IBOC Q1 net income surges 90% to $101.6M; diluted EPS $1.63 vs $0.84 YoY

INTERNATIONAL BANCSHARES CORP

2023-Q1 EPS reported $1.63

Net income $101.6M ($1.63 diluted EPS), up 90% YoY from $53.5M ($0.84).
Net interest income boosted by Fed rate hikes; deposit competition allowed selective runoff.
Total assets $15.1B (down from $15.5B at Dec 31, 2022); deposits $12.3B (down from $12.7B).
Net loans $7.4B, up modestly from $7.3B at year-end 2022.
CEO reaffirms strong capital, liquidity, expense control; outlook positive despite uncertain economy.

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 0.95

INTERNATIONAL BANCSHARES CORP reported the three months ended March 31, 2023 results: net income $101.6 million, EPS $1.63 diluted earnings per common share.

Period: the three months ended March 31, 2023
Net income: $101.6 million
EPS: $1.63 diluted earnings per common share
Result: reported results

Exact text from the filing

On May 4, 2023, International Bancshares Corporation issued a news release announcing net income for the three months ended March 31, 2023.

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

INTERNATIONAL BANCSHARES CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-008024

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