IBOC reports Q2 2023 net income $100.5M, diluted EPS $1.62, up 76% YoY

INTERNATIONAL BANCSHARES CORP

2023-Q2 EPS reported $3.25

Q2 net income $100.5M, diluted EPS $1.62 vs $0.92 YoY (+76%); six-month net income $202.1M, diluted EPS $3.25 vs $1.76 (+85%).
Net interest income rose from larger investment portfolio, higher Fed funds interest, and loan income due to rate hikes.
Total assets $14.9B (vs $15.5B Dec 2022); net loans $7.4B; deposits $11.9B (vs $12.7B Dec 2022).
CEO cites strong capital, liquidity, disciplined expense control, and deposit management for continued success.

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 June 30, 2023 results: net income $100.5 million, EPS $1.62 diluted earnings per common share.

Period: the three months ended June 30, 2023
Net income: $100.5 million
EPS: $1.62 diluted earnings per common share
Result: reported results

Exact text from the filing

Net income for the three months ended June 30, 2023 was $100.5 million or $1.62 diluted earnings per common share ( $1.62 per share basic) compared to $58.0 million or $ .92 diluted earnings per common share ($ .92 per share basic), which represents an increase of 73.3% in net income and an increase of 76.1% in diluted earnings per share over the corresponding period in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTERNATIONAL BANCSHARES CORP reported the six months ended June 30, 2023 results: net income $202.1 million, EPS $3.25 diluted earnings per common share.

Period: the six months ended June 30, 2023
Net income: $202.1 million
EPS: $3.25 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 net income for the six months ended June 30, 2023 of $ 202.1 million, or $3.25 diluted earnings per common share ( $3.25 per share basic) compared to $111.5 million or $1.76 diluted earnings per common share ( $1.77 per share basic) for the same period of 2022, which represents an increase of 81.3% in net income and an increase of 84.7% in diluted earnings per common share.

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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 0001558370-23-013140

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