International Bancshares Corporation Announces Cash Dividend
March 17 2020 - 10:44AM
Business Wire
International Bancshares Corporation (NASDAQ:IBOC) (“IBC”)
announced today that on March 16, 2020, IBC’s Board of Directors
approved the declaration of a $.55 cents per share cash
dividend for shareholders of record of IBC’s common stock, $1.00
par value, as of the close of business on April 1, 2020, payable on
April 17, 2020.
“This cash dividend was made possible because of our company’s
strong earnings performance, augmented by the Tax Cut and Jobs Act
of 2017, and the company’s very strong capital position,” said IBC
Bank President and CEO Dennis E. Nixon.
IBC is a multi-bank financial holding company with approximately
$12.1 billion in assets headquartered in Laredo, Texas, with 188
facilities and 284 ATMs serving 88 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 future developments or events, expectations, plans,
projections or future performance of IBC and its subsidiaries, the
occurrence of which involve certain risks and uncertainties,
including those 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
https://www.sec.gov/edgar.shtml or IBC’s website at
https://www.ibc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200317005593/en/
Judith Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611 (Laredo)
International Bancshares (NASDAQ:IBOC)
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