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Last $63.46 USD
Change Today -0.15 / -0.24%
Volume 99.5K
IBKC On Other Exchanges
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Frankfurt
As of 1:24 PM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

iberiabank corp (IBKC) Key Developments

IBERIABANK Corporation Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for the Full Year of 2015

IBERIABANK Corporation reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported income available to common shareholders-diluted of $24,782,000 or $0.75 fully diluted earnings per share compared to $21,931,000 or $0.75 fully diluted earnings per share a year ago. Pre-tax operating earnings (non-GAAP) were $46,182,000 against $30,767,000 a year ago. After-tax operating earnings (non-GAAP) were $31,708,000 against $21,819,000 a year ago. Pre-tax pre-provision operating earnings (non-GAAP) were $51,527,000 against $32,870,000 a year ago. After-tax pre-provision operating earnings (non-GAAP) were $35,183,000 against $23,186,000 a year ago. Pre-provision operating earnings per share (non-GAAP) were $1.05 against $0.78 a year ago. Adjusted return on average assets was 0.81%. Adjusted return on average common equity was 6.81%. Adjusted return on average tangible common equity (non-GAAP) was 9.93%. GAAP net interest income was $125,804,000 against $104,408,000 a year ago. Interest income was $138,585,000 against $114,232,000 a year ago. Income before income taxes was $36,205,000 against $30,752,000 a year ago. Book value per share was $56.77 against $52.01 at March 31, 2014. Tangible book value per share as at March 31, 2015 was $39.26 against $37.56 at March 31, 2014. Return on average assets was 0.64% against 0.68% a year ago. Return on average common equity was 5.40% against 5.82% a year ago. Return on average tangible common equity was 7.93% against 8.35% a year ago. Non-GAAP net interest income was $127,844,000 against $106,637,000 a year ago. Taxable equivalent operating revenues (non-GAAP) were $176,942,000 against $141,842,000 last year. Operating return on average tangible common equity (non-GAAP) was 9.71% against 7.98% last year. Operating earnings per share (non-GAAP) were $0.95 against $0.73 a year ago. The results in the first quarter were influenced by the closings of the company's Florida Bank Group and Old Florida acquisitions and conversions, which accounted for 90% of the non-operating expenses incurred during the quarter, which equated to $0.20 per share on an after-tax basis. The company reported total net charge-offs of $1,735,000 for the first quarter ended March 31, 2015 against $768,000 a year ago. Based on current market interest rate expectations and assumptions, the company remains comfortable with the previously provided guidance range for operating EPS for the full year of 2015 in the range of $4.45 to $4.50, equal to a 19% to 21% increase compared to 2014 operating results.

IberiaBank Corp. Presents at Gulf South Bank Conference, May-04-2015 03:30 PM

IberiaBank Corp. Presents at Gulf South Bank Conference, May-04-2015 03:30 PM. Venue: 921 Canal Street, New Orleans, Louisiana, United States.

IberiaBank Corp., Annual General Meeting, May 05, 2015

IberiaBank Corp., Annual General Meeting, May 05, 2015., at 16:00 Central Standard Time. Location: the Windsor Court Hotel. Agenda: To consider the election of four directors, each for a three-year term expiring in 2018; to consider the ratification of the appointment of Ernst & Young LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2015; to consider the advisory vote to approve Named Executive Officer compensation; and to consider the such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.

IberiaBank Corp. Appoints John Burden as Central Florida Market President

IBERIABANK Corp. reported completion of the acquisition of Old Florida Bancshares Inc. and its subsidiary banks, Old Florida Bank and New Traditions Bank, each of which were based in Orlando, Florida. Effective immediately, John Burden has been named Central Florida Market President. the Old Florida board of directors will become local advisory board for Central Florida.

IberiaBank Corp. Approves Amendment to its Articles of Incorporation

IberiaBank Corp. announced at its special meeting of stockholders, that the company's shareholders have overwhelmingly approved an amendment to the company's articles of incorporation to increase the number of authorized shares of common stock from 50,000,000 to 100,000,000 shares.

 

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IBKC

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Valuation IBKC Industry Range
Price/Earnings 19.3x
Price/Sales 3.3x
Price/Book 1.1x
Price/Cash Flow 22.4x
TEV/Sales 0.6x
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