BNET Industries
International Bancshares Corp. (IBOC) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $808.9M
- Profit
- Dec 31 2007
- $121.3M
- Market Cap
- Jul 22 2008
- $1.5B
Latest News and Analysis
IBC Bank Launches Bilingual Mobile Banking Application from mFoundry
Texas-Based IBC First Bank to Launch Spanish Language Mobile Banking Service LAREDO, Texas & SAN FRANCISCO, Calif. -- Mobile banking and payments leader mFoundry today announced the launch of IBC Bank's mobile banking application. IBC Bank is the Laredo-based flagship bank of International Bancshares Corporation (NASDAQ: IBOC), one...
IBC Bank relocates branch in Lawton
IBC Bank has relocated its Lawton branch from intersection of 11th and Gore to 2101 W. Gore. The new branch joins the Central Mall IBC branch in offering seven-day banking services, said Brian Henry, IBC Bank's Lawton market president. The new facility has 5,200...
IBC Announces First Quarter Earnings
LAREDO, Texas -- International Bancshares Corporation (NASDAQ: IBOC) today reported earnings for the first quarter of 2008 of $33.5 million, or $.49 diluted earnings per common share and $.49 basic earnings per common share, as compared to $18.6 million or $.27 diluted earnings per common share and $.27 basic earnings...
IBC Bank's Edmond branch relocates
EDMOND - IBC Bank recently relocated a branch on Bryant Street in Edmond to 1815 SE 15th St. The 4,000-square-foot branch facility was renovated by Butler Construction. Donald Staden has joined IBC Bank as branch manager. IBC Bank-Oklahoma is a member...
Laredo, Tex.-based IBC reports 3.7% increase in net income for 2007
International Bancshares Corp. on Monday reported a 3.7 increase in net income for 2007. Net income for the year totaled $121.3 million, or $1.75 per diluted share, up from $117 million, or $1.67 per diluted share, for 2006. Net income for the fourth quarter...
IBC Announces Annual Earnings
LAREDO, Texas -- International Bancshares Corporation (NASDAQ:IBOC) today reported annual net income for 2007 of $121.3 million or $1.76 per share - basic ($1.75 per share - diluted) compared to $117.0 million or $1.68 per share - basic ($1.67 per share - diluted), which represents a 3.7% increase in net...
International Bancshares Corporation Announces Cash Dividend
LAREDO, Texas -- International Bancshares Corporation ("IBC") today announced that the Board of Directors on February 20, 2008, approved the declaration of a 33 cents per share cash dividend for shareholders of record as of the close of business on March 31, 2008, payable on April 18, 2008. "This cash...
IBC Bank and Visa Sign Debit Partnership Agreement
IBC to Convert Portfolio to Visa Debit Products and Move Processing Services to Visa SAN FRANCISCO & LAREDO, Texas -- IBC Bank, a member of International Bancshares Corporation, and Visa Inc. today announced that the companies have signed a five-year partnership agreement that will result in IBC converting...
IBC Bank reopens financial center in Lawton
IBC Bank has renovated and expanded its branch 6425 NW Cache Road in Lawton. The renovation of the 20,000-square-foot branch is part of IBC's realignment in Lawton, said Brian Henry, IBC Bank's Lawton market president. The facility includes a four-lane motor bank, drive-up ATM machine, community suite,...
Laredo, Tex.-based International Bancshares Corp. reports earnings
International Bancshares Corp. has reported a 23.7-percent increase in earnings for the third quarter. Net income for the quarter totaled $32.7 million, or 47 cents per diluted share, up from $26.6 million, or 38 cents per diluted share, for the third quarter of 2006. ...
