8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 21, 2010

IBERIABANK CORPORATION

(Exact name of Registrant as Specified in Charter)

Louisiana	0-25756	72-1280718
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

200 West Congress Street, Lafayette, Louisiana 70501

(Address of Principal Executive Offices)

(337) 521-4003

Registrant’s telephone number, including area code

NOT APPLICABLE

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On July 21, 2010, the Registrant announced its results of operations for the three and six-month periods ended June 30, 2010. Copies of the related press release and supplemental materials are attached as Exhibits 99.1 and 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The exhibits listed in the exhibit index are furnished pursuant to Item 2.02 as part of this Current Report on Form 8-K and are not to be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	IBERIABANK CORPORATION
DATE: July 21, 2010	By:	/s/    DARYL G. BYRD
		Daryl G. Byrd
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated July 21, 2010, issued by the Registrant.
99.2	Supplemental Materials to Second Quarter Earnings Conference Call

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

July 21, 2010

Contact:

Daryl G. Byrd, President and CEO (337) 521-4003

John R. Davis, Senior Executive Vice President (337) 521-4005

IBERIABANK Corporation Reports Second Quarter Results and Updates Significant Investments

LAFAYETTE, LOUISIANA — IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 123-year-old IBERIABANK (www.iberiabank.com) and IBERIABANK fsb (www.IBERIABANKfsb.com), reported improved asset quality ratios, capital strength, and earnings results for the quarter ended June 30, 2010. The Company’s levels of nonperforming assets, loans past due 30 days or more, classified assets, and commercial loan watch list each improved between March 31, 2010 and June 30, 2010. At quarter-end, the Company possessed one of the strongest regulatory capital ratios for bank holding companies with assets in excess of $5 billion. For the second quarter of 2010, the Company reported income available to common shareholders of $9 million and fully diluted earnings per share (“EPS”) of $0.33.

Daryl G. Byrd, President and Chief Executive Officer, commented, “Our formidable balance sheet, as measured by asset quality, capital position, and liquidity is among the strongest in the industry. We have avoided many of the adverse issues that have plagued our industry by limiting lending concentrations and maintaining conservative underwriting. We are very proud of our heritage, dating back to 1887, as the second oldest and second largest bank based in Louisiana.” Byrd continued, “Our second quarter results included significant costs incurred in association with strategic investments in our growth businesses. We are very pleased with the progress made in developing these businesses, and we anticipate favorable returns on these investments over time. Our earnings were also negatively affected by FDIC loss share accounting which requires the deferral of income recognition in the near-term. While this impact was negative in the second quarter, we expect it will be very positive in the long-term.”

Byrd continued, “We are deeply disappointed in the tragic ecological and economic impacts of the Deepwater Horizon disaster in the Gulf of Mexico. We remain hopeful that the current efforts to cap the well and address the damage are completed quickly and in a thorough manner. We believe our financial exposure to this event remains extremely small, but we continue to be concerned about the near-term and long-term effects on the citizens and economy of the Gulf region.”

Operating Results Summary

Diluted net income to common shareholders in the second quarter of 2010 totaled $9 million, down 32% compared to the first quarter of 2010 (“linked quarter basis”), and up 5% compared to the same quarter last year. Fully diluted earnings per share (“EPS”) were $0.33 in the second quarter of 2010, a decrease of 44% on a linked quarter basis, and a decrease of 37% compared to the same quarter last year. For the second quarter of 2010, return on average assets (“ROA”) was 0.34%, return on average common equity (“ROE”) was 2.73%, and return on average tangible common equity was 3.73%.

1

One-Time Acquisition-Related Costs. During the second quarter of 2010, the Company completed the branch and operating system conversions for Orion Bank and Century Bank. In the first quarter of 2010, the Company recorded a $4 million pre-tax gain ($0.11 per share on an after-tax basis) related to additional FDIC settlement items. No gain was recorded in the second quarter of 2010. The Company incurred one-time pre-tax acquisition-related costs of $2 million, or $0.07 per share on an after-tax basis, in the first quarter of 2010, and $4 million, or $0.08 per share, in the second quarter of 2010.

Excess Cash and Margin. The Company held $543 million in excess cash on average in the first quarter of 2010, compared to $1.1 billion in the second quarter of 2010. The Company’s tax-equivalent net interest margin (“margin”) declined 11 basis points on a linked quarter basis to 3.05% in the second quarter of 2010. The aggregate excess cash position suppressed the margin approximately 24 and 45 basis points in the first and second quarters of 2010, respectively. The Company estimated the excess cash reduced EPS by $0.18 and $0.29 in the first and second quarters of 2010, respectively.

Surplus Capital. On March 8, 2010, the Company issued and sold 5,973,207 shares of common stock in an underwritten public offering, with net proceeds of $329 million. The Company estimates EPS was suppressed due to the additional outstanding shares by $0.05 and $0.09 per share in the first and second quarters of 2010, respectively.

Loan Loss Provision and FDIC Loss Share Accounting. The Company was required under generally accepted accounting principles to establish homogeneous pools of loans with common characteristics. Loan pools in which expected credit losses and cash flows deteriorate relative to original estimates result in a current period impairment. This impairment increases the reserve for loan losses, FDIC loss share receivable, and loan loss provision expense. In contrast, the benefits related to pools in which expected credit losses and cash flows improve relative to original estimates are to be recognized in future periods through adjustments of associated yields over the remaining estimated lives of these pools or the loss share agreement, whichever is shorter.

Based on the Company’s recent assessment of FDIC covered loans, the Company estimates projected losses in that portfolio improved by $113 million compared to original estimates. Although projected losses are better than initial estimates, the Company experienced deterioration in expected credit losses and cash flows on a small number of loan pools. Accordingly, the Company recorded a pre-tax provision expense of $6 million, or $0.15 per share, related to FDIC covered loans associated with those select loan pools. However, the benefits related to the majority of loan pools, which have improved expected losses and cash flows, will be recognized in future periods through yield adjustments.

Investments in Businesses. Given continued unprecedented recruiting and client development opportunities, the Company continued to invest in various business lines, infrastructure, and personnel in the second quarter of 2010. These strategic investments included commercial banking, wealth management, capital markets, branch offices, and support functions. The incremental estimated cost of these investments on a linked quarter basis was approximately $2 million, or $0.05 per share. The Company expects a significant long-term return on these investments.

Balance Sheet Summary

Total assets decreased $16 million, or less than 1% since March 31, 2010, to $10.4 billion at June 30, 2010. Over this period, total loans increased $21 million, or less than 1%, and total deposits increased $119 million, or 1%. Total shareholders’ equity increased $6 million, or 1%, since March 31, 2010.

The majority of assets acquired in the three FDIC-assisted transactions completed in 2009 are covered under FDIC loss sharing arrangements (“covered assets”), and loan valuations incorporate estimated losses. As a result, a significant portion of the Company’s nonperforming assets has minimum

2

loss exposure. Total Nonperforming Assets (“NPAs”) at June 30, 2010 were $792 million, which included $723 million in covered assets. Excluding the FDIC-assisted transactions, NPAs at June 30, 2010 were $69 million, or 0.91% of total assets, compared to 1.01% of assets at March 31, 2010 and 1.04% one year ago.

Loans

In the second quarter of 2010, total loans increased $21 million, or less than 1%. Excluding the FDIC-assisted transactions, loans increased $58 million, or 1%, over that period. Between the time of the acquisitions and June 30, 2010, Orion Bank and Century Bank-originated loans decreased approximately $141 million, or 10%, which was greater than the Company’s expectations at closing.

The loan portfolio at June 30, 2010, was comprised of disparate components. Approximately 26% of the Company’s $5.8 billion loan portfolio is comprised of assets covered under the FDIC’s loss share agreements, which provide considerable protection against credit risk on those covered assets. The remaining $4.2 billion in loans at June 30, 2010, were associated with the Company’s legacy franchise, and underwritten under the Company’s guidelines.

Period-End Loan Volumes ($ in Millions)

Loans
	6/30/09			9/30/09			12/31/09			3/31/10			6/30/10
Commercial	$	2,432		$	2,556		$	2,748		$	2,825		$	2,878
Consumer		920			923			914			912			929
Mortgage		477			467			452			441			430
Non-FDIC Loans	$	3,829		$	3,946		$	4,114		$	4,178		$	4,237
Covered Loans	$	—		$	353		$	1,670		$	1,561		$	1,524
Total Loans	$	3,829		$	4,298		$	5,784		$	5,739		$	5,761
Non-FDIC Growth		2	%		3	%		4	%		2	%		1	%

On a linked quarter basis, the yield on average total loans increased 65 basis points to 6.50%. Yields on mortgage, commercial, and consumer loans increased 148, 53, and 32 basis points, respectively, on a linked quarter basis. The increases in yields were driven primarily by FDIC loss share accounting.

Commercial real estate (“CRE”) loans equated to 43% of total loans, though a significant portion of the total CRE portfolio is covered under the loss share agreements with the FDIC. In addition, much of the acquired CRE portfolio was purchased from the FDIC at substantial discounts that are expected to offset much of the remaining credit exposure and servicing costs. Finally, a portion of the CRE portfolio is comprised of legacy CRE loans, underwritten under the Company’s guidelines. At June 30, 2010, the average loan size in the legacy CRE portfolio was approximately $627,000, and loans past due 30 days or more (including nonaccruing loans) equated to 2.79% of the CRE loans outstanding (2.79% at March 31, 2010). Approximately 63% of the legacy CRE portfolio was based in southern Louisiana, 22% in northern Louisiana, and 15% in other markets. At June 30, 2010, many of the local markets in southern Louisiana remained economically healthy compared to the national economy. Excluding construction-related credits and FDIC-assisted loans, at June 30, 2010, approximately 47% of the Company’s CRE portfolio was owner-occupied and 53% was non-owner occupied. Non-owner occupied CRE loans equated to 74% of total risk based capital at June 30, 2010.

