International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows

12 Months Ended

Dec. 31, 2025

International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows

International Bancshares Corporation (Parent Company Only) Financial Information Statements of Cash Flows

(22) International Bancshares Corporation (Parent Company Only) Financial Information

Statements of Cash Flows

(Parent Company Only)

Years ended December 31, 2025, 2024 and 2023

(Dollars in Thousands)

	2025		2024		2023
Operating activities:
Net income	$	412,293	$	409,167	$	411,768
Adjustments to reconcile net income to net cash provided by operating activities:
Credit loss expense		—		625		500
Unrealized gain on equity securities with readily determinable fair values		(11)		(27)		(14)
Increase in accrued interest receivable		(2,221)		(5,948)		(2,630)
Stock compensation expense		104		214		330
Increase (decrease) in other liabilities		12,664		(1,251)		4,911
Equity in undistributed net income of subsidiaries		(253,766)		(287,668)		(240,654)
Net cash provided by operating activities		169,063		115,112		174,211
Investing activities:
Net increase in loans		(25,703)		(24,528)		(20,170)
Increase in other assets and other investments		(46,732)		(50,627)		(30,655)
Net cash used in investing activities		(72,435)		(75,155)		(50,825)
Financing activities:
Redemption of long-term debt		—		—		(25,774)
Proceeds from stock transactions		1,466		3,758		1,167
Payments of cash dividends - common		(87,061)		(82,078)		(78,247)
Purchase of treasury stock		(4,606)		(963)		(4,611)
Net cash used in financing activities		(90,201)		(79,283)		(107,465)
Increase (decrease) in cash		6,427		(39,326)		15,921
Cash at beginning of year		65,858		105,184		89,263
Cash at end of year	$	72,285	$	65,858	$	105,184
Non-cash investing activities:
Net transfers from loans to other investments	$	—	$	25,551	$	—