International Bancshares Stock Price, News & Analysis

International Bancshares Corporation (NASDAQ: IBOC) reported a net income of $111.5 million for the first half of 2022, reflecting a 21.9% decrease compared to $142.8 million in the same period of 2021. Diluted EPS for the same timeframe fell 21.8% to $1.76. A significant factor was a non-recurring gain from an equity sale in 2021. Total assets rose to $16.3 billion, while net loans decreased to $6.9 billion. The company continues to manage expenses proactively amidst economic challenges.

International Bancshares Corporation (NASDAQ: IBOC) reported a net income of $53.5 million for Q1 2022, up 5.3% year-over-year. Diluted earnings per share increased to $.84 from $.80. The company achieved an approximate 12% decrease in expenses for Q1 2022 compared to Q1 2019. Total assets increased to $16.1 billion, while total net loans decreased to $6.9 billion. Deposits rose to $12.8 billion. IBC emphasizes continued expense control and plans to focus on growing non-interest income amid economic challenges.

International Bancshares Corporation (IBOC) announced the appointment of Diana G. Zuniga to its Board of Directors on February 23, 2022, filling the vacancy left by Irving Greenblum's retirement. The board unanimously supported her appointment, highlighting her extensive experience in real estate and community leadership. Zuniga has been an advisory director for IBC Austin since 2005 and founded Investors Alliance, Inc. in 1996. IBC operates with total assets of $16.0 billion, serving numerous communities in Texas and Oklahoma.

International Bancshares Corporation (NASDAQ:IBOC) reported an impressive $253.9 million in net income for 2021, reflecting a 52.7% increase in diluted earnings per share to $4.00. The fourth quarter yielded $56.5 million in net income, up 17.2% year-over-year. Key factors boosting results included a $42.8 million gain from an equity interest sale and a reduced provision for credit losses. Total assets rose to $16.0 billion, while net loans slightly decreased to $7.1 billion. Deposits climbed to $12.6 billion, indicating strong financial health.

International Bancshares Corporation (IBOC) declared a cash dividend of .60 cents per share for shareholders of record as of Feb. 15, 2022. The payment date is set for Feb. 28, 2022. This decision reflects the company's strong financial performance and solid capital position, benefiting from the 2017 Tax Cuts and Jobs Act. Going forward, dividends are likely to be paid in February and August. IBC holds approximately $15.7 billion in total assets and operates 169 facilities across Texas and Oklahoma.

International Bancshares Corporation (NASDAQ:IBOC) reported a net income of $54.6 million for Q3 2021, marking a 28.4% increase in diluted EPS to $.86. For the nine months ended Sept. 30, 2021, net income reached $197.4 million, a 67.2% rise in diluted EPS to $3.11. The increase was influenced by a $42.8 million equity sale and a reduction in credit loss provisions. However, net interest income remains pressured by sustained low interest rates set by the Federal Reserve.

International Bancshares Corporation (NASDAQ: IBOC) welcomes the Biden administration's plan to relax travel restrictions from Mexico and Canada, effective November. These restrictions have adversely affected the border economy since March 2020.

IBC Bank's president noted that Mexican shoppers account for 40-45% of Laredo's retail activity, highlighting the significant economic impact of the border closure. The lifting of restrictions may restore traditional community interactions as the holiday season approaches.

International Bancshares Corporation (IBOC) declared a $0.60 per share cash dividend on Aug. 3, 2021, for shareholders of record by Aug. 20, payable on Sept. 3. This marks a 9% increase from the previous dividend, attributed to the company's strong financial performance and capital position bolstered by the 2017 Tax Cut and Jobs Act. IBC operates with approximately $15.3 billion in total assets across 186 facilities and 281 ATMs in Texas and Oklahoma.

International Bancshares Corporation (NASDAQ:IBOC) reported a significant increase in net income for Q2 2021, reaching $92.0 million, up 123.1% year-over-year. Diluted earnings per share also rose to $1.45 from $0.65 in Q2 2020. For the first half of 2021, net income totaled $142.8 million, a 87.2% increase. The strong performance was attributed to a $42.8 million equity sale and decreased credit loss provisions. However, net interest income remains under pressure due to lower interest rates. Total assets grew to approximately $15.3 billion, while deposits increased to $11.9 billion.