Articles from International Bancshares Corporation

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2024 of approximately $409.2 million or $6.57 diluted earnings per common share ($6.58 per share basic) compared to approximately $411.8 million or $6.62 diluted earnings per common share ($6.63 per share basic), which represents a decrease of approximately 0.8% in diluted earnings per share and 0.6% decrease in net income over the corresponding period in 2023. Net income for the three months ended Dec. 31, 2024 was approximately $115.1 million or $1.85 diluted earnings per common share ($1.85 per share basic), compared to approximately $106.4 million or $1.71 diluted earnings per common share ($1.71 per share basic) for the same period in 2023, representing an increase of approximately 8.2% in net income and an 8.1% increase in diluted earnings per share.

International Bancshares Corporation (NASDAQ: IBOC) announced today that on Jan. 31, 2025, IBC’s Board of Directors approved the declaration of a .70 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 14, 2025, payable on Feb. 28, 2025. This is an increase of 6% per share from the previous cash dividend.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the nine months ended Sept. 30, 2024 of $294.1 million or $4.72 diluted earnings per common share ($4.73 per share basic) compared to $305.4 million or $4.91 diluted earnings per common share ($4.92 per share basic), which represents a decrease of 3.7% in net income and 3.9% in diluted earnings per share over the corresponding period of 2023. Net income for the three months ended Sept. 30, 2024 was $99.8 million or $1.60 diluted earnings per common share ($1.60 per share basic) compared to $103.3 million or $1.66 diluted earnings per common share ($1.66 per share basic), which represents a decrease of 3.6% in diluted earnings per share and a 3.4% decrease in net income over the corresponding period in 2023.

International Bancshares Corporation (NASDAQ: IBOC) announced today that on July 31, 2024, IBC’s Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Aug. 14, 2024, payable on Aug. 28, 2024. “This discretionary cash dividend was made possible because of our Company’s continued record of superior financial results. Adding to this strong performance is our exceptionally strong capital position, significant liquidity and more than fifty-seven years of positive earnings. We remain committed to continue to manage our Company responsibly to position us for continued success and to enhance the value of our Company for our shareholders,” said Dennis E. Nixon, president and CEO of IBC.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2024 of $194.3 million or $3.12 diluted earnings per common share ($3.13 per share basic) compared to $202.1 million or $3.25 diluted earnings per common share ($3.25 per share basic), which represents a decrease of 3.9% in net income and 4.0% in diluted earnings per share over the corresponding period of 2023. Net income for the three months ended June 30, 2024 was $97.0 million or $1.56 diluted earnings per common share ($1.56 per share basic) compared to $100.5 million or $1.62 diluted earnings per common share ($1.62 per share basic), which represents a decrease of 3.7% in diluted earnings per share and a 3.5% decrease in net income over the corresponding period in 2023.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended March 31, 2024 of $97.3 million or $1.56 diluted earnings per common share ($1.57 per share basic) compared to $101.6 million or $1.63 diluted earnings per common share ($1.64 per share basic), which represents a decrease of 4.3% in diluted earnings per share and a 4.2% decrease in net income over the corresponding period in 2023.

International Bancshares Corporation (IBC) (NASDAQ:IBOC) is proud to announce that it ranked #1 among S&P Global Market Intelligence's best-performing U.S. Public Banks for 2023. The rankings assessed the financial performance of operating U.S. public banks with total assets exceeding $10 billion as of Dec. 31, 2023.

The IBC Bank-Oklahoma board of directors announced the promotion of Kyle McElvaney as president and CEO of IBC Bank for the state of Oklahoma. The Oklahoma Charter includes a branch in Dallas, Texas. McElvaney previously served as president of IBC Bank in Oklahoma City. With over 22 years of experience in community banking, McElvaney brings great value to the Oklahoma business community. The Oklahoma City native has spent his entire career with IBC Bank.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2023 of $411.8 million, or $6.62 diluted earnings per common share ($6.63 per share basic), compared to $300.2 million, or $4.78 diluted earnings per common share ($4.79 per share basic), which represents an increase of 38.5% in diluted earnings per share and a 37.2% increase in net income over the corresponding period in 2022. Net income for the three months ended Dec. 31, 2023 was $106.4 million, or $1.71 diluted earnings per common share ($1.71 per share basic), compared to $105.4 million, or $1.68 diluted earnings per common share ($1.69 per share basic) for the same period in 2022, representing an increase of 1.0% in net income and a 1.8% increase in diluted earnings per share.

