International Bancshares Corporation (IBOC) Income Statement
IBOC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsIBOC revenue and net income
Where IBOC's revenue goes
2025Each bar shows an amount and its share of revenue. IBOC kept 39.1% of revenue as net income.
IBOC profit margins
IBOC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +1.0% | +13.9% | +12.8% | +6.7% |
| Gross profit | +2.8% | +8.1% | +10.8% | +5.5% |
| Operating income | +2.3% | +10.8% | +19.7% | +9.7% |
| Net income | +0.8% | +11.2% | +19.8% | +11.7% |
| EPS (diluted) | +0.8% | +11.5% | +20.5% | +12.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
IBOC quarterly EPS vs estimates
International Bancshares beat the analyst EPS estimate in 2 of the last 4 quarters. Next report: November 5, 2026 (estimate $1.58).
IBOC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.05B | $1.04B | $970.1M | $712.9M | $620.4M | $577.6M | $647.2M | $630.9M | $565.5M | $549.6M |
| Cost of revenue | $228.9M | $241.1M | $171.2M | $59.8M | $34.8M | $84.5M | $77.5M | $58.8M | $50.2M | $63.0M |
| Gross profit | $824.7M | $801.8M | $798.9M | $653.1M | $585.6M | $493.1M | $569.8M | $572.1M | $515.4M | $486.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $188.4M | $159.1M | $145.7M | $139.3M | $131.9M | $136.2M | $155.1M | $150.0M | $143.9M | $142.3M |
| Total operating expenses | $304.3M | $293.1M | $275.4M | $270.5M | $263.3M | $281.3M | $309.8M | $299.5M | $293.7M | $289.6M |
| Operating income | $520.4M | $508.7M | $523.5M | $382.6M | $322.3M | $211.8M | $260.0M | $272.6M | $221.6M | $197.0M |
| Interest income | $886.3M | $866.0M | $800.2M | $525.8M | $398.1M | $427.0M | $492.4M | $465.8M | $415.1M | $387.9M |
| Interest expense | $213.9M | $209.3M | $136.7M | $38.2M | $26.8M | $39.1M | $58.6M | $52.7M | $38.9M | $43.1M |
| Income before taxes | $520.4M | $508.7M | $523.5M | $382.6M | $322.3M | $211.8M | $260.0M | $272.6M | $221.6M | $197.0M |
| Income taxes | $108.1M | $99.6M | $111.7M | $82.4M | $68.4M | $44.4M | $54.9M | $56.7M | $64.2M | $63.1M |
| Net income | $412.3M | $409.2M | $411.8M | $300.2M | $253.9M | $167.3M | $205.1M | $215.9M | $157.4M | $133.9M |
| EBITDA | $543.7M | $531.2M | $545.5M | $404.5M | $347.4M | $240.1M | $288.2M | $298.5M | $246.9M | $221.9M |
| EPS (diluted) | $6.62 | $6.57 | $6.62 | $4.78 | $4.00 | $2.61 | $3.12 | $3.22 | $2.31 | $2.00 |
| Gross margin | 78.3% | 76.9% | 82.3% | 91.6% | 94.4% | 85.4% | 88.0% | 90.7% | 91.1% | 88.5% |
| Operating margin | 49.4% | 48.8% | 54.0% | 53.7% | 52.0% | 36.7% | 40.2% | 43.2% | 39.2% | 35.8% |
| Net margin | 39.1% | 39.2% | 42.4% | 42.1% | 40.9% | 29.0% | 31.7% | 34.2% | 27.8% | 24.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $264.1M | $257.3M | $270.6M | $272.6M | $261.6M | $251.6M | $262.9M | $266.5M | $259.2M | $254.3M | $256.2M | $249.6M |
| Cost of revenue | $60.4M | $52.0M | $58.0M | $56.4M | $57.9M | $56.7M | $56.1M | $63.3M | $60.2M | $61.5M | $51.9M | $47.3M |
| Gross profit | $203.7M | $205.3M | $212.7M | $216.3M | $203.8M | $194.9M | $206.8M | $203.2M | $199.0M | $192.9M | $204.3M | $202.2M |
| Sales, general & admin | $48.0M | $45.6M | $46.9M | $41.1M | $41.7M | $42.1M | $40.3M | $40.7M | $38.8M | $39.4M | $33.3M | $37.9M |
