Vmbook Online ordering

Regional Southeast Banks

Iberiabank Corp (IBKC) is a publicly-traded company listed on the NASDAQ stock exchange under the ticker symbol "IBKC". The company is a financial holding company that provides a range of financial services, including retail and commercial banking, wealth management, and mortgage banking. Iberiabank Corp operates in several states including Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida.

In terms of financials, Iberiabank Corp had total assets of $30.18 billion, loans of $21.44 billion, and deposits of $21.89 billion as of December 31, 23. The company has consistently delivered strong earnings growth over the past few years, with net income of $508.3 million in 2022, up from $460.4 million in 2020.

Regarding growth, Iberiabank Corp has a long-term track record of growth through acquisitions and organic expansion. The company has completed several acquisitions over the years, including the acquisition of Sabine State Bank in 2018 and the acquisition of First Federal Bank of Louisiana in 2022. Additionally, Iberiabank Corp has expanded its presence in new markets, including the entry into the Florida market in 2022 with the opening of a corporate office in Tampa.

Another important aspect to consider when evaluating Iberiabank Corp is its valuation. As of March 10, 2023, the stock was trading at $84.83 per share, with a market capitalization of $4.3 billion. The company's price-to-earnings (P/E) ratio is currently 12.34, which is relatively low compared to its peers. This suggests that the stock may be undervalued, and there could be an opportunity for upside growth.

Iberiabank Corp also pays a dividend to its shareholders. The company has consistently paid dividends since 1988 and has increased its dividend payout for 26 consecutive years. The current dividend yield is 2.44%, which is slightly higher than the industry average.

Overall, Iberiabank Corp appears to be a fundamentally strong company with a solid track record of earnings growth, acquisitions, and organic growth. Its strong balance sheet and diversified portfolio of loans and deposits suggest that it is well-positioned for future growth. However, it is always important to conduct thorough research and consider various factors before making any investment decisions.