8-K - IBOC - Equibles

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): March 16, 2020

INTERNATIONAL BANCSHARES CORPORATION

(Exact name of registrant as specified in its charter)


Texas	000-9439	74-2157138
(State or other jurisdiction	(Commission File	(IRS Employer
of incorporation)	Number)	Identification No.)


	1200 San Bernardo , Laredo , Texas		78040-1359
	(Address of principal executive offices)		(Zip Code)

Registrant's telephone number, including area code (956) 722-7611

None

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of Each Class:	****	Trading Symbol (s):	****	Name of each exchange on which registered:
Common Stock, $1.00 par value		IBOC		NASDAQ

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. ☐

Item 8.01 Other Events.

On March 17, 2020 International Bancshares Corporation (“IBC”) issued a news release announcing that on March 16, 2020, IBC’s Board of Directors approved the declaration of a fifty-five cents per share cash dividend for shareholders of record of IBC’s common stock, $1.00 par value, as of the close of business on April 1, 2020, payable on April 17, 2020.

The news release announcing the cash dividend attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.

All of the information furnished in Item 8.01 of this report and the accompanying exhibits is also intended to be included under “Item 7.01 — Regulation Fair Disclosure,” shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and 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.

99 News Release of International Bancshares Corporation dated March 17, 2020, entitled, “International Bancshares Corporation Announces Cash Dividend”

EXHIBIT INDEX

<br><br><br><br>
Exhibit Number		Description
99		News Release of International Bancshares Corporation dated March 17, 2020, entitled, “International Bancshares Corporation Announces Cash Dividend.”
104		The cover page from International Bancshares Corporation Current Report on Form 8-K, formatted in Inline XBRL

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.

	INTERNATIONAL BANCSHARES CORPORATION
	(Registrant)
	By:	/s/ Dennis E. Nixon
		Dennis E. Nixon, President and
		CEO
March 17, 2020

		iboc\_Ex\_99

EXHIBIT 99

FOR IMMEDIATE RELEASE

Contact:

| Judith Wawroski |

| --- | | Treasurer and Principal Financial Officer | | International Bancshares Corporation | | (956) 722-7611 (Laredo) |

INTERNATIONAL BANCSHARES CORPORATION

ANNOUNCES CASH DIVIDEND

LAREDO, TX, March 17, 2020 - International Bancshares Corporation (“IBC”) announced today that on March 16, 2020, IBC’s Board of Directors approved the declaration of a .55 cents per share cash dividend for shareholders of record of IBC’s common stock, $1.00 par value, as of the close of business on April 1, 2020, payable on April 17, 2020. “This cash dividend was made possible because of our Company’s strong earnings performance augmented by the Tax Cut and Jobs Act of 2017, and the Company’s very strong capital position,” said Dennis E. Nixon, President and CEO of IBC.

IBC (NASDAQ:IBOC - News) is a multi-bank financial holding company with approximately $12.1 billion in assets headquartered in Laredo, Texas, with 188 facilities and 284 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 future developments or events, expectations, plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties, including those 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 https://www.sec.gov/edgar.shtml or IBC’s website at https://www.ibc.com.