International Bancshares Corporation (NASDAQ: IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2014 of $81.4 million, or $1.21 diluted earnings per common share and $1.21 basic earnings per common share, compared to $55.6 million or $.83 diluted earnings per common share and $.83 basic earnings per common share for the same period of 2013, representing an increase of 46 percent in net income and 46 percent diluted earnings per common share. Net income for the three months ended June 30, 2014 was $37.7 million, or $.56 diluted earnings per common share and $.56 basic earnings per common share, compared to $27.5 million or $.41 diluted earnings per common share and $.41 basic earnings per common share for the same period in 2013, representing an increase of 37 percent in net income and an increase of 37 percent in diluted earnings per common share.

Net income for the three and six months ended June 30, 2014 was positively impacted by an increase in the Company’s net interest margin, as well as a 51% decrease in the provision for probable loan losses for the six months ended June 30, 2014. The increase in the net interest margin can be primarily attributed to increased levels of interest income arising from the Company’s repositioning of its investment portfolio in 2013, an increase in loans outstanding, and a decrease in interest expense on securities sold under repurchase agreements arising from the early termination of some of the long-term repurchase agreements by the Company’s lead bank subsidiary.

“I’m pleased with the Company’s earnings for the first six months of 2014. The earnings continue to reflect the Company’s commitment to superior earnings, especially in light of the continued regulatory challenges facing the industry, as well as the still unsettled economic environment in the U.S. The Company continues to maintain strong liquidity, focused expense control, sound credit underwriting standards and a healthy investment strategy. We are confident in the strength of our balance sheet and our strong capital position,” said Dennis E. Nixon, President and CEO.

Total assets at June 30, 2014 were $12.4 billion compared to $12.1 billion at December 31, 2013. Net loans were $5.4 billion at June 30, 2014 compared to $5.1 billion at December 31, 2013. Deposits were $8.4 billion at June 30, 2014 and $8.2 billion at December 31, 2013.

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 217 facilities and more than 315 ATMs serving 88 communities in Texas and Oklahoma.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward-looking information with respect to future developments or events, expectations, plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties, including those detailed in IBC’s filings with the Securities and Exchange Commission.

Copies of IBC’s SEC filings and Annual Report (as an exhibit to the 10-K) may be downloaded from the SEC filings site located at http://www.sec.gov/edgar.shtml

International Bancshares CorporationJudith Wawroski, 956-722-7611First Vice President

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