|IBOC Overview
IBOC

INTERNATIONAL BANCSHARES CORP

Financials • CIK: 0000315709

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Market Cap
$4.13B
P/E (TTM)
10.0x
Rev Growth (TTM)
+1.0%
Net Margin (TTM)
49.0%
FCF Yield (TTM)
11.4%
FCF Margin (TTM)
56.2%

LATEST EARNINGS

Q4 FY2025
8 days ago
View source
Revenue
N/A
Net Income
$106.90M
-7.1%
EPS
$1.71
-7.6%
Net
10.7% -0.8%
  • Full-year 2025 net income increased 0.8% to approximately $412.3 million.
  • Full-year 2025 diluted EPS increased 0.8% to $6.62.
  • Total assets grew to approximately $16.6 billion at year-end 2025, up from $15.7 billion at year-end 2024.
  • Total net loans increased to approximately $9.3 billion at year-end 2025, up from $8.7 billion at year-end 2024.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$473M
Q4 '25
$136M+21%
Q3 '25
$112M+22%
FCF Margin
TTM56.2%
Q4 '2562.5%+21%
Sector: 22.2%Top 10%
OCF Margin58.3%
OCF/NI1.19x
CapEx Coverage27.1x
FCF Yield11.4%
FCF Growth (2Y)+9%
Cash Conversion Cycle
0 days
DSO: 0+DIO: 0DPO: 0

Capital Allocation & Returns

Balanced
Total Shareholder YieldFY
FY2.1%
Div Yield2.1%
+
Buyback (FY)0.1%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)2.1%
FCF Payout Ratio18.4%
Free Cash Flow (TTM)$472.9M
Stock Repurchases (FY)$4.6M
Capital Return / FCF18.4%
Est. Dividends Paid (TTM)$87.0M
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
P25MedianP75
(med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
Asset Turnover
0.05x
8Q: 0.05x
Leverage (1+D/E)
1.00x
D/E: 0.00x
Asset & CapEx Efficiency
Fixed Asset Turn
1.97x
8Q:1.93x
+14.8%
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024
Revenue
$842.2M
$217.7M0.2%
$218.1M4.8%
$208.2M5.0%
$198.2M4.8%
$208.3M1.7%
$211.8M1.9%
$207.8M0.9%
$205.8M
Operating Income
$535.5M
$142.3M2.9%
$138.3M6.1%
$130.4M4.8%
$124.4M7.9%
$135.1M0.3%
$135.6M1.4%
$133.6M1.9%
$136.2M
Net Income
$412.3M
$106.9M1.4%
$108.4M8.2%
$100.1M3.4%
$96.9M15.8%
$115.1M15.3%
$99.8M2.9%
$97.0M0.4%
$97.3M
Operating Cash Flow
$491.1M
$139.9M21.5%
$115.2M20.6%
$95.5M32.0%
$140.5M22.3%
$114.9M1.4%
$116.5M8.7%
$107.2M20.8%
$135.4M
Free Cash Flow
$472.9M
$136.0M21.2%
$112.2M22.5%
$91.6M31.1%
$133.1M14.2%
$116.5M6.4%
$109.6M4.5%
$104.9M18.6%
$128.9M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
10.0x
Volatile
8Q: 38.0x+437%
Valuation Lenses
Earnings
10.0x
vs sector
Cash Flow
-3.1x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
P/E per %ROIC
ROIC: –
Shareholder Returns
Dividend
2.1%
Buyback
Total Yield
2.1%
Market Cap$4.13B
EV$-1.46B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
82/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
13.7%
8Q:
Return on Invested Capital (ROIC)
8Q:
vs Sector:0.1%

Earnings Quality

Cash Conversion

1.19x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover

Working Capital

Cash Conversion Cycle0 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
55/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
1.0%
OpInc Growth YoY
5.3%
EPS Growth YoY
0.8%
FCF 3Y CAGR
8.7%

Growth Quality Analysis

Efficient Growth: Free cash flow growing faster than revenue

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
Net
49.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+7.2 pts
FCF: 56.2% | Net: 49.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $5.51B
Interest Coverage
+Net cash position: $5.51B
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis