International Bancshares (IBOC) financial statements
International Bancshares reported revenue of $842M in fiscal 2025, up 5.8% a year over 9 years.
Net income was $412M.
Free cash flow was $473M, and the company returned $87M in dividends and $5M in net buybacks.
The diluted share count fell 6% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from International Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $506M | $527M | $578M | $589M | $538M | $594M | $675M | $833M | $834M | $842M |
| Interest expense | $43M | $39M | $53M | $59M | $39M | $27M | $38M | $137M | — | — |
| Pre-tax income | $197M | $222M | $273M | $260M | $212M | $322M | $383M | $524M | $509M | $520M |
| Income tax | $63M | $64M | $57M | $55M | $44M | $68M | $82M | $112M | $100M | $108M |
| Net income | $134M | $157M | $216M | $205M | $167M | $254M | $300M | $412M | $409M | $412M |
| EPS (diluted) | $2.02 | $2.36 | $3.24 | $3.12 | $2.62 | $4.00 | $4.78 | $6.62 | $6.57 | $6.62 |
| Diluted shares | 66M | 67M | 67M | 66M | 64M | 63M | 63M | 62M | 62M | 62M |
| Net margin | 26.4% | 29.9% | 37.3% | 34.8% | 31.1% | 42.8% | 44.5% | 49.4% | 49.1% | 49.0% |
Balance sheet
Fiscal years, from International Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $269M | $265M | $317M | $257M | $5.1B | $7.4B | $6.5B | $5.5B | $5.4B | $5.5B |
| Property, plant and equipment | $528M | $514M | $507M | $507M | $480M | $447M | $432M | $437M | $428M | $423M |
| Goodwill | $283M | $283M | $283M | $283M | $283M | $283M | $283M | $283M | $283M | $283M |
| Total assets | $11.8B | $12.2B | $11.9B | $12.1B | $14.0B | $16.0B | $15.5B | $15.1B | $15.7B | $16.6B |
| Total liabilities | $10.1B | $10.3B | $9.9B | $10.0B | $11.9B | $13.7B | $13.5B | $12.6B | $12.9B | $13.3B |
| Shareholders' equity | $1.7B | $1.8B | $1.9B | $2.1B | $2.2B | $2.3B | $2.0B | $2.4B | $2.8B | $3.3B |
| Net debt | -$269M | -$265M | -$317M | -$257M | -$2.0B | -$3.2B | -$2.1B | -$651M | -$353M | -$536M |
Cash flow
Fiscal years, from International Bancshares's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $203M | $197M | $230M | $312M | $305M | $292M | $388M | $474M | $474M | $491M |
| Capital spending | $39M | $14M | $21M | $30M | $7M | $10M | $19M | $27M | $14M | $18M |
| Free cash flow | $164M | $183M | $208M | $282M | $298M | $281M | $369M | $447M | $460M | $473M |
| Stock-based compensation | $1M | $903,000 | $1M | $980,000 | $743,000 | $506,000 | $449,000 | $330,000 | $214,000 | $104,000 |
| Dividends paid | $40M | $44M | $50M | $69M | $70M | $73M | $75M | $78M | $82M | $87M |
| Share buybacks (net) | -$8M | -$187,000 | -$19M | -$18M | -$49M | -$716,000 | -$52M | -$5M | -$963,000 | -$5M |
| Net borrowing | -$1M | — | — | -$26M | — | — | — | -$26M | — | — |
| Free cash flow margin | 32.5% | 34.7% | 36.1% | 47.9% | 55.4% | 47.4% | 54.6% | 53.6% | 55.2% | 56.2% |
| Dividends per share | $0.60 | $0.65 | $0.74 | $1.05 | $1.10 | $1.15 | $1.20 | $1.26 | $1.32 | $1.40 |
Questions
What was International Bancshares's revenue in 2025?
$842M in fiscal 2025, from its 10-K filing.
How much free cash flow does International Bancshares generate?
$473M in fiscal 2025 (operating cash flow minus capital spending).
From International Bancshares's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.