IBC Announces Third Quarter Earnings
LAREDO, Texas -- Please replace the release (dated Nov. 01, 2007) with the following corrected version due to multiple revisions in the first paragraph. The corrected release reads: IBC ANNOUNCES THIRD QUARTER EARNINGS International Bancshares Corporation (NASDAQ:IBOC) today reported net income for the third...
mFoundry to Power Mobile Banking Solution for Regional Banking Leader IBC Bank
Solution to Launch in Q1 of 2008 on All National Wireless Operators LAREDO, Texas & SAN FRANCISCO -- Mobile banking leader mFoundry today announced the selection of mFoundry's Spotlight financial platform by IBC Bank, the Laredo-based flagship bank of International Bancshares Corporation (NASDAQ: IBOC), one of the largest...
International Bancshares Corporation Announces Cash Dividend
LAREDO, Texas -- International Bancshares Corporation ("IBC") today announced that the Board of Directors approved the declaration of a 33 cents per share cash dividend for shareholders of record as of the close of business on October 15, 2007, payable on November 1, 2007. This cash dividend represents a 3.7...
Tex.-based IBC replaces accounting firm
International Bancshares Corp. has selected McGladrey & Pullen as the financial holding company's independent registered accounting firm, replacing KPMG. The dismissal of KPMG by the company was not related to any disagreement with KPMG on any matter of accounting principles or practices, financial statement disclosure, or auditing...
Dennis Nixon elected to U.S. Chamber Board
A South Texan will have a seat at the table among the nation's top business leaders who shape and influence the policies of this country. Dennis Nixon, president and CEO of International Bancshares Corp. parent company of IBC Bank, has been elected to serve on the board of directors of...
IBC Announces Change of Accounting Firms
LAREDO, Texas -- International Bancshares Corporation (NASDAQ:IBOC) today reported that on August 24, 2007 the Audit Committee of the Board of Directors of International Bancshares Corporation (the "Company"), with the approval of the Board of Directors, dismissed KPMG, LLP ("KPMG") as the registered accounting firm for the Company. The dismissal...
Laredo, Tex.-based IBC reports earnings
International Bancshares Corp. has reported a slight drop in earnings for the second quarter. Net income for the quarter totaled $34.6 million or 50 cents per diluted share, down from $34.7 million, 49 cents per diluted share, for the second quarter of 2006. Net...
IBC Announces Second Quarter Earnings
LAREDO, Texas -- International Bancshares Corporation (NASDAQ:IBOC) today reported net income for the second quarter of 2007 of $34.6 million or $.50 per share - basic ($.50 per share - diluted) compared to $34.7 million or $.50 per share - basic ($.49 per share - diluted) for the second quarter...
Laredo, Tx.-based IBC reports drop in earnings
International Bancshares Corp. reported a 22.5-percent decrease in net income for the first quarter. Net income for the quarter totaled $18.6 million, or 29 cents per diluted share, down from $24 million, or 37 cents per diluted share, for the first quarter of 2006. ...
Laredo-based IBC expands stock repurchase program
International Bancshares Corp. has expanded its stock repurchase program. Laredo-based IBC is authorized to repurchase up to $225 million of common stock through Dec. 31, 2008, an increase from $200 million through Dec. 31. As of May 2, total of 5 million shares had been repurchased...
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- Incorporated: 1979
International Bancshares is a financial holding company, which provides commercial and retail banking services in South, Central and Southeast Texas and the State of Oklahoma. Co., through its bank subsidiaries, International Bank of Commerce-Laredo, Commerce Bank, International Bank of Commerce-Zapata, and International Bank of Commerce-Brownsville, is primarily engaged in the business of banking, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. As of Dec 31 2007, Co. had total assets of $11.17 billion and total deposits of $7.16 billion.
Key Competitors
International Bancshares Corp. Company Info
Board of Directors
Mr. Dennis E. Nixon
Chairman
Mr. Antonio R. Sanchez Jr.
Ms. Imelda Navarro
Mr. R. David Guerra
Mr. Irving Greenblum
Mr. Daniel B. Hastings Jr.
Mr. Richard E. Haynes
Mr. Sioma Neiman
Mr. Peggy J. Newman
Mr. Leonardo Salinas
Contact Information
1200 San Bernardo Avenue
Laredo, TX
956 722-7611
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
