IBERIABANK Corporation Reports Improved Credit Quality (PR Newswire)

LAFAYETTE, La., July 22 /PRNewswire-FirstCall/ -- IBERIABANK Corporation (Nasdaq: IBKC - News), the holding company of the 121-year-old IBERIABANK and Pulaski Bank and Trust Company , announced earnings of $9.5 million for the quarter ended June 30, 2008, down 5% compared to the same period in 2007 and down 29% compared to the first quarter of 2008 ("linked quarter basis"). In the second quarter of 2008, the Company reported fully diluted earnings per share ("EPS") of $0.74, down 4% compared to $0.78 in the same quarter of 2007, and down 29% on a linked quarter basis. The second quarter 2008 results included a negative impact associated with the acquisition of certain assets and liabilities of ANB Financial ("ANB"). ANB had a pre-tax $1.1 million negative impact in the second quarter of 2008, or $0.05 per share on an... [read full story]