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.
