IBOC
International Bancshares CorporationFinancial Services·Banks - Regional
$72.16
$4.5B market cap
Revenue
$527.9M
Free Cash Flow
$252.0M
Rev Growth
+0.0%
FCF Margin
47.7%
P/FCF
17.8x
EV/FCF
18.4x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
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. In addition, it offers other banking related services, such as credit cards, s
2-Year Price History
$72.78+33.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 257.3 | 135.6 | 129.4 | 102.2 | 120.7 | 116.1 | -4.7 | 585.9 | 724.0 | 62.3 | 22.7% | 2.8x | -- |
| Act | 2025-Q4 | 270.6 | 143.3 | 136.8 | 106.9 | 139.9 | 136.0 | -3.9 | 536.5 | 704.7 | 62.3 | 24.3% | 2.7x | -- |
Valuation & Metrics
Market Stats
Price$72.16
Market Cap$4.5B
Enterprise Value$4.6B
P/S Ratio8.5x
P/FCF17.8x
EV/FCF18.4x
FCF Margin (TTM)47.7%
FCF Yield5.6%
Dividend Yield (TTM)3.0%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$527.9M
Net Income$209.1M
Free Cash Flow$252.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin52.8%
Net Margin39.6%
FCF Margin47.7%
CapEx % of Revenue1.6%
SBC % of Revenue0.0%
ROIC23.5%
WC Change % Rev-0.5%
Interest Coverage2.8x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares1.6M
Days to Cover6.3
Change (vs Prior)+13.4%
Need at least 2 settlement dates for chart
Employees
Headcount2,103
Revenue / Employee$251,035
Gross Profit / Employee$198,753
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
31.3%(+3.2% YoY)
268 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
31.5%(+1.1% YoY)
12 filers
Vanguard, iShares, SPDR
Market makers
1.6%(+0.3% YoY)
9 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| BlackRock, Inc.Passive | $447M | $58.01 | −$4.4M | −$13.1M | -0.2% | $5.69T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $229M | $67.29 | +$229M | +$229M | — | $1.91T |
| AMERICAN CENTURY COMPANIES INC | $217M | $59.07 | +$2.0M | +$54.5M | +0.7% | $193.48B |
| DIMENSIONAL FUND ADVISORS LPPassive | $214M | $39.49 | +$637K | −$18.6M | -0.4% | $480.92B |
| STATE STREET CORPPassive | $177M | $55.50 | +$10.9M | −$6.3M | -0.2% | $2.89T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $167M | $67.29 | +$167M | +$167M | — | $4.04T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $100M | $52.24 | +$3.7M | +$6.1M | +2.3% | $1.61T |
| Azora Capital LP | $88.3M | $49.95 | −$14.2M | +$24.6M | +0.9% | $1.52B |
| T. Rowe Price Investment Management, Inc. | $78.2M | $62.09 | +$4.8M | +$52.5M | -1.3% | $145.22B |
| FIRST TRUST ADVISORS LP | $76.5M | $52.69 | −$15.2M | −$6.3M | +0.1% | $139.72B |
| BTIM Corp. | $73.2M | $49.69 | −$7.0M | −$20.9M | -0.6% | $12.16B |
| GOLDMAN SACHS GROUP INC | $62.2M | $60.79 | +$22.4M | +$25.3M | -0.2% | $760.93B |
| Tamar Securities, LLCMM | $50.9M | $57.92 | +$1.3M | +$2.6M | -0.2% | $932M |
| REINHART PARTNERS, INC. | $50.2M | $49.99 | +$428K | −$2.2M | -0.7% | $3.48B |
| MILLENNIUM MANAGEMENT LLC | $47.9M | $62.97 | +$10.7M | +$26.9M | -0.5% | $127.40B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $47.4M | $53.12 | −$106M | −$96.8M | +0.7% | $645.81B |
| NORTHERN TRUST CORPPassive | $44.9M | $54.31 | +$1.4M | −$9.7M | -0.2% | $755.34B |
| PRICE T ROWE ASSOCIATES INC /MD/ | $36.7M | $66.09 | +$18.6M | +$33.9M | -0.2% | $864.93B |
| AQR CAPITAL MANAGEMENT LLC | $33.4M | $59.80 | −$384K | +$11.3M | -0.2% | $218.19B |
| Polaris Capital Management, LLC | $31.2M | $36.43 | −$962K | −$10.1M | -0.1% | $1.22B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-0.02%
avg per quarter
Holders (ex-self)
-0.02%
excl. this stock
Buyers (this Q)
-0.15%
157 buyers · $0.66B in
Sellers (this Q)
+0.44%
81 sellers · $0.18B out
alpha coverage: 85% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-3.5%
how holders react when this stock falls
On quiet Qs
-1.8%
−10% to +10% baseline
On rallies (+10%+)
-13.0%
how they react when this stock rises
Holders' portfolio flow this Q
+1.3%
inflows — adds are organic
Sellers' portfolio flow this Q
+2.6%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
CHARLES SCHWAB INVESTMENT MANAGEMENT INC−$106Mα+0.7FIRST TRUST ADVISORS LP−$15.2Mα+0.1Azora Capital LP−$14.2Mα+0.9SOL Capital Management COexited−$13.3MProShare Advisors LLC−$9.1Mα-0.7BTIM Corp.−$7.0Mα-0.6BlackRock, Inc.−$4.4Mα-0.2HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDexited−$4.0MMirae Asset Global Investments Co., Ltd.exited−$3.2MHSBC HOLDINGS PLCexited−$1.5M
New buyers this quarter
Top-5 holders · 44.5%
BlackRock, Inc.--
VANGUARD PORTFOLIO MANAGEMENT LLC--
AMERICAN CENTURY COMPANIES INC--
DIMENSIONAL FUND ADVISORS LP--
STATE STREET CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
AMERICAN CENTURY COMPANIES INC3.2MWELLINGTON MANAGEMENT GROUP LLP—CHARLES SCHWAB INVESTMENT MANAGEMENT INC704KAzora Capital LP1.3MBTIM Corp.1.1MFIRST TRUST ADVISORS LP1.1MNorth Reef Capital Management LP—T. Rowe Price Investment Management, Inc.1.2MGOLDMAN SACHS GROUP INC924KPolaris Capital Management, LLC463K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (1 analysts)$85.001780.0%
Current Price$72.16
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$720K
1 txn · 1 insider · 10,000 sh
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$8.31M
2 txns · 1 insider · 120,000 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-21 | SELL | Norton Larry A | director | 10,000 | $72.00 | $720K | $8.06M |
| 2025-08-15 | SELL | SANCHEZ ANTONIO R JR | director, 10 percent owner: | 40,000 | $68.12 | $2.72M | $30.48M |
| 2025-08-14 | SELL | SANCHEZ ANTONIO R JR | director, 10 percent owner: | 80,000 | $69.83 | $5.59M | $34.04M |
Order Flow (FINRA, ~3w lag)
10.4%retail-2.0pp
25.2%dark+1.6pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
International Bancshares Corporation: Sturdy Capital Buffer vs. Aggressive Provisioning and CRE Concentration
Overall Risk
4/10
Fraud
2/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
4/10
Hidden Liabilities
3/10
Legal
2/10
Audit Warnings
2/10
Hidden Upside
5/10
Contextually Acceptable
8/10