SEC Form SC 13G/A filed by International Bancshares Corporation (Amendment)

$IBOC
Major Banks
Finance
Get the next $IBOC alert in real time by email
SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1 )*

            

International Bancshares Corporation


(Name of Issuer)

Common Stock


(Title of Class of Securities)

459044103


(CUSIP Number)

December 29, 2023


(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.)


CUSIP No. 459044103

1. NAMES OF REPORTING PERSONS

Wellington Management Group LLP
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Massachusetts

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER 0
6. SHARED VOTING POWER 1,733,114
7. SOLE DISPOSITIVE POWER 0
8. SHARED DISPOSITIVE POWER 1,785,537
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,785,537
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.88%
12. TYPE OF REPORTING PERSON

HC


CUSIP No. 459044103

1. NAMES OF REPORTING PERSONS

Wellington Group Holdings LLP
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER 0
6. SHARED VOTING POWER 1,733,114
7. SOLE DISPOSITIVE POWER 0
8. SHARED DISPOSITIVE POWER 1,785,537
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,785,537
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.88%
12. TYPE OF REPORTING PERSON

HC


CUSIP No. 459044103

1. NAMES OF REPORTING PERSONS

Wellington Investment Advisors Holdings LLP
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) [ ]
(b) [ ]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5. SOLE VOTING POWER 0
6. SHARED VOTING POWER 1,733,114
7. SOLE DISPOSITIVE POWER 0
8. SHARED DISPOSITIVE POWER 1,785,537
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

1,785,537
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

2.88%
12. TYPE OF REPORTING PERSON

HC

Item 1.
(a) Name of Issuer
International Bancshares Corporation
(b) Address of Issuer's Principal Executive Offices
1200 San Bernardo
Laredo, TX 78040
Item 2.
(a) Name of Person Filing
Wellington Management Group LLP
Wellington Group Holdings LLP
Wellington Investment Advisors Holdings LLP
(b) Address of Principal Business Office or, if None, Residence
c/o Wellington Management Company LLP
280 Congress Street
Boston, MA 02210
(c) Citizenship
Wellington Management Group LLP - Massachusetts
Wellington Group Holdings LLP - Delaware
Wellington Investment Advisors Holdings LLP - Delaware
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
459044103
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
(b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
(d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F);
(g) [X] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box [ ]
Item 4. Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount Beneficially Owned:
See the responses to Item 9 on the attached cover pages.
(b) Percent of Class:
See the responses to Item 11 on the attached cover pages.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote 0
(ii) shared power to vote or to direct the vote See the responses to Item 6 on the attached cover pages.
(iii) sole power to dispose or to direct the disposition of 0
(iv) shared power to dispose or to direct the disposition of See the responses to Item 8 on the attached cover pages.
Item 5. Ownership of Five Percent or Less of Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [X]
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
The securities as to which this Schedule is filed are owned of record by clients of one or more investment advisers identified in Exhibit A directly or indirectly owned by Wellington Management Group LLP. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities, except as follows:

Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

See attached Exhibit A.
Item 8. Identification and Classification of Members of the Group.

Not Applicable.
Item 9. Notice of Dissolution of Group.

Not Applicable.
Item 10. Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

By: Wellington Management Group LLP
By: /s/ Taisia Lowe
Name: Taisia Lowe
Title: Regulatory Analyst
Date: February 14, 2024

By: Wellington Group Holdings LLP
By: /s/ Taisia Lowe
Name: Taisia Lowe
Title: Regulatory Analyst
Date: February 14, 2024

By: Wellington Investment Advisors Holdings LLP
By: /s/ Taisia Lowe
Name: Taisia Lowe
Title: Regulatory Analyst
Date: February 14, 2024


Exhibit A

Pursuant to the instructions in Item 7 of Schedule 13G, the following lists the identity and Item 3 classification of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G.

Wellington Group Holdings LLP – HC
Wellington Investment Advisors LLP – HC
Wellington Management Global Holdings, Ltd. - HC

One or more of the following investment advisers (the “Wellington Investment Advisers”):

Wellington Management Company LLP – IA
Wellington Management Canada LLC – IA
Wellington Management Singapore Pte Ltd – IA
Wellington Management Hong Kong Ltd – IA
Wellington Management International Ltd – IA
Wellington Management Japan Pte Ltd – IA
Wellington Management Australia Pty Ltd - IA

The securities as to which this Schedule is filed by Wellington Management Group LLP, as parent holding company of certain holding companies and the Wellington Investment Advisers, are owned of record by clients of the Wellington Investment Advisers. Wellington Investment Advisors Holdings LLP controls directly, or indirectly through Wellington Management Global Holdings, Ltd., the Wellington Investment Advisers. Wellington Investment Advisors Holdings LLP is owned by Wellington Group Holdings LLP. Wellington Group Holdings LLP is owned by Wellington Management Group LLP.


EXHIBIT B

JOINT FILING AGREEMENT

The undersigned hereby agree that this Schedule 13G (the “Schedule 13G”) with respect to the common stock of International Bancshares Corporation is, and any additional amendment thereto signed by each of the undersigned shall be, filed on behalf of each undersigned pursuant to and in accordance with the provisions of 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to the Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate. It is understood and agreed that the joint filing of the Schedule 13G shall not be construed as an admission that the persons named herein constitute a group for purposes of Regulation 13D-G of the Securities Exchange Act of 1934, nor is a joint venture for purposes of the Investment Company Act of 1940.


