IBERIABANK Corp IBKCP Income Statement

Iberiabank corp (IBKCP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest and dividend income
Loans and leases, including fees
1,160,919	1,086,662	802,947	663,036	606,966	526,706	488,936	513,936	436,172	353,228	220,282
Mortgage loans held for sale, including fees
6,710	3,748	4,679	6,564	6,164	5,153	5,108	5,318	3,479	3,945	3,450
Taxable securities
117,428	107,137	87,359	52,150	47,380	38,815	31,562	33,890	44,760	44,936	38,487
Tax-exempt securities
8,358	10,634	8,835	7,004	5,785	5,862	6,668	7,375	5,956	4,471	4,220
Other
16,593	13,448	9,963	4,208	4,063	2,896	2,772	2,781	2,046	2,815	1,160
Amortization of FDIC loss share receivable
-	-	-	16,023	23,500	74,617	97,849	118,100	72,086	13,024	2,788
Total interest and dividend income
1,310,008	1,221,629	913,783	716,939	646,858	504,815	437,197	445,200	420,327	396,371	270,387
Interest expense
NOW and MMDA
-	-	-	32,396	27,226	18,483	18,933	23,936	28,914	43,247	25,333
Savings
-	-	-	1,145	740	325	309	573	656	1,542	1,161
Time deposits
-	-	-	18,040	19,137	14,282	16,604	24,855	40,984	50,968	49,189
Deposits
267,227	160,952	79,833	-	-	-	-	-	-	-	-
Short-term borrowings
15,739	14,682	7,557	2,452	797	1,364	490	650	577	814	1,328
Long-term debt
37,396	32,747	17,547	13,668	11,200	10,250	10,617	13,436	10,938	18,173	20,591
Total interest expense
320,362	208,381	104,937	67,701	59,100	44,704	46,953	63,450	82,069	114,744	97,602
Net interest income
989,646	1,013,248	808,846	649,238	587,758	460,111	390,244	381,750	338,258	281,627	172,785
Provision for expected credit losses
41,657	40,385	51,708	41,521	30,908	19,060	5,145	20,671	25,867	42,451	45,370
Net interest income after provision for expected credit losses
947,989	972,863	757,138	607,717	556,850	441,051	385,099	361,079	312,391	239,176	127,415
Non-interest income
(Losses) gains on swaps
-	-	-	-	-	-	-	-	-	-	202
Net cash settlements on swaps
-	-	-	-	-	-	-	-	-	-	-326
Gain on sale of assets
-	-	-	-	-	-	-	-	943	-76	-644
Gain on acquisition
-	-	-	-	-	-	-	-	-	3,781	238,893
Gain on sale of loans, net
-	-	-	-	-	-	-	-	-	-	35,108
Derivative losses reclassified from other comprehensive income
-	-	-	-	-	-	-	-1,618	-1,723	1,643	-
Gain (Loss) on Sale of Investments
-979	-49,900	-148	2,001	1,575	771	2,277	3,739	3,422	5,172	6,736
Other non-interest income
19,945	15,896	18,004	32,697	30,866	18,998	23,597	21,880	15,549	15,444	7,647
Total non-interest income
234,360	152,562	202,147	227,717	220,393	173,628	168,958	175,997	131,859	133,890	344,537
Non-interest expense
Salaries and employee benefits
411,869	414,741	379,527	331,686	322,586	259,086	244,984	233,777	193,773	161,482	114,379
Net occupancy and equipment
79,773	77,246	70,663	65,797	68,541	59,571	58,037	54,672	49,600	33,837	24,337
Impairment of FDIC loss share receivables and other long-lived assets
-	-	-	-	-	-	37,893	2,902	-	-	-
Franchise and shares tax
-	-	-	-	-	-	-	-	4,243	2,718	3,242
Communication and delivery
14,578	15,951	14,252	12,383	13,506	12,029	12,024	12,671	11,510	9,643	6,522
Marketing and business development
14,161	18,371	13,999	12,332	13,176	11,707	10,143	12,546	9,754	6,288	5,640
Computer services expense
38,108	39,680	36,790	25,091	34,424	27,249	17,853	15,590	14,531	12,133	6,922
Professional services
33,284	28,698	48,545	19,153	22,368	18,975	18,217	21,095	15,085	13,473	8,164
Costs of OREO property, net
-	-	-	-	-	-	1,943	6,352	10,029	3,201	-
Credit and other loan-related expense
14,448	19,088	18,411	13,840	16,653	13,692	15,853	18,095	15,348	12,729	-
Insurance
17,365	25,274	21,815	17,270	16,670	14,359	11,272	10,771	10,022	12,469	-
(Gain) loss on early termination of FDIC loss share agreements
-	-	-	-17,798	0	0	-	-	-	-	-
Travel and entertainment
10,432	10,035	11,287	8,481	9,525	9,033	8,126	9,563	7,615	6,974	-
Office supplies and printing
-	-	-	-	-	-	-	-	3,298	2,987	2,411
Amortization of acquisition intangibles
18,464	21,678	12,590	8,415	7,811	-	4,720	5,150	5,121	4,935	2,893
Impairment of long-lived assets and other losses
925	27,780	12,246	6,111	12,116	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	9,681
Other non-interest expense
