IBERIABANK Corporation (IBKC) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 WEST CONGRESS STREET
LAFAYETTE, LA 70501
State of Incorp. LA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 896,671692,337625,7241,362,126510,267548,095
Cash and cash equivalents 894,723690,453625,7241,362,126510,267548,095
Short-term investments 1,9481,884    
Receivables 4,300208,0004,500   
Disposal group, including discontinued operation     166,247140,072
Total current assets: 900,971900,337630,2241,362,126676,514688,167
Noncurrent Assets
Operating lease, right-of-use asset 119,774
Property, plant and equipment 296,688300,507331,413306,373323,902307,159
Intangible assets, net (including goodwill) 1,312,7011,324,2691,277,464749,017755,123537,887
Goodwill 1,235,5331,235,5331,188,902726,856724,603517,526
Intangible assets, net (excluding goodwill) 77,16888,73688,56222,16130,52020,361
Total noncurrent assets: 1,729,1631,624,7761,608,8771,055,3901,079,025845,046
Other undisclosed assets 29,083,31628,307,90225,665,02819,241,67417,748,52914,225,392
TOTAL ASSETS: 31,713,45030,833,01527,904,12921,659,19019,504,06815,758,605
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 204,2081,482,882991,297509,136326,617845,742
Total current liabilities: 204,2081,482,882991,297509,136326,617845,742
Noncurrent Liabilities
Other undisclosed liabilities 27,172,50825,293,85623,216,04118,210,36016,678,61613,060,014
Total liabilities: 27,376,71626,776,73824,207,33818,719,49617,005,23313,905,756
Equity
Equity, attributable to parent 4,336,7344,056,2773,696,7912,939,6942,498,8351,852,849
Preferred stock 228,485132,097132,097132,09776,812 
Common stock 52,42054,79653,87244,79541,14035,263
Treasury stock, value      (85,846)
Additional paid in capital 2,688,2632,869,4162,787,4842,084,4461,797,9821,398,633
Accumulated other comprehensive income (loss) 44,761(42,750)(45,888)(26,035)(1,585)7,525
Retained earnings 1,322,8051,042,718769,226704,391584,486497,274
Total equity: 4,336,7344,056,2773,696,7912,939,6942,498,8351,852,849
TOTAL LIABILITIES AND EQUITY: 31,713,45030,833,01527,904,12921,659,19019,504,06815,758,605

Income Statement (P&L) ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 1,351,5301,249,7711,059,509896,136819,094753,211
Net investment income 1,286,7051,204,433899,141722,191660,131571,383
Financial services revenue160,368173,945158,963180,228
Cost of revenue (41,657)(40,385)(51,111)(44,424)(30,908)(19,060)
Provision for loan, lease, and other losses (41,657)(40,385)
Financial services costs(51,111)(44,424)(30,908)(19,060)
Gross profit: 1,309,8731,209,3861,008,398851,712788,186734,151
Operating expenses (226,165)(236,933)(611,854)(492,193)(515,561)(434,939)
Other operating income, net
(Noninterest Income, Other Operating Income)
 19,94531,07538,81134,62936,72528,716
Operating income: 1,103,6531,003,528435,355394,148309,350327,928
Nonoperating income (expense)  2,7081,651(9,608)6,19010,557
Investment income, nonoperating   1,6512,9491,834863
Gain (loss) on contract termination  2,708 (17,798)  
Gains on sales of other real estate      4,221
Bank owned life insurance income    5,2414,3565,473
Interest and debt expense (320,362)(208,381)(104,937)(67,701)(59,100)(44,704)
Other undisclosed loss from continuing operations before equity method investments, income taxes (283,698)(395,328)(39,190)(44,869)(49,502)(153,581)
Income from continuing operations before income taxes: 499,593402,527292,879271,970206,938140,200
Income tax expense (115,438)(32,278)(150,466)(85,193)(64,094)(34,750)
Income from continuing operations: 384,155370,249142,413186,777142,844105,450
Income before gain (loss) on sale of properties: 384,155370,249142,413186,777142,844105,450
Net income attributable to parent: 384,155370,249142,413186,777142,844105,450
Preferred stock dividends and other adjustments (12,602)(9,095)(9,095)(7,977)  
Net income available to common stockholders, basic: 371,553361,154133,318178,800142,844105,450
Other undisclosed net loss available to common stockholders, diluted (3,553)(3,632)(1,211)(1,909)(1,728)(1,685)
Net income available to common stockholders, diluted: 368,000357,522132,107176,891141,116103,765

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 384,155370,249142,413186,777142,844105,450
Other comprehensive income      24,016
Comprehensive income: 384,155370,249142,413186,777142,844129,466
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 87,5113,138(11,721)(24,450)(9,110) 
Comprehensive income, net of tax, attributable to parent: 471,666373,387130,692162,327133,734129,466

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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