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International Bancshares Corporation

International Bancshares Corporation (IBOC)

70.95
0.99
( 1.42% )
Updated: 12:22:56

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
70.95
Bid
70.87
Ask
71.03
Volume
50,096
69.46 Day's Range 71.53
43.89 52 Week Range 73.11
Market Cap
Previous Close
69.96
Open
69.46
Last Trade
2
@
70.9501
Last Trade Time
12:23:32
Financial Volume
$ 3,550,464
VWAP
70.8732
Average Volume (3m)
206,100
Shares Outstanding
62,192,105
Dividend Yield
1.86%
PE Ratio
10.70
Earnings Per Share (EPS)
6.62
Revenue
837.43M
Net Profit
411.77M

About International Bancshares Corporation

International Bancshares Corp is a financial holding company with bank subsidiaries that provide commercial and retail banking services, primarily in Texas and Oklahoma. The subsidiaries gather funds from various sources and invest these funds to earn a return. Fund gathering primarily takes the for... International Bancshares Corp is a financial holding company with bank subsidiaries that provide commercial and retail banking services, primarily in Texas and Oklahoma. The subsidiaries gather funds from various sources and invest these funds to earn a return. Fund gathering primarily takes the form of accepting demand and time deposits. The bank subsidiaries have historically focused on providing commercial banking services to small and medium-size businesses. The subsidiaries have increasingly transitioned to also providing consumer and retail banking, including mortgage lending. The company's strategy emphasizes customer service and expense control. The company generates net revenue primarily through net interest income. Show more

Sector
State Commercial Banks
Industry
State Commercial Banks
Website
Headquarters
Laredo, Texas, USA
Founded
-
International Bancshares Corporation is listed in the State Commercial Banks sector of the NASDAQ with ticker IBOC. The last closing price for International Bancshares was $69.96. Over the last year, International Bancshares shares have traded in a share price range of $ 43.89 to $ 73.11.

International Bancshares currently has 62,192,105 shares outstanding. The market capitalization of International Bancshares is $4.35 billion. International Bancshares has a price to earnings ratio (PE ratio) of 10.70.

IBOC Latest News

IBC Reports Strong Earnings for the Third Quarter of 2024

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the nine months ended Sept. 30, 2024 of $294.1...

International Bancshares Corporation Announces Cash Dividend

International Bancshares Corporation (NASDAQ: IBOC) announced today that on July 31, 2024, IBC’s Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders...

IBC Reports Strong Earnings for the First Half of 2024

International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the six months ended June 30, 2024 of $194.3...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
19.2615.010536553761.6973.1160.1431178368.47156117CS
411.3519.043624161159.673.1159.620982564.95325355CS
1211.6219.585369964659.3373.1156.7520610062.31075706CS
2611.419.143576826259.5573.1153.3321279660.7626903CS
5225.1955.048076923145.7673.1143.8922824556.35361803CS
15625.3455.557991668545.6173.113824102647.91629191CS
26028.466.745005875442.5573.1115.623316243.34565565CS

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IBOC Discussion

View Posts
Penny Roger$ Penny Roger$ 13 years ago
~ Monday! $IBOC ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $IBOC ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=IBOC&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=IBOC&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=IBOC
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=IBOC#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=IBOC+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=IBOC
Finviz: http://finviz.com/quote.ashx?t=IBOC
~ BusyStock: http://busystock.com/i.php?s=IBOC&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=IBOC >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.
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dam dam 15 years ago
Heavy NOV 17.5 call volume today; looks ready to run.
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loniee loniee 15 years ago
what was the pps when you posted this...8.50 if I remember correctly...dang your on the ball ..now just spamming everywhere you go...gl
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loniee loniee 16 years ago
Don't look like your BK trade is working out to well for you here...lol
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loniee loniee 16 years ago
Looks like I might have sold a bit early hmmm
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loniee loniee 16 years ago
I doubt that..but any how I sold monday on the ask..looking at your post history...I take it you are probly shorting fins now...lol
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Value_Investor Value_Investor 16 years ago
Rumor: CH11 will be filed within a few days. Sell at the bid ASAP.
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loniee loniee 16 years ago
Hey there!!cheak this out..first page in the proxy statement.

- Proxy Statement - Notice of Shareholders Meeting (preliminary) (PRE 14A)





International Bancshares
Corporation

April 18, 2009

Dear Shareholder:

Once again, we are preparing for our Annual Shareholders' Meeting on Monday, May 18, 2009, at 2:00 PM . We encourage everyone to arrive no later than 1:30 p.m. to avoid delays.

The meeting will be held at IBC's newest location, the IBC Annex Building at 2416 Jacaman Rd. Laredo, Texas 78041, across from the Laredo Entertainment Center .


