8-K/A

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 26, 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))

EXPLANATORY NOTE

On October 27, 2010, the Registrant filed with the Securities and Exchange Commission a Current Report on Form 8-K dated October 26, 2010 (the “Form 8-K”) to report its results of operations and financial condition for the three and nine months ended September 30, 2010.

This Amendment No. 1 to the Form 8-K is being filed solely to correct the following inadvertent errors in the calculation of periodic ratios contained in Exhibit 99.1 – Press release dated October 26, 2010:

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

	For The Quarter Ended
	September 30, 2010			June 30, 2010			September 30, 2009
	Average Yield/Rate (%)			Average Yield/Rate  (%)			Average Yield/Rate (%)
ASSETS - Other Earning Assets
Previously Reported		0.19	%		0.16	%		0.28	%
Currently Reported		(0.84	%)		(0.05	%)		0.24	%

	For The Nine Months Ended
	September 30, 2010			September 30, 2009
	Average Yield/Rate (%)			Average Yield/Rate (%)
ASSETS - Other Earning Assets
Previously Reported		0.15	%		0.42	%
Currently Reported		(0.16	%)		0.40	%

The changes set forth above are the only portions of the Form 8-K being amended herein. This Amendment No. 1 does not change any other information set forth in the Form 8-K.

Item 2.02 Results of Operations and Financial Condition

On October 26, 2010, the Registrant announced its results of operations for the three and nine-month periods ended September 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: October 28, 2010	By:	/s/    DARYL G. BYRD
		Daryl G. Byrd
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release dated October 26, 2010, issued by the Registrant.
99.2	Supplemental Materials to Third Quarter Earnings Conference Call*

* Previously filed.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 26, 2010

Contact:

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

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

IBERIABANK Corporation Reports Third Quarter Results

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 September 30, 2010. The Company’s levels of nonperforming assets, loans past due 30 days or more, and classified assets, and its commercial loan watch list each improved between June 30, 2010 and September 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 third quarter of 2010, the Company reported income available to common shareholders of $14 million and fully diluted earnings per share (“EPS”) of $0.52. Excluding one-time acquisition costs, earnings were $15 million and EPS was $0.56, or an increase of 34% compared to the second quarter of 2010 (“linked quarter basis”).

Daryl G. Byrd, President and Chief Executive Officer, commented, “The third quarter was a period of incremental improvement for our Company. Our extremely favorable credit quality measures showed continued improvement. Our excess cash and capital are methodically and patiently being deployed. Our business lines exhibited strength, and our newest business line, Iberia Capital Partners, has commenced operations.” Byrd continued, “Our IBERIABANK family welcomes the clients and associates of Sterling Bank, who joined our organization three months ago. We are very pleased with the successful assimilation of Sterling’s operations into IBERIABANK.”

Byrd continued, “Our industry has experienced significant upheaval recently regarding the suspension of residential mortgage foreclosure processes to ensure foreclosure documentation and procedures are accurate, adequately reviewed, and appropriately administered. A related industry concern is the potential forced repurchase of mortgage loans that were sold to investors, the origination of which was later found to involve questionable underwriting and documentation. We don’t foresee these items being significant issues for our Company given the types of lending we have historically focused upon, the quality of our underwriting, limited housing price pressures in our legacy markets, and the strength of our loan servicing and resolution processes.”

Operating Results Summary

Diluted net income to common shareholders in the third quarter of 2010 totaled $14 million, up 58% on a linked quarter basis, and down 44% compared to the same quarter last year. EPS was $0.52 in the third quarter of 2010, an increase of 58% on a linked quarter basis, and a decrease of 58% compared to the same quarter last year. For the third quarter of 2010, return on average assets (“ROA”) was 0.52%, return on average common equity (“ROE”) was 4.24%, and return on average tangible common equity was 5.64%.

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Acquisition and Merger. The Company completed its FDIC-assisted acquisition of selected assets and assumption of selected liabilities associated with Sterling Bank on July 23, 2010, including $54 million in investment securities, $151 million in loans (after discounts), and $287 million in deposits. Financial statements reflect the impact of that acquisition beginning on that date. Sterling Bank was formerly headquartered in Lantana, Florida, with six offices in the Miami-Fort Lauderdale Metropolitan Statistical Area (“MSA”). The conversions of branch and operating systems were successfully completed over the weekend of October 16-17, 2010.

On August 23, 2010, the Company announced its intention to merge its IBERIABANK fsb subsidiary into IBERIABANK. The merger is anticipated to be completed in the fourth quarter of 2010.

During the third quarter of 2010, the Company incurred one-time pre-tax acquisition and conversion-related costs of $1 million, or $0.04 per share on an after-tax basis, and $4 million, or $0.08 per share on an after-tax basis in the second quarter of 2010.

Excess Cash and Margin. The Company held $1.1 billion in excess cash on average in the second quarter of 2010, compared to $1.0 billion in the third quarter of 2010. The Company’s tax-equivalent net interest margin (“margin”) declined 14 basis points on a linked quarter basis to 2.91% in the third quarter of 2010. The aggregate excess cash position suppressed the margin approximately 45 and 37 basis points in the second and third quarters of 2010, respectively. The Company estimates the excess cash reduced EPS by $0.29 and $0.22 in the second and third 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 $0.09 and $0.14 per share in the second and third quarters of 2010, respectively.

Loan Loss Provision and FDIC Loss Share Accounting. In connection with the FDIC-Assisted transactions, the Company was required under generally accepted accounting principles to establish homogeneous pools of loans with common characteristics. In the third quarter of 2010 the Company recorded pre-tax provision expense of $2 million, or $0.05 per share, related to FDIC covered loans associated with those select loan pools. These figures compare to $6 million, or $0.15 per share, on a linked quarter basis.

