International Bancshares Q1 net income rises 90% to $101.6 million
International Bancshares Corporation reported net income of $101.6 million, or $1.63 per diluted share, for the three months ended March 31, 2023, up from $53.5 million, or $0.84 per diluted share, a year earlier. The company attributed the increase mainly to higher net interest income, including interest on its investment portfolio, funds held at the Federal Reserve Bank, and loans. Total assets and deposits were lower at March 31, 2023 than at December 31, 2022.
Key points
- Net income for Q1 2023 was $101.6 million, up 90% from $53.5 million in Q1 2022
- Diluted EPS was $1.63, compared with $0.84 a year earlier, an increase of 94%
- Total assets were $15.1 billion at March 31, 2023, versus $15.5 billion at December 31, 2022
- Deposits were $12.3 billion at March 31, 2023, versus $12.7 billion at December 31, 2022
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 7:03 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.