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International Bancshares Q4 Profit Down - Quick Facts

International Bancshares Corp. (IBOC: Quote) 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 RTT Staff Writer

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