International Bancshares Corporation Announces Completion of Repurchase of $40 Million of TARP Preferred Stock
2012年7月12日 - 1:37AM
ビジネスワイヤ(英語)
International Bancshares Corporation (“IBC”), today announced
that it has completed the repurchase of 40,000 shares of the
preferred stock it issued to the U.S. Department of the Treasury
under the Troubled Asset Relief Program Capital Purchase Program on
December 23, 2008. IBC paid the U.S. Treasury a total of $40
million of the $216 million it received under the Capital Purchase
Program, plus an accrued dividend of $311,111.
“We are pleased to make this partial repurchase of the TARP
preferred stock while still retaining our strong capital position
and without issuing any common stock or incurring any Company debt.
The Company intends to repurchase the remaining TARP preferred
stock by no later than June 30, 2013; however, the speed with which
the Company retires the remaining shares of the preferred stock
will depend upon the Board’s view of the present and expected
economic conditions,” said Dennis E. Nixon, Chairman and President
of IBC.
Our pro forma capital ratios following the repurchase of $40
million of the TARP preferred stock continue to significantly
exceed the regulatory standards for the Company and each of its
subsidiary banks to be categorized as well-capitalized. The
following table outlines the Company’s reported capital ratios at
March 31, 2012 and as adjusted to reflect the partial repurchase of
the preferred stock:
As of March 31, 2012
Actual
As Adjustedfor Series
APreferredRepurchase
Total Capital to Risk Weighted Assets 24.33% 23.66% Tier 1
Capital to Risk Weighted Assets 23.08% 22.41% Tier 1 Capital to
Average Assets 12.62% 12.25%
The Company has paid a total of $36,971,111 in preferred stock
dividends to the U.S. Treasury since December of 2008, when the
Company received the funds under the Capital Purchase Program.
IBC (NASDAQ:IBOC) is an $11.9 billion multi-bank financial
holding company headquartered in Laredo, Texas, with 217 facilities
and over 378 ATMs serving 88 communities in Texas and Oklahoma.
“Safe Harbor” statement under the Private Securities Litigation
Reform Act of 1995: The statements contained in this release which
are not historical facts contain forward-looking information with
respect to plans, projections or future performance of IBC and its
subsidiaries, the occurrence of which involve certain risks and
uncertainties detailed in IBC’s filings with the Securities and
Exchange Commission.
Copies of IBC’s SEC filings and Annual Report (as an exhibit to
the 10-K) may be downloaded from the SEC filings site located at
http://www.sec.gov/edgar.shtml or IBC’s website at
http://www.ibc.com.
International Bancshares (NASDAQ:IBOC)
過去 株価チャート
から 6 2024 まで 7 2024
International Bancshares (NASDAQ:IBOC)
過去 株価チャート
から 7 2023 まで 7 2024