At June 30, 2010, approximately 18% of the Company’s direct consumer loan portfolio (net of discounts) was covered under the FDIC loss share agreements. The remaining legacy consumer portfolio maintained favorable asset quality. The average credit score of the legacy consumer loan

3

portfolio was 718, and loans past due 30 days or more were 0.81% of consumer loans at June 30, 2010 (an improvement compared to 1.32% March 31, 2010). Legacy home equity loans totaled $330 million at June 30, 2010, with 0.82% past due 30 days or more (1.45% at March 31, 2010). Legacy home equity lines of credit totaled $199 million, with 0.80% past due 30 days or more (1.14% at March 31, 2010). Annualized net charge-offs in this portfolio were 0.58% of total consumer loans in the second quarter of 2010 (0.47% in the first quarter of 2010). The weighted average loan-to-value at origination for this portfolio over the last three years was approximately 68%.

The indirect automobile portfolio totaled $269 million at June 30, 2010, up 3% compared to the portfolio at March 31, 2010. This portfolio equated to 5% of total loans and had 0.78% in loans past due 30 days or more (including nonaccruing loans) at June 30, 2010 (an improvement from 1.01% at March 31, 2010). Annualized net charge-offs in the indirect loan portfolio equated to approximately 0.15% of average loans in the second quarter of 2010 (an improvement from 0.31% in the first quarter of 2010). Approximately 87% of the indirect automobile portfolio was to borrowers in the Acadiana region of Louisiana, which currently experiences a relatively favorable unemployment rate (5.6% in May 2010, the 23^rd lowest unemployment rate of 372 MSAs in the United States).

Deposits

During the second quarter of 2010, total deposits increased $119 million, or 1%, and $51 million, or 1%, excluding the FDIC transactions. Between the time of the acquisitions and July 16, 2010, Orion Bank and Century Bank-originated deposits, excluding brokered deposits, increased approximately $368 million, or 18%, which was more favorable than the Company’s expectations at closing.

Period-End Deposit Volumes ($ in Millions)

Deposits
	6/30/09			9/30/09			12/31/09			3/31/10			6/30/10
Noninterest	$	576		$	629		$	875		$	825		$	821
NOW Accounts		948			959			1,352			1,407			1,333
Savings/MMkt		1,128			1,327			2,252			2,571			2,808
Time Deposits		1,521			1,860			3,077			3,153			3,112
Total Deposits	$	4,173		$	4,774		$	7,556		$	7,956		$	8,074
Growth		1	%		14	%		58	%		5	%		1	%

Noninterest bearing deposits totaled $820 million at June 30, 2010, down $5 million, or 1%, compared to March 31, 2010. Excluding the FDIC-assisted transactions, noninterest bearing deposits increased $12 million, or 8%, over this period. On a linked quarter basis, average noninterest bearing deposits decreased $6 million, or 1%, and interest-bearing deposits increased $252 million, or 4%. The rate on average interest bearing deposits in the second quarter of 2010 was 1.46%, an increase of 10 basis points on a linked quarter basis, similar to a nine basis point increase in the cost of average interest bearing liabilities. The Company had only $15 million in short-term borrowings at June 30, 2010, or approximately 0.2% of total liabilities.

4

Asset Quality

The Company’s credit quality statistics were significantly affected by the FDIC-assisted acquisitions. However, the loss share arrangements with the FDIC and discounts on the assets acquired are expected to provide substantial protection against loss on those assets. Under the loss share agreements in connection with the FDIC-assisted acquisitions, the FDIC will cover 80% of the losses on the disposition of loans and OREO up to $970 million, or $776 million (the Company will cover the remaining $194 million amount). In addition, the FDIC will cover 95% of losses that exceed that $970 million threshold level. The Company estimates its maximum loss exposure would have been approximately $297 million, assuming all loans experience 100% losses with no recoveries, over the loss share period. The Company received a discount of approximately $500 million on the purchase of assets in the transactions.

Excluding the FDIC-assisted transactions, NPAs and loans past due 30 days or more decreased during the second quarter of 2010 at the Company. The legacy Company had troubled debt restructurings at June 30, 2010, totaling $8 million, compared to $7 million at March 31, 2010.

Summary Asset Quality Statistics

	IBERIABANK									IBERIABANK fsb									IBERIABANK Corp.
($thousands)	4Q09*			1Q10*			2Q10*			4Q09			1Q10			2Q10			4Q09*			1Q10*			2Q10*
Nonaccruals	$	11,899		$	30,054		$	25,512		$	27,947		$	24,570		$	22,537		$	39,847		$	54,624		$	48,049
OREO & Foreclosed		4,000			4,012			5,037			11,281			11,436			10,177			15,281			15,448			15,214
90+ Days Past Due		3,193			1,852			3,229			1,767			1,316			2,416			4,960			3,168			5,645
Nonperforming Assets	$	19,092		$	35,918		$	33,778		$	40,996		$	37,322		$	35,130		$	60,088		$	73,240		$	68,908
NPAs/Assets		0.38	%		0.64	%		0.58	%		2.68	%		2.27	%		2.11	%		0.91	%		1.01	%		0.91	%
NPAs/(Loans + OREO)		0.61	%		1.13	%		1.04	%		4.03	%		3.64	%		3.49	%		1.45	%		1.75	%		1.62	%
LLR/Loans		1.10	%		1.38	%		1.36	%		2.12	%		1.98	%		2.04	%		1.36	%		1.53	%		1.52	%
Net Charge-Offs/Loans		0.04	%		0.08	%		0.65	%		0.78	%		1.41	%		0.31	%		0.22	%		0.41	%		0.57	%

* Excludes the impact of all FDIC-assisted acquisitions

The FDIC-assisted transactions accounted for $723 million, or 91% of the Company’s $792 million in total NPAs at June 30, 2010, and the legacy IBERIABANK Corporation franchise accounted for the remaining $69 million in NPAs. Excluding the FDIC-assisted transactions, NPAs equated to 0.91% of total assets at June 30, 2010, compared to 1.01% at March 31, 2010. On this same basis, total loans past due 30 days or more (including nonaccruing loans) represented 1.90% of total loans at June 30, 2010, an improvement of 14 basis points, compared to 2.04% of total loans at March 31, 2010.

5

Loans Past Due

Loans Past Due 30 Days Or More And Nonaccruing Loans As % Of Loans Outstanding

By Entity:	3/31/09		6/30/09		9/30/09		12/31/09		3/31/10		6/30/10
IBERIABANK (Ex-FDIC Covered Assets)
30+ days past due	0.31	%	0.33	%	0.32	%	0.58	%	0.67	%	0.81	%
Non-accrual	0.54	%	0.47	%	0.45	%	0.38	%	0.94	%	0.78	%
Total Past Due	0.85	%	0.80	%	0.77	%	0.96	%	1.61	%	1.59	%
IBERIABANK fsb
30+ days past due	1.85	%	1.73	%	1.09	%	1.12	%	0.88	%	0.60	%
Non-accrual	2.12	%	1.68	%	2.45	%	2.78	%	2.42	%	2.26	%
Total Past Due	3.97	%	3.41	%	3.54	%	3.90	%	3.30	%	2.86	%
Consolidated (Ex-FDIC Covered Assets)
30+ days past due	0.65	%	0.64	%	0.50	%	0.72	%	0.73	%	0.77	%
Non-accrual	0.90	%	0.74	%	0.92	%	0.97	%	1.31	%	1.13	%
Total Past Due	1.55	%	1.38	%	1.42	%	1.69	%	2.04	%	1.90	%
CapitalSouth Only
30+ days past due					7.62	%	7.59	%	10.01	%	9.78	%
Non-accrual					24.64	%	29.68	%	23.97	%	26.19	%
Total Past Due					32.26	%	37.27	%	33.98	%	35.97	%
Orion Only
30+ days past due							16.54	%	8.56	%	12.49	%
Non-accrual							57.58	%	59.86	%	41.73	%
Total Past Due							74.12	%	68.42	%	54.22	%
Century Only
30+ days past due							10.52	%	10.81	%	11.79	%
Non-accrual							53.50	%	43.73	%	45.10	%
Total Past Due							64.02	%	54.54	%	56.89	%
Consolidated With FDIC Covered Assets
30+ days past due					1.08	%	4.37	%	3.09	%	3.69	%
Non-accrual					2.87	%	15.45	%	14.23	%	11.32	%
Total Past Due					3.95	%	19.82	%	17.32	%	15.01	%

At June 30, 2010, the allowance for loan losses was 1.67%, up compared to 1.11% at March 31, 2010. In accordance with generally accepted accounting principles, the assets acquired in the FDIC-assisted transactions were marked to market at consummation, including estimated loan impairment. Excluding the acquired loans, the Company’s ratio of loan loss reserves to loans decreased from 1.53% at March 31, 2010 to 1.52% at June 30, 2010. On June 8, 2010, the Company issued a press release outlining the Company’s limited exposure to the Deepwater Horizon oil spill disaster. To date, the Company has recorded no special reserves or incurred any charge-offs associated with the loans described in that press release.

The Company reported net charge-offs of $6 million in the second quarter of 2010, compared to $5 million in the first quarter of 2010. The ratio of net charge-offs to average loans was 0.44% in the second quarter of 2010, compared to 0.36% in the first quarter of 2010. The Company recorded a $13 million loan loss provision in the second quarter of 2010, similar to the level recorded in the first quarter of 2010 and covered net charge-offs by 2.1 times. Management considers the loan loss reserve adequate to absorb credit losses inherent in the loan portfolio at June 30, 2010.

6

Investments

Total investment securities increased $209 million, or 14%, to $1.7 billion during the second quarter of 2010. As a percentage of total assets, the investment portfolio increased from 15% at March 31, 2010 to 17% at June 30, 2010. The investment portfolio had a modified duration of 2.7 years at June 30, 2010, compared to 2.8 years at March 31, 2010. The unrealized gain in the investment portfolio increased $18 million, or 86%, from $20 million at March 31, 2010 to $38 million at June 30, 2010. Based on projected prepayment speeds and other assumptions at June 30, 2010, the portfolio was expected to generate approximately $732 million in cash flows, or about 43% of the portfolio, over the next 18 months. The average yield on investment securities decreased 16 basis points on a linked quarter basis, to 3.23% in the second quarter of 2010. The Company holds in its investment portfolio primarily government agency and municipal securities.

