<p>当我们投资时，通常会寻找那些表现优于市场平均水平的股票。购买被低估的企业是获取超额回报的一种途径。例如，<strong>国际银行</strong>（NASDAQ:IBOC）的股价在过去五年中上涨了 84%，明显超过了市场约 65% 的回报（不考虑股息）。然而，最近的回报并没有那么令人印象深刻，过去一年该股票的回报仅为 11%，包括股息。</p>
<p>尽管本周股价下跌了 4.2%，但值得关注的是长期表现，看看股票的历史回报是否受到基本面的驱动。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<p>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。评估公司情绪变化的一个有缺陷但合理的方法是将每股收益（EPS）与股价进行比较。</p>
<p>在五年的股价增长中，国际银行实现了每股收益（EPS）年复合增长率为 21%。EPS 的增长比同期每年股价增长的 13% 更为显著。因此，市场似乎对该股票的热情不再。合理较低的市盈率为 10.32 也表明市场的谨慎。</p>
<p>您可以在下面的图像中看到 EPS 随时间的变化（点击图表查看确切数值）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/375163-earnings-per-share-growth-1-dark-2/1766484920271?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/375163-earnings-per-share-growth-1-dark-2/1766484920271"/></p>
<p>NasdaqGS:IBOC 每股收益增长 2025 年 12 月 23 日</p>
<p>查看我们关于国际银行的收益、收入和现金流的 <strong>免费</strong> 报告可能非常值得。</p>
<h2>股息情况如何？</h2>
<p>在考虑投资回报时，重要的是要考虑_总股东回报_（TSR）与_股价回报_之间的差异。股价回报仅反映股价的变化，而 TSR 则包括股息的价值（假设它们被再投资）以及任何折扣资本筹集或分拆的好处。因此，对于支付丰厚股息的公司，TSR 通常远高于股价回报。在国际银行的案例中，过去五年的 TSR 为 109%。这超过了我们之前提到的股价回报。显然，股息支付在很大程度上解释了这种差异！</p>
<h2>不同的视角</h2>
<p>国际银行的股东今年上涨了 11%（即使包括股息）。但这低于市场平均水平。公司长期以来的表现更为出色，过去五年为股东提供了每年 16% 的 TSR。这可能是一个值得关注的企业，因为市场对其的持续积极反应。大多数投资者会花时间检查内部交易的数据。您可以点击这里查看内部人士是否在买入或卖出。</p>
<p>当然，<strong>您可能会通过寻找其他地方发现一个绝佳的投资机会。</strong> 所以请查看这份我们预计将增长收益的公司 <strong>免费</strong> 名单。</p>
<p><em>请注意，本文中引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。</em></p>
<p>移动基础设施用于国防和灾难</p>
<p>下一波机器人技术不是人形的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随处可用。</p>
<p>在下一轮合同之前获取投资者简报</p>
<p>由 CiTech 赞助</p>

国际银行

<p>国际银行（International Bancshares Corporation，NASDAQ:IBOC）在过去五年中实现了 109% 的总股东回报率（TSR），超过了其 84% 的股价回报和基础盈利增长。尽管最近股价下跌了 4.2%，但其长期年均 TSR 为 16%，表明市场反应积极。公司的每股收益（EPS）年增长率为 21%，超过了股价增长，显示出市场对其低市盈率（P/E）10.32 的担忧。股息在很大程度上解释了 TSR 与股价回报之间的差异</p>

