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International Bancshares Corporation (IBC) (NASDAQ:IBOC) is proud to announce that it ranked #1 among S&P Global Market Intelligence's best-performing U.S. Public Banks for 2023. The rankings assessed the financial performance of operating U.S. public banks with total assets exceeding $10 billion as of Dec. 31, 2023. S&P Global Market Intelligence launched the rankings in 2011 to evaluate the performance of community banks and credit unions. Institutions are assessed based on factors such as returns, growth and efficiency, with a focus on the strength and risk profile of their balance sheets. S&P Global Market Intelligence is a provider of information services and solutions to global markets. IBC was recognized for its strong financial performance and risk management approach, critical components of S&P Global Market Intelligence's criteria. "We are thrilled to receive this recognition from S&P Global Market Intelligence," said Dennis E. Nixon, president and CEO of IBC. "Our teams throughout Texas and Oklahoma work tirelessly to provide our customers with exceptional service and innovative financial solutions. Our executive management team and board of directors have remained focused on continuing to execute on long-standing practices of balance sheet, asset liability and liquidity management, as well as cost controls. This recognition reflects the hard work and dedication of everyone at IBC and our focus on ‘Doing More' for our customers, employees and shareholders."
International Bancshares Corporation Ranked Third on Forbes' America's Best Bank List International Bancshares Corporation (IBC)(NASDAQ: IBOC) has once again been ranked among the nation's best banks by Forbes Magazine. The Laredo-based multibank financial holding company ranked 3rd on the 15th annual prestigious list of Best Banks in America. The top two hundred largest publicly traded banks and thrifts by asset size were eligible for the list; however, only the top one hundred were ranked after Forbes' analysis of ten equally weighted financial metrics that measure factors such as asset quality, capital adequacy, growth and profitability, efficiency and stock performance. "Our ranking third on the Forbes' America's Best Banks list for 2023 is a wonderful honor and one that makes me incredibly proud of our IBC team. Every team member, from the employees working at a branch to the employees working on our corporate team, has a hand in this recognition. Our board of directors and executive management team sets the vision for our company, but it is up to all team members to execute that vision in a consistent manner. We remain focused on continuing to execute on long-standing practices of balance sheet, asset liability, and liquidity management, as well as cost controls," said Dennis E. Nixon, president and CEO.
