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IBERIABANK

Nasdaq:IBKC
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IBKC
Nasdaq
$4B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

IBERIABANK Corporation operates as the holding company for IBERIABANK that provides commercial and retail banking products and services in the United States. The last earnings update was 9 days ago. More info.


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IBKC Share Price and Events
7 Day Returns
-2.7%
NasdaqGS:IBKC
-5.2%
US Banks
-3.1%
US Market
1 Year Returns
-18.6%
NasdaqGS:IBKC
-16.1%
US Banks
-1.7%
US Market
IBKC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IBERIABANK (IBKC) -2.7% -5.9% -9.3% -18.6% 4.7% 8.5%
US Banks -5.2% -7.8% -5.8% -16.1% 29.4% 33.3%
US Market -3.1% -5.3% -1.2% -1.7% 28.2% 35%
1 Year Return vs Industry and Market
  • IBKC underperformed the Banks industry which returned -16.1% over the past year.
  • IBKC underperformed the Market in United States of America which returned -1.7% over the past year.
Price Volatility
IBKC
Industry
5yr Volatility vs Market

IBKC Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of IBERIABANK to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for IBERIABANK.

NasdaqGS:IBKC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 9 analysts.
= Stable Book Value * Return on Equity
= $83.06 * 9.8%
$8.15
Book Value of Equity per Share Weighted future Book Value estimates from 8 analysts. $83.06
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:IBKC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.56
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.559 (1 + (1- 21%) (67.9%))
0.906
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.906 * 5.96%)
8.13%

Discounted Cash Flow Calculation for NasdaqGS:IBKC using Excess Returns Model Model

The calculations below outline how an intrinsic value for IBERIABANK is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:IBKC Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (9.8% – 8.13%) * $83.06)
$1.40
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.40 / (8.13% - 2.73%)
$25.95
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $83.06 + $25.95
$109.01
NasdaqGS:IBKC Discount to Share Price
Calculation Result
Value per share (USD) From above. $109.01
Current discount Discount to share price of $70.04
= -1 x ($70.04 - $109.01) / $109.01
35.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price IBERIABANK is available for.
Intrinsic value
36%
Share price is $70.04 vs Future cash flow value of $109.01
Current Discount Checks
For IBERIABANK to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for IBERIABANK's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IBERIABANK's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:IBKC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $7.71
NasdaqGS:IBKC Share Price ** NasdaqGS (2019-08-16) in USD $70.04
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.2x
United States of America Market PE Ratio Median Figure of 3,093 Publicly-Listed Companies 17.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of IBERIABANK.

NasdaqGS:IBKC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:IBKC Share Price ÷ EPS (both in USD)

= 70.04 ÷ 7.71

9.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does IBERIABANK's expected growth come at a high price?
Raw Data
NasdaqGS:IBKC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts
-1.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 272 Publicly-Listed Banks Companies 1.11x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

NasdaqGS:IBKC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.09x ÷ -1.8%

-4.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What value do investors place on IBERIABANK's assets?
Raw Data
NasdaqGS:IBKC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $75.93
NasdaqGS:IBKC Share Price * NasdaqGS (2019-08-16) in USD $70.04
United States of America Banks Industry PB Ratio Median Figure of 599 Publicly-Listed Banks Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,261 Publicly-Listed Companies 1.67x
NasdaqGS:IBKC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:IBKC Share Price ÷ Book Value per Share (both in USD)

= 70.04 ÷ 75.93

0.92x

* Primary Listing of IBERIABANK.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • IBERIABANK is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess IBERIABANK's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. IBERIABANK has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IBKC Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-1.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IBERIABANK expected to grow at an attractive rate?
  • IBERIABANK's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • 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 revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:IBKC Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:IBKC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 9 Analysts -1.8%
NasdaqGS:IBKC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 9 Analysts 3.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.6%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:IBKC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:IBKC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,323 390 1
2020-12-31 1,264 378 7
2019-12-31 1,242 384 7
NasdaqGS:IBKC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 1,136 565 420
2019-03-31 1,135 627 394
2018-12-31 1,115 446 358
2018-09-30 1,139 405 239
2018-06-30 1,087 362 168
2018-03-31 1,011 298 145
2017-12-31 952 264 132
2017-09-30 893 352 167
2017-06-30 858 409 185
2017-03-31 848 327 184
2016-12-31 836 308 177
2016-09-30 828 249 177

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IBERIABANK's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • IBERIABANK's revenue is expected to grow by 3.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:IBKC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below