By: Wellington Management Group LLP
By: /s/ Taisia Lowe
Name: Taisia Lowe
Title: Regulatory Analyst
Date: February 14, 2024

By: Wellington Group Holdings LLP
By: /s/ Taisia Lowe
Name: Taisia Lowe
Title: Regulatory Analyst
Date: February 14, 2024

By: Wellington Investment Advisors Holdings LLP
By: /s/ Taisia Lowe
Name: Taisia Lowe
Title: Regulatory Analyst
Date: February 14, 2024

Get the next $IBOC alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$IBOC

DatePrice TargetRatingAnalyst
More analyst ratings

$IBOC
Press Releases

Fastest customizable press release news feed in the world

See more
  • IBC Reports Strong Earnings in 2024

    International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported annual net income for 2024 of approximately $409.2 million or $6.57 diluted earnings per common share ($6.58 per share basic) compared to approximately $411.8 million or $6.62 diluted earnings per common share ($6.63 per share basic), which represents a decrease of approximately 0.8% in diluted earnings per share and 0.6% decrease in net income over the corresponding period in 2023. Net income for the three months ended Dec. 31, 2024 was approximately $115.1 million or $1.85 diluted earnings per common share ($1.85 per share basic), compared to approximately $10

    $IBOC
    Major Banks
    Finance
  • International Bancshares Corporation Announces Six Percent Increase in Cash Dividend

    International Bancshares Corporation (NASDAQ:IBOC) announced today that on Jan. 31, 2025, IBC's Board of Directors approved the declaration of a .70 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 14, 2025, payable on Feb. 28, 2025. This is an increase of 6% per share from the previous cash dividend. "This discretionary cash dividend was made possible because of our company's continued record of superior financial results. Adding to this powerful performance is our exceptionally strong capital position, significant liquidity and more than fifty-eight years of positive earnings. We remain committed to continuing

    $IBOC
    Major Banks
    Finance
  • IBC Reports Strong Earnings for the Third Quarter of 2024

    International Bancshares Corporation (NASDAQ:IBOC), one of the largest independent bank holding companies in Texas, today reported net income for the nine months ended Sept. 30, 2024 of $294.1 million or $4.72 diluted earnings per common share ($4.73 per share basic) compared to $305.4 million or $4.91 diluted earnings per common share ($4.92 per share basic), which represents a decrease of 3.7% in net income and 3.9% in diluted earnings per share over the corresponding period of 2023. Net income for the three months ended Sept. 30, 2024 was $99.8 million or $1.60 diluted earnings per common share ($1.60 per share basic) compared to $103.3 million or $1.66 diluted earnings per common share

    $IBOC
    Major Banks
    Finance

$IBOC
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$IBOC
SEC Filings

See more

$IBOC
Leadership Updates

Live Leadership Updates

See more
  • International Bancshares Corporation Announces Appointment of New Director

    International Bancshares Corporation ("IBC") (NASDAQ:IBOC) announced today that on Feb. 23, 2022, IBC's Board of Directors appointed Ms. Diana G. Zuniga to IBC's Board to fill the vacancy created by Irving Greenblum's retirement. The board unanimously voted to appoint Ms. Zuniga as a new director of IBC after recommendation from the Board's Nominating Committee. "Ms. Zuniga will bring her talent, experience and maturity to our holding company Board. She is an accomplished, highly respected entrepreneur, and a community leader who will add value to our Board deliberations and our company," said Dennis E. Nixon, Chairman. Ms. Zuniga has served as an advisory director of IBC's subsidiary bank

    $IBOC
    Major Banks
    Finance

$IBOC
Financials

Live finance-specific insights

See more
  • International Bancshares Corporation Announces Six Percent Increase in Cash Dividend

    International Bancshares Corporation (NASDAQ:IBOC) announced today that on Jan. 31, 2025, IBC's Board of Directors approved the declaration of a .70 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 14, 2025, payable on Feb. 28, 2025. This is an increase of 6% per share from the previous cash dividend. "This discretionary cash dividend was made possible because of our company's continued record of superior financial results. Adding to this powerful performance is our exceptionally strong capital position, significant liquidity and more than fifty-eight years of positive earnings. We remain committed to continuing

    $IBOC
    Major Banks
    Finance
  • International Bancshares Corporation Announces Cash Dividend

    International Bancshares Corporation (NASDAQ:IBOC) announced today that on July 31, 2024, IBC's Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Aug. 14, 2024, payable on Aug. 28, 2024. "This discretionary cash dividend was made possible because of our Company's continued record of superior financial results. Adding to this strong performance is our exceptionally strong capital position, significant liquidity and more than fifty-seven years of positive earnings. We remain committed to continue to manage our Company responsibly to position us for continued success and

    $IBOC
    Major Banks
    Finance
  • International Bancshares Corporation Increases Cash Dividend by 4.76%

    International Bancshares Corporation (NASDAQ:IBOC) announced today that on Jan. 31, 2024, IBC's Board of Directors approved the declaration of a 66 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Feb. 15, 2024, payable on Feb. 28, 2024. This dividend represents a 4.76% or 3 cents per share increase above IBC's previous dividend paid on Aug. 25, 2023. "This discretionary cash dividend was made possible because of our Company's continued record of superior financial results. Adding to this strong performance is our exceptionally strong capital position, significant liquidity, and more than fifty-seven years of positiv

    $IBOC
    Major Banks
    Finance

$IBOC
Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more