International Bancshares Corporation (NASDAQ: IBOC) announced today that on Jan. 31, 2024, IBC’s Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 15, 2024, payable on Feb. 28, 2024. This dividend represents a 4.76% or 3 cents per share increase above IBC’s previous dividend paid on Aug. 25, 2023.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the nine months ended Sept. 30, 2023 of $305.4 million, or $4.91 diluted earnings per common share ($4.92 per share basic), compared to $194.8 million, or $3.09 diluted earnings per common share ($3.10 per share basic), for the same period of 2022, which represents an increase of 56.8% in net income and an increase of 58.9% in diluted earnings per common share. Net income for the three months ended Sept. 30, 2023 was $103.3 million, or $1.66 diluted earnings per common share ($1.66 per share basic), compared to $83.4 million, or $1.34 diluted earnings per common share ($1.34 per share basic), which represents an increase of 23.9% in net income and an increase of 23.9% in diluted earnings per share over the corresponding period in 2022.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2023 of $202.1 million, or $3.25 diluted earnings per common share ($3.25 per share basic) compared to $111.5 million or $1.76 diluted earnings per common share ($1.77 per share basic) for the same period of 2022, which represents an increase of 81.3% in net income and an increase of 84.7% in diluted earnings per common share. Net income for the three months ended June 30, 2023 was $100.5 million or $1.62 diluted earnings per common share ($1.62 per share basic) compared to $58.0 million or $.92 diluted earnings per common share ($.92 per share basic), which represents an increase of 73.3% in net income and an increase of 76.1% in diluted earnings per share over the corresponding period in 2022.

International Bancshares Corporation (NASDAQ: IBOC) announced today that on July 25, 2023, IBC’s Board of Directors approved the declaration of a .63 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on August 11, 2023, payable on August 25, 2023. “This discretionary cash dividend was made possible because of our Company’s continued record of superior financial results. Adding to this strong performance is our exceptionally strong capital position, significant liquidity, and more than fifty-six years of positive earnings. We remain committed to continue to manage our Company responsibly to position us for continued success and to enhance the value of our Company for our shareholders,” said Dennis E. Nixon, president and CEO of IBC.

International Bancshares Corporation (IBC)(NASDAQ: IBOC) has once again been ranked among the nation’s best banks by Forbes Magazine.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended March 31, 2023 of $101.6 million or $1.63 diluted earnings per common share ($1.64 per share basic) compared to $53.5 million or $.84 diluted earnings per common share ($.84 per share basic), which represents an increase of 94 percent in diluted earnings per share and a 90 percent increase in net income over the corresponding period in 2022.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2022 of $300.2 million or $4.78 diluted earnings per common share ($4.79 per share basic) compared to $253.9 million or $4.00 diluted earnings per common share ($4.01 per share basic), which represents an increase of 19.5 percent in diluted earnings per share and an 18.2 percent increase in net income over the corresponding period in 2021. Net income for the three months ended Dec. 31, 2022 was $105.4 million or $1.69 diluted earnings per common share ($1.69 per share basic), compared to $56.5 million or $.89 diluted earnings per common share ($.90 per share basic) for the same period in 2021, representing an increase of 86.5 percent in net income and an 89.9 percent increase in diluted earnings per share.

International Bancshares Corporation (NASDAQ: IBOC) announced today that on January 31, 2023, IBC’s Board of Directors approved the declaration of a .63 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on February 15, 2023, payable on February 28, 2023. This dividend represents a 5%, or .03 cents per share, increase above IBC’s previous dividend paid on August 29, 2022. “This discretionary cash dividend was made possible because of our Company’s continued record of superior financial results. Adding to this strong performance is our exceptionally strong capital position, significant liquidity, and more than fifty-six years of positive earnings. We remain committed to continue to manage our Company responsibly to position us for continued success and to enhance the value of our Company for our shareholders,” said Dennis E. Nixon, president and CEO of IBC.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended Sept. 30, 2022 was $83.4 million or $1.34 diluted earnings per common share ($1.34 per share basic) compared to $54.6 million or $.86 diluted earnings per common share ($.86 per share basic) for the same period of 2021, which represents an increase of 55.8 percent in diluted earnings per share and an increase of 52.7 percent in net income. Net income for the first nine months of 2022 was $194.8 million or $3.09 diluted earnings per common share ($3.10 per share basic) compared to $197.4 million or $3.11 diluted earnings per common share ($3.12 per share basic) for the same period of 2021, which represents a decrease of .6 percent in diluted earnings per common share and a decrease of 1.3 percent in net income.

International Bancshares Corporation (NASDAQ: IBOC) announced today that on Aug. 2, 2022, IBC’s Board of Directors approved the declaration of a .60 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Aug. 16, 2022, payable on Aug. 29, 2022. “This discretionary cash dividend was made possible because of our Company’s long-standing record of positive financial performance, as demonstrated by our exceptionally strong capital position, significant liquidity and more than fifty-five years of positive earnings. We remain committed to continue to manage our Company responsibly to position us for continued success and to enhance the value of our Company for our shareholders,” said Dennis E. Nixon, president and CEO of IBC.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the first six months of 2022 of $111.5 million or $1.76 diluted earnings per common share ($1.77 per share basic) compared to $142.8 million or $2.25 diluted earnings per common share ($2.25 per share basic) for the same period of 2021, which represents a decrease of 21.8 percent in diluted earnings per common share and a decrease of 21.9 percent in net income. Net income for the three months ended June 30, 2022 was $58.0 million or $.92 diluted earnings per common share ($.92 per share basic) compared to $92.0 million or $1.45 diluted earnings per common share ($1.45 per share basic) for the same period of 2021, which represents a decrease of 36.6 percent in diluted earnings per share and a 37.0 percent decrease in net income.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the first three months of 2022 of $53.5 million or $.84 diluted earnings per common share ($.84 per share basic) compared to $50.8 million or $.80 diluted earnings per common share ($.80 per share basic) for the same period of 2021, which represents an increase of 5.0 percent in diluted earnings per share and a 5.3 percent increase in net income.

