International Bancshares Corporation Announces Extension of Stock Repurchase Program
2018年4月28日 - 3:46AM
ビジネスワイヤ(英語)
International Bancshares Corporation (“IBC”) today, announced
that on March 15, 2018, IBC’s Board of Directors approved
the extension of its stock repurchase program. Since April 9,
2009, in March or April of each year, the Board has
authorized the repurchase of up to $40 million of common stock
within the next twelve months beginning on April 9 of that
year. On March 15, 2018, the Board again authorized the repurchase
of up to $40 million of its common stock during the twelve month
period commencing on April 9, 2018. Since April 9, 2009
until the present, IBC has repurchased approximately $58.1
million of common stock, representing approximately 3,037,926
shares of common stock. IBC currently has invested approximately
$292.3 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 over $12 billion in total
assets and 192 facilities and 291 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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version on businesswire.com: https://www.businesswire.com/news/home/20180427005820/en/
International Bancshares CorporationJudy Wawroski, 956-722-7611
(Laredo)Executive Vice President
International Bancshares (NASDAQ:IBOC)
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