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Sep 30, 2020
IBC Q3 2020 Earnings Report
IBC's net income decreased compared to the same period last year.
Key Takeaways
International Bancshares Corporation reported a net income of $42.7 million for the three months ended September 30, 2020, a decrease of 16.9% compared to the same period in 2019. Diluted earnings per share were reported at $0.67, down 14.1% from $0.78 in 2019. The results were impacted by the economic downturn due to COVID-19 and low market rates.
Net income for the quarter was $42.7 million, a decrease of 16.9% year-over-year.
Diluted earnings per share were $0.67, a 14.1% decrease year-over-year.
Total assets reached $13.6 billion as of September 30, 2020.
Total net loans were $7.5 billion as of September 30, 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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