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International Bancshares: 2Q Earnings Snapshot

LAREDO, Texas (AP) _ International Bancshares Corp. (IBOC) on Tuesday reported second-quarter net income of $52.9 million.

The Laredo, Texas-based bank said it had earnings of 79 cents per share.

The financial holding company posted revenue of $157.4 million in the period. Its revenue net of interest expense was $144.6 million, exceeding Street forecasts.

International Bancshares shares have risen 14 percent since the beginning of the year. The stock has risen 27 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBOC at https://www.zacks.com/ap/IBOC