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IBOC

International Bancshares NasdaqGS:IBOC Stock Report

Last Price

US$43.48

Market Cap

US$2.7b

7D

-2.4%

1Y

3.6%

Updated

28 Sep, 2022

Data

Company Financials
IBOC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health6/6
Dividends4/6

IBOC Stock Overview

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services.

International Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for International Bancshares
Historical stock prices
Current Share PriceUS$43.48
52 Week HighUS$46.67
52 Week LowUS$38.00
Beta1.07
1 Month Change4.07%
3 Month Change8.48%
1 Year Change3.62%
3 Year Change16.63%
5 Year Change7.09%
Change since IPO1,013.58%

Recent News & Updates

Aug 09
International Bancshares (NASDAQ:IBOC) Will Pay A Dividend Of $0.60

International Bancshares (NASDAQ:IBOC) Will Pay A Dividend Of $0.60

The board of International Bancshares Corporation ( NASDAQ:IBOC ) has announced that it will pay a dividend of $0.60...

Aug 04

International Bancshares GAAP EPS of $0.92

International Bancshares press release (NASDAQ:IBOC): Q2 GAAP EPS of $0.92. Total assets at June 30, 2022 were $16.3 billion compared to $16.0 billion at Dec. 31, 2021. Total net loans were $6.9 billion at June 30, 2022 compared to $7.1 billion at Dec. 31, 2021. Deposits were $12.9 billion at June 30, 2022 compared to $12.6 billion at Dec. 31, 2021.

May 27
Is Now The Time To Put International Bancshares (NASDAQ:IBOC) On Your Watchlist?

Is Now The Time To Put International Bancshares (NASDAQ:IBOC) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Shareholder Returns

IBOCUS BanksUS Market
7D-2.4%-4.5%-2.0%
1Y3.6%-23.8%-20.3%

Return vs Industry: IBOC exceeded the US Banks industry which returned -24.8% over the past year.

Return vs Market: IBOC exceeded the US Market which returned -22.1% over the past year.

Price Volatility

Is IBOC's price volatile compared to industry and market?
IBOC volatility
IBOC Average Weekly Movement3.2%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: IBOC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: IBOC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19662,181n/ahttps://www.ibc.com

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services.

International Bancshares Fundamentals Summary

How do International Bancshares's earnings and revenue compare to its market cap?
IBOC fundamental statistics
Market CapUS$2.71b
Earnings (TTM)US$222.59m
Revenue (TTM)US$546.00m

12.2x

P/E Ratio

1.3x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IBOC income statement (TTM)
RevenueUS$546.00m
Cost of RevenueUS$0
Gross ProfitUS$546.00m
Other ExpensesUS$323.42m
EarningsUS$222.59m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.58
Gross Margin100.00%
Net Profit Margin40.77%
Debt/Equity Ratio51.7%

How did IBOC perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

34%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is IBOC undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IBOC?

Other financial metrics that can be useful for relative valuation.

IBOC key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does IBOC's PE Ratio compare to its peers?

IBOC PE Ratio vs Peers
The above table shows the PE ratio for IBOC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.3x
BKU BankUnited
8x-1.4%US$2.7b
FULT Fulton Financial
10.4x13.6%US$2.7b
IBTX Independent Bank Group
12.7x6.3%US$2.6b
TCBI Texas Capital Bancshares
18.3x6.5%US$3.0b
IBOC International Bancshares
12.2xn/aUS$2.7b

Price-To-Earnings vs Peers: IBOC is good value based on its Price-To-Earnings Ratio (12.2x) compared to the peer average (12.3x).


Price to Earnings Ratio vs Industry

How does IBOC's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: IBOC is expensive based on its Price-To-Earnings Ratio (12.2x) compared to the US Banks industry average (9.5x)


Price to Earnings Ratio vs Fair Ratio

What is IBOC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IBOC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate IBOC's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of IBOC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IBOC ($43.48) is trading below our estimate of fair value ($77.5)

Significantly Below Fair Value: IBOC is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is International Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


10.6%

Forecasted Banks industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as International Bancshares has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Discover growth companies

  • Examine whether International Bancshares is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has International Bancshares performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IBOC has high quality earnings.

Growing Profit Margin: IBOC's current net profit margins (40.8%) are lower than last year (41.8%).


Past Earnings Growth Analysis

Earnings Trend: IBOC's earnings have grown by 7.2% per year over the past 5 years.

Accelerating Growth: IBOC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: IBOC had negative earnings growth (-4.8%) over the past year, making it difficult to compare to the Banks industry average (8.7%).


Return on Equity

High ROE: IBOC's Return on Equity (10.6%) is considered low.


