IBC's Strong Earnings Continue in the First Quarter of 2024
IBC's Strong Earnings Continue in the First Quarter of 2024
LAREDO, Texas (BUSINESS WIRE)-May 2, 2024-International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended March 31, 2024 of $97.3 million or $1.56 diluted earnings per common share ($1.57 per share basic) compared to $101.6 million or $1.63 diluted eamings per common share ($1.64 per share basic), which represents a decrease of 4.3% in diluted earnings per share and a 4.2% decrease in net income over the corresponding period in 2023.
得克薩斯州拉雷多(美國商業資訊)——2024年5月2日——德克薩斯州最大的獨立銀行控股公司之一國際銀行股份公司(納斯達克股票代碼:IBOC)今天公佈截至2024年3月31日的三個月淨收益爲9,730萬美元,攤薄後每股普通股收益爲1.56美元(基本每股收益1.57美元),而普通股攤薄後每股收益爲1.63美元(基本每股收益1.64美元)),這意味着與2023年同期相比,攤薄後每股收益下降了4.3%,淨收益下降了4.2%。
Net income for the first quarter of 2024 continues to be positively impacted by an increase in interest income earned on our investment and loan portfolios. The increase in interest is being driven by both an increase in the size of our investment and loan portfolios, as well as rate changes as a result of the Federal Reserve Board actions to raise interest rates in 2022 and 2023. Net interest income has been impacted by an increase in interest expense, primarily driven by increases in rates paid on deposits throughout the latter part of 2023. We continue to closely monitor and adjust rates paid on deposits to remain competitive in the current economic environment and retain deposits. Net income for the period was negatively impacted by an increase in our provision for credit losses, which was primarily impacted by a charge-down of an impaired credit after the results of a bankruptcy related foreclosure.
2024年第一季度的淨收入繼續受到我們的投資和貸款組合利息收入增加的積極影響。利息增長是由我們的投資和貸款組合規模的增加以及聯儲局委員會在2022年和2023年採取行動提高利率所導致的利率變動所推動的。淨利息收入受到利息支出增加的影響,這主要是由2023年下半年存款利率提高所致。我們將繼續密切監控和調整存款利率,以在當前的經濟環境中保持競爭力並保留存款。該期間的淨收入受到信貸損失準備金增加的負面影響,信貸損失準備金的增加主要受破產相關止贖結果公佈後減值信貸扣除的影響。
"We are pleased with our continued success in 2024. We are also extremely pleased to have been ranked first in the S&P Global Market Intelligence best-performing Public Banks for 2023 listing and third in the Forbes America's Best Banks listing. Our team is highly focused on 'Doing More to deliver exceptional service and innovative products to our customers, as well as continuing our long-standing practices of balance sheet, asset liability and liquidity management. Those initiatives, coupled with strong cost controls and continued identification of opportunities for efficiencies across our system will continue to deliver positive financial results and ideally keep us at the top of the rankings in 2024," said Dennis E. Nixon, president and CEO.
“我們對2024年的持續成功感到高興。我們也非常高興在標普全球市場情報2023年上市表現最佳的公共銀行中名列第一,在《福布斯美國最佳銀行》榜單中排名第三。我們的團隊高度重視 “做得更多”,爲客戶提供卓越的服務和創新產品,並延續我們在資產負債表、資產負債和流動性管理方面的長期做法。這些舉措,加上強有力的成本控制和對整個系統效率機會的持續發現,將繼續帶來積極的財務業績,理想情況下,我們將保持在2024年的排名榜首。” 總裁兼首席執行官丹尼斯·尼克松說。
Total assets at March 31, 2024 were $15.4 billion compared to $15.1 billion at December 31, 2023. Total net loans were $8.0 billion at March 31, 2024 compared to $7.9 billion at December 31, 2023. Deposits were $12.0 billion at March 31, 2024 compared to $11.8 billion at December 31, 2023.
IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 166 facilities and 256 ATMs serving 75 communities in Texas and Oklahoma.
截至2024年3月31日,總資產爲154億美元,而截至2023年12月31日爲151億美元。截至2024年3月31日,淨貸款總額爲80億美元,而截至2023年12月31日爲79億美元。截至2024年3月31日,存款額爲120億美元,而截至2023年12月31日爲118億美元。
IBC是一家多銀行金融控股公司,總部位於德克薩斯州拉雷多,擁有166個設施和256臺自動櫃員機,爲德克薩斯州和俄克拉荷馬州的75個社區提供服務。
"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.
根據1995年《私人證券訴訟改革法》發表的 “安全港” 聲明:本新聞稿中包含的非歷史事實的陳述包含有關IBC及其子公司的計劃、預測或未來業績的前瞻性信息,這些信息的發生涉及IBC向美國證券交易委員會提交的文件中詳述的某些風險和不確定性。
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的美國證券交易委員會文件和年度報告(作爲10-K的附錄)的副本可以從美國證券交易委員會申報網站下載,該網站位於 http://www.sec.gov/edgar.shtml。