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International Bancshares reports lower Q2 net income YOY

Laredo, Texas-based International Bancshares Corp. reported net income for the three months ended June 30 of $50 million, or 76 cents per common share, compared to $52.9 million, or 79 cents per common share, a year ago.

The company reported total net loans worth $6.8 billion at the end of the second quarter, compared to $6.6 billion as of March 31. The company's deposits were $8.8 billion at the end of the quarter ended June 30, compared to deposits of $8.9 billion at the end of the previous quarter.