IBC Capital Finance II, 8.25% Cumul Trust Preferred Securities
IBCPO
NASDAQ- -
USD
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- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Banks
- Address
- 230 W. Main Street United States of America
- IPO Date
- Mar 19, 2003
- CIK
- 0001220187
- Similar Companies
- Business
- IBC Capital Finance II operates as a business trust that issued 8.25% Cumulative Trust Preferred Securities (ticker: IBCPO), providing hybrid capital instruments to support financing activities typically linked to financial institutions or parent entities such as International Bancshares Corporation (IBOC), a major Texas-based bank holding company headquartered in Laredo, Texas. The trust's core offerings consist of these fixed-rate preferred securities with a par value of $25, featuring cumulative quarterly cash distributions at an 8.25% annual rate, designed for investors seeking income-generating instruments backed by junior subordinated debt from the parent or affiliate; it does not engage in direct manufacturing, sales, or diverse service lines beyond this issuance structure. Operations remain centered in the United States, with no specified subsidiaries or expanded geographic footprint beyond domestic financial markets. In a significant operational change, IBC Capital Finance II redeemed all of its issued and outstanding 8.25% trust preferred securities on October 11, 2013, effectively concluding the active trading and distribution phase of these instruments. No recent partnerships, funding rounds, acquisitions, new product launches, or strategic expansions have been reported for the entity within the last 1-2 years, reflecting its status as a non-operational trust post-redemption. The founding aligns with the issuance period around the early 2000s, consistent with similar trust preferred structures by financial firms during that era.