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IBKC

Iberiabank

$78.40

1.15 (1.49%)

18:57
04/19/18
04/19
18:57
04/19/18
18:57

Iberiabank targets core EPS growth of at least 10% by end of 2020

Iberiabank announced its 2020 Strategic Goals. The 2020 Strategic Goals provide financial and operating targets for company performance to be achieved by the end of 2020. Daryl G. Byrd, President and Chief Executive Officer, commented, "We are pleased to announce our 2020 Strategic Goals to both shareholders and the investment community. Over the past few years, our Company has undergone significant change, increasing our Southeastern presence through strong organic growth and opportunistic, accretive acquisitions. Our Company has grown from $15.8 billion in 2014 to $29.5 billion in total assets and now includes over 300 offices in 12 states. IBERIABANK operates a unique, market-centric business model in some of the most dynamic markets in the country. We continue to provide best-in-class service and an exceptional value proposition to our clients while providing an attractive career path for our associates. I believe our 2020 Strategic Goals not only reflect the strength of our business today, but also confidence in our ability to capitalize on the opportunities we see in our markets. Our overarching theme of Sustainable, Profitable Growth reflects our view that a balanced approach to growth, efficiency, and risk management will produce outstanding operating results." The company is targeting core EPS growth of at least 10%, core ROA of at least 1.3%, core return on average tangible common equity of at least 15%, and core tangible efficiency ratio of less than 55% by the end of 2020.

  • 20

    Apr

  • 09

    May

IBKC Iberiabank
$78.40

1.15 (1.49%)

10/25/17
RHCO
10/25/17
NO CHANGE
Target $80
RHCO
Hold
Iberiabank price target lowered to $80 from $90 at SunTrust
SunTrust analyst Jennifer Demba lowered her price target on Iberiabank to $80 and kept her Hold rating following Q3 results. Demba says the announced acquisition of Gibraltar Private Bank is low risk in nature, but results may be noisy over the next few quarters and NYC expansion could generate some added expenses.
11/28/17
RHCO
11/28/17
UPGRADE
RHCO
Buy
Iberiabank upgraded to Buy from Hold at SunTrust
11/28/17
RHCO
11/28/17
UPGRADE
Target $85
RHCO
Buy
Iberiabank upgraded to Buy at SunTrust on 'compelling valuation'
As reported earlier, SunTrust analyst Jennifer Demba upgraded Iberiabank to Buy from Hold and raised her price target to $85 from $80. Demba says that the management is now more focused on improving return-on-average-assets following a substantial Q3 earnings miss. The analyst adds that December's outlook for FY18 may include more cost saving plans while added storm provisioning provides additional credit cost cushion. Demba also notes "compelling valuation" for Iberiabank, which trades at 12.8-times FY18 EPS consensus versus a peer median of 15.1-times.
12/20/17
RAJA
12/20/17
DOWNGRADE
RAJA
Outperform
Iberiabank downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst Michael Rose downgrade Iberiabank to Outperform and lowered its price target to $88 from $98 following a softer than expected 2018 revenue outlook, implying notably lower pre-tax income versus his model.

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