Loading...
•
Jun 30, 2024
IBC Q2 2024 Earnings Report
IBC reported a net income of $97.0 million and diluted EPS of $1.56 for the second quarter of 2024.
Key Takeaways
International Bancshares Corporation reported a net income of $97.0 million, a decrease of 3.5% compared to the same period last year. Diluted earnings per share decreased by 3.7% to $1.56. The results were supported by increased interest income, but negatively impacted by higher interest expenses on deposits and an increase in provision for credit losses.
Net income for Q2 2024 was $97.0 million, a 3.5% decrease year-over-year.
Diluted earnings per share for Q2 2024 were $1.56, a 3.7% decrease year-over-year.
Total assets reached $15.5 billion as of June 30, 2024.
Total net loans amounted to $8.1 billion as of June 30, 2024.