secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BANCSHARES CORP (IBOC)
CIK:        0000315709
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001558370-24-006501
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/315709/000155837024006501/0001558370-24-006501-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/315709/000155837024006501/iboc-20240502x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006501

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