International Bancshares Corp. (IBOC) Monday reported a 18.9% decline in its fourth quarter profit for 2012, compared to the same period in 2011.
The Laredo, Texas-based company's fourth-quarter net income applicable to common shareholders was $21.9 million or $0.32 per share, compared to $27.0 million or $0.40 per share in the comparable quarter last year.
Net income available to common shareholders for the year ended December 31, 2012 was $93.5 million, or $1.39 per share, down from $113.9 million or $1.69 per share for the same period of 2011.
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