What is International Bancshares's earnings per share (EPS)?

International Bancshares (IBOC) reported diluted earnings per share of $6.62 for fiscal year 2025. This represents a 0.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

International Bancshares Financials

IBOC

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows International Bancshares (IBOC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IBOC FY2025 2026-05-07

Capital is compounding faster than profit, so this bank is becoming better cushioned even as returns normalize.

From FY2023 to FY2025, net income stayed near $412M while equity expanded from $2.4B to $3.3B and debt-to-equity fell from 5.2x to 4.1x; that combination explains why ROE eased from 16.8% to 12.7% even without an earnings drop, because capital accumulated faster than profit.

The balance sheet looks less stretched than a few years ago: liabilities were similar to FY2022 levels, but equity rose by about $1.2B through FY2025, largely via retained earnings. With FY2025 dividends of only $87M against $412M of net income, most profit stayed inside the company and strengthened loss-absorbing capital.

This is also a low fixed-asset business in accounting terms: FY2025 operating cash flow was $491M and free cash flow was $473M after only $18M of capital spending. That pattern has held for three straight years, which supports the view that earnings quality is being reinforced by cash generation rather than consumed by heavy reinvestment.

Financial Health Signals

Financial Profile 34/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of International Bancshares's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

International Bancshares's revenue grew a modest 2.3% year-over-year to $886.3M. This slow but positive growth earns a score of 42/100.

Leverage

International Bancshares has elevated debt relative to equity (D/E of 4.10), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 18/100, reflecting increased financial risk.

Cash Flow

100

International Bancshares converts 53.4% of revenue into free cash flow ($472.9M). This strong cash generation earns a score of 100/100.

Returns

International Bancshares's ROE of 12.7% shows moderate profitability relative to equity, earning a score of 42/100. This is down from 14.6% the prior year.

Piotroski F-Score Weak

3/9

International Bancshares passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.19x

For every $1 of reported earnings, International Bancshares generates $1.19 in operating cash flow ($491.1M OCF vs $412.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$886.3M

YoY+2.3%

5Y CAGR+15.7%

10Y CAGR+8.4%

International Bancshares generated $886.3M in revenue in fiscal year 2025. This represents an increase of 2.3% from the prior year.

EBITDA

N/A

Net Income

$412.3M

YoY+0.8%

5Y CAGR+19.8%

10Y CAGR+11.7%

International Bancshares reported $412.3M in net income in fiscal year 2025. This represents an increase of 0.8% from the prior year.

EPS (Diluted)

$6.62

YoY+0.8%

5Y CAGR+20.4%

10Y CAGR+12.4%

International Bancshares earned $6.62 per diluted share (EPS) in fiscal year 2025. This represents an increase of 0.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$472.9M

YoY+2.9%

5Y CAGR+9.6%

10Y CAGR+9.9%

International Bancshares generated $472.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 2.9% from the prior year.

Cash & Debt

$536.5M

YoY+52.1%

5Y CAGR-23.1%

10Y CAGR+7.0%

International Bancshares held $536.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.40

YoY+6.1%

5Y CAGR+4.9%

10Y CAGR+9.2%

International Bancshares paid $1.40 per share in dividends in fiscal year 2025. This represents an increase of 6.1% from the prior year.

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

46.5%

YoY-0.7pp

5Y CAGR+7.3pp

10Y CAGR+12.1pp

International Bancshares's net profit margin was 46.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.7 percentage points from the prior year.

Return on Equity

12.7%

YoY-2.0pp

5Y CAGR+5.0pp

10Y CAGR+4.5pp

International Bancshares's ROE was 12.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$4.6M

YoY+378.5%

5Y CAGR-37.6%

10Y CAGR-3.6%

International Bancshares spent $4.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 378.5% from the prior year.

Capital Expenditures

$18.1M

YoY+28.1%

5Y CAGR+21.9%

10Y CAGR-0.9%

International Bancshares invested $18.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 28.1% from the prior year.

IBOC Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$886.3M+2.3%	$866.0M+8.2%	$800.2M+52.2%	$525.8M+32.1%	$398.1M-6.8%	$427.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$153.3M+5.1%	$145.9M+8.6%	$134.4M+5.3%	$127.7M+3.4%	$123.5M-5.0%	$130.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$213.9M+2.2%	$209.3M+53.1%	$136.7M+258.2%	$38.2M+42.2%	$26.8M-31.4%	$39.1M
Income Tax	$108.1M+8.6%	$99.6M-10.9%	$111.7M+35.6%	$82.4M+20.5%	$68.4M+53.9%	$44.4M
Net Income	$412.3M+0.8%	$409.2M-0.6%	$411.8M+37.1%	$300.2M+18.2%	$253.9M+51.8%	$167.3M
EPS (Diluted)	$6.62+0.8%	$6.57-0.8%	$6.62+38.5%	$4.78+19.5%	$4.00+52.7%	$2.62

