International Bancshares: 2Q Earnings Snapshot
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.