earnings
confidence high
sentiment positive
materiality 0.85
IBC Q2 net income $92M, EPS $1.45, up 123% YoY; includes $42.8M investment sale gain
INTERNATIONAL BANCSHARES CORP
2021-Q2 EPS reported
$2.25
- Net income Q2 2021 $92.0M ($1.45 diluted EPS) vs $41.5M ($0.65) in Q2 2020, +123.1% EPS.
- Six-month net income $142.8M ($2.25 EPS) vs $76.3M ($1.19) in 2020, +89.1% EPS.
- Quarter included $42.8M net after-tax gain from sale of equity interest in merchant banking investment.
- Credit loss expense decreased ~$20.1M net of tax vs prior year as economic conditions stabilized.
- Total assets $15.3B at June 30, 2021; deposits $11.9B, up from $10.7B at Dec 31, 2020.