International Bancshares (NASDAQ:IBOC) Announces Earnings Results

International Bancshares (NASDAQ:IBOC) announced its earnings results on Thursday. The bank reported $1.85 earnings per share (EPS) for the quarter, Zacks reports. International Bancshares had a return on equity of 15.62% and a net margin of 38.65%.

International Bancshares Stock Up 1.4 %

International Bancshares stock traded up $0.92 during trading hours on Thursday, reaching $66.33. The stock had a trading volume of 87,797 shares, compared to its average volume of 278,867. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 10.32 and a beta of 0.93. The business’s 50 day moving average price is $65.13 and its 200-day moving average price is $64.72. International Bancshares has a 52 week low of $50.77 and a 52 week high of $76.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.72 and a quick ratio of 0.72.

International Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.70 per share. The ex-dividend date is Friday, February 14th. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. This is an increase from International Bancshares’s previous quarterly dividend of $0.27. International Bancshares’s dividend payout ratio (DPR) is presently 21.77%.

International Bancshares Company Profile

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services in Texas and the State of Oklahoma. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans.