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Iberiabank: 4Q Earnings Snapshot

LAFAYETTE, La. (AP) _ Iberiabank Corp. (IBKC) on Friday reported fourth-quarter profit of $130 million.

The bank, based in Lafayette, Louisiana, said it had earnings of $2.32 per share. Earnings, adjusted for non-recurring gains, were $1.86 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.

The financial holding company posted revenue of $331.2 million in the period. Its revenue net of interest expense was $266 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $308.2 million.

For the year, the company reported profit of $370.2 million, or $6.46 per share. Revenue was reported as $1.17 billion.

Iberiabank shares have increased 13 percent since the beginning of the year. The stock has fallen 13 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBKC at https://www.zacks.com/ap/IBKC