Lafayette-based IberiaBank Corp. reported its first-quarter earnings jumped to $40.2 million, or 97 cents per share, from $25.2 million, or 75 cents per share, a year ago.
However, the 2016 results included non-operating expenses of $1.6 million, or 4 cents per share. Without those expenses, IberiaBank would have earned $1.01 per share, better than the 98 cents forecast by stock analysts surveyed by Zacks Investment Research.
Total loans grew 12.3 percent to $14.5 billion.
IberiaBank increased its energy loans by $51 million as some exploration and production companies drew on lines of credit. IberiaBank had $732 million in energy loans, or 5 percent of total loans, as of March 31.
IberiaBank said it had no energy loans past due on March 31 and incurred no energy-related charge-offs in the first quarter of 2016.