LAFAYETTE, La. (AP) _ Iberiabank Corp. (IBKC) on Friday reported fourth-quarter earnings of $81.8 million.
The Lafayette, Louisiana-based bank said it had earnings of $1.48 per share. Earnings, adjusted for one-time gains and costs, came to $1.59 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The financial holding company posted revenue of $374.1 million in the period. Its revenue net of interest expense was $293.8 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $298.3 million.
For the year, the company reported profit of $380.6 million, or $6.92 per share. Revenue was reported as $1.22 billion.
Iberiabank shares have increased 3% since the beginning of the year. The stock has risen slightly more than 5% 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
Automated Insights, source Associated Press News