Last $26.36 USD
Change Today +0.27 / 1.03%
Volume 119.8K
IBOC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

international bancshares crp (IBOC) Snapshot

Open
$26.14
Previous Close
$26.09
Day High
$26.40
Day Low
$25.90
52 Week High
07/1/14 - $28.00
52 Week Low
09/3/13 - $20.85
Market Cap
1.8B
Average Volume 10 Days
114.4K
EPS TTM
$2.26
Shares Outstanding
66.9M
EX-Date
03/28/14
P/E TM
11.7x
Dividend
$0.50
Dividend Yield
1.82%
Current Stock Chart for INTERNATIONAL BANCSHARES CRP (IBOC)

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international bancshares crp (IBOC) Details

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits, as well as demand and time deposits from individuals, partnerships, corporations, and public entities; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and currency exchange. In addition, it offers other banking related services, such as credit cards, travelers’ checks, and safety deposits; collection, notary public, and escrow services; and Internet banking services, as well as securities products through third party providers. The company operates 211 main banking and branch facilities and a network of automated teller machines in South, Central, and Southeast Texas, as well as in the State of Oklahoma. International Bancshares Corporation was founded in 1966 and is headquartered in Laredo, Texas.

international bancshares crp (IBOC) Top Compensated Officers

Chairman, Principal Executive Officer, Presid...
Total Annual Compensation: $1.3M
Principal Financial Officer, Principal Accoun...
Total Annual Compensation: $295.2K
Vice President, Director, Member of Asset/Lia...
Total Annual Compensation: $281.9K
Compensation as of Fiscal Year 2013.

international bancshares crp (IBOC) Key Developments

International Bancshares Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

International Bancshares Corporation reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, net income was $37.7 million, or $0.56 diluted earnings per common share and $0.56 basic earnings per common share, compared to $27.5 million or $0.41 diluted earnings per common share and $0.41 basic earnings per common share for the same period in 2013, representing an increase of 37% in net income and an increase of 37% in diluted earnings per common share. For the six months, net income was $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 $0.83 diluted earnings per common share and $0.83 basic earnings per common share for the same period of 2013, representing an increase of 46% in net income and 46% 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.

International Bancshares Corporation Announces Earnings Results for the First Quarter Ended March 31, 2014

International Bancshares Corporation announced earnings results for the first quarter ended March 31, 2014. For the quarter, the company announced net income of $43.6 million, or $0.65 diluted and basic earnings per common share, as compared to $28.1 million, or $0.42 diluted and basic earnings per share for the corresponding period in 2013. The change in net income represents a 55.5% increase in net income available to common shareholders over the corresponding period in 2013 and an increase of 54.8% in diluted earnings per share comparing the same period. Net income for the first quarter of 2014 was positively affected by an increase in the company's net interest margin. Net income for the first quarter of 2014 was also positively impacted by several other one-time transactions that contributed to a 9.3% increase in non-interest income for the first quarter of 2014 compared to the corresponding period in 2013.

International Bancshares Corporation Declares Cash Dividend, Payable on April 18, 2014

International Bancshares Corporation announced that on March 20, 2014, its Board of Directors approved the declaration of a 25 cents per share cash dividend for shareholders of record as of the close of business on April 1, 2014, payable on April 18, 2014.

 

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