International Bancshares (MEX:IBOC) Selling, General, & Admin. Expense: MXN3,045 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:IBOC International Bancshares Corp MEX:IBOC
70 GF Score
Price MXN1,495.00
GF Value MXN1,293.91
! 6 Warning Signs
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What is International Bancshares Selling, General, & Admin. Expense?

International Bancshares MEX:IBOC 70 Selling, General, & Admin. Expense is MXN3,045 Mil as of Mar. 2026. GuruFocus rates MEX:IBOC with a GF Score™ of 70/100 and a GF Value™ of MXN1,293.91. The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. International Bancshares's selling, general, & admin. expense for the three months ended in Mar. 2026 was MXN769 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was MXN3,045 Mil.


International Bancshares  (MEX:IBOC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


International Bancshares Selling, General, & Admin. Expense Related Terms


International Bancshares Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for International Bancshares's Selling, General, & Admin. Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

International Bancshares Selling, General, & Admin. Expense Chart

International Bancshares Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,705.92 2,715.73 2,473.76 3,318.10 2,985.42

International Bancshares Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 861.33 786.04 754.57 735.03 769.26

MEX:IBOC vs SFBS, TFSL, EBC: Selling, General, & Admin. Expense Comparison

For the Banks - Regional subindustry, International Bancshares's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


International Bancshares Selling, General, & Admin. Expense vs Banks Industry

For the Banks industry and Financial Services sector, International Bancshares's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where International Bancshares's Selling, General, & Admin. Expense falls into.


MEX:IBOC
70GF Score
International Bancshares Corp MEX:IBOC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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International Bancshares Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN3,045 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Selling, General, & Admin. Expense of MXN3,045 Mil mean?
International Bancshares (MEX:IBOC) has a Selling, General, & Admin. Expense of MXN3,045 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on International Bancshares and its competitors.
Is International Bancshares' Selling, General, & Admin. Expense too high?
International Bancshares' current Selling, General, & Admin. Expense is MXN3,045 Mil. Overall, International Bancshares has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does International Bancshares' Selling, General, & Admin. Expense compare to SFBS and TFSL?
International Bancshares' Selling, General, & Admin. Expense of MXN3,045 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Banks company?
A good Selling, General, & Admin. Expense depends on the Banks industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on International Bancshares and its competitors. International Bancshares's current Selling, General, & Admin. Expense is MXN3,045 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Bancshares stock overvalued right now?
International Bancshares (MEX:IBOC) has a current Selling, General, & Admin. Expense of MXN3,045 Mil. The stock's GF Value™ is MXN1,293.91, compared to a current price of MXN1,495.00 — trading 15.5% above its estimated fair value. The current Selling, General, & Admin. Expense is MXN3,045 Mil. International Bancshares' overall GF Score™ is 70/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For International Bancshares (MEX:IBOC), the current Selling, General, & Admin. Expense is MXN3,045 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is International Bancshares (MEX:IBOC) Overvalued in 2026?

Based on GuruFocus' analysis, International Bancshares stock appears to be overvalued. The current stock price of MXN1,495.00 is trading 15.5% above its estimated GF Value™ of MXN1,293.91.

Key valuation signals for MEX:IBOC:

  • Selling, General, & Admin. Expense: MXN3,045 Mil
  • GF Value™: MXN1,293.91 vs. price of MXN1,495.00 (15.5% above fair value)
  • GF Score™: 70/100 with 6 warning signs

No single metric tells the full story. See the MEX:IBOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


International Bancshares Business Description

Other Exchanges IBOC:USAIB4:Germany
Address 1200 San Bernardo Avenue, Laredo, TX, USA, 78042-1359
International Bancshares Corp is a registered multibank financial holding company providing a diversified range of commercial and retail banking services in its main banking and branch facilities located in north, south, central, and southeast Texas and the State of Oklahoma.. The company provides commercial and retail banking services in Texas and Oklahoma. The services provided by the bank include checking, savings, bank cards, lending, insurance, mortgage, investments, and other services.
70GF Score

Get the complete analysis for MEX:IBOC

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN1,495.00
Price
MXN1,293.91
GF Value