Regional Banks Report Financial Results and Merger Agreements - Research Report on PacWest, First Horizon, IberiaBank,

   Regional Banks Report Financial Results and Merger Agreements - Research
   Report on PacWest, First Horizon, IberiaBank, Prosperity, and Trustmark

PR Newswire

NEW YORK, July 26, 2013

NEW YORK, July 26, 2013 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.

Today, Analysts' Corner announced new research reports highlighting PacWest
Bancorp (NASDAQ: PACW), First Horizon National Corporation (NYSE: FHN),
IberiaBank Corp. (NASDAQ: IBKC), Prosperity Bancshares Inc. (NYSE: PB), and
Trustmark Corporation (NASDAQ: TRMK). Today's readers may access these reports
free of charge - including full price targets, industry analysis and analyst
ratings - via the links below.

PacWest Bancorp Research Report

On July 23, 2013, PacWest Bancorp (PacWest) reported its financial results for
Q2 2013. The Company reported net earnings of approximately $4.4 million or
$0.11 per diluted share, reflecting a decrease compared to $13.5 million or
$0.37 per diluted share in Q1 2013. Q2 2013 net earnings include after-tax
acquisition and integration costs associated with the First California
Financial Group, Inc. (FCAL) transaction of $10.8 million, or $0.28 per
diluted share. According to Matt Wagner, CEO, "We completed the acquisition of
First California on May 31, 2013, and welcome our new employees to the Pacific
Western family. Our integration of First California was completed on Saturday,
June 15 when we converted the information systems and the branches opened the
following Monday as full-service offices of Pacific Western Bank. The FCAL
transaction has expanded our market presence in Los Angeles and Ventura
counties, and its retained operations are expected to enhance our efficiency
and net earnings." The Full Research Report on PacWest Bancorp - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/a9b0_PACW]

--

First Horizon National Corporation Research Report

On July 19, 2013, First Horizon National Corporation (First Horizon) reported
its financial results for Q2 2013. Net income available to common shareholders
was $40.8 million or $0.17 per diluted share compared to net loss of $124.8
million or $0.5 per diluted share in Q2 2012. Total Revenue decreased 8.7% YoY
to $302.7 million. According to Bryan Jordan, Chairman and CEO of First
Horizon, "First Tennessee Bank and FTN Financial are delivering good results
for our customers and shareholders. Our people continue to seize opportunities
to earn our customers' business with unparalleled service and product options.
We remain committed to operating efficiently throughout the company, building
a strong foundation so we can take advantage of opportunities as the economy
improves." The Full Research Report on First Horizon National Corporation -
including full detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/87c5_FHN]

--

IberiaBank Corp. Research Report

On July 23, 2013, IberiaBank Corp. (IberiaBank) released its operating results
for Q2 2013. The Company reported basic net income of $15.6 million or $0.53
per diluted share, compared to basic net income of $12.6 million or $0.43 per
diluted share in Q2 2012. Commenting on the news, Daryl G. Byrd, President and
Chief Executive Officer, said, "The results for the second quarter were
generally consistent with our expectations. We experienced the strongest
quarterly organic loan growth in our Company's history. Noninterest bearing
deposit volumes continued to climb. Our net interest margin in the second
quarter showed significant improvement as expected. Our asset quality and
capital position remained stellar. Targeted cost savings are being achieved,
though results this quarter were masked by $4 million in one-time branch
closure costs that were beyond our expectations. While we originated the third
highest quarterly mortgage loan production in our Company's history, mortgage
income was negatively affected by the rapid rise in interest rates and reduced
pipeline valuations." The Full Research Report on IberiaBank Corp. - including
full detailed breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.analystscorner.com/r/full_research_report/2754_IBKC]

--

Prosperity Bancshares Inc. Research Report

On July 1, 2013, Prosperity Bancshares Inc., (Prosperity) the parent company
of Prosperity Bank, announced the signing of a definitive merger agreement
with FVNB Corp. and its wholly owned subsidiary First Victoria National Bank,
which marks the Company's sixth merger transaction in the last 18 months.
Commenting on the merger agreement, David Zalman, Chairman and CEO of
Prosperity, said, "We have always had a great deal of respect for the bank and
for the people that have contributed to its success. Both of our banks do
business in many of the same communities and we have knowledge of the specific
needs of those communities in terms of financial products as well as community
support. We believe this combination will further strengthen our already
strong management and operations teams in South Texas and increase our ability
to effectively compete and serve our customers." The Full Research Report on
Prosperity Bancshares Inc. - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge at:
[http://www.analystscorner.com/r/full_research_report/dc06_PB]

--

Trustmark Corporation Research Report

On July 23, 2013, Trustmark Corporation (Trustmark) reported its Q2 2013
financial results and quarterly dividend. The Company's net income available
to common shareholders for Q2 2013, increased to $31.1 million or $0.46 per
diluted share, compared to net income of $29.3 million or $0.45 per diluted
share in Q2 2012. Commenting on the release, Gerard R. Host, President and
CEO, stated, "Trustmark's momentum continued to build during the second
quarter as total revenue increased 7.2% to $142.9 million. Thanks to our
dedicated associates, solid profitability and strong capital base, we are
well-positioned to continue providing value for our customers and
shareholders." Additionally, Trustmark's Board of Directors declared that on
September 15, 2013, a quarterly cash dividend of $0.23 per common share will
be payable to shareholders of record as of September 1, 2013. The Full
Research Report on Trustmark Corporation - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
at: [http://www.analystscorner.com/r/full_research_report/9e8a_TRMK]

----

EDITOR NOTES:

1.This is not company news. We are an independent source and our views do
    not reflect the companies mentioned.
2.Information in this release is fact checked and produced on a best efforts
    basis and reviewed by a CFA. However, we are only human and are prone to
    make mistakes. If you notice any errors or omissions, please notify us
    below.
3.This information is submitted as a net-positive to companies mentioned, to
    increase awareness for mentioned companies to our subscriber base and the
    investing public.
4.If you wish to have your company covered in more detail by our team, or
    wish to learn more about our services, please contact us at
    pubco@EquityNewsNetwork.com.
5.For any urgent concerns or inquiries, please contact us at
    compliance@EquityNewsNetwork.com.
6.Are you a public company? Would you like to see similar coverage on your
    company? Send us a full investors' package to
    research@EquityNewsNetwork.com for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This
document, article or report is prepared and authored by Equity News Network.
An outsourced research services provider has, through Chartered Financial
Analysts, only reviewed the information provided by Equity News Network in
this article or report according to the Procedures outlined by Equity News
Network. Equity News Network is not entitled to veto or interfere in the
application of such procedures by the outsourced provider to the articles,
documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the
accuracy or completeness or fitness for a purpose (investment or otherwise),
of the information provided in this document. This information is not to be
construed as personal financial advice. Readers are encouraged to consult
their personal financial advisor before making any decisions to buy, sell or
hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned
at the time of printing of this document or any error, mistake or shortcoming.
No liability is accepted by Equity News Network whatsoever for any direct,
indirect or consequential loss arising from the use of this document. Equity
News Network expressly disclaims any fiduciary responsibility or liability for
any consequences, financial or otherwise arising from any reliance placed on
the information in this document. Equity News Network does not (1) guarantee
the accuracy, timeliness, completeness or correct sequencing of the
information, or (2) warrant any results from use of the information. The
included information is subject to change without notice.

http://AnalystsCorner.com



SOURCE Analysts' Corner

Contact: Joe Thomas, +1-310-496-8071 (North America)
 
Press spacebar to pause and continue. Press esc to stop.