IberiaBank Posts $25.1M Profit

LAFAYETTE, LA (AP) — Lafayette-based IberiaBank Corp. reports first-quarter net income of $25.1 million, up from $22.3 million a year ago.

         Per-share earnings amounted to 75 cents.

         IberiaBank said it incurred non-operating expenses of $10 million on a pre-tax basis. Excluding those items, first-quarter income would have been 95 cents per share.

- Sponsors -

         Daryl G. Byrd, president and CEO, said, "a few 'timing-related' items masked the true strength of the quarter's operating results."

         The Advocate reports those items included enhancing reserves for energy credits and related markets to buffer against potential losses given current oil and gas industry conditions.

         For more information

- Partner Content -

Entergy’s Energy Smart Program Brings Cost Conscious Innovation to New Orleans

Offering comprehensive energy efficiency at no cost to the consumer, Entergy’s Energy Smart program incentivizes Entergy New Orleans customers to perform energy-saving upgrades in...




Digital Sponsors / Become a Sponsor

Follow the issues, companies and people that matter most to business in New Orleans.

Email Newsletter

Sign up for our email newsletter