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): October 26, 2011

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 October 26, 2011, the Registrant announced its results of operations for the three- and nine-month periods ended September 30, 2011. 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 7.01 Regulation FD Disclosure

On October 26, 2011, the Registrant announced a new share repurchase program for up to 900,000 shares of the Registrant’s common stock. Under the prior program which was completed during the quarter ended September 30, 2011, the Registrant purchased 900,000 shares of common stock at a weighted average price of $45.98 per share. A copy of the Registrant’s related press release is attached as Exhibit 99.3 to this Current Report on Form 8-K and is incorporated herein by reference.

On October 26, 2011, the Registrant disclosed its strategic goals under its updated strategic plan. Copies of the related press release and the Registrant’s Strategic Overview are attached as Exhibits 99.3 and 99.4, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The exhibits listed in the exhibit index are furnished pursuant to Items 2.02 and 7.01 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 26, 2011	By:	/s/ Daryl G. Byrd
		Daryl G. Byrd
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release reporting third quarter results dated October 26, 2011, issued by the Registrant.
99.2	Supplemental Materials to third quarter earnings conference call
99.3	Press Release reporting share repurchase plan and updated strategic plan, dated October 26, 2011, issued by the Registrant
99.4	IBERIABANK Corporation Strategic Overview, dated October 26, 2011

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 26, 2011

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 124-year-old IBERIABANK (www.iberiabank.com), reported operating results for the third quarter ended September 30, 2011. For the quarter, the Company reported income available to common shareholders of $17 million and fully diluted earnings per share (“EPS”) of $0.58. The Company completed the acquisitions of OMNI BANCSHARES, Inc. (“OMNI”) and Cameron Bancshares, Inc. (“Cameron”) on May 31, 2011. Financial statements reflect the impact of those acquisitions beginning on that date. The conversions of branch and operating systems of OMNI and Cameron were successfully completed over the weekends of June 18-19 and July 9-10, respectively. The Company incurred pre-tax acquisition and conversion costs equal to $6 million, or $0.12 per share on an after-tax basis. Excluding the acquisition and conversion costs, EPS in the third quarter of 2011 was $0.70 per share.

Daryl G. Byrd, President and Chief Executive Officer of the Company commented, “We are pleased with the progress exhibited in our financial results for the third quarter of 2011. We continue to benefit from strong organic loan and core deposit growth and expanded client market share. Our net interest margin improved significantly during the third quarter, asset quality and capital levels remain very favorable compared to peers, and we are on target to achieve projected synergies associated with our recent acquisitions.” Byrd continued, “We remain very well positioned for this very challenging operating environment.”

Highlights for the Third Quarter of 2011 and September 30, 2011:

• EPS of $0.70 per share excluding acquisition and conversion costs. The average analyst estimate for EPS for the third quarter of 2011 as reported in First Call was $0.58 per share.

• Loan growth of $110 million, or 2%, between quarter-ends (8% annualized rate), excluding loans, OREO, and other assets covered under FDIC loss share agreements (“Covered Assets”).

• Core deposit growth (excluding time deposits) of $217 million, or 3% (14% annualized growth), compared to June 30, 2011.

• Tax-equivalent net interest margin improved 34 basis points between the second and third quarters of 2011 (“linked quarter basis”) to 3.62%. The yield on FDIC covered loans (net of FDIC indemnification asset yield) was 4.93%, up 85 basis points compared to the second quarter of 2011 and up three basis points compared to management’s initial estimate of 4.90% for the third quarter.

• Continued asset quality strength; Nonperforming assets (“NPAs”), excluding Covered Assets and impaired loans marked to fair value that were acquired in the OMNI and Cameron acquisitions, equated to 0.95% of total assets at September 30, 2011, compared to 0.84% at June 30, 2011.

• The Company completed the share repurchase program announced on August 2, 2011. Under that program, 900,000 shares of the Company’s common stock were purchased during the third quarter of 2011 at a weighted average price of $45.98 per share. The closing price for the Company’s common stock was $51.30 per share on October 26, 2011.

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• The Company announced today the Board of Directors has authorized a new share repurchase program totaling an additional 900,000 shares of common stock to be completed over a one-year period.

• Capital ratios remain strong; At September 30, 2011, the Company’s tangible common equity ratio was 9.77%, tier 1 leverage ratio was 10.55%, and total risk based capital ratio was 16.75%.

Balance Sheet Summary

Total assets increased $76 million, or 1%, since June 30, 2011, to $11.5 billion at September 30, 2011. Over this period, total loans increased $26 million, or less than 1%; investment securities decreased $158 million, or 7%; and total deposits increased $117 million, or 1%. Total shareholders’ equity decreased $35 million, or 2%, since June 30, 2011, to $1.5 billion at September 30, 2011. The decrease in shareholders’ equity was primarily due to the recently completed share repurchase program.

Investments

Total investment securities decreased $158 million during the third quarter of 2011, or 7%, to $2.1 billion at September 30, 2011. As a percentage of total assets, the investment portfolio edged down from 19% at June 30, 2011, to 18% at September 30, 2011. The investment portfolio had a modified duration of 2.6 years at September 30, 2011, compared to 2.9 years at June 30, 2011. The unrealized gain in the investment portfolio increased $12 million, from $30 million at June 30, 2011 to $42 million at September 30, 2011. Based on projected prepayment speeds and other assumptions, at September 30, 2011, the portfolio was expected to generate approximately $729 million in cash flows, or about 36% of the portfolio, over the next 15 months. The average yield on investment securities decreased two basis points on a linked quarter basis, to 2.72% in the third quarter of 2011. The Company holds in its investment portfolio primarily government agency and municipal securities. Municipal securities comprised only 10% of the total investment portfolio at September 30, 2011. The Company holds no sovereign debt or foreign derivative exposure and has an immaterial exposure to accelerated bond premium amortization.

Loans

In the third quarter of 2011, total loans increased $26 million, or less than 1%. The loan portfolio associated with the FDIC-assisted acquisitions declined $85 million, or 6%, compared to June 30, 2011. Excluding loans associated with the FDIC-assisted transactions, total loans increased $110 million, or 2%, over that period (8% annualized rate). On that basis, commercial and business banking loans climbed $113 million, or 3% (11% annualized rate), and consumer loans grew $22 million, or 2% (7% annualized rate), while mortgage loans declined $24 million, or 7%, over that period. Between the times at which the acquisitions were completed and September 30, 2011, loans acquired in FDIC-assisted acquisitions decreased by approximately $515 million, or 27%.

