IBERIABANK Corporation Reports Fourth Quarter Results
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IBERIABANK Corp. (IBKC) Misses Q4 EPS by 11c
January 24, 2020 7:01 AM ESTIBERIABANK Corp. (NASDAQ: IBKC) reported Q4 EPS of $1.59, $0.11 worse than the analyst estimate of $1.70.
Total loan growth of $345.0 million on a linked quarter basis, or 6% annualized. Total loan growth on a year-to-date basis was $1.5 billion, or 7%. The Company continues to see good loan growth throughout its footprint.Total deposits increased $242.1 million compared to the prior quarter, or 4% annualized. Total deposit growth on a year-to-date basis was $1.5 billion, or 6%. In the fourth quarter, the Company paid off short-term borrowings of $275.0 million and reduced its balance of brokered deposits by $362.2 million.The... More