International Bancshares Corp.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 5 November 2026: press release. The quarter’s numbers.

Key takeaways

Third-quarter net income rose year on year: Net income for the quarter was $114.5 million, or $1.84 diluted EPS, against $108.4 million, or $1.74, a year earlier. That is up 5.6% in net income and 5.7% in diluted EPS. Source
Portfolio growth and rates lifted interest income: Management attributed interest earned on investment and loan portfolios, for the nine months, to growth in the size of those portfolios and the current rate environment. Source
Total assets reached $17.3 billion: Total assets were about $17.3 billion at September 30, 2026, up from about $17.0 billion at June 30, 2026 and about $16.6 billion at December 31, 2025. Source
Prior release discussed provision rise: The prior release said six-month provision expense rose, citing loan growth, non-accrual balances and reevaluated specific provisions. This release does not report provision expense.
Listing moved to Texas Stock Exchange: The company said it moved its listing to the Texas Stock Exchange on October 19, 2026, and is shown as TXSE:IBOC in this release. Source
No numeric guidance given: The release contains no numeric forward-looking figures or ranges. Management's statement addresses continuing current practices through the last quarter of 2026. Source

“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.”
Dennis E. Nixon, President and CEO

What changed from last quarter

New: The listing moved to the Texas Stock Exchange on October 19, 2026, shown as TXSE:IBOC. The prior release showed NASDAQ:IBOC. Source

Results and growth drivers

Third-quarter net income rose year on year: Net income for the quarter was $114.5 million, or $1.84 diluted EPS, against $108.4 million, or $1.74, a year earlier. That is up 5.6% in net income and 5.7% in diluted EPS. Source
Nine-month net income up 2.3%: Net income for the nine months was $312.5 million, or $5.02 diluted EPS, compared with $305.4 million, or $4.91, a year earlier. That is up 2.3% in net income and 2.2% in diluted EPS. Source
Second-quarter net income was lower: The prior release reported second-quarter net income of $95.8 million, or $1.54 diluted EPS, down 4.3% in net income from the year-earlier quarter.
Other investments added to earnings: Management said nine-month net income was also positively impacted by earnings from other investments. The release gives no amount for this item. Source

Net interest income and rates

Portfolio growth and rates lifted interest income: Management attributed interest earned on investment and loan portfolios, for the nine months, to growth in the size of those portfolios and the current rate environment. Source
Interest expense decline tied to deposits: Net interest income was also positively affected by lower interest expense, which management attributed mainly to a redistribution in rates paid on deposits. Source

“Our investment and support in this new exchange marks the beginning of a new partnership.”
Dennis E. Nixon, President and CEO

Balance sheet and funding

Total assets reached $17.3 billion: Total assets were about $17.3 billion at September 30, 2026, up from about $17.0 billion at June 30, 2026 and about $16.6 billion at December 31, 2025. Source
Net loans fell from June: Total net loans were about $9.6 billion, against about $9.7 billion at June 30, 2026 and about $9.3 billion at December 31, 2025. Source
Deposits rose to $12.9 billion: Deposits were about $12.9 billion, up from about $12.7 billion at June 30, 2026 and about $12.4 billion at December 31, 2025. Source
Footprint stated at 165 facilities: The company describes itself as a multi-bank financial holding company headquartered in Laredo, Texas, with 165 facilities and 245 ATMs serving 75 communities. Source

Credit and cost controls

Prior release discussed provision rise: The prior release said six-month provision expense rose, citing loan growth, non-accrual balances and reevaluated specific provisions. This release does not report provision expense.
No realized losses on those loans: The prior release said that despite the higher provision, no actual losses on the affected loans had been realized, and none may ever be realized.
Cost controls and AI efficiency work: Management cited cost controls and efficiency reviews across the organization, including AI initiatives, as long-standing practices it continues to apply. Source

“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

Listing move to TXSE

Listing moved to Texas Stock Exchange: The company said it moved its listing to the Texas Stock Exchange on October 19, 2026, and is shown as TXSE:IBOC in this release. Source
One of initial corporate listers: Management described the company as one of the initial corporate listers on the exchange, saying this will bring more financial services to Texas. Source

Management view and next steps

No numeric guidance given: The release contains no numeric forward-looking figures or ranges. Management's statement addresses continuing current practices through the last quarter of 2026. Source
Continued focus through year end: Management said that, with continued focus on established practices, it will continue to deliver public company industry-leading financial results. Source

Coming up, as management said on 5 November 2026

Continued focus through year end: Management said it will keep its current practices through the last quarter of 2026. Source
TXSE partnership begins: Management described its investment in the Texas Stock Exchange as marking the beginning of a new partnership. Source

Figures management reported

Figure	Reported
Total net loans Source	approximately $9.6 billion at September 30, 2026
Deposits Source	approximately $12.9 billion at September 30, 2026

Risks management discussed

Financial: Management said it monitors rates paid on deposits to stay competitive in growing and retaining deposits. Source

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

IBC Reports Strong Earnings for the First Nine Months of 2026

LAREDO, Texas - (BUSINESS WIRE) - November 5, 2026 - International Bancshares Corporation (TXSE:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended September 30, 2026 of $114.5 million or $1.84 diluted earnings per common share ($1.84 per share basic) compared to $108.4 million or $1.74 diluted earnings per common share ($1.74 per share basic), which represents an increase of 5.6% in net income and 5.7% in diluted earnings per share over the corresponding period of 2025. Net income for the nine months ended September 30, 2026, was $312.5 million or $5.02 diluted earnings per common share ($5.02 per share basic), compared to $305.4 million or $4.91 diluted earnings per common share ($4.91 per share basic), which represents an increase of 2.3% in net income and 2.2% in diluted earnings per share over the corresponding period of 2025.

Net income for the first nine months of 2026 continued to be positively affected by interest earned on our investment and loan portfolios driven primarily by both an increase in the size of those portfolios and the current rate environment. Net interest income was also positively affected by a decrease in interest expense, primarily driven by a redistribution in rates paid on deposits. We continue to closely monitor rates paid on deposits to remain competitive to grow and retain deposits. Net income for the same period was positively impacted on earnings from other investments.

“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,” said 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.”

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.

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 165 facilities and 245 ATMs serving 75 communities in Texas and Oklahoma.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward looking information with respect to plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties detailed in IBC’s filings with the Securities and Exchange Commission.

Copies of IBC’s SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml.

Contacts
Judith Wawroski,Chief Financial Officer · International Bancshares Corporation · (956) 722-7611