
International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2026 of $198.0 million or $3.18 diluted

<p xmlns="http://www.w3.org/1999/xhtml">
International Bancshares Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IBOC">IBOC</a>), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2026 of <b xmlns="http://www.w3.org/1999/xhtml">$198.0</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$3.18</b> diluted earnings per common share <b xmlns="http://www.w3.org/1999/xhtml">($3.18</b> per share basic), compared to <b xmlns="http://www.w3.org/1999/xhtml">$197.0</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$3.16</b> diluted earnings per common share (<b xmlns="http://www.w3.org/1999/xhtml">$3.17 </b>per share basic), which represents an increase of <b xmlns="http://www.w3.org/1999/xhtml">0.5%</b> in net income and <b xmlns="http://www.w3.org/1999/xhtml">0.6%</b> in diluted earnings per share over the corresponding period of 2025. Net income for the three months ended June 30, 2026 was <b xmlns="http://www.w3.org/1999/xhtml">$95.8</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$1.54</b> diluted earnings per common share (<b xmlns="http://www.w3.org/1999/xhtml">$1.54 </b>per share basic) compared to <b xmlns="http://www.w3.org/1999/xhtml">$100.1</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$1.61</b> diluted earnings per common share (<b xmlns="http://www.w3.org/1999/xhtml">$1.61 </b>per share basic), which represents a decrease of <b xmlns="http://www.w3.org/1999/xhtml">4.3%</b> in net income and <b xmlns="http://www.w3.org/1999/xhtml">4.3%</b> in diluted earnings per share over the corresponding period of 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Net income for the first six months of 2026 continued to be positively affected by interest earned on our investment and loan portfolios driven primarily by both an increase in the size of those portfolios and the current rate environment. Net interest income was also positively affected by a decrease in interest expense, primarily driven by a redistribution in rates paid on deposits. We continue to closely monitor rates paid on deposits to remain competitive to grow and retain deposits. The strong net income reported for 2026 compared to the same period of 2025 was negatively impacted by an increase in our provision for credit loss expense, driven primarily by an increase in the size of our loan portfolio, a change in the level of non-accrual loan balances and the reevaluation of the specific provisions for credit losses related to those loans. Although the provision for credit losses has increased, no actual losses on those loans have been, or may ever be, realized.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We are pleased with the consistency of our public company industry-leading financial results in the first half of 2026. We have historically been very focused and vigilant on delivering superior customer service, continued execution of our long-standing practices of balance sheet, asset, liability and liquidity management, strong cost controls, and evaluating processes for efficiencies across our organization using, among other things, AI initiatives, and we will continue to do so as we move through the second half of 2026. We know and believe that with continued focus on these established and long-standing practices, we will continue to deliver public company industry-leading financial results," said Dennis E. Nixon, president and CEO.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Total assets at June 30, 2026 were approximately <b xmlns="http://www.w3.org/1999/xhtml">$17.0</b> billion compared to approximately <b xmlns="http://www.w3.org/1999/xhtml">$16.6</b> billion at Dec. 31, 2025. Total net loans were approximately <b xmlns="http://www.w3.org/1999/xhtml">$9.7</b> billion at June 30, 2026, compared to approximately <b xmlns="http://www.w3.org/1999/xhtml">$9.3</b> billion at Dec. 31, 2025. Deposits were approximately <b xmlns="http://www.w3.org/1999/xhtml">$12.7</b> billion at June 30, 2026, compared to approximately <b xmlns="http://www.w3.org/1999/xhtml">$12.4</b> billion at Dec. 31, 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 165 facilities and 245 ATMs serving 75 communities in Texas and Oklahoma.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov%2Fedgar.shtml&amp;esheet=54585366&amp;newsitemid=20260806581504&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sec.gov%2Fedgar.shtml&amp;index=1&amp;md5=4cff6b27b9702be5669bc03a4f0943b4" shape="rect">http://www.sec.gov/edgar.shtml</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260806581504r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260806581504/en/" rel="nofollow">https://www.businesswire.com/news/home/20260806581504/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Judith Wawroski,
<br xmlns="http://www.w3.org/1999/xhtml"></br>Treasurer and Chief Financial Officer
<br xmlns="http://www.w3.org/1999/xhtml"></br>International Bancshares Corporation
<br xmlns="http://www.w3.org/1999/xhtml"></br>(956) 722-7611

