IBC Net Income Falls 3.7% to $294.1 Million for Nine Months Ended September 30, 2024
International Bancshares reported net income of $294.1 million, or $4.72 per diluted share, for the nine months ended September 30, 2024, down from $305.4 million, or $4.91 per diluted share, a year earlier. Third-quarter net income fell to $99.8 million, or $1.60 per diluted share, from $103.3 million, or $1.66, in the same period of 2023. The company cited higher rates paid on deposits and increased non-interest expenses, including inflation-driven costs and higher salary and compensation costs, as factors weighing on results.
Key points
- Nine-month net income was $294.1 million, down 3.7% from $305.4 million; diluted EPS was $4.72, down 3.9% from $4.91.
- Three-month net income was $99.8 million, down 3.4% from $103.3 million; diluted EPS was $1.60 versus $1.66.
- Total assets were $15.9 billion at September 30, 2024, compared with $15.1 billion at December 31, 2023.
- Net interest income was pressured by higher interest expense, primarily from increased rates paid on deposits.
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 November 07, 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.