Estados financieros detallados de International Bancshares Corporation (IBOC): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
International Bancshares Corporation registró ingresos de $1.05B en el último ejercicio fiscal, con un CAGR de 5 años del 12.8%. El beneficio neto alcanzó $412.3M, con un CAGR a 5 años del 19.8%.
Márgenes de los últimos 12 meses: margen bruto 78.7%, margen operativo 49.2%, margen neto 38.8%. El flujo de caja libre creció a un CAGR del 9.6% en 5 años.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $549.6M | $565.5M | $630.9M | $647.2M | $577.6M | $620.4M | $712.9M | $970.1M | $1.04B | $1.05B |
| Coste de Ventas | $63.0M | $50.2M | $58.8M | $77.5M | $84.5M | $34.8M | $59.8M | $171.2M | $241.1M | $228.9M |
| Beneficio Bruto | $486.6M | $515.4M | $572.1M | $569.8M | $493.1M | $585.6M | $653.1M | $798.9M | $801.8M | $824.7M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $142.3M | $143.9M | $150.0M | $155.1M | $136.2M | $131.9M | $139.3M | $145.7M | $159.1M | $188.4M |
| Gastos Operativos | $289.6M | $293.7M | $299.5M | $309.8M | $281.3M | $263.3M | $270.5M | $275.4M | $293.1M | $304.3M |
| Beneficio Operativo | $197.0M | $221.6M | $272.6M | $260.0M | $211.8M | $322.3M | $382.6M | $523.5M | $508.7M | $520.4M |
| EBITDA | $221.9M | $246.9M | $298.5M | $288.2M | $240.1M | $347.4M | $404.5M | $545.5M | $531.2M | $543.7M |
| Gastos por Intereses | $43.1M | $38.9M | $52.7M | $58.6M | $39.1M | $26.8M | $38.2M | $136.7M | $209.3M | $213.9M |
| Beneficio Antes de Impuestos | $197.0M | $221.6M | $272.6M | $260.0M | $211.8M | $322.3M | $382.6M | $523.5M | $508.7M | $520.4M |
| Impuestos | $63.1M | $64.2M | $56.7M | $54.9M | $44.4M | $68.4M | $82.4M | $111.7M | $99.6M | $108.1M |
| Beneficio Neto | $133.9M | $157.4M | $215.9M | $205.1M | $167.3M | $253.9M | $300.2M | $411.8M | $409.2M | $412.3M |
| BPA | $2.03 | $2.38 | $3.27 | $3.13 | $2.63 | $4.01 | $4.79 | $6.63 | $6.58 | $6.62 |
| BPA Diluido | $2.02 | $2.36 | $3.24 | $3.12 | $2.62 | $4.00 | $4.78 | $6.62 | $6.57 | $6.62 |
| Acciones en Circulación (Diluidas) | $66.3M | $66.8M | $66.6M | $65.7M | $63.9M | $63.5M | $62.8M | $62.2M | $62.3M | $62.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $272.6M | $270.6M | $257.3M | $264.1M |
| Beneficio Bruto | $216.3M | $212.7M | $205.3M | $203.7M |
| Beneficio Operativo | $136.5M | $136.8M | $129.4M | $121.1M |
| EBITDA | $142.2M | $143.3M | $135.6M | $127.3M |
| Beneficio Neto | $108.4M | $106.9M | $102.2M | $95.8M |
| BPA | $1.74 | $1.71 | $1.64 | $1.54 |
| BPA Diluido | $1.74 | $1.71 | $1.64 | $1.54 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $269.2M | $265.4M | $316.8M | $256.8M | $2.00B | $3.21B | $2.09B | $651.1M | $352.7M | $536.5M |
| Inversiones a Corto | $4.18B | $4.15B | $3.41B | $3.38B | $3.08B | $4.21B | $4.42B | $4.82B | $4.99B | 0 |
| Cuentas por Cobrar | $32.2M | $34.5M | $36.8M | $36.6M | $37.9M | $30.6M | $45.8M | $65.3M | $72.2M | $72.4M |
| Inventario | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $4.48B | $4.42B | $3.76B | $3.67B | $5.12B | $7.45B | $6.55B | $5.54B | $5.41B | $608.9M |