</p>

IBOC

IBC Reports Strong Earnings for the First Six Months of 2026

IBC logs modest H1 2026 growth as NII rises and deposits remain competitive

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2026 of $198.0 million or $3.18 diluted</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>IBC posted 1H 2026 net income of $198.0 million and diluted EPS of $3.18, modestly higher than 2025. Q2 earnings declined to $95.8 million and $1.54 per diluted share. Net interest income benefited from larger portfolios and lower funding costs, while provisions for credit losses rose with loan growth and non-accruals, though no losses are realized. The catalyst is the rate environment and efficiency initiatives, with a likely near-term focus on NII stability and credit quality.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Six-month 2026 net income $198.0M; diluted EPS $3.18, up modestly vs 2025.</li><li>Q2 2026 net income $95.8M; diluted EPS $1.54, down 4.3% year over year.</li><li>Net interest income up on portfolio growth and lower deposit costs.</li><li>Provision for credit losses rose with loan growth and non-accruals; no realized losses yet.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>International Bancshares Corporation (IBOC)</strong>: Reports H1 2026 results; earnings growth driven by NII and asset growth, with higher credit provisions.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Category Type: Earnings. Fits as a formal earnings release detailing H1 results, quarterly figures, NII drivers, and credit provisions.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>NII growth driven by portfolio expansion and favorable rates supports earnings.</li><li>Deposit-rate competition and costs influence funding stability and margins.</li><li>Higher credit provisions tied to loan growth and non-accruals may cap upside.</li><li>AI-driven efficiency initiatives could improve cost control through H2 2026.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Six months ended June 30, 2026: net income $198.0M; diluted EPS $3.18.</li><li>Six months ended June 30, 2026: net income $198.0M; basic EPS $3.18.</li><li>Six months ended June 30, 2025: net income $197.0M; diluted EPS $3.16; basic $3.17.</li><li>Quarter ended June 30, 2026: net income $95.8M; diluted EPS $1.54; basic $1.54.</li><li>Quarter ended June 30, 2025: net income $100.1M; diluted EPS $1.61; basic $1.61.</li><li>Total assets at 6/30/2026: $17.0B; net loans $9.7B; deposits $12.7B.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Neutral-to-bullish near-term if NII holds up and credit quality remains stable over 6–12 months.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
International Bancshares Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/IBOC">IBOC</a>), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2026 of <b xmlns="http://www.w3.org/1999/xhtml">$198.0</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$3.18</b> diluted earnings per common share <b xmlns="http://www.w3.org/1999/xhtml">($3.18</b> per share basic), compared to <b xmlns="http://www.w3.org/1999/xhtml">$197.0</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$3.16</b> diluted earnings per common share (<b xmlns="http://www.w3.org/1999/xhtml">$3.17 </b>per share basic), which represents an increase of <b xmlns="http://www.w3.org/1999/xhtml">0.5%</b> in net income and <b xmlns="http://www.w3.org/1999/xhtml">0.6%</b> in diluted earnings per share over the corresponding period of 2025. Net income for the three months ended June 30, 2026 was <b xmlns="http://www.w3.org/1999/xhtml">$95.8</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$1.54</b> diluted earnings per common share (<b xmlns="http://www.w3.org/1999/xhtml">$1.54 </b>per share basic) compared to <b xmlns="http://www.w3.org/1999/xhtml">$100.1</b> million or <b xmlns="http://www.w3.org/1999/xhtml">$1.61</b> diluted earnings per common share (<b xmlns="http://www.w3.org/1999/xhtml">$1.61 </b>per share basic), which represents a decrease of <b xmlns="http://www.w3.org/1999/xhtml">4.3%</b> in net income and <b xmlns="http://www.w3.org/1999/xhtml">4.3%</b> in diluted earnings per share over the corresponding period of 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Net income for the first six months of 2026 continued to be positively affected by interest earned on our investment and loan portfolios driven primarily by both an increase in the size of those portfolios and the current rate environment. Net interest income was also positively affected by a decrease in interest expense, primarily driven by a redistribution in rates paid on deposits. We continue to closely monitor rates paid on deposits to remain competitive to grow and retain deposits. The strong net income reported for 2026 compared to the same period of 2025 was negatively impacted by an increase in our provision for credit loss expense, driven primarily by an increase in the size of our loan portfolio, a change in the level of non-accrual loan balances and the reevaluation of the specific provisions for credit losses related to those loans. Although the provision for credit losses has increased, no actual losses on those loans have been, or may ever be, realized.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"We are pleased with the consistency of our public company industry-leading financial results in the first half of 2026. We have historically been very focused and vigilant on delivering superior customer service, continued execution of our long-standing practices of balance sheet, asset, liability and liquidity management, strong cost controls, and evaluating processes for efficiencies across our organization using, among other things, AI initiatives, and we will continue to do so as we move through the second half of 2026. We know and believe that with continued focus on these established and long-standing practices, we will continue to deliver public company industry-leading financial results," said Dennis E. Nixon, president and CEO.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Total assets at June 30, 2026 were approximately <b xmlns="http://www.w3.org/1999/xhtml">$17.0</b> billion compared to approximately <b xmlns="http://www.w3.org/1999/xhtml">$16.6</b> billion at Dec. 31, 2025. Total net loans were approximately <b xmlns="http://www.w3.org/1999/xhtml">$9.7</b> billion at June 30, 2026, compared to approximately <b xmlns="http://www.w3.org/1999/xhtml">$9.3</b> billion at Dec. 31, 2025. Deposits were approximately <b xmlns="http://www.w3.org/1999/xhtml">$12.7</b> billion at June 30, 2026, compared to approximately <b xmlns="http://www.w3.org/1999/xhtml">$12.4</b> billion at Dec. 31, 2025.

