International Bancshares Corporation Announces Cash Dividend
International Bancshares Corporation (IBOC) announced an early cash dividend of $.55 per share for shareholders of record on Feb. 5, 2021, payable on Feb. 17, 2021. This exceptional dividend reflects IBC's strong financial performance and robust capital position, attributed in part to the 2017 Tax Cut and Jobs Act. IBC manages approximately $13.6 billion in total assets and operates across 88 communities in Texas and Oklahoma.
- Early declaration of a cash dividend of $.55 per share.
- Strong financial performance supports dividend issuance.
- Robust capital position due to tax reform benefits.
- None.
International Bancshares Corporation (“IBC”) announced today that on Jan. 22, 2021, IBC’s Board of Directors approved the early declaration of a .55 cents per share cash dividend for shareholders of record of Common Stock,
IBC (NASDAQ:IBOC) is a multi-bank financial holding company headquartered in Laredo, Texas, with approximately
“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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