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$214.6M-4.1%	$223.9M-1.3%	$226.8M+2.6%	$221.0M+2.9%	$214.6M-0.4%	$215.6M-3.2%	$222.7M+3.2%	$215.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$39.1M+0.7%	$38.9M+3.3%	$37.6M-1.7%	$38.3M-0.9%	$38.6M+4.6%	$36.9M-1.7%	$37.5M+5.4%	$35.6M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$49.0M-6.6%	$52.4M-3.9%	$54.5M+2.0%	$53.5M+0.1%	$53.4M-2.2%	$54.6M-0.2%	$54.7M+6.4%	$51.4M
Income Tax	$27.2M-9.0%	$29.9M+6.4%	$28.1M+8.9%	$25.8M+6.6%	$24.2M+30.5%	$18.6M-31.7%	$27.2M-2.5%	$27.9M
Net Income	$102.2M-4.4%	$106.9M-1.4%	$108.4M+8.2%	$100.1M+3.4%	$96.9M-15.8%	$115.1M+15.3%	$99.8M+2.9%	$97.0M
EPS (Diluted)	$1.64	N/A	$1.74+8.1%	$1.61+3.2%	$1.56	N/A	$1.60+2.6%	$1.56

IBOC Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$16.6B+5.3%	$15.7B+4.5%	$15.1B-2.8%	$15.5B-3.4%	$16.0B+14.4%	$14.0B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$536.5M+52.1%	$352.7M-45.8%	$651.1M-68.8%	$2.1B-34.9%	$3.2B+60.7%	$2.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M
Total Liabilities	$13.3B+3.0%	$12.9B+2.6%	$12.6B-6.2%	$13.5B-2.0%	$13.7B+15.9%	$11.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.3B+16.3%	$2.8B+14.3%	$2.4B+19.7%	$2.0B-11.4%	$2.3B+6.0%	$2.2B
Retained Earnings	$3.7B+9.7%	$3.4B+10.8%	$3.0B+12.4%	$2.7B+9.1%	$2.5B+7.9%	$2.3B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$16.8B+1.5%	$16.6B+0.2%	$16.6B+0.5%	$16.5B+1.2%	$16.3B+3.4%	$15.7B-1.0%	$15.9B+2.6%	$15.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$585.9M+9.2%	$536.5M-9.0%	$589.3M-19.5%	$731.9M+24.2%	$589.5M+67.1%	$352.7M-54.8%	$779.8M-1.6%	$792.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M0.0%	$282.5M
Total Liabilities	$13.5B+1.6%	$13.3B-0.7%	$13.4B-0.1%	$13.4B+0.5%	$13.4B+3.3%	$12.9B-1.5%	$13.1B+1.8%	$12.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$3.3B+1.1%	$3.3B+4.0%	$3.1B+3.5%	$3.0B+4.4%	$2.9B+3.5%	$2.8B+1.7%	$2.7B+6.7%	$2.6B
Retained Earnings	$3.7B+1.5%	$3.7B+3.0%	$3.6B+1.8%	$3.5B+2.9%	$3.4B+1.6%	$3.4B+3.6%	$3.2B+1.8%	$3.2B

IBOC Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$491.1M+3.6%	$473.9M-0.1%	$474.4M+22.3%	$387.9M+33.0%	$291.7M-4.4%	$305.1M
Capital Expenditures	$18.1M+28.1%	$14.1M-48.6%	$27.5M+43.1%	$19.2M+84.9%	$10.4M+54.5%	$6.7M
Free Cash Flow	$472.9M+2.9%	$459.8M+2.9%	$446.9M+21.2%	$368.7M+31.1%	$281.3M-5.7%	$298.4M
Investing Cash Flow	-$591.7M+39.9%	-$985.1M+7.7%	-$1.1B-7.6%	-$992.0M-8.3%	-$915.9M-166.5%	-$343.7M
Financing Cash Flow	$284.5M+33.7%	$212.7M+125.2%	-$843.9M-63.1%	-$517.4M-128.2%	$1.8B+3.2%	$1.8B
Dividends Paid	$87.1M+6.1%	$82.1M+4.9%	$78.2M+3.8%	$75.4M+3.5%	$72.8M+4.2%	$69.9M
Share Buybacks	$4.6M+378.5%	$963K-79.1%	$4.6M-91.1%	$52.0M+7169.3%	$716K-98.5%	$48.9M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$120.7M-13.7%	$139.9M+21.5%	$115.2M+20.6%	$95.5M-32.0%	$140.5M+22.3%	$114.9M-1.4%	$116.5M+8.7%	$107.2M
Capital Expenditures	$4.7M+18.8%	$3.9M+34.5%	$2.9M-24.1%	$3.9M-47.6%	$7.4M+548.2%	-$1.6M-123.8%	$6.9M+195.2%	$2.3M
Free Cash Flow	$116.0M-14.7%	$136.0M+21.2%	$112.2M+22.5%	$91.6M-31.1%	$133.1M+17.5%	$113.2M+3.3%	$109.6M+4.5%	$104.9M
Investing Cash Flow	-$231.7M-144.3%	-$94.9M+51.1%	-$193.9M-601.1%	-$27.7M+90.0%	-$275.3M+28.0%	-$382.1M-51.5%	-$252.2M+5.6%	-$267.1M
Financing Cash Flow	$160.5M+263.9%	-$97.9M-53.3%	-$63.9M-185.6%	$74.6M-79.9%	$371.6M+332.3%	-$160.0M-229.6%	$123.4M+186.1%	$43.1M
Dividends Paid	$45.4M+4538900.0%	$1K-100.0%	$43.5M	$0-100.0%	$43.5M	$0-100.0%	$41.0M	$0
Share Buybacks	$60K-3.2%	$62K	$0	N/A	N/A	$221K-10.5%	$247K	$0

