International Bancshares Corporation (IBOC) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
8.61
↑+60% vs avg
5yr avg: 5.37
30Y Low1.4·High27.5
P/FCF
↓
9.12
+9% vs avg
5yr avg: 8.37
30Y Low7.6·High22.6
P/B Ratio
↑
1.39
+5% vs avg
5yr avg: 1.33
30Y Low0.8·High3.2
ROE
↑
13.6%
-6% vs avg
5yr avg: 14.5%
30Y Low7%·High22%
Debt/EBITDA
↓
1.30
↓-20% vs avg
5yr avg: 1.61
30Y Low1.2·High22.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IBOC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
International Bancshares Corporation trades at 11.0x earnings, 14% above its 5-year average of 9.6x, sitting at the 33rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 18%. On a free-cash-flow basis, the stock trades at 9.1x P/FCF, 9% above the 5-year average of 8.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $4.5B | $4.1B | $3.9B | $3.4B | $2.9B | $2.7B | $2.4B | $2.8B | $2.3B | $2.7B | $2.7B |
| Enterprise Value | $4.7B | $4.3B | $4.2B | $3.4B | $1.4B | $492M | $1.4B | $3.6B | $3.1B | $4.1B | $3.8B |
| P/E Ratio → | 10.96 | 10.04 | 9.61 | 8.21 | 9.57 | 10.60 | 14.29 | 13.80 | 10.62 | 16.82 | 20.20 |
| P/S Ratio | 4.28 | 3.93 | 3.77 | 3.48 | 4.03 | 4.34 | 4.14 | 4.37 | 3.63 | 4.69 | 4.92 |
| P/B Ratio | 1.39 | 1.27 | 1.41 | 1.38 | 1.41 | 1.17 | 1.10 | 1.34 | 1.18 | 1.44 | 1.57 |
| P/FCF | 9.12 | 8.36 | 8.56 | 7.56 | 7.79 | 9.57 | 8.01 | 10.03 | 11.00 | 14.53 | 16.46 |
| P/OCF | 8.80 | 8.06 | 8.30 | 7.12 | 7.41 | 9.23 | 7.83 | 9.08 | 9.97 | 13.47 | 13.31 |
P/E links to full P/E history page with 30-year chart
IBOC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
International Bancshares Corporation's enterprise value stands at 8.6x EBITDA, 60% above its 5-year average of 5.4x. The Financial Services sector median is 11.4x, placing the stock at a 25% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.09 | 4.06 | 3.48 | 1.91 | 0.79 | 2.41 | 5.52 | 4.87 | 7.24 | 6.98 |
| EV / EBITDA | 8.61 | 7.92 | 7.98 | 6.19 | 3.37 | 1.42 | 5.80 | 12.39 | 10.29 | 16.58 | 17.29 |
| EV / EBIT | 8.99 | 8.27 | 8.33 | 6.45 | 3.56 | 1.53 | 6.58 | 13.73 | 11.27 | 18.48 | 19.47 |
| EV / FCF | — | 8.70 | 9.21 | 7.56 | 3.70 | 1.75 | 4.67 | 12.66 | 14.73 | 22.44 | 23.33 |
IBOC Profitability
Margins and return-on-capital ratios measuring operating efficiency
International Bancshares Corporation earns an operating margin of 49.4%, significantly above the Financial Services sector average of 21.2%. Operating margins have compressed from 54.0% to 49.4% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.6% is modest. ROIC of 10.5% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.3% | 78.3% | 76.9% | 82.3% | 91.6% | 94.4% | 85.4% | 88.0% | 90.7% | 91.1% | 88.5% |
| Operating Margin | 49.4% | 49.4% | 48.8% | 54.0% | 53.7% | 52.0% | 36.7% | 40.2% | 43.2% | 39.2% | 35.8% |
| Net Profit Margin | 39.1% | 39.1% | 39.2% | 42.4% | 42.1% | 40.9% | 29.0% | 31.7% | 34.2% | 27.8% | 24.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.6% | 13.6% | 15.6% | 18.3% | 13.8% | 11.3% | 7.8% | 10.1% | 11.4% | 8.8% | 7.9% |
| ROA | 2.5% | 2.5% | 2.7% | 2.7% | 1.9% | 1.7% | 1.3% | 1.7% | 1.8% | 1.3% | 1.1% |
| ROIC | 10.5% | 10.5% | 11.7% | 13.7% | 9.7% | 7.4% | 5.0% | 6.3% | 6.2% | 5.0% | 4.7% |
| ROCE | 5.4% | 5.4% | 17.5% | 20.4% | 14.2% | 11.0% | 7.1% | 8.7% | 8.7% | 7.4% | 7.7% |
IBOC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
International Bancshares Corporation carries a Debt/EBITDA ratio of 1.3x, which is manageable (69% below the sector average of 4.1x). Net debt stands at $168M ($705M total debt minus $536M cash). Interest coverage of just 2.4x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.22 | 0.22 | 0.23 | 0.27 | 0.28 | 0.44 | 0.46 | 0.47 | 0.57 | 0.93 | 0.81 |
| Debt / EBITDA | 1.30 | 1.30 | 1.23 | 1.19 | 1.43 | 2.91 | 4.16 | 3.46 | 3.67 | 6.92 | 6.30 |
| Net Debt / Equity | — | 0.05 | 0.11 | -0.00 | -0.74 | -0.95 | -0.46 | 0.35 | 0.40 | 0.79 | 0.65 |
| Net Debt / EBITDA | 0.31 | 0.31 | 0.57 | -0.00 | -3.74 | -6.33 | -4.16 | 2.57 | 2.61 | 5.85 | 5.09 |
