International Bancshares's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of International Bancshares (IBOC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: International Bancshares vs Its Competitors
- TTM: Trailing 12-month revenue of 838M vs 1,088,853M combined for its competitors (0.1% combined share).
- Trending: Latest-quarter revenue run-rate is decelerating (-2.7% annualized vs trailing 12 months), vs accelerating (+2.7%) for its tracked peer group.
- Growth: International Bancshares generated 0.0% revenue growth year over year in Q2 2026, vs 6.1% for its competitors combined.
- Profitability: Its 47.0% net margin compares with 15.2% for the peer group.
- Scale: International Bancshares ranks #32 of 218 companies by market capitalization in the Regional Banks industry, holding 0.6% of industry market cap.
- Peer revenue share: International Bancshares accounted for 0.1% of combined revenue among its tracked peer group, down from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.20M compares with $1.33M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
IBOC Sales vs. its Competitors, Q2 2026
International Bancshares reported revenue contraction of 0.02 % year on year in Q2 2026, below its competitors' combined revenue growth of 6.05 %.
With a net margin of 47.03 %, International Bancshares achieved higher profitability than its competitors (15.16 %).
International Bancshares generated 0.07 % of the combined sales of its peer group, down from 0.08 % a year earlier.
API endpoints for this dataset
International Bancshares vs. its Competitors, Q2 2026
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in International Bancshares reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across International Bancshares and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| International Bancshares Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (10) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across International Bancshares's competitor groups requires a Commercial License.
For context: the Regional Banks industry grew revenue 6.8% year over year, combined, vs 0.0% for International Bancshares. International Bancshares's share of combined industry revenue moved from 0.13% to 0.12%, a loss of 0.01 percentage points.
International Bancshares's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| International Bancshares Corporation | Yes | Yes | No | No |
| Competitors combined (35) | ||||
| Similar-Size Competitors (10) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
IBOC Stock Performance relative to its Competitors
IBOC Stock Performance relative to Similar-Size Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Voya Financial Inc | 282.9% | Outperformed |
| 2 | Cno Financial Group Inc | 282.9% | Outperformed |
| 3 | Principal Financial Group inc | 282.9% | Outperformed |
| 4 | Allstate Corp | 282.9% | Outperformed |
| 5 | United Fire Group Inc | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for International Bancshares's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
International Bancshares's Comment on Competition and Industry Peers
Publicly Traded Peers of International Bancshares Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 International Bancshares Corporation |
4,208.67 | 837.57 |
 The Cigna Group |
77,496.60 | 282,382.00 |
 Aon Plc |
71,314.53 | 17,707.00 |
 Allstate Corp |
66,021.27 | 70,137.00 |
 Metlife Inc |
63,570.86 | 79,403.00 |
 Aflac Incorporated |
62,722.01 | 18,069.00 |
| SUBTOTAL | 685,651.85 | 1,118,631.61 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on International Bancshares Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
International Bancshares's Competitors Named by the Company
Competitive relationships identified from International Bancshares reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Southstate Bank Corp | Company report | 85% |
| Simmons First National Corp | Company report | 85% |
| Trustmark Corporation | Company report | 85% |
| Business First Bancshares Inc | Company report | 85% |
| Southwest Bancorp Inc | Company report | 85% |
| Texas Community Bancshares inc | Company report | 85% |
| Old National Bancorp | Company report | 85% |
| S and t Bancorp Inc | Company report | 85% |
| Green Bancorp, Inc. | Company report | 85% |
| South Plains Financial Inc | Company report | 85% |
| Fnb Corp | Company report | 85% |
| Bank7 Corp | Company report | 85% |
| Rbb Bancorp | Company report | 85% |
| Third Coast Bancshares Inc | Company report | 85% |
| Origin Bancorp Inc | Company report | 85% |
| Spirit Of Texas Bancshares Inc | Company report | 85% |
| Truist Financial Corporation | Company report | 85% |
| Renasant Corp | Company report | 85% |
| Crossfirst Bankshares inc | Company report | 85% |
| Red River Bancshares Inc | Company report | 85% |
| Tectonic Financial Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for International Bancshares's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
International Bancshares's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| The Cigna Group | Evernorth 86.55 % |
| Aon Plc | Risk Capital 65.40 % |
| Allstate Corp | Allstate Protection 86.96 % |
| Metlife Inc | Group Benefits 33.54 % |
| Aflac Incorporated | Aflac Japan 65.91 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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International Bancshares's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| International Bancshares Corporation | 4,209 | 196,614 | 97,009 |
| The Cigna Group | 77,497 | 4,171,078 | 102,555 |
| Aon Plc | 71,315 | 295,117 | 65,750 |
| Allstate Corp | 66,021 | 1,308,526 | 248,134 |
| Metlife Inc | 63,571 | 1,726,152 | 79,543 |
| Aflac Incorporated | 62,722 | 1,420,966 | 382,353 |
| PEERS TOTAL | 681,443 | 1,327,661 | 181,213 |
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International Bancshares's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
| Citizens Inc | All Countries 66.88 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
International Bancshares's Position in Industry Market Structure
Market-capitalization share and concentration across all 198 companies in International Bancshares's industry classification, broader than the peer set above. Market cap in millions of $.International Bancshares ranks #32 of 198 companies by market capitalization in its industry, holding 0.56 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 516, indicating a unconcentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | Bank Of Nova Scotia | 113,512 | 15.05 % |
| 2 | Deutsche Bank Aktiengesellschaft | 69,917 | 9.27 % |
| 3 | Fifth Third Bancorp | 48,582 | 6.44 % |
| 4 | State Street Corp | 46,533 | 6.17 % |
| 5 | Ita Unibanco Holding S a | 1,234 | 5.2% |
| 6 | M and t Bank Corporation | 1,234 | 5.2% |
| 7 | Northern Trust Corporation | 1,234 | 5.2% |
| 8 | Citizens Financial Group Inc | 1,234 | 5.2% |
| 9 | First Citizens Bancshares Inc | 1,234 | 5.2% |
| 10 | East West Bancorp inc | 1,234 | 5.2% |
| 32 | International Bancshares Corporation | 4,209 | 0.56 % |
Market cap and industry share for the rest of International Bancshares's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-11-06.
