International Bancshares Corporation (IBOC) To Go Ex-Dividend on August 14th

International Bancshares Corporation (NASDAQ:IBOC) declared a dividend on Friday, July 31st. Shareholders of record on Friday, August 14th will be paid a dividend of 0.73 per share by the bank on Friday, August 28th. This represents a dividend yield of 192.0%. The ex-dividend date of this dividend is Friday, August 14th.

International Bancshares has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 16 consecutive years.

International Bancshares Stock Performance

Shares of NASDAQ:IBOC opened at $72.04 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77. The business’s 50 day moving average price is $75.43 and its 200-day moving average price is $72.15. The firm has a market capitalization of $4.48 billion, a PE ratio of 10.87 and a beta of 0.69. International Bancshares has a 1 year low of $63.19 and a 1 year high of $78.46.

International Bancshares (NASDAQ:IBOC) last posted its quarterly earnings data on Thursday, August 6th. The bank reported $1.54 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.07). The firm had revenue of $214.82 million during the quarter, compared to analyst estimates of $264.13 million. International Bancshares had a net margin of 38.83% and a return on equity of 12.67%.

About International Bancshares

International Bancshares Corporation is a bank holding company headquartered in Laredo, Texas, that provides a comprehensive range of financial products and services through its subsidiary, International Bank of Commerce. As one of the largest community banking organizations in the United States, the company serves retail, commercial, and corporate clients with a focus on relationship-driven banking.

The company’s offerings include deposit products, consumer and commercial loans, treasury management, mortgage lending, trust and wealth management, and insurance services.