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IBERIABANK Corp (IBKC.OQ)

IBKC.OQ on NASDAQ Stock Exchange Global Select Market

79.45USD
22 Jun 2018
Change (% chg)

$-0.80 (-1.00%)
Prev Close
$80.25
Open
$80.55
Day's High
$80.95
Day's Low
$78.95
Volume
615,983
Avg. Vol
133,076
52-wk High
$87.45
52-wk Low
$70.00

Latest Key Developments (Source: Significant Developments)

Iberiabank Corp Announces Branch Closures And Consolidations
Friday, 18 May 2018 

May 18 (Reuters) - IBERIABANK Corp ::IBERIABANK CORPORATION ANNOUNCES BRANCH CLOSURES AND CONSOLIDATIONS.IBERIABANK CORP - PLANS TO CLOSE OR CONSOLIDATE 22 BRANCH LOCATIONS DURING SECOND AND THIRD QUARTERS OF 2018..IBERIABANK CORP - EXPECTS TO REALIZE AN INCREMENTAL $2 MILLION REDUCTION IN NON-INTEREST EXPENSE IN Q4 OF 2018.IBERIABANK CORP - TOTAL EXPENSES ASSOCIATED WITH BRANCH CLOSURES ARE ANTICIPATED TO BE ABOUT $12 MILLION IN NON-CORE CHARGES.IBERIABANK - CLOSURES ANTICIPATED TO PROVIDE IMPROVEMENT TO ANNUAL RUN-RATE OPERATING EXPENSE BY OVER $8 MILLION ON PRE-TAX BASIS ONCE SOLD/CLOSED.IBERIABANK - TOTAL COST OF BRANCH CONSOLIDATIONS EXPECTED TO BE EARNED BACK THROUGH NON-INTEREST EXPENSE REDUCTIONS WITHIN 2-YEAR PERIOD.  Full Article

IBERIABANK Corp Reports Announces Common Stock Repurchase Program
Friday, 11 May 2018 

May 10 (Reuters) - IBERIABANK Corp ::IBERIABANK CORPORATION ANNOUNCES COMMON STOCK REPURCHASE PROGRAM.IBERIABANK CORP - AUTHORIZED REPURCHASE OF UP TO 1.1 MILLION SHARES OF COMPANY'S OUTSTANDING COMMON STOCK.  Full Article

Iberiabank Q1 Earnings Per Share $1.10
Friday, 20 Apr 2018 

April 19 (Reuters) - IBERIABANK Corp ::IBERIABANK CORPORATION REPORTS FIRST QUARTER RESULTS.Q1 EARNINGS PER SHARE $1.10.Q1 EARNINGS PER SHARE VIEW $1.43 -- THOMSON REUTERS I/B/E/S.Q1 2018 RESULTS ARE IN-LINE WITH FULL YEAR 2018 GUIDANCE.  Full Article

IBERIABANK Corp Raises Cash Dividend On Common Stock By 3 Pct
Tuesday, 20 Mar 2018 

March 20 (Reuters) - Iberiabank Corp ::IBERIABANK CORPORATION INCREASES CASH DIVIDEND ON COMMON STOCK BY 3%.IBERIABANK - ANNOUNCED DECLARATION OF QUARTERLY CASH DIVIDEND OF $0.38/SHARE.  Full Article

Iberiabank Corp Provides 2018 Financial Guidance
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Iberiabank Corp ::IBERIABANK CORPORATION PROVIDES 2018 FINANCIAL GUIDANCE.IBERIABANK CORP - SEES FY 2018 NET INTEREST MARGIN 3.55% - 3.63%.IBERIABANK CORP - SEES FY 2018 CONSOLIDATED LOAN GROWTH 15% - 17%.IBERIABANK CORP SEES FY 2018 NON-INTEREST INCOME ON CORE BASIS TO BE $210 MILLION TO $220 MILLION.  Full Article

Iberiabank Corp announces agreement to acquire Gibraltar Private Bank & Trust Co
Friday, 20 Oct 2017 

Oct 19 (Reuters) - Iberiabank Corp ::Iberiabank Corporation announces agreement to acquire Gibraltar Private Bank & Trust Co.Iberiabank Corp - ‍each share of Gibraltar common stock, including restricted stock awards will be exchanged for 1.9749 shares of IBKC common stock​.Iberiabank Corp - ‍gibraltar shareholders will receive IBKC shares valued at approximately $158.29 per Gibraltar common share​.Iberiabank Corp - ‍IBKC expects to issue approximately 2.79 million shares of IBKC common stock in transaction, valuing transaction at $223 million for equity​.Iberiabank Corp - ‍deal will be accretive to EPS in first full year​.Iberiabank Corp - ‍transaction is expected to be less than 1pct dilutive to tangible book value per share on a pro forma basis at deal closing​.Iberiabank Corp - ‍tangible book value dilution from deal is anticipated to be earned back in approximately two years after deal closing​.Iberiabank Corp - ‍currently estimates annual pre-tax expense reductions for deal will be in excess of 60pct of Gibraltar's run-rate expenses in 2017​.Iberiabank Corp - ‍transaction is expected to be 2pct-3pct accretive to IBKC's fully diluted earnings per share in 2019 and 2020​.  Full Article

Iberiabank Q3 earnings per share $0.49
Friday, 20 Oct 2017 

Oct 19 (Reuters) - Iberiabank Corp ::Iberiabank Corporation reports third quarter results.Q3 earnings per share $0.49.Q3 earnings per share view $1.16 -- Thomson Reuters I/B/E/S.Iberiabank Corp - qtrly net interest income $216.9 million versus $163.4 mln‍​.Iberiabank Corp - qtrly nongaap core earnings per share diluted $1.00‍​.  Full Article

IBERIABANK provides updates on hurricanes Harvey and Irma, HUD lawsuit
Thursday, 5 Oct 2017 

Oct 4 (Reuters) - IBERIABANK Corp :IBERIABANK corporation provides updates on key topics: hurricanes harvey and irma, HUD lawsuit, energy portfolio, and Sabadell United Bank acquisition-related expense.IBERIABANK suffered minimal damage and incremental expense related to its physical infrastructure as a result of storms.IBERIABANK corp - IBERIABANK expects to accrue $8.5 million of incremental provision for credit losses tied to these two named storms during Q3 of 2017.Consolidated provision for credit losses in Q3 is expected to be $19 million.Net charge-offs for Q3 are not expected to exceed $29 million.IBERIABANK corp - has negotiated settlement amount of $11.7 million that counsel for us are recommending for approval by appropriate government decision makers.  Full Article

Iberiabank Corporation Q2 earnings per share $0.99
Friday, 21 Jul 2017 

July 20 (Reuters) - Iberiabank Corp :Iberiabank Corporation reports second quarter results.Q2 earnings per share $0.99.Q2 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.Acquisition of Sabadell United Bank remains on track as well.  Full Article

BRIEF-Iberiabank Q1 Earnings Per Share $1.10

* Q1 EARNINGS PER SHARE VIEW $1.43 -- THOMSON REUTERS I/B/E/S