Forbes Magazine Ranks International Bancshares Corporation among Nation’s Best
11 February 2016 - 3:16AM
Business Wire
Laredo-based holding company ranked #50 in its
50th year
International Bancshares Corporation (NASDAQ: IBOC) has been
ranked among the nation’s best by business publishing giant Forbes
magazine. The $12.1 billion Laredo-based multi-bank financial
holding company ranked 50th on the prestigious list of the 100 Best
Banks in America based on factors such as its asset quality,
capital adequacy, growth and profitability.
The selection comes as IBC celebrates its 50th year of service
in Texas and Oklahoma. Since its founding in 1966, IBC has grown to
serve 88 communities with 208 branches and more than 320 ATMs. It
is one of only 13 banks on the Forbes list to increase its
dividends by at least four percent for six consecutive years.
“Forbes is confirming what our employees and clients already
know,” said International Bancshares Corporation President,
Chairman of the Board and CEO Dennis E. Nixon. “IBC is among the
strongest, most reliable banking companies in America. It’s
gratifying to be recognized by industry experts; however, our top
priority is our relationship with our clients. Staying true to our
commitment to the communities we serve, and ‘Doing More’, is the
foundation of everything we do.”
The seventh annual “100 Best Banks” list is developed by Forbes
based on data compiled by SNL Financial of Charlottesville,
Virginia. This year’s rankings evaluated factors including
nonperforming assets as a percent of assets, reserves as a percent
of non-performing loans, two capital ratios (Tier 1 and risk-based)
and revenue growth over the last 12 months. All the data used in
the evaluation is based on regulatory filings for the period ending
September 30, 2015.
IBC was also recognized by Forbes as one of “America’s Best
Banks” in 2010 and 2012 and as one of its “100 Most Trustworthy
Companies” in 2012 and 2014. Among other factors, IBC’s ranking was
based on its $12.1 billion in assets, a 10.6 percent return on
average total common equity and a 52 percent efficiency ratio.
IBC Bank is a division of International Bancshares Corporation
(NASDAQ: IBOC), a $12.1 billion multi-bank financial holding
company headquartered in Laredo, Texas, with 208 facilities and
more than 320 ATMs serving 88 communities in Texas and Oklahoma. In
2014, IBC Bank was named one of America’s 50 Most Trustworthy
Financial Companies by Forbes magazine. IBC Bank’s commitment
to “Do More” reflects the bank’s dedication to the growth and
success of both the customers and the communities it serves.
Visit us on our YouTube channel, IBCBankWeDoMore. MEMBER FDIC
/ INTERNATIONAL BANCSHARES CORPORATION. More information is
available at www.ibc.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160210006128/en/
International Bancshares CorporationJudith I. Wawroski,
956-722-7611
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