</p><p xmlns="http://www.w3.org/1999/xhtml">
IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 165 facilities and 245 ATMs serving 75 communities in Texas and Oklahoma.

</p><p xmlns="http://www.w3.org/1999/xhtml">
"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.

</p><p xmlns="http://www.w3.org/1999/xhtml">
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 <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov%2Fedgar.shtml&amp;esheet=54585366&amp;newsitemid=20260806581504&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sec.gov%2Fedgar.shtml&amp;index=1&amp;md5=4cff6b27b9702be5669bc03a4f0943b4" shape="rect">http://www.sec.gov/edgar.shtml</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260806581504r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260806581504/en/" rel="nofollow">https://www.businesswire.com/news/home/20260806581504/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
Judith Wawroski,
<br xmlns="http://www.w3.org/1999/xhtml"></br>Treasurer and Chief Financial Officer
<br xmlns="http://www.w3.org/1999/xhtml"></br>International Bancshares Corporation
<br xmlns="http://www.w3.org/1999/xhtml"></br>(956) 722-7611

</p>

IBC posted 1H 2026 net income of $198.0 million and diluted EPS of $3.18, modestly higher than 2025. Q2 earnings declined to $95.8 million and $1.54 per diluted share. Net interest income benefited from larger portfolios and lower funding costs, while provisions for credit losses rose with loan growth and non-accruals, though no losses are realized. The catalyst is the rate environment and efficiency initiatives, with a likely near-term focus on NII stability and credit quality.

News insight

IBC Reports Strong Earnings for the First Six Months of 2026

AI summary

Sentiment rationale

Key facts

Earnings