Exhibit 99.2

EX-99.2 3 dex992.htm EXHIBIT 99.2 Exhibit 99.2

4Q10 Earnings Conference Call

Supplemental Materials

January 25, 2011

Exhibit 99.2

Forward Looking Statements

Safe Harbor

Statements

contained

this

presentation

which

are

not

historical

facts

and

which

pertain

future

operating

results

IBERIABANK

Corporation

and

its

subsidiaries

constitute

“forward-looking

statements”

within

the

meaning

the

Private

Securities

Litigation

Reform

Act

1995.

These

forward-looking

statements

involve

significant

risks

and

uncertainties.

Actual

results

may

differ

materially

from

the

results

discussed

these

forward-looking

statements.

Factors

that

might

cause

such

difference

include,

but

are

not

limited

to,

those

discussed

the

Company’s

periodic

and

other

filings

with

the

SEC.

Introductory

Comments

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 $616 Million in Excess Cash In 4Q10

Deposit Runoff During 4Q10 As We Lowered Deposit Rates

Future Growth Engines in Multiple Markets

Strategic

Recruiting

Continued

During

The

Quarter

Fortunately, We Avoided What Ails The Banking Industry

Remain Well Positioned For Future Opportunities

Corporate

Overview

4Q10

Deposit Market Share as of June 30, 2010

Source: SNL Financial

Map Reflects Locations as of January 19, 2010

NASDAQ Traded IBKC

Headquarters

Lafayette, LA

Founded

1887

Market Cap $ 1.6 Billion

Locations 226

(Bank Branches 145)

FTE’s 2,122

Asset Size

$ 10.0 Billion

Deposits $ 7.9 Billion

Loans $ 6.0 Billion

Clients 216,000

Subsidiaries

IBERIABANK

Lenders Title

Arkansas

36 Branches

$1.0 bil

deposits

#12 Rank

33 Non-bank Offices

Texas

4 Branches

$53 mm deposits

#462 Rank

4 Non-bank Offices

Louisiana

51 Branches

$3.9 bil

deposits

#5 Rank

21 Non-bank Offices

Alabama

10 Branches

$474 mm deposits

#22 Rank

4 Non-bank Offices

Florida

43 Branches

$3.0 bil

deposits

#21 Rank

8 Non-bank Offices

Tennessee

2 Branches

$170 mm deposits

#105 Rank

1 Non-bank Office

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/Capital Markets

•

Provide Depth For Unusual Opportunities

•

Grind Our Way Through The Credit Cycle

Strategic

Goals

18-Month

Priorities

Financial Overview

Financial Overview

Summary –

4Q10 and 12/31/10

T/E Net Interest Income Up $2mm (+3%)

Credit Quality Statistics Excluding FDIC Covered Assets:

•

NPA/Assets = 0.91% (0.81% in 3Q10)

•

30+ Days Past Due = 1.44% (1.48% in 3Q10)

•

Loan Loss Reserve/Loans = 1.40% (1.43% in 3Q10)

•

Net COs/Average Loans = 0.96% (0.57% in 3Q10)

•

Provision = $12mm ($3mm in 3Q10)

Minimal Gains On Sale of Investments in 4Q10 ($4.1mm Gain in

3Q10)

Merger And Conversion Related Costs = $1.7mm ($1.5mm in

3Q10)

Reported EPS = $0.48, Down 7% from 3Q10

EPS Excluding One-Time Costs = $0.52, Down 5% from 3Q10

Capital Ratios Improved (Tier 1 Leverage up 35 bps to 11.24%)

Financial Overview

Favorable Balance Sheet Growth

4Q10 Results

•

Loans +$244mm, +4%

•

Deposits -$349mm -4%

•

Loan/Deposits = 71%

•

Equity = -$3mm, -0.3%

•

Equity/Assets = 12.67%

•

Tier 1 Leverage = 11.24%

•

Div Payout = 70.1%

•

ROA = 0.50%

•

ROE = 3.94%

•

ROTE = 5.26%

•

Efficiency Ratio = 73%

•

Tang Eff. Ratio = 71%

•

BV/Share = $48.50

•

Tang BV/Share = $38.68

Financial Overview

Trends -

Mortgage Interest Rates

Source: Bloomberg

Conforming

Rates Have

Fallen

Substantial

Refi

Activity

Sales

Spreads

Remain

Favorable

Improved

Competitive

Dynamics In

Mortgage

Business

Financial Overview

Trends –

Jumbo Mortgage Rates

Source: Bloomberg

Subprime Mtg.

Market Gone &

Alt-A Market Is

Stalled

Jumbo Spread

Has Narrowed

Considerably

Mix Of FHA/VA

& Conforming

Product

In December,

31% Of Our

Production

Was FHA/VA

And 61% Was

Conventional

Financial Overview

Mortgage Quarterly Revenues

In 4Q10 Closed

$517mm (-1% Vs.

