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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 3, 2024
INTERNATIONAL BANCSHARES CORPORATION
(Exact name of registrant as specified in its charter)
Texas |
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000-9439 |
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74-2157138 |
(State or other jurisdiction |
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(Commission File |
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(IRS Employer |
of incorporation) |
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Number) |
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Identification No.) |
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1200 San Bernardo, Laredo, Texas |
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78040-1359 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant's telephone number, including area code (956) 722-7611
None
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4 (c ) under the Exchange Act (17 CFR 240.13e-4 (c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Title of Each Class: |
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Trading Symbol (s): |
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Name of each exchange on which registered: |
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Common Stock, $1.00 par value |
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IBOC |
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The Nasdaq Stock Market |
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Item 8.01 Other Events.
On April 3, 2024, International Bancshares Corporation issued a news release announcing a number one ranking on the S&P Global Intelligence’s best-performing U.S. Public Banks for 2023. The news release, attached hereto and filed herewith as Exhibit 99, is incorporated by reference.
All of the information furnished in Item 2.02 of this report, including the accompanying exhibits, is also intended to be included under “Item 7.01 – Regulation Fair Disclosure” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99 - The following exhibit is being furnished with this Current Report on Form 8-K.
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EXHIBIT INDEX
Exhibit Number |
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Description |
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99 |
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News Release of International Bancshares Corporation dated April 3, 2024 |
104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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INTERNATIONAL BANCSHARES CORPORATION |
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By: |
/s/ Dennis E. Nixon |
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DENNIS E. NIXON, President |
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and Chief Executive Officer |
Date: April 3, 2024
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EXHIBIT 99
Contact: |
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Judith Wawroski, Treasurer and Principal Financial Officer |
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International Bancshares Corporation |
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(956) 722-7611 |
FOR IMMEDIATE RELEASE:
INTERNATIONAL BANCSHARES CORPORATION RANKED #1 BY S&P GLOBAL MARKET INTELLIGENCE’S TOP 50 PUBLIC BANKS FOR 2023
LAREDO, TEXAS – (BUSINESS WIRE) – April 3, 2024 - International Bancshares Corporation (IBC) (NASDAQ:IBOC) is proud to announce that it ranked #1 among S&P Global Market Intelligence's best-performing U.S. Public Banks for 2023. The rankings assessed the financial performance of operating U.S. public banks with total assets exceeding $10 billion as of December 31, 2023.
S&P Global Market Intelligence launched the rankings in 2011 to evaluate the performance of community banks and credit unions. Institutions are assessed based on factors such as returns, growth and efficiency, with a focus on the strength and risk profile of their balance sheets. S&P Global Market Intelligence is provider of information services and solutions to global markets.
IBC was recognized for its strong financial performance and risk management approach, critical components of S&P Global Market Intelligence's criteria.
“We are thrilled to receive this recognition from S&P Global Market Intelligence,” said Dennis E. Nixon, president and CEO of IBC.” Our teams throughout Texas and Oklahoma work tirelessly to provide our customers with exceptional service and innovative financial solutions. Our executive management team and board of directors have remained focused on continuing to execute on long-standing practices of balance sheet, asset liability and liquidity management, as well as cost controls. This recognition reflects the hard work and dedication of everyone at IBC and our focus on ‘Doing More’ for our customers, employees and shareholders.”
The rankings can be a valuable tool for consumers looking to make informed decisions about where to bank. IBC is proud to have been named among the top-performing public banks in the United States and looks forward to continuing to provide excellent service to its customers.
IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 165 facilities and 256 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.