secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2021-08-05T23:59:59+00:00
Accession:  0001558370-21-010470
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBC Q2 net income $92M, EPS $1.45, up 123% YoY; includes $42.8M investment sale gain
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837021010470/0001558370-21-010470-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837021010470/iboc-20210805x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-010470

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer