secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2022-02-24T23:59:59+00:00
Accession:  0001558370-22-001887
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837022001887/0001558370-22-001887-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837022001887/iboc-20220224x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-001887

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