Of the $7.2 billion total loan portfolio at September 30, 2011, $1.4 billion (net of discounts), or 19% of total loans, were Covered Assets, which provide considerable protection against credit risk. Approximately $74 million of the impaired loans from Cameron and OMNI at the time of acquisitions were marked to an estimated fair value at the time of acquisition. The remaining $5.8 billion in loans, or 81% of total loans, were associated with the Company’s legacy franchise, or loans that were acquired but required no impairment at acquisition or have no FDIC loss share protection.

Period-End Loan Volumes ($ in Millions)

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Loans

	9/30/10			12/31/10			3/31/11			6/30/11			9/30/11
Commercial	$	2,947		$	3,123		$	3,255		$	4,197		$	4,310
Consumer		926			960			1,003			1,211			1,233
Mortgage		406			370			344			330			305
Non-FDIC Loans	$	4,279		$	4,453		$	4,602		$	5,738		$	5,848
Covered Assets	$	1,512		$	1,583		$	1,520		$	1,463		$	1,378
Total Loans	$	5,791		$	6,035		$	6,122		$	7,201		$	7,226
Non-FDIC Growth		1	%		4	%		3	%		25	%		2	%

On a linked quarter basis, the yield on average total loans (non-FDIC loans, and FDIC covered loans net of the FDIC indemnification asset) increased 37 basis points to 5.02%. The increase in this yield was primarily driven by the improvement in the yields on each the FDIC covered loans and the FDIC indemnification asset. The loan yield on FDIC covered loans net of the FDIC indemnification asset was 4.93%, an improvement of 85 basis points on a linked quarter basis.

Non-Covered and Net Covered Loan Portfolio Volumes And Yields ($ in Millions)

	3Q 2010					4Q 2010					1Q 2011					2Q 2011					3Q 2011
	Avg Bal		Yield			Avg Bal		Yield			Avg Bal		Yield			Avg Bal		Yield			Avg Bal		Yield
Non Covered Loans	$	4,260		5.01	%	$	4,333		4.94	%	$	4,506		4.89	%	$	5,022		4.90	%	$	5,798		5.04	%
FDIC Covered Loans	$	1,571		9.27	%	$	1,466		10.67	%	$	1,546		14.20	%	$	1,490		10.89	%	$	1,422		7.82	%
FDIC Indemnification Asset		866		-2.27	%		900		-3.75	%		709		-12.37	%		666		-10.88	%		627		-1.63	%
Net Covered Loans	$	2,437		5.13	%	$	2,366		5.14	%	$	2,254		5.74	%	$	2,156		4.08	%	$	2,048		4.93	%

The Company projects the prospective yield and average balance on the net covered loan portfolio in the fourth quarter of 2011 to approximate the level reported for the third quarter of 2011, based on current FDIC loss share accounting assumptions and estimates.

Commercial real estate loans totaled $3.3 billion at September 30, 2011, of which approximately $0.8 billion, or 23%, were Covered Assets. In addition, these Covered Assets were purchased at substantial discounts.

At September 30, 2011, approximately 17% of the Company’s direct consumer loan portfolio (net of discounts) was Covered Assets or impaired loans marked to fair value. The remaining legacy consumer portfolio maintained favorable asset quality. The average credit score of the legacy consumer loan portfolio borrower was 723, and consumer loans past due 30 days or more were 0.55% of total consumer loans at September 30, 2011 (compared to 0.42% at June 30, 2011). Legacy home equity loans totaled $487 million, with 0.21% past due 30 days or more (0.34% at June 30, 2011). Legacy home equity lines of credit totaled $310 million, with 0.25% past due 30 days or more (0.17% at June 30, 2011). Annualized net charge-offs in this portfolio were 0.38% of total consumer loans in the third quarter of 2011 (0.02% in the second quarter of 2011). The weighted average loan-to-value at origination for this portfolio over the last three years was 67%.

The indirect automobile loan portfolio totaled $260 million at September 30, 2011, up $13 million, or 5%, compared to this portfolio at June 30, 2011. At September 30, 2011, this portfolio equated to 3% of total loans and had 0.96% in loans past due 30 days or more (including nonaccruing loans), compared to 0.78% at June 30, 2011. Annualized net charge-offs in the indirect loan portfolio equated to approximately 0.17% of average loans in the third quarter of 2011, compared to 0.09% in the second quarter of 2011. Approximately 81% of the indirect automobile portfolio was loans to borrowers in the Acadiana region of Louisiana, which currently experiences a relatively

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favorable unemployment rate (5.6% in August 2011, the 25^th lowest unemployment rate of 372 MSAs in the United States).

Asset Quality

The Company’s credit quality statistics are significantly affected by the FDIC-assisted acquisitions. However, the loss share arrangements with the FDIC and acquisition discounts are expected to provide substantial protection against losses on those Covered Assets. Under 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 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.

The majority of assets acquired in the four FDIC-assisted transactions completed in 2009 and 2010 are Covered Assets. Total NPAs at September 30, 2011, were $953 million, up $21 million, or 2%, compared to June 30, 2011. Excluding $864 million in NPAs which were Covered Assets or acquired impaired loans marked to fair value, NPAs at September 30, 2011 were $90 million, up $13 million, or 16%, compared to June 30, 2011. On that basis, NPAs were 0.95% of total assets at September 30, 2011, compared to 0.84% of assets at June 30, 2011 and 0.81% one year ago. The dollar increase in legacy NPAs and past dues is not indicative of deterioration in the overall legacy loan portfolio. The primary reason for the increase in NPAs and past dues was three loan relationships, each of which the Company does not expect to incur any material loss upon resolution.

Summary Asset Quality Statistics

($ thousands)	IBERIABANK Corp.
	3Q10*			4Q10*			1Q11*			2Q11**			3Q11**
Nonaccruals	$	41,081		$	49,496		$	60,034		$	56,434		$	70,833
OREO & Foreclosed		16,968			18,496			17,056			18,461			17,809
90+ Days Past Due		6,817			1,455			454			2,191			1,149
Nonperforming Assets	$	64,865		$	69,447		$	77,544		$	77,085		$	89,791
NPAs/Assets		0.81	%		0.91	%		1.01	%		0.84	%		0.95	%
NPAs/(Loans + OREO)		1.51	%		1.55	%		1.68	%		1.36	%		1.55	%
LLR/Loans		1.43	%		1.40	%		1.45	%		1.28	%		1.36	%
Net Charge-Offs/Loans		0.57	%		0.96	%		-0.06	%		0.13	%		0.12	%

* Excludes the impact of all FDIC-assisted acquisitions

** Excludes the impact of all FDIC-assisted acquisitions and acquired impaired loans from OMNI and Cameron

Excluding the FDIC-assisted transactions and impaired loans acquired at fair value, loans past due 30 days or more (including nonaccruing loans) increased $18 million, or 22%, and represented 1.68% of total loans at September 30, 2011, compared to 1.40% of total loans at June 30, 2011. On that basis, loans past due 30-89 days at September 30, 2011 totaled $26 million, or 0.44% of total loans (compared to 0.37% of total loans at June 30, 2011), and troubled debt restructurings at September 30, 2011, totaled $29 million, or 0.50% of total loans (compared to 0.40% of loans at June 30, 2011). All but $1 million in troubled debt restructurings were included in the NPAs at September 30, 2011. The Company reported classified assets excluding Covered Assets totaling $197 million at September 30, 2011, or 1.70% of total assets.

