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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. In the quarter to June 2026, revenue was flat, EPS fell 4.35%, free cash flow fell 3.33% and total debt fell 29.7%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five.

67.34 0.31 −0.46%
Market cap
$4.2B
P/E
10.1×
Fwd P/E
11.2×
Dividend yield
2.17%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.72
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 — — — — —
Insider Ownership 13.05%

Capital & Financial Ratios $m

Market Cap 4,210.00
Revenue 1,064.31
Net Income 413.26
Free Cash Flow 452.88
Net Debt (332.06)
Current Ratio 0.77
Debt/Equity 0.04
P/E ratio 10.14
Fwd P/E 11.20
P/S ratio 3.93
P/B ratio 1.24
Past 5Y EPS Growth 20.37% (at or above 15%: strong)
This Y EPS Growth (3.47%) (below 0%: weak)
Next Y EPS Growth 5.63%
Next Y revenue growth 5.25%
Next 5Y EPS Growth 3.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 27.35%
10-year low 10-year high
P/S against its own 10 years 40.73%
10-year low 10-year high
P/B against its own 10 years 33.36%
10-year low 10-year high

Dividends

Payout Ratio 0.22
Annual Dividend Rate 1.46
Annual Dividend Yield 2.17%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.46
0.73
0.73
2025 1.40
0.70
0.70
2024 1.32
0.66
0.66
2023 1.26
0.63
0.63
2022 1.20
0.60
0.60
2021 1.15
0.55
0.60
2020 1.10
0.55
0.55
2019 1.05
0.50
0.55
2018 0.75
0.33
0.42
2017 0.66
0.33
0.33
2016 0.60
0.29
0.31
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 651 353 536 451
Receivables — — — —
Inventory — — — —
Other — — — —
8,618 9,078 9,910 10,222
2023 2024 2025 Q'26
Payables 11,825 12,112 12,437 12,736
ST’ Debt — — — —
Other — — — —
12,355 12,647 13,022 13,348

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%

Revenue $m

Mar Jun Sep Dec Year
’26 257 264 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 1.64 1.54 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 21.05 32.50 32.56 32.04 15.60 35.92 38.00 39.10 48.85 54.11

