International Bancshares (NASDAQ:IBOC) Releases Earnings Results

International Bancshares (NASDAQ:IBOC) issued its earnings results on Thursday. The bank reported $1.85 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 1.6 %

Shares of NASDAQ IBOC opened at $67.00 on Friday. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 10.42 and a beta of 0.93. The company’s 50-day simple moving average is $65.25 and its 200-day simple moving average is $64.80. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.04. International Bancshares has a 52-week low of $50.77 and a 52-week high of $76.91.

International Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.70 per share. This is a boost from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 annualized dividend and a yield of 4.18%. The ex-dividend date was 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.