International Bancshares Corporation Announces Cash Dividend and Extension of Stock Repurchase Program
2013年3月5日 - 3:41AM
ビジネスワイヤ(英語)
International Bancshares Corporation (“IBC”) today announced
that on February 28, 2013, IBC’s Board of Directors approved the
declaration of a 20 cents per share cash dividend for
shareholders of record as of the close of business on April 1,
2013, payable on April 19, 2013. “This cash dividend was made
possible because of IBC’s continued strong performance during these
challenging economic times,” said Dennis E. Nixon, Chairman and
President of IBC.
It is the inclination of the Board to continue to declare
semiannual cash dividends. However, any declaration of future cash
dividends will depend upon IBC’s financial position, strategic
plans, and general business conditions at the time.
On the same day, IBC announced the extension of its stock
repurchase program. On each of April 9, 2009, March 9, 2010, March
10, 2011 and March 22, 2012, the Board authorized the repurchase of
up to $40 million of common stock within the next twelve months. On
February 28, 2013, the Board again authorized the repurchase of up
to $40 million of its common stock during the twelve month period
commencing on April 9, 2013, which repurchase cap the Board is
inclined to increase over time. Since April 9, 2009 until the
present, IBC has repurchased approximately $23.8 million of common
stock, representing approximately 1,599,561 shares of common stock.
IBC currently has invested approximately $257.9 million in treasury
shares, which amount has been accumulated since IBC’s inception.
Stock repurchases may be made from time to time, on the open market
or through private transactions. Shares repurchased in this program
will be held in treasury for reissue for various corporate
purposes, including employee stock option plans.
IBC (NASDAQ:IBOC) is a multi-bank financial holding company
headquartered in Laredo, Texas, with 215 facilities and over 339
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.
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