IBERIABANK Corporation Announces Pricing of Common Stock Offering
June 30 2009 - 7:54PM
PR Newswire (US)
LAFAYETTE, La., June 30 /PRNewswire-FirstCall/ -- IBERIABANK
Corporation (NASDAQ:IBKC), the holding company of the 122-year-old
IBERIABANK and IBERIABANK fsb, announced the pricing of an
underwritten public offering of 3,850,000 shares of the Company's
common stock at a price to the public of $39.00 per share for gross
proceeds of approximately $150.2 million. The net proceeds to the
Company after deducting underwriting discounts and commissions and
estimated offering expenses are expected to be approximately $143.0
million. IBERIABANK has granted the underwriters a 30-day option to
purchase up to an additional 577,500 shares of IBERIABANK common
stock to cover over-allotments, if any. Goldman, Sachs & Co.,
and Keefe, Bruyette & Woods acted as joint bookrunning lead
managers, and Stifel Nicolaus & Company, Inc. acted as
co-manager. The Company expects to close the transaction, subject
to customary conditions, on or about July 7, 2009. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering
will be made only by means of a prospectus, copies of which may be
obtained from Goldman, Sachs & Co., Attn: Prospectus
Department, 85 Broad Street, New York, NY 10004 or by faxing (212)
902-9316, calling toll-free (866) 471-2526 or emailing or from
Keefe, Bruyette & Woods, Inc., Equity Capital Markets, 787
Seventh Avenue, 4th Floor, New York, NY 10019 or by calling
toll-free (800) 966-1559. IBERIABANK Corporation IBERIABANK
Corporation is a multi-bank financial holding company with 152
combined offices, including 90 bank branch offices in Louisiana,
Arkansas, Alabama, and Tennessee, one loan production office in
Texas, 26 title insurance offices in Arkansas and Louisiana, and
mortgage representative offices in 35 locations in eight states.
The Company's common stock trades on the NASDAQ Global Select
Market under the symbol "IBKC." Forward Looking Statements To the
extent that statements in this press release relate to future
plans, objectives, financial results or performance of IBERIABANK
Corporation, these statements are deemed to be forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements, which are based on
management's current information, estimates and assumptions and the
current economic environment, are generally identified by the use
of the words "plan", "believe", "expect", "intend", "anticipate",
"estimate", "project" or similar expressions. IBERIABANK
Corporation's actual strategies and results in future periods may
differ materially from those currently expected due to various
risks and uncertainties. Actual results could differ materially
because of factors such as our ability to execute our growth
strategy, risks relating to the integration of acquired companies
that have previously been operated separately, challenges posed by
the current economic environment, disruptions in global financial
markets, credit risk of our customers, effects of the on-going
correction in residential real estate prices and reduced levels of
home sales, sufficiency of our allowance for loan losses, changes
in interest rates, access to funding sources, reliance on the
services of executive management, competition for loans, deposits
and investment dollars, reputational risk and social factors,
changes in government regulations and legislation, increases in
FDIC insurance assessments, geographic concentration of our
markets, rapid changes in the financial services industry, exposure
to intangible asset risk, and hurricanes and other adverse weather
events. These and other factors that may cause actual results to
differ materially from these forward-looking statements are
discussed in the Company's Annual Report on Form 10-K and other
filings with the Securities and Exchange Commission, available at
the SEC's website, http://www.sec.gov/. All information in this
release is as of the date of this release. The Company undertakes
no duty to update any forward-looking statement to conform the
statement to actual results or changes in the Company's
expectations. DATASOURCE: IBERIABANK Corporation CONTACT: Daryl G.
Byrd, President and CEO, +1-337-521-4003, or John R. Davis, Senior
Executive Vice President, +1-337-521-4005, both of IBERIABANK
Corporation Web Site: http://www.iberiabank.com/
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