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Mar 31, 2024
IBC Q1 2024 Earnings Report
Net income decreased due to provision for credit losses, but was positively impacted by increased interest income.
Key Takeaways
International Bancshares Corporation reported a net income of $97.3 million for Q1 2024, a decrease of 4.2% compared to Q1 2023. The results were positively impacted by increased interest income from investment and loan portfolios, but negatively impacted by increased provision for credit losses.
Net income for Q1 2024 was $97.3 million, a decrease of 4.2% compared to Q1 2023.
Diluted earnings per share were $1.56, a decrease of 4.3% compared to $1.63 in Q1 2023.
Total assets increased to $15.4 billion as of March 31, 2024, compared to $15.1 billion at the end of 2023.
Total net loans were $8.0 billion and deposits were $12.0 billion as of March 31, 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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