Security Transactions And Debt Repayment. In the third quarter, the Company incurred an other than temporary impairment (“OTTI”) totaling $0.5 million on a revenue municipal security that was acquired in an acquisition in 2007. In September 2010, the Company sold $213 million in investment securities yielding 2.80%, resulting in a gain of $4.1 million. The Company also repaid $78 million in long-term debt at an annualized cost of 4.03%, resulting in a loss of $3.5 million and $25 million in sub-debt that carried an approximate net yield of 6.00% for a loss of $0.2 million. The losses associated with the debt repayment and the OTTI were recorded in the income statement under “other expense.”

Balance Sheet Summary

Total assets increased $184 million, or 2%, since June 30, 2010, to $10.6 billion at September 30, 2010. Over this period, total loans increased $31 million, or 1%, and total deposits increased $190 million, or 2%. Total shareholders’ equity increased $2 million, or less than 1%, since June 30, 2010.

The majority of assets acquired in the four FDIC-assisted transactions completed in 2009 and 2010 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 minimal loss exposure. Total Nonperforming Assets (“NPAs”) at September 30, 2010 were $972 million, down $57 million, or 6%, compared to June 30, 2010. Excluding $908 million in NPAs covered under the FDIC-assisted agreements, NPAs at September 30, 2010 were $65 million, down $4 million, or 6%, compared to June 30, 2010. On that basis, NPAs were 0.81% of total assets at September 30, 2010, compared to 0.86% of assets at June 30, 2010 and 0.93% one year ago.

2

Loans

In the third quarter of 2010, total loans increased $31 million, or 1%. Excluding the FDIC-assisted transactions, loans increased $42 million, or 1%, over that period. Between the times at which the acquisitions were completed and September 30, 2010, loans acquired in the FDIC acquisitions decreased by approximately $381 million, or 20%.

The loan portfolio at September 30, 2010, was comprised of disparate components. Approximately 26% of the Company’s $5.8 billion loan portfolio at that date was comprised of assets covered under FDIC loss share agreements, which provide considerable protection against credit risk on those covered assets. The remaining $4.3 billion in loans at September 30, 2010, were associated with the Company’s legacy franchise, and underwritten under the Company’s guidelines.

Period-End Loan Volumes ($ in Millions)

Loans

	9/30/09			12/31/09			3/31/10			6/30/10			9/30/10
Commercial	$	2,556		$	2,748		$	2,825		$	2,878		$	2,947
Consumer		923			914			912			929			926
Mortgage		467			452			441			430			406
Non-FDIC Loans	$	3,946		$	4,114		$	4,178		$	4,237		$	4,279
Covered Loans	$	353		$	1,670		$	1,561		$	1,524		$	1,512
Total Loans	$	4,299		$	5,784		$	5,739		$	5,761		$	5,791
Non-FDIC Growth		3	%		4	%		2	%		1	%		1	%

On a linked quarter basis, the yield on average total loans decreased 36 basis points to 6.14%. The decline in average loan yield was primarily driven by FDIC loss share covered assets and a 14 basis point decline in non-covered loans. Yields on commercial and consumer loans decreased 34 and 60 basis points, respectively, on a linked quarter basis. The yield on mortgage loans increased 16 basis points over that period.

Commercial real estate (“CRE”) loans totaled $2.5 billion at September 30, 2010, and the average loan size was $635,000. At September 30, 2010, approximately $1.0 billion, or 40%, of the total CRE portfolio was covered under the loss share agreements with the FDIC. In addition, loans covered under those agreements were purchased at substantial discounts from the FDIC and are expected to offset much of the remaining credit loss exposure and servicing costs. The remaining $1.5 billion in legacy CRE loans included $617 million in owner-occupied loans (1.99% past due 30 days or more) and $930 million in non-owner occupied CRE loans (2.15% past due 30 days or more). The legacy CRE portfolio had loans past due 30 days or more (including nonaccruing loans) equal to 2.08% of the CRE loans outstanding, compared to 2.79% at June 30, 2010. Non-owner occupied CRE loans equated to 78% of total risk based capital at September 30, 2010. At September 30, 2010, many of the local legacy markets remained economically healthy compared to the national economy.

At September 30, 2010, approximately 25% 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 portfolio was 722, and loans past due 30 days or more were 0.61% of consumer loans at September 30, 2010 (an improvement compared to 0.81% at June 30, 2010). Legacy home equity loans totaled $322 million at September 30, 2010, with 0.75% past due 30 days or more (0.82% at June 30, 2010). Legacy

3

home equity lines of credit totaled $206 million, with 0.42% past due 30 days or more (0.80% at June 30, 2010). Annualized net charge-offs in this portfolio were 0.87% of total consumer loans in the third quarter of 2010 (0.58% in the second quarter of 2010). The weighted average loan-to-value at origination for this portfolio over the last three years was approximately 67%.

The indirect automobile portfolio totaled $267 million at September 30, 2010, down 1% compared to the portfolio at June 30, 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 September 30, 2010 (unchanged from 0.78% at June 30, 2010). Annualized net charge-offs in the indirect loan portfolio equated to approximately 0.11% of average loans in the third quarter of 2010 (an improvement from 0.15% in the second 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 (6.6% at August 2010, the 45^th lowest unemployment rate of 372 MSAs in the United States).

Deposits

During the third quarter of 2010, total deposits increased $190 million, or 2%, and increased $33 million, or 1%, excluding the FDIC transactions. Between the consummation dates of the FDIC-assisted acquisitions and September 30, 2010, acquired deposits, excluding brokered deposits, increased approximately $221 million, or 8%, which was more favorable than the Company’s expectations at closing.

Period-End Deposit Volumes ($ in Millions)

Deposits

	9/30/09			12/31/09			3/31/10			6/30/10			9/30/10
Noninterest	$	629		$	875		$	825		$	821		$	857
NOW Accounts		959			1,352			1,407			1,333			1,254
Savings/MMkt		1,327			2,252			2,571			2,808			3,013
Time Deposits		1,861			3,077			3,153			3,112			3,139
Total Deposits	$	4,776		$	7,556		$	7,956		$	8,074		$	8,264
Growth		14	%		58	%		5	%		1	%		2	%

Noninterest bearing deposits totaled $857 million at September 30, 2010, up $37 million, or 4%, compared to June 30, 2010. Excluding the FDIC-assisted transactions, noninterest bearing deposits increased $19 million, or 3%, over this period. On a linked quarter basis, average noninterest bearing deposits increased $22 million, or 3%, and interest-bearing deposits increased $301 million, or 4%. The rate on average interest bearing deposits in the third quarter of 2010 was 1.32%, a decrease of 14 basis points on a linked quarter basis. In the month of September 2010, the average cost of interest bearing deposits was 1.24%.

In September 2010, the Company paid off $78 million in long-term debt at an annualized cost of 4.03%. The Company had only $30 million in short-term borrowings at September 30, 2010, or approximately 0.3% of total liabilities. The cost of average interest bearing liabilities was 1.44% in the third quarter of 2010, a decrease of 12 basis points on a linked quarter basis. For the month of September 2010, the average cost of interest bearing liabilities was 1.35%.

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 losses 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 $1.2 billion, or $965 million (the Company covered the remaining $241 million at the times of acquisition). In addition, the FDIC will cover 95% of losses that exceed a $970 million threshold level. The Company received a discount of approximately $515 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 third quarter of 2010 at the Company. The legacy Company had troubled debt restructurings at September 30, 2010, totaling $18 million, compared to $8 million at June 30, 2010.

Summary Asset Quality Statistics

	IBERIABANK									IBERIABANK fsb									IBERIABANK Corp.
($ thousands)	1Q10*			2Q10*			3Q10*			1Q10			2Q10			3Q10			1Q10*			2Q10*			3Q10*
Nonaccruals	$	30,054		$	25,512		$	23,027		$	24,570		$	22,537		$	18,054		$	54,624		$	48,049		$	41,081
OREO & Foreclosed		4,012			5,037			4,096			11,436			10,177			12,872			15,448			15,214			16,968
90+ Days Past Due		1,852			3,229			2,666			1,316			2,416			4,151			3,168			5,645			6,817
Nonperforming Assets	$	35,918		$	33,778		$	29,789		$	37,322		$	35,130		$	35,077		$	73,240		$	68,908		$	64,865
NPAs/Assets		0.63	%		0.54	%		0.48	%		2.27	%		2.11	%		2.06	%		0.98	%		0.86	%		0.81	%
NPAs/(Loans + OREO)		1.13	%		1.04	%		0.92	%		3.64	%		3.49	%		3.32	%		1.75	%		1.62	%		1.51	%
LLR/Loans		1.38	%		1.36	%		1.24	%		1.98	%		2.04	%		2.05	%		1.53	%		1.52	%		1.43	%
Net Charge-Offs/Loans		0.08	%		0.65	%		0.60	%		1.41	%		0.31	%		0.48	%		0.41	%		0.57	%		0.57	%

* Excludes the impact of all FDIC-assisted acquisitions

The FDIC-assisted transactions accounted for $908 million, or 93% of the Company’s $972 million in total NPAs at September 30, 2010, and the legacy IBERIABANK Corporation franchise accounted for the remaining $65 million in NPAs. Excluding the FDIC-assisted transactions, NPAs equated to 0.81% of total assets at September 30, 2010, compared to 0.86% at June 30, 2010. On this same basis, total loans past due 30 days or more (including nonaccruing loans) represented 1.48% of total loans at September 30, 2010, an improvement of 42 basis points, compared to 1.90% of total loans at June 30, 2010.

5

Loans Past Due

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

By Entity:	6/30/09			9/30/09			12/31/09			3/31/10			6/30/10			9/30/10
IBERIABANK (Ex-FDIC Covered Assets)
30+ days past due		0.33	%		0.32	%		0.58	%		0.67	%		0.81	%		0.32	%
Non-accrual		0.47	%		0.45	%		0.38	%		0.94	%		0.78	%		0.70	%
Total Past Due		0.80	%		0.77	%		0.96	%		1.61	%		1.59	%		1.02	%
IBERIABANK fsb
30+ days past due		1.73	%		1.09	%		1.12	%		0.88	%		0.60	%		1.14	%
Non-accrual		1.68	%		2.45	%		2.78	%		2.42	%		2.26	%		1.73	%
Total Past Due		3.41	%		3.54	%		3.90	%		3.30	%		2.86	%		2.87	%
Consolidated (Ex-FDIC Covered Assets)
30+ days past due		0.64	%		0.50	%		0.72	%		0.73	%		0.77	%		0.52	%
Non-accrual		0.74	%		0.92	%		0.97	%		1.31	%		1.13	%		0.96	%
Total Past Due		1.38	%		1.42	%		1.69	%		2.04	%		1.90	%		1.48	%
Consolidated With FDIC Covered Assets
30+ days past due					1.06	%		3.60	%		3.09	%		3.48	%		1.98	%
Non-accrual					2.79	%		12.70	%		14.23	%		13.01	%		12.95	%
Total Past Due					3.85	%		16.30	%		17.32	%		16.49	%		14.93	%

At September 30, 2010, the allowance for loan losses was 2.28%, up compared to 1.67% at June 30, 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 impairments. Excluding the acquired loans, the Company’s ratio of loan loss reserves to loans decreased from 1.52% at June 30, 2010 to 1.43% at September 30, 2010.

