International Bancshares Q1 net income falls 4.2% to $97.3 million
International Bancshares Corporation reported net income of $97.3 million, or $1.56 per diluted share, for the three months ended March 31, 2024. That was down 4.2% in net income and 4.3% in diluted EPS from $101.6 million, or $1.63 per diluted share, a year earlier. Management cited a higher provision for credit losses, mainly a charge-down of an impaired credit after a bankruptcy-related foreclosure, as a drag on results.
Key points
- Q1 2024 net income $97.3 million ($1.56 diluted EPS) vs. $101.6 million ($1.63) in Q1 2023
- Provision for credit losses increased, primarily from a charge-down of an impaired credit after a bankruptcy-related foreclosure
- Total assets $15.4 billion and deposits $12.0 billion at March 31, 2024, up from $15.1 billion and $11.8 billion at December 31, 2023
The filing
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 May 02, 2024.
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.