国际银行 2024年度报告

As used in this report, the words “Company,” “we,” “us,” and “our” refer to International BancsharesCorporation, a Texas corporation, its five wholly owned subsidiary banks (“Subsidiary Banks”), and its other subsidiaries.The information that follows may contain forward-looking statements, which involve various risks and uncertainties,including those identified in Item 1A (Risk Factors) of our Annual Report on Form 10-K for the year ended December 31,2024, and are qualified as indicated under “Cautionary Notice Regarding Forward-Looking Information” in Item 7(Management’s Discussion and Analysis of Financial Condition and Results of Operations) of this report. Our websiteaddress is www.ibc.com. INTERNATIONAL BANCSHARES CORPORATION AND SUBSIDIARIES (Consolidated) The following consolidated selected financial data is derived from our audited financial statements as of and forthe five years ended December 31, 2024. The following consolidated financial data should be read in conjunction withManagement’s Discussion and Analysis of Financial Condition and Results of Operations and the Consolidated FinancialStatements and related notes in this report. SELECTED FINANCIAL DATA STATEMENT OF CONDITIONAssets . . . . . . . . . . . . . . . . . . . . . . . . . MANAGEMENT’S DISCUSSION AND ANALYSIS OFFINANCIAL CONDITION AND RESULTS OF OPERATIONS Management’s Discussion and Analysis of Financial Condition and Results of Operations represents anexplanation of significant changes in our financial position and results of our operations on a consolidated basis for thethree-year period ended December 31, 2024. The following discussion should be read in conjunction with our AnnualReport on Form 10-K for the year ended December 31, 2024, and the Selected Financial Data and Consolidated FinancialStatements included elsewhere herein. Special Cautionary Notice Regarding Forward-Looking Information Certain matters discussed in this report, excluding historical information, include forward-looking statementswithin the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities ExchangeAct of 1934, as amended, and are subject to the safe harbor created by those sections. Although we believe suchforward-looking statements are based on reasonable assumptions, no assurance can be given that every objective will bereached. The words “estimate,” “expect,” “intend,” “believe” and “project,” as well as other words or expressions of asimilar meaning, are intended to identify forward-looking statements. Readers are cautioned not to place undue relianceon forward-looking statements, which speak only as of the date of this report. Such statements are based on currentexpectations, are inherently uncertain, are subject to risks and should be viewed with caution. Actual results and experiencemay differ materially from the forward-looking statements as a result of many factors. Risk factors that could cause actual results to differ materially from any results that we project, forecast, estimate,or budget in forward-looking statements include, among others, the following possibilities: •Local, regional, national, and international economic business conditions and the impact they may have onus, our customers, and such customers’ ability to transact profitable business with us, including the ability ofour borrowers to repay their loans according to their terms or a change in the value of the related collateral.•Volatility and disruption in national and international financial markets.•The imposition of new or increased international tariffs and the impact of potential retaliatory tariffs, whichmay impact our subsidiary banks’ business and operations with Mexico.•Government intervention in the U.S. financial system.•The unavailability of funding from the FHLB, the Federal Reserve Bank (“FRB”) or other sources in thefuture could adversely impact our growth strategy, prospects, and performance.•Changes in consumer spending, borrowing, and saving habits.•Changes in interest rates and market prices, including changes in federal regulations on the payment ofinterest on demand deposits.•Changes in our ability to retain or access deposits due to changes in public confidence in the banking systemand the potential threat of bank-run contagion fueled by, among other factors, economic instability,inflationary pressures, the public’s increased exposure to social media, and the rapid speed at whichcommunication and coordination via social media can occur.•Changes in the capital markets we utilize, including changes in the interest rate environment that may reducemargins.•Changes in state and/or federal laws and regulations, including, the impact of the Consumer FinancialProtection Bureau (“CFPB”) as a regulator of financial institutions, changes in the accounting, tax, andregulatory treatment of trust-preferred securities, as well as changes in banking, tax, securities, insurance,employment, environmental, and immigrat