International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended Sept. 30, 2020 was $42.7 million or $.67 diluted earnings per common share ($.68 per share basic), compared to $51.4 million or $.78 diluted earnings per common share ($.79 per share basic) for the same period in 2019, representing a decrease of 14.1 percent in diluted earnings per share and a decrease of 16.9 percent in net income. Net income for the nine months ended Sept. 30, 2020 was $119.1 million or $1.86 diluted earnings per common share ($1.86 per share basic), compared to $153.4 million or $2.33 diluted earnings per common share ($2.34 per share basic) for the same period of 2019, representing a decrease of 20.2 percent in diluted earnings per share and a decrease of 22.4 percent in net income.
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