Lafayette-based IberiaBank Corp. reported fist-quarter earnings jumped to $19 million, or 66 cents per share, compared to $14.4 million, or 54 cents per share, a year ago.
Stock analysts surveyed by Thomson-Reuters estimated earnings of 67 cents per share. IberiaBank’s results included after-tax, acquisition-related charges of 2 cents per share.
In a news release, IberiaBank President and Chief Executive Officer Daryl G. Byrd said the company was pleased by its continued loan and core deposit growth.
“The high-quality market share growth will be of significant benefit to our shareholders once interest rates return to historically normalized levels,” Byrd said.
IberiaBank’s asset quality and capital means the bank is well-positioned for future acquisitions, he said.