International Bancshares Corporation (IBOC) 10-Year Financial Performance & Capital Metrics

IBOC • • Banking & Credit

Financial ServicesRegional BanksInternational & Latin American BankingInternational Trade Banking

AboutInternational Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company 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, collection, notary public, escrow, drive up and walk up facilities, and other customary banking services; and Internet banking services, as well as securities products through third party providers. As of February 28, 2022, the company had 170 branch facilities and 263 ATMs serving 76 communities in Texas and Oklahoma. International Bancshares Corporation was founded in 1966 and is headquartered in Laredo, Texas.Show more

Net Interest Income $657M -1.0%
Total Revenue $1.04B +7.5%
Net Income $409M -0.6%
Return on Equity 15.6% -14.9%
Net Interest Margin 4.17% -5.3%
Efficiency Ratio 28.11% -1.0%
ROA 2.66% -1.4%
Equity / Assets 17.77% +9.4%
Book Value per Share 44.89 +14.1%
Tangible BV/Share 40.36 +16.0%
Debt/Equity 0.23 -11.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 4.2%
✓Efficient operations: 28.1% efficiency ratio
✓15 consecutive years of dividend growth
✓Well capitalized: 17.8% equity/assets
✓Good 3Y average ROE of 15.9%
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y6.19%

5Y10.01%

3Y18.9%

TTM-

Profit (Net Income) CAGR

10Y10.33%

5Y14.81%

3Y17.24%

TTM5%

EPS CAGR

10Y11.16%

5Y16.06%

3Y17.99%

TTM-21.93%

ROCE

10Y Avg11.06%

5Y Avg14.06%

3Y Avg17.38%

Latest17.53%

Peer Comparison

International Trade Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CATYCathay General Bancorp	3.46B	50.81	12.86	6.11%	20.56%	10.5%	9.42%	0.08
IBOCInternational Bancshares Corporation	4.39B	70.69	10.76	7.5%	39.23%	13.44%	10.46%	0.23
BLXBanco Latinoamericano de Comercio Exterior, S. A.	1.29B	44.99	8.03	18.61%	25.4%	15.57%		3.43
HDBHDFC Bank Limited	166.72B	32.51	0.23	19.15%	16.06%	12.21%	100%	0.86
IBNICICI Bank Limited	110.22B	30.82	0.22	25.19%	17.32%	15.31%		0.62
MFGMizuho Financial Group, Inc.	104.86B	8.49	0.12	9.47%	10.3%	9.11%		5.79
KBKB Financial Group Inc.	31.94B	89.08	0.01	3.73%	13.45%	9.46%	100%	2.35
SHGShinhan Financial Group Co., Ltd.	26.05B	54.10	0.01	4.66%	12.58%	8.03%	100%	2.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	352.44M	344.79M	376.2M	413.15M	433.77M	387.89M	371.27M	487.63M	663.5M	656.72M
NII Growth %	0.02%	-0.02%	0.09%	0.1%	0.05%	-0.11%	-0.04%	0.31%	0.36%	-0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	396.75M	387.91M	415.14M	465.82M	492.4M	427.01M	398.1M	525.78M	800.16M	865.98M
Interest Expense	44.32M	43.13M	38.93M	52.67M	58.63M	39.12M	26.83M	38.16M	136.66M	209.26M
Loan Loss Provision	24.41M	19.86M	11.22M	6.11M	18.84M	45.38M	7.96M	21.65M	34.58M	31.8M
Non-Interest Income+	155.73M	161.7M	150.41M	165.04M	154.83M	150.58M	222.33M	187.13M	169.94M	176.92M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	552.49M	549.62M	565.54M	630.86M	647.23M	577.59M	620.43M	712.91M	970.1M	1.04B
Revenue Growth %	-0.03%	-0.01%	0.03%	0.12%	0.03%	-0.11%	0.07%	0.15%	0.36%	0.08%
Non-Interest Expense	276.92M	289.63M	293.75M	299.5M	309.8M	281.33M	263.32M	270.47M	275.35M	293.12M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	206.84M	197M	221.64M	272.58M	259.95M	211.76M	322.33M	382.64M	523.51M	508.72M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.1%	-0.05%	0.13%	0.23%	-0.05%	-0.19%	0.52%	0.19%	0.37%	-0.03%
