International Bancshares (IBOC)

IBC Bank and Commerce Bank are divisions of International Bancshares Corporation, a $13.6 billion multi-bank financial holding company headquartered in Laredo, Texas, with 187 facilities and 281 ATMs serving 88 communities in Texas and Oklahoma. IBC Bank's slogan 'We Do More' reflects the bank's dedication to the growth and success of the customers and the communities it has been serving since 1966.

Company profile

Ticker

IBOC

Exchange

NASDAQ

Website

www.ibc.com

CEO

Dennis E. Nixon

Incorporated

Texas

Location

Texas

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • State Street • Citizens Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • First Citizens Bancshares, Inc • SVB Financial • Commerce Bancshares ...

SEC CIK

0000315709

Corporate docs

Articles of Incorporation & Bylaws

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

IBC Trading Company • IBC Capital Corporation • IBC Charitable and Community Development Corporation • Diamond Beach Holdings, LLC • Gulfstar Merchant Banking I, Ltd. • Gulfstar Merchant Banking II, Ltd. • Gulfstar Merchant Banking III, Ltd. • Gulfstar Merchant Banking IV, Ltd. ...

IRS number

742157138

IBOC stock data

1M 1Y 5Y

Press releases

From Benzinga Pro

International Bancshares Corporation Announces Cash Dividend

4 Aug 22

International Bancshares Corporation (NASDAQ:IBOC) announced today that on Aug. 2, 2022, IBC's Board of Directors approved the declaration of a .60 cents per share cash dividend for shareholders of record of Common

IBC Reports Strong Earnings

4 Aug 22

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the first six months of 2022 of $111.5 million or $1.76 diluted earnings

Calendar

4 Aug 22

19 Aug 22

31 Dec 22

Financial summary

Financial statements Chart IBOC financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	3.42B	3.42B	3.42B	3.42B	3.42B	3.42B
Cash burn (monthly)	10.49M	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	17.63M	n/a	n/a	n/a	n/a	n/a
Cash remaining	3.4B	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	323.9	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

IBOC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
11 Aug 22	Judith I Wawroski	Common Stock	Option exercise	Acquire M	No	No	16.84	87	1.47K	9,297
11 Aug 22	Judith I Wawroski	Common Stock	Option exercise	Acquire M	No	No	38.3	488	18.69K	9,210
11 Aug 22	Judith I Wawroski	EMPLOYEE STOCK OPTION COMMON STOCK	Option exercise	Dispose M	No	No	16.84	87	1.47K	0
11 Aug 22	Judith I Wawroski	EMPLOYEE STOCK OPTION COMMON STOCK	Option exercise	Dispose M	No	No	38.3	488	18.69K	0
4 Aug 22	Sanchez Antonio R JR	Common Stock	Other	Dispose J	Yes	No	0	14,000	0	1,632,245
25 Feb 22	Dennis E Nixon	COMMON STOCK	Gift	Acquire G	Yes	No	0	799	0	283,564
25 Feb 22	Dennis E Nixon	COMMON STOCK	Gift	Dispose G	No	No	0	799	0	658,336
8 Feb 22	Judith I Wawroski	COMMON STOCK	Option exercise	Acquire M	No	No	38.3	487	18.65K	8,722
8 Feb 22	Judith I Wawroski	EMPLOYEE STOCK OPTION COMMON STOCK	Option exercise	Dispose M	No	No	38.3	487	18.65K	0

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

IBOC institutional ownership history Ownership history

66.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	174	199	-12.6%
Opened positions	9	30	-70.0%
Closed positions	34	14	+142.9%
Increased positions	64	72	-11.1%
Reduced positions	72	71	+1.4%

13F shares	Current	Prev Q	Change
Total value	1.66B	1.77B	-6.3%
Total shares	41.36M	41.83M	-1.1%
Total puts	13K	13K	–
Total calls	44.7K	55.3K	-19.2%
Total put/call ratio	0.3	0.2	+23.7%

Largest owners	Shares	Value	Change
BLK Blackrock	6.41M	$256.77M	+4.6%
Vanguard	6.12M	$245.42M	-0.7%
Dimensional Fund Advisors	4.33M	$173.35M	+2.3%
Wellington Management	3.85M	$154.28M	+16.5%
STT State Street	2.38M	$95.59M	-7.1%
Charles Schwab Investment Management	1.37M	$54.78M	+4.5%
Polaris Capital Management	1.18M	$47.26M	-2.3%
Assenagon Asset Management	1.09M	$43.74M	+11.5%
Geode Capital Management	1.03M	$41.43M	+1.6%
NTRS Northern Trust	861.42K	$34.53M	-0.8%

Largest transactions	Shares	Bought/sold	Change
Azora Capital	128.21K	-559.79K	-81.4%
Wellington Management	3.85M	+546.18K	+16.5%
DB Deutsche Bank AG - Registered Shares	557.46K	+525.38K	+1637.6%
Basswood Capital Management, L.L.C.	0	-297.49K	EXIT
BLK Blackrock	6.41M	+284.63K	+4.6%
Healthcare Of Ontario Pension Plan Trust Fund	0	-194.3K	EXIT
STT State Street	2.38M	-181.36K	-7.1%
Voya Investment Management	248.99K	+121.89K	+95.9%
Panagora Asset Management	231.45K	-118.67K	-33.9%
Assenagon Asset Management	1.09M	+112.47K	+11.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.