Iberiabank: 2Q Earnings Snapshot


LAFAYETTE, La. (AP) _ Iberiabank Corp. (IBKC) on Friday reported second-quarter profit of $75.1 million.

The Lafayette, Louisiana-based bank said it had earnings of $1.30 per share. Earnings, adjusted for non-recurring costs, came to $1.71 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.

The financial holding company posted revenue of $357.8 million in the period. Its revenue net of interest expense was $310.1 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $301.5 million.

Iberiabank shares have climbed slightly more than 1 percent since the beginning of the year. The stock has dropped almost 3 percent in the last 12 months.

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