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IBERIABANK Corp (IBKC.OQ)

IBKC.OQ on NASDAQ Stock Exchange Global Select Market

84.30USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Iberiabank Corp Provides 2018 Financial Guidance
Tuesday, 19 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
Thursday, 19 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
Wednesday, 4 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

IBERIABANK Announces Pricing of $50 Million Preferred Stock Offering
Wednesday, 4 May 2016 

IBERIABANK:Priced an underwritten registered public offering of 2 mln depositary shares.Says each depositary share representing a 1/400th interest in a share of 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, par value $1.00 per share, with a liquidation preference of $10,000 per share of Series C preferred stock.IBERIABANK expects to use the net proceeds from the offering for general corporate purposes.Keefe, Bruyette & Woods, A Stifel Company and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers.Offering is expected to close on May 9, 2016, subject to customary closing conditions.  Full Article

Rising bond yields not high enough yet to spook investors

NEW YORK The jump in U.S. Treasury yields to more than three-year highs is pushing fund managers to sell interest-rate sensitive utility and real estate stocks, but does not yet threaten to derail the nine year-long bull market in U.S. equities or slow down the broader economy.