Iberiabank: 4Q Earnings Snapshot
LAFAYETTE, La. (AP) _ Iberiabank Corp. (IBKC) on Friday reported fourth-quarter profit of $130 million.
The bank, based in Lafayette, Louisiana, said it had earnings of $2.32 per share. Earnings, adjusted for non-recurring gains, were $1.86 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The financial holding company posted revenue of $331.2 million in the period. Its revenue net of interest expense was $266 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $308.2 million.
For the year, the company reported profit of $370.2 million, or $6.46 per share. Revenue was reported as $1.17 billion.
Iberiabank shares have increased 13 percent since the beginning of the year. The stock has fallen 13 percent in the last 12 months.