3Q10)

In 4Q10 Sold

$602mm (+31%

Vs. 3Q10)

Highest Revenue

Quarter in

Company History

4Q10 Vs. 3Q10:

20% Increase In

Mtg. Revenues

$107mm Locked

Pipeline on

1/21/11

Financial Overview

Title Insurance Qtrly

Revenues

Title & Mortgage

Footprints Don’t

Necessarily

Overlap

4Q10: $4.7mm

In Revenues

(-3% Vs. 3Q10)

Impairment

Recorded in

4Q09 Totaling

$9.7 mm

New CEO For

Title Business

On 10/25/10

Financial Overview

Service Charges/Revenues

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

TIBB

EBTX

PBIB

IBKC

WTNY

CSFL

SBCF

HOMB

UCBI

OZRK

PFBX

HBHC

FSGI

RNST

TRMK

BXS

SFNC

FMFC

SBSI

CCBG

MSL

IBKC = 5.4%

Source: SNL

Data as of most recent quarter

Non-Interest Income Excludes Gains on Acquisitions and Investment Sales

•

Less Reliance On

Service Charge

Income And

Consumer Fees

Than Peers

•

77% Of Eligible

Accounts With

Overdraft Activity

Have Opted-In To

Overdraft Services

(Reg-E)

Financial Overview

Quarterly Repricing Schedule

Excess Cash Methodically Being Deployed

Favorable Repricing Opportunities

1Q11

2Q11

3Q11

4Q11

1Q12

Cash Equivalents

299.2

0.41%

0.00%

Investments

156.5

118.2

106.9

118.1

75.9

3.97%

4.21%

4.07%

3.24%

4.02%

Loans

3,346.7

330.0

319.8

246.0

160.4

3.53%

5.34%

5.07%

5.80%

5.76%

Time Deposits

646.8

581.1

437.9

394.2

236.1

1.59%

1.57%

1.88%

2.36%

Borrowed Funds

350.4

2.9

3.6

1.4

13.1

1.15%

3.55%

3.67%

3.58%

3.28%

Financial Overview

Interest Rate Simulations

Source: Bancware

model, as of December 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 Small Positive Impact Over 12 Months

