Lafayette-based IberiaBank Corp. reported fourth-quarter earnings rose to $25.6 million, or 86 cents per share, compared to $23.2 million, or 78 cents per share, a year ago.
IberiaBank said its results were helped by loan growth and a cost-reduction program.
The results exceeded the 84 cents per share forecast by stock analysts surveyed by Thomson Reuters.
For the year, IberiaBank’s earnings slipped to $65.1 million, or $2.20 per share, compared to $76.4 million, or $2.54 per share. Stock analysts expected earnings of $2.16 per share for the year.
IberiaBank reported earnings after the markets closed. The company’s stock closed Tuesday at $62.63, up 13 cents.
Editor’s Note: This story was changed Jan. 29, 2014, to say IberiaBank’s fourth-quarter earnings per share exceeded analysts’ expectations.