International Bancshares Corporation (Parent Company Only) Financial Information Statements of Income (Tables)

12 Months Ended

Dec. 31, 2018

International Bancshares Corporation (Parent Company Only) Financial Information Statements of Income

Schedule of condensed statements of income of Parent Company

(Dollars in Thousands)

	2018		2017		2016
Income:
Dividends from subsidiaries	$	105,000	$	64,600	$	84,432
Interest income on notes receivable		—		—		2
Interest income on other investments		8,208		8,100		8,958
Other		1,988		26		255
Total income		115,196		72,726		93,647
Expenses:
Interest expense (Debentures)		6,989		5,392		4,600
Other		2,930		5,648		3,637
Total expenses		9,919		11,040		8,237
Income before federal income taxes and equity in undistributed net income of subsidiaries		105,277		61,686		85,410
Income tax expense		481		(2,076)		311
Income before equity in undistributed net income of subsidiaries		104,796		63,762		85,099
Equity in undistributed net income of subsidiaries		111,135		93,674		48,833
Net income	$	215,931	$	157,436	$	133,932