Lafayette-based IberiaBank Corp. reported second-quarter earnings rose to of $16.0 million, or 53 cents per share, compared to $12.6 million, or 43 cents per share a year earlier.
The holding company of IberiaBank said its results were affected by the costs to implement previously disclosed initiatives. Those costs were 16 cents per share after taxes. The second-quarter earnings were also lowered by the costs to adopt a new accounting standard — 11 cents per share after taxes.
Without those expenses, the company’s profit would have been 80 cents per share.
Stock analysts surveyed by Thomson Reuters had forecast earnings of 72 cents per share.