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

	9/30/10			12/31/10			3/31/11			6/30/11			9/30/11
Consolidated (Ex-FDIC Covered Assets and SOP 03-3)
30+ days past due		0.52	%		0.33	%		0.35	%		0.41	%		0.46	%
Non-accrual		0.96	%		1.11	%		1.30	%		0.99	%		1.22	%
Total Past Due		1.48	%		1.44	%		1.65	%		1.40	%		1.68	%
Consolidated (With FDIC Covered Assets)
30+ days past due		1.98	%		2.44	%		2.04	%		1.41	%		1.28	%
Non-accrual		12.95	%		12.10	%		11.89	%		10.17	%		10.36	%
Total Past Due		14.93	%		14.54	%		13.93	%		11.58	%		11.64	%

The Company reported net charge-offs of $1.9 million in the third quarter of 2011, compared to $1.7 million on a linked quarter basis. The ratio of net charge-offs to average loans was 0.10% in the third quarter of 2011 (0.12% excluding Covered Assets and impaired loans acquired at fair value), unchanged compared to the second quarter of 2011. The Company recorded a $6 million loan loss provision in the third quarter of 2011, down $4 million, or 39%, on a linked quarter basis. Approximately $1 million in the provision was related to organic loan growth.

At September 30, 2011, the allowance for loan losses was 2.43% of total loans, compared to 2.36% at June 30, 2011. In accordance with generally accepted accounting principles, the Covered Assets and OMNI and Cameron acquired loans were preliminarily marked to market at acquisition, including estimated loan impairments. Excluding FDIC covered loans and impaired loans that were marked to fair value, the Company’s ratio of loan loss reserves to loans increased from 1.28% at June 30, 2011, to 1.33% at September 30, 2011. Excluding the Covered Assets and all other acquired loans, the Company’s ratio of loan loss reserve to loans increased from 1.47% at June 30, 2011 to 1.51% at September 30, 2011. Management considers the loan loss reserve adequate to absorb credit losses inherent in the loan portfolio at September 30, 2011.

Deposits

During the third quarter of 2011, total deposits increased $117 million, or 1%. Noninterest bearing deposits climbed $92 million, or 7% (28% annualized rate); NOW accounts increased $49 million, or 3%; savings and money market deposits expanded $76 million, or 2%; and time deposits decreased $101 million, or 4%.

Period-End Deposit Volumes ($ in Millions)

	9/30/10			12/31/10			3/31/11			6/30/11			9/30/11
Noninterest	$	857		$	879		$	941		$	1,323		$	1,415
NOW Accounts		1,254			1,282			1,395			1,639			1,688
Savings/MMkt		3,013			2,910			2,919			3,284			3,360
Time Deposits		3,139			2,844			2,604			2,828			2,727
Total Deposits	$	8,264		$	7,915		$	7,859		$	9,074		$	9,190
Growth		2	%		-4	%		-1	%		15	%		1	%

Average noninterest bearing deposits increased $278 million, or 25%, and interest-bearing deposits increased $645 million, or 9%, on a linked quarter basis. The growth in average balances was influenced by the acquisitions of OMNI and Cameron which were completed during the second quarter of 2011. The rate on average interest bearing deposits in the third quarter of 2011 was 0.90%, a decrease of 12 basis points on a linked quarter basis.

Other Interest Bearing Liabilities

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On a linked quarter basis, average long-term debt increased $42 million, or 10%, and the cost of the debt decreased eight basis points to 2.63% (due to the acquisitions). The Company had no short-term borrowings at September 30, 2011. The cost of average interest bearing liabilities was 0.98% in the third quarter of 2011, a decrease of 11 basis points on a linked quarter basis. For the month of September 2011, the average cost of interest bearing liabilities was 0.93%.

Capital Position

The Company maintains strong capital ratios. The equity-to-assets ratio was 12.77% at September 30, 2011, compared to 13.16% at June 30, 2011, and 12.38% one year ago. At September 30, 2011, the Company reported a tangible common equity ratio of 9.77%, a decrease of 38 basis points compared to 10.15% at June 30, 2011. The Company’s Tier 1 leverage ratio was 10.55%, down 146 basis points compared to 12.01% at June 30, 2011. The Company’s total risk-based capital ratio at September 30, 2011 was 16.75%, down 57 basis points compared to 17.32% at June 30, 2011. The decline in the capital ratios was primarily due to the share repurchase program that was completed during the third quarter of 2011.

Regulatory Capital Ratios

At September 30, 2011

Capital Ratio	Well Capitalized			IBERIABANK			IBERIABANK Corporation
Tier 1 Leverage		5.00	%		9.00	%		10.55	%
Tier 1 Risk Based		6.00	%		13.22	%		15.49	%
Total Risk Based		10.00	%		14.48	%		16.75	%

At September 30, 2011, book value per share was $50.19, up $0.31, or 1%, compared to June 30, 2011. Tangible book value per share decreased $0.05, or less than 1%, over that period, to $37.12 at September 30, 2011.

On September 13, 2011, 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 2.65%, based on the closing stock price of the Company’s common stock of $51.30 per share on October 26, 2011. This price equated to 1.02 times September 30, 2011 book value per share of $50.19 and 1.38 times September 30, 2011 tangible book value per share of $37.12.

Interest Rate Risk Position

The Company’s interest rate risk modeling at September 30, 2011, indicated the Company is fairly balanced over a 12-month time frame. A 100 basis point instantaneous and parallel upward shift in interest rates at September 30, 2011, was estimated to increase net interest income over 12 months by approximately 2.0%. Similarly, a 100 basis point decrease in interest rates was expected to increase net interest income by approximately 0.3%. At September 30, 2011, approximately 51% of the Company’s total loan portfolio had fixed interest rates. Eliminating fixed rate loans that mature within a one-year time frame reduces this percentage to 48%. Approximately 77% of the Company’s time deposit base will re-price within 12 months from September 30, 2011.

