DB:ISK

Stock Analysis Report

Executive Summary

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States.

Snowflake

Fundamentals

Excellent balance sheet established dividend payer.


Similar Companies

Share Price & News

How has IBERIABANK's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.2%

ISK

4.2%

DE Banks

1.7%

DE Market


1 Year Return

6.0%

ISK

-26.4%

DE Banks

7.2%

DE Market

Return vs Industry: ISK exceeded the German Banks industry which returned -26.4% over the past year.

Return vs Market: ISK matched the German Market which returned 7.2% over the past year.


Shareholder returns

ISKIndustryMarket
7 Day-2.2%4.2%1.7%
30 Day-2.6%-0.6%2.4%
90 Day-3.5%-7.4%2.3%
1 Year8.6%6.0%-24.1%-26.4%10.6%7.2%
3 Year10.7%4.1%-4.2%-8.9%18.4%8.1%
5 Year45.5%30.6%-10.2%-32.1%42.3%22.9%

Price Volatility Vs. Market

How volatile is IBERIABANK's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is IBERIABANK undervalued compared to its fair value and its price relative to the market?

49.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ISK (€67) is trading below our estimate of fair value (€131.95)

Significantly Below Fair Value: ISK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ISK is good value based on its PE Ratio (9.5x) compared to the Banks industry average (16x).

PE vs Market: ISK is good value based on its PE Ratio (9.5x) compared to the German market (19x).


Price to Earnings Growth Ratio

PEG Ratio: ISK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: ISK is overvalued based on its PB Ratio (1x) compared to the DE Banks industry average (0.8x).


Next Steps

Future Growth

How is IBERIABANK forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

-3.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ISK's earnings are forecast to decline over the next 3 years (-3.6% per year).

Earnings vs Market: ISK's earnings are forecast to decline over the next 3 years (-3.6% per year).

High Growth Earnings: ISK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: ISK's revenue (1.9% per year) is forecast to grow slower than the German market (5% per year).

High Growth Revenue: ISK's revenue (1.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ISK's Return on Equity is forecast to be low in 3 years time (8.9%).


Next Steps

Past Performance

How has IBERIABANK performed over the past 5 years?

27.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: ISK's earnings have grown significantly by 27.7% per year over the past 5 years.

Accelerating Growth: ISK's earnings growth over the past year (75.2%) exceeds its 5-year average (27.7% per year).

Earnings vs Industry: ISK earnings growth over the past year (75.2%) exceeded the Banks industry -11.7%.


Return on Equity

High ROE: ISK's Return on Equity (10.1%) is considered low.


Return on Assets

ROA vs Industry: ISK has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate ISK's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is IBERIABANK's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: ISK has a low level of unsold assets or inventory.

Debt Coverage by Assets: ISK's debt is not covered by short term assets (assets are 0.7x debt).


Financial Institutions Analysis

Asset Level: ISK's level of assets compared to its equity is low.

Allowance for Bad Loans: ISK has a low allowance for bad loans.

Low Risk Liabilities: ISK's liabilities are made up of primarily low risk sources of funding.

Loan Level: ISK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ISK's loans are broadly funded by customer deposits.

Level of Bad Loans: ISK has an appropriate level of bad loans (0.67%)


Next Steps

Dividend

What is IBERIABANK's current dividend yield, its reliability and sustainability?

2.43%

Current Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.5%markettop25%3.8%industryaverage3.6%forecastin3Years2.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: ISK's dividend (2.43%) is higher than the bottom 25% of dividend payers in the German market (1.48%).

High Dividend: ISK's dividend (2.43%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: ISK's dividends per share have been stable in the past 10 years.

Growing Dividend: ISK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (22%), ISK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ISK's dividends in 3 years are forecast to be well covered by earnings (26.7% payout ratio).


Next Steps

Management

What is the CEO of IBERIABANK's salary, the management and board of directors tenure and is there insider trading?

8.4yrs

Average management tenure


CEO

Daryl Byrd (64yo)

19.3yrs

Tenure

US$5,287,769

Compensation

Mr. Daryl G. Byrd has been President of IBERIABANK Corporation since July 1999 and its Chief Executive Officer since July 2000. He serves as President, Chief Executive Officer and Director of IBERIABANK. M ...


CEO Compensation Analysis

Compensation vs. Market: Daryl's total compensation ($USD5.29M) is about average for companies of similar size in the German market ($USD2.95M).

Compensation vs Earnings: Daryl's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.4yrs

Average Tenure

55yo

Average Age

Experienced Management: ISK's management team is seasoned and experienced (8.4 years average tenure).


Board Age and Tenure

18.8yrs

Average Tenure

70yo

Average Age

Experienced Board: ISK's board of directors are seasoned and experienced ( 18.8 years average tenure).