Includes FDIC Assisted Acquisitions of CapitalSouth, Orion, Century and Sterling

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-0.7%

0.4%

0.0%

0.8%

2.3%

-0.2%

0.1%

Economic

Value of

Equity

-13.1%

-3.1%

0.0%

-0.7%

-3.6%

1.7%

0.5%

Financial Overview

Annual Change In Stock Price

Source: Bloomberg

as of January 24, 2011

Financial Overview

Last 12 Months Price Change By Index

Source: SNL Through January 24, 2011

-10%

10%

20%

30%

Southeast Banks

Banks < $250M

Banks $5B-$10B

Micro Cap Banks

Banks < $500M

Banks $250M-$500M

Mid Cap Banks

NASDAQ Bank

Banks $500M-$1B

Banks $1B-$5B

IBERIABANK Corporation

Small Cap Banks

Midwest Banks

NASDAQ Finl

NYSE

Banks

New England Banks

Banks > $10B

All Financial Institutions

S&P Bank

Large Cap Banks

KBW Bank

Southwest Banks

Western Banks

S&P Financials

Russell 3000

TARP Participants

S&P 500

Mid-Atlantic Banks

Russell 2000

NASDAQ

S&P Small-Cap

S&P Mid-Cap

+8%

Financial Overview

3 Years Price Change By Index

Source: SNL Through January 24, 2011

-70%

-60%

-50%

-40%

-30%

-20%

-10%

10%

20%

30%

Southeast Banks

Micro Cap Banks

Mid Cap Banks

Banks < $250M

S&P Bank

Banks < $500M

Banks $250M-$500M

S&P Financials

KBW Bank

Banks > $10B

TARP Participants

Banks

Banks $1B-$5B

Midwest Banks

Banks $500M-$1B

New England Banks

Large Cap Banks

All Financial Institutions

Mid-Atlantic Banks

Small Cap Banks

Banks $5B-$10B

NASDAQ Bank

NASDAQ Finl

Southwest Banks

NYSE

S&P 500

Western Banks

Russell 3000

S&P Small-Cap

Russell 2000

NASDAQ

S&P Mid-Cap

IBERIABANK Corporation

+25%

Asset Quality

Asset Quality

Loan Portfolio Mix

% based on gross portfolio –

excluding discounts on

loans acquired in FDIC-assisted transactions

Residential

Home Equity

Credit Card

Automobile

Indirect

Automobile

Other Consumer

Business

20%

Commercial RE

23%

All Other Loans

CapitalSouth

Gross Loans

= 4%,

Discount = 1%

Orion

Gross Loans

= 12%,

Discount = 6%

Century

Gross Loans

=5%,

Discount = 2%

Transparent slices indicate

loan discounts

Sterling

Gross Loans

= 2%,

Discount = 1%

$000s

% of CRE

Loans

C&D-IBERIABANK fsb

57,286

C&D-IBERIABANK

207,961

13%

CRE-Owner Occupied

558,909

36%

CRE-Non-Owner Occupied

735,976

47%

11%

Total Commercial RE

1,560,133

100%

23%

Asset Quality

IBERIABANK

Builder & Non-Builder

C&D Loan Exposure

Note: Excludes Covered Loans

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

%Total

Funded

$ Funded

Lafayette

54,242

71,908

148

26.1%

75%

366,498

Community Bank

3,036

110

1.5%

100%

27,601

Baton Rouge

25,232

41,926

12.1%

60%

365,676

New Orleans

69,216

88,340

33.3%

78%

865,202

Northshore

7,624

7,647

3.7%

100%

401,245

Regional Commercial South

6,077

6,856

2.9%

89%

2,025,602

Shreveport

6,986

11,156

3.4%

63%

498,973

NE Louisiana

5,794

6,765

2.8%

86%

103,461

Regional Commercial North

18,306

31,124

8.8%

59%

3,051,036

Mobile

4,210

6,255

2.0%

67%

842,066

Birmingham

665

1,296

0.3%

51%

332,394

Houston

1,500

0.7%

100%

1,500,000

Mortgage - RIC

5,075

5,967

2.4%

85%

195,180

Total

207,961

283,775

539

100.0%

73%

385,828

On 9/30/10

222,217

295,702

490

100.0%

75%

453,505

By Dollar Amount ($000)

Construction & Development

Loans (1A)

<100%

100%

<100%

100%

Complete

Lafayette

14,487

39,755

127

Community Bank

3,036

110

Baton Rouge

5,279

19,952

New Orleans

23,625

45,592

Northshore

7,624

Regional Commercial South

1,476

4,601

Shreveport

1,490

5,495

NE Louisiana

243

5,550

Regional Commercial North

3,679

14,627

Mobile

2,331

1,880

Birmingham

665

Houston

1,500

Mortgage - RIC

1,069

4,006

Total

54,344

153,617

460

On 9/30/10

48,165

174,052

417

Construction & Development

Loans (1A)

By Dollar Amount ($000)

Number

% Balance

Funded

Loans

Discounts &

Balance

Current

30-59

60-89

> 90

Nonaccrual

Reserves

Nonaccrual

Reserves

Lafayette

54,242

54,172

1,050

0.1%

1.94%

Community Bank

3,036

2,997

1.1%

1.12%

Baton Rouge

25,232

328

0.0%

1.30%

New Orleans

69,216

68,719

486

766

0.0%

1.11%

Northshore

7,624

3,439

4,184

121

54.9%

1.58%

Regional Commercial South

6,077

0.0%

0.73%

Shreveport

6,986

0.0%

0.86%

NE Louisiana

5,794

5,712

113

0.9%

1.96%

Regional Commercial North

18,306

17,960

346

456

1.9%

2.49%

Mobile

4,210

Birmingham

665

Houston

1,500

0.0%

1.11%

Mortgage - RIC

5,075

3,222

1,852

36.5%

0.51%

Total

207,961

200,891

486

6,550

3,069

3.1%

1.48%

On 9/30/10

222,217

215,074

232

6,880

3,365

3.1%

1.51%

By Dollar Amount ($000)

# Of Days Past Due

Construction & Development

Loans (1A)

Asset Quality

4Q10 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

($thousands)

IBERIABANK

IBERIABANK fsb

IBERIABANK Corporation

2Q10

3Q10

4Q10

2Q10

3Q10

4Q10

2Q10

3Q10

4Q10

Nonaccruals

847,617

853,299

788,979

22,537

18,054

27,265

870,154

871,353

816,244

OREO & Foreclosed

35,666

44,623

56,610

10,177

12,872

12,608

45,843

57,495

69,217

90+ Days Past Due

111,475

39,442

51,670

2,416

4,151

1,442

113,891

43,593

53,112

Nonperforming Assets

994,758

937,365

897,259

35,130

35,077

41,314

1,029,887

972,441

938,573

NPAs/Assets

11.52%

10.67%

10.80%

2.11%

2.06%

2.51%

9.93%

9.21%

9.36%

NPAs/(Loans + OREO)

20.73%

19.56%

18.01%

3.49%

3.32%

3.68%

17.74%

16.63%

15.37%

LLR/Loans

1.59%

2.33%

2.35%

2.04%

2.05%

1.84%

1.67%

2.28%

2.26%

Net Charge-Offs/Loans

0.46%

0.34%

0.23%

0.31%

0.48%

2.87%

0.44%

0.36%

0.72%

Past Dues:

30-89 Days Past Due

115,442

82,059

108,278

3,585

7,727

3,067

119,026

89,786

111,345

90+ days Past Due

111,475

39,442

51,670

2,416

4,151

1,442

113,891

43,593

53,112

Nonaccual Loans

847,617

853,299

788,979

22,537

18,054

27,265

870,154

871,353

816,244

Total 30+ Past Dues

1,074,533

974,801

948,926

28,537

29,932

31,774

1,103,071

1,004,732

980,700

% Loans

22.56%

20.54%

11.42%

2.86%

2.87%

2.86%

19.15%

17.35%

16.25%

Loan Mix:

Commercial

64.6%

65.7%

66.7%

68.5%

70.3%

71.3%

65.0%

66.2%

67.2%

Consumer

13.3%

14.9%

15.0%

18.9%

17.8%

17.3%

14.3%

15.4%

Mortgage

14.9%

13.4%

12.5%

6.6%

6.2%

5.6%

13.6%

12.4%

11.5%

Business Banking

1.6%

1.3%

1.9%

1.8%

1.9%

1.7%

1.4%

Indirect

5.6%

4.7%

4.5%

0.0%

4.7%

4.0%

3.8%

Credit Cards

0.0%

4.1%

3.9%

0.7%

0.6%

0.7%

Total Loans

100.0%

Asset Quality

Loans Past Due + Non-Accruals

By Entity:

9/30/09

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

IBERIABANK (Ex-FDIC Covered Assets)

30+ days past due

0.32%

0.58%

0.67%

0.81%

0.32%

0.30%

Non-accrual

0.45%

0.38%

0.94%

0.78%

0.70%

0.66%

Total Past Due

0.77%

0.96%

1.61%

1.59%

1.02%

0.96%

IBERIABANK fsb

30+ days past due

1.09%

1.12%

0.88%

0.60%

1.14%

0.41%

Non-accrual

2.45%

2.78%

2.42%

2.26%

1.73%

2.46%

Total Past Due

3.54%

3.90%

3.30%

2.86%

2.87%

Consolidated (Ex-FDIC Covered Assets)

30+ days past due

0.50%

0.72%

0.73%

0.77%

0.52%

0.33%

Non-accrual

0.92%

0.97%

1.31%

1.13%

0.96%

1.11%

Total Past Due

1.42%

1.69%

2.04%

1.90%

1.48%

1.44%

CapitalSouth Only

30+ days past due

5.78%

5.69%

7.54%

7.83%

7.94%

7.10%

Non-accrual

18.67%

22.25%

25.23%

23.87%

23.38%

21.12%

Total Past Due

24.45%

27.94%

32.77%

31.70%

31.32%

28.22%

Orion Only

30+ days past due

8.72%

4.64%

8.51%

3.59%

6.11%

Non-accrual

30.37%

36.63%

34.06%

36.26%

34.52%

Total Past Due

39.09%

41.27%

42.57%

39.85%

40.63%

Century Only

30+ days past due

6.03%

7.04%

7.58%

3.53%

5.44%

Non-accrual

30.67%

35.90%

38.31%

40.57%

41.39%

Total Past Due

36.70%

42.94%

45.89%

44.10%

46.83%

Sterling Only

30+ days past due

7.31%

10.68%

Non-accrual

20.08%

26.68%

Total Past Due

27.39%

37.36%

Consolidated With FDIC Covered Assets

30+ days past due

1.06%

3.60%

3.09%

3.48%

1.98%

2.44%

Non-accrual

2.79%

12.70%

14.23%

13.01%

12.95%

12.10%

Total Past Due

3.85%

16.30%

17.32%

16.49%

14.93%

14.54%

Loans Past Due

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

Asset Quality

Trends –

Entity NPAs & Past Dues

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

4Q09

1Q10

2Q10

3Q10

4Q10

$Chg

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

Last Qtr.

Nonaccrual

IBERIABANK

865,494

944,590

847,617

853,299

788,979

(64,320)

IBERIABANK fsb

27,947

24,569

22,537

18,054

27,265

9,211

Consolidated

893,441

969,159

870,153

871,353

816,244

(55,109)

OREO & Foreclosed Assets

IBERIABANK

62,811

38,706

35,666

44,623

56,610

11,987

IBERIABANK fsb

11,281

11,436

10,177

12,872

12,607

(265)

Consolidated

74,092

50,142

45,843

57,495

69,217

11,722

Accruing 90+ Days Past Due

IBERIABANK

42,184

59,041

111,475

39,442

51,670

12,228

IBERIABANK fsb

1,767

1,316

2,416

4,151

1,442

(2,709)

Consolidated

43,952

60,357

113,891

43,593

53,112

9,519

Total NPAs

IBERIABANK

970,489

1,042,337

994,758

937,365

897,259

(40,106)

IBERIABANK fsb

40,996

37,321

35,130

35,077

41,314

6,237

Consolidated

1,011,485

1,079,658

1,029,887

972,441

938,573

(33,869)

NPAs / Total Assets

IBERIABANK

12.05%

12.01%

11.52%

10.67%

10.80%

IBERIABANK fsb

2.68%

2.27%

2.11%

2.06%

2.51%

Consolidated

10.43%

10.39%

9.93%

9.21%

9.36%

30-89 Days Past Due

IBERIABANK

199,558

111,579

115,442

82,059

108,278

26,219

IBERIABANK fsb

9,461

7,647

3,585

7,727

3,067

(4,660)

