secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001558370-23-013140
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837023013140/0001558370-23-013140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837023013140/iboc-20230803x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-013140

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