international bancshares crp (IBOC) Key Developments
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.
IBC-Oklahoma Appoints Dan Boren to its Board of Directors
Feb 23 15
IBC Bank-Oklahoma has appointed Dan Boren, president of corporate development for the Chickasaw Nation, as a member of the IBC-Oklahoma board of directors. Boren will sit on the board as advisory director, joining Gib Gibson, former Gov. George Nigh and Andrew Coats.
International Bancshares Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 10 14
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
Sep 22 14
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.