| Inmovilizado Material | $527.6M | $514.5M | $506.9M | $506.6M | $479.9M | $447.1M | $431.6M | $437.1M | $428.2M | $423.0M |
| Fondo de Comercio | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M | $282.5M |
| Activos Intangibles | $25000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $11.80B | $12.18B | $11.87B | $12.11B | $14.03B | $16.05B | $15.50B | $15.07B | $15.74B | $16.68B |
| Cuentas por Pagar | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deuda a Corto | $505.0M | $353.8M | $230.0M | $236.5M | $428.1M | $439.7M | $431.2M | $530.4M | $535.3M | $585.5M |
| Pasivos Corrientes | $9.12B | $8.90B | $8.93B | $9.06B | $11.15B | $13.06B | $13.09B | $12.35B | $12.65B | $585.5M |
| Deuda a Largo | $893.8M | $1.36B | $866.1M | $761.2M | $571.0M | $570.8M | $145.6M | $119.6M | $119.4M | $119.2M |
| Pasivos Totales | $10.08B | $10.35B | $9.93B | $9.99B | $11.85B | $13.74B | $13.46B | $12.62B | $12.94B | $13.43B |
| Reservas | $1.78B | $1.89B | $2.06B | $2.20B | $2.29B | $2.47B | $2.70B | $3.03B | $3.36B | $3.68B |
| Patrimonio Neto | $1.72B | $1.84B | $1.94B | $2.12B | $2.18B | $2.31B | $2.04B | $2.45B | $2.80B | $3.25B |
| Deuda Total | $1.40B | $1.71B | $1.10B | $997.7M | $999.1M | $1.01B | $576.8M | $650.0M | $654.7M | $704.7M |
| Deuda Neta | -$3.05B | -$2.71B | -$2.63B | -$2.64B | -$4.08B | -$6.41B | -$5.93B | -$4.82B | -$4.69B | $168.3M |
| Capital Circulante | -$4.64B | -$4.47B | -$5.16B | -$5.39B | -$6.03B | -$5.60B | -$6.54B | -$6.82B | -$7.23B | $23.4M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $589.3M | $536.5M | $585.9M | $451.2M |
| Activos Totales | $16.55B | $16.68B | $16.83B | $17.02B |
| Pasivos Totales | $13.42B | $13.43B | $13.54B | $13.65B |
| Patrimonio Neto | $3.13B | $3.25B | $3.29B | $3.38B |
| Deuda Total | $783.6M | $704.7M | $724.0M | $731.0M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $133.9M | $157.4M | $215.9M | $205.1M | $167.3M | $253.9M | $300.2M | $411.8M | $409.2M | $412.3M |
| Amortizaciones | $24.9M | $25.3M | $25.9M | $28.3M | $28.3M | $25.0M | $21.8M | $21.9M | $22.5M | $23.3M |
| Compensación en Acciones | $1.1M | $903000 | $1.0M | $980000 | $743000 | $506000 | $449000 | $330000 | $214000 | $104000 |
| Cambio en Capital Circulante | -$811000 | -$17.8M | -$29.3M | $40.4M | $27.4M | $27.0M | $39.8M | -$16.1M | $26.1M | $30.1M |
| Flujo de Caja Operativo | $203.2M | $196.8M | $229.8M | $311.6M | $305.1M | $291.7M | $387.9M | $474.4M | $473.9M | $491.1M |
| Inversiones (CapEx) | -$38.9M | -$14.3M | -$21.4M | -$29.6M | -$6.7M | -$10.4M | -$19.2M | -$27.5M | -$14.1M | -$18.1M |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$8.0M | -$187000 | -$19.0M | -$17.8M | -$48.9M | -$716000 | -$52.0M | -$4.6M | -$963000 | -$4.6M |
| Dividendos Pagados | -$39.6M | -$43.6M | -$49.6M | -$68.7M | -$69.9M | -$72.8M | -$75.4M | -$78.2M | -$82.1M | -$87.1M |
| Flujo de Caja Libre | $164.4M | $182.5M | $208.5M | $282.0M | $298.4M | $281.3M | $368.7M | $446.9M | $459.8M | $472.9M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $115.2M | $139.9M | $120.7M | $94.2M |
| Inversiones (CapEx) | -$2.9M | -$3.9M | -$4.7M | -$5.7M |
