International Bancshares Corporation Announces Cash Dividend
05 February 2022 - 5:04AM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220204005412/en/
Judith Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611 (Laredo)
International Bancshares (NASDAQ:IBOC)
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