Analyst estimates 2026–2028

Powerpack
High 42.25 42.90 47.95 44.00 43.60 53.06 53.71 54.72 76.91 73.66
People
People Employees 3,216 3,273 3,390 3,314 2,456 2,261 2,169 2,200 2,336 2,319
Revenue/emp, $m 0.17 0.17 0.19 0.20 0.24 0.27 0.33 0.44 0.45 0.46
Income, $m
Income, $m Revenue 550 566 631 647 578 620 713 970 1,043 1,056
Gross margin, % 92.15 93.12 91.65 90.94 93.23 95.68 94.65 85.91 79.93 79.75
EBT 197 222 273 260 212 322 383 524 509 520
EBT margin, % 35.84 39.19 43.21 40.16 36.66 51.95 53.67 53.96 48.78 49.28
Net income 134 157 216 205 167 254 300 412 409 412
Depreciation 51 49 46 48 67 61 34 27 25 23
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
Earnings 2.03 2.38 3.27 3.13 2.63 4.01 4.79 6.63 6.58 6.63
Cash flow 3.08 2.98 3.48 4.76 4.79 4.60 6.19 7.64 7.62 7.90
Capex (0.53) (0.18) (0.26) (0.42) (0.09) 0.02 (0.09) (0.44) (0.21) (0.29)
Free cash flow 2.55 2.80 3.22 4.33 4.70 4.62 6.10 7.20 7.41 7.61
Book value 26.14 27.84 29.34 32.35 34.18 36.44 32.63 39.43 44.98 52.30
Shares, m 66 66 66 65 64 63 63 62 62 62
Valuation, ×
Valuation, × P/E 20.14 16.67 10.52 13.76 14.13 10.59 9.43 8.13 9.60 10.02
P/S 4.90 4.60 3.60 4.36 4.13 4.33 3.97 3.45 3.77 3.91
P/B 1.56 1.41 1.17 1.33 1.10 1.16 1.38 1.37 1.40 1.27
EV/Sales 6.03 6.52 4.48 5.14 1.66 0.08 1.24 2.90 3.54 3.52
EV/FCF 19.73 19.97 13.26 11.71 3.21 0.16 2.32 6.30 8.02 7.85
Cash, $m
Cash, $m Operating cash flow 203 197 230 312 305 292 388 474 474 491
Capex (35) (12) (17) (28) (6) 1 (6) (27) (13) (18)
Free cash flow 168 185 213 284 299 293 382 447 461 473
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)
Total debt 894 1,356 866 761 571 571 146 120 119 119
Net debt 625 1,090 549 504 (1,426) (2,638) (1,942) (531) (233) (417)
Shareholders’ equity 1,725 1,839 1,940 2,118 2,178 2,308 2,045 2,448 2,797 3,252
Returns, %
Returns, % ROA 1.14 1.31 1.80 1.71 1.28 1.69 1.90 2.69 2.66 2.55
ROIC 5.25 4.73 6.85 6.20 17.61 0.00 233.04 17.07 12.40 11.47
ROE 7.90 8.84 11.43 10.11 7.79 11.32 13.79 18.33 15.60 13.63
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
FFIN First Financial Bankshares, Inc. $4.5B 16.2× 15.9× +7.84% (above 0%: growing) +6.38% (above 0%: growing) +25.95% (above 0%: growing) 77.89% 0.00% Compare
SFBS ServisFirst Bancshares, Inc. $4.3B 13.4× 12.3× +6.36% (above 0%: growing) +40.18% (above 0%: growing) +141.10% (above 0%: growing) 64.14% 0.00% Compare
FULT Fulton Financial Corporation $4.3B 10.7× 11.1× +7.53% (above 0%: growing) −1.89% (below 0%: shrinking) +6.85% (above 0%: growing) 71.64% 0.00% Compare
IBOC International Bancshares Corporation $4.2B 10.1× 11.2× +0.96% (above 0%: growing) −4.35% (below 0%: shrinking) −3.33% (below 0%: shrinking) 81.33% 0.00%
FBP First BanCorp. $4.2B 11.4× 10.8× +4.63% (above 0%: growing) +26.00% (above 0%: growing) −5.21% (below 0%: shrinking) 81.89% 0.00% Compare
UCB United Community Banks, Inc. $4.1B 11.1× 11.3× +0.18% (above 0%: growing) +50.79% (above 0%: growing) +43.32% (above 0%: growing) 72.97% 0.00% Compare
BMA Macro Bank Inc. $4.1B 14.0× 15.4× +4.42% (above 0%: growing) +17.44% (above 0%: growing) +198.80% (above 0%: growing) 77.07% 0.00% Compare
CATY Cathay General Bancorp $4.0B 11.6× 10.6× +3.12% (above 0%: growing) +24.32% (above 0%: growing) +272.48% (above 0%: growing) 63.72% 0.00% Compare
TCBI Texas Capital Bancshares, Inc. $3.9B 11.7× 13.4× +4.34% (above 0%: growing) +16.35% (above 0%: growing) +62.74% (above 0%: growing) 65.14% 0.00% Compare
Median of peers $4.1B 11.7× 11.8× +4.53% +20.88% +53.03% 72.31% 0.00%

All 323 Banks Regional stocks →

International Bancshares Corporation (IBOC) key facts

  • Strength: International Bancshares Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 1.26% from fiscal 2024.
  • International Bancshares Corporation (IBOC) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, IBOC traded at $67.34, a market capitalization of $4.2 billion.
  • International Bancshares Corporation pays an annual dividend of $1.46 per share, a yield of 2.17%, with a payout ratio of 22.0%.
  • Return on equity was 13.6% and debt-to-equity 0.04.
  • Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

International Bancshares Corporation (IBOC) Latest News

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stockrow.com/IBOC · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com