IBERIABANK Corporation (IBKC: Quote) Thursday reported a fourth-quarter net income attributable to common shareholders of $23 million, or $0.79 per share compared with $17.35 million, or $0.59 per share last year.
On an adjusted basis, profit totaled $0.80 per share. On average, ten analysts polled by Thomson Reuters expected the company to earn $0.80 per share for the quarter. Analysts’ estimates typically exclude special items.
Net interest income for the quarter rose to $99.9 million from $92.5 million, while the net interest margin declined to 3.55 percent from 3.62 percent in the prior year.
Meanwhile, loan loss provision in the fourth quarter was $5 million, up from $4.2 million last year.
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by RTT Staff Writer
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