SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 22, 2002
IBERIABANK CORPORATION
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(Exact name of Registrant as Specified in Charter)
Louisiana 0-25756 72-1280718
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1101 East Admiral Doyle Drive, New Iberia, Louisiana 70560
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(Address of Principal Executive Offices)
(337) 267-4458
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Registrant's telephone number, including area code
Not Applicable
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(Former name or former address, if changed since last report)
Item 5. Other Events
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On January 22, 2002, the Registrant issued a press release announcing
earnings of $3.8 million and $14.5 million for the fourth quarter and fiscal
year ended December 31, 2001, respectively. A copy of the press release,
including unaudited financial information released as a part thereof, is
attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated by
reference in Item 5.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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Exhibit 99.1 Press Release dated January 22, 2002, with respect to the
Registrant's unaudited financial results for the fourth
quarter and fiscal year ended December 31, 2001.
Item 9. Regulation FD Disclosure
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On January 22, 2002, the Registrant announced guidance of $0.63 to $0.64
per share fully diluted EPS for the first quarter of fiscal 2002. On January 22,
2002, the Registrant also confirmed comfort with its previously stated range of
$2.60 to $2.70 per share for 2002 fully diluted EPS. These ranges do not include
the effect of FAS 142, Goodwill and Other Intangible Assets, which changes the
accounting for goodwill from an amortization method to an impairment-only
method. Upon adoption of FAS 142, effective January 1, 2002, the Registrant has
discontinued amortization of current goodwill. The Registrant estimates the
addition to annual fully diluted EPS as a result of FAS 142 to be approximately
$0.32 to $0.33 per share, or approximately $0.08 per share quarterly.
All acquisitions by the Registrant to date have been accounted for under
APB 16, which is being superceded by FAS 141 and 142. As a result of the FASB
announcement in November 2001 concerning the applicability of FAS 72 to certain
banking acquisitions, the Registrant has reviewed its accounting for previous
acquisition transactions. At the present time, the Registrant does not believe
that FAS 72 is applicable to those acquisitions. The FASB is presently
deliberating the continued application of FAS 72 and how it should be applied to
banking transactions. Additional FASB guidance is expected prior to the end of
this year.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
IBERIABANK CORPORATION
DATE: January 22, 2002 By: /s/ Daryl G. Byrd
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Daryl G. Byrd
President and Chief Executive
Officer