Trade International Bancshares Corp - IBOC CFD

International Bancshares Company profile

About International Bancshares Corp

International Bancshares Corporation is a financial holding company, which provides a diversified range of commercial and retail banking services in its main banking and branch facilities located in north, south, central and southeast Texas and the State of Oklahoma. The Company, through its Subsidiary Banks is engaged in the business of accepting checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. Its international banking business includes providing letters of credit, making commercial and industrial loans and providing foreign exchange services. The Company's Subsidiary Banks include International Bank of Commerce (IBC); Commerce Bank (Commerce Bank); International Bank of Commerce, located in Brownsville, Texas (IBC Brownsville); International Bank of Commerce, located in Zapata, Texas (IBC Zapata); and International Bank of Commerce, located in Oklahoma City, Oklahoma (IBC-Oklahoma).

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, International Bancshares Corp interest income decreased 7% to $398.1M. Net interest income after loan loss provision increased 6% to $363.3M. Net income increased 52% to $253.9M. Net interest income after loan loss provision reflects increase in interest earning assets and decrease in interest bearing liabilities. Net income benefited from Other investments.

Equity composition

Common Stock $1 Par, 3/11, 275M auth., 95,717,761 issd., less 28,016,059 shs. in Treas. @ $250.4M. Insiders own 24.40%. 6/05, 6/04, 6/03, 6/00, 6/99,6/98, 5-for-4 stock splits; 6/02, 6/01, 5/97, 5/96, 5/95,5/94, 5/93 25% stock dividends; 5/92, 20% stock dividend.05/07, 10% stock dividend.