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Stock impact report

IBC Reports Strong First Quarter 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 three months ended March 31, 2019 of $51.9 million or $0.79 diluted earnings per common share ($0.79 per share basic), compared to $53.4 million or $0.80 diluted earnings per common share ($0.81 per share basic) for the same period in 2018, representing a decrease of 1.3 percent in diluted earnings per share and a 2.8 percent decrease in net income. Net income for the three months ended March 31, 2019 was positively affected by an increase in net interest income due to a higher volume of loans and an increase in the overall yield of the loan portfolio, which was offset by an increase in interest expense primarily due to an increase in the cost of borrowings expense, and an increase in the interest paid on savings and time de Show less Read more
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