Lafayette-based IberiaBank Corp. says its $5.7 billion loan portfolio spread out mainly across the southeastern United States faces negligible impact as a result of the BP oil disaster, according to Yahoo Finance.

The company indicated this week that roughly 3 percent of its total loans are in the three main industries expected to take the brunt of the crisis — fishing/seafood, beach tourism and the energy sector. The bulk of the bank’s credit exposure was in energy and energy transportation, with approximately $183 million in loans; the company faces an additional $10,000 exposure in fishing/seafood and virtually no credit exposure in beach tourism.

Read the full story here.

To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.77 ▲0.01 (0.04%)
o Frank's International 17.15 ▲0.07 (0.41%)
o IberiaBank Corp 63.87 ▲1.05 (1.67%)
o LHC Group 23.76 ▲0.01 (0.04%)
o MidSouth Bancorp 19.00 0.00 (0.00%)
o Petroquest Energy 4.30 ▲0.04 (0.94%)
o PHI Inc. 39.60 ▲0.44 (1.12%)
o Superior Energy 25.14 ▲0.33 (1.33%)
o Stone Energy 25.81 ▲0.36 (1.41%)
o Facebook Inc. 78.18 ▲1.23 (1.60%)
o Twitter Inc. 51.29 ▲0.59 (1.16%)
o Gannett 30.35 ▲1.27 (4.37%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.77 Trade time:12:19PM EDT Value change:▲0.01 (0.04%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:17.15 Trade time:12:33PM EDT Value change:▲0.07 (0.41%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:63.87 Trade time:12:40PM EDT Value change:▲1.05 (1.67%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:23.76 Trade time:11:55AM EDT Value change:▲0.01 (0.04%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:19.00 Trade time:11:56AM EDT Value change:0.00 (0.00%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.30 Trade time:12:42PM EDT Value change:▲0.04 (0.94%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:39.60 Trade time:10:13AM EDT Value change:▲0.44 (1.12%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:25.14 Trade time:12:44PM EDT Value change:▲0.33 (1.33%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:25.81 Trade time:12:43PM EDT Value change:▲0.36 (1.41%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:78.18 Trade time:12:44PM EDT Value change:▲1.23 (1.60%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:51.29 Trade time:12:44PM EDT Value change:▲0.59 (1.16%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:30.35 Trade time:12:44PM EDT Value change:▲1.27 (4.37%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement