earnings
confidence high
sentiment positive
materiality 0.70
International Bancshares Q3 net income up 53% to $83.4M, EPS $1.34
INTERNATIONAL BANCSHARES CORP
2022-Q3 EPS reported
$3.09
- Q3 net income $83.4M ($1.34 diluted EPS) vs $54.6M ($0.86) in Q3 2021, increases of 53% and 56%.
- Nine-month net income $194.8M ($3.09 EPS) vs $197.4M; excluding $42.8M non-recurring 2021 gain, adjusted net income up 26%.
- Net interest income rose on Fed rate hikes and investment portfolio growth; expenses down ~15% in 2021 vs 2019.
- Total deposits $12.9B vs $12.6B at Dec 2021; net loans $6.9B vs $7.1B.
- CEO highlights strong capital, liquidity, and cost control; monitoring credit losses amid economic uncertainty.