International Bancshares Corporation (IBOC) news stock charts
International Bancshares Corporation (IBOC) Investment Summary:
The Company is a financial holding company with its principal corporate offices in Laredo, Texas. Four bank subsidiaries provide commercial and retail banking services through more than 255 main banking and branch facilities located in 100 communities in South, Central and Southeast Texas and the State of Oklahoma. The Company was originally incorporated under the General Corporation Law of the State of Delaware in 1979. Effective June 7, 1995, the Company's state of incorporation was changed from Delaware to Texas. The Company was organized for the purpose of operating as a bank holding company within the meaning of the Bank Holding Company Act of 1956, as amended (the "BHCA"), and as such, is subject to supervision and regulation by the Board of Governors of the Federal Reserve System (the "FRB"). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001047469-08-002085.html#FIS_BUSINESS"www.ibc.com
Founded in 1966
INTERNATIONAL BANCSHARES CRP (IBOC:NASDAQ)
LAST $24.12 USD
CHANGE TODAY -0.01 -0.04%
VOLUME 692.1K
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of INTERNATIONAL BANCSHARES CRP (IBOC)
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OPEN
$24.29
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PREVIOUS CLOSE
$24.13
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DAY HIGH
$24.42
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DAY LOW
$23.90
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52 WEEK HIGH
03/17/10 - $25.14
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52 WEEK LOW
03/23/09 - $6.55
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MARKET CAP
1.6B
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AVERAGE VOLUME 10 D
376.6K
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EPS TTM
$2.01
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SHARES OUTSTANDING
68.1M
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EX-DATE
03/30/10
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P/E TTM
12.0x
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DIVIDEND
$0.34
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DIVIDEND YIELD
1.41%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for INTERNATIONAL BANCSHARES CRP (IBOC)
International Bancshares Corp. Declares Cash Dividend Payable on April 19, 2010; Appoints Guillermo Trevino to the Board
03/11/2010
International Bancshares Corp. announced that on March 9, 2010, Board of Directors approved the declaration of 17 cents per share cash dividend for shareholders of record as of the close of business on April 1, 2010, payable on April 19, 2010. The Board also announced that it has elected Guillermo Trevino to IBC's Board. The Board unanimously voted to appoint Mr. Trevino to fill the vacancy left by Mr. Richard E. Haynes, who passed away in October 2009. Mr. Trevino has served on the Board of Directors of IBC's subsidiary bank, International Bank of Commerce, Laredo, Texas, since February 2008 and is a member of that board's Executive Committee. Mr. Trevino will serve on two committees of the Board, including the Audit Committee and Asset/Liability, Investment, Balance Sheet-Management, Funds Management/Liquidity/Interest Rate Risk Committee. Mr. Trevino has been the President of Southern Distributing, a multi-brand beer and soft drink distributor in Laredo, Texas, for more than ten years.
International Bancshares Corp. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 1, 2010).
03/1/2010
International Bancshares Corp. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on March 1, 2010).
International Bancshares Corp. Reports Earnings Results for the Fourth Quarter and Year Ended December 31, 2009
03/1/2010
International Bancshares Corp. reported earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported net income applicable to common shareholders was $33.8 million or $0.50 per diluted common share compared to net income applicable to common shareholders $31.7 million or $0.46 per diluted common share for the same period of 2008. For the year ended December 31, 2009, the company reported annual net income applicable to common shareholders was $129.8 million or $1.90 per diluted common share compared to net income applicable to common shareholders of $132.1 million or $1.92 per diluted common share for the same period of 2008. Interest income was $527.38 million compared to $564.6 million for the same period a year ago. Income before income taxes was $220.73 million compared to $201.64 million for the same period a year ago.
International Bancshares Corporation financial resources
IBOC Competitors
| Company | Last | Change |
| BancorpSouth Inc | $20.60 USD | +0.45 |
| Fulton Financial Corp | $10.40 USD | -0.02 |
| Popular Inc | $2.73 USD | +0.12 |
| Valley National Bancorp | $15.37 USD | -0.15 |
| Wilmington Trust Corp | $16.09 USD | +0.34 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | IBOC | Industry Range |
| Price/Earnings | 12.7x |
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| Price/Sales | 3.1x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 11.5x |
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| TEV/Sales | NM | Not Meaningful |
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IBOC |
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IBOC transactions
| Type Date |
Target |
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Buyback
March 9, 2010 |
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More Recent Financial News About International Bancshares Corporation
IBC may face $21.8 million judgment related to dispute
2010-03-15 07:56:56
Quote: International Bancshares Corp. has lost a court battle in Oklahoma related to its 2004 acquisition of Local Financial Corp.On March 5, judgment was entered on a jury verdict rendered against IBC in the U.S. District Court for the Western District of Oklahoma. The dispute revolved around certain tax matters that were inherited by IBC. Former controlling shareholders of Local Financial filed claims of $14 million in tax refunds received by IBC based on deductions taken in 2003. These funds were ta...Read article
InPlay: International Banc announces extension of stock repurchase program and litigation matter
