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Dec 31, 2019
IBC Q4 2019 Earnings Report
IBC reported a decrease in net income and diluted earnings per share for Q4 2019 compared to the same period in 2018.
Key Takeaways
International Bancshares Corporation reported net income of $51.7 million, or $0.78 diluted earnings per share, for the three months ended December 31, 2019. This represents a decrease compared to the $58.5 million, or $0.88 diluted earnings per share, for the same period in 2018.
Net income for Q4 2019 was $51.7 million, a decrease of 11.6% compared to Q4 2018.
Diluted earnings per share for Q4 2019 were $0.78, an 11.4% decrease compared to Q4 2018.
The decrease in net income was negatively impacted by an increase in the provision for probable loan losses due to a specific reserve and subsequent charge-off of $7.5 million, net of tax, on a relationship that was secured by real property on which car dealerships are operated.
Total assets reached $12.1 billion at the end of 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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