IBERIABANK Corporation · Lafayette, LA United States ·(NASDAQ (GS): IBKC)
Company Description
Phone: 337-521-4012
Fax: 337-364-1171
Toll Free: 800-968-0801
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IBERIABANK Corporation is a financial services holding company with some 150 locations, including nearly 90 bank branches and about 25 title insurance offices, almost all of them in Louisiana and Arkansas. It also has 35 mortgage loan offices in eight states. Its primary bank subsidiary, IBERIABANK, offers passbook and NOW accounts, CDs, and IRAs and uses funds from deposits mainly to make loans. Business operating loans and commercial mortgages make up approximately 60% of a portfolio that also includes consumer loans (about 25%) and residential mortgages (almost 15%). Expanding headlong into Arkansas, IBERIABANK Corporation acquired Pulaski Investment Corporation and Pocahontas Bancorp in 2007. To read the full description, subscribe now.
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Key IBERIABANK Corporation Financials
| Company Type | Public - NASDAQ (GS): IBKC Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $229.6 |
| 2008 Employees | 1,356 |
IBERIABANK Corporation Executives
31 executives listed for IBERIABANK Corporation's Lafayette, LA location.
| Title | Name & Bio | Contact |
| Chairman | William Fenstermaker | Network |
| Vice Chairman | E. Stewart Shea | Network |
| President and CEO, IBERIABANK Corporation and IBERIABANK; Director | Daryl Byrd | Network |
Competition
Competitive Landscape for IBERIABANK Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top IBERIABANK Corporation Competitors
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