NasdaqGS:IBKC.O

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

-0.2%

NasdaqGS:IBKC.O

3.3%

US Banks

2.1%

US Market


1 Year Return

1.9%

NasdaqGS:IBKC.O

-13.8%

US Banks

-0.04%

US Market

IBKC.O outperformed the Banks industry which returned -14.8% over the past year.

IBKC.O outperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

IBKC.OIndustryMarket
7 Day-0.2%3.3%2.1%
30 Day-1.6%-7.0%-3.2%
90 Day3.4%-2.3%2.8%
1 Year8.4%1.9%-11.3%-13.8%2.2%-0.04%
3 Year22.1%1.7%42.5%32.7%41.5%32.3%
5 Yearn/a54.2%37.6%55.0%37.8%

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 based on future cash flows and its price relative to the stock market?

35%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

IBERIABANK's share price is below the future cash flow value, and at a moderate discount (> 20%).

IBERIABANK's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

IBERIABANK is good value based on earnings compared to the US Banks industry average.

IBERIABANK is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

IBERIABANK earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

IBERIABANK is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is IBERIABANK expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

IBERIABANK's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).

IBERIABANK's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

IBERIABANK's revenue growth is positive but not above the United States of America market average.

IBERIABANK's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

IBERIABANK's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

IBERIABANK is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has IBERIABANK performed over the past 5 years?

26.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

IBERIABANK has delivered over 20% year on year earnings growth in the past 5 years.

IBERIABANK's 1-year earnings growth exceeds its 5-year average (150.5% vs 26.5%)

IBERIABANK's earnings growth has exceeded the US Banks industry average in the past year (150.5% vs 33.2%).


Return on Equity

IBERIABANK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

IBERIABANK used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if IBERIABANK improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

IBERIABANK has an acceptable proportion of non-loan assets held.

IBERIABANK has a low allowance for bad loans.

IBERIABANK's liabilities are made up of primarily low risk sources of funding.

IBERIABANK's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at IBERIABANK are broadly funded by customer deposits.

IBERIABANK has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

2.61%

Expected Dividend Yield


Dividend Yield and Payments Analysis

IBERIABANK's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

IBERIABANK's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (4.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.8x coverage).


Next Steps

Management

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

8.3yrs

Average management tenure


CEO

Daryl Byrd (64yo)

19.1yrs

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

Daryl's remuneration is about average for companies of similar size in United States of America.

Daryl's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.3yrs

Average Tenure

55yo

Average Age

The average tenure for the IBERIABANK management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

18.6yrs

Average Tenure

70yo

Average Age

The average tenure for the IBERIABANK board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Daryl Byrd (64yo)

    President

    • Tenure: 19.1yrs
    • Compensation: US$5.29m
  • Jeff Parker (66yo)

    Vice Chairman and Director of Capital Markets

    • Tenure: 0.0yrs
    • Compensation: US$1.66m
  • Anthony Restel (49yo)

    Vice Chairman & CFO

    • Tenure: 14.5yrs
    • Compensation: US$1.90m
  • Beth Ardoin (50yo)

    Senior EVP and Director of Communications

    • Tenure: 6.5yrs
    • Compensation: US$2.32m
  • Terry Akins (55yo)

    Senior EVP & Chief Risk Officer

    • Tenure: 0.0yrs
  • Rob Worley (59yo)

    Executive VP

    • Tenure: 8.3yrs
  • Michael Brown (55yo)

    Vice Chairman & COO

    • Tenure: 9.9yrs
    • Compensation: US$2.16m
  • Michael Price (41yo)

    Executive VP

    • Tenure: 7.2yrs
  • Joyce Schenewerk

    Senior Vice President

    • Tenure: 0.0yrs
  • Fernando Perez-Hickman (51yo)

    Vice Chairman & Director of Corporate Strategy

    • Tenure: 2.0yrs
    • Compensation: US$2.42m

Board Members

  • Bill Fenstermaker (70yo)

    Chairman of the Board

    • Tenure: 20.6yrs
    • Compensation: US$193.84k
  • Daryl Byrd (64yo)

    President

    • Tenure: 19.1yrs
    • Compensation: US$5.29m
  • Johnny Koerner (76yo)

    Director

    • Tenure: 7.5yrs
    • Compensation: US$166.84k
  • Harry Barton (64yo)

    Director

    • Tenure: 24.8yrs
    • Compensation: US$176.84k
  • Topper Breaux (74yo)

    Director

    • Tenure: 20.6yrs
    • Compensation: US$174.34k
  • E. Shea (67yo)

    Vice Chairman of the Board

    • Tenure: 17.6yrs
    • Compensation: US$174.34k
  • John Casbon (70yo)

    Director

    • Tenure: 18.6yrs
    • Compensation: US$174.34k
  • Rick Maples (60yo)

    Director

    • Tenure: 3.3yrs
    • Compensation: US$174.34k
  • Howard Gaines (79yo)

    Advisory Board Member - New Orleans

    • Tenure: 0.0yrs
  • Paul Flower

    Advisory Board Member

    • Tenure: 1.7yrs

Company Information

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


Key Information

  • Name: IBERIABANK Corporation
  • Ticker: IBKC.O
  • Exchange: NasdaqGS
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.690b
  • Shares outstanding: 52.66m
  • 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 Analysis2019/08/23 00:45
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
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.