Pretax Income+	206.84M	197M	221.64M	272.58M	259.95M	211.76M	322.33M	382.64M	523.51M	508.72M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	70.12M	63.07M	64.21M	56.65M	54.85M	44.44M	68.41M	82.41M	111.74M	99.55M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	136.73M	133.93M	157.44M	215.93M	205.1M	167.32M	253.92M	300.23M	411.77M	409.17M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.11%	-0.02%	0.18%	0.37%	-0.05%	-0.18%	0.52%	0.18%	0.37%	-0.01%
Net Income (Continuing)	136.73M	133.93M	157.44M	215.93M	205.1M	167.32M	253.92M	300.23M	411.77M	409.17M
EPS (Diluted)+	2.05	2.02	2.36	3.24	3.12	2.62	4.00	4.78	6.62	6.57
EPS Growth %	-0.1%	-0.01%	0.17%	0.37%	-0.04%	-0.16%	0.53%	0.2%	0.38%	-0.01%
EPS (Basic)	2.06	2.03	2.38	3.27	3.13	2.63	4.01	4.79	6.63	6.58
Diluted Shares Outstanding	66.64M	66.31M	66.78M	66.63M	65.69M	63.85M	63.49M	62.81M	62.22M	62.3M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	273.05M	269.2M	265.36M	316.8M	256.82M	2B	3.21B	2.09B	651.06M	352.65M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	10.55B	10.6B	10.73B	10.26B	10.54B	10.78B	11.62B	12.09B	13.08B	14.01B
Investments Growth %	-0.04%	0%	0.01%	-0.04%	0.03%	0.02%	0.08%	0.04%	0.08%	0.07%
Long-Term Investments	6.36B	6.42B	6.6B	6.84B	7.16B	7.7B	7.41B	7.67B	8.25B	9.02B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	282.53M	282.53M	282.53M	282.53M	282.53M	282.53M	282.53M	282.53M	282.53M	282.53M
Intangible Assets	153K	25K	0	0	0	0	0	0	0	0
PP&E (Net)	516.72M	527.58M	514.45M	506.9M	506.6M	479.88M	447.08M	431.61M	437.09M	428.22M
Other Assets	114.35M	95.59M	358.95M	473.02M	489.81M	454.46M	457.73M	563.73M	553.7M	595.54M
Total Current Assets	4.5B	4.48B	4.42B	3.76B	3.67B	5.12B	7.45B	6.55B	5.54B	5.41B
Total Non-Current Assets	7.27B	7.33B	7.76B	8.11B	8.44B	8.91B	8.59B	8.95B	9.53B	10.33B
Total Assets+	11.77B	11.8B	12.18B	11.87B	12.11B	14.03B	16.05B	15.5B	15.07B	15.74B
Asset Growth %	-0.03%	0%	0.03%	-0.03%	0.02%	0.16%	0.14%	-0.03%	-0.03%	0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	0.02%	0.02%	0.03%	0.03%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	1.49B	1.4B	1.71B	1.1B	997.69M	999.12M	1.01B	576.78M	650.03M	654.73M
Net Debt	1.22B	1.13B	1.44B	779.27M	740.87M	-998.12M	-2.2B	-1.51B	-1.03M	302.08M
Long-Term Debt	667.17M	893.79M	1.36B	866.08M	761.15M	570.97M	570.78M	145.59M	119.61M	119.41M
Short-Term Debt	827.77M	504.99M	353.81M	229.99M	236.54M	428.15M	439.67M	431.19M	530.42M	535.32M
Other Liabilities	76.17M	70.51M	91.38M	139.75M	171.12M	130.49M	109.43M	219.93M	143.83M	175.57M
Total Current Liabilities	9.36B	9.12B	8.9B	8.93B	9.06B	11.15B	13.06B	13.09B	12.35B	12.65B
Total Non-Current Liabilities	743.34M	964.3M	1.45B	1.01B	932.27M	701.46M	680.21M	365.52M	263.44M	294.98M
Total Liabilities	10.11B	10.08B	10.35B	9.93B	9.99B	11.85B	13.74B	13.46B	12.62B	12.94B
Total Equity+	1.67B	1.72B	1.84B	1.94B	2.12B	2.18B	2.31B	2.04B	2.45B	2.8B
Equity Growth %	0.05%	0.04%	0.07%	0.05%	0.09%	0.03%	0.06%	-0.11%	0.2%	0.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.09%	0.11%	0.1%	0.08%	0.11%	0.14%	0.18%	0.16%
Book Value per Share	24.99	26.01	27.54	29.11	32.25	34.11	36.36	32.55	39.34	44.89
