International Bancshares Corporation Announces Cash Dividend

International Bancshares Corporation Announces Cash Dividend

LAREDO, Texas--(BUSINESS WIRE)-- International Bancshares Corporation ("IBC") today announced that on September 14, 2012, IBC's Board of Directors approved the declaration of a 20 cents per share cash dividend for shareholders of record as of the close of business on September 28, 2012, payable on October 15, 2012. "This cash dividend was made possible because of the continuing good results of IBC, even in these challenging economic times," said Dennis E. Nixon, Chairman and President of IBC.

It is the inclination of the Board to continue to declare semiannual cash dividends. However, any declaration of future cash dividends will depend upon IBC's financial position, strategic plans, and general business conditions at the time.

IBC (NAS: IBOC) is an $11.6 billion multi-bank financial holding company headquartered in Laredo, Texas, with 210 facilities and more than 335 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 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 or IBC's website at

International Bancshares Corporation
Judy Wawroski, 956-722-7611
First Vice President

KEYWORDS: United States North America Texas


The article International Bancshares Corporation Announces Cash Dividend originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.