LAFAYETTE, LA (AP) — Lafayette-based IberiaBank Corp.'s third-quarter earnings jumped to $42.5 million, or $1.03 cents per share, compared with $30.9 million, or 92 cents per share, a year earlier.
The Advocate reports (http://bit.ly/1OKpaxZ) the company's third-quarter profit was lowered slightly by non-operating expenses, which reduced earnings by 4 cents per share after taxes.
Daryl G. Byrd, president and chief executive officer, said IberiaBank has worked to reduce risks by cutting down on the number of energy-related and indirect automobile loans. Energy-related loans dropped by 9 percent during the quarter, accounting for 5.1 percent of total loans by Sept. 30.
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