The Company reported net charge-offs of $5 million in the third quarter of 2010, compared to $6 million in the second quarter of 2010. The ratio of net charge-offs to average loans was 0.36% in the third quarter of 2010, compared to 0.44% in the second quarter of 2010. The Company recorded a $5 million loan loss provision in the third quarter of 2010, down 60% compared to the level recorded in the second quarter of 2010. Excluding provision expense associated with the FDIC-assisted acquisitions, the loan loss provision declined from $6 million to $3 million on a linked quarter basis. Management considers the loan loss reserve adequate to absorb credit losses inherent in the loan portfolio at September 30, 2010.

Investments

Total investment securities increased $160 million, or 9%, to $1.9 billion during the third quarter of 2010. As a percentage of total assets, the investment portfolio increased from 17% at June 30, 2010 to 18% at September 30, 2010. The investment portfolio had a modified duration of 2.4 years at September 30, 2010, compared to 2.7 years at June 30, 2010. The unrealized gain in the investment portfolio decreased $2 million, or 5%, from $38 million at June 30, 2010 to $36 million at September 30, 2010. Based on projected prepayment speeds and other assumptions at September 30, 2010, the portfolio was expected to generate approximately $710 million in cash flows, or about 38% of the portfolio, over the next 15 months. The average yield on investment securities decreased 33 basis points on a linked quarter basis, to 2.90% in the third quarter of 2010. The Company holds in its investment portfolio primarily government agency and municipal securities.

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Capital Position

The Company maintains strong capital ratios compared to peers. The equity-to-assets ratio was 12.31% at September 30, 2010, compared to 12.51% at June 30, 2010. At September 30, 2010, the Company reported a tangible common equity ratio of 10.05%, compared to 10.28% at June 30, 2010 and 9.59% one year ago. The Company’s Tier 1 leverage ratio was 10.81%, compared to 11.15% at June 30, 2010 and 11.55% one year ago. The Company’s total risk based capital ratio at September 30, 2010 was 19.90%, compared to 21.72% at June 30, 2010 and 16.83% one year ago. The Company’s tangible common equity to risk weighted assets ratio was 17.23%, compared to 18.60% at June 30, 2010, and 13.38% one year ago.

Regulatory Capital Ratios

At September 30, 2010

Capital Ratio	Well Capitalized			IBERIABANK			IBERIABANK fsb			IBERIABANK Corporation
Tier 1 Leverage		5.00	%		7.63	%		9.60	%		10.81	%
Tier 1 Risk Based		6.00	%		14.18	%		11.80	%		18.64	%
Total Risk Based		10.00	%		15.44	%		13.04	%		19.90	%

At September 30, 2010, book value per share was $48.37, up $0.06, compared to June 30, 2010, and up 17% compared to one year ago. Tangible book value per share decreased $0.21 over that period to $38.50, and up 33% compared to one year ago.

On September 15, 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 2.56%, based on the closing stock price of the Company’s common stock on October 26, 2010 of $53.14 per share. This price equated to 1.10 times September 30, 2010 book value per share of $48.37 and 1.38 times tangible book value per share of $38.50.

Interest Rate Risk Position

The Company’s interest rate risk modeling at September 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 5.7%. Similarly, a 100 basis point decrease in interest rates is expected to decrease net interest income by approximately 0.6%. At September 30, 2010, approximately 50% 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 46%. Approximately 70% of the Company’s time deposit base will re-price within 12 months from September 30, 2010.

Operating Results

The Company’s average excess liquidity position decreased from approximately $1.1 billion to $1.0 billion on a linked quarter basis, maintaining pressure on the yield on earning assets. The yield on average investment securities and loans declined 33 and 36 basis points, respectively, on a linked quarter basis. The average earning asset yield decreased 25 basis points, while the cost of interest bearing deposits and liabilities decreased 14 and 12 basis points, respectively. As a result, the net interest spread and margin declined 12 and 14 basis points, respectively, on a linked quarter basis. Tax- equivalent net interest income decreased $1 million, or 1%, on a linked quarter basis, as average earning assets increased $344 million, or 4%, on a linked quarter basis.

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Quarterly Average Yields/Cost (Taxable Equivalent Basis)

	2Q09			3Q09			4Q09			1Q10			2Q10			3Q10
Earning Asset Yield		4.99	%		4.66	%		4.64	%		4.45	%		4.38	%		4.13	%
Cost Of Int-Bearing Liabs		2.12	%		1.96	%		1.74	%		1.47	%		1.56	%		1.44	%
Net Interest Spread		2.87	%		2.69	%		2.90	%		2.97	%		2.82	%		2.70	%
Net Interest Margin		3.17	%		3.02	%		3.13	%		3.16	%		3.05	%		2.91	%

Aggregate noninterest income increased $6 million, or 20%, on a linked quarter basis. The primary changes on a linked quarter basis were a higher level of gains on the sale of investment securities (up $4 million) and mortgage loans (up $3 million), as well as higher brokerage income (up $1 million), partially offset by lower income on deposit account service charges, credit card fees, and commercial loan income.

The Company’s mortgage origination business experienced substantial strength in the third quarter of 2010. The Company originated $521 million in mortgage loans during the third quarter of 2010, up $79 million, or 18%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 52% of mortgage loan applications in the third quarter of 2010, and approximately 56% between September 30, 2010 and October 15, 2010. The Company sold $466 million in mortgage loans during the third quarter of 2010, up $66 million, or 17%, compared to the second quarter of 2010. Sales margins remained fairly stable on a linked quarter basis. Gains on the sale of mortgage loans totaled $14 million in the third quarter of 2010, an increase of $3 million, or 27%, on a linked quarter basis. The mortgage pipeline was approximately $220 million at September 30, 2010, and has since risen to approximately $236 million at October 15, 2010.