All data from IBERIABANK Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IBKC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 7.66 7.66 7.66 1.00
2020-12-31 7.27 7.42 7.15 9.00
2019-12-31 7.15 7.26 7.04 9.00
NasdaqGS:IBKC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 7.71
2019-03-31 7.14
2018-12-31 6.50
2018-09-30 4.37
2018-06-30 3.11
2018-03-31 2.76
2017-12-31 2.61
2017-09-30 3.49
2017-06-30 4.13
2017-03-31 4.34
2016-12-31 4.32
2016-09-30 4.35

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • IBERIABANK is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess IBERIABANK's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
IBERIABANK has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IBKC Past Performance

  How has IBERIABANK performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare IBERIABANK's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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%).
Earnings and Revenue History
IBERIABANK's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from IBERIABANK Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:IBKC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 1,135.63 420.03 579.81
2019-03-31 1,134.57 393.79 586.07
2018-12-31 1,114.59 357.57 600.43
2018-09-30 1,139.21 238.92 591.14
2018-06-30 1,086.83 167.66 611.97
2018-03-31 1,011.21 144.96 581.11
2017-12-31 952.32 132.11 544.45
2017-09-30 892.84 166.70 520.74
2017-06-30 858.05 185.02 478.06
2017-03-31 848.37 183.72 476.28
2016-12-31 836.11 176.93 474.14
2016-09-30 827.67 177.06 477.09
2016-06-30 824.64 175.03 477.63
2016-03-31 802.50 156.10 485.60
2015-12-31 769.98 141.16 484.13
2015-09-30 742.40 132.67 462.46
2015-06-30 693.90 121.10 437.79
2015-03-31 646.01 106.60 418.14
2014-12-31 607.61 103.73 397.65
2014-09-30 581.16 93.47 388.08
2014-06-30 560.64 85.82 380.27
2014-03-31 550.76 85.13 363.76
2013-12-31 554.06 63.92 369.38
2013-09-30 562.08 61.53 373.94
2013-06-30 562.61 59.61 383.86
2013-03-31 551.42 56.64 373.79
2012-12-31 537.08 74.95 359.34
2012-09-30 515.35 69.23 345.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • IBERIABANK has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • IBERIABANK used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • 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.
X
Past performance checks
We assess IBERIABANK's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
IBERIABANK has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IBKC Health

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

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of IBERIABANK's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from IBERIABANK Company Filings, last reported 1 month ago.

NasdaqGS:IBKC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,238.00 2,384.87 897.06
2019-03-31 4,141.83 2,598.34 722.98
2018-12-31 4,056.28 2,671.16 717.50
2018-09-30 3,942.36 2,752.29 488.51
2018-06-30 3,913.41 2,531.43 740.30
2018-03-31 3,900.91 2,381.95 581.16
2017-12-31 3,696.79 2,512.29 656.99
2017-09-30 3,726.77 2,679.74 913.00
2017-06-30 3,503.24 1,279.86 502.26
2017-03-31 3,457.98 1,103.85 1,335.29
2016-12-31 2,939.69 1,168.30 1,402.28
2016-09-30 2,667.11 1,444.65 1,157.06
2016-06-30 2,637.60 1,517.98 766.90
2016-03-31 2,547.91 1,145.93 1,045.25
2015-12-31 2,498.84 692.07 540.75
2015-09-30 2,483.20 602.58 723.71
2015-06-30 2,365.28 635.87 931.72
2015-03-31 2,167.33 1,101.50 1,008.41
2014-12-31 1,852.15 1,280.35 581.00
2014-09-30 1,817.55 1,198.19 700.30
2014-06-30 1,799.31 1,438.06 708.86
2014-03-31 1,563.19 993.03 463.61
2013-12-31 1,530.98 987.78 414.77
2013-09-30 1,525.27 571.47 585.92
2013-06-30 1,504.76 599.19 382.58
2013-03-31 1,524.07 651.37 667.72
2012-12-31 1,529.87 763.31 1,015.42
2012-09-30 1,515.15 1,001.76 660.39
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • IBERIABANK has an acceptable proportion of non-loan assets held.
  • IBERIABANK's liabilities are made up of primarily low risk sources of funding.
  • Loans at IBERIABANK are broadly funded by customer deposits.
  • IBERIABANK's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • IBERIABANK has a low allowance for bad loans.
  • IBERIABANK has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess IBERIABANK's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. IBERIABANK has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IBKC Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.57%
Current annual income from IBERIABANK dividends. Estimated to be 2.61% next year.
If you bought $2,000 of IBERIABANK shares you are expected to receive $51 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • IBERIABANK's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.5%).
  • IBERIABANK's dividend is below the markets top 25% of dividend payers in United States of America (3.9%).
Upcoming dividend payment

