International Bancshares (NASDAQ:IBOC) Announces Quarterly Earnings Results

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

International Bancshares Trading Up 1.6 %

Shares of IBOC traded up $1.04 during midday trading on Friday, hitting $67.00. 75,545 shares of the stock were exchanged, compared to its average volume of 277,254. International Bancshares has a 52-week low of $50.77 and a 52-week high of $76.91. The stock has a fifty day simple moving average of $65.19 and a 200 day simple moving average of $64.73. The firm has a market cap of $4.17 billion, a P/E ratio of 10.41 and a beta of 0.93. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.72 and a current ratio of 0.72.

International Bancshares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.70 per share. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, February 14th. International Bancshares’s dividend payout ratio (DPR) is currently 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.