Noninterest expense increased $5 million, or 6%, on a linked quarter basis. In aggregate, one-time merger-related costs totaled $1 million in the third quarter of 2010, compared to $4 million in the second quarter. Excluding one-time merger-related costs, noninterest expense increased $7 million on a linked quarter basis. The drivers of the expense increase were the penalty on the repayment of long-term debt ($3.5 million), and increases in mortgage commissions, other real estate expense, and credit and other loan expense (up approximately $1 million each). The Company incurred approximately $0.3 million in expense associated with the repurchase of mortgage loans from investors during the third quarter of 2010. The combined tangible efficiency ratio of the Company’s financial institution subsidiaries was approximately 62.1% in the third quarter of 2010.

IBERIABANK Corporation

IBERIABANK Corporation is a multi-bank financial holding company with 224 combined offices, including 144 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.

The Company opened four new bank branch offices since June 30, 2010. Offices were opened in Mobile and Fairhope, Alabama, reaching a total of three offices serving the greater Mobile area. Two additional offices were opened in Houston, Texas, reaching a total of four offices serving the Houston market.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.4 billion, based on the NASDAQ closing stock price on October 26, 2010.

8

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

• Morgan Keegan & Company, Inc.

• Raymond James & Associates, Inc.

• Robert W. Baird & Company

• 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 Wednesday, October 27, 2010, beginning at 9:30 a.m. Central Time by dialing 1-800-230-1951. The confirmation code for the call is 173672. A replay of the call will be available until midnight Central Time on November 3, 2010 by dialing 1-800-475-6701. The confirmation code for the replay is 173672. 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.

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.

9

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 September 30,									For The Quarter Ended June 30,
	2010			2009			%Change			2010			%Change
Income Data (in thousands):
Net Interest Income	$	69,933		$	40,666			72	%	$	70,139			(0	%)
Net Interest Income (TE) (1)		71,702			42,297			70	%		72,730			(1	%)
Net Income		13,940			24,952			(44	%)		8,840			58	%
Earnings Available to Common Shareholders - Basic		13,940			24,952			(44	%)		8,840			58	%
Earnings Available to Common Shareholders - Diluted		13,652			24,344			(44	%)		8,651			58	%
Per Share Data:
Earnings Available to Common Shareholders - Basic	$	0.52		$	1.23			(58	%)	$	0.33			55	%
Earnings Available to Common Shareholders - Diluted		0.52			1.22			(58	%)		0.33			58	%
Book Value Per Common Share		48.37			41.41			17	%		48.31			0	%
Tangible Book Value Per Common Share (2)		38.50			28.88			33	%		38.71			(1	%)
Cash Dividends		0.34			0.34			—			0.34			—
Number of Shares Outstanding:
Basic Shares (Average)		26,840,723			20,253,317			33	%		26,804,334			0	%
Diluted Shares (Average)		26,460,084			19,944,420			33	%		26,506,308			(0	%)
Book Value Shares (Period End) (3)		26,872,742			20,623,541			30	%		26,865,543			0	%
Key Ratios: (4)
Return on Average Assets		0.52	%		1.62	%					0.34	%
Return on Average Common Equity		4.24	%		11.77	%					2.73	%
Return on Average Tangible Common Equity (2)		5.64	%		17.26	%					3.73	%
Net Interest Margin (TE) (1)		2.91	%		3.02	%					3.05	%
Efficiency Ratio		75.3	%		44.7	%					75.1	%
Tangible Efficiency Ratio (TE) (1) (2)		72.6	%		43.5	%					71.8	%
Average Loans to Average Deposits		70.4	%		91.0	%					70.6	%
Nonperforming Assets to Total Assets (5)		9.21	%		2.33	%					9.93	%
Allowance for Loan Losses to Loans		2.28	%		1.14	%					1.67	%
Net Charge-offs to Average Loans		0.36	%		2.26	%					0.44	%
Average Equity to Average Total Assets		12.26	%		13.67	%					12.56	%
Tier 1 Leverage Ratio		10.81	%		11.55	%					11.15	%
Common Stock Dividend Payout Ratio		65.5	%		28.1	%					103.3	%
Tangible Common Equity Ratio		10.05	%		9.59	%					10.28	%
Tangible Common Equity to Risk-Weighted Assets		17.23	%		13.38	%					18.60	%

⁽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)

