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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000890566-99-001120.txt : 19990813
<SEC-HEADER>0000890566-99-001120.hdr.sgml : 19990813
ACCESSION NUMBER:		0000890566-99-001120
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19990812
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19990812

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INTERNATIONAL BANCSHARES CORP
		CENTRAL INDEX KEY:			0000315709
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				742157138
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	000-09439
		FILM NUMBER:		99685048

	BUSINESS ADDRESS:	
		STREET 1:		12OO SAN BERNARDO AVE
		STREET 2:		PO BOX 1359
		CITY:			LAREDO
		STATE:			TX
		ZIP:			78040-1359
		BUSINESS PHONE:		9567227611

	MAIL ADDRESS:	
		STREET 1:		P O BOX 1359
		STREET 2:		1200 SAN BERNARDO
		CITY:			LAREDO
		STATE:			TX
		ZIP:			78040
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT

                     ---------------------------------------


                       PURSUANT TO SECTION 13 OR 15 (D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of earliest event reported): August 12, 1999


                      INTERNATIONAL BANCSHARES CORPORATION
             (Exact Name of Registrant as Specified in its Charter)


                          Commission File Number 0-9439


                TEXAS                                   74-2157138
     (State or other Jurisdiction                    (I.R.S. Employer
   of incorporation or organization)                Identification No.)


  1200 SAN BERNARDO, LAREDO, TEXAS                      78040-1359
(Address of principal executive offices)                (ZIP Code)


       (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE) (956) 722-7611


                                      NONE
          (Former name or former address, if changed since last report)
<PAGE>
ITEM 5.     OTHER EVENTS

      On August 6, 1999, International Bancshares Corporation issued a news
release announcing Second Quarter 1999 Earnings, attached hereto and filed
herewith as Exhibit 99 and is incorporated herein by reference.

ITEM 7.     FINANCIAL STATEMENTS AND EXHIBITS

      c.    Exhibits

            The following exhibit is filed as part of this report:

            (99)  News release of International Bancshares Corporation dated
                  August 6, 1999.

                                        2
<PAGE>
                               SIGNATURES

      Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                INTERNATIONAL BANCSHARES CORPORATION
                                (Registrant)


                                 By:/s/ DENNIS E. NIXON
                                        DENNIS E. NIXON, President,
                                        and Chief Executive Officer

Date: August 12, 1999

                                        3
<PAGE>
                                  EXHIBIT INDEX


          EXHIBIT                                            PAGE
          NUMBER                    DESCRIPTION             NUMBER
          ------                    -----------             ------
          99              News Release of International        5
                          Bancshares Corporation dated
                          August 6, 1999


                                        4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<TEXT>

                                                                      EXHIBIT 99

Contact:

Dennis E. Nixon
Chairman & CEO
International Bancshares Corporation
(956) 722-7611

Katie Brickman or
Stephanie Jersig
Taylor West Advertising
(210) 826-8899

FOR IMMEDIATE RELEASE:

    INTERNATIONAL BANCSHARES CORPORATION REPORTS SECOND QUARTER 1999 EARNINGS

LAREDO, Texas--(BUSINESS WIRE)--August 6, 1999--International Bancshares
Corporation (NASDAQ:IBOC) today reported earnings for the second quarter of 1999
of $16.0 million or $1.02 per share - basic ($1.00 per share - diluted) compared
to $12.8 million or $.82 per share - basic ($.79 per share diluted) in the
corresponding 1998 period. Earnings for the first six months of 1999 were $31.9
million or $2.14 per share - basic ($2.10 per share diluted) compared to $26.4
million or $1.78 per share - basic ($1.72 per share diluted) in the
corresponding 1998 period.

      Dennis E. Nixon, CEO and chairman of the board, stated that the Company's
second quarter earnings represent a 25% increase over the corresponding 1998
period. "I'm extremely pleased with the results for the second quarter,
especially coming on the heels of a 17% increase in earnings for the first
quarter," he said. "The Company's year to date 1999 performance is 21% ahead of
1998, reflecting very favorably on IBC's commitment to superior earnings. These
earnings results translate into a 27% increase in diluted earnings per share for
the second quarter, and a 22% increase for the first six months, truly
demonstrating that IBC is 'doing more' for each shareholder."

      Cash earnings, which exclude the amortization of core deposit intangibles
and goodwill, increased 24% to $16.9 million or $1.08 per share - basic ($1.05
per share - diluted) for the second quarter of 1999 compared to $13.7 million or
$.87 - per share - basic ($.85 per share - diluted) in the corresponding 1998
period.

      Total assets at June 30, 1999, were $5.1 billion compared to $4.6 billion
at June 30, 1998. Deposits at June 30, 1999, were $3.5 billion compared to $3.3
billion at June 30, 1998.

      IBC is a $5.1 billion multi-bank holding company headquartered in Laredo,
Texas, with over 90 facilities and 164 ATM's serving 28 communities including
Houston, San Antonio, Corpus Christi, McAllen, Brownsville, Port Lavaca, Zapata
and throughout the Rio Grande Valley and the Texas Gulf Coast.

"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release which are not historical facts
contain forward looking information with respect to plans, projections or future
performance of IBC and its subsidiaries, the occurrence of which involve certain
risks and uncertainties detailed in IBC's filings with the Securities and
Exchange Commission.

Copies of IBC's SEC filings and Annual Report (as an exhibit to the 10-K) may be
downloaded from the Internet at no charge from FreeEDGAR, a real-time access to
SEC filings site located at HTTP://WWW.FREEEDGAR.COM.

                                        5
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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