logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
French car maker Renault SA reported Friday higher profit in its fiscal 2015, with strong growth in automotive profit and revenues. The company announced higher dividend. Looking ahead, for fiscal 2016, Renault expects to increase group revenues at constant exchange rates and improve group operating margin. Shares of Rolls-Royce Holdings Plc were gaining around 13 percent in the morning trading in London after the engine maker reported more-than doubled profit in its fiscal year 2015, with lower one-time items. Underlying earnings were hurt by weakness in Marine markets. Further, the company halved its dividends, and still expects lower revenues next year. German steel giant ThyssenKrupp AG reported a loss in its first quarter, compared to last year's profit as sales and orders were hurt by sharp deterioration in materials businesses. The company said its overall performance in the first quarter was within its full-year forecast corridor. Looking ahead, the company continues to expect higher net income and flat sales for fiscal 2016.
comments powered by Disqus
Follow RTT