International Bancshares Q2 net income falls on higher credit loss provision

International Bancshares

06/08/2026 18:19

Overview
Texas bank holding company reported Q2 net income down 4% yr/yr
Net income for first half of 2026 rose 0.5% from prior year
Higher provision for credit losses offset gains from loan and investment portfolio growth

Outlook
Company says it will continue focus on balance sheet management and efficiency initiatives in H2 2026

Result Drivers
PORTFOLIO GROWTH - Co said increased size of investment and loan portfolios drove higher interest income
DEPOSIT RATE REDISTRIBUTION - Decrease in interest expense attributed to redistribution in rates paid on deposits
CREDIT LOSS PROVISION - Higher provision for credit loss expense offset gains, driven by loan portfolio growth and changes in non-accrual loan balances

Company press release: ID:nBw1MYL52a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
$95.8 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for International Bancshares Corp is $87.00, about 14.6% above its August 5 closing price of $75.90
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Reuters Recommended Reads
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Aug 5 - United Bancorporation of Alabama Q2 net income rises on deposit growth
Aug 5 - Security Bancorp Q2 net income rises on higher loan volumes

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)