Capital Position

The Company maintains strong capital ratios compared to peers. The equity-to-assets ratio was 12.51% at June 30, 2010, compared to 12.43% at March 31, 2010. At June 30, 2010, the Company reported a tangible common equity ratio of 10.28%, compared to 10.19% at March 31, 2010 and 7.44% one year ago. The Company’s Tier 1 leverage ratio was 11.15%, compared to 11.64% at March 31, 2010 and 9.24% one year ago. The Company’s total risk based capital ratio was 21.72%, compared to 19.82% at March 31, 2010 and 13.54% one year ago. The Company’s tangible common equity to risk weighted assets ratio was 18.60%, compared to 16.99% at March 31, 2010, and 9.76% one year ago.

Regulatory Capital Ratios

At June 30, 2010

Capital Ratio	Well Capitalized		IBERIABANK		IBERIABANK fsb		IBERIABANK Corporation
Tier 1 Leverage	5.00	%	7.71	%	9.64	%	11.15	%
Tier 1 Risk Based	6.00	%	15.04	%	12.41	%	20.02	%
Total Risk Based	10.00	%	16.88	%	13.65	%	21.72	%

At June 30, 2010, book value per share was $48.31, up $0.02, compared to March 31, 2010, and up 17% compared to one year ago. Tangible book value per share improved $0.11 over that period to $38.71, and up 54% compared to one year ago.

On June 21, 2010, the Company declared a quarterly cash dividend of $0.34 per share. This dividend level equated to an annualized dividend rate of $1.36 per share and an indicated dividend yield of 2.74%, based on the closing stock price of the Company’s common stock on July 21, 2010 of $49.68 per share. This price equated to 1.03 times June 30, 2010 book value per share of $48.31 and 1.28 times tangible book value per share of $38.71.

Interest Rate Risk Position

The Company’s interest rate risk modeling at June 30, 2010 indicated the Company is asset sensitive over a 12-month time frame. A 100 basis point instantaneous and parallel upward shift in interest rates is estimated to increase net interest income over 12 months by approximately 10.0%. Similarly, a 100 basis point decrease in interest rates is expected to decrease net interest income by approximately 1.6%. At June 30, 2010, approximately 51% of the Company’s loan portfolio had fixed interest rates. Eliminating fixed rate loans that mature within a one-year time frame reduces this percentage to 48%. Approximately 70% of the Company’s time deposit base will re-price within 12 months from June 30, 2010.

7

Operating Results

The Company’s average excess liquidity position increased from approximately $543 million to $1.1 billion on a linked quarter basis, and placed increasing pressure on the yield on earning assets. The average earning asset yield decreased seven basis points, while the cost of interest bearing deposits and liabilities increased 10 and nine basis points, respectively. As a result, the net interest spread and margin declined 15 and 11 basis points, respectively, on a linked quarter basis. Tax-equivalent net interest income increased $2 million, or 2% on a linked quarter basis, as average earning assets increased $391 million, or 4%, on a linked quarter basis.

Quarterly Average Yields/Cost (Taxable Equivalent Basis)

	2Q09		3Q09		4Q09		1Q10		2Q10
Earning Asset Yield	4.99	%	4.67	%	4.64	%	4.45	%	4.38	%
Cost Of Int-Bearing Liabs	2.12	%	1.96	%	1.74	%	1.47	%	1.56	%
Net Interest Spread	2.87	%	2.70	%	2.90	%	2.97	%	2.82	%
Net Interest Margin	3.17	%	3.03	%	3.13	%	3.16	%	3.05	%

Aggregate noninterest income increased $2 million, or 8%, on a linked quarter basis. The primary changes on a linked quarter basis were a $4 million gain recognized on completion of the Orion Bank and Century Bank transactions in the first quarter of 2010, compared to none in the second quarter of 2010, and a $3 million increase in gains on the sale of mortgage loans on a linked quarter basis.

The Company’s mortgage origination business experienced substantial strength in the second quarter of 2010. The Company originated $442 million in mortgage loans during the second quarter of 2010, up $147 million, or 50%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 27% of mortgage loan applications in the second quarter of 2010, and approximately 40% in July 2010. The Company sold $400 million in mortgage loans during this period, up $113 million, or 39%, compared to the first quarter of 2010. Sales margins improved on a linked quarter basis. Gains on the sale of mortgage loans totaled $11 million in the second quarter of 2010, an increase of $3 million, or 44%, on a linked quarter basis. The mortgage pipeline was approximately $158 million at June 30, 2010, and has since risen to approximately $197 million at July 16, 2010.

Noninterest expense increased $9 million, or 13%, on a linked quarter basis. In aggregate, one-time merger-related costs totaled $4 million in the second quarter of 2010, compared to $2 million in the first quarter, or an increase of $2 million. Salaries and benefits expense increased $4 million, or 11%, on a linked quarter basis (this category includes mortgage commission expense). Other significant increases were in occupancy and equipment, computer service expense, and OREO expense. The combined tangible efficiency ratio of the Company’s bank subsidiaries was approximately 60.3% in the second quarter of 2010.

IBERIABANK Corporation

IBERIABANK Corporation is a multi-bank financial holding company with 214 combined offices, including 134 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 26 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 54 locations in 12 states.

8

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.3 billion, based on the NASDAQ closing stock price on July 21, 2010.

The following twelve investment firms currently provide equity research coverage on IBERIABANK Corporation:

• B. Riley & Company

• FIG Partners, LLC

• Howe Barnes Hoefer & Arnett, Inc.

• Keefe, Bruyette & Woods

• Raymond James & Associates, Inc.

• Robert W. Baird & Company

• Soleil Securities Corporation/Tenner Investment Research

• Stephens, Inc.

• Sterne, Agee & Leach

• Stifel Nicolaus & Company

• SunTrust Robinson-Humphrey

• Wunderlich Securities

Conference Call

In association with this earnings release, the Company will host a live conference call to discuss the financial results for the quarter just completed. The telephone conference call will be held on Thursday, July 22, 2010, beginning at 8:30 a.m. Central Time by dialing 1-800-398-9397. The confirmation code for the call is 165113. A replay of the call will be available until midnight Central Time on July 29, 2010 by dialing 1-800-475-6701. The confirmation code for the replay is 165113. The Company has prepared a PowerPoint presentation that supplements information contained in this press release. The PowerPoint presentation may be accessed on the Company’s web site, www.iberiabank.com, under “Investor Relations” and then “Presentations.”

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with GAAP. The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance. These measures typically adjust GAAP performance measures to exclude the effects of the amortization of intangibles and include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant activities or nonrecurring transactions. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company’s core businesses. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Reconciliations of GAAP to non-GAAP disclosures are included as tables at the end of this release.

9

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 the current level of market volatility and our ability to execute our growth strategy, including the availability of future FDIC-assisted failed bank opportunities, unanticipated losses related to the integration of, and accounting for, acquired businesses and assets and assumed liabilities in FDIC-assisted transactions, adjustments of fair values of acquired assets and assumed liabilities and of deferred taxes in FDIC-assisted acquisitions, 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 and economic conditions in these markets, rapid changes in the financial services industry, dependence on our operational, technological, and organizational infrastructure, hurricanes and other adverse weather events, the volatility and low trading volume of our common stock, and valuation of intangible assets. 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, www.sec.gov, and the Company’s website, www.iberiabank.com. 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.

10

IBERIABANK CORPORATION

FINANCIAL HIGHLIGHTS

	For The Quarter Ended June 30,								For The Quarter Ended March 31,
	2010			2009			% Change		2010			% Change
Income Data (in thousands):
Net Interest Income	$	70,139		$	38,276		83	%	$	69,206		1	%
Net Interest Income (TE) (1)		72,730			39,694		83	%		71,039		2	%
Net Income		8,840			8,474		4	%		13,004		(32	%)
Earnings Available to Common Shareholders - Basic		8,840			8,474		4	%		13,004		(32	%)
Earnings Available to Common Shareholders - Diluted		8,651			8,224		5	%		12,752		(32	%)
Per Share Data:
Earnings Available to Common Shareholders - Basic	$	0.33		$	0.53		(38	%)	$	0.60		(45	%)
Earnings Available to Common Shareholders - Diluted		0.33			0.52		(37	%)		0.59		(44	%)
Book Value Per Common Share		48.31			41.13		17	%		48.29		0	%
Tangible Book Value Per Common Share (2)		38.71			25.12		54	%		38.60		0	%
Cash Dividends		0.34			0.34		—			0.34		—
Number of Shares Outstanding:
Basic Shares (Average)		26,804,334			16,044,634		67	%		21,928,397		22	%
Diluted Shares (Average)		26,506,308			15,793,002		68	%		21,690,564		22	%
Book Value Shares (Period End) (3)		26,865,543			16,140,608		66	%		26,753,464		0	%
Key Ratios: (4)
Return on Average Assets		0.34	%		0.61	%				0.53	%
Return on Average Common Equity		2.73	%		5.11	%				4.98	%
Return on Average Tangible Common Equity (2)		3.73	%		8.75	%				6.94	%
Net Interest Margin (TE) (1)		3.05	%		3.17	%				3.16	%
Efficiency Ratio		75.1	%		70.9	%				68.7	%
Tangible Efficiency Ratio (TE) (1) (2)		71.8	%		68.2	%				66.1	%
Average Loans to Average Deposits		70.6	%		91.7	%				74.4	%
Nonperforming Assets to Total Assets (5)		7.63	%		1.04	%				8.91	%
Allowance for Loan Losses to Loans		1.67	%		1.21	%				1.11	%
Net Charge-offs to Average Loans		0.44	%		0.33	%				0.36	%
Average Equity to Average Total Assets		12.56	%		11.86	%				10.72	%
Tier 1 Leverage Ratio		11.15	%		9.24	%				11.64	%
Common Stock Dividend Payout Ratio		103.3	%		64.8	%				69.9	%
Tangible Common Equity Ratio		10.28	%		7.44	%				10.19	%
Tangible Common Equity to Risk-Weighted Assets		18.60	%		9.76	%				16.99	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

⁽³⁾ Shares used for book value purposes exclude shares held in treasury at the end of the period.

⁽⁴⁾ All ratios are calculated on an annualized basis for the period indicated.