IBOC Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	46.5%-0.7pp	47.3%-4.2pp	51.5%-5.6pp	57.1%-6.7pp	63.8%+24.6pp	39.2%
Return on Equity	12.7%-2.0pp	14.6%-2.2pp	16.8%+2.1pp	14.7%+3.7pp	11.0%+3.3pp	7.7%
Return on Assets	2.5%-0.1pp	2.6%-0.1pp	2.7%+0.8pp	1.9%+0.4pp	1.6%+0.4pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.10-0.5	4.63-0.5	5.16-1.4	6.58+0.6	5.95+0.5	5.44
FCF Margin	53.4%+0.3pp	53.1%-2.8pp	55.9%-14.3pp	70.1%-0.5pp	70.7%+0.8pp	69.9%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	47.6%-0.1pp	47.7%-0.1pp	47.8%+2.5pp	45.3%+0.2pp	45.1%-8.3pp	53.4%+8.6pp	44.8%-0.2pp	45.0%
Return on Equity	3.1%-0.2pp	3.3%-0.2pp	3.5%+0.2pp	3.3%-0.0pp	3.4%-0.8pp	4.1%+0.5pp	3.6%-0.1pp	3.8%
Return on Assets	0.6%-0.0pp	0.6%0.0pp	0.7%+0.0pp	0.6%+0.0pp	0.6%-0.1pp	0.7%+0.1pp	0.6%0.0pp	0.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	4.12+0.0	4.10-0.2	4.29-0.2	4.45-0.2	4.620.0	4.63-0.2	4.78-0.2	5.01
FCF Margin	54.1%-6.7pp	60.7%+11.3pp	49.5%+8.0pp	41.5%-20.5pp	62.0%+9.5pp	52.5%+3.3pp	49.2%+0.6pp	48.6%

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Frequently Asked Questions

What is International Bancshares's annual revenue?

International Bancshares (IBOC) reported $886.3M in total revenue for fiscal year 2025. This represents a 2.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is International Bancshares's revenue growing?

International Bancshares (IBOC) revenue grew by 2.3% year-over-year, from $866.0M to $886.3M in fiscal year 2025.

Is International Bancshares profitable?

Yes, International Bancshares (IBOC) reported a net income of $412.3M in fiscal year 2025, with a net profit margin of 46.5%.

What is International Bancshares's net profit margin?

International Bancshares (IBOC) had a net profit margin of 46.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does International Bancshares pay dividends?

Yes, International Bancshares (IBOC) paid $1.40 per share in dividends during fiscal year 2025.

What is International Bancshares's return on equity (ROE)?

International Bancshares (IBOC) has a return on equity of 12.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is International Bancshares's free cash flow?

International Bancshares (IBOC) generated $472.9M in free cash flow during fiscal year 2025. This represents a 2.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is International Bancshares's operating cash flow?

International Bancshares (IBOC) generated $491.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are International Bancshares's total assets?

International Bancshares (IBOC) had $16.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are International Bancshares's capital expenditures?

International Bancshares (IBOC) invested $18.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does International Bancshares buy back shares?

Yes, International Bancshares (IBOC) spent $4.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is International Bancshares's debt-to-equity ratio?

International Bancshares (IBOC) had a debt-to-equity ratio of 4.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is International Bancshares's return on assets (ROA)?

International Bancshares (IBOC) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is International Bancshares's Piotroski F-Score?

International Bancshares (IBOC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are International Bancshares's earnings high quality?

International Bancshares (IBOC) has an earnings quality ratio of 1.19x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is International Bancshares?

International Bancshares (IBOC) scores 34 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.