Consolidated

209,019

119,226

119,026

89,786

111,345

21,559

30-89 Days PDs / Loans

IBERIABANK

4.18%

2.36%

2.50%

1.73%

2.20%

IBERIABANK fsb

0.94%

0.75%

0.36%

0.74%

0.28%

Consolidated

3.61%

2.08%

2.07%

1.55%

1.84%

Asset Quality

Trends –

Entity LLR & Net COs

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

4Q09

1Q10

2Q10

3Q10

4Q10

$Chg

12/31/09

3/31/10

06/30/10

09/30/10

12/31/2010

Last Qtr.

Loan Loss Reserve*

IBERIABANK

34,431

43,763

75,660

110,578

115,651

5,073

IBERIABANK fsb

21,337

20,112

20,340

21,376

20,449

(927)

Consolidated

55,768

63,875

96,000

131,954

136,100

4,146

LLR / Total Loans

IBERIABANK

0.72%

0.93%

1.59%

2.33%

2.35%

IBERIABANK fsb

2.12%

1.98%

2.04%

2.05%

1.84%

Consolidated

0.96%

1.11%

1.67%

2.28%

2.26%

Net Charge-Offs

IBERIABANK

419

1,530

5,351

4,108

2,790

(1,318)

IBERIABANK fsb

1,865

3,564

760

1,222

7,716

6,493

Consolidated

2,284

5,094

6,111

5,330

10,506

5,176

Net COs/Avg Loans

IBERIABANK

0.04%

0.13%

0.46%

0.34%

0.23%

IBERIABANK fsb

0.78%

1.41%

0.31%

0.48%

2.87%

Consolidated

0.18%

0.36%

0.44%

0.36%

0.72%

LLR Coverage Of NPAs

IBERIABANK

12%

13%

IBERIABANK fsb

52%

54%

58%

61%

49%

Consolidated

14%

15%

Does not include loan discounts associated with acquisitions.

Asset Quality

Loan Mix And 30 Days+ Past Due

4Q09

1Q10

2Q10

3Q10

4Q10

4Q10*

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

% of Outstandings

Commercial

62.7%

63.0%

65.0%

66.2%

67.3%

68.0%

Mortgage

17.3%

17.1%

13.6%

12.4%

11.5%

8.3%

Consumer

13.0%

14.3%

15.4%

14.9%

Indirect

4.5%

4.7%

4.0%

3.8%

5.7%

Business Banking

1.7%

1.4%

2.1%

Credit Cards

0.8%

0.7%

0.6%

1.0%

Total Loans

100.0%

Past Due 30+ Days*

Commercial

24.62%

21.17%

17.08%

15.99%

15.55%

1.34%

Mortgage

17.52%

16.61%

16.54%

14.28%

14.94%

2.06%

Consumer

9.74%

8.06%

10.96%

16.22%

14.82%

1.62%

Indirect

1.19%

1.01%

0.78%

0.87%

Business Banking

2.17%

2.73%

2.51%

2.95%

2.57%

Credit Cards

1.52%

2.12%

1.71%

1.50%

1.57%

1.44%

Total Loans

19.82%

17.32%

15.01%

14.93%

14.54%

1.44%

IBERIABANK

23.04%

20.21%

17.42%

17.03%

16.73%

0.96%

IBERIABANK fsb

3.90%

3.30%

2.86%

2.87%

Consolidated

19.82%

17.32%

15.01%

14.93%

14.54%

1.44%

Includes Non-Accrual Loans

Excludes FDIC assisted acquisitions

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

•

$4.8 Million Loan Loss Provision In 4Q10 (3Q10 = $2.9 Million)

IBERIABANKfsb

Franchise

•

Construction Portfolio Is Only $4.4 Million (0.07% of Total Loans)

•

$6.8 Million Loan Loss Provision in 4Q10 (3Q10 = $2.2 Million)

$10.5 Million In

Legacy Net

Charge-Offs In

4Q10 (0.96% Of

Average Loans)

4Q09

1Q10

2Q10

3Q10

4Q10

Net Charge-Offs - legacy

2,283

5,094

5,956

6,123

10,473

Loan Growth

14,326

(501)

354

683

5,501

Change In Asset Quality

(7,350)

7,680

158

(3,548)

(4,418)

Loan Loss Provision - legacy

9,260

12,273

6,468

3,258

11,556

Loan Loss Provision - FDIC Acqs

928

6,431

1,870

(332)