BALANCE SHEET (End of Period)	September 30,									June  30, 2010			December  31, 2009
	2010			2009			% Change
ASSETS
Cash and Due From Banks	$	99,670		$	66,579			49.7	%	$	93,531		$	94,674
Interest-bearing Deposits in Banks		804,012			273,982			193.5	%		1,031,205			80,723
Total Cash and Equivalents		903,682			340,561			165.4	%		1,124,736			175,397
Investment Securities Available for Sale		1,587,088			1,024,868			54.9	%		1,441,994			1,320,476
Investment Securities Held to Maturity		320,707			70,951			352.0	%		305,629			260,361
Total Investment Securities		1,907,795			1,095,819			74.1	%		1,747,623			1,580,837
Mortgage Loans Held for Sale		171,545			52,796			224.9	%		114,914			66,945
Loans, Net of Unearned Income		5,791,378			4,298,845			34.7	%		5,760,550			5,784,365
Allowance for Loan Losses		(131,954	)		(48,787	)		170.5	%		(96,000	)		(55,768	)
Loans, net		5,659,424			4,250,058			33.2	%		5,664,550			5,728,597
Loss Share Receivable		906,014			86,955			941.9	%		822,858			1,034,734
Premises and Equipment		201,626			130,453			54.6	%		195,464			137,426
Goodwill and Other Intangibles		265,266			258,186			2.7	%		257,865			260,144
Mortgage Servicing Rights		212			219			(3.3	%)		235			229
Other Assets		545,184			251,473			116.8	%		448,219			716,093
Total Assets	$	10,560,748		$	6,466,520			63.3	%	$	10,376,464		$	9,700,402
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	856,882		$	628,800			36.3	%	$	820,254		$	874,885
Interest-bearing Deposits		7,407,257			4,146,933			78.6	%		7,253,657			6,681,263
Total Deposits		8,264,139			4,775,733			73.0	%		8,073,911			7,556,148
Short-term Borrowings		30,190			15,000			101.3	%		15,000			90,000
Securities Sold Under Agreements to Repurchase		259,058			193,234			34.1	%		184,969			173,351
Long-term Debt		440,915			526,106			(16.2	%)		586,130			745,864
Other Liabilities		266,698			105,866			151.9	%		218,625			180,824
Total Liabilities		9,261,000			5,615,939			64.9	%		9,078,635			8,746,187
Total Shareholders’ Equity		1,299,748			850,581			52.8	%		1,297,829			954,215
Total Liabilities and Shareholders’ Equity	$	10,560,748		$	6,466,520			63.3	%	$	10,376,464		$	9,700,402
INCOME STATEMENT	For The Three Months Ended September 30,									For The Nine Months Ended September 30,
	2010			2009			% Change			2010			2009
Interest Income	$	99,818		$	63,554			57.1	%	$	298,655		$	184,849
Interest Expense		29,885			22,888			30.6	%		89,377			69,620
Net Interest Income		69,933			40,666			72.0	%		209,278			115,229
Provision for Loan Losses		5,128			25,295			(79.7	%)		31,227			36,110
Net Interest Income After Provision for Loan Losses		64,805			15,371			321.6	%		178,051			79,119
Service Charges		6,085			5,983			1.7	%		18,361			16,734
ATM / Debit Card Fee Income		2,562			1,958			30.9	%		7,444			5,635
BOLI Proceeds and Cash Surrender Value Income		726			729			(0.4	%)		2,153			2,163
Gain on Acquisition		—			57,831			(100.0	%)		3,781			57,831
Gain on Sale of Loans, net		13,518			7,264			86.1	%		31,517			26,602
Gain (Loss) on Sale of Investments, net		4,176			(25	)		16931.4	%		5,158			5,857
Title Revenue		4,852			4,638			4.6	%		13,368			14,349
Broker Commissions		2,320			1,329			74.6	%		5,204			3,544
Other Noninterest Income		2,542			1,527			66.4	%		8,851			4,278
Total Noninterest Income		36,781			81,234			(54.7	%)		95,837			136,993
Salaries and Employee Benefits		40,932			29,161			40.4	%		116,323			80,041
Occupancy and Equipment		8,779			5,856			49.9	%		24,493			17,269
Amortization of Acquisition Intangibles		1,316			627			109.9	%		3,595			1,870
Other Noninterest Expense		29,344			18,896			55.3	%		78,736			48,965
Total Noninterest Expense		80,371			54,540			47.4	%		223,147			148,145
Income Before Income Taxes		21,215			42,065			(49.6	%)		50,741			67,967
Income Taxes		7,275			17,113			(57.5	%)		14,958			25,396
Net Income	$	13,940		$	24,952			(44.1	%)	$	35,783		$	42,571
Preferred Stock Dividends		—			—			—			—			(3,350	)
Earnings Available to Common Shareholders - Basic		13,940			24,952			(44.1	%)		35,783			39,221
Earnings Allocated to Unvested Restricted Stock		(288	)		(608	)		(52.7	%)		(716	)		(1,035	)
Earnings Available to Common Shareholders - Diluted		13,652			24,344			(43.9	%)		35,067			38,186
Earnings Per Share, diluted	$	0.52		$	1.22			(57.7	%)	$	1.40		$	2.22

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Quarter Ended
BALANCE SHEET (Average)	September 30, 2010			June 30, 2010			March 31, 2010			December 31, 2009			September 30, 2009
ASSETS
Cash and Due From Banks	$	95,687		$	95,822		$	92,145		$	75,435		$	59,975
Interest-bearing Deposits in Banks		959,466			1,007,124			387,929			305,371			299,591
Investment Securities		1,919,056			1,617,372			1,569,301			1,327,579			1,074,896
Mortgage Loans Held for Sale		131,944			82,502			50,810			58,785			60,350
Loans, Net of Unearned Income		5,830,711			5,616,203			5,737,876			5,070,584			4,049,351
Allowance for Loan Losses		(92,941	)		(63,115	)		(55,133	)		(49,442	)		(45,711	)
Loss Share Receivable		865,810			914,437			1,033,377			590,804			38,784
Other Assets		935,828			1,050,169			1,054,224			787,488			592,455
Total Assets	$	10,645,561		$	10,320,514		$	9,870,529		$	8,166,604		$	6,129,691
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	840,765		$	818,985		$	824,959		$	749,262		$	583,229
Interest-bearing Deposits		7,440,136			7,138,919			6,887,249			5,424,348			3,864,927
Total Deposits		8,280,901			7,957,904			7,712,208			6,173,610			4,448,156
Short-term Borrowings		17,402			17,967			32,769			31,054			2,174
Securities Sold Under Agreements to Repurchase		214,411			176,357			168,303			188,339			210,115
Long-term Debt		567,166			639,923			736,458			681,789			536,877
Other Liabilities		260,155			231,875			162,675			174,133			94,189
Total Liabilities		9,340,035			9,024,026			8,812,413			7,248,925			5,291,511
Total Shareholders’ Equity		1,305,526			1,296,488			1,058,116			917,679			838,180
Total Liabilities and Shareholders’ Equity	$	10,645,561		$	10,320,514		$	9,870,529		$	8,166,604		$	6,129,691
	2010									2009
INCOME STATEMENT	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Interest Income	$	99,818		$	101,217		$	97,620		$	85,538		$	63,554
Interest Expense		29,885			31,078			28,414			27,982			22,888
Net Interest Income		69,933			70,139			69,206			57,556			40,666
Provision for Loan Losses		5,128			12,899			13,201			9,260			25,295
Net Interest Income After Provision for Loan Losses		64,805			57,240			56,005			48,296			15,371
Total Noninterest Income		36,781			30,704			28,353			196,353			81,234
Total Noninterest Expense		80,371			75,775			67,000			75,114			54,540
Income Before Income Taxes		21,215			12,169			17,358			169,535			42,065
Income Taxes		7,275			3,329			4,354			60,633			17,113
Net Income	$	13,940		$	8,840		$	13,004		$	108,902		$	24,952
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic	$	13,940		$	8,840		$	13,004		$	108,902		$	24,952
Earnings Allocated to Unvested Restricted Stock		(288	)		(189	)		(252	)		(2,717	)		(608	)
Earnings Available to Common Shareholders - Diluted	$	13,652		$	8,651		$	12,752		$	106,185		$	24,344
Earnings Per Share, basic	$	0.52		$	0.33		$	0.60		$	5.27		$	1.23
Earnings Per Share, diluted	$	0.52		$	0.33		$	0.59		$	5.23		$	1.22
Book Value Per Share	$	48.37		$	48.31		$	48.29		$	46.04		$	41.41
Return on Average Assets		0.52	%		0.34	%		0.53	%		5.29	%		1.62	%
Return on Average Common Equity		4.24	%		2.73	%		4.98	%		46.93	%		11.77	%
Return on Average Tangible Common Equity		5.64	%		3.73	%		6.94	%		66.25	%		17.26	%

