secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001558370-21-014515
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837021014515/0001558370-21-014515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837021014515/iboc-20211104x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-21-014515

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