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Iberiabank: 2Q Earnings Snapshot

July 19, 2019

LAFAYETTE, La. (AP) _ Iberiabank Corp. (IBKC) on Friday reported second-quarter net income of $101.6 million.

The bank, based in Lafayette, Louisiana, said it had earnings of $1.86 per share. Earnings, adjusted for non-recurring costs, came to $1.87 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.

The financial holding company posted revenue of $394.8 million in the period. Its revenue net of interest expense was $314.2 million, which also topped Street forecasts. Five analysts surveyed by Zacks expected $312.6 million.

Iberiabank shares have increased 17% since the beginning of the year. The stock has decreased almost 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBKC at https://www.zacks.com/ap/IBKC

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