international bancshares crp (IBOC) Key Developments
International Bancshares Corporation Announces Dividend, Payable on October 15, 2015; Announces Executive Appointments
Sep 21 15
International Bancshares Corporation announced that on September 18, 2015, IBC’s board of directors approved the declaration 29 cents per share cash dividend for all holders of common stock, $1.00 par value, of record on September 30, 2015. The dividend will be payable on October 15, 2015.
The Board also announced that it has elected Javier de Anda and Roberto R. Resendez to IBC’s Board. The Board unanimously voted to appoint Mr. de Anda and Mr. Resendez. Mr. de Anda has served on the Board of Directors of International Bank of Commerce, Laredo, Texas, since July 2015. Mr. de Anda has also served as a board member for Commerce Bank; another subsidiary bank of IBC, since 2010. Mr. de Anda is currently the Senior Vice President of B. P. Newman Investment Company, an owner of numerous restaurant franchise locations as well as extensive real estate ventures. Mr. Resendez is currently an owner and operator of various beef cattle ranching operations and real estate investments.
International Bancshares Corporation Reports Earnings Results for the First Quarter of 2015
May 8 15
International Bancshares Corporation reported earnings results for the first quarter of 2015. The company reported first quarter net income for 2015 of $35.9 million, or $0.54 diluted and basic earnings per common share, as compared to $43.6 million, or $0.65 diluted and basic earnings per share for the corresponding period in 2014. The change in net income represents a 17.7% decrease in net income available to common shareholders over the corresponding period in 2014 and a decrease of 16.9% in diluted earnings per share comparing the same period. Net income for the first quarter of 2015 continues to be positively impacted by an increase in the net interest margin. The increase can be attributed to increased levels of interest income arising from the re-positioning of the investment portfolio the company undertook in prior periods, an increase in loans outstanding and a decrease in interest expense on time deposits and securities sold under repurchase agreements.
International Bancshares Corporation, Annual General Meeting, May 18, 2015
Apr 17 15
International Bancshares Corporation, Annual General Meeting, May 18, 2015., at 17:00 Central Daylight. Location: the IBC Annex Building at 2416 Jacaman Rd.. Agenda: To elect nine (9) directors of the company to serve until the next Annual Meeting of Shareholders and until their successors shall have been duly elected and qualified; to ratify the appointment of McGladrey LLP as independent auditors for the fiscal year ending December 31, 2015; to consider and approve a non-binding advisory resolution to approve the compensation of the company's named executives; and to transact such other business as may lawfully come before the meeting or any adjournment thereof.
International Bancshares Corporation Approves Declaration of Cash Dividend, Payable on April 17, 2015
Mar 20 15
On March 20, 2015, International Bancshares Corporation announced that on March 19, 2015, its Board of Directors approved the declaration of a 29 cents per share cash dividend for all holders of common stock, $1.00 par value, of record on April 1, 2015. The dividend will be payable on April 17, 2015. The dividend reflects an increase of 7.4 % per share over IBC's most recent cash dividend.
International Bancshares Corporation Announces Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2014
Feb 27 15
International Bancshares Corporation announced unaudited consolidated earnings results for the full year ended December 31, 2014. For the year, the company reported interest income of $393,599,000 compared to $363,217,000 a year ago. Net interest income was $347,056,000 compared to $308,585,000 a year ago. Income before income taxes was $229,938,000 compared to $182,590,000 a year ago. Net income was $153,151,000 compared to $126,351,000 a year ago. Diluted earnings per share $2.28 compared to $1.88 a year ago.