Last $64.13 USD
Change Today +0.08 / 0.12%
Volume 83.1K
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

iberiabank corp (IBKC) Key Developments

IberiaBank Corp. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Charge-Offs for the Third Quarter of 2014; Revises Earnings Guidance for the Full Year 2014

IberiaBank Corp. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, net interest income was $121,041,000 against $97,452,000 for the same period a year ago. Income before income taxes was $40,930,000 against $30,549,000 for the same period a year ago. Earnings available to diluted shareholders were $29,296,000 or $0.89 diluted earnings per share against $22,767,000 or $0.78 diluted earnings per share a year ago. Return on average assets was 0.76% against 0.71% for the same period a year ago. Return on average common equity was 6.52% against 6.08% for the same period a year ago. Return on average tangible common equity was 9.68% against 8.74% for the same period a year ago. Non-GAAP net interest income was $123,175,000 against $99,773,000 for the same period a year ago. Taxable equivalent non-GAAP revenue was $168,820,000 against $143,512,000 for the same period a year ago. Operating return on average tangible common equity (Non-GAAP) was 10.87% against 9.26% for the same period a year ago. Non-GAAP pre-tax operating earnings were $46,743,000 against $32,783,000 for the same period a year ago. Non-GAAP after-tax operating earnings were $33,523,000 against $24,644,000 for the same period a year ago. Non-GAAP operating earnings per share were $1.00 against $0.83 for the same period a year ago. Non-GAAP return on average assets was 0.86%. Non-GAAP return on average common equity was 7.35%. Non-GAAP return on average tangible common equity was 10.87%. For the nine months, interest income was $334,427,000 against $286,806,000 for the same period a year ago. Income before income taxes was $96,306,000 against $46,193,000 for the same period a year ago. Diluted earnings available to common shareholders were $69,528,000 or $2.25 diluted earnings per share against $38,755,000 or $1.33 diluted earnings per share a year ago. Pre-tax operating income non-GAAP was $119,269,000 against $88,174,000 a year ago. After-tax operating income non-GAAP was $85,153,000 against $66,787,000 a year ago. Non-GAAP operating earnings per share were $2.71 compared to $2.27 for the same period a year ago. At September 30, 2014, book value per share was $54.35, up $0.49 per share compared to June 30, 2014. Tangible book value per share was $37.91, up $0.50 per share compared to June 30, 2014. Based on the assumptions in current forecasts and the company's third quarter results, the company expects operating EPS for the full-year 2014 will be on the upper-end of the company's previously provided EPS guidance range of $3.65 to $3.70 per share. For the third quarter ended September 30, 2014, the company announced net charge-offs of $2.131 million compared to $0.303 million for the same period a year ago. Legacy net charge-offs for the third quarter were 9 basis points of average loans. The company took a $4.8 million impairment charge to write down the IA this quarter associated with OREO assets, that it originally expected to sell this quarter and next, that are it is expected to clear in the first half of next year.

IberiaBank Corp. to Report Q3, 2014 Results on Oct 22, 2014

IberiaBank Corp. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Oct 22, 2014

IberiaBank Corp., Q3 2014 Earnings Call, Oct 23, 2014

IberiaBank Corp., Q3 2014 Earnings Call, Oct 23, 2014

IberiaBank Corp., Florida Bank Group, Inc. - M&A Call

IberiaBank Corp., Florida Bank Group, Inc. - M&A Call

IberiaBank Corp. Declares Quarterly Cash Dividend, Payable on October 31, 2014

The Board of Directors of IberiaBank Corp. announced the declaration of a quarterly cash dividend of $0.34 per share. The dividend is payable on October 31, 2014, to shareholders of record as of September 30, 2014. This dividend level equates to an annualized dividend rate of $1.36 per share.

 

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Price/Earnings 20.6x
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Price/Book 1.2x
Price/Cash Flow 22.3x
TEV/Sales 0.5x
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