IBC Reports Strong First Quarter 2019 Earnings

Adjusted earnings per diluted share increased 71.2% to $1.90 for the first quarter of 2019 compared to $1.11 for the first quarter of 2018. (See "Non-GAAP Financial Measures" below.) GAAP net income for the first quarter of 2019 increased 85.3% to $31.6 million compared to $17.1 million for the first quarter of 2018.

"We are pleased to report another. (c) In the first quarter of 2019, the Company recognized $0.1 million of interest income on a tax refund received as a result of the U.S. Tax Cuts and Jobs Act..

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LAREDO, Texas-(BUSINESS WIRE)- May 9, 2019-international bancshares corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended march 31, 2019 of $51.9 million or $.79 diluted earnings per common share ($.79 per share basic), compared to $53.4 million or $.80 diluted earnings per common share ($.81 per share basic) for the same period in 2018, representing a decrease of 1.3 percent in diluted earnings.

"The earnings success we saw in 2018 and continue to see for the first three months of 2019 can be attributed to our continued focus on building and improving the performance of our core bank operations and continued cost control, which have been complemented by the actions taken to reform the tax laws at the end of 2017.

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Neltume Ports contributed $4 million in earnings in the second quarter, driven by continued strong movement of. Manufacturing commenced in the first quarter of 2019 and is planned to continue.

CBRE Group, Inc. (NYSE:CBRE) today reported strong financial results for the first quarter ended March 31, 2019. "CBRE had an excellent start to 2019, as the positive momentum we experienced last year carried over into the first quarter," said Bob Sulentic, president and chief executive officer of CBRE.

Net Income Increased 37% Year-Over-Year to .3 million improved operating leverage and Strong noninterest income highlight. net interest margin was 3.94% in the second quarter of 2019, 4.02% in.

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LAREDO, Texas-(BUSINESS WIRE) May 9, 2019- International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended March 31, 2019 of $51.9 million or $0.79 diluted earnings per common share ($0.79 per share basic), compared to $53.4 million or $0.80 diluted earnings per common share ($0.81 per share basic) for the same period in 2018, representing a decrease of 1.3 percent in diluted earnings per.

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