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AI brief of an SEC Form 8-K · Intl Bancshares (IBOC)

IBC Reports Nine-Month Net Income of $305.4 Million, Up 56.8% From 2022

Positive Impact 3 of 5 earnings Written later

International Bancshares reported net income of $305.4 million, or $4.91 per diluted share, for the nine months ended September 30, 2023, up from $194.8 million, or $3.09 per diluted share, a year earlier. Third-quarter net income rose 23.9% to $103.3 million, or $1.66 per diluted share, with the company citing higher net interest income tied to rising interest rates and its investment portfolio.

Key points

  • Nine-month net income of $305.4 million, up 56.8% from $194.8 million in 2022
  • Nine-month diluted EPS of $4.91, up 58.9% from $3.09
  • Third-quarter net income of $103.3 million, or $1.66 per diluted share, up 23.9% from $83.4 million
  • Total assets were $14.9 billion at September 30, 2023, down from $15.5 billion at December 31, 2022; deposits fell to $11.9 billion from $12.7 billion

The filing

CompanyIntl Bancshares (IBOC)
Form8-K, current report
Filed with the SECNov 2, 2023, 1:16 PM ET
Accession number0001558370-23-017368

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 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 November 02, 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.