International Bancshares Corporation (IBOC) Income Statement

30Y historyFree accessUpdated daily

Net interest income plateaued at $171.1M in 2026Q2 with NIM flat at 1.0%, while the efficiency ratio improved to 31.3% and fee income rose to 16.6% of revenue, but operating income declined from $136.8M in 2025Q4 to $121.1M.

Annual statement

IBOC Income Statement

International Bancshares Corporation (IBOC) annual income statement — 30-year revenue, gross profit & net income history

Annual Quarterly

Metric	TTM	Dec'25	Dec'24	Dec'23	Dec'22	Dec'21	Dec'20	Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07	Dec'06	Dec'05	Dec'04	Dec'03	Dec'02	Dec'01	Dec'00	Dec'99	Dec'98	Dec'97	Dec'96

Net Interest Income	508.21M	672.42M	656.72M	663.5M	487.63M	371.27M	387.89M	433.77M	413.15M	376.2M	344.79M	352.44M	347.06M	308.58M	301.14M	323.83M	344.73M	387.58M	332.87M	310.23M	289.49M	301.88M	243.78M	223.33M	237.51M	189.55M	169.87M	155.5M	144.3M	130.4M	114.41M
NII Growth %	-88.56%	2.39%	-1.02%	36.07%	31.34%	-4.28%	-10.58%	4.99%	9.82%	9.11%	-2.17%	1.55%	12.47%	2.47%	-7.01%	-6.06%	-11.06%	16.44%	7.3%	7.17%	-4.1%	23.83%	9.16%	-5.97%	25.31%	11.58%	9.24%	7.76%	10.66%	13.98%	7.42%
Net Interest Margin %	-	4.03%	4.17%	4.4%	3.15%	2.31%	2.76%	3.58%	3.48%	3.09%	2.92%	2.99%	2.85%	2.55%	2.53%	2.76%	2.89%	3.3%	2.68%	2.78%	2.65%	2.9%	2.46%	3.39%	3.66%	2.97%	2.9%	2.87%	2.89%	2.89%	3.41%
Interest Income	884.8M	886.27M	865.98M	800.16M	525.78M	398.1M	427.01M	492.4M	465.82M	415.14M	387.91M	396.75M	393.6M	363.22M	375.64M	418.12M	458.77M	527.38M	564.6M	643.57M	609.07M	508.7M	352.38M	318.05M	353.93M	390.36M	421.63M	340.7M	326.2M	275.8M	221.78M
Interest Expense	202.1M	213.85M	209.26M	136.66M	38.16M	26.83M	39.12M	58.63M	52.67M	38.93M	43.13M	44.32M	46.54M	54.63M	74.5M	94.3M	114.04M	139.8M	231.73M	333.34M	319.59M	206.83M	108.6M	94.72M	116.42M	200.81M	251.76M	185.2M	181.9M	145.4M	107.37M
Loan Loss Provision	-31.74M	15.09M	31.8M	34.58M	21.65M	7.96M	45.38M	18.84M	6.11M	11.22M	19.86M	24.41M	14.42M	22.97M	27.96M	17.32M	22.81M	58.83M	19.81M	-1.76M	3.85M	960K	6.5M	8.29M	8.54M	8.63M	6.82M	6.44M	8.6M	7.7M	6.63M
Non-Interest Income	-92.74M	167.36M	176.92M	169.94M	187.13M	222.33M	150.58M	154.83M	165.04M	150.41M	161.7M	155.73M	178.35M	189.6M	200.59M	201.49M	218.78M	201.01M	189.81M	165.36M	176.97M	167.22M	134.82M	127.27M	85.64M	79.59M	57.5M	61M	41.7M	36.8M	-77.58M
