International Bancshares: 2Q Earnings Snapshot

August 8, 2018

LAREDO, Texas (AP) _ International Bancshares Corp. (IBOC) on Tuesday reported second-quarter net income of $52.9 million.

The Laredo, Texas-based bank said it had earnings of 79 cents per share.

The financial holding company posted revenue of $157.4 million in the period. Its revenue net of interest expense was $144.6 million, exceeding Street forecasts.

International Bancshares shares have risen 14 percent since the beginning of the year. The stock has risen 27 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBOC at https://www.zacks.com/ap/IBOC

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