Content area
Full Text
IBERIABANK Corp. CFO Anthony Restel on July 27 provided additional detail on the declining yield on assets covered by loss-sharing agreements, which weighed on the company's second-quarter earnings.
IBERIABANK's second-quarter earnings declined to 18 cents a share from 33 cents a share a year earlier, largely due to a series of one-time items.
In the second quarter, the company recorded acquisition and conversion costs totaling 15 cents per share; provided 9 cents per share for potential loan losses related to organic growth; took a 6-cents-per-share hit related to the proposed settlement of two class-action lawsuits; and recorded...