International Bancshares (IBOC) Proxy Filing summary

Executive summary

• Annual Shareholders' Meeting scheduled for May 19, 2025, at the IBC Annex Building in Laredo, Texas.

• 2024 net income was $409.2 million, slightly below 2023's $411.8 million, with total assets rising to $15.74 billion.

• Focus on cost controls and revenue performance enabled strong earnings despite economic challenges and interest rate changes.

• Management continues to prioritize balance sheet management and interest rate risk to sustain high performance.

• Dividend increased by 6.06% to $0.70 per share, paid on February 28, 2025.

Voting matters and shareholder proposals

• Shareholders will vote on the election of directors and other issues presented at the annual meeting.

• Proxy cards provided for voting, with encouragement to vote prior to the meeting to ensure quorum.

Board of directors and corporate governance

• Board approved the increased dividend and continues to oversee operational efficiency and risk management.

• Emphasis on protecting shareholder investments and maintaining core values.