IBC Q1 net income rises 5.3% to $53.5M, EPS $0.84 vs $0.80 YoY

INTERNATIONAL BANCSHARES CORP

2022-Q1 EPS reported $0.84

Net income $53.5M vs $50.8M in Q1 2021, up 5.3%; diluted EPS $0.84 vs $0.80.
Operating expenses cut ~12% vs Q1 2019; management cites expense control focus.
Total assets $16.1B at March 31, 2022; net loans $6.9B, deposits $12.8B.
CEO notes strong capital, liquidity, and relationship deposits despite pandemic lingering effects.

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