 0.19 0.20 0.24 0.27 0.33 0.44 0.45 0.46 — +11.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

International Bancshares Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
UCB United Community Banks, Inc. $4.4B 31.1× 28.2× −74.97% (below 0%: shrinking) n/m +43.32% (above 0%: growing) (12.04%) 0.00% Compare
FFIN First Financial Bankshares, Inc. $4.4B 15.1× 15.0× +5.01% (above 0%: growing) +40.54% (above 0%: growing) +10.90% (above 0%: growing) 77.51% 0.00% Compare
IBOC International Bancshares Corporation $4.3B 10.1× 10.5× +2.82% (above 0%: growing) +5.75% (above 0%: growing) +9.70% (above 0%: growing) 81.66% 0.00%
FLG Flagstar Bank, National Association $4.3B 70.7× 91.9× −9.46% (below 0%: shrinking) n/m −42.53% (below 0%: shrinking) 48.98% 0.00% Compare
CATY Cathay General Bancorp $4.2B 11.8× 11.5× +9.21% (above 0%: growing) +26.55% (above 0%: growing) +272.48% (above 0%: growing) 65.64% 0.00% Compare
CVBF CVB Financial Corporation $4.0B 15.2× 14.0× +45.38% (above 0%: growing) +15.79% (above 0%: growing) +641.25% (above 0%: growing) 82.47% 0.00% Compare
WSFS WSFS Financial Corporation $4.0B 12.4× 11.7× +2.90% (above 0%: growing) +27.74% (above 0%: growing) +35.81% (above 0%: growing) 81.03% 0.00% Compare
GGAL Grupo Financiero Galicia S.A. $4.0B 15.2× — −91.05% (below 0%: shrinking) −72.04% (below 0%: shrinking) −347.48% (below 0%: shrinking) 100.00% 0.00% Compare
INDB Independent Bank Corp. $4.0B 12.5× 11.5× +3.14% (above 0%: growing) +175.36% (above 0%: growing) −34.59% (below 0%: shrinking) 75.78% 0.00% Compare
Median of peers $4.1B 15.2× 14.0× +3.02% +27.14% +23.35% 76.65% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 20 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.50m 2.50m 201.68
2024 2.42m 2.42m 169.92
2023 2.40m 2.40m 183.56
2022 2.40m 2.40m 150.50
2021 2.88m 2.88m 135.66

Ownership

Directors and executive officers, together 13.09%
BlackRock, Inc. 10.79%
A. R. Sanchez Jr. 9.05%
American Century Investment Management Inc. 5.14%
Dimensional Fund Advisors LP 5.11%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

International Bancshares Corporation (IBOC) Latest News

18 Oct

Impact 3 · · Simply Wall St.

6 Oct

Impact 4 · · Business Wire

6 Aug

Impact 3 ·

7 May

Impact 4 · · Business Wire

26 Feb

Impact 4 · · Business Wire
Impact 3 · · Associated Press Finance

8 Feb

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

5 Feb

Impact 4 · · Simply Wall St.

2 Feb

Impact 4 · · Business Wire

5 Dec

Impact 3 ·

8 Nov

Impact 4 · · Simply Wall St.MT NewswiresSimply Wall St.Associated Press FinanceSimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

6 Nov

Impact 4 · · Associated Press Finance
Impact 4 ·

4 Oct

Impact 3 · · Simply Wall St.

10 Aug

Impact 4 ·

7 Aug

Impact 4 ·
Impact 4 ·

1 Aug

Impact 3 · · Business Wire

21 Jun

Impact 3 · · Simply Wall St.

5 May

Impact 4 ·
Impact 3 · · Associated Press Finance

11 Apr

Impact 3 · · Simply Wall St.

27 Feb

Impact 4 ·
Impact 4 ·

6 Feb

Impact 4 ·

3 Feb

Impact 3 · · Business Wire

25 Dec

Impact 3 · · Simply Wall St.

7 Nov

Impact 4 ·
Impact 3 · · Associated Press Finance

29 Sep

Impact 3 · · Simply Wall St.

IBOC metrics, ten years each

stockrow.com/IBOC · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com