International Bancshares Corporation Announces $150 Million Stock Repurchase Program
March 12, 2025 – International Bancshares Corporation (NASDAQ: IBOC) has announced that its Board of Directors has approved a stock repurchase program authorizing the repurchase of up to $150 million of IBC common stock.
Key Details of the Repurchase Program:
Total Authorized Repurchase: Up to $150 million
Duration: The repurchase program will be effective from March 15, 2025, through March 15, 2026.
Purpose: The repurchase initiative aligns with IBC’s commitment to enhancing shareholder value and optimizing capital allocation.
Company Statement:
IBC reaffirmed its strong financial position and commitment to strategic capital management, ensuring long-term value creation for its investors.