IBOC
International Bancshares Corporation
NASDAQ: IBOC · FINANCIAL SERVICES · BANKS - REGIONAL
$72.96
+0.05% today
Updated 2026-06-05
Market cap
$4.76B
P/E ratio
11.42
P/S ratio
5.68x
EPS (TTM)
$6.70
Dividend yield
1.89%
52W range
$60 – $77
Volume
0.3M
International Bancshares Corporation (IBOC) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed IBOC price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$72.96
Today
Analyst consensus
$85.00
+16.50% · 12M
2030 Base
$141.86
+94.44% future
NPV today
$97.81
@ 8% WACC
1 analysts:
0 Buy0 Hold0 Sell
Management guidance
No specific revenue targets or guidance thresholds disclosed in recent filings. Management emphasized balance sheet discipline, cost control, AI efficiency initiatives, and continued focus on cross-border trade and Hispanic/Mexico deposit markets. 2025 revenue of $827.08M represents modest 3.15% YoY growth; Q1 2026 showed +2.2% YoY growth to $257.28M quarterly revenue.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
IBOC · International Bancshares Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$108.92
NPV today: $75.10
Base case (2030)
$141.86
NPV today: $97.81
Bull case (2030)
$174.79
NPV today: $120.51
WallStSmart.com
IBOC financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $1.1B | $0.9B | $0.9B | $0.9B | $1.0B | $1.0B |
| Revenue growth | 1.0% | 3.4% | 4.0% | 4.6% | 4.9% | 4.9% |
| Net margin | — | 50.0% | 50.7% | 51.3% | 52.0% | 52.6% |
| EPS | $6.62 | $6.87 | $7.25 | $7.68 | $8.16 | $8.67 |
| Diluted shares | — | 62M | 62M | 62M | 62M | 62M |
| Net debt | — | $-4.85B | $-5.06B | $-5.28B | $-5.51B | $-5.75B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $119.32 | $124.31 | $129.79 | $135.69 | $141.86 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.0B | $1.0B | $1.0B |
| P/S multiple | 1.0x | 3.0x | 5.0x |
| Diluted shares | 62M | 62M | 62M |
| Net debt | $-5.75B | $-5.75B | $-5.75B |
| Implied P/E † | 13x | 16x | 20x |
| 2030 Price | $108.92 | $141.86 | $174.79 |
| NPV @ 8% | $75.10 | $97.81 | $120.51 |
† Implied P/E: Multiples remain elevated across all three scenarios because IBOC is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $141.86 base case
IBOC catalysts and risks
Growth catalysts
+ Cross-border trade expansion and increased market share in Mexico/Hispanic banking segments
+ AI-driven operational efficiency gains reducing cost-to-income ratios
+ Dividend growth consistency (4.3% increase to $0.73 in Feb 2026; 60+ years of positive earnings)
+ Regional loan and investment portfolio expansion in Texas/Oklahoma footprint
Key risks
- Highly mature regional bank with low organic growth headroom; limited TAM expansion
- Interest rate sensitivity and net interest margin compression in low-rate environment
- Geographic concentration risk in Texas/Oklahoma and Mexico-linked deposits
- Single analyst coverage creates consensus fragility; minimal Wall Street attention
Methodology · International Bancshares Corporation 2030 stock forecast model
International Bancshares Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 1 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (0% cumulative for IBOC by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-5.75B by 2030) |
| 3. Time value | NPV calculated using 8% WACC (CAPM: beta 0.705) |
| 4. Multiple framework | P/S compresses with scale: bear 1.0x / base 3.0x / bull 5.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
IBOC price target FAQ
What is the IBOC price target for 2030?
WallStSmart's International Bancshares Corporation 2030 base case is $141.86 per share, with a bull case of $174.79 and bear case of $108.92. The NPV of the base case discounted to today at 8% WACC is $97.81.
How is the International Bancshares Corporation 2030 stock forecast calculated?
The IBOC 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the IBOC price target account for dilution?
International Bancshares Corporation is projected to grow diluted share count from 62M to 62M by 2030 (a 0% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 0%.
What is the analyst consensus on IBOC stock?
1 analysts cover IBOC with an average 12-month price target of $85.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.