secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001558370-23-001861
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837023001861/0001558370-23-001861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837023001861/iboc-20230223x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-001861

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