International Bancshares Makes Forbes’ America’s Best Banks List
24 Mai 2023 - 7:41PM
Business Wire
International Bancshares Corporation (IBC)(NASDAQ: IBOC) has
once again been ranked among the nation’s best banks by Forbes
Magazine.
The Laredo-based multibank financial holding company ranked 32nd
on the 14th annual prestigious list Best Banks in America, which
ranked the 100 largest publicly traded banks and thrifts from best
to worst. The ranking was based on factors such as asset quality,
capital adequacy, growth and profitability, including IBC’s
approximately $16 billion in assets, a 13.3% return on average
total common equity and a 44% efficiency ratio. IBC’s lead bank
subsidiary, International Bank of Commerce, Laredo (IBC Bank), has
also consistently been named as one of the nation’s top banks by
Forbes, as well as the number one bank in Texas in 2021 in the
annual Best-In-State list by the same publication.
“Our inclusion on the Best Banks in America list comes as
another wonderful recognition,” said Dennis E. Nixon, president and
CEO. “We work hard for our customer’s trust, and it’s humbling to
be recognized by industry experts. Our top priority is the
relationship we have with our clients and doing everything we can
to protect their most valuable assets. ‘Doing More’ is the
foundation of everything we do.”
The annual “Best Banks” list is developed by Forbes based on
data compiled by SNL Financial of Charlottesville, Virginia. This
year’s rankings evaluated factors including nonperforming assets as
a percent of assets, reserves as a percent of non-performing loans,
two capital ratios (Tier 1 and risk-based) and revenue growth over
the last 12 months. All the data used in the evaluation is based on
regulatory filings for the period ending September 30, 2022.
IBC is a multi-bank financial holding company headquartered in
Laredo, Texas, with 167 facilities and 257 ATMs serving 75
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.
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Judith I. Wawroski Treasurer and Principal Financial Officer
International Bancshares Corporation (956) 722-7611
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