International Bancshares first-half net income falls 3.9% to $194.3 million
International Bancshares Corporation reported net income of $194.3 million, or $3.12 diluted earnings per share, for the six months ended June 30, 2024, down 3.9% in net income and 4.0% in diluted EPS from the same period in 2023. Net income for the second quarter was $97.0 million, or $1.56 per diluted share, down from $100.5 million, or $1.62, a year earlier, and the company cited a higher provision for credit losses as a drag on results.
Key points
- Six-month net income was $194.3 million, or $3.12 diluted EPS, versus $202.1 million, or $3.25, in the first half of 2023.
- Three-month net income was $97.0 million, or $1.56 diluted EPS, versus $100.5 million, or $1.62, in the second quarter of 2023.
- The higher provision for credit losses was primarily driven by a charge-down of an impaired credit after a bankruptcy-related foreclosure.
- Total assets were $15.5 billion and deposits were $12.0 billion at June 30, 2024.
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 August 01, 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.