2025
$1.93
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Bank basis: raw operating cash flow (CFO=$628M) is unusable for a lender because it swings with loans-held-for-sale and trading flows (CFO 2024 $1,268M; 2022 $2,291M), and provision for credit losses is a real recurring cost that must not be added back. OE = net income available to common + D&A - SBC add-back netted out (SBC $61M is expensed in net income and added back in CFO, then subtracted, net zero) - maintenance capex. Net income to common=$956M (NI $982M less preferred dividends $26M); D&A=$64M; capex=$33M, treated all as maintenance (growth capex not separable); working-capital and held-for-sale flows excluded; OE=$987M; diluted shares=511.107M; OE/sh=$1.93. Note FY2025 provision ($65M) was below net charge-offs ($120M), so this year includes a ~$55M pre-tax reserve release. Source: FY2025 10-K, accession 0000036966-26-000051.
2024
$1.46
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Bank basis (CFO $1,268M distorted by loans-held-for-sale flows; provision not added back). OE = net income to common + D&A - SBC net zero (SBC $59M expensed in NI) - maintenance capex. NI to common=$738M (NI $775M less preferred dividends $37M); D&A=$101M; capex=$44M all treated as maintenance; OE=$795M; diluted shares=544.285M; OE/sh=$1.46. FY2024 provision ($150M) exceeded net charge-offs ($112M), so this year carries a reserve build. Source: FY2024 10-K accession 0000036966-25-000024 and FY2025 10-K accession 0000036966-26-000051.
2023
$1.66
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Bank basis (CFO $1,299M distorted by loans-held-for-sale flows; provision not added back). OE = net income to common + D&A - SBC net zero (SBC $36M expensed in NI) - maintenance capex. NI to common=$865M (NI $897M less preferred dividends $32M); D&A=$102M; capex=$37M all treated as maintenance; OE=$930M; diluted shares=561.732M; OE/sh=$1.66. FY2023 includes a merger termination fee received from TD (raises income) and merger-related expense (lowers it); both are non-recurring and roughly offsetting in direction, amounts not netted here. Source: FY2023 10-K accession 0000036966-24-000015; FY2025 10-K accession 0000036966-26-000051.
2022
$1.63
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Bank basis (CFO $2,291M distorted by loans-held-for-sale runoff; provision not added back). OE = net income to common + D&A - SBC net zero (SBC $75M expensed in NI) - maintenance capex. NI to common=$868M (NI $900M less preferred dividends $32M); D&A=$85M (as restated in later filings); capex=$28M all treated as maintenance; OE=$925M; diluted shares=566.004M; OE/sh=$1.63. Source: FY2022 10-K accession 0000036966-23-000016; FY2023 10-K accession 0000036966-24-000015.
2021
$1.76
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Bank basis (CFO $725M as restated, distorted by loans-held-for-sale flows; provision not added back). OE = net income to common + D&A - SBC net zero (SBC $43M expensed in NI) - maintenance capex. NI to common=$962M (NI $999M less preferred dividends $37M); D&A=$45M (as restated in later filings); capex=$37M all treated as maintenance; OE=$970M; diluted shares=551.241M; OE/sh=$1.76. Source: FY2021 10-K accession 0000036966-22-000015; FY2023 10-K accession 0000036966-24-000015.
2019
$1.43
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Bank basis (CFO $830M distorted by trading-securities and held-for-sale flows; provision not added back). OE = net income to common + D&A - SBC net zero (SBC $22M expensed in NI) - maintenance capex. NI to common=$434.7M (NI $440.9M less preferred dividends $6.2M); D&A=$65.2M; capex=$49.2M all treated as maintenance; OE=$450.8M; diluted shares=315.657M; OE/sh=$1.43. Pre-2020 figures describe the smaller company before the 2020 IBERIABANK merger. Source: FY2019 10-K accession 0000930413-20-000605.
2018
$1.71
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Bank basis (CFO $234.3M distorted by trading-securities and held-for-sale flows; provision not added back). OE = net income to common + D&A - SBC net zero (SBC $23.2M expensed in NI) - maintenance capex. NI to common=$538.8M (NI $545.0M less preferred dividends $6.2M); D&A=$59.1M; capex=$38.2M all treated as maintenance; OE=$559.8M; diluted shares=327.445M; OE/sh=$1.71. Pre-2020 figures describe the smaller company before the 2020 IBERIABANK merger. Source: FY2018 10-K accession 0000930413-19-000767.
Owner's earnings per share by fiscal year, most recent first. Tap a row to see how that figure was calculated, including the source filing.