| Business Summary | | International
Bancshares
Corporation
is
a
financial
holding
company
with
four
bank
subsidiaries:
International
Bank
of
Commerce
(IBC),
Commerce
Bank,
IBC
Zapata
and
IBC
Brownsville
(collectively,
the
Banks).
The
Banks
provide
commercial
and
retail
banking
services
through
over
100
main
banking
and
branch
facilities,
located
in
30
communities
in
south
and
southeast
Texas.
The
Banks
are
in
the
business
of
gathering
funds
from
various
sources
and
investing
these
funds
in
order
to
earn
a
return.
Funds
are
gathered
primarily
through
the
acceptance
of
demand
and
time
deposits
from
individuals,
partnerships,
corporations
and
public
entities.
Investments
principally
are
made
in
loans
to
various
individuals
and
entities,
as
well
as
in
debt
securities
of
the
United
States
Government
and
various
other
entities
whose
payments
are
guaranteed
by
the
United
States
Government. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | IBOC
is
a
bank
holding
company
whose
four
bank
subsidiaries
provide
services
through
over
100
branches
in
30
communities
in
South
and
Southeast
TX.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
5%
to
$211.5
million.
Net
interest
income
after
loan
loss
provision
rose
8%
to
$89
million.
Net
income
rose
3%
to
$41.5
million.
Results
reflect
higher
average
loan
and
investment
balances,
partially
offset
by
increased
compensation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Dennis Nixon, 57 Chairman,
Pres | $1.1M | -- | R. Guerra, 47 VP | 235K | $125K | Leonardo Salinas, 66 VP | 130K | -- | Imelda Navarro, 42 Treasurer | 108K | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|