International Bancshares Corporation Announces Cash Dividend Increase
01 Fevereiro 2023 - 12:53PM
Business Wire
International Bancshares Corporation (NASDAQ: IBOC) announced
today that on January 31, 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 February 15, 2023, payable on February 28,
2023. This dividend represents a 5%, or .03 cents per share,
increase above IBC’s previous dividend paid on August 29, 2022.
“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. We remain committed to continue to manage our
Company responsibly to position us for continued success and to
enhance the value of our Company for our shareholders,” said Dennis
E. Nixon, president and CEO of IBC.
IBC is a multi-bank financial holding company headquartered in
Laredo, Texas, with approximately $16.0 billion in total assets and
167 facilities and 257 ATMs serving 75 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: https://www.businesswire.com/news/home/20230201005742/en/
Judith Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611 (Laredo)
International Bancshares (NASDAQ:IBOC)
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