International Bancshares (US:IBOC) Businesswireยท2025-11-06 17:09Core Insights - International Bancshares Corporation (IBC) reported strong earnings for Q3 2025, with net income of $108.4 million, representing an 8.8% increase in diluted earnings per share compared to Q3 2024 [1][2] - For the first nine months of 2025, net income was $305.4 million, a 3.8% increase from the same period in 2024 [1][2] - The company continues to focus on customer service and efficient management practices, including the implementation of AI initiatives to enhance operational efficiency [3] Financial Performance - Q3 2025 net income: $108.4 million or $1.74 diluted earnings per share, compared to $99.8 million or $1.60 diluted earnings per share in Q3 2024 [1] - Nine-month net income for 2025: $305.4 million or $4.91 diluted earnings per share, compared to $294.1 million or $4.72 diluted earnings per share in the same period of 2024 [1] - Interest income from investment and loan portfolios positively impacted net income, while interest expense increased due to higher rates on deposits [2] Asset and Loan Growth - Total assets as of September 30, 2025, were approximately $16.6 billion, up from $15.7 billion at the end of 2024 [4] - Total net loans reached approximately $9.2 billion as of September 30, 2025, compared to $8.7 billion at the end of 2024 [4] - Deposits increased to approximately $12.5 billion as of September 30, 2025, from approximately $12.1 billion at the end of 2024 [4] Company Overview - IBC is a multi-bank financial holding company headquartered in Laredo, Texas, operating 166 facilities and 255 ATMs across 75 communities in Texas and Oklahoma [5]