Every material Form 8-K Intl Bancshares filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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.
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.
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
International Bancshares reported 2023 net income of $411.8 million, or $6.62 per diluted share, up from $300.2 million, or $4.78 per diluted share, in 2022. Fourth-quarter net income was $106.4 million, up 1.0% from $105.4 million a year earlier, while total deposits and total assets declined over the year.
Full-year 2023 net income was $411.8 million, up 37.2% from $300.2 million in 2022
Diluted earnings per share were $6.62 for 2023, compared with $4.78 in 2022, an increase of 38.5%
Fourth-quarter 2023 net income was $106.4 million, compared with $105.4 million for the same period in 2022
Deposits were $11.8 billion at December 31, 2023, down from $12.7 billion; total assets were $15.1 billion, down from $15.5 billion
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Intl Bancshares filing is on SEC EDGAR ↗. 8-K briefs of other companies →