⁽⁵⁾ Nonperforming assets consist of nonaccruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	June 30,								March 31,			December 31,
BALANCE SHEET (End of Period)	2010			2009			% Change		2010			2009
ASSETS
Cash and Due From Banks	$	93,531		$	149,863		(37.6	%)	$	95,849		$	94,674
Interest-bearing Deposits in Banks		1,031,205			41,482		2385.9	%		892,369			80,723
Total Cash and Equivalents		1,124,736			191,345		487.8	%		988,218			175,397
Investment Securities Available for Sale		1,441,994			916,883		57.3	%		1,301,185			1,320,476
Investment Securities Held to Maturity		305,629			106,505		187.0	%		237,551			260,361
Total Investment Securities		1,747,623			1,023,388		70.8	%		1,538,736			1,580,837
Mortgage Loans Held for Sale		114,914			90,109		27.5	%		74,225			66,945
Loans, Net of Unearned Income		5,760,550			3,829,326		50.4	%		5,739,322			5,784,365
Allowance for Loan Losses		(96,000	)		(46,329	)	107.2	%		(63,875	)		(55,768	)
Loans, net		5,664,550			3,782,997		49.7	%		5,675,447			5,728,597
Loss Share Receivable		822,858			—		100.0	%		917,246			1,034,734
Premises and Equipment		195,454			130,558		49.7	%		142,961			137,426
Goodwill and Other Intangibles		257,875			258,437		(0.2	%)		259,144			260,144
Mortgage Servicing Rights		235			207		13.4	%		234			229
Other Assets		448,219			225,571		98.7	%		796,104			716,093
Total Assets	$	10,376,464		$	5,702,612		82.0	%	$	10,392,315		$	9,700,402
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	820,254		$	576,042		42.4	%	$	825,486		$	874,885
Interest-bearing Deposits		7,253,657			3,596,853		101.7	%		7,129,397			6,681,263
Total Deposits		8,073,911			4,172,895		93.5	%		7,954,883			7,556,148
Short-term Borrowings		15,000			50,000		(70.0	%)		25,000			90,000
Securities Sold Under Agreements to Repurchase		184,969			206,964		(10.6	%)		178,740			173,351
Long-term Debt		586,130			538,161		8.9	%		738,315			745,864
Other Liabilities		218,625			74,018		195.4	%		203,464			180,824
Total Liabilities		9,078,635			5,042,038		80.1	%		9,100,402			8,746,187
Total Shareholders’ Equity		1,297,829			660,574		96.5	%		1,291,913			954,215
Total Liabilities and Shareholders’ Equity	$	10,376,464		$	5,702,612		82.0	%	$	10,392,315		$	9,700,402
	For The Three Months Ended June 30,								For The Six Months Ended June 30,
INCOME STATEMENT	2010			2009			% Change		2010			2009
Interest Income	$	101,217		$	60,974		66.0	%	$	198,837		$	121,295
Interest Expense		31,078			22,698		36.9	%		59,492			46,732
Net Interest Income		70,139			38,276		83.2	%		139,345			74,563
Provision for Loan Losses		12,899			7,783		65.7	%		26,100			10,815
Net Interest Income After Provision for Loan Losses		57,240			30,493		87.7	%		113,245			63,748
Service Charges		6,376			5,479		16.4	%		12,277			10,751
ATM / Debit Card Fee Income		2,557			1,963		30.2	%		4,882			3,677
BOLI Proceeds and Cash Surrender Value Income		717			720		(0.4	%)		1,426			1,433
Gain on Acquisition		—			—		—			3,781			—
Gain on Sale of Loans, net		10,625			10,808		(1.7	%)		17,999			19,338
Gain (Loss) on Sale of Investments, net		60			5,879		(99.0	%)		983			5,882
Title Revenue		4,813			5,232		(8.0	%)		8,516			9,711
Broker Commissions		1,671			1,000		67.0	%		2,883			2,215
Other Noninterest Income		3,885			949		309.4	%		6,310			2,752
Total Noninterest Income		30,704			32,030		(4.1	%)		59,057			55,759
Salaries and Employee Benefits		39,578			26,652		48.5	%		75,390			50,879
Occupancy and Equipment		8,121			5,781		40.5	%		15,714			11,413
Amortization of Acquisition Intangibles		1,269			622		104.2	%		2,279			1,243
Other Noninterest Expense		26,807			16,759		60.0	%		49,392			30,071
Total Noninterest Expense		75,775			49,814		52.1	%		142,775			93,606
Income Before Income Taxes		12,169			12,709		(4.2	%)		29,527			25,901
Income Taxes		3,329			4,235		(21.4	%)		7,684			8,282
Net Income	$	8,840		$	8,474		4.3	%	$	21,843		$	17,619
Preferred Stock Dividends		—			—		—			—			(3,350	)
Earnings Available to Common Shareholders - Basic		8,840			8,474		4.3	%		21,843			14,269
Earnings Allocated to Unvested Restricted Stock		(189	)		(250	)	(24.6	%)		(443	)		(414	)
Earnings Available to Common Shareholders - Diluted		8,651			8,224		5.2	%		21,400			13,855
Earnings Per Share, diluted	$	0.33		$	0.52		(37.3	%)	$	0.88		$	0.88

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Quarter Ended
BALANCE SHEET (Average)	June 30, 2010			March 31, 2010			December 31, 2009			September 30, 2009			June 30, 2009
ASSETS
Cash and Due From Banks	$	95,822		$	92,145		$	75,435		$	59,975		$	78,939
Interest-bearing Deposits in Banks		1,007,124			387,929			305,371			299,591			61,115
Investment Securities		1,617,372			1,569,301			1,327,579			1,074,896			1,033,274
Mortgage Loans Held for Sale		82,502			50,810			58,785			60,350			89,298
Loans, Net of Unearned Income		5,616,203			5,737,876			5,070,584			4,049,351			3,788,273
Allowance for Loan Losses		(63,115	)		(55,133	)		(49,442	)		(45,711	)		(42,970	)
Loss Share Receivable		914,437			1,033,377			590,804			38,784			—
Other Assets		1,050,169			1,054,224			787,488			592,455			585,001
Total Assets	$	10,320,514		$	9,870,529		$	8,166,604		$	6,129,691		$	5,592,930
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	818,985		$	824,959		$	749,262		$	583,229		$	570,298
Interest-bearing Deposits		7,138,919			6,887,249			5,424,348			3,864,927			3,558,739
Total Deposits		7,957,904			7,712,208			6,173,610			4,448,156			4,129,037
Short-term Borrowings		17,967			32,769			31,054			2,174			22,489
Securities Sold Under Agreements to Repurchase		176,357			168,303			188,339			210,115			149,664
Long-term Debt		639,923			736,458			681,789			536,877			541,557
Other Liabilities		231,875			162,675			174,133			94,189			86,804
Total Liabilities		9,024,026			8,812,413			7,248,925			5,291,511			4,929,551
Total Shareholders’ Equity		1,296,488			1,058,116			917,679			838,180			663,379
Total Liabilities and Shareholders’ Equity	$	10,320,514		$	9,870,529		$	8,166,604		$	6,129,691		$	5,592,930
	2010						2009
INCOME STATEMENT	Second Quarter			First Quarter			Fourth Quarter			Third Quarter			Second Quarter
Interest Income	$	101,217		$	97,620		$	85,538		$	63,554		$	60,974
Interest Expense		31,078			28,414			27,982			22,888			22,698
Net Interest Income		70,139			69,206			57,556			40,666			38,276
Provision for Loan Losses		12,899			13,201			9,260			25,295			7,783
Net Interest Income After Provision for Loan Losses		57,240			56,005			48,296			15,371			30,493
Total Noninterest Income		30,704			28,353			196,353			80,874			32,030
Total Noninterest Expense		75,775			67,000			75,114			54,540			49,814
Income Before Income Taxes		12,169			17,358			169,535			41,705			12,709
Income Taxes		3,329			4,354			60,633			16,976			4,235
Net Income	$	8,840		$	13,004		$	108,902		$	24,729		$	8,474
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic	$	8,840		$	13,004		$	108,902		$	24,729		$	8,474
Earnings Allocated to Unvested Restricted Stock		(189	)		(252	)		(2,717	)		(603	)		(250	)
Earnings Available to Common Shareholders - Diluted	$	8,651		$	12,752		$	106,185		$	24,126		$	8,224
Earnings Per Share, basic	$	0.33		$	0.60		$	5.27		$	1.22		$	0.53
Earnings Per Share, diluted	$	0.33		$	0.59		$	5.23		$	1.21		$	0.52
Book Value Per Share	$	48.31		$	48.29		$	46.04		$	41.41		$	41.13
Return on Average Assets		0.34	%		0.53	%		5.29	%		1.60	%		0.61	%
Return on Average Common Equity		2.73	%		4.98	%		46.93	%		11.66	%		5.11	%
Return on Average Tangible Common Equity		3.73	%		6.94	%		66.25	%		17.10	%		8.75	%

