Last $26.14 USD
Change Today -0.01 / -0.04%
Volume 89.8K
IBOC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:10 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

international bancshares crp (IBOC) Snapshot

Open
$26.15
Previous Close
$26.15
Day High
$26.22
Day Low
$25.69
52 Week High
11/3/14 - $28.49
52 Week Low
02/20/14 - $21.16
Market Cap
1.7B
Average Volume 10 Days
401.6K
EPS TTM
$2.29
Shares Outstanding
66.6M
EX-Date
09/26/14
P/E TM
11.4x
Dividend
$0.54
Dividend Yield
1.99%
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 Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

International Bancshares Corporation reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income available to common shareholders was $33.2 million, or $0.50 diluted earnings per common share compared to $31.8 million or $0.47 diluted earnings per common share for the same period in 2013. For the nine months ended September 30, 2014, the company reported net income available to common shareholders was $114.6 million, or $1.71 diluted earnings per common share compared to $87.4 million or $1.30 diluted earnings per common share for the same period of 2013. Net income for the three and nine months ended September 30, 2014 was positively impacted by an increase in the Company's net interest margin, as well as a 51.4% decrease in the provision for probable loan losses for the nine months ended September 30, 2014. The increase in the net interest margin can be primarily attributed to increased levels of interest income arising from the repositioning of the investment portfolio the Company undertook 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 lead bank subsidiary.

International Bancshares Corporation Announces Increased Cash Dividend, Payable on October 15, 2014

International Bancshares Corporation announced that on September 18, 2014, IBC's Board of Directors approved the declaration of a 27 cents per share cash dividend for shareholders of record as of the close of business on September 30, 2014, payable on October 15, 2014. This cash dividend, which reflects an increase of 8% per share over IBC's most recent cash dividend, was made possible because of the continuing favorable performance of IBC during these challenging economic times.

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.

 

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Industry Analysis

IBOC

Industry Average

Valuation IBOC Industry Range
Price/Earnings 11.0x
Price/Sales 3.3x
Price/Book 1.1x
Price/Cash Flow 10.9x
TEV/Sales NM Not Meaningful
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