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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 sBssJAK4XZrZSXGlIe4JrA==

<SEC-DOCUMENT>0000890566-01-000196.txt : 20010307
<SEC-HEADER>0000890566-01-000196.hdr.sgml : 20010307
ACCESSION NUMBER:		0000890566-01-000196
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010302
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20010302

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:		1560121

	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
<FILENAME>0001.txt
<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): MARCH 2, 2001


                      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 FEBRUARY 21, 2001, INTERNATIONAL BANCSHARES CORPORATION ISSUED A NEWS
RELEASE ANNOUNCING ANNUAL 2000 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
                  FEBRUARY 21, 2001.

                                       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:  MARCH 2, 2001

                                       3
<PAGE>
                                  EXHIBIT INDEX




        EXHIBIT                                           PAGE
        NUMBER                   DESCRIPTION             NUMBER

        99             NEWS RELEASE OF INTERNATIONAL       5
                       BANCSHARES CORPORATION DATED
                       FEBRUARY 21, 2001.

                                       4
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>0002.txt
<TEXT>

Contact:

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

Anne Seay or Brian Dwyer
KGBrickman, Inc.
(210) 826-8899

FOR IMMEDIATE RELEASE:

        INTERNATIONAL BANCSHARES CORPORATION REPORTS ANNUAL 2000 EARNINGS

LAREDO, Texas--(BUSINESS WIRE)--February 21, 2001-International Bancshares
Corporation (NASDAQ:IBOC) today reported solid growth in annual earnings
achieving a new milestone in total net income for the Company of $75.2 million
for the year ended December 31, 2000, or $3.46 diluted earnings per share versus
$66.2 million for the year ended December 31, 1999, or $2.98 diluted earnings
per share taking into consideration the effect of the 25% stock dividend paid on
June 14, 2000. These very positive numbers represent a 16.1% increase in
earnings per share or a 13.5% increase in net income over 1999.

              INTERNATIONAL BANCSHARES CORPORATION AND SUBSIDIARIES
                         CONSOLIDATED FINANCIAL SUMMARY


                                                  DECEMBER 31,
                                                  -----------
                                               2000         1999
                                             ---------    ---------
                                             (Dollars in thousands,
                                             except per share data)

            Interest income ..............   $ 421,627    $ 340,736
            Interest expense .............    (251,756)    (185,205)
                                             ---------    ---------
            Net interest income ..........     169,871      155,531
            Provision for possible
              loan losses ................      (6,824)      (6,379)
            Non-interest income ..........      57,501       60,966
            Non-interest expense .........    (111,957)    (106,983)
                                             ---------    ---------

            Income before income taxes ...     108,591      103,135
            Income taxes .................     (33,417)     (36,887)
                                             ---------    ---------

            Net income ...................   $  75,174    $  66,248
                                             =========    =========

            Net income per common share:
                  Basic ..................   $    3.51    $    3.03
                  Diluted ................   $    3.46    $    2.98

                                       5
<PAGE>
      Income before goodwill charges, which excludes the amortization of core
deposit intangibles and goodwill, increased 13.1% to $79.0 million for the year
ended December 31, 2000, or $3.64 diluted income before goodwill charges per
share versus $69.8 million for the year ended December 31, 1999, or $3.14
diluted income before goodwill charges per share. The table below reconciles
reported earnings to net income excluding intangible amortization to help
facilitate peer group comparisons.


<TABLE>
<CAPTION>
                                                                   DECEMBER 31,
                                                               --------------------
                                                                 2000        1999
                                                               --------    --------
                                                              (Dollars in thousands,
                                                              except per share data)
<S>                                                            <C>         <C>
            Reported net income ............................   $ 75,174    $ 66,248
            Amortization of intangible assets ..............      4,219       3,898
            Income tax adjustment ..........................       (421)       (309)
                                                               --------    --------

            Income before goodwill charges .................   $ 78,972    $ 69,837
                                                               ========    ========

            Income before goodwill charges per common share:
                   Basic ...................................   $   3.69    $   3.20
                   Diluted .................................   $   3.64    $   3.14
</TABLE>

      Total assets at December 31, 2000, were $5.8 billion compared to $5.4
billion at December 31, 1999. Deposits at December 31, 2000, were $3.7 billion
compared to $3.5 billion at December 31, 1999.

      Net Income for the fourth quarter of 2000, was $16.1 million or $.75
diluted earnings per share compared to $16.4 million or $.75 diluted earnings
per share in the corresponding period in 1999. Fourth quarter 2000 earnings were
negatively affected by a bond program resumed by management in the fourth
quarter to reposition a portion of the Company's bond portfolio to take
advantage of higher bond yields. This bond program reduced after tax earnings in
the fourth quarter by $2.2 million and 2000 earnings by $2.8 million. Dennis E.
Nixon, CEO and Chairman of the Board, stated that the action taken to enhance
the yield on the bond portfolio will have a positive effect on future earnings
as management fully expects to recover the losses taken through enhanced
earnings performance.

      IBC is a $5.8 billion multi-bank financial holding company headquartered
in Laredo, Texas, with over 100 facilities and 204 ATM's serving 30 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.

                                        6
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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