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	June 30,								March 31,			December 31,
LOANS RECEIVABLE	2010			2009			% Change		2010			2009
Residential Mortgage Loans:
Residential 1-4 Family	$	767,502		$	453,807		69.1	%	$	953,425		$	975,395
Construction/ Owner Occupied		23,251			23,768		(2.2	%)		25,516			32,857
Total Residential Mortgage Loans		790,753			477,575		65.6	%		978,941			1,008,252
Commercial Loans:
Real Estate		2,484,828			1,584,791		56.8	%		2,488,277			2,500,433
Business		1,348,217			847,017		59.2	%		1,221,563			1,217,326
Total Commercial Loans		3,833,045			2,431,808		57.6	%		3,709,840			3,717,759
Consumer Loans:
Indirect Automobile		268,936			270,188		(0.5	%)		260,470			259,339
Home Equity		722,272			507,619		42.3	%		643,891			649,821
Automobile		30,640			29,685		3.2	%		30,483			30,552
Credit Card Loans		42,301			40,403		4.7	%		41,738			44,561
Other		72,603			72,048		0.8	%		73,959			74,081
Total Consumer Loans		1,136,752			919,943		23.6	%		1,050,541			1,058,354
Total Loans Receivable		5,760,550			3,829,326		50.4	%		5,739,322			5,784,365
Allowance for Loan Losses		(96,000	)		(46,329	)				(63,875	)		(55,768	)
Loans Receivable, Net	$	5,664,550		$	3,782,997				$	5,675,447		$	5,728,597
	June 30,								March 31,			December 31,
ASSET QUALITY DATA	2010			2009			% Change		2010			2009
Nonaccrual Loans	$	652,359		$	28,519		2187.5	%	$	816,718		$	893,441
Foreclosed Assets		12			19		(35.6	%)		15			35
Other Real Estate Owned		45,831			17,333		164.4	%		50,126			74,056
Accruing Loans More Than 90 Days Past Due		93,712			13,259		606.8	%		59,575			43,952
Total Nonperforming Assets	$	791,914		$	59,130		1239.3	%	$	926,434		$	1,011,485
Nonperforming Assets to Total Assets		7.63	%		1.04	%	636.0	%		8.91	%		10.43	%
Nonperforming Assets to Total Loans and OREO		13.6	%		1.54	%	787.3	%		16.00	%		17.27	%
Allowance for Loan Losses to Nonperforming Loans (1)		12.9	%		110.9	%	(88.4	%)		7.3	%		5.9	%
Allowance for Loan Losses to Nonperforming Assets		12.1	%		78.4	%	(84.5	%)		6.9	%		5.5	%
Allowance for Loan Losses to Total Loans		1.67	%		1.21	%	37.7	%		1.11	%		0.96	%
Year to Date Charge-offs	$	14,596		$	6,426		127.1	%	$	6,809		$	33,267
Year to Date Recoveries		(3,391	)		(1,068	)	217.5	%		(1,715	)	$	(2,646	)
Year to Date Net Charge-offs	$	11,205		$	5,358		109.1	%	$	5,094		$	30,621
Quarter to Date Net Charge-offs	$	6,111		$	3,116		96.1	%	$	5,094		$	2,283
(1)       Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due.
	June 30,								March 31,			December 31,
DEPOSITS	2010			2009			% Change		2010			2009
Noninterest-bearing Demand Accounts	$	820,254		$	576,042		42.4	%	$	825,486		$	874,885
NOW Accounts		1,333,120			947,963		40.6	%		1,407,066			1,351,609
Savings and Money Market Accounts		2,808,412			1,127,996		149.0	%		2,569,254			2,253,065
Certificates of Deposit		3,112,125			1,520,894		104.6	%		3,153,077			3,076,589
Total Deposits	$	8,073,911		$	4,172,895		93.5	%	$	7,954,883		$	7,556,148

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	June 30, 2010					March 31, 2010					June 30, 2009
	Average Balance			Average Yield/Rate (%)		Average Balance			Average Yield/Rate (%)		Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	902,597		7.26	%	$	992,178		5.78	%	$	492,293		5.65	%
Commercial Loans (TE) (1)		3,644,349		6.22	%		3,695,589		5.69	%		2,383,784		4.68	%
Consumer and Other Loans		1,069,257		6.81	%		1,050,109		6.49	%		912,196		6.49	%
Total Loans		5,616,203		6.50	%		5,737,876		5.85	%		3,788,273		5.24	%
Mortgage Loans Held for Sale		82,502		4.65	%		50,810		4.69	%		89,298		4.74	%
Investment Securities (TE) (1)(2)		1,573,403		3.23	%		1,541,471		3.39	%		1,006,051		4.47	%
Other Earning Assets		2,088,590		0.16	%		1,639,602		0.08	%		95,881		0.82	%
Total Earning Assets		9,360,698		4.38	%		8,969,759		4.45	%		4,979,503		4.99	%
Allowance for Loan Losses		(63,115	)				(55,133	)				(42,970	)
Nonearning Assets		1,022,931					955,903					656,397
Total Assets	$	10,320,514				$	9,870,529				$	5,592,930
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts	$	1,347,510		0.74	%	$	1,396,948		0.75	%	$	947,363		0.86	%
Savings and Money Market Accounts		2,678,399		1.54	%		2,413,163		1.64	%		1,101,165		1.43	%
Certificates of Deposit		3,113,010		1.71	%		3,077,138		1.41	%		1,510,211		2.88	%
Total Interest-bearing Deposits		7,138,919		1.46	%		6,887,249		1.36	%		3,558,739		1.90	%
Short-term Borrowings		194,324		0.40	%		201,072		0.39	%		172,153		0.71	%
Long-term Debt		639,923		3.01	%		736,458		2.81	%		541,557		4.07	%
Total Interest-bearing Liabilities		7,973,166		1.56	%		7,824,779		1.47	%		4,272,449		2.12	%
Noninterest-bearing Demand Deposits		818,985					824,959					570,298
Noninterest-bearing Liabilities		231,875					162,675					86,804
Total Liabilities		9,024,026					8,812,413					4,929,551
Shareholders’ Equity		1,296,488					1,058,116					663,379
Total Liabilities and Shareholders’ Equity	$	10,320,514				$	9,870,529				$	5,592,930
Net Interest Spread	$	70,139		2.82	%	$	69,206		2.97	%	$	38,276		2.87	%
Tax-equivalent Benefit		2,591		0.08	%		1,833		0.08	%		1,418		0.11	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	72,730		3.05	%	$	71,039		3.16	%	$	39,694		3.17	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Balances exclude unrealized gain or loss on securities available for sale and impact of trade date accounting.

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Six Months Ended
	June 30, 2010					June 30, 2009
	Average Balance			Average Yield/Rate (%)		Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	947,300		6.49	%	$	506,657		5.65	%
Commercial Loans (TE) (1)		3,670,920		5.95	%		2,349,946		4.68	%
Consumer and Other Loans		1,059,835		6.65	%		909,175		6.56	%
Total Loans		5,678,055		6.17	%		3,765,778		5.26	%
Mortgage Loans Held for Sale		66,744		4.66	%		85,624		4.76	%
Investment Securities (TE) (1)(2)		1,557,201		3.31	%		987,211		4.54	%
Other Earning Assets		1,870,318		0.13	%		137,499		0.62	%
Total Earning Assets		9,172,318		4.41	%		4,976,112		4.98	%
Allowance for Loan Losses		(59,022	)				(41,847	)
Nonearning Assets		988,139					649,446
Total Assets	$	10,101,435				$	5,583,711
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing Liabilities
Deposits:
NOW Accounts	$	1,372,092		0.74	%	$	928,920		0.88	%
Savings and Money Market Accounts		2,540,867		1.59	%		1,054,342		1.48	%
Certificates of Deposit		3,096,390		1.56	%		1,527,308		3.02	%
Total Interest-bearing Deposits		7,009,349		1.41	%		3,510,570		1.99	%
Short-term Borrowings		197,853		0.39	%		179,508		0.77	%
Long-term Debt		687,924		2.90	%		547,167		4.13	%
Total Interest-bearing Liabilities		7,895,126		1.52	%		4,237,245		2.22	%
Noninterest-bearing Demand Deposits		821,956					562,328
Noninterest-bearing Liabilities		206,809					80,758
Total Liabilities		8,923,891					4,880,331
Shareholders’ Equity		1,177,544					703,380
Total Liabilities and Shareholders’ Equity	$	10,101,435				$	5,583,711
Net Interest Spread	$	139,345		2.89	%	$	74,563		2.77	%
Tax-equivalent Benefit		4,424		0.08	%		2,755		0.11	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	143,769		3.10	%	$	77,318		3.10	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Balances exclude unrealized gain or loss on securities available for sale and impact of trade date accounting.

IBERIABANK CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(dollars in thousands)

	For The Quarter Ended
	6/30/2010			3/31/2010			6/30/2009
Net Interest Income	$	70,139		$	69,206		$	38,276
Effect of Tax Benefit on Interest Income		2,591			1,833			1,418
Net Interest Income (TE) (1)		72,730			71,039			39,694
Noninterest Income		30,704			28,353			32,030
Effect of Tax Benefit on Noninterest Income		386			382			388
Noninterest Income (TE) (1)		31,090			28,735			32,418
Total Revenues (TE) (1)	$	103,820		$	99,774		$	72,112
Total Noninterest Expense	$	75,775		$	67,000		$	49,814
Less Intangible Amortization Expense		(1,269	)		(1,010	)		(622	)
Tangible Operating Expense (2)	$	74,506		$	65,990		$	49,192
Return on Average Common Equity		2.73	%		4.98	%		5.11	%
Effect of Intangibles (2)		1.00	%		1.96	%		3.64	%
Return on Average Tangible Common Equity (2)		3.73	%		6.94	%		8.75	%
Efficiency Ratio		75.1	%		68.7	%		70.9	%
Effect of Tax Benefit Related to Tax Exempt Income		(2.1	%)		(1.5	%)		(1.8	%)
Efficiency Ratio (TE) (1)		73.0	%		67.2	%		69.1	%
Effect of Amortization of Intangibles		(1.2	%)		(1.1	%)		(0.9	%)
Tangible Efficiency Ratio (TE) (1) (2)		71.8	%		66.1	%		68.2	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

EX-99.2

2Q10 Earnings Conference Call

Supplemental Materials

July 21, 2010

Exhibit 99.2

2

Forward Looking Statements

Safe Harbor

Statements contained in this presentation which are

not historical facts and which pertain to future

operating results of IBERIABANK Corporation and its

subsidiaries constitute “forward-looking statements”

within the meaning of the Private Securities Litigation

Reform Act of 1995. These forward-looking

statements involve significant risks and uncertainties. 

Actual results may differ materially from the results

discussed in these forward-looking statements. 

Factors that might cause such a difference include,

but are not limited to, those discussed in the

Company’s periodic and other filings with the SEC.

