International Bancshares Corp

IBOC

Equity

ISIN US4590441030 / Valor 363570

NASDAQ (2024-12-24)

USD 64.41+0.42%

International Bancshares Corp
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About company

International Bancshares Corp is a financial holding company that provides banking and financial services through its subsidiaries primarily in Texas and Oklahoma.

Summarized from source with an LLMView SourceSector: Finance

Net Income

International Bancshares Corp reported net income of $97.3 million for the first quarter of 2024, a decrease from $101.6 million in the same period of 2023. This represents a 4.2% decline in net income year-over-year.

Earnings Per Share

The diluted earnings per common share for International Bancshares Corp in Q1 2024 were $1.56, down from $1.63 in Q1 2023. This marks a 4.3% decrease in diluted earnings per share.

Interest Income

International Bancshares Corp's net income for the first quarter of 2024 was positively impacted by an increase in interest income from its investment and loan portfolios. This increase was driven by both portfolio growth and rate changes due to Federal Reserve actions in 2022 and 2023.

Total Assets and Loans

As of March 31, 2024, International Bancshares Corp's total assets were $15.4 billion, up from $15.1 billion at the end of 2023. Total net loans increased to $8.0 billion from $7.9 billion over the same period.

Deposits

Deposits at International Bancshares Corp grew to $12.0 billion by the end of the first quarter of 2024, compared to $11.8 billion at December 31, 2023. This growth reflects the company's efforts to remain competitive in the current economic environment.

Summarized from source with an LLMView Source

Key figures

22.4%1Y

56.0%3Y

48.6%5Y

Performance

30.9%1Y

29.5%3Y

42.2%5Y

Volatility