<p>當我們投資時，通常會尋找那些表現優於市場平均水平的股票。購買被低估的企業是獲取超額回報的一種途徑。例如，<strong>國際銀行</strong>（NASDAQ:IBOC）的股價在過去五年中上漲了 84%，明顯超過了市場約 65% 的回報（不考慮股息）。然而，最近的回報並沒有那麼令人印象深刻，過去一年該股票的回報僅為 11%，包括股息。</p>
<p>儘管本週股價下跌了 4.2%，但值得關注的是長期表現，看看股票的歷史回報是否受到基本面的驅動。</p>
<p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
<p>雖然市場是一個強大的定價機制，但股價反映的是投資者情緒，而不僅僅是基礎業務表現。評估公司情緒變化的一個有缺陷但合理的方法是將每股收益（EPS）與股價進行比較。</p>
<p>在五年的股價增長中，國際銀行實現了每股收益（EPS）年複合增長率為 21%。EPS 的增長比同期每年股價增長的 13% 更為顯著。因此，市場似乎對該股票的熱情不再。合理較低的市盈率為 10.32 也表明市場的謹慎。</p>
<p>您可以在下面的圖像中看到 EPS 隨時間的變化（點擊圖表查看確切數值）。</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 每股收益增長 2025 年 12 月 23 日</p>
<p>查看我們關於國際銀行的收益、收入和現金流的 <strong>免費</strong> 報告可能非常值得。</p>
<h2>股息情況如何？</h2>
<p>在考慮投資回報時，重要的是要考慮_總股東回報_（TSR）與_股價回報_之間的差異。股價回報僅反映股價的變化，而 TSR 則包括股息的價值（假設它們被再投資）以及任何折扣資本籌集或分拆的好處。因此，對於支付豐厚股息的公司，TSR 通常遠高於股價回報。在國際銀行的案例中，過去五年的 TSR 為 109%。這超過了我們之前提到的股價回報。顯然，股息支付在很大程度上解釋了這種差異！</p>
<h2>不同的視角</h2>
<p>國際銀行的股東今年上漲了 11%（即使包括股息）。但這低於市場平均水平。公司長期以來的表現更為出色，過去五年為股東提供了每年 16% 的 TSR。這可能是一個值得關注的企業，因為市場對其的持續積極反應。大多數投資者會花時間檢查內部交易的數據。您可以點擊這裏查看內部人士是否在買入或賣出。</p>
<p>當然，<strong>您可能會通過尋找其他地方發現一個絕佳的投資機會。</strong> 所以請查看這份我們預計將增長收益的公司 <strong>免費</strong> 名單。</p>
<p><em>請注意，本文中引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。</em></p>
<p>移動基礎設施用於國防和災難</p>
<p>下一波機器人技術不是人形的。它是完全自主的塔，在 30 分鐘內提供 5G、ISR 和雷達，隨處可用。</p>
<p>在下一輪合同之前獲取投資者簡報</p>
<p>由 CiTech 贊助</p>

國際銀行

<p>國際銀行（International Bancshares Corporation，NASDAQ:IBOC）在過去五年中實現了 109% 的總股東回報率（TSR），超過了其 84% 的股價回報和基礎盈利增長。儘管最近股價下跌了 4.2%，但其長期年均 TSR 為 16%，表明市場反應積極。公司的每股收益（EPS）年增長率為 21%，超過了股價增長，顯示出市場對其低市盈率（P/E）10.32 的擔憂。股息在很大程度上解釋了 TSR 與股價回報之間的差異</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>當我們投資時，通常會尋找那些表現優於市場平均水平的股票。購買被低估的企業是獲取超額回報的一種途徑。例如，<strong>國際銀行</strong>（NASDAQ:IBOC）的股價在過去五年中上漲了 84%，明顯超過了市場約 65% 的回報（不考慮股息）。然而，最近的回報並沒有那麼令人印象深刻，過去一年該股票的回報僅為 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>儘管本週股價下跌了 4.2%，但值得關注的是長期表現，看看股票的歷史回報是否受到基本面的驅動。</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>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</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>雖然市場是一個強大的定價機制，但股價反映的是投資者情緒，而不僅僅是基礎業務表現。評估公司情緒變化的一個有缺陷但合理的方法是將每股收益（EPS）與股價進行比較。</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>在五年的股價增長中，國際銀行實現了每股收益（EPS）年複合增長率為 21%。EPS 的增長比同期每年股價增長的 13% 更為顯著。因此，市場似乎對該股票的熱情不再。合理較低的市盈率為 10.32 也表明市場的謹慎。</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>您可以在下面的圖像中看到 EPS 隨時間的變化（點擊圖表查看確切數值）。</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 每股收益增長 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>查看我們關於國際銀行的收益、收入和現金流的 <strong>免費</strong> 報告可能非常值得。</p>
</div><h2>What About Dividends?</h2>
<div class="lb-trans"><h2>股息情況如何？</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>在考慮投資回報時，重要的是要考慮_總股東回報_（TSR）與_股價回報_之間的差異。股價回報僅反映股價的變化，而 TSR 則包括股息的價值（假設它們被再投資）以及任何折扣資本籌集或分拆的好處。因此，對於支付豐厚股息的公司，TSR 通常遠高於股價回報。在國際銀行的案例中，過去五年的 TSR 為 109%。這超過了我們之前提到的股價回報。顯然，股息支付在很大程度上解釋了這種差異！</p>
</div><h2>A Different Perspective</h2>
<div class="lb-trans"><h2>不同的視角</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>國際銀行的股東今年上漲了 11%（即使包括股息）。但這低於市場平均水平。公司長期以來的表現更為出色，過去五年為股東提供了每年 16% 的 TSR。這可能是一個值得關注的企業，因為市場對其的持續積極反應。大多數投資者會花時間檢查內部交易的數據。您可以點擊這裏查看內部人士是否在買入或賣出。</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>當然，<strong>您可能會通過尋找其他地方發現一個絕佳的投資機會。</strong> 所以請查看這份我們預計將增長收益的公司 <strong>免費</strong> 名單。</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>請注意，本文中引用的市場回報反映了目前在美國交易所交易的股票的市場加權平均回報。</em></p>
</div><p>Mobile Infrastructure for Defense and Disaster</p>
<div class="lb-trans"><p>移動基礎設施用於國防和災難</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>下一波機器人技術不是人形的。它是完全自主的塔，在 30 分鐘內提供 5G、ISR 和雷達，隨處可用。</p>
</div><p>Get the investor briefing before the next round of contracts</p>
<div class="lb-trans"><p>在下一輪合同之前獲取投資者簡報</p>
</div><p>Sponsored On Behalf of CiTech</p>
<div class="lb-trans"><p>由 CiTech 贊助</p>
</div>

國際銀行（NASDAQ:IBOC）的五年總股東回報率超過了其基礎收益的增長