IBC Reports 67 Percent Increase in First Quarter 2018 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 first quarter net income for 2018 of $53.4 million or $.80 diluted earnings per common share ($.81 per share basic) compared to $32.0 million or $.48 diluted per common share ($.48 per share basic), which represents a 67 percent increase in net income and a 67 percent increase in diluted earnings per share over the corresponding period of 2017. Net income for the three months ended March 31, 2018 was positively impacted 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. Interest expense increased slightly for the same period and can be attributed to an increase in the cost of borrowings expense, which has increased as a result of recent Federal Reserve Board actions
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IBOC
Sec Filings
- 4/22/24 - Form ARS
- 4/22/24 - Form DEFA14A
- 4/22/24 - Form DEF
- IBOC's page on the SEC website