The International Bancshares Corp (IBOC) share price is expected to decrease by 100% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered IBOC. Price targets range from $ at the low end to $ at the high end. The current analyst consensus for IBOC is a sell. Please note analyst price targets are not guaranteed and could be missed completely.
IBOC is a stock in Financial Services which has been forecasted to be worth $ as an average. On the higher end, the forecast price is $ USD by from and on the lower end IBOC is forecasted to be $ by from .
These are the latest 20 analyst ratings of IBOC.
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When did it IPO
1996
Staff Count
2,062
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Mike K. Sohn
Market Cap
$4.48B
In 2023, IBOC generated $833.4M in revenue, which was a increase of 23.52% from the previous year. This can be seen as a signal that IBOC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - International Bancshares Corporation reported a net income of $294.1 million for the nine months ending September 30, 2024.
Why It Matters - The reported net income of $294.1 million indicates strong financial performance for International Bancshares Corporation, potentially boosting investor confidence and stock valuation.
Summary - Finanta has partnered with IBC Bank to enhance commercial lending through digital transformation, improving efficiency, risk management, and customer experience.
Why It Matters - Finanta's partnership with IBC Bank signals advancements in commercial lending, potentially improving profitability and market competitiveness, which could positively impact investor sentiment.
Summary - International Bancshares Corporation (NASDAQ: IBOC) reported its net income for the six months ended June 30, 2024. Further details on the financial results were not provided.
Why It Matters - Net income figures can indicate the bank's financial health, affecting stock performance and investor sentiment. Positive results may lead to increased share prices and confidence in the company's growth.
Summary - International Bancshares Corporation (NASDAQ: IBOC) reported Q1 2024 net income of $97.3 million ($1.56 EPS), down 4.3% from $101.6 million ($1.63 EPS) in Q1 2023.
Why It Matters - A decline in International Bancshares' net income and earnings per share may signal weakening profitability, potentially affecting investor confidence and stock performance.
Summary - International Bancshares Corporation (IBC) has been ranked 3rd on Forbes' 15th annual list of Best Banks in America, highlighting its strong financial performance among the largest U.S. banks.
Why It Matters - IBC's ranking as the 3rd best bank by Forbes enhances its reputation, potentially attracting more investors and boosting stock performance due to increased confidence in its financial stability.
Summary - International Bancshares Corporation (IBC) ranked #1 among U.S. public banks in S&P Global Market Intelligence's 2023 performance assessment, focusing on banks with assets over $10 billion.
Why It Matters - IBC's top ranking among U.S. public banks highlights its strong financial performance, potentially boosting investor confidence and driving stock demand.