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Form 8-K INTERNATIONAL BANCSHARES For: Nov 10

November 10, 2014 10:50 AM EST

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): November�10, 2014

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)

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):

o����������� Written communications pursuant to Rule�425 under the Securities Act (17 CFR 230.425)

o����������� Soliciting material pursuant to Rule�14a-12 under the Exchange Act (17 CFR 240.14a-12)

o����������� Pre-commencement communications pursuant to Rule�14d-2(b)�under the Exchange Act (17 CFR 240.14d-2(b))

o����������� Pre-commencement communications pursuant to Rule�13e-4 (c )� under the Exchange Act (17 CFR 240.13e-4 (c))



Item 2.02 Results of Operations and Financial Condition.

On November�10, 2014,�International Bancshares Corporation issued a news release announcing third quarter and year to date Septemer 30, 2014 earnings.� The news release, attached hereto and filed herewith as Exhibit�99, is incorporated herein 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 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

(d)�� Exhibits:

99 � News Release of International Bancshares Corporation dated November�10, 2014.

2



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

By:

/s/ Dennis E. Nixon

DENNIS E. NIXON, President

and Chief Executive Officer

Date: November�10, 2014

3



EXHIBIT�INDEX

99

News Release of International Bancshares Corporation dated November�10, 2014.

4


EXHIBIT�99

Contact:

Judith Wawroski

International Bancshares Corporation

(956) 722-7611

FOR IMMEDIATE RELEASE:

IBC Reports Strong Third Quarter 2014 Earnings

LAREDO, Texas�(BUSINESS WIRE)�November�10, 2014�International Bancshares Corporation (NASDAQ: IBOC), one of the largest independent bank holding companies in Texas, today reported net income available to common shareholders for the three months ended September�30, 2014 of $33.2 million, or $.50 diluted earnings per common share and $.50 basic earnings per common share, compared to $31.8 million or $.47 diluted earnings per common share and $.47 basic earnings per common share for the same period in 2013, representing an increase of 4.4 percent in net income available to common shareholders and an increase of 6.4 percent in diluted earnings per common share. Net income available to common shareholders for the nine months ended September�30, 2014 was $114.6 million, or $1.71 diluted earnings per common share and $1.71 basic earnings per common share, compared to $87.4 million or $1.30 diluted earnings per common share and $1.30 basic earnings per common share for the same period of 2013, representing an increase of 31.1 percent in net income available to common shareholders and an increase of 31.5 percent diluted earnings per common share.

Net income for the three and nine months ended September�30, 2014 was positively impacted by an increase in the Company�s net interest margin, as well as a 51.4% decrease in the provision for probable loan losses for the nine months ended September�30, 2014.� The increase in the net interest margin can be primarily attributed to increased levels of interest income arising from the repositioning of the investment portfolio the Company undertook in 2013, an increase in loans outstanding, and a decrease in interest expense on securities sold under repurchase agreements arising from the early termination of some of the long-term repurchase agreements by the lead bank subsidiary.

�I�m pleased with the Company�s earnings for the quarter and nine months ended September�30, 2014.� The earnings in 2014 continue to reflect the Company�s commitment to superior earnings, especially in light of the continued regulatory challenges facing the industry, as well as the still unsettled economic environment in the U.S.� The Company continues to maintain strong liquidity, focused expense control, sound credit underwriting standards and a healthy investment strategy.� We are confident in the strength of our balance sheet and our strong capital position,� said Dennis E. Nixon, President and CEO.

Total assets were $12.1 billion at both September�30, 2014 and December�31, 2013.� Net loans were $5.6 billion at September�30, 2014 compared to $5.1 billion at December�31, 2013. Deposits were $8.4 billion at September�30, 2014 and $8.2 billion at December�31, 2013.

IBC is a multi-bank financial holding company headquartered in Laredo, Texas, with 217 facilities and more than 320 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 http://www.sec.gov/edgar.shtml




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