International Bancshares Corp.: Q4 FY2025 earnings call

What management said about Q4 FY2025, from the documents filed with the SEC on 26 February 2026: press release. The quarter’s numbers.

Key takeaways

Full-year net income and EPS rose: Annual net income for 2025 was about $412.3 million, or $6.62 diluted EPS, against $409.2 million, or $6.57, in 2024. The company reported both measures up about 0.8 percent. Source
Fourth-quarter net income fell: Net income for the three months ended December 31, 2025 was about $106.9 million, or $1.71 diluted EPS, compared with $115.1 million, or $1.85, a year earlier. Source
Portfolio size and rates lifted interest income: Management said interest income on investment and loan portfolios rose, driven by larger portfolios and the current rate environment. Source
Net interest income hit by deposit costs: Management said net interest income was negatively affected by higher interest expense, primarily from increases in rates paid on deposits. Source
Deposit rates monitored to retain funds: Management said it continues to monitor and adjust rates paid on deposits to remain competitive in growing and retaining deposits. Source
AI initiatives aimed at efficiencies: Management said it is evaluating processes for efficiencies across the organization using new AI initiatives. Source
Established practices expected to continue: Management said continued focus on these established practices is what it expects to keep producing its reported results. Source

“We are extremely pleased and proud to continue our industry-leading financial results in 2025”
Dennis E. Nixon, president and CEO

Full-year and fourth-quarter results

Full-year net income and EPS rose: Annual net income for 2025 was about $412.3 million, or $6.62 diluted EPS, against $409.2 million, or $6.57, in 2024. The company reported both measures up about 0.8 percent. Source
Fourth-quarter net income fell: Net income for the three months ended December 31, 2025 was about $106.9 million, or $1.71 diluted EPS, compared with $115.1 million, or $1.85, a year earlier. Source
Quarterly declines in both measures: The company reported fourth-quarter net income down about 7.1 percent and diluted EPS down 7.6 percent, year over year. Source

Interest income and net interest income

Portfolio size and rates lifted interest income: Management said interest income on investment and loan portfolios rose, driven by larger portfolios and the current rate environment. Source
Net interest income hit by deposit costs: Management said net interest income was negatively affected by higher interest expense, primarily from increases in rates paid on deposits. Source
Annual EPS comparison with 2024: Management described diluted EPS as up about 0.8 percent and net income up about 0.8 percent over the corresponding 2024 period. Source

“We believe that with continued focus on these established practices we will continue to deliver industry-leading financial results”
Dennis E. Nixon, president and CEO

Balance sheet and loan growth

Total assets rose to $16.6 billion: Total assets were about $16.6 billion at December 31, 2025, against about $15.7 billion at December 31, 2024. Source
Net loans rose to $9.3 billion: Total net loans were about $9.3 billion at December 31, 2025, up from about $8.7 billion at December 31, 2024. Source
Deposits rose to $12.4 billion: Deposits were about $12.4 billion at December 31, 2025, up from about $12.1 billion at December 31, 2024. Source

Deposit pricing and rate environment

Deposit rates monitored to retain funds: Management said it continues to monitor and adjust rates paid on deposits to remain competitive in growing and retaining deposits. Source
Rate cut cited in prior release: The prior-quarter release tied deposit rate adjustments to the Federal Reserve Board's recent action to decrease interest rates.
Prior-period provision decrease noted: The prior-quarter release said first-nine-month 2025 net income was also positively affected by a lower provision for credit loss expense.

Footprint and customer service

Branch and ATM count reported: The company reported 165 facilities and 247 ATMs serving 75 communities in Texas and Oklahoma. Source
Customer service focus into 2026: Management said it will remain focused and vigilant on delivering superior customer service as it moves into 2026. Source
Prior-quarter network count was higher: The prior-quarter release listed 166 facilities and 255 ATMs, so both counts were higher than in this release.

Costs and efficiency initiatives

AI initiatives aimed at efficiencies: Management said it is evaluating processes for efficiencies across the organization using new AI initiatives. Source
Cost controls kept as a practice: Management said it intends to continue long-standing balance sheet, asset, liability and liquidity practices, and cost controls. Source
Established practices expected to continue: Management said continued focus on these established practices is what it expects to keep producing its reported results. Source

Management view and rankings

Management pleased with 2025 results: Management said it was pleased and proud to continue its financial results in 2025. Source
Ranking among public bank holding companies: Management said the 2025 results kept the company at the top of rankings compared with other publicly held bank holding companies in America. Source
Prior release made same ranking claim: The prior-quarter release said the focus would keep the company at the top of rankings compared with other publicly held banks in America.

Coming up, as management said on 26 February 2026

Focus carried into 2026: Management said it will keep focusing on superior customer service and established practices as it moves into 2026. Source

Figures management reported

Figure	Reported
Loans Source	total net loans about $9.3 billion at December 31, 2025, versus about $8.7 billion at December 31, 2024
Deposits Source	about $12.4 billion at December 31, 2025, versus about $12.1 billion at December 31, 2024

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

IBC Reports Strong Earnings in 2025

LAREDO, Texas - (BUSINESS WIRE) - February 26, 2025 - International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2025 of approximately $412.3 million or $6.62 diluted earnings per common share ($6.63 per share basic) compared to approximately $409.2 million or $6.57 diluted earnings per common share ($6.58 per share basic), which represents an increase of approximately 0.8 percent in diluted earnings per share and 0.8 percent increase in net income over the corresponding period in 2024. Net income for the three months ended December 31, 2025 was approximately $106.9 million or $1.71 diluted earnings per common share ($1.72 per share basic), compared to approximately $115.1 million or $1.85 diluted earnings per common share ($1.85 per share basic) for the same period in 2024, representing a decrease of approximately 7.1 percent in net income and a 7.6 percent decrease in diluted earnings per share.

Net income for 2025 continued to be positively impacted by an increase in interest income earned on our investment and loan portfolios driven primarily by both an increase in the size of our investment and loan portfolios and the current rate environment. Net interest income has been negatively impacted by an increase in interest expense, primarily driven by increases in rates paid on deposits. We continue to closely monitor and adjust rates paid on deposits to remain competitive to grow and retain deposits.

“We are extremely pleased and proud to continue our industry-leading financial results in 2025, which has kept us at the top of the rankings compared to other publicly held bank holding companies in America. As we move into 2026, we will remain focused and vigilant on delivering superior customer service, continued execution of our long-standing practices of balance sheet, asset, liability, and liquidity management, strong cost controls, and evaluating processes for efficiencies across our organization using new AI initiatives. We believe that with continued focus on these established practices we will continue to deliver industry-leading financial results,” said Dennis E. Nixon, president and CEO.

Total assets at December 31, 2025 were approximately $16.6 billion compared to approximately $15.7 billion at December 31, 2024. Total net loans were approximately $9.3 billion at December 31, 2025 compared to approximately $8.7 billion at December 31, 2024. Deposits were approximately $12.4 billion at December 31, 2025 compared to approximately $12.1 billion at December 31, 2024.

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 165 facilities and 247 ATMs serving 75 communities in Texas and Oklahoma.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward looking information with respect to plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties detailed in IBC’s filings with the Securities and Exchange Commission.

Copies of IBC’s SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml.

Contacts
Judith Wawroski,Chief Financial Officer · International Bancshares Corporation · (956) 722-7611