<p>When we invest, we're generally looking for stocks that outperform the market average. Buying under-rated businesses is one path to excess returns. For example, the <strong>International Bancshares Corporation</strong> (NASDAQ:IBOC) share price is up 84% in the last 5 years, clearly besting the market return of around 65% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 11% in the last year, including dividends.</p>
<div class="lb-trans"><p>当我们投资时，通常会寻找那些表现优于市场平均水平的股票。购买被低估的企业是获取超额回报的一种途径。例如，<strong>国际银行</strong>（NASDAQ:IBOC）的股价在过去五年中上涨了 84%，明显超过了市场约 65% 的回报（不考虑股息）。然而，最近的回报并没有那么令人印象深刻，过去一年该股票的回报仅为 11%，包括股息。</p>
</div><p>While the stock has fallen 4.2% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.</p>
<div class="lb-trans"><p>尽管本周股价下跌了 4.2%，但值得关注的是长期表现，看看股票的历史回报是否受到基本面的驱动。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><p>While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.</p>
<div class="lb-trans"><p>虽然市场是一个强大的定价机制，但股价反映的是投资者情绪，而不仅仅是基础业务表现。评估公司情绪变化的一个有缺陷但合理的方法是将每股收益（EPS）与股价进行比较。</p>
</div><p>During five years of share price growth, International Bancshares achieved compound earnings per share (EPS) growth of 21% per year. The EPS growth is more impressive than the yearly share price gain of 13% over the same period. So it seems the market isn't so enthusiastic about the stock these days. The reasonably low P/E ratio of 10.32 also suggests market apprehension.</p>
<div class="lb-trans"><p>在五年的股价增长中，国际银行实现了每股收益（EPS）年复合增长率为 21%。EPS 的增长比同期每年股价增长的 13% 更为显著。因此，市场似乎对该股票的热情不再。合理较低的市盈率为 10.32 也表明市场的谨慎。</p>
</div><p>You can see how EPS has changed over time in the image below (click on the chart to see the exact values).</p>
<div class="lb-trans"><p>您可以在下面的图像中看到 EPS 随时间的变化（点击图表查看确切数值）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/375163-earnings-per-share-growth-1-dark-2/1766484920271" alt="" original-src="https://images.simplywall.st/asset/chart/375163-earnings-per-share-growth-1-dark-2/1766484920271"/></p>
<p>NasdaqGS:IBOC Earnings Per Share Growth December 23rd 2025</p>
<div class="lb-trans"><p>NasdaqGS:IBOC 每股收益增长 2025 年 12 月 23 日</p>
</div><p>It might be well worthwhile taking a look at our <strong>free</strong> report on International Bancshares' earnings, revenue and cash flow.</p>
<div class="lb-trans"><p>查看我们关于国际银行的收益、收入和现金流的 <strong>免费</strong> 报告可能非常值得。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情况如何？</h2>
</div><p>When looking at investment returns, it is important to consider the difference between <em>total shareholder return</em> (TSR) and <em>share price return</em>. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. In the case of International Bancshares, it has a TSR of 109% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence!</p>
<div class="lb-trans"><p>在考虑投资回报时，重要的是要考虑_总股东回报_（TSR）与_股价回报_之间的差异。股价回报仅反映股价的变化，而 TSR 则包括股息的价值（假设它们被再投资）以及任何折扣资本筹集或分拆的好处。因此，对于支付丰厚股息的公司，TSR 通常远高于股价回报。在国际银行的案例中，过去五年的 TSR 为 109%。这超过了我们之前提到的股价回报。显然，股息支付在很大程度上解释了这种差异！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的视角</h2>
</div><p>International Bancshares shareholders are up 11% for the year (even including dividends). But that was short of the market average. It's probably a good sign that the company has an even better long term track record, having provided shareholders with an annual TSR of 16% over five years. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. Most investors take the time to check the data on insider transactions. You can click here to see if insiders have been buying or selling.</p>
<div class="lb-trans"><p>国际银行的股东今年上涨了 11%（即使包括股息）。但这低于市场平均水平。公司长期以来的表现更为出色，过去五年为股东提供了每年 16% 的 TSR。这可能是一个值得关注的企业，因为市场对其的持续积极反应。大多数投资者会花时间检查内部交易的数据。您可以点击这里查看内部人士是否在买入或卖出。</p>
</div><p>Of course, <strong>you might find a fantastic investment by looking elsewhere.</strong> So take a peek at this <strong>free</strong> list of companies we expect will grow earnings.</p>
<div class="lb-trans"><p>当然，<strong>您可能会通过寻找其他地方发现一个绝佳的投资机会。</strong> 所以请查看这份我们预计将增长收益的公司 <strong>免费</strong> 名单。</p>
</div><p><em>Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges.</em></p>
<div class="lb-trans"><p><em>请注意，本文中引用的市场回报反映了目前在美国交易所交易的股票的市场加权平均回报。</em></p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>移动基础设施用于国防和灾难</p>
</div><p>The next wave in robotics isn't humanoid. Its fully autonomous towers delivering 5G, ISR, and radar in under 30 minutes, anywhere.</p>
<div class="lb-trans"><p>下一波机器人技术不是人形的。它是完全自主的塔，在 30 分钟内提供 5G、ISR 和雷达，随处可用。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一轮合同之前获取投资者简报</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 赞助</p>
</div>

国际银行（NASDAQ:IBOC）的五年总股东回报率超过了其基础收益的增长