-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BIqPAj3+bGG+iBToVDG8RzmswnsoMjDlq1/rut6j/xRbOXdubOsj1SzoOmmS/6Ut 92dAU65gJnhivisT8D0MTQ== 0001104659-03-008602.txt : 20030508 0001104659-03-008602.hdr.sgml : 20030508 20030508144859 ACCESSION NUMBER: 0001104659-03-008602 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030507 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BANCSHARES CORP CENTRAL INDEX KEY: 0000315709 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 742157138 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-09439 FILM NUMBER: 03687925 BUSINESS ADDRESS: STREET 1: 12OO SAN BERNARDO AVE STREET 2: PO BOX 1359 CITY: LAREDO STATE: TX ZIP: 78040-1359 BUSINESS PHONE: 9567227611 MAIL ADDRESS: STREET 1: P O BOX 1359 STREET 2: 1200 SAN BERNARDO CITY: LAREDO STATE: TX ZIP: 78040 8-K/A 1 j0553_8ka.htm 8-K/A

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

 

FORM 8-K/A

(Amendment No. 1)

 

CURRENT REPORT

 

 

Pursuant to Section 13 or 15 (d) of

The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 7, 2003

 

INTERNATIONAL BANCSHARES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Commission File Number 0-9439

 

Texas

 

74-2157138

(State or other Jurisdiction
of incorporation or organization)

 

(I.R.S. Employer
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)

 

 

 

EXPLANATORY NOTE

 

This Form 8-K/A is being filed to amend in its entirety the Form 8-K filed by the Registrant on May 7, 2003.

 

Item 7.           Financial Statements and Exhibits

 

c.                                       Exhibits

 

The following exhibit is filed as part of this report:

 

(99)                          News release of International Bancshares Corporation dated May 7, 2003

 

Items 9 and 12. Regulation FD Disclosure and Disclosure of Results of Operations and Financial Condition

 

In accordance with General Instruction B.2. of Form 8-K, all of the information furnished in Items 9 and 12 of this report and the accompanying exhibits 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.

 

On May 7, 2003, International Bancshares Corporation issued a news release announcing first quarter 2003 earnings.  The news release, attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.  The information in this paragraph and Exhibit 99 is furnished under Item 9 both for purposes of Regulation FD and in place of Item 12 of Form 8-K in accordance with interim guidance provided by the Securities and Exchange Commission in Release No. 33-8216.

 

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
(Registrant)

 

 

 

 

 

By:

    /s/ DENNIS E. NIXON

 

 

 

    DENNIS E. NIXON, President,
    and Chief Executive Officer

 

 

 

 

Date: May 7, 2003

 

 

3

 

EXHIBIT INDEX

 

Exhibit
Number

 

Description

 

 

 

99

 

News Release of International Bancshares Corporation dated May 7, 2003

 

4

 EX-99 3 j0553_ex99.htm EX-99

EXHIBIT 99

 

Contact::

Rosanne Palacios

Judy Wawroski

 

Vice President of Marketing

Vice President

 

International Bancshares Corporation

International Bancshares Corporation

 

(956) 726-6636 (Laredo)

(956) 722-7611 (Laredo)

 

FOR IMMEDIATE RELEASE

 

IBC Announces Record First Quarter Earnings

 

LAREDO, Texas—(BUSINESS WIRE)—May 7, 2003—International Bancshares Corporation (NASDAQ:IBOC) today reported earnings for the first quarter of 2003 of $31.3 million or $1.01 per share - basic ($.99 per share - - diluted) compared to $17.4 million or $.53 per share - basic ($.53 per share - diluted) in the corresponding 2002 period. The first quarter earnings represent an 86.8% increase in diluted earnings per share and a 79.7% increase in net income over the corresponding period of 2002.  The increase in net income can be partially attributed to an impairment charge taken by the Company on its investment services unit in the first quarter of 2002 due to the adoption of Statement of Financial Accounting Standards Board No. 142, “Goodwill and Other Intangible Assets.”  The impairment charge totaled $5.1 million, net of tax, and is reported as a cumulative effect of a change in accounting principle.  Also reflected in the first quarter of 2002 is the Company’s share of losses in the amount of $3.7 million, net of tax, recorded by the Aircraft Finance Trust, in which the Company holds a 20% interest.

 

“I’m extremely pleased with our strong first quarter earnings results,” Nixon said.  “This success, coupled with the Board of Directors’ confidence in the Company’s continued success throughout the year, resulted in a forty-three cents per share cash dividend payment to the shareholders on April 15th, an increase of 34.4% from the cash dividend paid on April 15, 2002, as well as a 25% stock dividend that was approved on April 9th and will be paid on June 16th, to all holders of record as of May 19, 2003.”

 

Total assets at March 31, 2003 were $6.4 billion compared to $6.5 billion at December 31, 2002.  Total loans at March 31, 2003, were $2.7 billion compared to $2.8 billion at December 31, 2002.  Deposits at March 31, 2003, were $4.3 billion compared to $4.2 billion at December 31, 2002.

 

IBC is a $6.4 billion multi-bank financial holding company headquartered in Laredo, Texas, with over 100 facilities and over 200 ATMs serving 34 communities including Houston, San Antonio, Corpus Christi, McAllen, Brownsville, Port Lavaca, Zapata, Eagle Pass and several others in the central, southern and Gulf Coast regions of Texas.

 

“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 plans, projections or future performance of IBC and its subsidiaries, the occurrence of which involve certain risks and uncertainties 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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