| Total operating expenses | $82.6M | $75.9M | $75.9M | $79.8M | $77.8M | $73.8M | $73.2M | $76.2M | $74.1M | $69.6M | $68.6M | $71.2M |
| Operating income | $121.1M | $129.4M | $136.8M | $136.5M | $126.0M | $121.1M | $133.7M | $127.0M | $124.9M | $123.2M | $135.7M | $131.0M |
| Interest income | $220.4M | $214.6M | $223.9M | $226.8M | $221.0M | $214.6M | $215.6M | $222.7M | $215.7M | $212.1M | $209.7M | $204.2M |
| Interest expense | $49.3M | $49.0M | $52.4M | $54.5M | $53.5M | $53.4M | $54.6M | $54.7M | $51.4M | $48.5M | $45.2M | $36.8M |
| Income before taxes | $121.1M | $129.4M | $136.8M | $136.5M | $126.0M | $121.1M | $133.7M | $127.0M | $124.9M | $123.2M | $135.7M | $131.0M |
| Income taxes | $25.3M | $27.2M | $29.9M | $28.1M | $25.8M | $24.2M | $18.6M | $27.2M | $27.9M | $25.9M | $29.4M | $27.8M |
| Net income | $95.8M | $102.2M | $106.9M | $108.4M | $100.1M | $96.9M | $115.1M | $99.8M | $97.0M | $97.3M | $106.4M | $103.3M |
| EBITDA | $127.3M | $135.6M | $143.3M | $142.2M | $131.4M | $126.7M | $139.2M | $132.6M | $130.6M | $128.9M | $141.3M | $136.5M |
| EPS (diluted) | $1.54 | $1.64 | $1.71 | $1.74 | $1.61 | $1.56 | $1.85 | $1.60 | $1.56 | $1.56 | $1.71 | $1.66 |
| Gross margin | 77.1% | 79.8% | 78.6% | 79.3% | 77.9% | 77.4% | 78.7% | 76.2% | 76.8% | 75.8% | 79.8% | 81.0% |
| Operating margin | 45.9% | 50.3% | 50.5% | 50.1% | 48.1% | 48.1% | 50.8% | 47.6% | 48.2% | 48.5% | 53.0% | 52.5% |
| Net margin | 36.3% | 39.7% | 39.5% | 39.8% | 38.3% | 38.5% | 43.8% | 37.4% | 37.4% | 38.3% | 41.5% | 41.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in IBOC's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
IBOC financial results
In fiscal year 2025 (ended December 31, 2025), International Bancshares reported revenue of $1.1 billion, up 1.0% from the year before. It had net income of $412.3 million (up 0.8%), a net profit margin of 39.1%. Diluted earnings per share came to $6.62. Over five years revenue grew at an average rate of 12.8% a year.
See the IBOC stock overview for the latest quote and news, or the IBOC chart for price history and technical indicators.
IBOC income statement FAQ
What is International Bancshares's annual revenue?
International Bancshares reported total revenue of $1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was up 1.0% from $1.0 billion the previous year.
Is International Bancshares profitable?
Yes. International Bancshares reported net income of $412.3 million in fiscal 2025, a net profit margin of 39.1%; its operating margin was 49.4%.
What is International Bancshares's gross margin?
International Bancshares's gross margin was 78.3% in fiscal 2025: for every $100 of revenue, International Bancshares kept $78 after the direct cost of its products and services.
How fast is International Bancshares growing?
Revenue grew 12.8% a year on average over the last five fiscal years, from $577.6 million to $1.1 billion.
What are International Bancshares's earnings per share?
International Bancshares earned $6.62 per diluted share in fiscal 2025, compared with $6.57 a year earlier.
When will International Bancshares report its next earnings?
International Bancshares is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does International Bancshares's fiscal year end?
International Bancshares's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.