3

Introductory

Comments

4

Introductory Comments

Summary –

Position

Favorable Balance Sheet Composition

Very Balanced; Core Funded; Low C&D Exposure

Continued Good Asset Quality; Extraordinary Capital

Favorable Interest Rate And Credit Risk Positioning

Some of the Highest Capital Ratios of Bank Holding

Companies with More Than $5 Billion in Assets

Approximately $1.0 Billion in Excess Cash

Future Growth Engines in Multiple Markets

Strategic

Recruiting

Continued

During

The

2

nd

Quarter

Fortunately, We Avoided What Ails The Banking Industry

Remain Well Positioned For Future Opportunities

Corporate Overview

2Q10

Deposit Market Share as of  June 30, 2009

Source: SNL Financial

Map Reflects Locations as of  June 30, 2010

NASDAQ Traded     IBKC

Headquarters

Lafayette, LA

Founded

1887

Market Cap               $ 1.4 Billion

Locations                     214

(Bank Branches       134)

FTE’s                           1,993

Asset Size

$ 10.4 Billion

Deposits                   $  8.1 Billion

Loans                        $ 5.8 Billion

Clients                         216,000

Subsidiaries

IBERIABANK

IBERIABANK fsb

Lenders Title

Arkansas

36 Branches

$964 mm deposits

#11 Rank

23 Non-bank Offices

Texas

2 Branches

Opened in 2009

Not Yet Ranked

3 Non-bank Offices

Louisiana

50 Branches

$3.14 bil deposits

#5 Rank

22 Non-bank Offices

Alabama

8 Branches

$411 mm deposits

#23 Rank

3 Non-bank Offices

Florida

36 Branches

$2.96 bil deposits

#20 Rank

8 Non-bank Offices

Tennessee

2 Branches

$101 mm deposits

#145 Rank

1 Non-bank Office

6

Introductory Comments

Strategic Goals & Priorities

•

Double-Digit Annual EPS Growth

•

ROTE Of 23% -

25%

•

Bank Tangible Efficiency < 50%

•

Top Quartile Asset Quality

•

Develop Memphis, Mobile & Houston

•

Deepen Share In Little Rock, Baton Rouge,

New Orleans, And Shreveport

•

Expand Wealth Management/Financial

Advisory Business

•

Provide Depth For Unusual Opportunities

•

Grind Our Way Through The Credit Cycle

Strategic

Strategic

Goals

Goals

18-Month

18-Month

Priorities

Priorities

7

Financial Overview

8

Introductory Comments

Summary –

2Q10 and 6/30/10

T/E Net Interest Income Up $1.7mm (+2%)

Credit Quality Statistics Excluding FDIC Covered Assets:

•

NPA/Assets = 0.91% (1.01% in 1Q10)

•

30+ Days Past Due = 1.90% (2.04% in 1Q10)

•

Loan Loss Reserve/Loans = 1.52% (1.53% in 1Q10)

•

Net COs/Avg Loans = 0.57% (0.41% in 1Q10)

•

Provision = $6mm ($13mm in 1Q10)

Minimal Investment Sale Gains in 2Q10 ($0.1mm Gain in 1Q10)

One-Time Acquisition Related Costs = $3.5mm ($2.3mm in

1Q10)

EPS = $0.33, Down 45% from 1Q10

$6.4mm or $0.15 EPS Impact In 2Q10 Related To Additional

Impairment On FDIC Covered Assets

9

Financial Overview

Favorable Balance Sheet Growth

2Q10 Results

2Q10 Results

•

Loans +$21mm, +0.4%

•

Deposits +$119mm +1%

•

Loan/Deposits = 71%

•

Equity = +$6mm, +1%

•

Equity/Assets = 12.56%

•

Tier 1 Leverage = 11.15%

•

Div Payout = 103.3%

•

ROA = 0.34%

•

ROE = 2.73%

•

ROTE = 3.73%

•

Efficiency Ratio = 75%

•

Tang Eff. Ratio = 72%

•

BV/Share = $48.31

•

Tang BV/Share = $38.71

New Markets

Loans

10

data through July 19, 2010

New Markets

Non-Core Deposits

11

data through July 19, 2010

New Markets

Core Deposits

12

Deposit data through July 19, 2010

13

Financial Overview

Trends -

Mortgage Interest Rates

Source: Bloomberg

Source: Bloomberg

Conforming

Rates

Remain Low

Substantial

Refi

Activity

Sales

Spreads

Remain

Favorable

Improved

Competitive

Dynamics In

Mortgage

Business

14

Financial Overview

Trends –

Jumbo Mortgage Rates

Source: Bloomberg

Source: Bloomberg

Subprime Mtg.

Market Gone &

Alt-A Market Is

Stalled

Jumbo Spread

Has Narrowed

Considerably

Mix Of FHA/VA

& Conforming

Product

In  June, 42%

Of Our

Production

Was FHA/VA

And 45% Was

Conventional

15

Financial Overview

Mortgage Quarterly Revenues

In 2Q10 Closed

$442mm (+50%

Vs. 1Q10)

In 2Q10 Sold

$400mm (+39%

Vs. 1Q10)

2

nd

Highest

Revenue Quarter

in Company

History

2Q10 Vs. 1Q10:

44% Increase In

Mtg. Revenues

$197mm Locked

Pipeline on

7/16/10

16

Financial Overview

Title Insurance Qtrly

Revenues

Title & Mortgage

Footprints Don’t

Necessarily

Overlap

2Q10: $4.8mm

In Revenues    

(+30% Vs. 1Q10)

Impairment

Recorded in

4Q09 Totaling

$9.7 mm

17

Financial Overview

Quarterly Repricing Schedule

Excess Cash Methodically Being Deployed

Favorable Repricing Opportunities

Includes Orion Bank and Century Bank Acquisitions

2Q10

3Q10

4Q10

1Q11

2Q11

Cash Equivalents

1,094.1

$    

-

$      

-

$      

-

$      

-

$      

1.27%

0.00%

0.00%

0.00%

0.00%

Investments

191.6

$      

157.0

$   

109.3

$   

96.4

$    

77.6

$    

3.69%

4.24%

4.49%

4.31%

4.45%

Loans

2,427.8

$    

295.6

$   

326.5

$   

282.3

$   

221.0

$   

4.86%

6.09%

5.04%

5.50%

5.22%

Time Deposits

667.1

$      

579.2

$   

471.7

$   

453.6

$   

219.3

$   

2.08%

1.87%

1.85%

1.77%

2.06%

Borrowed Funds

407.9

$      

8.5

$      

39.8

$    

1.0

$      

6.3

$      

1.76%

4.94%

2.41%

4.12%

4.59%

18

Financial Overview

Interest Rate Simulations

Source: Bancware

Source: Bancware

Bancware

model, as of June 30, 2010

model, as of June 30, 2010

As Rates Have Fallen And Cash Has Accumulated, Become

More Asset Sensitive

Degree Is A Function Of The Reaction Of Competitors To

Changes In Deposit Pricing

Forward Curve Has A Positive Impact Over 12 Months

Includes FDIC Assisted Acquisitions of CapitalSouth, Orion and Century

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-2.2%

-1.6%

0.0%

10.0%

20.4%

2.0%

1.2%

Economic

Value of

Equity

-9.8%

-5.7%

0.0%

2.4%

1.4%

-0.7%

0.7%

19

Capital

Annual Change In Stock Price

20

Capital

Last 12 Months Price Change By Index

Source: SNL Through July 19, 2010

Source: SNL Through July 19, 2010

(20.0)

(15.0)

(10.0)

(5.0)

-

5.0

10.0

15.0

20.0

25.0

30.0

35.0

New England Banks

Banks $500M-$1B

Micro Cap Banks

Banks $1B-$5B

Banks $250M-$500M

Banks < $500M

NASDAQ Bank

Western Banks

Banks < $250M

NASDAQ Finl

NYSE

Large Cap Banks

Banks

Mid-Atlantic Banks

Banks > $10B

S&P 500

Southeast Banks

Russell 3000

All Financial Institutions

S&P Financials

NASDAQ

Russell 2000

S&P Small-Cap

S&P Bank

Banks $5B-$10B

Midwest Banks

Small Cap Banks

IBERIABANK Corporation

S&P Mid-Cap

KBW Bank

Mid Cap Banks

Southwest Banks

TARP Participants

+24%

21

Capital

3 Years Price Change By Index

Source: SNL Through July 16, 2010

Source: SNL Through July 16, 2010

(80.0)

(70.0)

(60.0)

(50.0)

(40.0)

(30.0)

(20.0)

(10.0)

-

10.0

Southeast Banks

S&P Bank

Micro Cap Banks

Mid Cap Banks

S&P Financials

Banks > $10B

KBW Bank

Banks

Mid-Atlantic Banks

Large Cap Banks

TARP Participants

Midwest Banks

Banks $250M-$500M

Banks < $500M

All Financial Institutions

Banks $500M-$1B

Banks $1B-$5B

Banks < $250M

Small Cap Banks

NASDAQ Bank

New England Banks

Banks $5B-$10B

NASDAQ Finl

Southwest Banks

NYSE

Western Banks

S&P 500

Russell 3000

Russell 2000

S&P Small-Cap

S&P Mid-Cap

NASDAQ

IBERIABANK Corporation

+10%

22

Asset Quality

Residential

7%

Home Equity

8%

Credit Card

1%

Automobile

1%

Indirect

Automobile

4%

Other Consumer

1%

Business

17%

Commercial RE

23%

All Other Loans

2%

CapitalSouth

Gross Loans

= 4%,

Discount = 1%

Orion

Gross

Loans

= 13%,

Discount = 9%

Century

Gross Loans

= 6%,

Discount = 3%

indicates

loan discount

23

Asset Quality

Loan Portfolio Mix

% based on gross portfolio –

excluding discounts on

loans acquired in FDIC-assisted transactions

$000s

% of CRE

%

Loans

C&D-IBERIABANK fsb

59,218

$            

4%

1%

C&D-IBERIABANK

243,191

16%

4%

CRE-Owner Occupied

588,305

38%

9%

CRE-Non-Owner Occupied

670,320

43%

10%

Total Commercial RE

1,561,034

$        

100%

23%

25

Asset Quality

2Q10 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

     ($thousands)

4Q09

1Q10

2Q10

4Q09

1Q10

2Q10

4Q09

1Q10

2Q10

Nonaccruals

865,494

$   

792,148

$   

629,822

$   

27,947

$     

24,569

$     

22,537

$     

893,441

$   

816,717

$   

652,358

$   

OREO & Foreclosed

62,811

38,706

35,666

11,281

11,436

10,177

74,092

50,142

45,843

90+ Days Past Due

42,184

58,259

91,296

1,767

1,316

2,416

43,952

59,575

93,712

  Nonperforming Assets

970,489

$   

889,113

$   

756,784

$   

40,996

$     

37,321

$     

35,130

$     

1,011,485

$ 

926,434

$   

791,914

$   

NPAs/Assets

12.05%

10.24%

8.76%

2.68%

2.27%

2.11%

10.43%

8.91%

7.63%

NPAs/(Loans + OREO)

20.05%

18.67%

15.77%

4.03%

3.64%

3.49%

17.27%

16.00%

13.64%

LLR/Loans

0.72%

0.93%

1.59%

2.12%

1.98%

2.04%

0.96%

1.11%

1.67%

Net Charge-Offs/Loans

0.04%

0.13%

0.47%

0.78%

1.41%

0.31%

0.18%

0.36%

0.44%

Past Dues:

30-89 Days Past Due

199,558

$   

110,121

$   

115,094

$   

9,461

$       

7,647

$       

3,585

$       

209,019

$   

117,769

$   

118,679

$   

90+ days Past Due

42,184

58,259

91,296

1,767

1,316

2,416

43,952

59,575

93,712

Nonaccual Loans

865,494

792,148

629,822

27,947

24,569

22,537

893,441

816,717

652,358

Total 30+ Past Dues

1,107,236

$ 

960,528

$   

836,213

$   

39,176

$     

33,533

$     

28,537

$     

1,146,412

$ 

994,061

$   

864,750

$   

% Loans

23.17%

20.33%

17.55%

3.90%

3.30%

2.86%

19.82%

17.32%

15.01%

Loan Mix:

Commercial

61.6%

61.9%

64.6%

67.8%

69.1%

68.5%

62.7%

63.0%

65.0%

Consumer

11.7%

11.8%

13.3%

19.0%

18.5%

18.9%

13.0%

13.0%

14.3%

Mortgage

19.6%

19.2%

14.9%

6.8%

6.4%

6.6%

17.3%

17.1%

13.6%

Business Banking

1.7%

1.6%

1.6%

2.1%

2.0%

1.9%

1.7%

1.7%

1.7%

Indirect

5.4%

5.5%

5.6%

0.0%

0.0%

0.0%

4.5%

4.5%

4.7%

Credit Cards

0.0%

0.0%

0.0%

4.3%

4.0%

4.1%

0.8%

0.7%

0.7%

   Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

IBERIABANK

IBERIABANK fsb

IBERIABANK Corporation

26

Asset Quality

Loans Past Due + Non-Accruals

By Entity:

3/31/09

6/30/09

9/30/09

12/31/09

3/31/10

6/30/10

IBERIABANK (Ex-FDIC Covered Assets)

     30+ days past due

0.31%

0.33%

0.32%

0.58%

0.67%

0.81%

     Non-accrual

0.54%

0.47%

0.45%

0.38%

0.94%

0.78%

     Total Past Due

0.85%

0.80%

0.77%

0.96%

1.61%

1.59%

IBERIABANK fsb

     30+ days past due

1.85%

1.73%

1.09%

1.12%

0.88%

0.60%

     Non-accrual

2.12%

1.68%

2.45%

2.78%

2.42%

2.26%

     Total Past Due

3.97%

3.41%

3.54%

3.90%

3.30%

2.86%

Consolidated (Ex-FDIC Covered Assets)

     30+ days past due

0.65%

0.64%

0.50%

0.72%

0.73%

0.77%

     Non-accrual

0.90%

0.74%

0.92%

0.97%

1.31%

1.13%

     Total Past Due

1.55%

1.38%

1.42%

1.69%

2.04%

1.90%

CapitalSouth Only

     30+ days past due

7.62%

7.59%

10.01%

9.78%

     Non-accrual

24.64%

29.68%

23.97%

26.19%

     Total Past Due

32.26%

37.27%

33.98%

35.97%

Orion Only

     30+ days past due

16.54%

8.56%

12.49%

     Non-accrual

57.58%

59.86%

41.73%

     Total Past Due

74.12%

68.42%

54.22%

Century Only

     30+ days past due

10.52%

10.81%

11.79%

     Non-accrual

53.50%

43.73%

45.10%

     Total Past Due

64.02%

54.54%

56.89%

Consolidated With FDIC Covered Assets

     30+ days past due

1.08%

4.37%

3.09%

3.69%

     Non-accrual

2.87%

15.45%

14.23%

11.32%

     Total Past Due

3.95%

19.82%

17.32%

15.01%

Loans Past Due

Loans Past Due 30 Days Or More And Nonaccruing Loans As % Of Loans Outstanding

27

Asset Quality

Trends –

Entity NPAs

& Past Dues

Note: Includes FDIC Assisted Acquisitions

28

Asset Quality

Trends –

Entity LLR & Net COs

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

2Q09

3Q09

4Q09

1Q10

2Q10

$Chg

6/30/09

9/30/09

12/31/09

3/31/10

06/30/10

Last Qtr.

Loan Loss Reserve*

IBERIABANK

30,098

$        

31,629

$        

34,431

$        

43,763

$        

75,660

$        

31,897

$        

IBERIABANK fsb

16,231

17,158

21,337

20,112

20,340

228

Consolidated

46,329

$        

48,787

$        

55,768

$        

63,875

$        

96,000

$        

32,125

$        

LLR / Total Loans

IBERIABANK

1.01%

0.94%

0.72%

0.93%

1.59%

IBERIABANK fsb

1.89%

1.86%

2.12%

1.98%

2.04%

Consolidated

1.21%

1.13%

0.96%

1.11%

1.67%

Net Charge-Offs

IBERIABANK

553

$             

8,943

$          

419

$             

1,530

$          

5,351

$          

3,821

$          

IBERIABANK fsb

2,562

14,041

1,865

3,564

760

(2,804)

Consolidated

3,116

$          

22,984

$        

2,284

$          

5,094

$          

6,111

$          

1,017

$          

Net COs/Avg Loans

IBERIABANK

0.08%

1.13%

0.04%

0.13%

0.46%

IBERIABANK fsb

1.22%

6.16%

0.78%

1.41%

0.31%

Consolidated

0.33%

2.26%

0.18%

0.36%

0.44%

LLR Coverage Of NPAs

IBERIABANK

159%

28%

4%

5%

10%

IBERIABANK fsb

40%

47%

52%

54%

58%

Consolidated

78%

32%

6%

7%

12%

*

Does not include loan discounts associated with acquisitions.

29

Asset Quality

Loan Mix And 30 Days+ Past Due

(Dollars in $000s)

2Q09

3Q09

4Q09

1Q10

2Q10**

2Q10

6/30/09

9/31/09

12/31/09

3/31/10

06/30/10

06/30/10

% of Outstandings

Commercial

60.9%

63.1%

62.7%

63.0%

65.7%

65.0%

Mortgage

12.5%

12.6%

17.3%

17.1%

10.2%

13.6%

Consumer

15.9%

14.8%

13.0%

13.0%

14.6%

14.3%

Indirect

7.1%

6.2%

4.5%

4.5%

6.4%

4.7%

Business Banking

2.6%

2.3%

1.7%

1.7%

2.3%

1.7%

Credit Cards

1.0%

1.0%

0.8%

0.7%

1.0%

0.7%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

1.45%

4.82%

24.62%

21.17%

2.04%

17.08%

Mortgage

1.25%

4.25%

17.52%

16.61%

1.92%

16.54%

Consumer

1.20%

1.82%

9.74%

8.06%

1.68%

10.96%

Indirect

1.06%

1.05%

1.19%

1.01%

0.78%

0.78%

Business Banking

1.29%

1.33%

2.17%

2.73%

2.51%

2.51%

Credit Cards

1.32%

1.20%

1.52%

2.12%

1.48%

1.71%

Total Loans

1.38%

3.95%

19.82%

17.32%

1.90%

15.01%

IBERIABANK

0.80%

4.06%

23.04%

20.21%

1.59%

17.42%

IBERIABANK fsb

3.41%

3.54%

3.90%

3.30%

2.86%

2.86%

Consolidated

1.38%

3.95%

19.82%

17.32%

1.90%

15.01%

*

Includes nonaccruing loans

**

Excludes FDIC assisted acquisitions

30

Asset Quality

Loan Loss Reserve

IBERIABANK Franchise

•

IBERIABANK Comprises 82% Of Consolidated Loan Portfolio

•

Legacy IBERIABANK Credits Performing Very Well

•

Classified Assets And NPAs Remain Favorable

•

$ 12 Million Loan Loss Provision In 2Q10 (1Q10 = $11 Million)

IBERIABANKfsb

Franchise

•

Construction Portfolio Continues To Compress

•

Continuing To Aggressively Address Potential Problems

•

$1 Million Loan Loss Provision in 2Q10 (1Q10 = $2 Million)

$6.0 Million In

Legacy Net

Charge-Offs In

2Q10 (0.57% Of

Average Loans)

2Q09

3Q09

4Q09

1Q10

2Q10

Net Charge-Offs - Legacy IBKC

5,358

$     

22,980

$   

2,283

$     

5,094

$     

5,956

$     

Loan Growth

864

5,325

14,326

(501)

354

Change In Asset Quality

3,803

(3,009)

(7,350)

8,608

158

Loan Loss Provision - Legacy IBKC

10,025

$   

25,295

$   

9,260

$     

13,201

$   

6,468

$     

Loan Loss Provision - FDIC Acqs.

-

-

-

-

6,431

Total Loan Loss Provision

10,025

$   

25,295

$   

9,260

$     

13,201

$   

12,899

$   

Net Charge-Offs/Avg. Loans

0.33%

2.25%

0.18%

0.36%

0.44%

Loan Loss Reserve/Loans

1.21%

1.14%

0.96%

1.11%

1.67%

31

Asset Quality

C&D Loans And

NPAs Compared To

Peers

Source: SNL, using most recent quarterly information

Source: SNL, using most recent quarterly information

The Lowest Level Of

C&D Loan Exposure

Compared To Peers

One Of The Lowest

Levels Of NPAs

Compared To Peers

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

IBKC

SFNC

SBCF

HBHC

TRMK

PNFP

CCBG

BXS

PRSP

WTNY

UCBI

OZRK

5.0%

C&D Loans /

Total Loans

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

PRSP

IBKC -

Ex Acquisitions

HBHC

SFNC

BXS

PNFP

TRMK

OZRK

WTNY

CCBG

UCBI

SBCF

0.91%

9.30%

IBKC

Including Acquisitions

NPAs / Total

Assets

32

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

33

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

IBERIABANK

IBERIABANK

fsb

TOTAL

Non-Owner Occupied

Current

696.5

$        

169.8

$        

866.3

$       

Past Due

15.1

0.8

15.8

Nonaccrual

10.0

11.7

21.7

Total

721.6

$        

182.3

$        

903.8

$       

   % Nonaccrual

1.39%

6.41%

2.40%

Owner Occupied

Current

518.9

$        

127.7

$        

646.6

$       

Past Due

2.4

0.1

2.5

Nonaccrual

3.7

4.4

8.1

Total

525.1

$        

132.1

$        

657.2

$       

   % Nonaccrual

0.71%

3.30%

1.23%

Total CRE

1,246.6

$     

314.4

$        

1,561.0

$    

   % Nonaccrual

1.10%

5.10%

1.91%

Last Qtr (3/31/10)

1.46%

5.26%

2.33%

Non-Owner Occup/Tier 1 Cap.

