Revenue Update on International Bancshares Corp(NASDAQ:IBOC)

International Bancshares Corp(NASDAQ:IBOC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Intraday on Aug 5, 2016. Earnings per share were $0.45.

International Bancshares Corp (IBOC) shares turned negative on Wednesdays trading session with the shares closing down -0.02 points or -0.07% at a volume of 86,020. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $28.79. The peak price level was also seen at $28.79 while the days lowest was $28.18. Finally the shares closed at $28.56. The 52-week high of the shares is $31 while the 52-week low is $21.05. According to the latest information available, the market cap of the company is $1,883 M.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Anda Javier De (director) purchased 2,500 shares at $25.15 per share price.Also, On Dec 10, 2015, R David Guerra (director) sold 4,763 shares at $27.02 per share price.On Dec 9, 2015, Antonio R Jr Sanchez (director 10% owner) sold 100,000 shares at $27.97 per share price, according to the Form-4 filing with the securities and exchange commission.

International Bancshares Corporation is a financial holding company. The Company through its subsidiaries is primarily engaged 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. The primary markets of the Company are South Central and Southeast Texas and the state of Oklahoma. Its banking subsidiaries facilitate international trade along the United States border with Mexico and elsewhere. The bank subsidiaries primarily focus on providing commercial banking services to small and medium sized businesses located in their trade areas. Its insurance-related subsidiary is in the business of reinsuring credit life and credit accident and health insurance.

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