iberiabank corp (IBKC) Key Developments
IBERIABANK Corporation Names Daryl S. Kirkham as Market President for the Dallas, Texas Market
Jul 1 14
IBERIABANK Corporation announced completion of the acquisition of First Private Holdings Inc. and its subsidiary bank, First Private Bank, both of which were based in Dallas, Texas. The acquisition, including the merger of First Private Bank with and into IBERIABANK, was completed on June 30, 2014. Daryl S. Kirkham, former President and CEO of First Private, was named Market President for the Dallas, Texas, market. In addition, former members of First Private's Board of Directors will comprise IBERIABANK's Dallas Advisory Board.
IberiaBank Corp. to Report Q2, 2014 Results on Jul 23, 2014
Jun 19 14
IberiaBank Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014
IBERIABANK Corporation Declares Quarterly Cash Dividend, Payable on July 25, 2014
Jun 19 14
The board of directors of IBERIABANK Corporation announced the declaration of a quarterly cash dividend of $0.34 per share. The dividend is payable on July 25, 2014, to shareholders of record as of June 30, 2014.
IberiaBank Corp. Presents at US Regional Leaders Bank Conference, Jun-09-2014
Jun 6 14
IberiaBank Corp. Presents at US Regional Leaders Bank Conference, Jun-09-2014 . Venue: London, United Kingdom. Speakers: Daryl G. Byrd, Chief Executive Officer, President, Executive Director, Member of Executive Committee, Member of Investment Committee, Chief Executive Officer of IberiaBank, President of IberiaBank and Director of IberiaBank, Jefferson G. Parker, Vice Chairman and Managing Director of Brokerage, Trust & Wealth Management, Michael J. Brown, Vice Chairman, Chief Operating Officer, Senior Executive Vice President, President of New Orleans Market and President of Regional Markets.
IberiaBank Corp. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reports Net Charge-Offs for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for 2014
Apr 23 14
IberiaBank Corp. announced consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, net interest income was $104,408,000 against $92,871,000 for the same period a year ago. Income before income taxes was $30,558,000 against loss before income taxes of $4,159,000 for the same period a year ago. Earnings available to diluted shareholders were $21,990,000 or $0.75 diluted earnings per share against $697,000 or $0.02 diluted earnings per share a year ago. Book value per common share was $52.04 against $51.33 at March 31, 2013. Tangible book value per common share was $37.59 against $36.93 at March 31, 2013. Return on average assets was 0.68% against 0.02% for the same period a year ago. Return on average common equity was 5.83% against 0.19% for the same period a year ago. Return on average tangible common equity was 8.36% against 0.55% for the same period a year ago. Non-GAAP return on average assets was 0.66%, non-GAAP return on average common equity was 5.70%. Non-GAAP net interest income was $106,637,000 against $95,335,000 for the same period a year ago. Taxable equivalent non-GAAP revenue was $143,633,000 against $144,909,000 for the same period a year ago. Taxable equivalent non-GAAP operating revenue was $141,842,000 against $144,890,000 for the same period a year ago. Operating return on average tangible common equity (Non-GAAP) was 8.17% against 8.29% for the same period a year ago. Non-GAAP operating earnings were $21,878,000 or $0.73 per share against $21,771,000 or $0.74 per share for the same period a year ago. Interest income was $114,232,000 against $106,416,000 last year.
For the first quarter of 2014, net charge-offs totaled $0.8 million.
The company’s current forecast for operating EPS for 2014 is similar to the current consensus analyst estimates. Based on interest rate risk modeling and other factors, the company increased its expectations for the net interest margin in 2014 to be in the range of 3.45% to 3.50%.