International Bancshares Corporation (“IBC”) (NASDAQ: IBOC) announced today that on Feb. 23, 2022, IBC’s Board of Directors appointed Ms. Diana G. Zuniga to IBC’s Board to fill the vacancy created by Irving Greenblum’s retirement. The board unanimously voted to appoint Ms. Zuniga as a new director of IBC after recommendation from the Board’s Nominating Committee. “Ms. Zuniga will bring her talent, experience and maturity to our holding company Board. She is an accomplished, highly respected entrepreneur, and a community leader who will add value to our Board deliberations and our company,” said Dennis E. Nixon, Chairman.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2021 of $253.9 million or $4.00 diluted earnings per common share ($4.01 per share basic) compared to $167.3 million or $2.62 diluted earnings per common share ($2.63 per share basic), which represents an increase of 52.7 percent in diluted earnings per share and a 51.8 percent increase in net income over the corresponding period in 2020. Net income for the three months ended Dec. 31, 2021 was $56.5 million or $.89 diluted earnings per common share ($.90 per share basic), compared to $48.2 million or $.76 diluted earnings per common share ($.76 per share basic) for the same period in 2020, representing an increase of 17.2 percent in net income and a 17.1 percent increase in diluted earnings per share.

International Bancshares Corporation (“IBC”) announced today that on Feb. 3, 2022, IBC’s Board of Directors approved the declaration of a .60 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 15, 2022, payable on Feb. 28, 2022. The Company previously modified its discretionary dividend program due to COVID-19 by moving up the payment date, so future dividends, if declared, will likely occur in February and August going forward. “This discretionary cash dividend was made possible because of our Company’s strong financial performance, augmented by the benefits of the 2017 Tax Cuts and Jobs Act, and our exceptionally strong capital position,” said Dennis E. Nixon, president and CEO of IBC.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended Sept. 30, 2021 was $54.6 million or $.86 diluted earnings per common share ($.86 per share basic), compared to $42.7 million or $.67 diluted earnings per common share ($.68 per share basic) for the same period in 2020, representing an increase of 28.4 percent in diluted earnings per share and an increase of 27.9 percent in net income. Net income for the nine months ended Sept. 30, 2021 was $197.4 million or $3.11 diluted earnings per common share ($3.12 per share basic), compared to $119.1 million or $1.86 diluted earnings per common share ($1.86 per share basic) for the same period of 2020, representing an increase of 67.2 percent in diluted earnings per share and an increase of 65.7 percent in net income.

International Bancshares Corporation (“IBC”) announced today that on Aug. 3, 2021, IBC’s Board of Directors approved the declaration of a .60 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Aug. 20, 2021, payable on Sept. 3, 2021, in lieu of the discretionary dividend that IBC has historically paid in October. This dividend is a 9%, or 5-cent, increase above IBC’s last dividend paid.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended June 30, 2021 was $92.0 million or $1.45 diluted earnings per common share ($1.45 per share basic), compared to $41.5 million or $.65 diluted earnings per common share ($.66 per share basic) for the same period in 2020, representing an increase of 123.1 percent in diluted earnings per share and an increase of 121.7 percent in net income. Net income for the six months ended June 30, 2021 was $142.8 million or $2.25 diluted earnings per common share ($2.25 per share basic), compared to $76.3 million or $1.19 diluted earnings per common share ($1.19 per share basic) for the same period of 2020, representing an increase of 89.1 percent in diluted earnings per share and an increase of 87.2 percent in net income.

International Bancshares Corporation (NASDAQ: IBOC), one of the largest independent bank holding companies in Texas, today announced its subsidiary banks received top honors by Forbes Magazine, according to an article published June 24, 2021, titled “The Best Banks and Credit Unions In Every State 2021.” IBC Bank in Texas was ranked #1 and IBC Bank in Oklahoma was ranked #3 in the fourth annual ranking. The financial institutions were scored on the basis of overall recommendations and satisfaction. Five sub-dimensions also included were trust, terms and conditions, branch services, digital services and financial advice, according to the report. Furthermore, of the 4,978 FDIC-insured banks in America, just 135 banks, or 2.7%, made the list.

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the three months ended March 31, 2021 was approximately $50.8 million or $.80 diluted earnings per common share ($.80 per share basic), compared to approximately $34.8 million or $.53 diluted earnings per common share ($.54 per share basic) for the same period in 2020, representing an increase of approximately 46.0 percent in net income and approximately 50.9 percent in diluted earnings per share.