Discover strong past performing companies

Financial Health

How is International Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: IBOC's Assets to Equity ratio (7.8x) is low.

Allowance for Bad Loans: IBOC has a sufficient allowance for bad loans (7166%).

Low Risk Liabilities: 91% of IBOC's liabilities are made up of primarily low risk sources of funding.

Loan Level: IBOC has an appropriate level of Loans to Assets ratio (42%).

Low Risk Deposits: IBOC's Loans to Deposits ratio (53%) is appropriate.

Level of Bad Loans: IBOC has an appropriate level of bad loans (0%).


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Dividend

What is International Bancshares's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.76%

Current Dividend Yield

Dividend Yield vs Market

International Bancshares Dividend Yield vs Market
How does International Bancshares dividend yield compare to the market?
SegmentDividend Yield
Company (International Bancshares)2.8%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.6%
Industry Average (Banks)3.4%
Analyst forecast in 3 Years (International Bancshares)n/a

Notable Dividend: IBOC's dividend (2.76%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: IBOC's dividend (2.76%) is low compared to the top 25% of dividend payers in the US market (4.69%).


Stability and Growth of Payments

Stable Dividend: IBOC's dividends per share have been stable in the past 10 years.

Growing Dividend: IBOC's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (34.1%), IBOC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.8yrs

Average management tenure


CEO

International Bancshares has no CEO, or we have no data on them.


Leadership Team

Experienced Management: IBOC's management team is seasoned and experienced (9.8 years average tenure).


Board Members

Experienced Board: IBOC's board of directors are considered experienced (9.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

What is the ownership structure of IBOC?
Owner TypeNumber of SharesOwnership Percentage
Private Companies767,4391.2%
Individual Insiders6,134,1329.9%
General Public10,308,90416.6%
Institutions45,031,65072.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 69.52% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.29%
BlackRock, Inc.
6,406,475$278.6m4.65%0.01%
9.84%
The Vanguard Group, Inc.
6,123,122$266.2m-0.74%0.01%
6.95%
Dimensional Fund Advisors LP
4,325,080$188.1m2.29%0.05%
6.18%
Wellington Management Group LLP
3,849,343$167.4m16.54%0.03%
5.62%
Antonio Sanchez
3,496,799$152.0m-0.4%no data
3.83%
State Street Global Advisors, Inc.
2,384,952$103.7m-7.07%0.01%
3.76%
Dennis Nixon
2,341,900$101.8m0%no data
3.75%
A.R. Tony and Maria J. Sanchez Family Foundation, Endowment Arm
2,331,629$101.4m-11.4%100%
2.2%
Charles Schwab Investment Management, Inc.
1,366,797$59.4m4.54%0.02%
1.89%
Polaris Capital Management, LLC
1,179,106$51.3m-2.29%0.68%
1.75%
Assenagon Asset Management S.A.
1,091,234$47.4m11.49%0.16%
1.66%
Geode Capital Management, LLC
1,033,752$44.9m1.6%0.01%
1.38%
Northern Trust Global Investments
861,415$37.5m-0.83%0.01%
1.23%
Sanchez Management Corporation
767,439$33.4m0%no data
1.14%
BNY Mellon Asset Management
708,329$30.8m-3.59%0.01%
1.09%
Goldman Sachs Asset Management, L.P.
675,553$29.4m-3.76%0.01%
0.98%
AQR Capital Management, LLC
610,144$26.5m-10.35%0.06%
0.92%
Citadel Advisors LLC
573,561$24.9m9.08%0.04%
0.9%
Deutsche Asset & Wealth Management
557,461$24.2m1637.61%0.01%
0.85%
Tamar Securities, LLC
530,723$23.1m1.66%7.77%
0.82%
Reinhart Partners, Inc.
512,290$22.3m10.89%1.28%
0.82%
Norges Bank Investment Management
511,257$22.2m0%no data
0.62%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
386,877$16.8m-5.6%0.01%
0.57%
Kennedy Capital Management, Inc.
353,255$15.4m-1.17%0.44%
0.47%
American Century Investment Management Inc
290,931$12.6m27.05%0.01%

Company Information

International Bancshares Corporation's employee growth, exchange listings and data sources


Key Information

  • Name: International Bancshares Corporation
  • Ticker: IBOC
  • Exchange: NasdaqGS
  • Founded: 1966
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.706b
  • Shares outstanding: 62.24m
  • Website: https://www.ibc.com

Number of Employees


Location

  • International Bancshares Corporation
  • 1200 San Bernardo Avenue
  • Laredo
  • Texas
  • 78042-1359
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBOCNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDAug 1995
IB4DB (Deutsche Boerse AG)YesCommon SharesDEEURAug 1995

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/28 00:00
End of Day Share Price2022/09/28 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.