In preparation for the meeting, I'm enclosing the Annual Report to Shareholders containing financial statements audited by McGladrey & Pullen, LLP, as well as the formal Notice of Annual Meeting of Shareholders, Proxy Statement and a Proxy Card. The Proxy Card has been provided for the purpose of voting for the election of Directors and other issues to be presented at the meeting.

In order to have a quorum at the meeting, I urge you to complete and sign the Proxy Card and return it in the enclosed self-addressed envelope .


I'm happy with the results for 2008 considering the challenges we faced during these economic times. IBC has continued to grow total assets and earnings in the face of these many challenges. A great deal of emphasis has been placed on building retail banking through our expanded branch system. I'm happy to report that these efforts are really beginning to bear fruit. As you can see from the summary of financial data, IBC improved total results for 2008. Although these results were good, your management team is clearly focused on improving this performance.






2007 2008
Net Profits After Taxes
$ 121,312,000 $ 132,112,000
Total Assets
$ 11,167,161,000 $ 12,439,341,000
Return on Your Shareholders' Equity
13.73 % 13.34 %
Book Value of Each of Your Common Shares
$ 14.54 $ 16.25
Basic Earnings per Share—Adjusted for Dividends
$ 1.76 $ 1.93



Over the last two years, IBC has opened 70 new branches, including locations in Beeville and Sinton. These new locations, coupled with IBC's aggressive organic growth program give IBC more than 265 branches in 101 communities throughout Texas and Oklahoma. This initiative is very aggressive, but in line with IBC's expansion strategy. IBC is totally committed to meeting the needs of our customers and these new branches are being positioned to expand existing relationships as well as attract new customers. This aggressive branch expansion program is expensive, but it is a cost that needs to be borne in order to assure IBC's ability to compete in the twenty-first century. Your management is pleased with the progress of this strategy and believes these branches will produce positive results as each branch matures.


This is my 34 th year of service to IBC. It has been a real joy leading a company that has been built around successful people ready to meet all the challenges we face in the industry. I'm looking forward to sharing our success story at the annual meeting, so please make a special effort to attend, but in any event, please return your Proxy Card as soon as possible in order that we may have the necessary votes recorded at the meeting .


We will have a social time immediately following our business session to provide you an opportunity to visit with your staff and enjoy the afternoon. Just one last reminder, the time of the meeting has been changed to 2:00 pm and it will be held at the IBC Annex Building on Jacaman Rd .



Sincerely yours,







Dennis E. Nixon
President

--------------------------------------------------------------------------------



INTERNATIONAL BANCSHARES CORPORATION
Post Office Drawer 1359
Laredo, Texas 78042-1359










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zigzagman zigzagman 16 years ago
I'll take a look at the chart this weekend...

And get back to you...Have a great one!...
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dominos3265 is a punk dominos3265 is a punk 16 years ago
A new home!!!!!!!! ;) Money time!
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loniee loniee 16 years ago
Proxy statement to share holders.

http://ih.advfn.com/p.php?pid=nmona&cb=1238790816&article=37158228&symbol=N%5EIBOC
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loniee loniee 16 years ago
Looks like the chart set up today for a move next week maybe...like that hammer and I like being over the mid BB imo
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THUMBS THUMBS 16 years ago
Lovin the divy bro->
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BleeckerStreet BleeckerStreet 16 years ago
seems to work down in march for rise at tax day
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loniee loniee 16 years ago
are you in JTX?I just looked at the chart. looking real good over the last week or so...
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loniee loniee 16 years ago
Yes they do...
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BleeckerStreet BleeckerStreet 16 years ago
that is true........also stocks the JTX rise!
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loniee loniee 16 years ago
One thing I have noticed over the years is that seems to happen alot right around tax time it seems.
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loniee loniee 16 years ago
cool...
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BleeckerStreet BleeckerStreet 16 years ago
Will keep a EYE this..........
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loniee loniee 16 years ago
I saw that on march 6 Sanchez,Antonio sold 424,600 k
with a planned sale of 800k
and Santiq,ltd has a planned sale of 250k...had 2 purchases on march 2 and 4th for 158k
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BleeckerStreet BleeckerStreet 16 years ago
Insider Transaction History
Transaction Date Name/
Position Transaction Type Current Average
6 Month Return Market Value Shares Price Range Total Holdings
March 6, 2009 Sanchez, Antonio R Jr
Directors Sale +0.16% $3.6M 424,600.00 $8.13 - 8.65 11,262,800.00
March 5, 2009 Sanchez, Antonio R Jr
Directors Planned Sale -- $7.2M 800,000.00 -- - -- --
March 5, 2009 Santig, Ltd
Affiliates Planned Sale -- $2.3M 250,000.00 -- - -- --
March 4, 2009 Newman, Peggy J
Directors Purchase +0.21% $10.5K 1,100.00 $9.59 - 9.59 18,116.00
March 2, 2009 Hastings, Daniel B Jr
Directors Purchase +0.11% $148.6K 15,000.00 $9.70 - 9.93 174,018.00
February 24, 2009 Nixon, Dennis E
Officers Stock Gift -- $0.0 1,204.00 $0.00 - 0.00 2,576,430.00
January 13, 2009 Nixon, Dennis E
Officers Stock Gift -- $0.0 9,716.00 $0.00 - 0.00 2,576,430.00
January 12, 2009 Greenblum, Irving
Directors Stock Gift -- $0.0 9,600.00 $0.00 - 0.00 624,884.00
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BleeckerStreet BleeckerStreet 16 years ago
May want to check the insider selling...........
They parted with a few share
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zigzagman zigzagman 16 years ago
Good night to you too ;^))
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loniee loniee 16 years ago
Thanks alot..have a great night
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zigzagman zigzagman 16 years ago
That's interesting...