2010-03-12 01:18:02
Keywords: market update, investing education, financial advice, financial planning
Quote: Read article
International Bancshares Corporation Announces Cash Dividend, Extension of Stock Repurchase Program, Appointment of New Director and Litigation Matter
2010-03-12 01:18:02
Quote: LAREDO, Texas--(BUSINESS WIRE)--International Bancshares Corporation (“IBCâ€) today, announced that onMarch 9, 2010, IBC’s Board of Directors approved the declaration of a 17cents per share cash dividend for shareholders of record as of theclose of business on April 1, 2010, payable on April 19, 2010. “Thiscash dividend was made possible because of the continuing strongperformance of IBC, even in these challenging economic times,†saidDennis E. Nixon, Chairman and P...Read article
INTERNATIONAL BANCSHARES CORP Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Financial
2010-03-12 01:18:02
Quote: Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 11, 2010, International Bancshares Corporation ("IBC") issued a news
release announcing Guillermo Trevino's appointment to IBC's Board of Directors
(the "Board").The Board unanimously voted to appoint Mr. Trevino to fill the
vacancy left by Richard E. Haynes, who passed away in October 2009.Mr. Trevino
has been...Read article
INTERNATIONAL BANCSHARES CORP Files SEC form 10-K, Annual Report
2010-03-02 07:40:25
Quote: INTERNATIONAL BANCSHARES CORPRequest a Trial to NEW EDGAR Online Pro
Form
10-K for
INTERNATIONAL BANCSHARES CORP
1-Mar-2010Annual ReportPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
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Neither Yahoo! nor any of
independent providers is liable for any informational
errors, incomplet...Read article
IBC Bank CEO honored as ‘Mr. South Texas’
2010-02-26 11:26:35
Quote: International Bancshares Corp. Chairman and CEO Dennis E. Nixon has officially been named Mr. South Texas 2010 in Laredo.Nixon received the honor for his leadership role in making IBC Bank a top financial institution. The award also recognizes Nixon’s dedication and commitment to making Laredo and South Texas a better place through his personal volunteerism and corporate philanthropy.International Bancshares Corp. (NASDAQ: IBOC) is the holding company for IBC Bank-San Antonio. The Laredo-b...Read article
INTERNATIONAL BANCSHARES CORP Files SEC form 8-K, Change in Directors or Principal Officers
2010-01-25 02:38:52
Quote: Item 5.02(e)Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In a Current Report on Form 8-K filed with the Securities Exchange Commission on
December 23, 2008, International Bancshares Corporation, a Texas corporation
("IBC"), reported that it had entered into an agreement with the U.S. Department
of the Treasury ("Treasury") to sell preferred stock and warrants to the
Treasu...Read article
Is Naked Shorting Really A Problem?
2010-01-04 02:18:28
Keywords: Securities Law, SEC, Goldman Sachs, Shorting, Naked Short Selling
Quote: Dennis Nixon, chairman of International Bancshares Corp.(IBOC -news-people), wants a firm location requirement, as his company's short volume recently rose to 11 million shares, which is up 891%, and his company's stock price fell from $24 to $6.55 in a matter of months. Nixon expressed a lot of frustration at short selling, citing the lengthy process companies go through to issue shares of stock when short sellers can "create another 11 million shares" almost instantly. He called the short-sell...Read article
INTERNATIONAL BANCSHARES CORP Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles o
2009-12-23 02:41:12
Quote: Item 5.02Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
In a Current Report on Form 8-K filed with the Securities Exchange Commission on
December 23, 2008, International Bancshares Corporation, a Texas corporation
("IBC"), reported that it had entered into an agreement with the U.S. Department
of the Treasury ("Treasury") to sell preferred stock and warrants to the
Treasury ...Read article
INTERNATIONAL BANCSHARES CORP Files SEC form 8-K, Other Events
2009-11-30 01:53:22
Quote: Item 8.01Other Events
On October 5, 2009, International Bancshares Corporation ("IBC") issued a news
release announcing the declaration of a seventeen cents per share cash dividend
for all holders of Common Stock, $1.00 par value, of record on October 19, 2009
said cash dividend to be payable on November 2, 2009.The news release,
attached hereto and filed herewith as Exhibit 99, is incorporated herein by
reference.
All of the information furnished in Item 8.01 of this report and the
a...Read article
INTERNATIONAL BANCSHARES CORP Files SEC form 8-K, Results of Operations and Financial Condition
2009-11-30 01:53:20
Quote: Item 2.02 - Results of Operations and Financial Condition
On November 2, 2009, International Bancshares Corporation issued a news release
announcing third quarter and year to date 2009 earnings.The news release,
attached hereto and filed herewith as Exhibit 99, is incorporated herein by
reference.
All of the information furnished in Item 2.02 of this report and the
accompanying exhibits are also intended to be included under "Item 7.01 -
Regulation Fair Disclosure" and shall not be de...Read article
Hispanic Chamber honors IBC Bank executive
2009-11-27 22:04:48
Quote: “He is committed to seeing San Antonio and the Hispanic community succeed.”IBC Bank is owned by Laredo-based International Bancshares Corp. (NASDAQ: IBOC), a $11.5 billion multi-bank financial holding company with more than 275 branches in Texas and Oklahoma.......Read article
IBC Bank's Eddie Aldrete Named Corporate Executive of the Year
2009-11-27 22:04:47
Quote: Read article
IBC’s earnings down slightly in third quarter
2009-11-27 22:04:41
Quote: International Bancshares Corp. (IBC), the parent company of IBC Bank, concluded the third quarter with largely flat earnings after taking into account the company’s payback terms from its participation in the U.S. Treasury Department’s Troubled Asset Relief Program.IBC reported net income of $33.7 million, or 49 cents per diluted share, for the third quarter ended Sept. 30, 2009. This compares to net income of $33.9 million, or 49 cents per diluted share, for the same period a year a...Read article
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