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

LOANS RECEIVABLE	September 30,									June  30, 2010			December  31, 2009
	2010			2009			% Change
Residential Mortgage Loans:
Residential 1-4 Family	$	647,657		$	519,601			24.6	%	$	767,502		$	975,395
Construction/ Owner Occupied		14,564			19,737			(26.2	%)		23,251			32,857
Total Residential Mortgage Loans		662,221			539,338			22.8	%		790,753			1,008,252
Commercial Loans:
Real Estate		2,483,420			1,808,787			37.3	%		2,484,828			2,500,433
Business		1,415,088			1,005,862			40.7	%		1,348,217			1,217,326
Total Commercial Loans		3,898,508			2,814,649			38.5	%		3,833,045			3,717,759
Consumer Loans:
Indirect Automobile		266,859			267,801			(0.4	%)		268,936			259,339
Home Equity		821,608			525,721			56.3	%		722,272			649,821
Automobile		30,511			30,782			(0.9	%)		30,640			30,552
Credit Card Loans		42,370			42,527			(0.4	%)		42,301			44,561
Other		69,301			78,027			(11.2	%)		72,603			74,081
Total Consumer Loans		1,230,649			944,858			30.2	%		1,136,752			1,058,354
Total Loans Receivable		5,791,378			4,298,845			34.7	%		5,760,550			5,784,365
Allowance for Loan Losses		(131,954	)		(48,787	)					(96,000	)		(55,768	)
Loans Receivable, Net	$	5,659,424		$	4,250,058					$	5,664,550		$	5,728,597
ASSET QUALITY DATA	September 30,									June 30, 2010			December 31, 2009
	2010			2009			% Change
Nonaccrual Loans	$	871,353		$	123,304			606.7	%	$	870,153		$	893,441
Foreclosed Assets		173			55			213.8	%		12			35
Other Real Estate Owned		57,322			22,906			150.2	%		45,831			74,056
Accruing Loans More Than 90 Days Past Due		43,593			4,698			828.0	%		113,891			43,952
Total Nonperforming Assets	$	972,441		$	150,963			544.2	%	$	1,029,887		$	1,011,485
Nonperforming Assets to Total Assets		9.21	%		2.33	%		294.5	%		9.93	%		10.43	%
Nonperforming Assets to Total Loans and OREO		16.6	%		3.49	%		375.9	%		17.74	%		17.27	%
Allowance for Loan Losses to Nonperforming Loans (1)		14.4	%		38.1	%		(62.2	%)		9.8	%		5.9	%
Allowance for Loan Losses to Nonperforming Assets		13.6	%		32.3	%		(58.0	%)		9.3	%		5.5	%
Allowance for Loan Losses to Total Loans		2.28	%		1.14	%		100.7	%		1.67	%		0.96	%
Year to Date Charge-offs	$	22,638		$	29,892			(24.3	%)	$	14,596		$	33,267
Year to Date Recoveries		(6,103	)		(1,554	)		292.8	%		(3,391	)	$	(2,646	)
Year to Date Net Charge-offs	$	16,535		$	28,338			(41.7	%)	$	11,205		$	30,621
Quarter to Date Net Charge-offs	$	5,330		$	22,980			(76.8	%)	$	6,111		$	2,283
(1)  Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due.
DEPOSITS	September 30,									June 30, 2010			December 31, 2009
	2010			2009			% Change
Noninterest-bearing Demand Accounts	$	856,882		$	628,800			36.3	%	$	820,254		$	874,885
NOW Accounts		1,254,498			959,041			30.8	%		1,333,120			1,351,609
Savings and Money Market Accounts		3,013,378			1,326,202			127.2	%		2,808,412			2,253,065
Certificates of Deposit		3,139,381			1,861,690			68.6	%		3,112,125			3,076,589
Total Deposits	$	8,264,139		$	4,775,733			73.0	%	$	8,073,911		$	7,556,148

