IBC Reports Strong Earnings

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Nov 04, 2021

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended Sept. 30, 2021 was $54.6 million or $.86 diluted earnings per common share ($.86 per share basic), compared to $42.7 million or $.67 diluted earnings per common share ($.68 per share basic) for the same period in 2020, representing an increase of 28.4 percent in diluted earnings per share and an increase of 27.9 percent in net income. Net income for the nine months ended Sept. 30, 2021 was $197.4 million or $3.11 diluted earnings per common share ($3.12 per share basic), compared to $119.1 million or $1.86 diluted earnings per common share ($1.86 per share basic) for the same period of 2020, representing an increase of 67.2 percent in diluted earnings per share and an increase of 65.7 percent in net income.