Non-Interest Income %	-22.32%	19.93%	21.22%	20.39%	27.73%	37.45%	27.96%	26.3%	28.54%	28.56%	31.93%	30.65%	33.94%	38.06%	39.98%	38.36%	38.82%	34.15%	36.31%	34.77%	37.94%	35.65%	35.61%	36.3%	26.5%	29.57%	25.29%	28.18%	22.42%	22.01%	-210.69%
Total Net Revenue	415.47M	839.78M	833.64M	833.44M	674.76M	593.6M	538.47M	588.6M	578.2M	526.61M	506.49M	508.17M	525.4M	498.19M	501.73M	525.32M	563.52M	588.59M	522.68M	475.6M	466.46M	469.1M	378.59M	350.6M	323.16M	269.13M	227.37M	216.5M	186M	167.2M	36.82M
Revenue Growth %	-50.11%	0.74%	0.02%	23.52%	13.67%	10.24%	-8.52%	1.8%	9.8%	3.97%	-0.33%	-3.28%	5.46%	-0.71%	-4.49%	-6.78%	-4.26%	12.61%	9.9%	1.96%	-0.56%	23.91%	7.98%	8.49%	20.07%	18.37%	5.02%	16.4%	11.24%	354.05%	18.18%
Non-Interest Expense	234.41M	304.33M	293.12M	275.35M	270.47M	263.32M	281.33M	309.8M	299.5M	293.75M	289.63M	276.92M	281.04M	292.63M	315.37M	316.77M	339.73M	309.03M	301.23M	300.28M	288.72M	255.99M	195.18M	159.75M	154.84M	135.44M	111.96M	106.97M	99.1M	85.8M	-34.32M
Efficiency Ratio	56.42%	36.24%	35.16%	33.04%	40.08%	44.36%	52.25%	52.63%	51.8%	55.78%	57.18%	54.49%	53.49%	58.74%	62.86%	60.3%	60.29%	52.5%	57.63%	63.14%	61.9%	54.57%	51.55%	45.57%	47.92%	50.32%	49.24%	49.41%	53.28%	51.32%	-93.2%
Operating Income	387.29M	520.36M	508.72M	523.51M	382.64M	322.33M	211.76M	259.95M	272.58M	221.64M	197M	206.84M	229.94M	182.59M	158.4M	191.23M	200.98M	220.73M	201.64M	177.08M	173.89M	212.15M	176.91M	182.55M	159.77M	125.06M	108.59M	103.1M	78.3M	73.7M	64.51M
Operating Margin %	93.22%	61.96%	61.02%	62.81%	56.71%	54.3%	39.33%	44.16%	47.14%	42.09%	38.9%	40.7%	43.76%	36.65%	31.57%	36.4%	35.67%	37.5%	38.58%	37.23%	37.28%	45.22%	46.73%	52.07%	49.44%	46.47%	47.76%	47.62%	42.1%	44.08%	175.2%
Operating Income Growth %	-	2.29%	-2.83%	36.82%	18.71%	52.21%	-18.54%	-4.63%	22.98%	12.51%	-4.76%	-10.04%	25.93%	15.27%	-17.17%	-4.85%	-8.95%	9.47%	13.87%	1.83%	-18.03%	19.92%	-3.09%	14.26%	27.75%	15.17%	5.33%	31.67%	6.24%	14.24%	10.51%
Pretax Income	501.76M	520.36M	508.72M	523.51M	382.64M	322.33M	211.76M	259.95M	272.58M	221.64M	197M	206.84M	229.94M	182.59M	158.4M	191.23M	200.98M	220.73M	201.64M	177.08M	173.89M	212.15M	176.91M	182.55M	159.77M	125.06M	108.59M	103.1M	78.3M	73.7M	64.51M
Pretax Margin %	120.77%	61.96%	61.02%	62.81%	56.71%	54.3%	39.33%	44.16%	47.14%	42.09%	38.9%	40.7%	43.76%	36.65%	31.57%	36.4%	35.67%	37.5%	38.58%	37.23%	37.28%	45.22%	46.73%	52.07%	49.44%	46.47%	47.76%	47.62%	42.1%	44.08%	175.2%
