---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-001861"
form_type: "8-K"
ticker: "IBOC"
cik: "0000315709"
company_name: "INTERNATIONAL BANCSHARES CORP"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:25:47.525196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-001861
- form_type: 8-K
- ticker: IBOC
- cik: 0000315709
- company_name: INTERNATIONAL BANCSHARES CORP
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315709/000155837023001861/0001558370-23-001861-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315709/000155837023001861/iboc-20230223x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-001861
- JSON: https://secwatch.observer/filing/0001558370-23-001861.json
- Plain text: https://secwatch.observer/filing/0001558370-23-001861.txt

## Key facts
- Earnings Releases
  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
  source text: 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)
  evidence_url: https://www.sec.gov/Archives/edgar/data/315709/000155837023001861/0001558370-23-001861-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/315709/000155837023001861/0001558370-23-001861-index.htm

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