International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services. In addition, it offers other banking related services, such as credit cards, safety deposit boxes, collection, notary public, escrow, drive up and walk up facilities, and other customary banking services; and Internet banking services, as well as securities products through third party providers. As of February 28, 2022, the company had 170 branch facilities and 263 ATMs serving 76 communities in Texas and Oklahoma. International Bancshares Corporation was founded in 1966 and is headquartered in Laredo, Texas.
International Bancshares Trading Down 0.4 %
Shares of IBOC Stock traded down $0.20 during trading hours on Wednesday, hitting $45.78. 163,535 shares of the company were exchanged, compared to its average volume of 256,617. The firm has a fifty day moving average of $41.61 and a 200 day moving average of $41.68. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.27. International Bancshares has a 1 year low of $38.00 and a 1 year high of $46.67. The firm has a market cap of $2.85 billion, a PE ratio of 11.73 and a beta of 1.04.
International Bancshares Dividend Announcement
The business also recently declared a Semi-Annual dividend, which will be paid on Monday, August 29th. Shareholders of record on Tuesday, August 16th will be issued a $0.60 dividend. The ex-dividend date is Monday, August 15th. This represents a dividend yield of 2.7%.