8-K

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 28, 2012

INTERNATIONAL BANCSHARES CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Texas	000-09439	74-2157138
(State or other Jurisdiction	(Commission File Number)	(I.R.S. Employer
of incorporation or organization)		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);

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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

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

oPre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 250.13e-4 (c))

Item 8.01 Other Events

On November 28, 2012, International Bancshares Corporation (“IBC”) issued a news release announcing the completion of its repurchase of all of the remaining $131 million of the $216 million of Fixed Rate Cumulative Perpetual Preferred Stock, Series A that it issued to the U.S. Department of the Treasury as part of the U.S. Treasury’s Capital Purchase Program on December 23, 2008.

The news release announcing the repurchase, attached hereto and filed herewith as Exhibit 99, is incorporated herein by reference.

All of the information furnished in Item 8.01 of this report and the accompanying exhibit are also intended to be included under “Item 7.01 — Regulation Fair Disclosure” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, are 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.

99 News Release of International Bancshares Corporation dated November 28, 2012 entitled, “International Bancshares Corporation Announces Completion of Repurchase of All Remaining TARP Preferred Stock”

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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
		Chairman of the Board
November 28, 2012

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EXHIBIT INDEX

Exhibit Number	Description	Page Number
99	News Release of International Bancshares Corporation dated November 28, 2012 entitled, “International Bancshares Corporation Announces Completion of Repurchase of All Remaining TARP Preferred Stock”	4

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EX-99

EXHIBIT 99

FOR IMMEDIATE RELEASE

Contact:

Judy Wawroski

First Vice President

International Bancshares Corporation

(956) 722-7611 (Laredo)

INTERNATIONAL BANCSHARES CORPORATION ANNOUNCES

COMPLETION OF REPURCHASE OF ALL REMAINING TARP PREFERRED STOCK

LAREDO, TX,  November 28, 2012 - International Bancshares Corporation (“IBC”), today announced that it has completed the repurchase of all of the remaining 131,000 shares of the preferred stock it issued to the U.S. Department of the Treasury under the Troubled Asset Relief Program Capital Purchase Program on December 23, 2008. IBC paid the U.S. Treasury a total of $131 million of the $216 million it received under the Capital Purchase Program, plus an accrued dividend of $236,527.78.

“We are pleased to make this final repurchase of the TARP preferred stock while still retaining our strong capital position and without issuing any common stock or incurring any Company debt,” said Dennis E. Nixon, Chairman and President of IBC.

Our pro forma capital ratios following the repurchase of $131 million of the TARP preferred stock continue to significantly exceed the regulatory standards for the Company and each of its subsidiary banks to be categorized as well-capitalized.  The following table outlines the Company’s reported capital ratios at September 30, 2012 and as adjusted to reflect the final repurchase of the preferred stock:

	As of September 30, 2012
	Actual		As Adjusted for Series A Preferred Repurchase
Total Capital to Risk Weighted Assets	22.93	%	20.22	%
Tier 1 Capital to Risk Weighted Assets	21.77	%	19.05	%
Tier 1 Capital to Average Assets	12.79	%	11.19	%

The Company has paid a total of $41,520,139 in preferred stock dividends to the U.S. Treasury since December of 2008, when the Company received the funds under the Capital Purchase Program, including the $236,527.78 dividend payment today.

IBC (NASDAQ:IBOC - News) is an $12.1 billion multi-bank financial holding company headquartered in Laredo, Texas, with 215 facilities and over 335 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 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 or IBC’s website at http://www.ibc.com.