IBC reports 2023 net income of $411.8M, up 37% YoY; diluted EPS $6.62

INTERNATIONAL BANCSHARES CORP

2023-FY EPS reported $6.62

Annual net income $411.8M ($6.62 diluted EPS) vs $300.2M ($4.78) in 2022, increases of 37.2% and 38.5%.
Q4 net income $106.4M ($1.71 diluted EPS) vs $105.4M ($1.68) a year ago, modest 1.0% increase.
Net interest income rose to $663.5M from $487.6M, driven by higher rates; deposits fell to $11.8B from $12.7B.
Provision for loan losses increased to $34.6M from $21.7M; total assets $15.1B vs $15.5B.
CEO cites strong capital and balance sheet management; ROA among top publicly traded bank holding companies.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

INTERNATIONAL BANCSHARES CORP reported twelve months ended December 31, 2023 results: net income $411.8 million, EPS $6.62 diluted earnings per common share.

Period: twelve months ended December 31, 2023
Net income: $411.8 million
EPS: $6.62 diluted earnings per common share
Result: reported results

Exact text from the filing

International Bancshares Corporation issued a news release announcing net income for the twelve months ended December 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 0001558370-24-001677

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