Total Loan Loss Provision

9,260

13,201

12,899

5,128

11,224

Net Charge-Offs/Avg. Loans

0.18%

0.36%

0.44%

0.36%

0.72%

Loan Loss Reserve/Loans

0.96%

1.11%

1.67%

2.28%

2.26%

The Lowest Level Of

C&D Loan Exposure

Compared To Peers

One Of The Lowest

Levels Of NPAs

Compared To Peers

Asset Quality

C&D Loans And

NPAs Compared To

Peers

Source: SNL, using most recent quarterly information

C&D Loans /

Total Loans

NPAs / Total

Assets

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

IBKC

SBCF

SFNC

TRMK

PNFP

CCBG

BXS

PRSP

WTNY

HBHC

UCBI

OZRK

4.0%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

PRSP

IBKC

HBHC

SFNC

TRMK

PNFP

OZRK

BXS

WTNY

CCBG

UCBI

SBCF

0.69%

9.36%

IBKC

Including Acquisitions

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

IBERIABANK

fsb

TOTAL

Non-Owner Occupied

Current

707.3

187.7

895.0

Past Due

1.7

0.8

2.5

Nonaccrual

5.4

17.2

22.7

Total

714.5

205.7

920.2

% Nonaccrual

0.76%

8.38%

2.46%

Owner Occupied

Current

495.9

136.6

632.6

Past Due

1.2

0.5

1.7

Nonaccrual

3.8

1.9

5.6

Total

500.9

139.0

639.9

% Nonaccrual

0.75%

1.34%

0.88%

Total CRE

1,215.4

344.7

1,560.1

% Nonaccrual

0.76%

5.54%

1.81%

Last Qtr (9/30/10)

0.92%

3.85%

1.52%

Non-Owner Occup/Tier 1 Cap.

95%

114%

76%

Asset Quality

Commercial Loan Composition

Note:

