International Bancshares (NASDAQ:IBOC) Issues Quarterly 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 net margin of 38.65% and a return on equity of 15.62%.

International Bancshares Stock Up 1.4 %

Shares of International Bancshares stock traded up $0.92 during trading on Thursday, hitting $66.33. 87,797 shares of the stock traded hands, compared to its average volume of 278,867. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $65.13 and its 200 day simple moving average is $64.72. The firm has a market cap of $4.13 billion, a P/E ratio of 10.32 and a beta of 0.93. International Bancshares has a 52-week low of $50.77 and a 52-week high of $76.91.

International Bancshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Friday, February 14th. This is a positive change from International Bancshares’s previous quarterly dividend of $0.27. This represents a $2.80 dividend on an annualized basis and a yield of 4.22%. International Bancshares’s payout ratio is 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.