IBC reports record 2022 net income of $300.2M; diluted EPS $4.78, up 19.5% YoY

INTERNATIONAL BANCSHARES CORP

2022-FY EPS reported $4.78

Annual net income $300.2M ($4.78 diluted EPS) vs $253.9M ($4.00) in 2021, up 18.2% and 19.5% respectively.
Q4 2022 net income $105.4M ($1.69 diluted EPS) vs $56.5M ($0.89) in Q4 2021, up 86.5% and 89.9%.
Net interest income rose to $487.6M from $371.3M, driven by higher rates and larger investment portfolio.
Non-interest expense fell 12.7% vs 2019, reflecting cost control initiatives; total assets $15.5B.
Deposits $12.7B, net loans $7.3B; strong capital and liquidity position cited by CEO.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERNATIONAL BANCSHARES CORP reported year ended December 31, 2022 results: net income $300.2 million, EPS $4.78 diluted earnings per common share.

Period: year ended December 31, 2022
Net income: $300.2 million
EPS: $4.78 diluted earnings per common share
Result: reported results

Exact text from the filing

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2022 of $300.2 million or $4.78 diluted earnings per common share ($ 4.79 per share basic)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INTERNATIONAL BANCSHARES CORP reported three months ended December 31, 2022 results: net income $ 105.4 million, EPS $1.69 diluted earnings per common share.

Period: three months ended December 31, 2022
Net income: $ 105.4 million
EPS: $1.69 diluted earnings per common share
Result: reported results

Exact text from the filing

Net income for the three months ended December 31, 2022 was $ 105.4 million or $1.69 diluted earnings per common share ( $1.69 per share basic), compared to $56.5 million or $.89 diluted earnings per common share ( $.90 per share basic) for the same period in 2021

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Source: SEC EDGAR

accession 0001558370-23-001861

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