Purchase IBERIABANK before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:IBKC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 9 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 480 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:IBKC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 2.08 1.00
2020-12-31 1.86 9.00
2019-12-31 1.76 9.00
NasdaqGS:IBKC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-17 1.800 2.433
2019-05-09 1.720 2.281
2019-03-19 1.720 2.277
2018-10-19 1.640 2.248
2018-08-02 1.560 1.870
2018-06-19 1.520 1.912
2018-03-20 1.520 1.929
2017-12-19 1.480 1.810
2017-09-19 1.480 1.927
2017-06-20 1.440 1.834
2017-03-20 1.440 1.822
2016-12-13 1.440 1.728
2016-09-12 1.440 1.998
2016-06-20 1.360 2.142
2016-03-15 1.360 2.416
2015-12-15 1.360 2.744
2015-09-14 1.360 2.259
2015-06-16 1.360 2.101
2015-03-17 1.360 2.111
2014-12-15 1.360 2.221
2014-09-16 1.360 2.087
2014-06-19 1.360 2.044
2014-03-18 1.360 2.070
2013-12-09 1.360 2.129
2013-09-17 1.360 2.361
2013-06-03 1.360 2.474
2013-03-19 1.360 2.782
2012-12-10 1.360 2.693
2012-09-18 1.360 2.876
2012-06-15 1.360 2.818
2012-03-21 1.360 2.695
2011-12-12 1.360 2.595
2011-09-13 1.360 2.792
2011-06-17 1.360 2.653
2011-03-11 1.360 2.341
2010-12-14 1.360 2.349
2010-09-15 1.360 2.618
2010-06-22 1.360 2.636
2010-03-16 1.360 2.317
2009-12-15 1.360 2.453
2009-09-23 1.360 2.847
2009-06-16 1.360 3.023
2009-03-17 1.360 2.947
2008-12-16 1.360 3.215
2008-09-16 1.360 2.726

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of IBERIABANK's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess IBERIABANK's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can IBERIABANK afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IBERIABANK has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IBKC Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Daryl Byrd
COMPENSATION $5,287,769
AGE 64
TENURE AS CEO 19.1 years
CEO Bio

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. Mr. Byrd began his banking career with Trust Company Bank of Georgia (now SunTrust) in 1980. In 1985, he moved from North Carolina having worked for BB&T - North Carolina, to Louisiana to lead commercial lending activities for First National Bank of Lafayette, a subsidiary of First Commerce Corporation. In 1990, Mr. Byrd was named President and CEO of Rapides Bank and Trust Company in Alexandria, another subsidiary bank of First Commerce Corporation. In 1992, he moved to First National Bank of Commerce, the lead bank for First Commerce Corporation, as Executive Vice President in charge of the commercial banking and mortgage banking groups. Following the First Commerce/Bank One merger, Mr. Byrd was named President and CEO of Bank One, Louisiana, New Orleans region. He joined Corporation and Bank in mid-1999. From January 2011 until December 2013, Mr. Byrd was the Federal Advisory Council Representative for the Sixth District of the Federal Reserve System and a Member of the Federal Advisory Council, which is composed of 12 Representatives of the banking industry and consults with and advises the Board of Governors of the Federal Reserve System on matters within the Board’s jurisdiction. Some of Mr. Byrd’s community and civic affiliations include Greater New Orleans Foundation, Board member; Eaglebrook School—Deerfield, Massachusetts, Member Board of trustees; Louisiana Association of Business and Industry, Board Member; The Order of St. John, member; member; Tulane Business School Council, member; National WWII Museum, board; New Orleans Jazz Orchestra, board; New Orleans Museum of Art, board; The University of Alabama, Culverhouse College of Commerce, Board of Visitors, member; The University of Alabama Birmingham, Collat School of Business, Deans Advisory Council, member; Financial Services Roundtable, board, Mid-Sized Bank Group, board; and New Orleans Business Council, Board member. Mr. Byrd earned a Bachelor of Science degree in Business Administration from Samford University in 1976 and a Master of Business Administration degree from the University of Alabama at Birmingham in 1978.