International Bancshares's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 27 | Flagstar Bank National Association | 4,983 | -4.80 % |
| 28 | United Community Banks Inc | 4,455 | 25.35 % |
| 29 | Texas Capital Bancshares Inc | 4,452 | 19.57 % |
| 30 | First Financial Bankshares Inc | 4,370 | -2.07 % |
| 31 | Cathay General Bancorp | 1,234 | 12.3% |
| 32 | International Bancshares Corporation | 4,209 | 0.80 % |
| 33 | Independent Bank Corp | 1,234 | 12.3% |
| 34 | First Bancorp | 1,234 | 12.3% |
| 35 | Cvb Financial Corp | 1,234 | 12.3% |
| 36 | First Interstate Bancsystem Inc | 1,234 | 12.3% |
| 37 | Renasant Corp | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of International Bancshares's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-11-06. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
International Bancshares's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Regional Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (2 companies). See the full Regional Banks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 56.54 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 84.10 % | 50.49 % (avg) | +33.6 pp |
| Capital Intensity (Capex / Revenue) | 2.06 % | 1.38 % (avg) | +0.7 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
International Bancshares's Valuation vs Competitive Position
Valuation multiples vs the Regional Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Regional Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 10.9x | - | - |
| EV / EBITDA | 6.7x | - | - |
| P/B | 1.4x | - | - |
| Return on Equity | 12.67 % | industry aggregate | 1.79 % |
| Return on Invested Capital | - | 4.16 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
International Bancshares's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 11.00 % | -0.41 % | -13.46 % | 18.77 % | 11.52 % | 22.32 % | 0.37 % | 3.15 % |
| Operating Margin | 47.65 % | 45.63 % | 42.95 % | 55.04 % | 58.59 % | - | - | - |
| Return on Invested Capital | 6.38 % | 5.86 % | 4.41 % | 6.38 % | 3.43 % | 3.04 % | 2.78 % | 8.04 % |
| P/E | 11.2x | 13.6x | 13.7x | 10.9x | 10.0x | 7.0x | 10.1x | 10.2x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
International Bancshares's BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
International Bancshares falls in the Question Mark quadrant: relative market share of 0.04x vs its largest competitor, in an industry growing revenue 11.8% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
International Bancshares's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 516 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 2.06 % vs industry average 1.38 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on International Bancshares's dedicated Suppliers and Customers pages, not here.
International Bancshares's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
International Bancshares falls in the Medium attractiveness / Medium strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
International Bancshares's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Latest-quarter revenue run-rate is decelerating (-2.7% annualized vs trailing 12 months).
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.04x).
Opportunities
- Industry revenue growing at a healthy 11.8% median pace.
Threats
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
International Bancshares's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| International Bancshares Corporation | 0.04 | 0.45 | 0.22 |
| The Cigna Group | 0.12 | 0.82 | 0.76 |
| Aon Plc | 0.06 | 1.06 | 1.86 |
| Allstate Corp | 0.02 | 0.15 | 0.25 |
| Metlife Inc | 0.08 | 0.29 | 0.70 |
| Aflac Incorporated | 0.08 | 2.34 | 0.28 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
International Bancshares's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| International Bancshares Corporation | Q2 2026 | 0.0 % | -4.3 % |
| The Cigna Group | Q2 2026 | +6.7 % | +22.4 % |
| Aon Plc | Q3 2026 | +2.6 % | +1.3 % |
| Allstate Corp | Q2 2026 | +11.8 % | +55.8 % |
| Metlife Inc | Q2 2026 | +10.5 % | +6.0 % |
| Aflac Incorporated | Q2 2026 | -1.0 % | +37.7 % |
| PEERS TOTAL | +7.8 % | +57.2 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
International Bancshares's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| International Bancshares Corporation | Q2 2026 | +152.5 % | +46.7 % |
| The Cigna Group | Q2 2026 | +6.4 % | - |
| Aon Plc | Q3 2026 | - | +36.2 % |
| Allstate Corp | Q2 2026 | +6.1 % | - |
| Metlife Inc | Q2 2026 | +1,959.3 % | - |
| Aflac Incorporated | Q2 2026 | +5.7 % | - |
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International Bancshares's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| International Bancshares Corporation | 2.47% | 6.12% | 12.67% |
| The Cigna Group | 4.44% | 6.84% | 16.41% |
| Aon Plc | 7.15% | 9.96% | 40.15% |
| Allstate Corp | 10.88% | 16.50% | 43.12% |
| Metlife Inc | 0.49% | 0.77% | 12.93% |
| Aflac Incorporated | 4.13% | 9.64% | 16.42% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
International Bancshares's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| International Bancshares Corporation | 10.18 | 5.02 |
| The Cigna Group | 12.45 | 0.27 |
| Aon Plc | 18.55 | 4.03 |
| Allstate Corp | 5.10 | 0.94 |
| Metlife Inc | 18.86 | 0.80 |
| Aflac Incorporated | 13.38 | 3.47 |
| PEERS AVERAGE | 4.48 | 0.61 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.