IBC Q3 net income $103.3M, diluted EPS $1.66, up 23.9% YoY

INTERNATIONAL BANCSHARES CORP

2023-Q3 EPS reported $4.91

Nine-month net income $305.4M ($4.91 diluted EPS) vs $194.8M ($3.09) in 2022, a 56.8% increase.
Q3 net income $103.3M vs $83.4M; diluted EPS $1.66 vs $1.34, driven by higher net interest income.
Total assets $14.9B at Sep 30, 2023; net loans $7.7B (up from $7.3B Dec 2022); deposits $11.9B.
CEO cites Fed rate hikes, cost control, and strong liquidity as key to results.

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 three and nine months ended September 30, 2023 results: net income $103.3 million or $1.66 diluted earnings per common share ( $1.66 per share basic) for the three months; $305.4 million,.

Period: three and nine months ended September 30, 2023
Net income: $103.3 million or $1.66 diluted earnings per common share ( $1.66 per share basic) for the three months; $305.4 million,
Result: reported results

Exact text from the filing

On November 2, 2023, International Bancshares Corporation issued a news release announcing net income for the three and nine months ended September 30, 2023.

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INTERNATIONAL BANCSHARES CORP filing history →

Source: SEC EDGAR

accession 0001558370-23-017368

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