---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-001887"
form_type: "8-K"
ticker: "IBOC"
cik: "0000315709"
company_name: "INTERNATIONAL BANCSHARES CORP"
filed_at: "2022-02-24T23:59:59+00:00"
generated_at: "2026-06-27T05:04:47.076277+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-22-001887
- form_type: 8-K
- ticker: IBOC
- cik: 0000315709
- company_name: INTERNATIONAL BANCSHARES CORP
- filed_at: 2022-02-24T23:59:59+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/315709/000155837022001887/0001558370-22-001887-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315709/000155837022001887/iboc-20220224x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-001887
- JSON: https://secwatch.observer/filing/0001558370-22-001887.json
- Plain text: https://secwatch.observer/filing/0001558370-22-001887.txt

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