Last $25.79 USD
Change Today -0.05 / -0.19%
Volume 155.0K
IBOC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

international bancshares crp (IBOC) Snapshot

Open
$25.72
Previous Close
$25.84
Day High
$25.93
Day Low
$25.71
52 Week High
07/1/14 - $28.00
52 Week Low
09/3/13 - $20.85
Market Cap
1.7B
Average Volume 10 Days
185.1K
EPS TTM
$2.11
Shares Outstanding
67.0M
EX-Date
03/28/14
P/E TM
12.2x
Dividend
$0.50
Dividend Yield
1.86%
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.

2,712 Employees
Last Reported Date: 02/24/14
Founded in 1966

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 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.

International Bancshares Corporation Reports Unaudited Consolidated Group Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

International Bancshares Corporation reported unaudited consolidated group earnings results for the fourth quarter and full year ended December 31, 2013. For full year, the company reported annual net income available to common shareholders of $126.4 million or $1.88 basic and diluted earnings per common share compared to $93.5 million or $1.39 basic and diluted earnings per common share over the corresponding period in 2012. Net income was $126,351,000 against $107,835,000 for the same period a year ago. Net interest income was $308,585,000 against $301,140,000 for the same period a year ago. Income before income taxes was $182,590,000 against $158,400,000 for the same period a year ago. Net income available to common shareholders for the year ended December 31, 2013 was positively affected by the repayment of the TARP funds in the fourth quarter of 2012, which eliminated the continued payment of dividends on the Senior Preferred Stock that had been held by the U.S. Treasury, as well as the sale of available for sale securities totaling $6.2 million, net of tax. Net income for the years ended December 31, 2013 and 2012 was negatively impacted by slow loan demand, although it is improving, and yields in the bond markets. Total net loans were $5.1 billion at December 31, 2013. For the quarter, net income available to common shareholders was $38.9 million or $0.58 basic diluted earnings per common share compared to $21.9 million or $0.32 basic and diluted earnings per common share.

 

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Industry Analysis

IBOC

Industry Average

Valuation IBOC Industry Range
Price/Earnings 12.3x
Price/Sales 3.5x
Price/Book 1.2x
Price/Cash Flow 12.2x
TEV/Sales NM Not Meaningful
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