IBERIABANK Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company announced interest income of $180,805,000 compared to $176,651,000 for the same period a year ago. Net interest income was $161,665,000 compared to $161,160,000 for the same period a year ago. Income before income taxes was $58,164,000 compared to $62,977,000 for the same period a year ago. Net income was $45,130,000 compared to $44,407,000 for the same period a year ago. Income allocated to common shareholders was $43,759,000 compared to $43,902,000 for the same period a year ago. Earnings per common share, diluted were $1.04 compared to $1.08 for the same period a year ago. Non-GAAP core earnings per diluted share were $1.16 compared to $1.11 for the same period a year ago. Net interest income (non-GAAP) was $164,057,000 compared to $163,544,000 for the same period a year ago. Return on average assets (GAAP) was 0.85% compared to 0.90% for the same period a year ago. Return on average common equity (GAAP) was 6.70% compared to 7.30% for the same period a year ago. Return on average operating tangible common equity (non-GAAP) was 10.75% compared to 11.20% for the same period a year ago. Core return on average assets (non-GAAP) was 0.94% compared to 0.92% for the same period a year ago. Book value per share was $62.68 compared to $58.87 for the same period a year ago. Tangible book value per share was $45.80 compared to $40.35 for the same period a year ago. Total revenues declined 4% on a linked quarter basis primarily due to a decline in the company's seasonal fee income businesses and slower loan growth.

For the full year, the company announced interest income of $716,939,000 compared to $646,858,000 for the same period a year ago. Net interest income was $649,238,000 compared to $587,758,000 for the same period a year ago. Income before income taxes was $271,970,000 compared to $206,938,000 for the same period a year ago. Net income was $186,777,000 compared to $142,844,000 for the same period a year ago. Income allocated to common shareholders was $176,928,000 compared to $141,164,000 for the same period a year ago. Earnings per common share, diluted were $4.30 compared to $3.68 for the same period a year ago. Earnings per share, diluted, excluding non-operating items (non-GAAP) was $4.43 compared to $4.18 for the same period a year ago.

For the fourth quarter ended December 31, 2016, the company announced net charge-offs totaled $7.7 million, down $2.6 million, or 25%, compared to the third quarter of 2016.  Annualized net charge-offs equated to 0.21% of average loans in the fourth quarter of 2016, a seven basis point improvement on a linked quarter basis.