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

12 Months Ended

Dec. 31, 2015

(23) International Bancshares Corporation (Parent Company Only) Financial Information

Statements of Income

(Parent Company Only)

Years ended December 31, 2015, 2014 and 2013

(Dollars in Thousands)


	2015		2014		2013
Income:
Dividends from subsidiaries	$	51,575	$	71,389	$	30,000
Interest income on notes receivable		7		15		18
Interest income on other investments		5,738		6,862		12,301
Other		3,442		1,923		26
Total income		60,762		80,189		42,345
Expenses:
Interest expense (Debentures)		4,099		4,264		4,665
Other		3,037		1,099		1,889
Total expenses		7,136		5,363		6,554
Income before federal income taxes and equity in undistributed net income of subsidiaries		53,626		74,826		35,791
Income tax expense (benefit)		386		1,370		2,529
Income before equity in undistributed net income of subsidiaries		53,240		73,456		33,262
Equity in undistributed (distributed) net income of subsidiaries		83,486		79,695		93,089
Net income	$	136,726	$	153,151	$	126,351