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Dec 31, 2024
IBC Q4 2024 Earnings Report
IBC reported strong earnings for Q4 2024 with increases in net income and diluted EPS.
Key Takeaways
International Bancshares Corporation reported a strong fourth quarter for 2024, with net income increasing by 8.2% and diluted earnings per common share increasing by 8.1% compared to the same period in 2023. Total assets, net loans, and deposits also saw increases.
Net income for Q4 2024 was approximately $115.1 million, an 8.2% increase from Q4 2023.
Diluted earnings per common share for Q4 2024 were $1.85, an 8.1% increase from Q4 2023.
Total assets increased to approximately $15.7 billion at December 31, 2024, up from $15.1 billion at December 31, 2023.
Total net loans increased to approximately $8.7 billion at December 31, 2024, up from $7.9 billion at December 31, 2023.
IBC
IBC
Forward Guidance
The company expects to continue its industry-leading financial results into 2025 by focusing on superior customer service, balance sheet management, cost controls, and efficiency improvements.
Positive Outlook
- Continued focus on delivering superior customer service.
- Continued execution of long-standing practices of balance sheet, asset, liability, and liquidity management.
- Strong cost controls.
- Evaluating processes for efficiencies across the organization.
- Belief that continued focus on established practices and new initiatives will deliver industry-leading financial results.