Income Tax	82.41M	108.07M	99.55M	111.74M	82.41M	68.41M	44.44M	54.85M	56.65M	64.21M	63.07M	70.12M	76.79M	56.24M	50.56M	64.08M	70.96M	77.99M	69.53M	55.76M	56.89M	71.37M	57.88M	60.43M	54.01M	41.72M	33.42M	36.9M	24.6M	24.8M	20.16M
Effective Tax Rate %	16.42%	20.77%	19.57%	21.35%	21.54%	21.22%	20.99%	21.1%	20.78%	28.97%	32.02%	33.9%	33.39%	30.8%	31.92%	33.51%	35.31%	35.33%	34.48%	31.49%	32.72%	33.64%	32.72%	33.1%	33.81%	33.36%	30.77%	35.79%	31.42%	33.65%	31.26%
Net Income	419.36M	412.29M	409.17M	411.77M	300.23M	253.92M	167.32M	205.1M	215.93M	157.44M	133.93M	136.73M	153.15M	126.35M	107.83M	127.15M	130.02M	142.74M	132.11M	121.31M	117M	140.78M	119.03M	122.13M	100.63M	83.34M	75.17M	66.2M	53.7M	48.9M	44.35M
Net Margin %	100.94%	49.1%	49.08%	49.41%	44.49%	42.78%	31.07%	34.85%	37.35%	29.9%	26.44%	26.91%	29.15%	25.36%	21.49%	24.2%	23.07%	24.25%	25.28%	25.51%	25.08%	30.01%	31.44%	34.83%	31.14%	30.97%	33.06%	30.58%	28.87%	29.25%	120.44%
Net Income Growth %	-0.27%	0.76%	-0.63%	37.15%	18.24%	51.76%	-18.42%	-5.01%	37.15%	17.55%	-2.04%	-10.72%	21.21%	17.17%	-15.19%	-2.21%	-8.91%	8.05%	8.9%	3.68%	-16.89%	18.27%	-2.54%	21.36%	20.74%	10.87%	13.56%	23.28%	9.82%	10.26%	10.71%
Net Income (Continuing)	304.88M	412.29M	409.17M	411.77M	300.23M	253.92M	167.32M	205.1M	215.93M	157.44M	133.93M	136.73M	153.15M	126.35M	107.83M	127.15M	130.02M	142.74M	132.11M	121.31M	117M	140.78M	119.03M	122.13M	105.76M	83.34M	75.17M	66.2M	53.7M	48.9M	44.35M
EPS (Diluted)	-	6.62	6.57	6.62	4.78	4.00	2.62	3.12	3.24	2.36	2.02	2.05	2.28	1.88	1.39	1.69	1.72	1.90	1.92	1.75	1.67	1.98	1.71	1.80	1.43	1.15	1.03	0.89	0.77	0.70	0.59
EPS Growth %	-27.66%	0.76%	-0.76%	38.49%	19.5%	52.67%	-16.03%	-3.7%	37.29%	16.83%	-1.46%	-10.09%	21.28%	35.25%	-17.75%	-1.74%	-9.47%	-1.04%	9.71%	4.79%	-15.66%	15.79%	-5%	25.87%	24.35%	11.65%	15.73%	15.58%	10%	18.64%	-16.9%
EPS (Basic)	-	6.62	6.58	6.63	4.79	4.01	2.63	3.13	3.27	2.38	2.03	2.06	2.29	1.88	1.39	1.69	1.72	1.90	1.93	1.76	1.68	2.01	1.75	1.84	1.47	1.17	1.05	0.90	0.79	0.73	0.59
Diluted Shares Outstanding	0	62.26M	62.3M	62.22M	62.81M	63.49M	63.85M	65.69M	66.63M	66.78M	66.31M	66.64M	67.06M	67.31M	67.31M	67.57M	68M	68.39M	68.71M	69.37M	70.16M	71.1M	69.72M	67.84M	70.24M	72.36M	72.84M	74.55M	70.1M	69.3M	74.65M