CEO Compensation
  • Daryl's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Daryl's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the IBERIABANK management team in years:

8.3
Average Tenure
55
Average Age
  • The average tenure for the IBERIABANK management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Daryl Byrd

TITLE
President
COMPENSATION
$5M
AGE
64
TENURE
19.1 yrs

Anthony Restel

TITLE
Vice Chairman & CFO
COMPENSATION
$2M
AGE
49
TENURE
14.5 yrs

Michael Brown

TITLE
Vice Chairman & COO
COMPENSATION
$2M
AGE
55
TENURE
9.9 yrs

Jeff Parker

TITLE
Vice Chairman and Director of Capital Markets
COMPENSATION
$2M
AGE
66

Fernando Perez-Hickman

TITLE
Vice Chairman & Director of Corporate Strategy
COMPENSATION
$2M
AGE
51
TENURE
2 yrs

Michael Price

TITLE
Executive VP
AGE
41
TENURE
7.2 yrs

Rob Worley

TITLE
Executive VP
AGE
59
TENURE
8.3 yrs

Joyce Schenewerk

TITLE
Senior Vice President

Beth Ardoin

TITLE
Senior EVP and Director of Communications
COMPENSATION
$2M
AGE
50
TENURE
6.5 yrs

Terry Akins

TITLE
Senior EVP & Chief Risk Officer
AGE
55
Board of Directors Tenure

Average tenure and age of the IBERIABANK board of directors in years:

18.6
Average Tenure
70
Average Age
  • The average tenure for the IBERIABANK board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Bill Fenstermaker

TITLE
Chairman of the Board
COMPENSATION
$194K
AGE
70
TENURE
20.6 yrs

Daryl Byrd

TITLE
President
COMPENSATION
$5M
AGE
64
TENURE
20.6 yrs

E. Shea

TITLE
Vice Chairman of the Board
COMPENSATION
$174K
AGE
67
TENURE
17.6 yrs

Harry Barton

TITLE
Director
COMPENSATION
$177K
AGE
64
TENURE
24.8 yrs

Topper Breaux

TITLE
Director
COMPENSATION
$174K
AGE
74
TENURE
20.6 yrs

John Casbon

TITLE
Director
COMPENSATION
$174K
AGE
70
TENURE
18.6 yrs

Rick Maples

TITLE
Director
COMPENSATION
$174K
AGE
60
TENURE
3.3 yrs

Johnny Koerner

TITLE
Director
COMPENSATION
$167K
AGE
76
TENURE
7.5 yrs

Paul Flower

TITLE
Advisory Board Member
TENURE
1.7 yrs

Howard Gaines

TITLE
Advisory Board Member - New Orleans
AGE
79
Who owns this company?
Recent Insider Trading
  • IBERIABANK individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. May 19 Buy Koerner Capital Company 28. May 19 28. May 19 13,000 $74.81 $972,530
28. May 19 Sell Harry Barton Individual 23. May 19 24. May 19 -6,812 $74.89 $-507,277
18. Mar 19 Buy Angus Cooper Individual 14. Mar 19 14. Mar 19 5,000 $76.24 $381,198
12. Mar 19 Sell Michael Price Individual 11. Mar 19 11. Mar 19 -551 $75.17 $-41,417
11. Mar 19 Buy Rick Maples Individual 11. Mar 19 11. Mar 19 1,000 $75.25 $75,250
15. Feb 19 Sell Haddon Mackie Individual 15. Feb 19 15. Feb 19 -1,000 $77.61 $-77,614
13. Feb 19 Sell Haddon Mackie Individual 12. Feb 19 12. Feb 19 -1,000 $77.55 $-77,546
11. Feb 19 Sell Haddon Mackie Individual 11. Feb 19 11. Feb 19 -1,000 $76.29 $-76,290
06. Feb 19 Sell Haddon Mackie Individual 06. Feb 19 06. Feb 19 -2,000 $75.06 $-150,113
04. Feb 19 Sell Haddon Mackie Individual 04. Feb 19 04. Feb 19 -1,000 $74.82 $-74,819
01. Feb 19 Sell Anthony Restel Individual 01. Feb 19 01. Feb 19 -7,000 $74.01 $-518,042
29. Jan 19 Buy Rick Maples Individual 29. Jan 19 29. Jan 19 2,500 $75.60 $189,000
X
Management checks
We assess IBERIABANK's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. IBERIABANK has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IBKC News

Simply Wall St News

Is Now The Time To Put IBERIABANK (NASDAQ:IBKC) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it completely lacks a track record of revenue and profit. … As a result, I'm encouraged by the fact that insiders own IBERIABANK shares worth a considerable sum. … Although IBERIABANK certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

Why IBERIABANK Corporation (NASDAQ:IBKC) Could Be Worth Watching

Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. … According to my valuation, the intrinsic value for the stock is $105.97, but it is currently trading at US$75.14 on the share market, meaning that there is still an opportunity to buy now. … Although value investors would argue that it’s the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price.

