-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FTZw9jxjubAs2gk/z+Ji1/wsU1W4121hxzjFFvicxElUy6eRvGuGfYhuD84vwcEK
 AIggCyNUjKGRaPihGC6BpA==

<SEC-DOCUMENT>0000912057-01-516238.txt : 20010516
<SEC-HEADER>0000912057-01-516238.hdr.sgml : 20010516
ACCESSION NUMBER:		0000912057-01-516238
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20010515
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20010515

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:		1640128

	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>a2049781z8-k.txt
<DESCRIPTION>8-K
<TEXT>

<PAGE>
                       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): MAY 15, 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 MAY 10, 2001, INTERNATIONAL BANCSHARES CORPORATION ISSUED A NEWS
RELEASE ANNOUNCING FIRST QUARTER 2001 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
                  MAY 10, 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: MAY 15, 2001


                                       3
<PAGE>
                                  EXHIBIT INDEX



        EXHIBIT                                            PAGE
        NUMBER                   DESCRIPTION              NUMBER
       ---------              ----------------          ---------

        99             NEWS RELEASE OF INTERNATIONAL        5
                       BANCSHARES CORPORATION DATED
                       MAY 10, 2001.



                                       4

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>a2049781zex-99.txt
<DESCRIPTION>EXHIBIT 99
<TEXT>

<PAGE>
                                                                     EXHIBIT 99


Contact:  Dennis E. Nixon                         Brian Dwyer or Margaret Walker
          Chairman & CEO                          KGBrickman, Inc.
          International Bancshares Corporation    (210) 826-8899
          (956) 722-7611


         IBC ANNOUNCES RECORD EARNINGS AND NEW MILESTONE IN TOTAL ASSETS

LAREDO, Texas---(BUSINESS WIRE)--May 10, 2001--International Bancshares
Corporation (NASDAQ:IBOC) today reported record earnings for the first quarter
of 2001 of $21.6 million or $1.01 per share - basic ($1.00 per share - diluted)
compared to $19.2 million or $.89 per share - basic ($.89 per share - diluted)
in the corresponding 2000 period, and a new milestone in total assets at $6.1
billion.

      Dennis E. Nixon, CEO and Chairman of the Board, stated that the Company's
first quarter earnings represents a 13% increase over the corresponding 2000
period, equals a 20% ROE, and establishes a solid base for 2001.

      "I'm extremely pleased with our strong first quarter results and the
continued growth in total assets, exceeding the $6 billion mark in the first
quarter," Nixon said. "This success, coupled with the Board of Directors'
confidence in the bank's continued success throughout the year, resulted in a
$.50 per share cash dividend payment to the shareholders on April 16th, as well
as a 25% stock dividend that was approved on April 5th and will be paid on June
15th, to all holders of record as of May 17, 2001. In terms of earnings per
share, these earnings results translate into a 12% increase in diluted earnings
per share for the first quarter, truly demonstrating that IBC is `doing more'
for each shareholder."

      Income before goodwill charges, which excludes the amortization of core
deposit intangibles and goodwill, increased 13% to $22.7 million or $1.06 per
share - basic ($1.05 per share - diluted) for the first quarter of 2001 compared
to $20.1 million or $.93 per share - basic ($.93 per share - diluted) in the
corresponding 2000 period, which resulted in a 13% increase in diluted earnings
per share.

      Total assets at March 31, 2001, were $6.1 billion compared to $5.5 billion
at March 31, 2000. Total loans at March 31, 2001, were $2.3 billion compared to
$2.0 billion at March 31, 2000. Deposits at March 31, 2001, were $3.8 billion
compared to $3.6 billion at March 31, 2000.


                                       5
<PAGE>
      IBC is a $6.1 billion 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>
-----END PRIVACY-ENHANCED MESSAGE-----
