IBC reports 2021 net income $253.9M, diluted EPS $4.00, up 51.8% YoY

INTERNATIONAL BANCSHARES CORP

2021-FY EPS reported $4.00

Annual net income $253.9M ($4.00 diluted EPS) vs $167.3M ($2.62) in 2020; up 52.7% in diluted EPS.
Q4 2021 net income $56.5M ($0.89 diluted EPS) vs $48.2M ($0.76) a year ago; up 17.2%.
Results boosted by $42.8M after-tax gain from merchant banking investment sale in Q2.
Provision for credit losses decreased to $8.0M from $45.4M in 2020 as economic conditions improved.
Total assets $16.0B (vs $14.0B); deposits $12.6B (vs $10.7B) at Dec 31, 2021.

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