December

31,

2010;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

Consumer Loan

Portfolio

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

Volume

Score

Volume

Score

Volume

Score

HELOC

153

741

742

185

741

Home Equity Loans

183

726

117

728

299

727

Unsecured Lines

733

724

733

Unsecured

703

Other Secured

702

700

702

Indirect Auto

229

720

229

720

Total

631

722

170

720

801

722

Consumer Portfolio - Product Type And Average Score

IBERIABANK

IBERIABANK fsb

IBERIABANK Corp

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

11%

13%

14%

750 - 799

38%

35%

20%

28%

27%

30%

700 - 749

27%

23%

29%

25%

21%

22%

650 - 699

12%

14%

20%

18%

17%

600 - 649

12%

10%

550 - 599

500 - 549

450 - 499

400 - 449

Other

Total

100%

Avg. Score

741

727

733

703

702

720

Consumer Portfolio - Score Distribution By Product

Consumer

Loan

Portfolio

Past Dues

By Product

Generally Good

And Stable

Asset Quality

Across

Consumer

Products

Excludes Covered Loans from FDIC Acquisitions

9/30/09

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

Home Equity Lines of Credit

30 to 59 Days Past Due

0.32%

0.57%

0.86%

0.47%

0.24%

0.21%

60 to 89 Days Past Due

0.07%

0.33%

0.14%

0.05%

0.03%

0.28%

Over 90 Days Past Due

0.13%

0.07%

0.14%

0.29%

0.15%

0.00%

Total 30+ Days Past Due

0.51%

0.98%

1.14%

0.80%

0.42%

0.49%

Net Charge-Offs

1.25%

0.35%

0.47%

0.58%

0.87%

1.28%

Home Equity Term Loans

30 to 59 Days Past Due

0.57%

0.85%

1.08%

0.45%

0.28%

0.57%

60 to 89 Days Past Due

0.20%

0.22%

0.18%

0.24%

0.16%

0.17%

Over 90 Days Past Due

0.21%

0.32%

0.19%

0.13%

0.31%

0.00%

Total 30+ Days Past Due

0.98%

1.38%

1.45%

0.82%

0.75%

Net Charge-Offs

0.81%

0.08%

0.46%

0.93%

0.21%

0.65%

Indirect Loans

30 to 59 Days Past Due

0.51%

0.64%

0.49%

0.30%

0.34%

0.40%

60 to 89 Days Past Due

0.16%

0.10%

0.07%

0.08%

0.09%

0.07%

Over 90 Days Past Due

0.06%

0.09%

0.07%

0.03%

0.00%

Non Accrual

0.36%

0.39%

0.40%

0.39%

0.35%

0.42%

Total 30+ Days Past Due

1.08%

1.23%

1.04%

0.80%

0.81%

0.89%

Net Charge-Offs

0.54%

0.43%

0.31%

0.39%

0.13%

0.39%

Credit Card Loans

30 to 59 Days Past Due

0.32%

0.40%

0.37%

0.35%

0.34%

60 to 89 Days Past Due

0.24%

0.30%

0.48%

0.21%

0.22%

Over 90 Days Past Due

0.64%

0.54%

0.00%

Total 30+ Days Past Due

1.20%

1.24%

0.85%

0.58%

0.56%

Net Charge-Offs

2.48%

2.63%

3.03%

2.16%

1.98%

Other Consumer Loans

30 to 59 Days Past Due

0.47%

0.83%

0.58%

0.42%

0.48%

0.36%

60 to 89 Days Past Due

0.33%

0.75%

0.25%

0.21%

0.10%

Over 90 Days Past Due

0.36%

0.35%

0.45%

0.10%

0.04%

0.00%

Total 30+ Days Past Due

1.15%

1.94%

1.28%

0.73%

0.62%

0.46%

Net Charge-Offs

3.35%

1.54%

2.57%

1.45%

2.11%

1.86%

Total Consumer Loans

Total 30+ Days Past Due

0.84%

1.19%

1.11%

0.68%

0.57%

0.58%

Net Charge-Offs

1.14%

0.49%

0.71%

0.84%

0.60%

0.90%

Consumer Loan Portfolio - Quarterly Credit Statistics

Loans Past Due As A % of Product Loans

Consumer Loan Portfolio

By Product –

Origination Mix

Consumer Loan Portfolio

By Product –

Loan-To-Values

Consumer Loan Portfolio

Indirect –

30+ Days Past Dues

Consumer Loan Portfolio

Indirect –

Net Charge-Offs

FDIC Loss Share

Performance

Loss Share Performance

Covered Portfolio Performance

($ in thousands)

Original

Estimated

Losses

Additional

Impairment

Losses to

Date

Estimated

Remaining

Losses @

12/31/10

Projected

Total

Losses

FDIC

Threshold

Projected

Credit

Improvement

Projected

Credit

Improvement

excl.

Additional

Impairment

CapitalSouth

111,385

11,099

39,602

46,378

85,980

135,000

25,405

36,503

Acquired 8/21/2008

Orion Bank

865,189

35,273

375,083

243,595

618,678

550,000

246,511

281,783

Acquired 11/13/09

Century Bank

296,809

27,256

112,429

164,774

277,203

285,000

19,606

46,861

Acquired 11/13/09

Sterling Bank

84,101

5,240

78,861

84,101

52,000

Acquired 7/23/10

Total

1,357,484

73,627

532,354

533,608

1,065,962

291,522

365,148

Loss Share Performance

Covered Loan Portfolio Rollforward

($ in thousands)

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,571,248

36,709

9.199%

1,466,627

39,453

10.592%

Mortgage Loans

289,197

7,479

10.345%

247,827

6,159

9.941%

Credit Card

1,204

8.374%

1,154

6.934%

Consumer

190,836

2,893

6.015%

213,082

3,225

6.005%

Line Of Credit-Consumer Loans

84,514

1,623

7.618%

79,958

4,582

22.733%

Commercial & Business Banking

1,004,908

24,688

9.636%

924,098

25,467

10.792%

Loans in Process

589

0.000%

508

0.000%

Overdrafts

0.000%

FDIC Loss Share Receivable

865,810

(5,025)

-2.271%

899,558

(8,619)

-3.749%

Net Covered Loan Portfolio

2,437,058

31,684

5.133%

2,366,185

30,834

5.143%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,571,248

36,709

9.199%

1,466,627

39,453

10.592%

CapitalSouth Bank

273,100

5,268

7.63%

250,865

8,355

13.17%

Orion Bank

817,253

20,627

9.88%

742,289

24,721

13.05%

Century Bank

366,169

8,860

9.58%

332,360

3,878

4.61%

Sterling Bank

114,725

1,953

5.86%

141,113

2,499

6.77

FDIC Loss Share Receivable

865,810

(5,025)

-2.271%

899,558

(8,619)

-3.749%

CapitalSouth Bank

77,103

(954)

-4.840%

79,553

(2,600)

-12.788%

Orion Bank

551,435

(4,562)

-3.237%

555,610

(5,568)

-3.921%

Century Bank

186,425

349

0.732%

197,355

(593)

-1.177%

Sterling Bank

50,847

141

1.089%

67,040

142

0.830%

Net Covered Loan Portfolio

2,437,058

31,684

5.133%

2,366,185

30,834

5.143%

CapitalSouth Bank

350,204

4,314

4.887%

330,418

5,756

6.921%

Orion Bank

1,368,688

16,066

4.596%

1,297,899

19,153

5.783%

Century Bank

552,594

9,209

6.595%

529,715

3,285

2.457%

Sterling Bank

165,573

2,095

4.393%

208,153

2,641

4.854%

3Q2010

4Q2010

3Q2010

4Q2010

Markets

Markets –

Local Economies

Unemployment –

vs. U.S. MSAs

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-

Agreements

Markets –

Local Economies

Freddie Mac –

Regional Prices

FHLMC, “Home Values Decline in Third Quarter"

November 30, 2010

Source: Freddie Mac

Last 5-Year

Housing

Price

Last 12

3Q10 vs.