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	95.87M	95.91M	96.02M	96.1M	96.22M	96.24M	96.35M	96.42M	96.47M	96.62M
Additional Paid-in Capital	167.98M	169.57M	171.82M	145.28M	148.07M	149.33M	152.14M	154.06M	155.51M	159.33M
Retained Earnings	1.68B	1.78B	1.89B	2.06B	2.2B	2.29B	2.47B	2.7B	3.03B	3.36B
Accumulated OCI	2.17M	-26.7M	-28.4M	-54.63M	2.35M	20.82M	-31.98M	-470.5M	-397.89M	-379.05M
Treasury Stock	-284.11M	-292.08M	-292.26M	-311.31M	-329.15M	-378.03M	-378.74M	-430.79M	-435.4M	-436.37M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	203.65M	203.22M	196.82M	229.85M	311.56M	305.13M	291.68M	387.94M	474.43M	473.95M
Operating CF Growth %	0.05%	-0%	-0.03%	0.17%	0.36%	-0.02%	-0.04%	0.33%	0.22%	-0%
Net Income	136.73M	133.93M	157.44M	215.93M	205.1M	167.32M	253.92M	300.23M	411.77M	409.17M
Depreciation & Amortization	25.65M	24.87M	25.31M	25.87M	28.27M	28.32M	25.03M	21.82M	21.94M	22.52M
Deferred Taxes	-332K	7.31M	4.57M	5.14M	3.31M	-3.12M	3.54M	10.62M	22.95M	-11.47M
Other Non-Cash Items	44.14M	36.84M	26.41M	11.12M	33.52M	84.5M	-18.31M	15.02M	33.49M	27.43M
Working Capital Changes	-3.71M	-811K	-17.81M	-29.26M	40.38M	27.38M	26.99M	39.8M	-16.05M	26.07M
Cash from Investing+	373.23M	-137.76M	-403.81M	379.44M	-318.06M	-343.7M	-915.89M	-992.03M	-1.07B	-985.06M
Purchase of Investments	-368.87M	-1.37B	-1.21B	-90.76M	-946.1M	-1.86B	-2.92B	-1.53B	-1.11B	-1.03B
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	-258.05M	2.23M	-357.46M	-245.76M	-319.44M	-574.77M	392.65M	-196.99M	-611.64M	-777.84M
Cash from Financing+	-558.97M	-69.31M	203.15M	-557.85M	-53.48M	1.78B	1.84B	-517.43M	-843.89M	212.71M
Dividends Paid	-38.52M	-39.57M	-43.59M	-49.6M	-68.67M	-69.93M	-72.84M	-75.38M	-78.25M	-82.08M
Share Repurchases	-6.68M	-7.97M	-187K	-19.04M	-17.84M	-48.88M	-716K	-52.05M	-4.61M	-963K
Stock Issued	1.37M	549K	1.46M	1.52M	1.92M	542K	2.41M	1.54M	1.17M	3.76M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-189K	-1000K	-1000K	-204K
Other Financing	67.05M	-248.95M	-216.38M	-1.17M	136.04M	2.09B	1.91B	33.65M	-736.23M	292.2M
Net Change in Cash+	17.91M	-3.85M	-3.84M	51.44M	-59.98M	1.74B	1.21B	-1.12B	-1.44B	-298.41M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	255.15M	273.05M	269.2M	265.36M	316.8M	256.82M	2B	3.21B	2.09B	651.06M
Cash at End	273.05M	269.2M	265.36M	316.8M	256.82M	2B	3.21B	2.09B	651.06M	352.65M
Interest Paid	44.56M	44.07M	38.99M	50.62M	56.73M	41.98M	29.01M	36.35M	117.94M	201.83M
Income Taxes Paid	65.23M	49.92M	66.98M	40.56M	44.09M	34.83M	47.39M	22.12M	69.8M	51.24M
Free Cash Flow+	183.82M	164.36M	182.5M	208.45M	281.98M	298.41M	281.29M	368.73M	446.94M	459.8M
FCF Growth %	0.29%	-0.11%	0.11%	0.14%	0.35%	0.06%	-0.06%	0.31%	0.21%	0.03%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	8.42%	7.9%	8.84%	11.43%	10.11%	7.79%	11.32%	13.79%	18.33%	15.6%
Return on Assets (ROA)	1.14%	1.14%	1.31%	1.8%	1.71%	1.28%	1.69%	1.9%	2.69%	2.66%
Net Interest Margin	2.99%	2.92%	3.09%	3.48%	3.58%	2.76%	2.31%	3.15%	4.4%	4.17%
Efficiency Ratio	50.12%	52.7%	51.94%	47.47%	47.87%	48.71%	42.44%	37.94%	28.38%	28.11%
Equity / Assets	14.15%	14.61%	15.09%	16.34%	17.49%	15.52%	14.39%	13.19%	16.25%	17.77%
Book Value / Share	24.99	26.01	27.54	29.11	32.25	34.11	36.36	32.55	39.34	44.89
NII Growth	1.55%	-2.17%	9.11%	9.82%	4.99%	-10.58%	-4.28%	31.34%	36.07%	-1.02%
Dividend Payout	28.17%	29.54%	27.69%	22.97%	33.48%	41.79%	28.69%	25.11%	19%	20.06%

