IBOC

International Bancshares Corporation Ranked Third on Forbes’ America’s Best Banks List for 2023

Retrieved on: 
Friday, April 12, 2024
Banking, Professional Services, Finance, IBC, Security (finance), IBOC, International Bancshares Corporation, Growth

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

Key Points: 
  • International Bancshares Corporation (IBC)(NASDAQ: IBOC) has once again been ranked among the nation’s best banks by Forbes Magazine.
  • The Laredo-based multibank financial holding company ranked 3rd on the 15th annual prestigious list of Best Banks in America.
  • “Our ranking third on the Forbes’ America’s Best Banks list for 2023 is a wonderful honor and one that makes me incredibly proud of our IBC team.
  • Every team member, from the employees working at a branch to the employees working on our corporate team, has a hand in this recognition.

International Bancshares Corporation Ranked #1 by S&P Global Market Intelligence’s Top 50 Public Banks for 2023

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Finance, International Bancshares Corporation, Growth, S&P Global, Security (finance), IBOC, Information services, IBC, Risk management

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.

Key Points: 
  • 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.
  • S&P Global Market Intelligence launched the rankings in 2011 to evaluate the performance of community banks and credit unions.
  • S&P Global Market Intelligence is a provider of information services and solutions to global markets.

IBC Bank Names Kyle McElvaney President and CEO of Oklahoma Market

Retrieved on: 
Monday, March 4, 2024
Banking, Professional Services, Finance, International Bancshares Corporation, Oklahoma City metropolitan area, University, Multimedia, International Bank of Commerce, Education, McDonald House, Growth, Jim, Commerce, Sooners, United Way, Hugh McElvaney, IBOC, Organization, IBC, Cryptocurrency

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.

Key Points: 
  • 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.
  • McElvaney previously served as president of IBC Bank in Oklahoma City.
  • View the full release here: https://www.businesswire.com/news/home/20240304767893/en/
    Kyle McElvaney, president and CEO of IBC Bank for the state of Oklahoma (Photo: Business Wire)
    Robert L. Mills, IBC Bank-Oklahoma chairman of the board, stated, “Kyle is a seasoned executive with a strong background in managing commercial and retail banking for IBC.
  • Expect great things to come.”
    McElvaney was named president of IBC Bank-Oklahoma City in January 2017, previously serving as executive vice president of IBC Bank’s Oklahoma market.

IBC Reports 37% Increase in Earnings in 2023

Retrieved on: 
Monday, February 26, 2024
Banking, Professional Services, Finance, ROA, Security (finance), IBC, IBOC, Environment

Our outstanding earnings performance continues to prove that our long-standing strategies and commitment to cost control and non-interest income growth continues to be timely and successful.

Key Points: 
  • Our outstanding earnings performance continues to prove that our long-standing strategies and commitment to cost control and non-interest income growth continues to be timely and successful.
  • Total assets at Dec. 31, 2023 were $15.1 billion compared to $15.5 billion at Dec. 31, 2022.
  • Total net loans were $7.9 billion at Dec. 31, 2023 compared to $7.3 billion at Dec. 31, 2022.
  • Deposits were $11.8 billion at Dec. 31, 2023 compared to $12.7 billion at Dec. 31, 2022.

International Bancshares Corporation Increases Cash Dividend by 4.76%

Retrieved on: 
Thursday, February 1, 2024
Banking, Professional Services, Finance, International Bancshares Corporation, Security (finance), Common stock, IBC, IBOC

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.

Key Points: 
  • 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.
  • “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.

IBC Continues to Deliver Exceptional Earnings

Retrieved on: 
Thursday, November 2, 2023
Banking, Professional Services, Finance, Insurance, FDIC, Security (finance), International Bancshares Corporation, IBOC, Federal Reserve, Securities and Exchange Commission (Nigeria), Environment, IBC, Bank

We are also continuing to monitor economic conditions impacting our loan portfolio and have factored these forecasts into our allowance for credit loss calculation.

Key Points: 
  • We are also continuing to monitor economic conditions impacting our loan portfolio and have factored these forecasts into our allowance for credit loss calculation.
  • “Our net interest margin continues to be positively impacted by the current interest rate environment in light of the Federal Reserve Board’s actions to increase interest rates.
  • The cornerstone of our day-to-day decisions continues to be our proven legacy commitment to expense control and non-interest income growth to protect our earnings.
  • IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 168 facilities and 258 ATMs serving 75 communities in Texas and Oklahoma.

IBC Continues Stellar Earnings

Retrieved on: 
Thursday, August 3, 2023
Banking, Professional Services, Finance, Insurance, Federal Reserve Bank, Federal Reserve Bank of St. Louis, IBC, IBOC, International Bancshares Corporation, FDIC, Risk, Security (finance), Environment, Federal Reserve Board of Governors, Bank

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.

Key Points: 
  • 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.
  • We have high levels of liquidity, and because of that we have the flexibility to allow some deposits to move.
  • The cornerstone of our day-to-day decisions continues to be our proven legacy commitment to expense control and non-interest income growth to protect our earnings.
  • IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 167 facilities and 257 ATMs serving 75 communities in Texas and Oklahoma.

International Bancshares Corporation Announces Cash Dividend

Retrieved on: 
Thursday, July 27, 2023
Banking, Professional Services, Finance, Common stock, Security (finance), IBC, International Bancshares Corporation, IBOC, Cryptocurrency

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.

Key Points: 
  • 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.
  • IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with approximately $15.1 billion in total assets and 167 facilities and 257 ATMs serving 75 communities in Texas and Oklahoma.

International Bancshares Makes Forbes’ America’s Best Banks List

Retrieved on: 
Wednesday, May 24, 2023
Banking, Professional Services, Finance, International Bank of Commerce, IBC, IBOC, SNL, International Bancshares Corporation, Securities and Exchange Commission of Pakistan, S&P Global, International Bank, Growth, Security (finance), Commerce, Cryptocurrency

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

Key Points: 
  • International Bancshares Corporation (IBC)(NASDAQ: IBOC) has once again been ranked among the nation’s best banks by Forbes Magazine.
  • The Laredo-based multibank financial holding company ranked 32nd on the 14th annual prestigious list Best Banks in America, which ranked the 100 largest publicly traded banks and thrifts from best to worst.
  • “Our inclusion on the Best Banks in America list comes as another wonderful recognition,” said Dennis E. Nixon, president and CEO.
  • ‘Doing More’ is the foundation of everything we do.”
    The annual “Best Banks” list is developed by Forbes based on data compiled by SNL Financial of Charlottesville, Virginia.

IBC Continues Stellar Earnings

Retrieved on: 
Thursday, May 4, 2023
Banking, Professional Services, Finance, Insurance, Federal Reserve Bank, Federal Reserve Bank of St. Louis, IBC, IBOC, International Bancshares Corporation, FDIC, Accounting, Risk, Security (finance), Federal Reserve Board of Governors, Bank

Our net interest margin has been positively impacted by the increases in interest rates on earning assets while confronting rising interest expense from increasing deposit rates.

Key Points: 
  • Our net interest margin has been positively impacted by the increases in interest rates on earning assets while confronting rising interest expense from increasing deposit rates.
  • Our executive leadership team carefully monitors those decisions in order to manage our deposit base and the cost of our deposits.
  • Furthermore, as has been demonstrated over the last three-plus years, our legacy commitment to expense control and non-interest income growth remains firm to protect our earnings.
  • IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 167 facilities and 257 ATMs serving 75 communities in Texas and Oklahoma.