Iberiabank Corp.(IBKC), holding company of the 124-year-old Iberiabank, on Wednesday reported higher profit for the fourth quarter, helped by increased net interest income amid lower provision for bad loans. Adjusted earnings topped Wall Street estimates.
Income available to common shareholders rose to $17.05 million or $0.59 per share from $12.78 million or $0.48 per share in the prior-year period.
The latest quarterly results include acquisition and conversion costs of $0.10 per share. Excluding these costs, earnings per share totaled $0.69 per share.
On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.65 for the quarter. Analysts' estimates typically exclude one-time items.
Net interest income advanced to $92.57 million from $72.35 million. On a taxable equivalent or TE basis, net interest income increased 28 percent to $94.92 million. Total non-interest income slid 6.8 percent to $35.46 million. Analysts estimated revenues of $129.29 million for the quarter.
Provision for loan losses slumped about 62 percent to $4.28 million.
For the full year, earnings available to common shareholders was $52.57 million or $1.87 per share, compared to $47.85 million or $1.88 per share in the prior year. Net interest income climbed to $338.26 million from $281.63 million. Total non-interest income slipped 1.5 percent to $131.86 million. Wall Street expected earnings of $2.02 per share on revenues of $475.49 million.
IBKC closed on Tuesday at $54.35, down from the previous close of $54.79, on 159,500 shares.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.