Operating Results

On a linked quarter basis, the average earning asset yield increased 25 basis points, while the cost of interest bearing deposits and liabilities decreased 12 and 11 basis points, respectively. As a result, the tax-equivalent net interest spread and margin improved 35 and 34 basis points, respectively. The improvement in the yield on average earning assets was driven by the increase in yields on non-covered loans and FDIC covered loans net of the FDIC indemnification asset (the yield on average investment securities decreased two basis points on a linked quarter

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basis). Average non-covered total loan yield increased 14 basis points, and the yield on net FDIC covered loans increased by 85 basis points, resulting in an improvement in the total loan yield, net of the FDIC indemnification asset, of 37 basis points. On a linked quarter basis, tax-equivalent net interest income grew $17 million, or 21%, as average earning assets climbed $880 million, or 9%, and the margin improved 34 basis points. On a linked quarter basis, the Company’s balance sheet expanded as a result of the Cameron and OMNI acquisitions and organic loan growth, partially offset by compression of the Covered Assets.

Quarterly Average Yields/Cost (Taxable Equivalent Basis)

	3Q10			4Q10			1Q11			2Q11			3Q11
Earning Asset Yield		4.13	%		4.16	%		4.47	%		4.17	%		4.42	%
Cost Of Int-Bearing Liabs		1.44	%		1.27	%		1.10	%		1.09	%		0.98	%
Net Interest Spread		2.70	%		2.89	%		3.37	%		3.09	%		3.44	%
Net Interest Margin		2.91	%		3.10	%		3.55	%		3.28	%		3.62	%

Aggregate noninterest income increased $6 million, or 20%, on a linked quarter basis. Mortgage revenues increased $4 million, or 43%, service charges on deposit accounts increased $1 million, or 17%, title revenue increased $408,000 (an increase of 9%), FDIC reimbursements on Covered Assets increased $452,000, and trust income rose 74% on a linked quarter basis.

The Company originated $504 million in mortgage loans during the third quarter of 2011, up $151 million, or 43%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 37% of mortgage loan applications in the third quarter of 2011, compared to 19% in the second quarter of 2011, and approximately 50% between September 30, 2011, and October 21, 2011. The Company sold $447 million in mortgage loans during the third quarter of 2011, up $112 million, or 34%, compared to the second quarter of 2011. Sales margins remained fairly stable on a linked quarter basis. Gains on the sale of mortgage loans increased $4 million, or 43%, on a linked quarter basis. The mortgage origination pipeline was approximately $229 million at September 30, 2011, compared to $154 million at June 30, 2011, and approximately $225 million at October 21, 2011. Mortgage loan repurchases and make-whole payments were less than $0.3 million in each of the three quarters of 2011.

Noninterest expense increased $7 million, or 7%, on a linked quarter basis, excluding acquisition and conversion-related costs that totaled approximately $6 million in each the second and third quarters of 2011. Excluding acquisition and conversion-related costs, compensation and benefit costs increased $6 million on a linked quarter basis (an increase of 13%) and occupancy and equipment expense increased $1 million, or 13%. Influencing those linked quarter comparisons was the impact of increased operating expenses associated with the Cameron and OMNI franchises, which were acquired in May 2011 and the related conversions completed in June and July of 2011. In the second quarter of 2011, the Company incurred costs totaling approximately $3 million in association with a potential settlement on a class action lawsuit and a trust preferred securities prepayment premium; no similar costs were incurred in the third quarter of 2011.

The tangible efficiency ratio of IBERIABANK, excluding acquisition and conversion costs, was approximately 67% in the third quarter of 2011, compared to 75% in the second quarter of 2011.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 262 combined offices, including 171 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 24 title insurance offices in Arkansas and Louisiana, mortgage representatives in 60 locations in 12 states, six locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, LLC office in New Orleans. The Company opened one new bank branch office since June 30, 2011, in Hoover, Alabama, and a new mortgage office in Slidell, Louisiana.

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The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.5 billion, based on the NASDAQ closing stock price on October 26, 2011.

The following 13 investment firms currently provide equity research coverage on IBERIABANK Corporation:

• B. Riley & Company

• FIG Partners, LLC

• Guggenheim Partners

• Keefe, Bruyette & Woods

• Morgan Keegan & Company, Inc.

• Oppenheimer & Co., 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 Thursday, October 27, 2011, beginning at 9:00 a.m. Central Time by dialing 1-877-777-1967. The confirmation code for the call is 218719. A replay of the call will be available until midnight Central Time on November 3, 2011 by dialing 1-800-475-6701. The confirmation code for the replay is 218719. 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

8

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 (the “SEC”), available at the SEC’s website, http://www.sec.gov, and the Company’s website, http://www.iberiabank.com, under the heading “Investor Information.” 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.

