secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001558370-23-008024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837023008024/0001558370-23-008024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837023008024/iboc-20230504x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-008024

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