International Bancshares Corporation Increases Cash Dividend by 4.76%
February 01 2024 - 10:47AM
Business Wire
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. In 2024, we remain committed to
continuing to manage our Company responsibly to position us for
sustained 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 $14.9 billion in total assets and
168 facilities and 258 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/20240201365136/en/
Judith Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611 (Laredo)
International Bancshares (NASDAQ:IBOC)
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