IBOC

MKT CAP:$4B

International Bancshares Corporation

Market Cap

$4B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$71.31+$4.47 (+6.69%)

Apr 24, 2026

Company Details

International 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 oth...

CEO

Mike K. Sohn

IPO Date

Aug 30, 1995

Website

www.ibc.com

Key Metrics TTM

Revenue

$1.1B

+1.3% YoY

Net Income

$412M

EPS (Diluted)

$6.62

Free Cash Flow

$493M

Revenue / Share

$16.97

Gross Margin

78.3%

Operating Margin

49.3%

Net Margin

39.0%

FCF Margin

46.7%

P/S

4.2x

P/E

10.7x

Earnings Reports

Q1 2026

May 4, 2026

PENDING

FY 2025

Feb 26, 2026

$1.1B+1.0%EPS $6.62

Q4 2025

Feb 26, 2026

$271M+3.0%EPS $1.71

Q3 2025

Nov 6, 2025

$273M+2.3%EPS $1.74

Q2 2025

Aug 7, 2025

$262M+0.9%EPS $1.61

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$140M	$132M	$68M
Q2 22	$153M	$142M	$74M
Q3 22	$200M	$181M	$106M
Q4 22	$220M	$197M	$135M
Q1 23	$229M	$197M	$129M
Q2 23	$236M	$195M	$128M
Q3 23	$250M	$202M	$131M
Q4 23	$256M	$204M	$136M
Q1 24	$254M	$193M	$123M
Q2 24	$259M	$199M	$125M
Q3 24	$266M	$203M	$127M
Q4 24	$263M	$207M	$134M
Q1 25	$252M	$195M	$121M
Q2 25	$262M	$204M	$126M
Q3 25	$273M	$216M	$136M
Q4 25	$271M	$213M	$137M

Valuation

Quarter	P/S	P/E
Q1 22	7.1x	17.2x
Q2 22	7.6x	19.9x
Q3 22	7.0x	17.6x
Q4 22	6.2x	14.7x
Q1 23	5.5x	12.7x
Q2 23	5.0x	11.3x
Q3 23	4.7x	10.8x
Q4 23	4.6x	10.7x
Q1 24	4.4x	10.9x
Q2 24	4.3x	11.0x
Q3 24	4.3x	11.0x
Q4 24	4.2x	10.8x
Q1 25	4.3x	10.8x
Q2 25	4.2x	10.7x
Q3 25	4.2x	10.5x
Q4 25	4.2x	10.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$79M	$77M
Q2 22	$88M	$82M
Q3 22	$121M	$117M
Q4 22	$99M	$93M
Q1 23	$143M	$138M
Q2 23	$85M	$80M
Q3 23	$114M	$105M
Q4 23	$133M	$124M
Q1 24	$135M	$129M
Q2 24	$107M	$105M
Q3 24	$116M	$110M
Q4 24	$115M	$117M
Q1 25	$140M	$133M
Q2 25	$95M	$92M
Q3 25	$115M	$112M
Q4 25	$160M	$156M

Capital Expenditures

Quarter	CapEx
Q1 22	$2M
Q2 22	$6M
Q3 22	$4M
Q4 22	$6M
Q1 23	$4M
Q2 23	$6M
Q3 23	$9M
Q4 23	$8M
Q1 24	$7M
Q2 24	$2M
Q3 24	$7M
Q4 24	$2M
Q1 25	$7M
Q2 25	$4M
Q3 25	$3M
Q4 25	$4M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+4.3%	+2.5%
Q2 22	-22.0%	+1.8%
Q3 22	+34.6%	+18.1%
Q4 22	+55.2%	+20.7%
Q1 23	+63.3%	+38.3%
Q2 23	+54.3%	+36.4%
Q3 23	+25.0%	+26.7%
Q4 23	+16.2%	+40.8%
Q1 24	+11.3%	+31.7%
Q2 24	+9.9%	+24.3%
Q3 24	+6.8%	+17.7%
Q4 24	+2.6%	+7.3%
Q1 25	-1.1%	-0.4%
Q2 25	+0.9%	+1.0%
Q3 25	+2.3%	-2.4%
Q4 25	+3.0%	+3.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$121.0K	0.1%
Q2 22	$108.0K	0.1%
Q3 22	$118.0K	0.1%
Q4 22	$102.0K	0.0%
Q1 23	$102.0K	0.0%
Q2 23	$77.0K	0.0%
Q3 23	$76.0K	0.0%
Q4 23	$75.0K	0.0%
Q1 24	$74.0K	0.0%
Q2 24	$48.0K	0.0%
Q3 24	$47.0K	0.0%
Q4 24	$45.0K	0.0%
Q1 25	$45.0K	0.0%
Q2 25	$21.0K	0.0%
Q3 25	$20.0K	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$32M	$1M
Q2 22	$33M	$1M
Q3 22	$36M	$1M
Q4 22	$33M	$217.0K
Q1 23	$37M	$1M
Q2 23	$35M	$1M
Q3 23	$37M	$1M
Q4 23	$32M	$1M
Q1 24	$38M	$2M
Q2 24	$37M	$1M
Q3 24	$39M	$1M
Q4 24	$39M	$2M
Q1 25	$40M	$2M
Q2 25	$40M	$2M
Q3 25	$39M	$2M
Q4 25	$47M	$134.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$3.4B	$4.1B	$7.6B
Q2 22	$3.4B	$4.3B	$7.7B
Q3 22	$3.2B	$4.2B	$7.5B
Q4 22	$2.1B	$4.4B	$6.5B
Q1 23	$1.2B	$4.9B	$6.1B
Q2 23	$1.0B	$4.7B	$5.7B
Q3 23	$699M	$4.7B	$5.4B
Q4 23	$651M	$4.8B	$5.5B
Q1 24	$909M	$4.8B	$5.7B
Q2 24	$792M	$4.9B	$5.7B
Q3 24	$780M	$5.0B	$5.8B
Q4 24	$353M	$5.0B	$5.3B
Q1 25	$589M	$2M	$592M
Q2 25	$732M	$3M	$735M
Q3 25	$589M	$4.8B	$5.4B
Q4 25	$536M	$0	$536M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	63M	+0.2%	+0.1%
Q2 22	63M	-0.7%	-0.7%
Q3 22	62M	-1.1%	-1.8%
Q4 22	63M	+0.6%	-1.0%
Q1 23	62M	-0.7%	-1.9%
Q2 23	62M	-0.1%	-1.4%
Q3 23	63M	+0.7%	+0.5%
Q4 23	62M	-0.7%	-0.9%
Q1 24	62M	+0.1%	-0.0%
Q2 24	62M	+0.0%	+0.1%
Q3 24	62M	0.0%	-0.6%
Q4 24	62M	+0.0%	+0.2%
Q1 25	62M	-0.0%	+0.1%
Q2 25	62M	-0.1%	-0.1%
Q3 25	62M	0.0%	-0.1%
Q4 25	62M	+0.0%	-0.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$66.6K	2K
Q2 22	$72.7K	2K
Q3 22	$95.0K	2K
Q4 22	$111.7K	2K
Q1 23	$115.8K	2K
Q2 23	$119.5K	2K
Q3 23	$126.4K	2K
Q4 23	$124.3K	2K
Q1 24	$123.3K	2K
Q2 24	$125.7K	2K
Q3 24	$129.2K	2K
Q4 24	$125.0K	2K
Q1 25	$119.7K	2K
Q2 25	$124.4K	2K
Q3 25	$129.6K	2K
Q4 25	$127.3K	2K

Revenue / Employee