|Bid||70.650 x 3200|
|Ask||94.350 x 800|
|Day's Range||85.350 - 85.475|
|52 Week Range||68.550 - 87.550|
|PE Ratio (TTM)||27.57|
|Forward Dividend & Yield||1.56 (1.85%)|
|1y Target Est||N/A|
A Birmingham banking veteran is part of an expansion of a Louisiana-based bank’s Birmingham team. Kevin E. Collins, who previously worked at Regions Bank, has stepped into the role of senior vice president and senior wealth advisor at Iberia Wealth Advisors. Iberiabank recently expanded its previously nine-member Birmingham wealth team by three – Collins, Pamela Townsend and Jenny Watts.
Iberiabank (IBKC) delivered earnings and revenue surprises of 7.55% and 2.84%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On Friday, Iberiabank (NASDAQ: IBKC ) will release its latest earnings report. Benzinga's outlook for Iberiabank is included in the following report. Earnings and Revenue Iberiabank EPS is expected to ...
“If we don’t change and shift the economic disparity that exists in some communities in this city, then it impacts the entire city.” Those were the words of Gerre Currie, community development officer for Financial Federal Bank and the secretary of the Memphis Area Community Reinvestment Act Association (Memphis CRA Association). Financial Federal is one of more than a dozen local financial institutions that have joined forces to try and improve the financial well-being of Memphis residents. As part of that effort, the Memphis CRA Association will host the “Better Credit, Better Communities” fair Saturday, June 9, at the Fellowship Hall at Mississippi Boulevard Christian Church.
Central Florida's banks are ready to grow, despite increased competition and the need for high-tech advancements.
IberiaBank Corp. is the latest bank to enter the Charlotte market. Named for its birthplace of New Iberia, La., IberiaBank tapped longtime banker Rotcher Watkins as executive vice president and Charlotte market president.
Today community banks and regional banks are more like utility stocks, with steady earnings growth and fairly low valuations that have been rising all year from very low levels.
"It is just rolling back by degrees so that we can get back to lending money to small businesses, lending money to individuals and bringing some common sense back to banking.”
IberiaBank Corp. will lay off 124 Gibraltar Bank Trust & Co.'s employees as a result of efficiencies made from its nearly completed acquisition of the Coral Gables based bank. The parent company of IberiaBank filed a Worker Adjustment and Retraining Notification (WARN) Act with the state on March 7, stating that the layoffs would be effective between April 28 and May 13. IberiaBank Corp. announced last October that it would acquire Coral Gables-based Gibraltar Bank for $223 million in an all-stock deal.
The layoffs come a month after Gibraltar Private Bank & Trust Co. received regulatory and shareholder approval.
Bank stocks have been in the spotlight since the announcement of U.S Presidential election results in November 2016. Since the Presidential election results, banks have outperformed the Zacks Finance sector. Favorable rate hike scenario: If the Federal Reserve sticks to its plan of increasing rates three times in 2018, it will further help banks in expanding net interest margin.
IberiaBank Corp. just moved one step closer to completing its acquisition of Gibraltar Private Bank & Trust. The Louisiana company (IBKC) received approval today from the Federal Reserve for its $223 million planned acquisition of Coral Gables-based Gibraltar Private. If Gibraltar's shareholders also approve, it will mean there will be only eight banks in South Florida with more than $1 billion in assets.
IberiaBank announced non-exempt, non-commissioned associates who make $15 per hour or less will receive a $2 per hour pay raise. In the Memphis market, IberiaBank has eight branches and employs 97 full-time employees. The company is the No. 13 largest bank in the Memphis area ranked by local deposits, with more than $380 million in local deposits and accounting for 1.27 percent of the Memphis market share, according to Memphis Business Journal research.
For investors, increase in profitability and industry-beating performance can be essential considerations in an investment. Below, I will examine IBERIABANK Corporation’s (NASDAQ:IBKC) track record on a high level, to giveRead More...