A Director at International Bancshares (NASDAQ: IBOC) is Buying Shares

By Carrie Williams

Today, a Director at International Bancshares (IBOCResearch Report), RESENDEZ ROBERTO, bought shares of IBOC for $72.85K.

Following this transaction RESENDEZ ROBERTO R’s holding in the company was increased by 4.54% to a total of $1.74 million.

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Based on International Bancshares’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $160 million and quarterly net profit of $51.91 million. In comparison, last year the company earned revenue of $150 million and had a net profit of $53.42 million. IBOC’s market cap is $2.43B and the company has a P/E ratio of 11.45. Currently, International Bancshares has an average volume of 41.81K.

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International Bancshares Corp. is a financial holding company, which provides banking services for commercial, consumer, and international customers of South, Central, and Southeast Texas and the State of Oklahoma. It engages in the business of banking, including the acceptance of checking and savings deposits and the making of commercial, real estate, personal, home improvement, automobile and other installment and term loans. It also offers other related services, such as credit cards, travelers’ checks, safety deposit, collection, notary public, escrow, drive-up and walk-up facilities and other customary banking services. The company was founded in 1979 and is headquartered in Laredo, TX.