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.”
David Calhoun and Elizabeth “EB” Brooks are the first two employees of Lafayette Central Park Inc., the nonprofit charged with turning Lafayette Consolidated Government’s 100-acre Johnston Street Horse Farm property into a passive public park. Calhoun was named executive director, and Brooks is director of planning and design.
Is it a crime for citizens to photograph, video, or take notes of a police officer in the line of duty, or a right protected by the First Amendment of the U.S. Constitution? Locally, such activity, as witnessed recently, will at the very least result in a night spent behind bars.
There will soon be a whole lot of shakin’ going on at Benny’s Sportshack Supplement Depot, a new concept by Opelousas native Benny Nele. Located at 2002 Johnston St., the supplement shop, smoothie bar and café, featuring hot off the press paninis and wraps, plans to open in late May.