8-K

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): August 6, 2003

INTERNATIONAL BANCSHARES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Commission File Number 0-9439

Texas	74-2157138
(State or other Jurisdiction of incorporation or organization)	(I.R.S. Employer 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)

Item 5.  Other Events and Regulation FD Disclosure

On August 6, 2003, International Bancshares Corporation (“IBC”) issued a news release announcing that on August 6, 2003, its board of directors authorized IBC to expand its stock repurchase program.  The news release, attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.

All of the information furnished in Item 5 of this report and the accompanying exhibits are also intended to be included under “Item 9 – Regulation Fair Disclosure” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, is not subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.

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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: August 6, 2003

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EXHIBIT INDEX

Exhibit Number	Description
99	News Release of International Bancshares Corporation dated August 6, 2003

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EX-99

Exhibit 99

CONTACT:

Rosanne Palacios

Vice President of Marketing

International Bancshares Corporation

(956) 726-6636

Judith Wawroski

Vice President

International Bancshares Corporation

(956) 722-7611

FOR IMMEDIATE RELEASE:

International Bancshares Corporation Expands its Stock Repurchase Program

Laredo, Texas—(BUSINESS WIRE)—August 6, 2003—International Bancshares Corporation (NASDAQ:IBOC) announced that on August 6, 2003, its board of directors expanded its stock repurchase program.  The Company is now authorized to repurchase up to $175 million of its common stock through December 2003, compared to the prior authorization of $140 million through December 2003.  Stock repurchases may be made from time to time, on the open market or through private transactions.  Shares repurchased in this program will be held in treasury for reissue for various corporate purposes, including employee stock option plans.  As of August 5, 2003, a total of 3,481,931 shares had been repurchased under this program at a total cost of approximately $138.5 million, which shares are now reflected as 5,513,078 shares of treasury stock as adjusted for stock dividends.  The Company currently has invested approximately $159.4 million in treasury shares, which amount has been accumulated since the inception of the Company.

IBC is a $6.4 billion multi-bank financial holding company headquartered in Laredo, Texas, with more than 100 facilities and over 200 ATMs serving 34 communities including Houston, San Antonio, Corpus Christi, McAllen, Brownsville, Port Lavaca, Zapata, Eagle Pass and several others in the central, southern and Gulf Coast regions of Texas.

“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 SEC filings site located at http://www.sec.gov/edgar.shtml.