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Stock impact report

IBC Reports Strong 2019 Earnings

International Bancshares Corporation (IBOC) 
US:NASDAQ Investor Relations: ibc.com/en-us/investors/pages/default.aspx
Company Research Source: Business Wire
LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2019 was $101.9 million or $1.55 diluted earnings per common share ($1.55 per share basic) compared to $106.3 million or $1.59 diluted earnings per common share ($1.61 per share basic) for the same period of 2018, representing a 3.7 percent decrease in diluted earnings per share and a 4.1 percent decrease in net income. Net income for the three months ended June 30, 2019 was $50.0 million or $.76 diluted earnings per common share ($.76 per share basic) compared to $52.9 million or $.79 diluted earnings per common share ($.80 per share basic) for the same period of 2018.Net income for the six months ended June 30, 2019 was positively affected by an increase in interest income due to a higher volume of loans and an increase in the overall yield of the loan portfolio offset somew Show less Read more
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