IBC Reports Earnings
2016年8月6日 - 2:15AM
ビジネスワイヤ(英語)
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, 2016 of $62.7
million, or $.95 diluted earnings per common share and
$.95 basic earnings per common share, compared to
$69.7 million, or $1.05 diluted earnings per common
share and $1.05 basic earnings per common share for the same
period of 2015, representing a decrease of 9.5 percent
diluted earnings per common share and a 10.0 percent
decrease in net income. Net income for the three months ended June
30, 2016 was $29.7 million, or $.45 diluted earnings
per common share and $.45 basic earnings per common share,
compared to $33.9 million or $.51 diluted earnings
per common share and $.51 basic earnings per common share
for the same period in 2015, representing a decrease of 11.8
percent in diluted earnings per common share and a 12.4
percent decrease in net income.
Net income for the three and six months ended June 30, 2016 was
negatively impacted by an increase in the provision for probable
loan losses as a result of an increase in the portion of the
allowance for probable loan losses calculated based on actual
historical loss experience in the commercial loan category of the
Company’s loan portfolio and losses charged to the allowance for
probable loan losses attributable to further deterioration of a
previously identified relationship primarily secured by multiple
pieces of transportation equipment.
“The Company continued to have earnings success for the first
six months of 2016. Management remains committed to achieving
superior earnings despite the continued regulatory challenges
facing the industry, and the difficult economic environment across
the United States and overseas. The Company continues to maintain
strong liquidity, focused expense control, sound credit
underwriting standards and a healthy investment strategy. We
continue to achieve earnings that are comparable to our peers based
on Bank Holding Company Performance Reports compiled by the Federal
Financial Institutions Examination Council, and are confident in
the strength of our balance sheet and our strong capital position,”
said Dennis E. Nixon, President and CEO.
Total assets at June 30, 2016 and December 31, 2015 were
$11.8 billion. Net loans were $5.9 billion at June
30, 2016 and December 31, 2015. Deposits were $8.4 billion
at June 30, 2016 and $8.5 billion at December 31,
2015.
IBC is a multi-bank financial holding company headquartered in
Laredo, Texas, with 204 facilities and more than 310 ATMs serving
88 communities in 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 future developments or events, expectations, plans,
projections or future performance of IBC and its subsidiaries, the
occurrence of which involve certain risks and uncertainties,
including those 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
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version on businesswire.com: http://www.businesswire.com/news/home/20160805005679/en/
International Bancshares CorporationJudith Wawroski,
956-722-7611Senior Vice President
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