Simply Wall St -

Can We See Significant Institutional Ownership On The IBERIABANK Corporation (NASDAQ:IBKC) Share Register?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … In the chart below below, we can see that institutions own shares in the company. … Check out our latest analysis for IBERIABANK NasdaqGS:IBKC Ownership Summary, July 5th 2019 What Does The Institutional Ownership Tell Us About IBERIABANK?

Simply Wall St -

Investors Who Bought IBERIABANK (NASDAQ:IBKC) Shares Three Years Ago Are Now Up 23%

For example, the IBERIABANK Corporation (NASDAQ:IBKC) share price return of 23% over three years lags the market return in the same period. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … NasdaqGS:IBKC Past and Future Earnings, June 17th 2019 We like that insiders have been buying shares in the last twelve months.

Simply Wall St -

What Kind Of Share Price Volatility Should You Expect For IBERIABANK Corporation (NASDAQ:IBKC)?

If you're interested in IBERIABANK Corporation (NASDAQ:IBKC), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … See our latest analysis for IBERIABANK What we can learn from IBKC's beta value Given that it has a beta of 1.55, we can surmise that the IBERIABANK share price has been fairly sensitive to market volatility (over the last 5 years).

Simply Wall St -

What Did IBERIABANK Corporation's (NASDAQ:IBKC) CEO Take Home Last Year?

Daryl Byrd has been the CEO of IBERIABANK Corporation (NASDAQ:IBKC) since 2000. … Check out our latest analysis for IBERIABANK How Does Daryl Byrd's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that IBERIABANK Corporation has a market cap of US$4.2b, and is paying total annual CEO compensation of US$5.3m.

Simply Wall St -

Does IBERIABANK Corporation's (NASDAQ:IBKC) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … IBERIABANK has a price to earnings ratio of 11.24, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Shareholders Are Loving IBERIABANK Corporation's (NASDAQ:IBKC) 2.2% Yield

Dividend paying stocks like IBERIABANK Corporation (NASDAQ:IBKC) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … It also bought back stock during the year, equivalent to approximately 3.5% of the company's market capitalisation at the time.

Simply Wall St -

Does IBERIABANK (NASDAQ:IBKC) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. … Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. … IBERIABANK maintained stable EBIT margins over the last year, all while growing revenue 17% to US$1.1b.

Simply Wall St -

What Kind Of Shareholders Own IBERIABANK Corporation (NASDAQ:IBKC)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Companies that used to be publicly owned tend to have lower insider ownership. … Taking a look at our data on the ownership groups (below), it's seems that.

Simply Wall St -

IBKC Company Info

Description

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, mortgage, and private banking products and services; cash management services; deposit and annuity products; and brokerage services, as well as sells variable annuities. The company also provides various title insurance and loan closing services; equity research, institutional sales and trading, and corporate finance services; and wealth management and trust advisory services to high net worth individuals, pension funds, corporations, and trusts, as well as invests in purchased tax credits. As of December 31, 2018, it operated 191 bank branch offices and 3 loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South Carolina, North Carolina, Mississippi, Missouri, and New York; 29 title insurance offices in Arkansas, Tennessee, and Louisiana; mortgage representative offices in 87 locations in 12 states; and 18 wealth management locations in 5 states. IBERIABANK Corporation was founded in 1887 and is headquartered in Lafayette, Louisiana.

Details
Name: IBERIABANK Corporation
IBKC
Exchange: NasdaqGS
Founded: 1887
$3,688,040,177
52,656,199
Website: http://www.iberiabank.com
Address: IBERIABANK Corporation
200 West Congress Street,
Lafayette,
Louisiana, 70501,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS IBKC Common Stock Nasdaq Global Select US USD 07. Apr 1995
DB ISK Common Stock Deutsche Boerse AG DE EUR 07. Apr 1995
NasdaqGS IBKC.P SHS PFD SR B% Nasdaq Global Select US USD 31. Jul 2015
NasdaqGS IBKC.O DSHS 1/400 PFD Nasdaq Global Select US USD 05. May 2016
NasdaqGS IBKC.N 6.10% CUM PFD D Nasdaq Global Select US USD 29. Mar 2019
Number of employees
Current staff
Staff numbers
3,418
IBERIABANK employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/16 23:38
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/07/23
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.