secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001558370-24-001677
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837024001677/0001558370-24-001677-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837024001677/iboc-20240226x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001677

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