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IBERIABANK CORP

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed May 8, 2020. Its latest SEC filing is a 13F-HR from Jul 29, 2020.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Provides commercial and consumer banking, mortgage and title services, and wealth management to consumers, businesses, and private banking clients.

How Did They Make Money?

The bank earns interest on loans and securities, while paying interest on deposits and borrowings. It also collects service charges and fees for deposit, brokerage, card, asset-management, and title services, typically after providing them.

FY2019 revenue

Who Were Their Customers?

Consumers, businesses, and private banking clients use IBERIABANK's branches and online services for banking, mortgage, and wealth management; residential and commercial customers use its title offices for title insurance and loan closings.

Did Revenues Turn Into Profits?

Yes. It kept 29 cents of every revenue dollar as net income in FY2019 and turned 42 cents into free cash flow.

Net income, FY2019
29% of revenue
▲ +4% vs FY2018 ($370.2M, 30%)
Free cash flow, FY2019
42% of revenue
▲ +26% vs FY2018 ($432.7M, 35%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Mar 31, 2020
Revenue
▼ −7%
vs $326.1M in Q1 FY2019
Net income
▼ −64%
vs $100.1M in Q1 FY2019
  • Jul 2, 2020 IBERIABANK merged into First Horizon IBERIABANK Corporation and its bank subsidiary ceased to exist as separate entities after the merger.

Grew. Revenue grew 2.0x in 4 years, from $646.9M in FY2015 to $1.3B in FY2019, about 19% a year.

Broader banking footprint The latest report adds banking locations in South Carolina, North Carolina, New York, Mississippi, and Missouri to the state footprint described in the older report.

Expanded title-service reach The latest report describes title services in Tennessee as well as Arkansas and Louisiana; the older report described title services in Arkansas and Louisiana.

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