International Bancshares: first-half net income rises 81% to $202.1 million
International Bancshares reported net income of $202.1 million, or $3.25 diluted earnings per share, for the six months ended June 30, 2023, up 81.3% from $111.5 million, or $1.76 per share, a year earlier. The company attributed the gain mainly to higher net interest income, tied to its investment portfolio, interest earned at the Federal Reserve Bank and loan interest income. Total deposits and total assets declined from December 31, 2022, which shareholders may weigh alongside the earnings increase.
Key points
- Six-month net income was $202.1 million, or $3.25 diluted EPS, versus $111.5 million, or $1.76, in the same period of 2022
- Deposits were $11.9 billion at June 30, 2023, down from $12.7 billion at December 31, 2022
- Total assets were $14.9 billion at June 30, 2023, down from $15.5 billion at December 31, 2022
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing 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 August 03, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.