I plan to do some serious DD on this one over the weekend, and I'll post my findings here if I have time...I'll be very busy this weekend, so I may not have time to get around to this...
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loniee loniee 16 years ago
CEO was on cnbc and said they have no intentions of cutting it at the moment.But we all know about good intentions ,don't we?lol
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zigzagman zigzagman 16 years ago
I'm here!...That 8% dividend looks very good...

The price is cheap, and it may have a nice run up someday...

But what I'm really interested in is the divy...I'm going to do some serious DD on this one and see if it's a candidate for our long term hold account that only has high paying dividend stocks in it...The big question I'd have to ask about this one is how safe is the divy?...They way companies are slashing or eliminating divy's these days, it makes me wonder?...
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loniee loniee 16 years ago
DIVY still stands allso
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loniee loniee 16 years ago
This one has just kind of stayed under the radar...looks like it is starting to get noticed.
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loniee loniee 16 years ago
http://www.finviz.com/quote.ashx?t=IBOC&ta=1&p=d
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loniee loniee 16 years ago
IBC Comments on Stock Price
Wednesday 03/25/2009 11:07 AM ET - Businesswire

Related Companies
Symbol Last %Chg
IBOC 8.24 5.37%

As of 4:00 PM ET 4/2/09
International Bancshares Corporation (NASDAQ:IBOC) today reported that management of the Company does not believe the current common stock price reflects the strengths of the Company. The Company continues to maintain strong levels of capital and earnings continue to be good as reflected by the Company's annual net income for 2008 of $132.1 million or $1.93 per share - basic ($1.92 per share-diluted). This solid level of performance reflects IBC's commitment to credit quality and superior earnings even during these difficult economic times.

From an economic perspective, IBC operates in perhaps the best geographic area in the nation, with lower unemployment and a stronger basic economy then most regions. In addition, IBC has historically performed above peer group averages in virtually all performance measures used to evaluate the success of a financial institution. In fact, IBC was recently recognized by Bank Director as the 18th best performing bank.

Management of the Company believes the Company's low current stock price has been negatively affected by short-selling. Short-selling occurs when investors borrow shares and sell them hoping the stock will fall and they can buy the shares at a lower price. In recent months, short-selling has been blamed in the media for driving down shares of financial stocks. As a Company that participated in the U.S. Treasury Department's Capital Purchase Program, the Company is particularly vulnerable to the harmful practices of short-traders because under the CPP, the Company is prohibited from repurchasing its common stock.

The Securities and Exchange Commission is expected to consider a proposal to combat abusive short selling in April, which proposal may include restoring the "uptick rule," that prevents traders from initiating a short-sale unless the price of a stock in its most recent trade was at or higher than the previous price.

The Company chose to participate in the CPP program even though the Company was well capitalized. Since the CPP program was designed to only be offered to sound financial institutions with solid regulatory ratings and was encouraged by the Treasury, the Company deemed it prudent to participate and issued $216 million of preferred stock to the U.S. Department of the Treasury. The CPP is not a bank bailout program and it is totally distinct from the extraordinary assistance the government has provided to certain large troubled financial institutions.

Total assets at December 31, 2008 were $12.4 billion compared to $11.2 billion at December 31, 2007. Total net loans were $5.8 billion at December 31, 2008 compared to $5.5 billion at December 31, 2007. Deposits were $6.9 billion at December 31, 2008 compared to $7.2 billion at December 31, 2007.

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 265 facilities and more than 420 ATMs serving 101 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.

SOURCE: International Bancshares Corporation

International Bancshares Corporation
Judy Wawroski, 956-722-7611 (Laredo)
Vice President
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