Laredo-based International Bancshares Corp. reports increase in

Journal Record, The (Oklahoma City), May 5, 2009

International Bancshares Corp. has reported net income available to common shareholders for the first quarter of $34.3 million, or 50 cents per diluted share, up 2 percent from $33.5 million, or 49 cents per diluted share, for the first quarter of 2008.

"We are confident in the strength of our balance sheet and especially the quality of our loan portfolio," said Dennis E. Nixon, president and CEO. "Our securities portfolio has benefited enormously from the Federal Reserve Board and U.S. Treasury actions in the bond markets, which have interest rates down and bond prices up. The gain in this portfolio is at record levels."

Total assets at March 31 were $12.1 billion, down from $12.4 billion at Dec. 31. Total net loans were $5.7 billion at March 31, down from $5.8 billion at Dec. 31. Deposits at March 31 totaled $6.9 billion, unchanged from Dec. 31.

Laredo-based IBC has 270 banking facilities and more than 440 ATMs in Texas and Oklahoma.