IBC Reports Stellar Earnings

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Nov 03, 2022

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, 2022 was $83.4 million or $1.34 diluted earnings per common share ($1.34 per share basic) compared to $54.6 million or $.86 diluted earnings per common share ($.86 per share basic) for the same period of 2021, which represents an increase of 55.8 percent in diluted earnings per share and an increase of 52.7 percent in net income. Net income for the first nine months of 2022 was $194.8 million or $3.09 diluted earnings per common share ($3.10 per share basic) compared to $197.4 million or $3.11 diluted earnings per common share ($3.12 per share basic) for the same period of 2021, which represents a decrease of .6 percent in diluted earnings per common share and a decrease of 1.3 percent in net income.