Key Metrics

Growth RegimeStable

ProfitabilityStrong

Balance SheetFortress

Cash FlowStable

Top Statement Risk

Deposit beta and border risk

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q2)

NII Growth Stalls Amid Rate Plateau

Net interest income has plateaued near $171M per quarter, with growth slowing to 2.2% year-over-year, suggesting the benefit of asset repricing is maturing, as per recent financial statements.

NII has been range-bound between $161M and $172M over the past ten quarters, with the most recent quarter showing only 2.2% growth. This suggests that the bank's asset-sensitive balance sheet has largely repriced, and further expansion may require loan growth rather than rate tailwinds. The flat NIM of 1.0% reinforces that the yield curve dynamics are no longer providing a lift.

NIM Flat, Efficiency Improves

Net interest margin remains stable at 1.0%, while the efficiency ratio improved to 31.3% in 2026Q2, indicating disciplined expense management, according to reported quarterly data.

Despite a stable NIM, the efficiency ratio has improved from 27.4% in 2024Q1 to 31.3% in 2026Q2, though it remains above the 2024Q4 low of 27.8%. This suggests that the bank is controlling non-interest expenses even as revenue growth has stalled. The improvement in efficiency is notable given the bank's extensive branch network, but investors should monitor whether this is sustainable if deposit costs rise.

Operating Leverage Fades as Costs Rise

Operating income has declined from $136.8M in 2025Q4 to $121.1M in 2026Q2, while the efficiency ratio rose to 31.3%, indicating that expense growth is outpacing revenue, based on financial statements.

The bank's operating leverage appears to be turning negative: revenue grew only 1.0% year-over-year in 2026Q2, while operating income fell 3.9% from the prior quarter. The efficiency ratio has crept up from 28.0% in 2025Q4 to 31.3%, suggesting that the bank is unable to fully offset rising costs with revenue growth. This may indicate that the bank's cost structure is becoming less flexible as it invests in its branch network.

Provision Volatility Signals Caution

Provision for loan losses spiked to $11.1M in 2026Q2, up from $3.0M in the prior quarter, suggesting a potential deterioration in credit quality, as reported in the latest earnings.

The provision expense has been volatile, ranging from $1.5M to $13.0M over the past ten quarters. The recent increase to $11.1M in 2026Q2 is the highest since 2024Q1 and may indicate that the bank is building reserves in anticipation of credit stress, particularly given its concentration in trade-dependent commercial lending. However, the absolute level remains manageable relative to net income, and the bank's fortress balance sheet provides a cushion.

Fee Income Diversification Improves

Non-interest income rose to $43.7M in 2026Q2, with fee income representing 16.6% of total revenue, up from 14.7% a year earlier, according to company filings.

Fee income has grown steadily, from $37.0M in 2025Q1 to $43.7M in 2026Q2, and its share of total revenue has increased from 14.7% to 16.6%. This diversification is positive, as it reduces reliance on net interest income. However, the composition of these fees—likely service charges and trade-related fees—may be sensitive to border trade volumes, which could introduce volatility.

Deposit Beta and Border Risk Loom

The bank's low-cost deposit base may face repricing pressure if competitors raise rates, while its concentration in Laredo exposes it to trade policy shifts, as per industry analysis.

IBOC's fortress balance sheet, with a debt-to-equity ratio of 0.22% and $536M in cash, provides stability, but it also suggests a conservative approach that may underutilize capital. The primary risk is that deposit betas rise faster than loan yields, compressing NIM, especially if the Fed cuts rates. Additionally, any disruption to U.S.-Mexico trade could impact the credit quality of its commercial borrowers, as evidenced by the recent provision spike. Investors should monitor these factors closely.

IBOC — Frequently Asked Questions

Quick answers to the most common questions about buying IBOC stock.

What was International Bancshares Corporation's (IBOC) revenue in 2025?

For fiscal year 2025, International Bancshares Corporation (IBOC) reported total revenue of $839.8M. This represents a 2180.5% increase compared to $36.8M in 1996.

Is International Bancshares Corporation (IBOC) profitable?

International Bancshares Corporation (IBOC) is profitable, generating $412.3M in net income for the fiscal year ending 2025 with a net profit margin of 49.1%.

What is International Bancshares Corporation's operating profit margin?

International Bancshares Corporation (IBOC) reported an operating income of $520.4M, resulting in an operating profit margin of 62.0%. This margin reflects the operational efficiency of the business before interest and taxes.

What is International Bancshares Corporation's gross profit and gross margin?

International Bancshares Corporation (IBOC) generated $824.7M in gross profit for the year, representing a gross profit margin of 98.2%. This demonstrates the company's core pricing power and production efficiency.