Insider Trading

Insider Buying: ISK insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$760,84322 Aug 19
Daryl Byrd
EntityIndividual
Role
Chief Executive Officer
President
Shares12,000
Max PriceUS$63.53
BuyUS$870,22029 May 19
Koerner Capital
EntityCompany
Shares13,000
Max PriceUS$66.94
SellUS$452,59328 May 19
Harry Barton
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares6,812
Max PriceUS$66.82
BuyUS$337,28418 Mar 19
Angus Cooper
EntityIndividual
Shares5,000
Max PriceUS$67.46
SellUS$36,87812 Mar 19
Michael Price
EntityIndividual
Role
Chief Accounting Officer
Executive VP
Shares551
Max PriceUS$66.93
BuyUS$67,00311 Mar 19
Rick Maples
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$67.00
SellUS$68,84315 Feb 19
Haddon Mackie
EntityIndividual
Shares1,000
Max PriceUS$68.84
SellUS$68,52713 Feb 19
Haddon Mackie
EntityIndividual
Shares1,000
Max PriceUS$68.53
SellUS$67,63111 Feb 19
Haddon Mackie
EntityIndividual
Shares1,000
Max PriceUS$67.63
SellUS$131,93406 Feb 19
Haddon Mackie
EntityIndividual
Shares2,000
Max PriceUS$65.97
SellUS$65,45904 Feb 19
Haddon Mackie
EntityIndividual
Shares1,000
Max PriceUS$65.46
SellUS$451,16301 Feb 19
Anthony Restel
EntityIndividual
Role
Chief Financial Officer
Vice Chairman & CFO
Shares7,000
Max PriceUS$64.45
BuyUS$165,41329 Jan 19
Rick Maples
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$66.17

Ownership Breakdown


Management Team

  • Daryl Byrd (64yo)

    President

    • Tenure: 19.3yrs
    • Compensation: US$5.29m
  • Jeff Parker (66yo)

    Vice Chairman and Director of Capital Markets

    • Tenure: 0yrs
    • Compensation: US$1.66m
  • Anthony Restel (49yo)

    Vice Chairman & CFO

    • Tenure: 14.7yrs
    • Compensation: US$1.90m
  • Beth Ardoin (50yo)

    Senior EVP

    • Tenure: 6.7yrs
    • Compensation: US$2.32m
  • Terry Akins (55yo)

    Senior EVP & Chief Risk Officer

    • Tenure: 0yrs
  • Rob Worley (59yo)

    Executive VP

    • Tenure: 8.4yrs
  • Michael Brown (55yo)

    Vice Chairman & COO

    • Tenure: 10.1yrs
    • Compensation: US$2.16m
  • Michael Price (41yo)

    Executive VP

    • Tenure: 7.3yrs
  • Joyce Schenewerk

    Senior Vice President

    • Tenure: 0yrs
  • Fernando Perez-Hickman (52yo)

    Vice Chairman & Director of Corporate Strategy

    • Tenure: 2.2yrs
    • Compensation: US$2.42m

Board Members

  • Bill Fenstermaker (70yo)

    Chairman of the Board

    • Tenure: 20.8yrs
    • Compensation: US$193.84k
  • Daryl Byrd (64yo)

    President

    • Tenure: 19.3yrs
    • Compensation: US$5.29m
  • Johnny Koerner (76yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$166.84k
  • Harry Barton (64yo)

    Independent Director

    • Tenure: 24.9yrs
    • Compensation: US$176.84k
  • Topper Breaux (74yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$174.34k
  • E. Shea (67yo)

    Vice Chairman of the Board

    • Tenure: 17.8yrs
    • Compensation: US$174.34k
  • John Casbon (70yo)

    Independent Director

    • Tenure: 18.8yrs
    • Compensation: US$174.34k
  • Rick Maples (60yo)

    Independent Director

    • Tenure: 3.4yrs
    • Compensation: US$174.34k
  • Howard Gaines (79yo)

    Advisory Board Member - New Orleans

    • Tenure: 0yrs
  • Paul Flower

    Advisory Board Member

    • Tenure: 1.8yrs

Company Information

IBERIABANK Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: IBERIABANK Corporation
  • Ticker: ISK
  • Exchange: DB
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.889b
  • Listing Market Cap: US$3.497b
  • Shares outstanding: 52.27m
  • Website: https://www.iberiabank.com

Number of Employees


Location

  • IBERIABANK Corporation
  • 200 West Congress Street
  • Lafayette
  • Louisiana
  • 70501
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IBKCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1995
ISKDB (Deutsche Boerse AG)YesCommon StockDEEURApr 1995
IBKC.PNasdaqGS (Nasdaq Global Select)SHS PFD SR B%USUSDJul 2015
IBKC.ONasdaqGS (Nasdaq Global Select)DSHS 1/400 PFDUSUSDMay 2016
IBKC.NNasdaqGS (Nasdaq Global Select)6.10% CUM PFD DUSUSDMar 2019

Biography

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. It offers various commercial, consumer, mortgag ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/23 21:10
End of Day Share Price2019/10/23 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.