Region

States Included

Change

Months

2Q10

West South Central

LA, AR, TX, OK

13.6%

0.2%

-3.1%

New England

CT, MA, ME, NH, RI, VT

-10.3%

-0.5%

1.1%

Middle Atlantic

NY, NJ, PA

1.9%

-0.6%

-2.5%

West North Central

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

-2.2%

-1.9%

-6.7%

East South Central

TN, AL, MS, KY

5.6%

-1.9%

-2.3%

Pacific

CA, OR, WA, HI, AK

-20.7%

-2.6%

-9.3%

East North Central

IL, IN, MI, OH, WI

-10.2%

-3.6%

-6.4%

South Atlantic

NC, SC, FL, GA, VA, MD, WV, DC, DE

-12.0%

-6.3%

-12.2%

Mountain

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

-13.7%

-8.3%

-18.1%

United States

-8.1%

-3.1%

-7.4%

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

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

Markets-Local Economies

IBKC Market Demographics

Source: SNL Financial

MSA

IBKC

Market

Rank

IBKC

Offices

IBKC

Deposits

IBKC Dep

Mkt. Share

(%)

Percent of

IBKC

Franchise

Market

Population

Change

2000-10

(%)

Projected

Population

Change

2010-15

(%)

Median

Income

2010

($)

Income

Change

2000-2010

(%)

Projected

HH Income

Change

2010-15

(%)

FLORIDA

North Port-Bradenton-Sarasota, FL

942,036

5.55

10.85

712,761

20.82

4.06

51,943

27.68

10.66

Naples-Marco Island, FL

824,574

7.46

9.50

332,156

32.13

5.99

62,368

28.82

11.33

Miami-Fort Lauderdale-Pompano Beach-Homestead, FL

758,759

0.48

8.74

5,513,060

10.09

1.37

51,835

28.66

13.46

Key West, FL

197,375

8.74

2.27

73,868

(7.19)

(4.68)

53,763

25.83

10.94

Cape Coral-Fort Myers, FL

197,292

1.69

2.27

628,829

42.63

8.17

51,699

28.21

10.86

Jacksonville, FL

80,159

0.18

0.92

1,389,042

23.72

7.08

54,392

27.54

11.94

LOUISIANA

Lafayette, LA

1,294,043

24.87

14.90

263,368

10.16

4.27

40,904

15.26

8.20

New Iberia, LA

825,934

48.14

9.51

75,402

2.92

0.17

35,185

13.27

7.36

New Orleans-Metairie-Kenner, LA

706,559

2.53

8.14

1,187,772

(9.78)

8.77

42,621

20.67

6.36

Baton Rouge, LA

344,194

2.24

3.96

789,682

11.86

4.80

42,872

14.54

7.08

Monroe, LA

318,375

11.65

3.67

174,353

2.53

1.13

35,606

12.22

10.11

Shreveport-Bossier City, LA

202,919

3.42

2.34

394,961

5.05

1.61

37,988

14.48

8.83

Ruston, LA

99,879

9.35

1.15

57,874

(0.06)

(0.30)

30,621

11.16

4.98

Crowley, LA

55,324

7.29

0.64

60,988

3.61

0.49

29,921

12.20

4.42

Abbeville, LA

47,411

5.48

0.55

56,867

5.69

1.46

31,930

8.45

6.64

Bastrop, LA

18,964

7.19

0.22

28,799

(7.16)

(3.98)

27,955

11.26

5.29

Houma-Bayou Cane-Thibodaux, LA

14,864

0.37

0.17

204,128

4.96

0.46

39,560

12.74

9.36

ARKANSAS

Little Rock-North Little Rock-Conway, AR

439,589

3.25

5.06

694,164

13.70

5.87

51,146

31.38

13.27

Jonesboro, AR

215,850

8.60

2.49

119,895

11.26

6.02

39,890

28.23

16.63

Fayetteville-Springdale-Rogers, AR-MO

121,448

1.62

1.40

461,723

33.04

10.17

48,929

35.01

9.83

Paragould, AR

8,933

1.25

0.10

41,398

10.89

4.05

39,063

26.62

15.16

TENNESSEE

Memphis, TN-MS-AR

170,942

0.77

1.97

1,325,833

10.01

4.28

51,618

30.32

11.85

TEXAS

Houston-Sugar Land-Baytown, TX

52,825

0.04

0.61

6,017,013

27.60

10.46

58,086

30.07

14.35

Birmingham-Hoover, AL

249,344

0.90

2.87

1,133,874

7.76

3.39

45,636

20.09

6.12

Montgomery, AL

86,103

1.47

0.99

372,902

7.61

3.06

44,338

19.12

8.45

Mobile, AL

70,134

1.18

0.81

410,234

2.60

1.01

39,492

17.15

9.17

Huntsville, AL

67,999

0.94

0.78

407,958

19.15

9.36

51,241

18.68

7.69

Aggregate: National

96.88

311,212,863

10.59

3.85

54,442

29.12

12.39

ALABAMA

Markets –

Local Economies

IBKC 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 20 New Bank

Offices

Opened 22 Mortgage

Offices

Opened 2 Title Office

11 Office Realignments

Markets –

Local Economies

Oil & Gas Impact

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