Last $65.22 USD
Change Today +0.74 / 1.15%
Volume 283.4K
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As of 3:59 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

200 West Congress Street

Lafayette, LA 70501

United States

Phone: 337-521-4003

Fax: 337-521-4841

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. In addition to the bank, the company owns Lenders Title Company, an Arkansas-chartered title insurance and closing services agency headquartered in Little Rock, Arkansas (Lenders Title); IBERIA Capital Partners, LLC, a corporate finance services firm (ICP); IB Aircraft Holdings LLC, a holding company for its fractional investment in an aircraft, IBERIA Asset Management, Inc. (IAM), which provides wealth management and trust services to high net worth individuals, pension funds, corporations and trusts; and IBERIA CDE L.L.C. (CDE), which invests in purchased tax credits. The company has 267 combined offices, including 172 bank branch offices and 4 loan production offices in Louisiana, Arkansas, Florida, Alabama, Tennessee, and Texas, 21 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 61 locations in 12 states. The company also has nine wealth management locations in four states. The company’s products and services include a range of commercial, consumer, mortgage, and private banking products and services, cash management, deposit and annuity products and investment brokerage services. Certain of the company’s non-bank subsidiaries provide brokerage services, sales of variable annuities, life, health, dental and accident insurance products, and wealth management services. Lenders Title offers a line of title insurance and closing services throughout Arkansas and Louisiana. ICP provides equity research, institutional sales and trading, and corporate finance services. IB Aircraft Holdings, LLC owns a fractional share of an aircraft used by management of the company and its subsidiaries. IAM provides wealth management and trust services for commercial and private banking clients. CDE is engaged in the purchase of tax credits. The bank has six active, wholly-owned non-bank subsidiaries: Iberia Financial Services, LLC (IFS); IB SPE Management Inc.; Acadiana Holdings, LLC; IBERIABANK Mortgage Company; Iberia Investment Fund I, LLC; and Iberia Investment Fund II, LLC. IFS manages the brokerage services offered by the bank. Lenders Title provides a line of title insurance and loan closing services for both residential and commercial customers in locations throughout Arkansas. Lenders Title has three active, wholly-owned subsidiaries, Asset Exchange, Inc., United Title of Louisiana, Inc. (United Title), and American Abstract and Title Company, Inc. (AAT). Asset Exchange, Inc. provides qualified intermediary services to facilitate Internal Revenue Code Section 1031 tax deferred exchanges. United Title and AAT provide a line of title insurance and loan closing services for both residential and commercial customers in locations throughout Louisiana. Commercial Loans Commercial real estate and commercial business loans generally have shorter repayment periods and more frequent repricing opportunities than consumer and mortgage loans. Mortgage Loans Residential 1-4 family loans consist of most of the company’s mortgage loans. The majority of the company’s residential 1-4 family mortgage loan portfolio is secured by properties located in its market areas and originated under terms and documentation that permit their sale in the secondary market. Consumer and Credit Card Loans The company offers consumer loans to provide a range of retail financial services to its customers. It originates all of its consumer loans in its primary market areas. Indirect automobile dealerships originate these loans based upon the company’s credit decisioning. The company relies on the dealerships, in part, for loan qualifying information. Investment Securities As of December 31, 2013, the company’s investment portfolio included U.S. government-sponsored enterprise obligations; obligations of state and political subdivisions; mortgage-backed securities; and other securities. Deposits As of December 31, 2013, the company’s deposits include non-interest-bearing deposits; NOW accounts; money market accounts; savings accounts; and certificates of deposit. Supervision and Regulation The company is a bank holding company and has elected to be a financial holding company with the Board of Governors of the Federal Reserve System (the FRB). The company is subject to examination and supervision by the FRB pursuant to the Bank Holding Company Act of 1956, as amended, and is required to file reports and other information regarding its business operations and the business operations of its subsidiaries with the FRB. Because the company is a public company, the company is also subject to regulation by the Securities and Exchange Commission. As a Louisiana-chartered commercial bank and a member of the Federal Reserve System, the bank is subject to regulation, supervision and examination by the Office of Financial Institutions of the State of Louisiana, IBERIABANK’s chartering authority, and the FRB, IBERIABANK’s primary federal regulator. The bank is also subject to regulation, supervision and examination by the Federal Deposit Insurance Corporation. The company and its subsidiaries and affiliates are subject to various examinations by federal and state banking regulators, as well as the Securities and Exchange Commission, the Financial Industry Regulatory Authority, NASDAQ Stock Market, and various state insurance and securities regulators. Strategy The company’s strategy is to emphasize transaction accounts, particularly non-interest or low interest-bearing transaction accounts, which are significantly less sensitive to changes in interest rates. History IBERIABANK Corporation was founded in 1887.

 

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IBKC

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Valuation IBKC Industry Range
Price/Earnings 20.3x
Price/Sales 3.5x
Price/Book 1.2x
Price/Cash Flow 21.9x
TEV/Sales 0.4x
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