IberiaBank posts higher quarterly earning

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News,Business

LAFAYETTE, La. (AP) — Lafayette-based IberiaBank Corp. reported fourth-quarter earnings rose to $25.6 million, or 86 cents per share, compared to $23.2 million, or 78 cents per share, a year ago.

IberiaBank said its results were helped by loan growth and a cost-reduction program.

For the year, IberiaBank's earnings slipped to $65.1 million, or $2.20 per share, compared to $76.4 million, or $2.54 per share. Stock analysts expected earnings of $2.16 per share for the year.

The Advocate reports (http://bit.ly/1iLLszd ) IberiaBank reported earnings after the markets closed. The company's stock closed Tuesday at $62.63, up 13 cents.

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Information from: The Advocate, http://theadvocate.com

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