Lafayette-based IberiaBank Corp. said its third-quarter earnings climbed to $29.7 million, or 89 cents per diluted share, compared to $23.2 million, or 78 cents per share, during the same period in 2013.
The holding company for IberiaBank said Wednesday the results included non-operating costs of 11 cents per share. Without those costs, IberiaBank would have generated a profit of $1 per share.
That was slightly better than the expectations of 98 cents a share in earnings that analysts polled by Thomson Reuters had forecast for the bank.
IberiaBank had projected operating earnings per share to end 2014 in the range of $3.65 to $3.70 per share. In a statement IberiaBank President and Chief Executive Officer Daryl G. Byrd said he expects the bank will finish the year “on the upper end” of the guidance range. Shares of IberiaBank closed Wednesday at $63.59, down 56 cents or nearly 0.9 percent. The company released earnings information after the markets closed.