first nine months of 2026
Filed Nov 5, 2026IBC Reports Strong Earnings for the First Nine Months of 2026
Net income and diluted earnings per share increased for both the three-month and nine-month periods ended September 30, 2026, while total assets, net loans, and deposits were higher than at December 31, 2025.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Net income, three months ended September 30, 2026other | $114.5M | – | 5.6% |
| Diluted earnings per common share, three months ended September 30, 2026other | $1.84 diluted earnings per common share | – | 5.7% |
| Basic earnings per common share, three months ended September 30, 2026other | $1.84 per share basic | – | – |
| Net income, nine months ended September 30, 2026other | $312.5M | – | 2.3% |
| Diluted earnings per common share, nine months ended September 30, 2026other | $5.02 diluted earnings per common share | – | 2.2% |
| Basic earnings per common share, nine months ended September 30, 2026other | $5.02 per share basic | – | – |
| Total assets at September 30, 2026other | approximately $17.3 billion | – | – |
| Total net loans at September 30, 2026other | approximately $9.6 billion | – | – |
| Deposits at September 30, 2026other | approximately $12.9 billion | – | – |
What drove it
- Net income for the first nine months of 2026 was positively affected by interest earned on investment and loan portfolios, driven primarily by an increase in the size of those portfolios and the current rate environment.
- Net interest income was positively affected by a decrease in interest expense, primarily driven by a redistribution in rates paid on deposits.
- Net income for the same period was positively impacted by earnings from other investments.
- The company said it continues to closely monitor rates paid on deposits to remain competitive to grow and retain deposits.
Concerns
- The release does not provide numerical net interest income, interest income, interest expense, net interest margin, credit-quality, or allowance metrics.
- The nine-month net-income increase of 2.3% was lower than the 5.6% increase reported for the three months ended September 30, 2026.
- The release provides no forward financial guidance.
What to watch
- Rates paid on deposits and the company's ability to remain competitive in growing and retaining deposits.
- The contribution from interest earned on investment and loan portfolios in the current rate environment.
- Earnings from other investments.
- Execution of balance sheet, asset, liability, liquidity, and cost-control practices during the last quarter of 2026.
Balance sheet and cash flow
- Total assets at September 30, 2026, were approximately $17.3 billion compared to approximately $16.6 billion at December 31, 2025.
- Total net loans were approximately $9.6 billion at September 30, 2026, compared to approximately $9.3 billion at December 31, 2025.
- Deposits were approximately $12.9 billion at September 30, 2026, compared to approximately $12.4 billion at December 31, 2025.
Analysis
International Bancshares reported net income of $312.5 million for the nine months ended September 30, 2026, compared with $305.4 million for the corresponding period of 2025. Diluted earnings per common share were $5.02, compared with $4.91. The three-month period ended September 30, 2026 produced net income of $114.5 million and diluted earnings per common share of $1.84, compared with $108.4 million and $1.74, respectively, in the corresponding period of 2025.
Management attributed first-nine-month earnings to interest earned on the investment and loan portfolios, citing both larger portfolios and the current rate environment. It also said net interest income benefited from lower interest expense, primarily due to a redistribution in rates paid on deposits. Earnings from other investments were an additional positive contributor.
Balance-sheet balances increased versus December 31, 2025. Total assets were approximately $17.3 billion at September 30, 2026, compared with approximately $16.6 billion. Total net loans were approximately $9.6 billion, compared with approximately $9.3 billion, and deposits were approximately $12.9 billion, compared with approximately $12.4 billion. These reported increases align with management's reference to growth in its investment and loan portfolios and its focus on deposit growth and retention.
The release does not provide a numerical breakdown of net interest income, interest expense, margins, credit quality, operating expenses, cash flow, capital returns, or capital levels. This limits assessment of the underlying earnings mix and the cost of deposit funding. The reported nine-month net-income increase was 2.3%, while the three-month net-income increase was 5.6%.
Management gave no quantified financial outlook. Its stated priorities for the last quarter of 2026 are customer service, balance-sheet, asset, liability and liquidity management, cost controls, process efficiencies including AI initiatives, and monitoring deposit rates. The company also noted its move to the Texas Stock Exchange on October 19, 2026.
Management, verbatim
As we move to the last quarter of 2026, we continue to be pleased with the consistency of our public company industry-leading financial results. We have historically been very focused and vigilant on delivering superior customer service, continued execution of our long-standing practices of balance sheet, asset, liability and liquidity management, strong cost controls, and evaluating processes for efficiencies across our organization using, among other things, AI initiatives, and we will continue to do so as we move through the last quarter of 2026. We know that with continued focus on these established and long-standing practices, we will continue to deliver public company industry-leading financial results.
Dennis E. Nixon, President and CEO
In addition, we were delighted to announce our move to the Texas Stock Exchange (TXSE) on October 19, 2026. Our investment and support in this new exchange marks the beginning of a new partnership. We are delighted to be one of the initial corporate listers on TXSE, bringing more financial services to Texas.
Dennis E. Nixon, President and CEO
Not in the filing
stated, not guessed- Total revenue or total income
- Revenue or income by segment
- Net interest income amount
- Interest income amount
- Interest expense amount
- Net interest margin
- Gross margin
- Operating income
- Operating expenses
- Provision for credit losses
- Credit-quality metrics, including nonperforming assets, charge-offs, and allowance for credit losses
- Income tax expense or effective tax rate
- GAAP or non-GAAP designation for reported earnings metrics
- Non-GAAP metrics and reconciliations
- Operating cash flow
- Free cash flow
- Cash balance
- Debt or borrowings balance
- Capital ratios
- Share repurchases
- Dividends
- Forward financial guidance
- Prior-quarter comparison figures
- Prior-year balances for total assets, total net loans, and deposits
Written by an AI language model from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure is checked against the filing text, and a metric the filing does not print, or whose value, prior period and change do not add up, is dropped from the metrics. The model can still misread a table, in the metrics or in the text, so check a number in the filing before you rely on it. Consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.