Thursday, 28 January 2010 12:07
by IND Monthly Staff
IberiaBank's record year
The year in rear view was a big one for locally based IberiaBank, which earned $144 million, 270 percent more than the $39 million it earned in 2008. Earnings per share were $8.03, compared with $2.96 in 2008. For the quarter ended Dec. 31, the bank earned $106 million — that’s 340 percent more than last year's third quarter.
IberiaBank President and CEO Daryl Byrd called 2009 a “year of tremendous achievement and opportunity for our company,” all made possible, he added, by many years of sacrifice, hard work, discipline and foresight. “Our fourth quarter and year-end results are a clear demonstration of our profitability, capital strength, and sound asset quality compared to the severe strife within the financial services industry,” he said. “Despite the industry challenges, our shareholders received a total return on their investment of 522 percent between year-ends 1999 and 2009, assuming reinvestment of quarterly cash dividends. This equated to a total annual shareholder return of 20 percent over that period.”
Read more about how IberiaBank became a $10 billion financial institution in 2009 and rose to the No. 2 spot among Louisiana banks in The Independent Weekly’s Nov. 25 cover story, “A Defining Moment.”
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NOV 26 Zach Kopplin, who we came to know and love when he was a Louisiana high school student lobbying for the continued inclusion of science stuff in science class, pens this post in The Atlantic about a "textbook" available for social studies instruction in Texas that discusses how Moses contributed to the Constitution. (Oy! Texas rednecks love Jews. Who knew?)
NOV 26 Finally, mad people on the interwebz is a good thing! World wide webby outrage has caused the village of Moreauville to reverse its plan to confiscate pit bulls and Rottweillers and euthanize them simply because of their breed, WAFB reports here. The plan? They're going to enforce the leash law. Well, that would have been a good place to start.
NOV 26 Jim Brown, like many of us Louisiana voters, seems fed up with out of town know-it-alls trying to tell us what to do. Bill Cassidy can't make it through the day without flying someone in to "tell us political retards" how to vote, he says.
NOV 26 Blogger Tom Aswell is writing about the behavior of the two finalists in the 6th Congressional District race: Edwin Edwards and Garret Graves. Edwards has come out swinging, but Graves' campaign seems bent on snatching defeat from the jaws of victory, Tom says.
NOV 26 Unless you're in Virigina, you shouldn't count on seeing our Governor on Election Day. Mark Ballard writes in the Advocate's political blog that Bobby will be appearing at a GOP love fest of some kind there, instead of spending the day here.
NOV 26 This post on The Lens takes a look at the ongoing dispute in New Orleans over the banners about the upcoming tax election for the school system. The banners are hanging on schools, and some feel they are promotional, which is not allowed, instead of educational - which is allowed.
NOV 26 Not all college students are focused on football games and parties at this time of year. This post on DIG Baton Rouge recounts an LSU student group that tries to make sure that those who are hungry and homeless are not forgotten by those of us who aren't.
NOV 25 Edwin Edwards took off the gloves on Monday, this post on WAFB tells us. At a Press Club appearance, he wondered how his 6th Congressional District opponent, Garret Graves, could be an expert in all the areas in which he claims to be - when he has no college degree in anything. (Five years - FIVE YEARS - in college, but no degree. Huh?)
NOV 25 Blogger Mike Deshotels offers this primer on predatory charter schools and how they operate, specifically in Louisiana. They're not just profiting from our tax dollars, they're using children and shortchanging them to do so, Deshotels says.
NOV 25 Here's a link to the petition that has been created to save Zeus, a family dog who is targeted for death by the learned fathers of the Avoyelles Parish village of Moreauville. They passed an ordinance based on nothing that outlaws pit bulls and Rotweillers. As of Tuesday morning, the petition had more than 230,000 signatures - a number that's a wee bit higher than the village population of 929.
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