you can achieve this effect by this way also.. Try this ::
UIButton *myButton = [[UIButton alloc]initWithFrame:CGRectMake(160, 400, 73, 55)];
UIImage *img = [UIImage imageNamed:@"icon.png"];
UIImageView *imgVw = [[UIImageView alloc ] init];
imgVw.image = img;
imgVw.frame = CGRectMake(myButton.frame.origin.x, myButton.frame.origin.y, myButton.frame.size.width, (myButton.frame.size.height-18));
[myButton setTitle:@"test" forState:UIControlStateNormal];
[myButton setTitleColor:[UIColor blackColor] forState:UIControlStateNormal];
[myButton setTitleEdgeInsets: UIEdgeInsetsMake(34,10,0,10)];
[myButton addTarget:self action:@selector(btnClick:) forControlEvents:UIControlEventTouchUpInside];
[self.view addSubview:imgVw];
[self.view addSubview:myButton];
Your button method
-(void) btnClick:(id)sender
{
NSLog(@"working");
}
You can achieve from your logic also :: Here i've edited some code in your logic
UIButton *myButton = [[UIButton alloc]initWithFrame:CGRectMake(160, 400, 40, 35)];
[myButton setImage:[UIImage imageNamed:@"icon.png"] forState:UIControlStateNormal];
[myButton setImageEdgeInsets:UIEdgeInsetsMake(0,(myButton.frame.size.width-52),17,0)];
[myButton setTitle:@"test" forState:UIControlStateNormal];
[myButton setTitleColor:[UIColor blackColor] forState:UIControlStateNormal];
[myButton setTitleEdgeInsets: UIEdgeInsetsMake(22,(myButton.frame.size.width-78),0,22)];
[self.view addSubview:myButton];
but, in this logic you have to resize your image to 23*23 pixels. according to your image size UIEdgeInsetsMake's parameter will be changed.
Hope this helps. Happy coding.