| Debt / FCF | — | 0.34 | 0.66 | -0.00 | -4.10 | -7.82 | -3.34 | 2.63 | 3.74 | 7.91 | 6.87 |
| Interest Coverage | 2.43 | 2.43 | 2.43 | 3.83 | 10.03 | 12.01 | 5.41 | 4.43 | 5.18 | 5.69 | 4.57 |
IBOC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.04x means International Bancshares Corporation can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 0.45x to 1.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.04 | 1.04 | 0.43 | 0.45 | 0.50 | 0.57 | 0.46 | 0.41 | 0.42 | 0.50 | 0.49 |
| Quick Ratio | 1.04 | 1.04 | 0.43 | 0.45 | 0.50 | 0.57 | 0.46 | 0.41 | 0.42 | 0.50 | 0.49 |
| Cash Ratio | 0.92 | 0.92 | 0.03 | 0.05 | 0.16 | 0.25 | 0.18 | 0.03 | 0.04 | 0.03 | 0.03 |
| Asset Turnover | — | 0.06 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
IBOC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
International Bancshares Corporation returns 2.0% to shareholders annually — split between a 1.9% dividend yield and 0.1% buyback yield. The payout ratio of 21.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.1% | 2.1% | 2.3% | 2.6% | 2.7% | 2.9% | 2.4% | 2.2% | 1.6% | 1.5% |
| Payout Ratio | 21.1% | 21.1% | 20.1% | 19.0% | 25.1% | 28.7% | 41.8% | 33.5% | 23.0% | 27.7% | 29.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.1% | 10.0% | 10.4% | 12.2% | 10.4% | 9.4% | 7.0% | 7.2% | 9.4% | 5.9% | 5.0% |
| FCF Yield | 11.0% | 12.0% | 11.7% | 13.2% | 12.8% | 10.5% | 12.5% | 10.0% | 9.1% | 6.9% | 6.1% |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.1% | 1.8% | 0.0% | 2.0% | 0.6% | 0.8% | 0.0% | 0.3% |
| Total Shareholder Yield | 2.0% | 2.2% | 2.1% | 2.5% | 4.4% | 2.7% | 5.0% | 3.1% | 3.0% | 1.7% | 1.8% |
| Shares Outstanding | — | $62M | $62M | $62M | $63M | $63M | $64M | $66M | $67M | $67M | $66M |
Peer Comparison
Compare IBOC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IBOCYou | $5B | 11.0 | 8.6 | 9.1 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 TCBK | $2B | 13.7 | 8.5 | 12.8 | 75.9% | 31.7% | 9.5% | 8.9% | 0.4 |
 FFIN | $5B | 20.9 | 14.3 | 15.8 | 70.8% | 36.8% | 14.4% | 11.0% | 0.7 |
 CULP | $45M | -2.3 | — | — | 12.5% | -4.2% | -28.6% | -9.6% | — |
 SBSI | $993M | 14.6 | 16.2 | 13.5 | 55.8% | 19.7% | 8.3% | 3.7% | 8.9 |
 BOKF | $10B | 16.7 | 17.4 | 7.3 | 57.1% | 19.8% | 9.8% | 4.1% | 5.8 |
 INDB | $4B | 17.4 | 15.3 | 18.7 | 66.4% | 25.4% | 6.5% | 4.7% | 2.4 |
 CADE | $8B | 15.2 | 7.0 | 10.1 | 59.3% | 23.3% | 9.8% | 6.7% | 0.0 |
 FIS | $24B | 61.3 | 7.5 | 9.7 | 36.9% | 16.5% | 2.6% | 6.0% | 1.1 |
 FISV | $30B | 8.9 | 6.6 | 6.9 | 59.4% | 26.9% | 13.0% | 8.1% | 3.3 |
 JKHY | $10B | 22.9 | 13.2 | 17.6 | 42.7% | 23.9% | 21.4% | 21.0% | — |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonIBOC — Frequently Asked Questions
Quick answers to the most common questions about buying IBOC stock.
What is International Bancshares Corporation's P/E ratio?
International Bancshares Corporation's current P/E ratio is 11.0x. The historical average is 12.7x. This places it at the 33th percentile of its historical range.
What is International Bancshares Corporation's EV/EBITDA?
International Bancshares Corporation's current EV/EBITDA is 8.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.1x.
What is International Bancshares Corporation's ROE?
International Bancshares Corporation's return on equity (ROE) is 13.6%. The historical average is 13.4%.
Is IBOC stock overvalued?
Based on historical data, International Bancshares Corporation is trading at a P/E of 11.0x. This is at the 33th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is International Bancshares Corporation's dividend yield?
International Bancshares Corporation's current dividend yield is 1.93% with a payout ratio of 21.1%.
What are International Bancshares Corporation's profit margins?
International Bancshares Corporation has 78.3% gross margin and 49.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does International Bancshares Corporation have?
International Bancshares Corporation's Debt/EBITDA ratio is 1.3x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.