98%

112%

74%

34

Asset Quality

Commercial Loan Composition

Note: At June 30, 2010; Includes commercial construction and land development loans –

excludes Covered Assets

35

Consumer Loan

Portfolio

36

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

11%

13%

4%

5%

6%

14%

750 - 799

36%

34%

22%

25%

26%

30%

700 - 749

25%

23%

32%

25%

26%

21%

650 - 699

15%

14%

18%

20%

17%

17%

600 - 649

4%

7%

9%

10%

10%

8%

550 - 599

4%

4%

5%

6%

6%

5%

500 - 549

2%

3%

5%

6%

5%

3%

450 - 499

1%

1%

2%

2%

2%

1%

400 - 449

0%

0%

0%

0%

1%

0%

Other

2%

1%

3%

2%

1%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

738

726

731

692

696

718

Consumer Portfolio - Score Distribution By Product

37

Consumer

Loan

Portfolio

Past Dues

By Product

Generally Good

And Stable

Asset Quality

Across

Consumer

Products

Excludes Covered Loans from FDIC Acquisitions

3/31/09

6/30/09

9/30/09

12/31/09

3/31/10

6/30/10

Home Equity Lines of Credit

30 to 59 Days Past Due

0.68%

0.19%

0.32%

0.57%

0.86%

0.47%

60 to 89 Days Past Due

0.07%

0.14%

0.07%

0.33%

0.14%

0.05%

Over 90 Days Past Due

0.11%

0.19%

0.13%

0.07%

0.14%

0.29%

Total 30+ Days Past Due

0.86%

0.52%

0.51%

0.98%

1.14%

0.80%

Net Charge-Offs

0.23%

0.07%

1.25%

0.35%

0.47%

0.58%

Home Equity Term Loans

30 to 59 Days Past Due

0.56%

0.46%

0.57%

0.85%

1.08%

0.45%

60 to 89 Days Past Due

0.17%

0.17%

0.20%

0.22%

0.18%

0.24%

Over 90 Days Past Due

0.06%

0.28%

0.21%

0.32%

0.19%

0.13%

Total 30+ Days Past Due

0.79%

0.91%

0.98%

1.38%

1.45%

0.82%

Net Charge-Offs

0.13%

0.18%

0.81%

0.08%

0.46%

0.93%

Indirect Loans

30 to 59 Days Past Due

0.54%

0.49%

0.51%

0.64%

0.49%

0.30%

60 to 89 Days Past Due

0.12%

0.19%

0.16%

0.10%

0.07%

0.08%

Over 90 Days Past Due

0.05%

0.07%

0.06%

0.09%

0.07%

0.03%

Non Accrual

0.30%

0.32%

0.36%

0.39%

0.40%

0.39%

Total 30+ Days Past Due

1.00%

1.08%

1.08%

1.23%

1.04%

0.80%

Net Charge-Offs

0.43%

0.42%

0.54%

0.43%

0.31%

0.39%

Credit Card Loans

30 to 59 Days Past Due

0.27%

0.42%

0.32%

0.40%

0.37%

0.37%

60 to 89 Days Past Due

0.38%

0.18%

0.24%

0.30%

0.48%

0.21%

Over 90 Days Past Due

0.99%

0.72%

0.64%

0.54%

0.00%

0.00%

Total 30+ Days Past Due

1.63%

1.32%

1.20%

1.24%

0.85%

0.58%

Net Charge-Offs

2.82%

4.31%

2.48%

2.63%

3.03%

3.03%

Other Consumer Loans

30 to 59 Days Past Due

1.07%

0.70%

0.47%

0.83%

0.58%

0.42%

60 to 89 Days Past Due

0.15%

0.13%

0.33%

0.75%

0.25%

0.21%

Over 90 Days Past Due

0.12%

0.23%

0.36%

0.35%

0.45%

0.10%

Total 30+ Days Past Due

1.34%

1.07%

1.15%

1.94%

1.28%

0.73%

Net Charge-Offs

2.03%

1.40%

3.35%

1.54%

2.57%

1.45%

Consumer Loan Portfolio - Quarterly Credit Statistics

Loans Past Due As A % of Product Loans

38

Consumer Loan Portfolio

By Product –

Origination Mix

39

Consumer Loan Portfolio

By Product –

Loan-To-Values

40

Consumer Loan Portfolio

Indirect –

30+ Days Past Dues

41

Consumer Loan Portfolio

Indirect –

Net Charge-Offs

42

Markets

43

Markets –

Local Economies

Unemployment –

vs. U.S. MSAs

Source: U.S. Department of Labor, Bureau of Labor Statistics

Source: U.S. Department of Labor, Bureau of Labor Statistics

Consistently

Low Rates Of

Unemploy-

ment

In Our

Legacy MSAs

Many Of Our

Legacy

Markets Not

Dependent

On Housing

For Growth

Assets In

FDIC-

Assisted

Acquisition

Markets Are

Protected

Under Loss-

Share

Agreements

44

Markets –

Local Economies

Freddie Mac –

Regional Prices

FHLMC, "U.S. Home Prices Declined 1.1% Over

Last Four Quarters" May 26, 2010

Source: Freddie Mac

Source: Freddie Mac

Last 5-Year

Housing

Price

Last 12

1Q10 vs.

Region

States Included

Change

Months

4Q09

Pacific

CA, OR, WA, HI, AK

-13.2%

4.5%

-7.8%

Middle Atlantic

NY, NJ, PA

10.1%

1.0%

-1.7%

West South Central

LA, AR, TX, OK

16.6%

0.7%

-3.5%

West North Central

IA, KS, MN, MO, ND, NE, SD

-0.2%

-1.3%

-12.1%

New England

CT, MA, ME, NH, RI, VT

-6.5%

-1.7%

-4.5%

East South Central

TN, AL, MS, KY

8.7%

-1.8%

-11.9%

East North Central

IL, IN, MI, OH, WI

-8.9%

-3.4%

-11.2%

South Atlantic

-5.2%

-4.0%

-8.8%

Mountain

AZ, CO, ID, MT, NM, NV, UT, WY

-4.4%

-6.1%

-10.8%

United States

-2.7%

-1.1%

-8.0%

45

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, 1Q10 Data

Source: Freddie Mac, 1Q10 Data

46

Markets –

Local Economies

House Price Decline Probability

Local Housing

Prices Did Not

Escalate

Rapidly, So

Little House

Price “Snap-

Back”

According To

PMI, Our

Legacy Markets

Have Some Of

The Lowest

Probabilities To

Exhibit Housing

Price Declines

Over Next 2

Years

Source: PMI Economic Real Estate Trends

Source: PMI Economic Real Estate Trends

47

IBERIABANK

Market Demographics

Source: SNL Financial

48

Markets –

Branches

Historical Office Optimization

Entered 3 New Markets

Acquired 12 Offices (All)

Closed/Consolidated 18

Offices (All Types)

Opened 10 New Bank

Offices

Opened 7 Mortgage

Offices

Divested/Sold 1 Office

5 Office Realignments

1999 Through 2005

Since 2005

Entered 26 New Markets

Acquired 138 Offices (All)

Closed/Consolidated 29

Offices (All Types)

Opened 15 New Bank

Offices

Opened 22 Mortgage

Offices

Opened 1 Title Office

11 Office Realignments

49

Markets -

Branches

Branch Expansion Initiative

Period-End Loan And Deposit Volumes

Post

Katrina

Branch

Expansion

13 Offices

2Q10 Loans

Of $184 mm

(+15% Over

1-Year)

2Q10

Deposits Of

$346 mm

(+41% Over

1-Year)

50

Markets –

Local Economies

Oil & Gas Impact

Source: Bloomberg

Source: Bloomberg

51

Summary Of IBKC

Industry Operating Environment--Challenging

•

Housing

•

Credit Risk

•

Interest Rate Risk

•

Operations Risk

We Tend To Move “Ahead Of The Curve”

Focus On Long-Term Investments & Payback

Organic And External Growth

Expense Controls And Revenue Growth

EPS/Stock Price Linkage -

Shareholder Focus

Favorable Risk/Return Compared To Peers

52

Loss Share Accounting

Example

$20 Million Loan Portfolio Split Into 5 Pools

Original Discounts -

$8 Million (Estimated Losses = 40%)

Pool 1

Pool 2

Pool 3

Pool 4

Pool 5

Original Loan Balance

$2,500,000

$2,500,000

$5,000,000

$9,000,000

$1,000,000

Discount

$500,000

$1,000,000

$3,500,000

$2,700,000

$300,000

Loss Share Example

Pool Assumptions

54

Impairment in Pool 5

•

New Estimated Loss is $500,000

•

Original Assigned Discount in Pool is $300,000

•

Results in $200,000 of Additional Impairment

Accounting Entries:

•

Increase Provision Expense = $40,000

•

Increase Indemnification Asset = $160,000

•

Increase Loan Loss Reserve = $200,000

Loss Share Example

Loss Within A Pool

55

Loss Share Example

Loan Improvement

Improvement in Pool 1

•

New Estimated Loss is $300,000

•

Original Assigned Discount in Pool is $500,000

•

Results in $200,000 of Future Interest Income.

•

The $200,000 of Future Interest Income will be

Recognized Over the Remaining Life of the Pool

Using the Discounted Cash Flow Method.

56

Loss Share Example

Consolidated Impact

Additional Impairment on Pool 5

(200,000)

$      

Improvement  -

Less Losses on Pool 1

$200,000

Net Change in Credit Expectations

$0

Provision Expense

(40,000)

$         

Income Reclass1

-

$                  

Net Impact

(40,000)

$         

Loan Loss Reserve

$200,000

Indemnification Asset

160,000

$        

1)

Under

an 80/20 loss share with the FDIC, the $200,000 in improvement

will result in approximately $40,000 in additional interest income recognized

over the life of the pool and starting in the following quarter.

Quarterly Credit Adjustments

Quarterly Accounting -

Income Statement

Quarterly Accounting -

Balance Sheet