IBC Reports Strong Earnings

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Aug 05, 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 June 30, 2021 was $92.0 million or $1.45 diluted earnings per common share ($1.45 per share basic), compared to $41.5 million or $.65 diluted earnings per common share ($.66 per share basic) for the same period in 2020, representing an increase of 123.1 percent in diluted earnings per share and an increase of 121.7 percent in net income. Net income for the six months ended June 30, 2021 was $142.8 million or $2.25 diluted earnings per common share ($2.25 per share basic), compared to $76.3 million or $1.19 diluted earnings per common share ($1.19 per share basic) for the same period of 2020, representing an increase of 89.1 percent in diluted earnings per share and an increase of 87.2 percent in net income.