---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-21-014515"
form_type: "8-K"
ticker: "IBOC"
cik: "0000315709"
company_name: "INTERNATIONAL BANCSHARES CORP"
filed_at: "2021-11-04T23:59:59+00:00"
generated_at: "2026-06-28T13:22:33.200845+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IBC Q3 net income $54.6M ($0.86 EPS), up 28% YoY; nine-month EPS $3.11, up 67%

## Summary
- Q3 2021 net income $54.6M ($0.86 diluted EPS) vs $42.7M ($0.67) in Q3 2020, a 28.4% increase.
- Nine-month net income $197.4M ($3.11 diluted EPS) vs $119.1M ($1.86) in 2020, up 67.2%.
- Results boosted by $42.8M net-of-tax gain on sale of merchant banking investment in Q2 2021.
- Credit loss expense decreased ~$24.9M net-of-tax as economic conditions improved, lowering provision.
- Total assets $15.7B, deposits $12.2B, net loans $7.3B; low rates continue pressuring net interest income.

## SEC filing metadata
- accession: 0001558370-21-014515
- form_type: 8-K
- ticker: IBOC
- cik: 0000315709
- company_name: INTERNATIONAL BANCSHARES CORP
- filed_at: 2021-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315709/000155837021014515/0001558370-21-014515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315709/000155837021014515/iboc-20211104x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-21-014515
- JSON: https://secwatch.observer/filing/0001558370-21-014515.json
- Plain text: https://secwatch.observer/filing/0001558370-21-014515.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.