IBC Reports Strong Earnings for First Half of 2025

08/07/2025 – 01:56 PM

LAREDO, Texas–(BUSINESS WIRE)–International Bancshares Corporation (NASDAQ:IBOC), a major Texas-based independent bank holding company, announced today a robust performance for the second quarter of 2025. Net income reached $100.1 million, translating to diluted earnings per common share of $1.61 ($1.61 per share basic). This compares favorably to the $97.0 million, or $1.56 diluted earnings per share ($1.56 per share basic), reported for the same period in 2024, marking a solid 3.2% increase in both diluted earnings per share and net income.

The company’s performance over the first six months of 2025 also demonstrated positive momentum, with net income hitting $197.0 million, or $3.16 diluted earnings per share ($3.17 per share basic). This is an increase from the $194.3 million, or $3.12 diluted earnings per share ($3.13 per share basic), reported in the first half of 2024, representing a 1.4% rise in net income and a 1.3% increase in diluted earnings per share.

According to IBC, the increase was fueled by interest income growth stemming from its investment and loan portfolios, a direct result of their expanded size and the elevated interest rate environment currently in play. These high rates, of course, are a consequence of the Federal Reserve’s monetary policy actions over the past few years. While net interest income was partially offset by increased interest expenses, due primarily to competitive adjustments in deposit rates, IBC management says they are actively managing these rates to attract and retain deposits. A decrease in the provision for credit loss expense also contributed positively to the bottom line for the first half of the year.

“As we head into the second half of 2025, we’re extremely pleased with our industry-leading results,” stated Dennis E. Nixon, president and CEO. “We remain committed to delivering exceptional customer service, maintaining our time-tested balance sheet and liquidity management strategies, and exercising stringent cost controls while continually seeking efficiency improvements across the organization. We are confident that this disciplined approach, combined with strategic new initiatives, will enable us to continue delivering strong financial performance, particularly in light of the ongoing economic uncertainty both in the United States and globally. We believe this focus will continue to keep us at the top of the rankings against other publicly held banks in America.”

IBC’s balance sheet reflects its growth trajectory. Total assets stood at approximately $16.5 billion as of June 30, 2025, compared to $15.7 billion at the end of 2024. Total net loans reached approximately $9.0 billion, up from $8.7 billion at year-end 2024. Deposits also saw an increase, reaching approximately $12.5 billion compared to $12.1 billion at December 31, 2024.

International Bancshares Corporation, headquartered in Laredo, Texas, operates 166 facilities and 255 ATMs, serving 75 communities across Texas and Oklahoma.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward looking information with respect to plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties detailed in IBC’s filings with the Securities and Exchange Commission.

Copies of IBC’s SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml.

IBC Reports Strong Earnings for First Half of 2025