logo
Plus   Neg
Share
Email

International Bancshares Q4 Profit Down - Quick Facts

International Bancshares Corp. (IBOC) posted fourth-quarter net income applicable to common shareholders of $27.0 million, compared to $27.1 million in the comparable quarter last year. Earnings per share for the quarter was $0.40, same as last year.

Net income for fiscal 2011 applicable to common shareholders was $113.9 million, or $1.69 per share, down from $116.9 million or $1.72 per share in the prior year period.

Net interest income for fiscal 2011 was $324 thousand, compared to $345 thousand in the year-ago period, while non-interest income dropped to $201 thousand from $219 thousand last year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Walmart is ditching its dress code policy and is testing a new dress code that will allows "associates" to wear blue denim and shirts of any solid color. The updated dress coded guidelines now allow employees to wear blue "jeggings" and blue jeans and shirts of any solid color, according to a Walmart... Canadian investment firm Fairfax Financial Holdings Ltd. has submitted a "stalking horse" bid worth C$300 million, or $237 million, for the Canadian unit of Toys "R" Us, according to court documents. A stalking horse bid is an initial bid on the assets of a bankrupt company. The bankrupt company will choose an entity from a pool of bidders who will make the first bid on its assets. The car rental market in the U.S. is consolidating as large car rental companies are buying smaller, local companies to expand their portfolio of premium and value brands. The key players in the U.S. market include Enterprise Holdings, Hertz Global Holding and Avis Budget Group. Let's take a look at some of the best and worst car rental companies in the U.S.
Follow RTT