Overview

• Texas bank holding company reported Q1 net income up 5.5% yr/yr, driven by portfolio growth

• Diluted EPS for Q1 rose 5.1% yr/yr

• Company assets, net loans, and deposits each increased modestly from prior quarter

Outlook

• Company did not provide specific guidance for the current qtr or full yr in its press release

Result Drivers

• PORTFOLIO GROWTH - Co said increased size of investment and loan portfolios drove higher interest income in Q1

• DEPOSIT RATE MANAGEMENT - Decrease in interest expense attributed to changes in rates paid on deposits

• COST CONTROLS AND EFFICIENCY - Co said ongoing focus on cost controls and process efficiencies, including use of AI, remains a priority

Company press release: ID:nBwc0qc7xa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Net Income		$102.2 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 19.9% above its May 6 closing price of $72.56

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

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