International Bancshares Q1 net income $97.3M ($1.56 EPS), down 4.2% YoY

INTERNATIONAL BANCSHARES CORP

2024-Q1 EPS reported $1.56

Net income $97.3M ($1.56 diluted EPS) vs $101.6M ($1.63) in Q1 2023, a 4.2% decrease.
Net interest income pressured by higher deposit costs; provision for credit losses rose on one impaired credit.
Total assets $15.4B, net loans $8.0B, deposits $12.0B, all slightly higher than Dec 2023.
CEO cites strong balance sheet and cost controls; no forward guidance provided.

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