NASDAQ$IBOC
International Bancshares Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a decrease in net income and diluted earnings per share due to an increase in the provision for credit losses and Federal Reserve Board action to decrease interest rates.
International Bancshares Corporation reported a net income of $34.8 million, or $0.53 diluted earnings per common share, for the three months ended March 31, 2020. This represents a decrease of 32.9 percent compared to the same period in 2019. The decrease was primarily due to an increase in the provision for credit losses arising from economic changes related to COVID-19 and the impact of those changes on the allowance for credit loss calculation, as well as the Federal Reserve Board's action to decrease interest rates.
- Net income for Q1 2020 was $34.8 million, a decrease of 32.9% compared to Q1 2019.
- Diluted earnings per share were $0.53, also a decrease of 32.9% compared to Q1 2019.
- The decrease in net income was primarily due to an increase in the provision for credit losses related to COVID-19 and the impact of interest rate decreases.
- Total assets increased to $12.5 billion at March 31, 2020, compared to $12.1 billion at December 31, 2019.
Headline financials
Revenue & EPS history
IBC · Revenue · Quarterly
$138M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
+0.6%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.3%
Avg return
30 days after
60%
41 / 68 earnings
Positive
+9.1%
Q1 2020
Best reaction
-9.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.9% | -0.2% | +0.6% | |
| Q4 2025 | -0.5% | -1.8% | -3.6% | |
| Q3 2025 | -2.0% | -3.6% | +0.9% | |
| Q1 2025 | -0.4% | -3.4% | -4.8% | |
| Q4 2024 | +0.8% | -3.1% | -4.1% | |
| Q3 2024 | -2.0% | -0.9% | -0.8% | |
| Q2 2024 | -9.1% | -14.3% | -6.3% | |
| Q1 2024 | +3.9% | +4.7% | -0.6% | |
| Q4 2023 | -0.6% | -0.9% | +7.8% | |
| Q3 2023 | +7.7% | +3.4% | +5.7% | |
| Q2 2023 | -1.8% | -3.3% | -5.8% | |
| Q1 2023 | +2.6% | +1.7% | +13.1% | |
| Q4 2022 | +3.7% | +5.9% | -5.5% | |
| Q3 2022 | +3.9% | +6.4% | +8.2% | |
| Q2 2022 | +0.9% | +0.4% | -6.4% | |
| Q1 2022 | -4.7% | -4.6% | -1.0% | |
| Q4 2021 | +3.5% | -1.8% | +5.5% | |
| Q3 2021 | +1.1% | +1.3% | -7.4% | |
| Q2 2021 | +7.1% | +8.6% | +6.7% | |
| Q1 2021 | +1.9% | +0.2% | -4.9% | |
| Q4 2020 | -4.2% | -1.2% | +7.3% | |
| Q3 2020 | +1.6% | +14.4% | +30.2% | |
| Q2 2020 | +4.9% | +9.2% | -1.2% | |
| Q1 2020 | +9.1% | -1.4% | +27.9% | |
| Q4 2019 | -8.1% | -8.7% | -31.7% | |
| Q3 2019 | +0.0% | -0.2% | +0.8% | |
| Q2 2019 | +1.0% | -0.2% | +8.6% | |
| Q1 2019 | +0.2% | -2.0% | -11.6% | |
| Q4 2018 | +2.0% | +2.7% | -5.0% | |
| Q3 2018 | +2.1% | -1.3% | -12.0% | |
| Q2 2018 | +1.3% | +1.1% | +5.3% | |
| Q1 2018 | +3.3% | +4.1% | +9.4% | |
| Q4 2017 | +2.6% | +5.4% | +0.6% | |
| Q3 2017 | -3.3% | -1.3% | +1.4% | |
| Q2 2017 | +1.3% | -2.4% | -2.4% | |
| Q1 2017 | -3.1% | -4.6% | -7.3% | |
| Q4 2016 | -1.0% | -1.0% | -9.5% | |
| Q3 2016 | +4.2% | +24.9% | +35.8% | |
| Q2 2016 | +4.3% | +3.6% | +8.7% | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | +4.4% | — | — | |
| Q2 2015 | +1.7% | — | — | |
| Q1 2015 | +0.5% | — | — | |
| Q4 2014 | +0.6% | — | — | |
| Q3 2014 | +1.7% | — | — | |
| Q2 2014 | -2.8% | — | — | |
| Q1 2014 | +5.8% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | +2.8% | — | — | |
| Q2 2013 | -1.3% | — | — | |
| Q1 2013 | -0.3% | — | — | |
| Q4 2012 | -2.4% | — | — | |
| Q3 2012 | +5.2% | — | — | |
| Q2 2012 | -2.3% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2010 | -1.8% | — | — | |
| Q4 2011 | -1.8% | — | — | |
| Q3 2011 | +1.6% | — | — | |
| Q2 2011 | -0.1% | — | — | |
| Q1 2010 | -1.0% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q4 2008 | -2.3% | — | — | |
| Q3 2009 | +2.9% | — | — | |
| Q3 2010 | +2.9% | — | — | |
| Q4 2009 | -5.8% | — | — | |
| Q2 2009 | -5.8% | — | — | |
| Q2 2010 | -5.8% | — | — |
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