29,349	24,356	26,281	25,107	32,929	47,913	31,731	29,001	23,802	21,380	39,069
Total non-interest expense
682,756	722,898	666,406	563,464	570,305	473,614	472,796	432,185	373,731	304,249	223,260
Income before income tax expense
499,593	402,527	292,879	271,970	206,938	141,065	81,261	104,891	70,519	68,817	248,692
Income tax expense
115,438	32,278	150,466	85,193	64,094	35,683	16,133	28,496	16,981	19,991	90,338
Net income
384,155	370,249	142,413	186,777	142,844	105,382	65,128	76,395	53,538	48,826	158,354
Less: Preferred stock dividends
12,602	9,095	9,095	7,977	0	0	-	-	-	-	3,350
Net income available to common shareholders
371,553	361,154	133,318	178,800	142,844	105,382	65,128	76,395	53,538	48,826	155,004
Less: Earnings allocated to unvested restricted stock
3,559	3,583	1,210	1,872	1,680	1,651	1,205	1,437	967	971	-3,910
Earnings allocated to common shareholders
367,994	357,571	132,108	176,928	141,164	103,731	63,923	74,958	52,571	47,855	151,094
Earnings per common share - Basic (in usd per share)
6.97	6.50	2.61	4.32	3.69	3.31	2.20	2.59	1.88	1.90	8.49
Earnings per common share - Diluted (in usd per share)
6.92	6.46	2.59	4.30	3.68	3.30	2.20	2.59	1.87	1.88	8.41
Cash dividends declared per common share (in usd per share)
1.76	1.56	1.46	1.40	1.36	1.36	1.36	1.36	1.36	1.36	1.36
Comprehensive income
Net Income (Loss) Attributable to Parent
384,155	370,249	142,413	186,777	142,844	105,382	65,128	76,395	53,538	48,826	158,354
Other comprehensive income (loss), net of tax:
Unrealized holding gains arising during the period (net of tax effects of $17,342 and $10,675, respectively)
85,308	-40,895	-11,596	-22,771	-8,124	24,517	-40,362	2,174	36,328	-2,103	-
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $242, $10,479, and $52, respectively)
-737	-39,421	-96	1,301	1,024	501	1,480	-	-	-	-
Unrealized gains on securities, net of tax
86,045	-1,474	-11,500	-24,072	-9,148	24,016	-41,842	-1,565	32,397	-7,792	-
Fair value of derivative instruments designated as cash flow hedges:
Change in fair value of derivative instruments designated as cash flow hedges during the period (net of tax effects of $3,209 and $471, respectively)
1,078	4,416	-611	-328	38	0	619	-22	-19,078	-5,751	-
Less: Reclassification adjustment for gains (losses) included in net income (net of tax effects of $136 and $75, respectively)
-388	-196	-390	50	0	0	-255	3,739	3,422	-5,172	-
Fair value of derivative instruments designated as cash flow hedges, net of tax
1,466	4,612	-221	-378	38	0	874	1,596	-17,355	-4,108	-
Other than temporary impairment realized in net income
-	-	-	-	-	-	-	-	509	517	-
Reclassification adjustment for losses included in net income
-	-	-	-	-	-	-	-1,618	-1,723	1,643	-
Other comprehensive income (loss), before tax
-	-	-	-	-	-	-	31	15,042	-11,900	-
Income tax expense (benefit) related to items of other comprehensive (loss) income
-	-	-	-	-	-	-	11	5,265	4,164	-
Other comprehensive income (loss), net of tax
87,511	3,138	-11,721	-24,450	-9,110	24,016	-40,968	20	9,777	-7,736	-
Comprehensive income
471,666	373,387	130,692	162,327	133,734	129,398	24,160	76,415	63,315	41,090	-
Mortgage income
Non-interest income
63,030	46,424	63,570	83,853	80,662	51,797	64,197	78,053	45,177	48,007	-
Service charges on deposit accounts
Non-interest income
51,836	52,803	47,678	44,135	42,197	35,573	28,871	26,852	25,915	24,375	22,986
Title revenue
Non-interest income
25,928	24,149	21,972	22,213	22,837	20,492	20,526	20,987	18,048	18,083	18,476
Commission income
Non-interest income
16,937	8,869	6,020	-	-	-	-	-	-	-	-
Broker commissions
Non-interest income
8,280	9,195	9,161	14,391	17,592	18,783	16,333	13,446	10,224	7,530	4,592
ATM and debit card fee income
Non-interest income
11,871	10,295	10,199	10,008	13,989	12,023	9,510	8,978	11,008	10,117	7,975
Credit card and merchant-related income
Non-interest income
13,260	12,540	10,904	11,245	10,675	9,718	-	-	-	-	-
Trust department income
Non-interest income
17,058	15,981	9,705	7,174	-	-	-	-	-	-	-
Income from bank owned life insurance
Revenue from Contract with Customer, Excluding Assessed Tax
7,194	6,310	5,082	-	-	5,473	3,647	3,680	3,296	3,100	2,892