For the six months, net income rose to $197.0 million compared to $194.3 million last year
LAREDO: International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, reported second-quarter net income of $100.1 million, or $1.61 per diluted share, up 3.2% from $97.0 million, or $1.56 per diluted share, in the same period last year.
For the six months ended June 30, 2025, net income rose to $197.0 million, or $3.16 per diluted share, compared to $194.3 million, or $3.12 per diluted share, in the first half of 2024. The company attributed the earnings growth to increased interest income from its expanding investment and loan portfolios, supported by elevated interest rates. A decline in credit loss provisions also contributed to the improved results.
However, net interest income was partially offset by higher deposit costs, as the bank adjusted rates to remain competitive. “We continue to be extremely pleased with our industry-leading financial results,” said Dennis E. Nixon, president and CEO. “Our focus on balance sheet management, cost controls, and operational efficiencies positions us well amid ongoing economic uncertainty.”
As of June 30, 2025, total assets reached $16.5 billion, up from $15.7 billion at year-end 2024. Net loans grew to $9.0 billion from $8.7 billion, while deposits rose to $12.5 billion from $12.1 billion.
Headquartered in Laredo, Texas, IBC operates 166 facilities and 255 ATMs across 75 communities in Texas and Oklahoma.