Forbes Magazine Ranks International Bancshares Corporation among Nation’s Best
March 06 2017 - 1:45PM
Business Wire
Laredo-based holding company ranked #46 in its
51st year
International Bancshares Corporation (IBC) (NASDAQ: IBOC) has
been ranked among the nation’s best by business publishing giant
Forbes magazine. The $11.8 billion Laredo-based multibank financial
holding company ranked 46th on the prestigious list of the 100 Best
Banks in America based on factors such as its asset quality,
capital adequacy, growth and profitability. In 2016, International
Bancshares Corporation was ranked 50th on the same list.
The selection comes after IBC celebrated its 50th year of
service in Texas and Oklahoma in 2016. Since its founding in 1966,
IBC serves 88 communities with 204 branches and 309 ATMs.
“Forbes confirms what our employees and clients already know,”
said International Bancshares Corporation Chairman and CEO Dennis
E. Nixon. “IBC is among the strongest, most reliable banking
companies in America. It’s gratifying to be recognized by industry
experts. Our top priority is our relationship with our clients and
staying true to our commitment to the communities we serve. ‘Doing
More’ is the foundation of everything we do.”
The eighth annual “100 Best Banks” list is developed by Forbes
based on data compiled by SNL Financial of Charlottesville,
Virginia. This year’s rankings evaluated factors including
nonperforming assets as a percent of assets, reserves as a percent
of non-performing loans, two capital ratios (Tier 1 and risk-based)
and revenue growth over the last 12 months. All the data used in
the evaluation is based on regulatory filings for the period ending
September 30, 2016.
IBC was also recognized by Forbes as one of “America’s Best
Banks” in 2010 and 2012 and as one of its “100 Most Trustworthy
Companies” in 2012 and 2014, and one of “America’s 100 Largest
Banks” in 2016. Among other factors, IBC’s ranking was based on its
$12 billion in assets, a 9.4 percent return on average total common
equity and a 16.8 percent efficiency ratio.
IBC & Commerce Bank
IBC Bank and Commerce Bank are members of International
Bancshares Corporation (NASDAQ: IBOC), an $11.8 billion multi-bank
financial holding company headquartered in Laredo, Texas
celebrating 50 years in banking since its founding in 1966.
International Bancshares Corporation consists of 194 facilities and
307 ATMs serving 87 communities in Texas and Oklahoma. In 2017,
International Bancshares Corporation was ranked 46th on Forbes’
prestigious list of 100 Best Banks in America. IBC Bank’s
commitment to “Do More” reflects the bank’s dedication to the
growth and success of both the customers and the communities
it serves. Visit us on our YouTube channel,
IBCBankWeDoMore. MEMBER FDIC / INTERNATIONAL BANCSHARES
CORPORATION. More information is available at ibc.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170306006124/en/
International Bancshares CorporationJudith I. Wawroski,
956-722-7611
International Bancshares (NASDAQ:IBOC)
Historical Stock Chart
From Mar 2024 to Apr 2024
International Bancshares (NASDAQ:IBOC)
Historical Stock Chart
From Apr 2023 to Apr 2024