International Bancshares Corporation (IBC) has announced that it secured the top spot among S&P Global Market Intelligence's best-performing U.S. Public Banks for 2023. This recognition comes as a result of the company's strong financial performance and risk management approach. IBC's total assets exceeded $10 billion as of December 31, 2023.
In 2023, IBC demonstrated its commitment to providing exceptional service and innovative financial solutions, which led to this prestigious ranking. The company's focus on balance sheet, asset liability, and liquidity management, as well as cost controls, has contributed to its success.
Additionally, IBC operates 165 facilities and 256 ATMs, serving 75 communities in Texas and Oklahoma. This extensive network reflects the company's dedication to providing excellent service to its customers.
S&P Global Market Intelligence's rankings are designed to evaluate the performance of U.S. public banks based on factors such as returns, growth, and efficiency, with a focus on the strength and risk profile of their balance sheets. IBC's achievement as the top-performing public bank in the United States demonstrates its commitment to its customers, employees, and shareholders.
The company's success serves as a valuable tool for consumers looking to make informed decisions about where to bank, and it reinforces IBC's position as a leading financial institution. Today the company's shares have moved -0.3% to a price of $54.39. Check out the company's full 8-K submission here.
