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IberiaBank (IBKC) Tops Q3 EPS by 2c

October 23, 2014 7:52 AM EDT
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Price: $43.08 --0%

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IberiaBank (NASDAQ: IBKC) reported Q3 EPS of $1.00, $0.02 better than the analyst estimate of $0.98.

IberiaBank sees FY2014 EPS of $3.65-$3.70, versus the consensus of $3.67.

Daryl G. Byrd, President and Chief Executive Officer, commented, "We are proud of the healthy improvement in our operating performance in the third quarter. We experienced strong annualized organic loan and deposit growth equal to 16% and 13%, respectively. Our operating leverage continued to improve as tax-equivalent operating revenues climbed $9 million, or 6%, while operating expenses increased $3 million, or 3%. Based on the assumptions in our current forecasts and our third quarter results, we expect our operating EPS for the full-year 2014 will be on the upper-end of our previously provided EPS guidance range of $3.65 to $3.70 per share. We remain focused on enhancing long-term shareholder value through improved operating leverage and profitability and we are progressing well on our strategic financial targets."

For earnings history and earnings-related data on IBERIABANK Corp (IBKC) click here.



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