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IBERIABANK Corporation (NASDAQ:IBKC) provided disclosures to the investment community regarding the influence of recent changes in energy prices on the business and growth prospects of the banking industry and the company.
IBERIABANK Corporation (NASDAQ:IBKC) provided disclosures to the investment community regarding the influence of recent changes in energy prices on the business and growth prospects of the banking industry and the company.
As quoted in the market news:
IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 127-year-old IBERIABANK (www.iberiabank.com), provided additional disclosures to the investment community as a result of investor inquiries in regard to the influence of recent changes in energy prices on the business and growth prospects of the banking industry and the Company.
Daryl G. Byrd, president and CEO of IBERIABANK, commented,
We recognize that the dramatic fluctuation in energy prices over the last several years, combined with limited data regarding the banking industry’s energy lending practices, has created a challenging environment in which to evaluate and differentiate investment decisions. Recent fluctuations in energy prices have also resulted in heightened institutional investor inquiry into our views of the energy lending business. As a highly seasoned and active participant serving energy clients’ depository and capital market needs, we believe additional disclosure and insight into our Company’s energy lending practices and condition may assist in the investment community’s risk management review process. Our historical experiences, industry knowledge, superior credit quality, and solid financial condition provide a unique perspective during these turbulent times.