International Bancshares Corporation Announces Increase in Cash Dividend
March 20 2017 - 1:04PM
Business Wire
International Bancshares Corporation (“IBC”) (NASDAQ: IBOC),
today announced that on March 17, 2017, its Board of Directors
approved the declaration of a thirty-three cents per share cash
dividend for shareholders of record as of the close of business on
April 3, 2017, payable on April 17, 2017.
“This cash dividend, which reflects an increase of 6.5% over
IBC’s most recent cash dividend, was made possible because of the
Company’s strong capital position and achieving superior earnings
despite the challenging times,” said Dennis E. Nixon, president and
CEO of IBC.
It is the inclination of the Board to continue to declare
semiannual cash dividends. However, any declaration of future cash
dividends will depend upon IBC’s financial position, strategic
plans, and general business conditions at the time.
IBC is a multi-bank financial holding company headquartered in
Laredo, Texas, with $11.8 billion in total assets, 194
facilities and over 307 ATMs serving 87 communities in Texas and
Oklahoma.
“Safe Harbor” statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts contain forward-looking information with
respect to plans, projections or future performance of IBC and its
subsidiaries, the occurrence of which involve certain risks and
uncertainties detailed in IBC’s filings with the Securities and
Exchange Commission.
Copies of IBC’s SEC filings and Annual Report (as an exhibit to
the 10-K) may be downloaded from the SEC filings site located at
http://www.sec.gov/edgar.shtml or IBC’s website at
http://www.ibc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170320005978/en/
International Bancshares CorporationJudith Wawroski,
956-722-7611Senior Vice President
International Bancshares (NASDAQ:IBOC)
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