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.