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Iberiabank Corp. in Lafayette, La., will enter the Atlanta market, agreeing to buy Georgia Commerce Bancshares.
December 8 -
Texas Capital Bancshares in Dallas reported just a modest uptick in third-quarter profits as higher compensation costs and deposit insurance assessments largely offset strong loan growth.
October 22 -
Regions Financial in Birmingham, Ala., reported gains in loans and overall revenues in the third quarter, but its net income declined from the same period last year due to increases in its premium for federal deposit insurance and provision for loan losses.
October 20
Iberiabank in Lafayette, La., reported higher third-quarter earnings on loan growth and because of an acquisition.
The $19.5 billion-asset company said net income rose 38% to $42.5 million, from a year earlier. Earnings per share rose 12% to $1.03, missing the average estimate of analysts polled by Bloomberg by 1 cent.
Net interest income rose 6.5% to $155.1 million. Total loans rose 27% to $14.1 billion. The net interest margin widened 1 basis point to 3.50%.
Noninterest income rose 22% to $57.5 million, on higher mortgage banking and title revenue.
Noninterest expense rose 21% to $145 million, on increased salaries and occupancy expense. The efficiency ratio improved 2.9 percentage points to 68.2%.
Iberiabank in June closed its acquisition of