| Flujo de Caja Libre | $112.2M | $136.0M | $116.0M | $88.6M |
| Dividendos Pagados | -$43.5M | -$1000 | -$45.4M | 0 |
| Compensación en Acciones | $20000 | $18000 | $18000 | $15000 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | +2.9% | +11.6% | +2.6% | -10.8% | +7.4% | +14.9% | +36.1% | +7.5% | +1.0% |
| Crecimiento Beneficio Neto (anual) | | +17.5% | +37.2% | -5.0% | -18.4% | +51.8% | +18.2% | +37.1% | -0.6% | +0.8% |
| Crecimiento BPA (anual) | | +17.2% | +37.4% | -4.3% | -16.0% | +52.5% | +19.5% | +38.4% | -0.8% | +0.6% |
| Cambio en Acciones (anual) | | +0.7% | -0.2% | -1.4% | -2.8% | -0.6% | -1.1% | -0.9% | +0.1% | -0.1% |
| Crecimiento FCF (anual) | | +11.0% | +14.2% | +35.3% | +5.8% | -5.7% | +31.1% | +21.2% | +2.9% | +2.9% |
| Margen Bruto | 88.5% | 91.1% | 90.7% | 88.0% | 85.4% | 94.4% | 91.6% | 82.3% | 76.9% | 78.3% |
| Margen Operativo | 35.8% | 39.2% | 43.2% | 40.2% | 36.7% | 52.0% | 53.7% | 54.0% | 48.8% | 49.4% |
| Margen EBITDA | 40.4% | 43.7% | 47.3% | 44.5% | 41.6% | 56.0% | 56.7% | 56.2% | 50.9% | 51.6% |
| Margen Neto | 24.4% | 27.8% | 34.2% | 31.7% | 29.0% | 40.9% | 42.1% | 42.4% | 39.2% | 39.1% |
| Margen FCF | 29.9% | 32.3% | 33.0% | 43.6% | 51.7% | 45.3% | 51.7% | 46.1% | 44.1% | 44.9% |
| Tasa Impositiva Efectiva | 32.0% | 29.0% | 20.8% | 21.1% | 21.0% | 21.2% | 21.5% | 21.3% | 19.6% | 20.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $2.48 | $2.73 | $3.13 | $4.29 | $4.67 | $4.43 | $5.87 | $7.18 | $7.38 | $7.60 |
| Dividendo por Acción | $0.60 | $0.65 | $0.74 | $1.05 | $1.10 | $1.15 | $1.20 | $1.26 | $1.32 | $1.40 |
| Acciones en Circulación (Básicas) | $66.0M | $66.0M | $66.1M | $65.5M | $63.7M | $63.4M | $62.7M | $62.1M | $62.2M | $62.3M |
Qué mirar en empresas de Financial Services
- Efficiency Ratio (≤55%) — Gastos operativos / ingresos. Bancos top por debajo del 55%.
- ROA (≥1%) — Cuánto ganan por cada euro de activos. En banca el ROE engaña por el apalancamiento.
- ROTCE (≥12%) — Rentabilidad sobre Capital Tangible. Descuenta goodwill e intangibles.
- Capital / Activos (proxy Tier 1) (≥8%) — Proxy del ratio de capital. FMP no expone Tier 1 regulatorio directo.
- P/B (1,0-1,5x) — Métrica clásica bancaria. <1x puede ser oportunidad o distress.
- Rentabilidad por dividendo sostenible (≥2%, <8%) — Bancos UE pagan 5-7% sin estrés. >8% es señal de distress.
Rentabilidad
| Margen bruto | 78.70% |
| Margen operativo | 49.20% |
| Margen neto | 38.81% |
Salud financiera
| Deuda / Patrimonio | 0.22 |
| Ratio corriente | 0.86 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 20.10 | 16.68 | 10.52 | 13.76 | 14.24 | 10.57 | 9.55 | 8.19 | 9.60 | 10.04 |
| P/VC | 1.56 | 1.43 | 1.17 | 1.33 | 1.10 | 1.16 | 1.40 | 1.38 | 1.40 | 1.27 |
| P/V | 4.90 | 4.64 | 3.60 | 4.36 | 4.13 | 4.33 | 4.02 | 3.48 | 3.77 | 3.93 |
| Margen Bruto | 88.5% | 91.1% | 90.7% | 88.0% | 85.4% | 94.4% | 91.6% | 82.3% | 76.9% | 78.3% |
| Margen Operativo | 35.8% | 39.2% | 43.2% | 40.2% | 36.7% | 52.0% | 53.7% | 54.0% | 48.8% | 49.4% |
| Margen Neto | 24.4% | 27.8% | 34.2% | 31.7% | 29.0% | 40.9% | 42.1% | 42.4% | 39.2% | 39.1% |