NasdaqGS:IBKC.P

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

-1.0%

IBKC.P

1.2%

US Banks

0.6%

US Market


1 Year Return

5.8%

IBKC.P

0.03%

US Banks

6.2%

US Market

Return vs Industry: IBKC.P exceeded the US Banks industry which returned 0% over the past year.

Return vs Market: IBKC.P matched the US Market which returned 6.2% over the past year.


Share holder returns

IBKC.PIndustryMarket
7 Day-1.0%1.2%0.6%
30 Day2.4%-2.2%-1.8%
90 Day-0.3%-0.06%-2.0%
1 Year12.4%5.8%2.9%0.03%8.6%6.2%
3 Year23.8%3.3%51.4%40.9%45.7%36.3%
5 Yearn/a70.7%52.1%68.5%50.0%

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?

30%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: IBKC.P ($28.22) is trading below our estimate of fair value ($40.21)

Significantly Undervalued: IBKC.P is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: IBKC.P is good value based on its PE Ratio (9.7x) compared to the Banks industry average (12.5x).

PE vs Market: IBKC.P is good value based on its PE Ratio (9.7x) compared to the US market (17.5x).


Price Based on Expected Growth

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


Price Based on Value of Assets

PB vs Industry: IBKC.P is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is IBERIABANK expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

-2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: IBKC.P's earnings are forecast to decline over the next 3 years (-2.7% per year).

Earnings vs Market: IBKC.P's earnings are forecast to decline over the next 3 years (-2.7% per year).

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

Revenue vs Market: IBKC.P's revenue (2.9% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: IBKC.P's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: IBKC.P's Return on Equity is forecast to be low in 3 years time (9.9%).


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

Earnings Trend: IBKC.P's earnings have grown significantly by 26.5% per year over the past 5 years.

Accelerating Growth: IBKC.P's earnings growth over the past year (150.5%) exceeds its 5-year average (26.5% per year).

Earnings vs Industry: IBKC.P earnings growth over the past year (150.5%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: IBKC.P's Return on Equity (10.2%) is considered low.


Return on Assets

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


Return on Capital Employed

ROCE Improving: Insufficient data to calculate IBKC.P'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: IBKC.P has a low level of unsold assets or inventory.

Debt Coverage by Assets: IBKC.P's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: IBKC.P has an appropriate level of bad loans (0.68%)


Next Steps

Dividend

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

2.47%

Expected Dividend Yield


Dividend Yield vs Market

company2.4%marketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Years2.5%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: IBKC.P's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: IBKC.P's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (21.5%), IBKC.P's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IBKC.P's dividends in 3 years are forecast to be well covered by earnings (26.8% 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 ($USD5.29M) is about average for companies of similar size in the US market ($USD5.11M).

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: IBKC.P'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: IBKC.P's board of directors are seasoned and experienced ( 18.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


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 (51yo)

    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)

    Director

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

    Director

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

    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)

    Director

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

    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: IBKC.P
  • Exchange: NasdaqGS
  • Founded: 1887
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$3.923b
  • 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 Analysis2019/10/12 01:18
End of Day Share Price2019/10/11 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.

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