IBC reports Q3 2024 net income $99.8M, diluted EPS $1.60; 9M EPS $4.72, down 3.9% YoY

INTERNATIONAL BANCSHARES CORP

2024-Q3 EPS reported $4.72

Q3 net income $99.8M ($1.60 diluted EPS) vs $103.3M ($1.66) in Q3 2023, down 3.4% and 3.6% respectively.
9M 2024 net income $294.1M ($4.72 diluted EPS) vs $305.4M ($4.91) in 9M 2023, down 3.7% and 3.9%.
Net interest income pressured by higher deposit costs; non-interest expenses rose due to inflation and salary costs.
Total assets $15.9B, net loans $8.4B, deposits $12.1B at Sept 30, 2024 vs Dec 31, 2023.
CEO Dennis Nixon cites industry-leading results, focus on balance sheet management and cost controls.

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