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IBC Reports Earnings

“Earnings challenges for the industry, especially community banks, have become a significant factor in operating a community bank in today’s uncertain economic and regulatory environment. Management has taken and will continue to take aggressive steps to improve revenues and control expenses in this difficult period with the goal of improving performance. Management continues to have great confidence in the strength of the Company’s balance sheet and especially its strong capital position,” said Dennis E. Nixon, President and CEO. Nixon further indicated that the economic conditions in the Company’s markets continue to improve and in many cases lead the nation in economic growth. “These conditions create a favorable environment to grow earnings, even in the face of the regulatory headwinds facing the entire banking industry,” stated Mr. Nixon. Mr. Nixon further commented, “The Company has continued to make partial repayments of the TARP preferred stock, which will reduce dividend payments on the preferred stock and should improve the return for the common shareholders.”

Total assets at September 30, 2012 were $12.1 billion compared to $11.7 billion at December 31, 2011. Net loans were $4.8 billion at September 30, 2012 compared to $5.0 billion at December 31, 2011. Deposits were $8.0 billion at September 30, 2012 and $7.9 billion at December 31, 2011.

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 215 facilities and more than 335 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.

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