An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
International Bancshares Corporation Announces Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
International Bancshares Corporation (IBOC) declared a cash dividend of .60 cents per share for shareholders of record as of Feb. 15, 2022. The payment date is set for Feb. 28, 2022. This decision reflects the company's strong financial performance and solid capital position, benefiting from the 2017 Tax Cuts and Jobs Act. Going forward, dividends are likely to be paid in February and August. IBC holds approximately $15.7 billion in total assets and operates 169 facilities across Texas and Oklahoma.
Positive
Declaration of a cash dividend of .60 cents per share, indicating strong financial health.
Strong capital position bolstered by tax reforms.
Negative
None.
LAREDO, Texas--(BUSINESS WIRE)--
International Bancshares Corporation (“IBC”) announced today that on Feb. 3, 2022, IBC’s Board of Directors approved the declaration of a .60 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, 2022, payable on Feb. 28, 2022. The Company previously modified its discretionary dividend program due to COVID-19 by moving up the payment date, so future dividends, if declared, will likely occur in February and August going forward. “This discretionary cash dividend was made possible because of our Company’s strong financial performance, augmented by the benefits of the 2017 Tax Cuts and Jobs Act, and our exceptionally strong capital position,” said Dennis E. Nixon, president and CEO of IBC.
IBC (NASDAQ:IBOC - News) is a multi-bank financial holding company headquartered in Laredo, Texas, with approximately $15.7 billion in total assets and 169 facilities and 263 ATMs serving 76 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.
Judith Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611 (Laredo)
Source: International Bancshares Corporation
FAQ
What is the dividend amount declared by IBOC?
The declared dividend amount by IBOC is .60 cents per share.
When is the dividend payable for IBOC?
The dividend is payable on Feb. 28, 2022.
What is the record date for the IBOC dividend?
The record date for the dividend is Feb. 15, 2022.
How often does IBOC plan to issue dividends?
IBOC plans to issue dividends in February and August going forward.
What factors contributed to IBOC's ability to declare a cash dividend?
The strong financial performance and robust capital position, along with the benefits from the 2017 Tax Cuts and Jobs Act, contributed to IBOC's ability to declare a cash dividend.
