International Bancshares Corporation
NASDAQ: IBOC · FINANCIAL SERVICES · BANKS - REGIONAL
Updated 2026-06-05
International Bancshares Corporation (IBOC) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $155.74M | $183.39M | $154.10M | $141.77M | $178.16M | $180.82M | $160.01M | $209.13M | $193.04M | $203.65M | $203.22M | $196.82M | $229.85M | $311.56M | $305.13M | $291.68M | $387.94M | $474.43M | $473.95M | $491.06M |
| Capital expenditures | $68.68M | $80.61M | $69.61M | $61.27M | $16.19M | $20.57M | $62.31M | $50.02M | $50.36M | $19.83M | $38.86M | $14.31M | $21.39M | $29.59M | $6.72M | $10.39M | $19.21M | $27.50M | $14.15M | $18.12M |
| Depreciation | $40.57M | $39.42M | $42.77M | $41.47M | $40.68M | $40.23M | $31.41M | $30.65M | $26.40M | $25.65M | $24.87M | $25.31M | $25.87M | $28.27M | $28.32M | $25.03M | $21.82M | $21.94M | $22.52M | — |
| Stock-based comp | $-10.11M | $771000.00 | $692000.00 | $655000.00 | $534000.00 | $387000.00 | $474000.00 | $414000.00 | $1.06M | $1.17M | $1.08M | $903000.00 | $1.03M | $980000.00 | $743000.00 | $506000.00 | $449000.00 | $330000.00 | $214000.00 | $104000.00 |
| Free cash flow | $87.06M | $102.78M | $84.49M | $80.49M | $161.97M | $160.26M | $97.70M | $159.11M | $142.68M | $183.82M | $164.36M | $182.50M | $208.45M | $281.98M | $298.41M | $281.29M | $368.73M | $446.94M | $459.80M | $472.94M |
| Investing cash flow | $-724.92M | $-88.91M | $-1.25B | $679.15M | $-255.44M | $207.13M | $-261.02M | $-447.65M | $-90.40M | $373.23M | $-137.76M | $-403.81M | $379.44M | $-318.06M | $-343.70M | $-915.89M | $-992.03M | $-1.07B | $-985.06M | — |
| Financing cash flow | $408.27M | $-45.63M | $1.05B | $-895.00M | $50.46M | $-323.88M | $122.22M | $230.21M | $-122.28M | $-558.97M | $-69.31M | $203.15M | $-557.85M | $-53.48M | $1.78B | $1.84B | $-517.43M | $-843.89M | $212.71M | — |
| Dividends paid | $44.17M | $44.77M | $45.25M | $32.92M | $35.24M | $36.45M | $37.15M | $28.89M | $34.76M | $38.52M | $39.57M | $43.59M | $49.60M | $68.67M | $69.93M | $72.84M | $75.38M | $78.25M | $82.08M | $87.06M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | $-26.82M | $64.07M | $21.21M | $-8.31M | $-19.64M | $17.91M | $-3.85M | $-3.84M | $51.44M | $-59.98M | $1.74B | $1.21B | $-1.12B | — | — | — |
Frequently asked questions
What is International Bancshares Corporation's revenue?
International Bancshares Corporation's trailing twelve-month revenue is $837.62M, and consensus projects about $1.02B by 2030. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is IBOC?
In its most recent fiscal year, IBOC ran a gross margin of 78.27%, an operating margin of 49.39%, and a net margin of 39.13%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does IBOC generate?
IBOC produced $472.94M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is IBOC's balance sheet healthy?
IBOC holds $536.49M in cash and equivalents against $119.20M in long-term debt, on $3.25B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.