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	September 30, 2010						June 30, 2010						September 30, 2009
	Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	710,112			7.42	%	$	902,597			7.26	%	$	501,196			5.60	%
Commercial Loans (TE) (1)		3,918,156			5.88	%		3,644,349			6.22	%		2,614,911			4.74	%
Consumer and Other Loans		1,202,443			6.21	%		1,069,257			6.81	%		933,244			6.42	%
Total Loans		5,830,711			6.14	%		5,616,203			6.50	%		4,049,351			5.23	%
Mortgage Loans Held for Sale		131,944			4.26	%		82,502			4.65	%		60,350			4.72	%
Investment Securities (TE) (1)(2)		1,843,511			2.90	%		1,573,403			3.23	%		1,040,275			4.03	%
Other Earning Assets		1,898,123			(0.84	%)		2,088,590			(0.05	%)		380,080			0.24	%
Total Earning Assets		9,704,289			4.13	%		9,360,698			4.38	%		5,530,056			4.66	%
Allowance for Loan Losses		(92,941	)					(63,115	)					(45,711	)
Nonearning Assets		1,034,213						1,022,931						645,346
Total Assets	$	10,645,561					$	10,320,514					$	6,129,691
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts	$	1,281,554			0.67	%	$	1,347,510			0.74	%	$	945,141			0.77	%
Savings and Money Market Accounts		2,953,907			1.18	%		2,678,399			1.54	%		1,222,273			1.31	%
Certificates of Deposit		3,204,675			1.71	%		3,113,010			1.71	%		1,697,513			2.69	%
Total Interest-bearing Deposits		7,440,136			1.32	%		7,138,919			1.46	%		3,864,927			1.78	%
Short-term Borrowings		231,813			0.39	%		194,324			0.40	%		212,289			0.68	%
Long-term Debt		567,166			3.35	%		639,923			3.01	%		536,877			3.75	%
Total Interest-bearing Liabilities		8,239,115			1.44	%		7,973,166			1.56	%		4,614,093			1.96	%
Noninterest-bearing Demand Deposits		840,765						818,985						583,229
Noninterest-bearing Liabilities		260,155						231,875						94,189
Total Liabilities		9,340,035						9,024,026						5,291,511
Shareholders’ Equity		1,305,526						1,296,488						838,180
Total Liabilities and Shareholders’ Equity	$	10,645,561					$	10,320,514					$	6,129,691
Net Interest Spread	$	69,933			2.70	%	$	70,139			2.82	%	$	40,666			2.69	%
Tax-equivalent Benefit		1,769			0.07	%		2,591			0.08	%		1,631			0.12	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	71,702			2.91	%	$	72,730			3.05	%	$	42,297			3.02	%

⁽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 Nine Months Ended
	September 30, 2010						September 30, 2009
	Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	867,399			6.75	%	$	504,817			5.63	%
Commercial Loans (TE) (1)		3,754,208			5.93	%		2,439,238			4.70	%
Consumer and Other Loans		1,107,893			6.49	%		917,286			6.51	%
Total Loans		5,729,500			6.16	%		3,861,341			5.25	%
Mortgage Loans Held for Sale		88,716			4.45	%		77,107			4.76	%
Investment Securities (TE) (1)(2)		1,653,686			3.16	%		1,005,094			4.36	%
Other Earning Assets		1,879,796			(0.16	%)		219,248			0.40	%
Total Earning Assets		9,351,698			4.31	%		5,162,790			4.87	%
Allowance for Loan Losses		(70,453	)					(43,149	)
Nonearning Assets		1,003,918						647,334
Total Assets	$	10,285,163					$	5,766,975
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing Liabilities
Deposits:
NOW Accounts	$	1,341,581			0.72	%	$	934,387			0.84	%
Savings and Money Market Accounts		2,680,060			1.44	%		1,110,934			1.42	%
Certificates of Deposit		3,132,881			1.61	%		1,584,666			2.90	%
Total Interest-bearing Deposits		7,154,522			1.38	%		3,629,987			1.92	%
Short-term Borrowings		209,297			0.39	%		190,555			0.74	%
Long-term Debt		647,229			3.03	%		543,699			4.01	%
Total Interest-bearing Liabilities		8,011,048			1.49	%		4,364,241			2.13	%
Noninterest-bearing Demand Deposits		828,294						569,371
Noninterest-bearing Liabilities		224,850						84,546
Total Liabilities		9,064,192						5,018,158
Shareholders’ Equity		1,220,971						748,817
Total Liabilities and Shareholders’ Equity	$	10,285,163					$	5,766,975
Net Interest Spread	$	209,278			2.82	%	$	115,229			2.74	%
Tax-equivalent Benefit		6,193			0.08	%		4,385			0.11	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	215,471			3.04	%	$	119,614			3.07	%

⁽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
	9/30/2010			6/30/2010			9/30/2009
Net Interest Income	$	69,933		$	70,139		$	40,666
Effect of Tax Benefit on Interest Income		1,769			2,591			1,631
Net Interest Income (TE) (1)		71,702			72,730			42,297
Noninterest Income		36,781			30,704			81,234
Effect of Tax Benefit on Noninterest Income		391			386			393
Noninterest Income (TE) (1)		37,172			31,090			81,627
Total Revenues (TE) (1)	$	108,874		$	103,820		$	123,924
Total Noninterest Expense	$	80,371		$	75,775		$	54,540
Less Intangible Amortization Expense		(1,316	)		(1,269	)		(627	)
Tangible Operating Expense (2)	$	79,055		$	74,506		$	53,913
Return on Average Common Equity		4.24	%		2.73	%		11.77	%
Effect of Intangibles (2)		1.40	%		1.00	%		5.49	%
Return on Average Tangible Common Equity (2)		5.64	%		3.73	%		17.26	%
Efficiency Ratio		75.3	%		75.1	%		44.7	%
Effect of Tax Benefit Related to Tax Exempt Income		(1.5	%)		(2.1	%)		(0.7	%)
Efficiency Ratio (TE) (1)		73.8	%		73.0	%		44.0	%
Effect of Amortization of Intangibles		(1.2	%)		(1.2	%)		(0.5	%)
Tangible Efficiency Ratio (TE) (1) (2)		72.6	%		71.8	%		43.5	%

⁽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.