IBC Reports 2020 Earnings

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Aug 06, 2020
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International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended June 30, 2020 was $41.5 million or $.65 diluted earnings per common share ($.66 per share basic), compared to $50.0 million or $.76 diluted earnings per common share ($.76 per share basic) for the same period in 2019, representing a decrease of 14.5 percentin diluted earnings per share and a decrease of 17.0 percent in net income. Net income for the six months ended June 30, 2020 was $76.3 million or $1.19 diluted earnings per common share ($1.19 per share basic), compared to $101.9 million or $1.55 diluted earnings per common share ($1.55 per share basic) for the same period of 2019, representing a decrease of 23.2 percent in diluted earnings per share and a decrease of 25.1 percent in net income.