Revenue by Segment

	2018	2019	2021	2022	2023	2024
Services charges on deposit accounts	-	-	66.2M	72.78M	73.93M	73.71M
Services charges on deposit accounts Growth	-	-	-	9.93%	1.58%	-0.30%
Other service charges, commissions and fees Banking	-	-	-	-	-	58.68M
Other service charges, commissions and fees Banking Growth	-	-	-	-	-	-
Other service charges, commissions and fees, Non-banking	-	-	8.01M	8.57M	9.55M	10.35M
Other service charges, commissions and fees, Non-banking Growth	-	-	-	7.01%	11.41%	8.44%
Other service charges, commissions and fees, Banking	-	-	54.28M	55.25M	57.92M	-
Other service charges, commissions and fees, Banking Growth	-	-	-	1.79%	4.83%	-
Service Charges On Deposit Accounts	72.43M	72.5M	-	-	-	-
Service Charges On Deposit Accounts Growth	-	0.10%	-	-	-	-
Other Service Charges Commissions And Fees Banking	46.69M	51M	-	-	-	-
Other Service Charges Commissions And Fees Banking Growth	-	9.23%	-	-	-	-
Other Service Charges Commissions And Fees Nonbanking	7.8M	7.83M	-	-	-	-
Other Service Charges Commissions And Fees Nonbanking Growth	-	0.40%	-	-	-	-

Frequently Asked Questions

Valuation & Price

International Bancshares Corporation (IBOC) has a price-to-earnings (P/E) ratio of 10.8x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

International Bancshares Corporation (IBOC) grew revenue by 7.5% over the past year. This is steady growth.

Yes, International Bancshares Corporation (IBOC) is profitable, generating $420.5M in net income for fiscal year 2024 (39.2% net margin).

Dividend & Returns

Yes, International Bancshares Corporation (IBOC) pays a dividend with a yield of 1.86%. This makes it attractive for income-focused investors.

International Bancshares Corporation (IBOC) has a return on equity (ROE) of 15.6%. This is reasonable for most industries.

Industry Metrics

International Bancshares Corporation (IBOC) has a net interest margin (NIM) of 4.2%. This indicates healthy earnings from lending activities.

International Bancshares Corporation (IBOC) has an efficiency ratio of 28.1%. This is excellent, indicating strong cost control.

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