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IBERIABANK Corp (IBKC.OQ)

IBKC.OQ on NASDAQ Stock Exchange Global Select Market

78.70USD
15 Dec 2017
Change (% chg)

$2.25 (+2.94%)
Prev Close
$76.45
Open
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Day's Low
$76.70
Volume
644,439
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Latest Key Developments (Source: Significant Developments)

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

IBERIABANK Corporation Declares Preferred Stock Dividend
Monday, 4 Jan 2016 

IBERIABANK Corporation:Says declaration of a semi-annual cash dividend on the outstanding shares of its 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, par value $1.00 per share.Declared cash dividend on the Series B Preferred Stock is for the time period between the initial issuance of the Depositary Shares on August 5, 2015, up to, but excluding, the first dividend payment date of February 1, 2016.The declared cash dividend equated to approximately $0.805 per Depositary Share, or $322.05 per share of Series B Preferred Stock outstanding.cash dividend is payable on Feb. 1, 2016, to shareholders of record as of the close of business on January 15, 2016.When, as, and if declared by the Board of Directors, future dividend payment dates on the Series B Preferred Stock and associated Depositary Shares will be payable semi-annually, in arrears, on Feb. 1 and Aug. 1.  Full Article

Iberiabank to pay U.S. $11.69 million over mortgage guarantee claims

WASHINGTON Iberiabank Corp and two subsidiaries agreed to pay $11.69 million to resolve allegations they submitted false claims for federal loan guarantees on mortgages, the U.S. Justice Department said on Friday.