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4-Traders Homepage  >  Equities  >  Nasdaq  >  IBERIABANK Corp    IBKC

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IberiaBank : creates regional headquarters in Hoover, Alabama

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11/11/2017 | 12:16am CET

Nov. 10--Lafayette-based IberiaBank is creating a regional headquarters in Hoover, Alabama, that will eventually house more than 450 employees.

IberiaBank has outgrown its Birmingham location and will move the 225 employees who work there to an existing 130,000-square-foot office building in Hoover, according to bank officials. The company also plans to consolidate more than 225 jobs from throughout the Southeast to Hoover. None of those positions will come from Louisiana, officials said. The other states IberiaBank operates in are Arkansas, Tennessee, Alabama, Texas, Florida, Georgia and South Carolina.

The new facility will accommodate a number of support workers and expand the substantial operations office that was in Birmingham, said spokeswoman Beth Ardoin.

IberiaBank operates in 11 of the Top 15 metro areas in the Southeast, including Birmingham; Jacksonville, Miami, Tampa and Orlando in Florida; and New Orleans.

___

(c)2017 The Advocate, Baton Rouge, La.

Visit The Advocate, Baton Rouge, La. at www.theadvocate.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 1 023 M
EBIT 2017 391 M
Net income 2017 184 M
Debt 2017 -
Yield 2017 1,96%
P/E ratio 2017 20,74
P/E ratio 2018 13,88
Capi. / Sales 2017 3,91x
Capi. / Sales 2018 3,23x
Capitalization 4 000 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 85,0 $
Spread / Average Target 14%
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Managers
NameTitle
Daryl G. Byrd President, Chief Executive Officer & Director
William H. Fenstermaker Chairman
Michael J. Brown Vice Chairman & Chief Operating Officer
Anthony J. Restel Chief Financial Officer, Treasurer & Senior EVP
Elaine D. Abell Independent Director
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