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Sep 30, 2021
IBC Q3 2021 Earnings Report
Net income increased by 27.9% and diluted earnings per share increased by 28.4% compared to the same period in 2020.
Key Takeaways
International Bancshares Corporation reported a strong increase in net income for the three months ended September 30, 2021. Net income was $54.6 million, representing a 27.9% increase compared to the same period in 2020. Diluted earnings per share also increased by 28.4%.
Net income for Q3 2021 was $54.6 million, up from $42.7 million in Q3 2020.
Diluted earnings per share for Q3 2021 were $0.86, compared to $0.67 for the same period in 2020.
Total assets reached approximately $15.7 billion as of September 30, 2021.
Deposits were approximately $12.2 billion as of September 30, 2021.
IBC
IBC
Forward Guidance
The company did not provide forward guidance in the earnings report.