NasdaqGS:IBOC

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International Bancshares

Executive Summary

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


Snowflake Analysis

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has International Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: IBOC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.3%

IBOC

-0.8%

US Banks

1.0%

US Market


1 Year Return

-27.5%

IBOC

-26.3%

US Banks

13.6%

US Market

Return vs Industry: IBOC matched the US Banks industry which returned -25.9% over the past year.

Return vs Market: IBOC underperformed the US Market which returned 14.2% over the past year.


Shareholder returns

IBOCIndustryMarket
7 Day-3.3%-0.8%1.0%
30 Day-10.6%-0.8%-0.4%
90 Day-8.5%-3.1%8.9%
1 Year-23.4%-27.5%-23.7%-26.3%16.2%13.6%
3 Year-18.6%-25.9%-15.1%-22.1%40.2%30.8%
5 Year31.7%14.8%21.7%6.6%89.6%68.2%

Price Volatility Vs. Market

How volatile is International Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is International Bancshares undervalued compared to its fair value and its price relative to the market?

37.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: IBOC ($29.13) is trading below our estimate of fair value ($46.12)

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


Price To Earnings Ratio

PE vs Industry: IBOC is poor value based on its PE Ratio (10.5x) compared to the US Banks industry average (9.8x).

PE vs Market: IBOC is good value based on its PE Ratio (10.5x) compared to the US market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate IBOC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: IBOC's PB Ratio (0.9x) is in line with the US Banks industry average.


Next Steps

Future Growth

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

27.4%

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.


Next Steps

Past Performance

How has International Bancshares performed over the past 5 years?

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IBOC has high quality earnings.

Growing Profit Margin: IBOC's current net profit margins (33.5%) are lower than last year (37.1%).


Past Earnings Growth Analysis

Earnings Trend: IBOC's earnings have grown by 10.7% 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 (-15.1%) over the past year, making it difficult to compare to the Banks industry average (-3.1%).


Return on Equity

High ROE: IBOC's Return on Equity (8.4%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: IBOC's Assets to Equity ratio (6.2x) is low.

Allowance for Bad Loans: IBOC has a sufficient allowance for bad loans (2305%).

Low Risk Liabilities: 90% 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 (56%).

Low Risk Deposits: IBOC's Loans to Deposits ratio (74%) is appropriate.

Level of Bad Loans: IBOC has an appropriate level of bad loans (0.1%).


Next Steps

Dividend

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

3.84%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IBOC's dividend (3.78%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: IBOC's dividend (3.78%) is low compared to the top 25% of dividend payers in the US market (4.65%).


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

Dividend Coverage: With its reasonably low payout ratio (39.7%), 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 and that it will be covered by earnings.


Next Steps

Management

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

7.9yrs

Average management tenure


CEO

Dennis Nixon (77 yo)

41.67yrs

Tenure

US$2,133,934

Compensation

Mr. Dennis Edward Nixon is Chairman at International Bancshares Corporation since 1992 and has been its President since 1979 and Director since 1975. Mr. Nixon served as Chief Financial Officer at Internat ...


CEO Compensation Analysis

Compensation vs Market: Dennis's total compensation ($USD2.13M) is below average for companies of similar size in the US market ($USD4.56M).

Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Dennis Nixon
Chairman & President41.67yrsUS$2.13m3.38%
$ 61.3m
Judith Wawroski
Treasurer & Principal Financial Officer2.75yrsUS$233.49k0.012%
$ 214.4k
Julie Tarvin
VP & President of IBC Service Centerno dataUS$246.94k0.019%
$ 344.7k
Rosa Eliza Gonzalez
Executive Vice President of Corporate Divisionsno datano datano data
Marisa Santos
Corporate Secretaryno datano datano data
Mike Sohn
CEO & President of International Bank of Commerce - San Antonio 8yrsno datano data
Derek Schmidt
CEO & President of International Bank of Commerce - Port Lavaca7.75yrsno datano data
Robert Barnes
CEO & President of Intl. Bank of Commerce - Austinno datano datano data
Ignacio Urrabazo
CEO & President of Commerce Bank – Laredono datano datano data
Harold Shockley
CEO & President of International Bank of Commerce - Corpus Christi12.08yrsno datano data
Hector Cerna
CEO & President of International Bank of Commerce - Eagle Passno datano datano data
Jay Rogers
President & CEO of International Bank of Commerce - Houston2.67yrsno datano data

7.9yrs

Average Tenure

55.5yo

Average Age

Experienced Management: IBOC's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Dennis Nixon
Chairman & President41.67yrsUS$2.13m3.38%
$ 61.3m
Antonio Sanchez
Director25.67yrsUS$13.50k5.75%
$ 104.3m
Irving Greenblum
Independent Director39.67yrsUS$28.10k0.89%
$ 16.1m
Douglas Howland
Independent Director10.08yrsUS$33.70k0.013%
$ 237.8k
Renato Ramirez
Chairman of Intl. Bank of Commerce - Zapatano datano datano data
Richard Bothe
Chairman of the Bank-Port Lavaca7.75yrsno datano data
Larry Norton
Independent Director10.08yrsUS$32.30k0.19%
$ 3.5m
Javier de Anda
Independent Director5yrsUS$30.10k0.047%
$ 846.7k
Roberto Reséndez
Independent Director5yrsUS$30.50k0.099%
$ 1.8m
Rudolph Miles
Director1.08yrsUS$23.30k0.025%
$ 445.8k

10.1yrs

Average Tenure

75yo

Average Age

Experienced Board: IBOC's board of directors are seasoned and experienced ( 10.1 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: IBOC insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

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


Key Information

  • Name: International Bancshares Corporation
  • Ticker: IBOC
  • Exchange: NasdaqGS
  • Founded: 1966
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.812b
  • Shares outstanding: 63.27m
  • 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
IBOC *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNAug 1995

Biography

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, ho ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/19 05:54
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.