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 (NASDAQ: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 http://www.sec.gov/edgar.shtml
or IBC’s website at http://www.ibc.com.
International Bancshares Corporation
Judy Wawroski, 956-722-7611
Source: International Bancshares Corporation