9

IBERIABANK CORPORATION

FINANCIAL HIGHLIGHTS

	For The Quarter Ended									For The Quarter Ended
	September 30,									June 30,
	2011			2010			% Change			2011			% Change
Income Data (in thousands):
Net Interest Income	$	92,435		$	69,933			32	%	$	75,965			22	%
Net Interest Income (TE) (1)		94,778			71,702			32	%		78,008			21	%
Net Income		17,299			13,940			24	%		5,186			234	%
Earnings Available to Common Shareholders - Basic		17,299			13,940			24	%		5,186			234	%
Earnings Available to Common Shareholders - Diluted		16,992			13,652			24	%		5,099			233	%
Per Share Data:
Earnings Available to Common Shareholders - Basic	$	0.58		$	0.52			11	%	$	0.19			212	%
Earnings Available to Common Shareholders - Diluted		0.58			0.52			12	%		0.18			213	%
Book Value Per Common Share		50.19			48.63			3	%		49.88			1	%
Tangible Book Value Per Common Share (2)		37.12			38.76			(4	%)		37.17			(0	%)
Cash Dividends		0.34			0.34			—			0.34			—
Closing Stock Price		47.06			49.98			(6	%)		57.64			(18	%)
Key Ratios: (3)
Operating Ratios:
Return on Average Assets		0.59	%		0.52	%					0.20	%
Return on Average Common Equity		4.56	%		4.21	%					1.50	%
Return on Average Tangible Common Equity (2)		6.44	%		5.60	%					2.20	%
Net Interest Margin (TE) (1)		3.62	%		2.91	%					3.28	%
Efficiency Ratio		76.8	%		75.3	%					86.7	%
Tangible Efficiency Ratio (TE) (1) (2)		74.2	%		72.6	%					83.6	%
Full-time Equivalent Employees		2,541			2,097						2,560
Capital Ratios:
Tangible Common Equity Ratio		9.77	%		10.12	%					10.15	%
Tangible Common Equity to Risk-Weighted Assets		14.36	%		17.36	%					14.96	%
Tier 1 Leverage Ratio		10.55	%		10.85	%					12.01	%
Tier 1 Capital Ratio		15.49	%		18.77	%					16.06	%
Total Risk Based Capital Ratio		16.75	%		20.03	%					17.32	%
Common Stock Dividend Payout Ratio		57.7	%		65.5	%					198.1	%
Asset Quality Ratios:
Excluding FDIC Covered Assets and SOP 03-3 acquired loans
Nonperforming Assets to Total Assets (4)		0.95	%		0.81	%					0.84	%
Allowance for Loan Losses to Loans		1.33	%		1.43	%					1.28	%
Net Charge-offs to Average Loans		0.12	%		0.57	%					0.13	%
Nonperforming Assets to Total Loans and OREO (4)		1.55	%		1.51	%					1.36	%
	For The Quarter Ended						For The Quarter Ended
	September 30,						June 30,			March 31,			December 31,
	2011			2011			2011			2011			2010
Balance Sheet Summary (in thousands):	End of Period			Average			Average			Average			Average
Excess Liquidity (5)	$	263,924		$	217,447		$	104,819		$	217,017		$	616,267
Total Investment Securities		2,057,359			2,152,993			2,061,814			2,030,287			2,014,934
Loans, Net of Unearned Income		7,226,324			7,219,398			6,511,894			6,051,841			5,799,144
Loans, Net of Unearned Income, Excluding Covered Loans and SOP 03-3		5,785,769			5,734,824			4,997,159			4,506,308			4,333,046
Total Assets		11,528,862			11,548,123			10,439,384			10,005,614			10,369,615
Total Deposits		9,190,029			9,169,770			8,246,544			7,893,757			8,134,590
Total Shareholders’ Equity		1,472,241			1,505,366			1,387,239			1,313,138			1,314,184

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

⁽⁴⁾  Nonperforming assets consist of nonaccruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.

⁽⁵⁾  Excess Liquidity includes interest-bearing deposits in banks and fed funds sold.

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

BALANCE SHEET (End of Period)	September 30,									June 30,
	2011			2010			% Change			2011			% Change
ASSETS
Cash and Due From Banks	$	206,464		$	99,670			107.1	%	$	193,360			6.8	%
Interest-bearing Deposits in Banks		263,924			804,012			(67.2	%)		68,444			285.6	%
Total Cash and Equivalents		470,388			903,682			(47.9	%)		261,804			79.7	%
Investment Securities Available for Sale		1,776,826			1,587,088			12.0	%		1,937,169			(8.3	%)
Investment Securities Held to Maturity		280,533			320,707			(12.5	%)		278,192			0.8	%
Total Investment Securities		2,057,359			1,907,795			7.8	%		2,215,361			(7.1	%)
Mortgage Loans Held for Sale		131,726			171,545			(23.2	%)		75,615			74.2	%
Loans, Net of Unearned Income		7,226,324			5,791,378			24.8	%		7,200,646			0.4	%
Allowance for Loan Losses		(175,320	)		(131,954	)		32.9	%		(169,988	)		3.1	%
Loans, net		7,051,004			5,659,424			24.6	%		7,030,658			0.3	%
Loss Share Receivable		601,862			906,014			(33.6	%)		670,465			(10.2	%)
Premises and Equipment		280,709			201,626			39.2	%		275,502			1.9	%
Goodwill and Other Intangibles		383,612			265,477			44.5	%		383,969			(0.1	%)
Other Assets		552,202			540,738			2.1	%		539,046			2.4	%
Total Assets	$	11,528,862		$	10,556,301			9.2	%	$	11,452,420			0.7	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	1,414,520		$	856,882			65.1	%	$	1,322,546			7.0	%
NOW Accounts		1,688,310			1,254,514			34.6	%		1,638,839			3.0	%
Savings and Money Market Accounts		3,359,711			3,013,378			11.5	%		3,283,793			2.3	%
Certificates of Deposit		2,727,488			3,139,381			(13.1	%)		2,828,344			(3.6	%)
Total Deposits		9,190,029			8,264,155			11.2	%		9,073,522			1.3	%
Short-term Borrowings		—			30,190			(100.0	%)		10,000			(100.0	%)
Securities Sold Under Agreements to Repurchase		214,824			259,058			(17.1	%)		205,778			4.4	%
Trust Preferred Securities		111,862			111,337			0.5	%		111,862			0.0	%
Other Long-term Debt		350,120			329,578			6.2	%		351,154			(0.3	%)
Other Liabilities		189,786			255,131			(25.6	%)		193,116			(1.7	%)
Total Liabilities		10,056,621			9,249,449			8.7	%		9,945,432			1.1	%
Total Shareholders’ Equity		1,472,241			1,306,852			12.7	%		1,506,988			(2.3	%)
Total Liabilities and Shareholders’ Equity	$	11,528,862		$	10,556,301			9.2	%	$	11,452,420			0.7	%
BALANCE SHEET (Average)	September 30,			June 30,			March 31,			December 31,			September 30,
	2011			2011			2011			2010			2010
ASSETS
Cash and Due From Banks	$	199,610		$	157,412		$	145,062		$	100,550		$	95,687
Interest-bearing Deposits in Banks		217,423			104,800			211,773			608,927			959,540
Investment Securities		2,152,993			2,061,814			2,030,287			2,014,934			1,919,056
Mortgage Loans Held for Sale		87,769			56,783			47,883			127,723			131,944
Loans, Net of Unearned Income		7,219,398			6,511,894			6,051,841			5,799,144			5,830,711
Allowance for Loan Losses		(172,030	)		(147,889	)		(135,525	)		(129,082	)		(92,941	)
Loss Share Receivable		626,551			666,159			708,809			899,558			865,810
Other Assets		1,216,409			1,028,411			945,484			947,861			931,381
Total Assets	$	11,548,123		$	10,439,384		$	10,005,614		$	10,369,615		$	10,641,188
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	1,368,014		$	1,090,281		$	901,529		$	881,634		$	840,765
NOW Accounts		1,682,568			1,472,547			1,338,437			1,269,316			1,281,554
Savings and Money Market Accounts		3,350,035			3,053,046			2,922,483			2,995,002			2,953,907
Certificates of Deposit		2,769,153			2,630,670			2,731,308			2,988,638			3,204,675
Total Deposits		9,169,770			8,246,544			7,893,757			8,134,590			8,280,901
Short-term Borrowings		—			21,919			—			3,234			17,402
Securities Sold Under Agreements to Repurchase		218,290			200,565			216,494			233,116			214,411
Trust Preferred Securities		111,862			106,944			109,119			111,292			136,107
Long-term Debt		352,610			315,570			307,964			324,528			431,059
Other Liabilities		190,225			160,603			165,142			248,671			248,739
Total Liabilities		10,042,757			9,052,145			8,692,476			9,055,431			9,328,619
Total Shareholders’ Equity		1,505,366			1,387,239			1,313,138			1,314,184			1,312,569
Total Liabilities and Shareholders’ Equity	$	11,548,123		$	10,439,384		$	10,005,614		$	10,369,615		$	10,641,188

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Three Months Ended
INCOME STATEMENT	September 30,									June 30,
	2011			2010			% Change			2011			% Change
Interest Income	$	113,430		$	99,818			13.6	%	$	97,127			16.8	%
Interest Expense		20,995			29,885			(29.7	%)		21,162			(0.8	%)
Net Interest Income		92,435			69,933			32.2	%		75,965			21.7	%
Provision for Loan Losses		6,127			5,128			19.5	%		9,990			(38.7	%)
Net Interest Income After Provision for Loan Losses		86,308			64,805			33.2	%		65,975			30.8	%
Service Charges		7,448			6,085			22.4	%		6,343			17.4	%
ATM / Debit Card Fee Income		3,132			2,562			22.2	%		2,966			5.6	%
BOLI Proceeds and Cash Surrender Value Income		924			726			27.2	%		748			23.6	%
Gain on Acquisition		—			—			0.0	%		—			0.0	%
Gain on Sale of Loans, net		13,438			13,518			(0.6	%)		9,389			43.1	%
Gain (Loss) on Sale of Investments, net		1,206			4,176			(71.1	%)		1,428			(15.6	%)
Title Revenue		4,900			4,852			1.0	%		4,492			9.1	%
Broker Commissions		2,501			2,320			7.8	%		2,624			(4.7	%)
Other Noninterest Income		3,571			2,542			40.5	%		2,998			19.1	%
Total Noninterest Income		37,120			36,781			0.9	%		30,988			19.8	%
Salaries and Employee Benefits		52,679			40,932			28.7	%		46,048			14.4	%
Occupancy and Equipment		14,017			8,779			59.7	%		12,067			16.2	%
Amortization of Acquisition Intangibles		1,385			1,316			5.2	%		1,183			17.2	%
Other Noninterest Expense		31,485			29,343			7.3	%		33,409			(5.8	%)
Total Noninterest Expense		99,566			80,371			23.9	%		92,706			7.4	%
Income Before Income Taxes		23,862			21,215			12.5	%		4,257			460.6	%
Income Taxes		6,563			7,275			(9.8	%)		(929	)		806.2	%
Net Income	$	17,299		$	13,940			24.1	%	$	5,186			233.6	%
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		17,299			13,940			24.1	%		5,186			233.6	%
Earnings Allocated to Unvested Restricted Stock		(307	)		(288	)		6.6	%		(87	)		252.6	%
Earnings Available to Common Shareholders - Diluted		16,992			13,652			24.5	%		5,099			233.2	%
Earnings Per Share, diluted	$	0.58		$	0.52			11.7	%	$	0.18			212.9	%
Impact of Merger-related Expenses	$	0.12		$	0.04			249.8	%	$	0.15			(18.3	%)
Earnings Per Share, diluted, Excluding Merger-related Expenses	$	0.70		$	0.56			261.6	%	$	0.33			114.8	%
NUMBER OF SHARES OUTSTANDING
Basic Shares (Average)		29,908,906			26,840,723			11.4	%		28,015,846			6.8	%
Diluted Shares (Average)		29,472,519			26,460,084			11.4	%		27,677,313			6.5	%
Book Value Shares (Period End) (1)		29,332,856			26,872,742			9.2	%		30,214,550			(2.9	%)
	2011									2010
INCOME STATEMENT	Third			Second			First			Fourth			Third
	Quarter			Quarter			Quarter			Quarter			Quarter
Interest Income	$	113,430		$	97,127		$	99,434		$	97,716		$	99,818
Interest Expense		20,995			21,162			20,686			25,367			29,885
Net Interest Income		92,435			75,965			78,748			72,349			69,933
Provision for Loan Losses		6,127			9,990			5,471			11,224			5,128
Net Interest Income After Provision for Loan Losses		86,308			65,975			73,277			61,125			64,805
Total Noninterest Income		37,120			30,988			28,295			38,052			36,781
Total Noninterest Expense		99,566			92,706			81,732			81,102			80,371
Income Before Income Taxes		23,862			4,257			19,840			18,075			21,215
Income Taxes		6,563			(929	)		5,193			5,033			7,275
Net Income	$	17,299		$	5,186		$	14,647		$	13,042		$	13,940
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		17,299			5,186			14,647			13,042			13,940
Earnings Allocated to Unvested Restricted Stock		(307	)		(87	)		(291	)		(261	)		(288	)
Earnings Available to Common Shareholders - Diluted	$	16,992		$	5,099		$	14,356		$	12,781		$	13,652
Earnings Per Share, basic	$	0.58		$	0.19		$	0.54		$	0.49		$	0.52
Earnings Per Share, diluted	$	0.58		$	0.18		$	0.54		$	0.48		$	0.52
Book Value Per Common Share	$	50.19		$	49.88		$	48.68		$	48.50		$	48.63
Tangible Book Value Per Common Share	$	37.12		$	37.17		$	38.95		$	38.68		$	38.76
Return on Average Assets		0.59	%		0.20	%		0.59	%		0.50	%		0.52	%
Return on Average Common Equity		4.56	%		1.50	%		4.52	%		3.94	%		4.21	%
Return on Average Tangible Common Equity		6.44	%		2.20	%		5.95	%		5.26	%		5.60	%

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

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Nine Months Ended
INCOME STATEMENT	September 30,
	2011			2010			% Change
Interest Income	$	309,991		$	298,655			3.8	%
Interest Expense		62,842			89,377			(29.7	%)
Net Interest Income		247,149			209,278			18.1	%
Provision for Loan Losses		21,589			31,227			(30.9	%)
Net Interest Income After Provision for Loan Losses		225,560			178,051			26.7	%
Service Charges		19,303			18,361			5.1	%
ATM / Debit Card Fee Income		9,011			7,444			21.0	%
BOLI Proceeds and Cash Surrender Value Income		2,397			2,153			11.4	%
Gain on Acquisition		—			3,781			(100.0	%)
Gain on Sale of Loans, net		31,719			31,517			0.6	%
Gain (Loss) on Sale of Investments, net		2,682			5,158			(48.0	%)
Title Revenue		13,202			13,368			(1.2	%)
Broker Commissions		7,767			5,204			49.3	%
Other Noninterest Income		10,322			8,851			16.6	%
Total Noninterest Income		96,403			95,837			0.6	%
Salaries and Employee Benefits		142,356			116,323			22.4	%
Occupancy and Equipment		35,196			24,493			43.7	%
Amortization of Acquisition Intangibles		3,737			3,595			3.9	%
Other Noninterest Expense		92,715			78,736			17.8	%
Total Noninterest Expense		274,004			223,147			22.8	%
Income Before Income Taxes		47,959			50,741			(5.5	%)
Income Taxes		10,827			14,958			(27.6	%)
Net Income	$	37,132		$	35,783			3.8	%
Preferred Stock Dividends		—			—			—
Earnings Available to Common Shareholders - Basic		37,132			35,783			3.8	%
Earnings Allocated to Unvested Restricted Stock		(682	)		(716	)		(4.8	%)
Earnings Available to Common Shareholders - Diluted		36,450			35,067			3.9	%
Earnings Per Share, diluted	$	1.31		$	1.40			(6.8	%)
Impact of Merger-related Expenses	$	0.31		$	0.19			65.3	%
Earnings Per Share, diluted, Excluding Merger-related Expenses	$	1.62		$	1.59			58.5	%

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

LOANS RECEIVABLE	September 30,									June 30,
	2011			2010			% Change			2011			% Change
Residential Mortgage Loans:
Residential 1-4 Family	$	511,524		$	647,657			(21.0	%)	$	546,339			(6.4	%)
Construction/ Owner Occupied		17,256			14,564			18.5	%		17,694			(2.5	%)
Total Residential Mortgage Loans		528,780			662,221			(20.2	%)		564,033			(6.3	%)
Commercial Loans:
Real Estate		3,335,650			2,483,420			34.3	%		3,398,830			(1.9	%)
Business		1,884,056			1,415,088			33.1	%		1,762,719			6.9	%
Total Commercial Loans		5,219,706			3,898,508			33.9	%		5,161,549			1.1	%
Consumer Loans:
Indirect Automobile		260,002			266,859			(2.6	%)		247,103			5.2	%
Home Equity		1,022,134			821,608			24.4	%		1,006,113			1.6	%
Automobile		36,753			30,511			20.5	%		34,331			7.1	%
Credit Card Loans		45,700			42,370			7.9	%		45,461			0.5	%
Other		113,249			69,301			63.4	%		142,056			(20.3	%)
Total Consumer Loans		1,477,838			1,230,649			20.1	%		1,475,064			0.2	%
Total Loans Receivable		7,226,324			5,791,378			24.8	%		7,200,646			0.4	%
Allowance for Loan Losses		(175,320	)		(131,954	)					(169,988	)
Loans Receivable, Net	$	7,051,004		$	5,659,424					$	7,030,658
ASSET QUALITY DATA (1)	September 30,									June 30,
	2011			2010			% Change			2011			% Change
Nonaccrual Loans	$	805,247		$	871,353			(7.6	%)	$	790,953			1.8	%
Foreclosed Assets		32			173			(81.6	%)		18			81.6	%
Other Real Estate Owned		123,275			57,322			115.1	%		117,724			4.7	%
Accruing Loans More Than 90 Days Past Due		24,741			43,593			(43.2	%)		23,070			7.2	%
Total Nonperforming Assets	$	953,295		$	972,441			(2.0	%)	$	931,765			2.3	%
Loans 30-89 Days Past Due		74,604			89,786			(16.9	%)		86,880			(14.1	%)
Nonperforming Assets to Total Assets		8.27	%		9.21	%		(10.2	%)		8.14	%		1.6	%
Nonperforming Assets to Total Loans and OREO		12.97	%		16.63	%		(22.0	%)		12.73	%		1.9	%
Allowance for Loan Losses to Nonperforming Loans (4)		21.1	%		14.4	%		46.5	%		20.9	%		1.2	%
Allowance for Loan Losses to Nonperforming Assets		18.4	%		13.6	%		35.5	%		18.2	%		0.8	%
Allowance for Loan Losses to Total Loans		2.43	%		2.28	%		6.5	%		2.36	%		2.8	%
Year to Date Charge-offs	$	10,186		$	22,638			(55.0	%)	$	5,962			N/M
Year to Date Recoveries		(7,352	)		(6,103	)		20.5	%		(5,008	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	2,834		$	16,535			(82.9	%)	$	954			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	1,880		$	5,330			(64.7	%)	$	1,718			9.4	%

⁽¹⁾  For purposes of this table, nonperforming assets include all loans meeting nonperforming asset criteria, including assets acquired in FDIC-assisted transactions.

⁽²⁾  Troubled debt restructurings meeting past due and nonaccruing criteria are included in loans past due and nonaccrual loans above.

⁽³⁾  Current troubled debt restructurings are defined as troubled debt restructurings not past due or on nonaccrual status for the respective periods.

⁽⁴⁾  Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due.

N/M - Comparison of the information presented is not meaningful given the periods presented

IBERIABANK CORPORATION (EXCLUDING COVERED ASSETS AND SOP 03-3)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

LOANS RECEIVABLE (Ex-Covered Assets and SOP 03-3) (1)	September 30,									June 30,
	2011			2010			% Change			2011			% Change
Residential Mortgage Loans:
Residential 1-4 Family	$	288,009		$	392,130			(26.6	%)	$	312,022			(7.7	%)
Construction/ Owner Occupied		17,256			14,564			18.5	%		17,694			(2.5	%)
Total Residential Mortgage Loans		305,265			406,694			(24.9	%)		329,716			(7.4	%)
Commercial Loans:
Real Estate		2,574,754			1,712,216			50.4	%		2,577,101			(0.1	%)
Business		1,680,612			1,234,636			36.1	%		1,554,493			8.1	%
Total Commercial Loans		4,255,366			2,946,852			44.4	%		4,131,594			3.0	%
Consumer Loans:
Indirect Automobile		259,789			266,859			(2.6	%)		247,103			5.1	%
Home Equity		779,925			516,544			51.0	%		742,560			5.0	%
Automobile		36,750			30,511			20.4	%		34,330			7.0	%
Credit Card Loans		44,710			41,242			8.4	%		44,438			0.6	%
Other		103,964			70,685			47.1	%		133,770			(22.3	%)
Total Consumer Loans		1,225,138			925,841			32.3	%		1,202,201			1.9	%
Total Loans Receivable		5,785,769			4,279,386			35.2	%		5,663,511			2.2	%
Allowance for Loan Losses		(76,864	)		(61,377	)					(72,273	)
Loans Receivable, Net	$	5,708,905		$	4,218,009					$	5,591,238
ASSET QUALITY DATA (Ex-Covered Assets) (1)	September 30,									June 30,
	2011			2010			% Change			2011			% Change
Nonaccrual Loans	$	70,833		$	41,081			72.4	%	$	56,434			25.5	%
Foreclosed Assets		32			20			63.2	%		17			86.9	%
Other Real Estate Owned		17,777			16,948			4.9	%		18,443			(3.6	%)
Accruing Loans More Than 90 Days Past Due		1,149			6,817			(83.1	%)		2,191			(47.5	%)
Total Nonperforming Assets	$	89,791		$	64,866			38.4	%	$	77,085			16.5	%
Loans 30-89 Days Past Due		25,677			15,578			64.8	%		21,234			20.9	%
Troubled Debt Restructurings (2)		29,105			17,632			65.1	%		22,519			29.2	%
Current Troubled Debt Restructurings (3)		1,415			13,650			(89.6	%)		94			1402.6	%
Nonperforming Assets to Total Assets		0.95	%		0.81	%		18.1	%		0.84	%		14.1	%
Nonperforming Assets to Total Loans and OREO		1.55	%		1.51	%		3.0	%		1.36	%		14.3	%
Allowance for Loan Losses to Nonperforming Loans (4)		106.8	%		128.1	%		(16.7	%)		123.3	%		(13.4	%)
Allowance for Loan Losses to Nonperforming Assets		85.6	%		94.6	%		(9.5	%)		93.8	%		(8.7	%)
Allowance for Loan Losses to Total Loans		1.33	%		1.43	%		(7.4	%)		1.28	%		3.8	%
Year to Date Charge-offs	$	9,516		$	22,316			(57.4	%)	$	5,466			N/M
Year to Date Recoveries		(6,562	)		(6,071	)		8.1	%		(4,493	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	2,954		$	16,245			(81.8	%)	$	973			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	1,711		$	6,123			(72.1	%)	$	1,628			5.1	%

⁽¹⁾  For purposes of this table, loan balances and nonperforming assets exclude assets acquired in FDIC-assisted transactions and acquired impaired loans from OMNI and Cameron.

⁽²⁾  Troubled debt restructurings meeting past due and nonaccruing criteria are included in loans past due and nonaccrual loans above.

⁽³⁾  Current troubled debt restructurings are defined as troubled debt restructurings not past due for the respective periods.

⁽⁴⁾  Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due.

N/M - Comparison of the information presented is not meaningful given the periods presented

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	September 30, 2011						June 30, 2011						September 30, 2010
	Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	547,458			6.87	%	$	580,273			6.15	%	$	710,112			7.42	%
Commercial Loans (TE) (1)		5,201,711			5.23	%		4,559,315			6.49	%		3,918,158			5.88	%
Consumer and Other Loans		1,470,229			6.38	%		1,372,306			5.44	%		1,202,442			6.21	%
Total Loans		7,219,398			5.59	%		6,511,894			6.24	%		5,830,712			6.14	%
Loss Share Receivable		626,551			-1.63	%		666,159			-10.88	%		865,810			-2.27	%
Total Loans and Loss Share Receivable		7,845,949			5.02	%		7,178,053			4.65	%		6,696,522			5.05	%
Mortgage Loans Held for Sale		87,769			4.19	%		56,783			4.53	%		131,944			4.26	%
Investment Securities (TE) (1)(2)		2,110,070			2.72	%		2,041,303			2.74	%		1,843,511			2.90	%
Other Earning Assets		278,771			0.78	%		166,528			1.00	%		1,032,387			0.36	%
Total Earning Assets		10,322,559			4.42	%		9,442,667			4.17	%		9,704,364			4.13	%
Allowance for Loan Losses		(172,030	)					(147,889	)					(92,941	)
Nonearning Assets		1,397,594						1,144,606						1,029,765
Total Assets	$	11,548,123					$	10,439,384					$	10,641,188
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts	$	1,682,568			0.45	%	$	1,472,547			0.54	%	$	1,281,554			0.67	%
Savings and Money Market Accounts		3,350,035			0.69	%		3,053,046			0.76	%		2,953,907			1.18	%
Certificates of Deposit		2,769,153			1.43	%		2,630,670			1.58	%		3,204,675			1.71	%
Total Interest-bearing Deposits		7,801,756			0.90	%		7,156,263			1.02	%		7,440,136			1.32	%
Short-term Borrowings		218,290			0.28	%		222,484			0.25	%		231,813			0.39	%
Long-term Debt		464,472			2.63	%		422,514			2.71	%		567,166			3.35	%
Total Interest-bearing Liabilities		8,484,518			0.98	%		7,801,261			1.09	%		8,239,115			1.44	%
Noninterest-bearing Demand Deposits		1,368,014						1,090,281						840,765
Noninterest-bearing Liabilities		190,225						160,603						248,727
Total Liabilities		10,042,757						9,052,145						9,328,607
Shareholders’ Equity		1,505,366						1,387,239						1,312,581
Total Liabilities and Shareholders’ Equity	$	11,548,123					$	10,439,384					$	10,641,188
Net Interest Spread	$	92,435			3.44	%	$	75,965			3.09	%	$	69,933			2.70	%
Tax-equivalent Benefit		2,343			0.09	%		2,043			0.08	%		1,769			0.07	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	94,778			3.62	%	$	78,008			3.28	%	$	71,702			2.91	%

⁽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, 2011						September 30, 2010
	Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	579,197			6.85	%	$	867,399			6.75	%
Commercial Loans (TE) (1)		4,651,752			6.13	%		3,754,208			5.85	%
Consumer and Other Loans		1,367,705			6.63	%		1,107,893			6.49	%
Total Loans		6,598,654			6.30	%		5,729,500			6.11	%
Loss Share Receivable		666,872			-8.47	%		937,261			-0.62	%
Total Loans and Loss Share Receivable		7,265,526			5.36	%		6,666,761			5.57	%
Mortgage Loans Held for Sale		64,291			5.02	%		88,716			4.45	%
Investment Securities (TE) (1)(2)		2,053,004			2.67	%		1,653,686			3.16	%
Other Earning Assets		240,755			0.77	%		942,559			0.30	%
Total Earning Assets		9,623,576			4.36	%		9,351,722			4.31	%
Allowance for Loan Losses		(151,948	)					(70,453	)
Nonearning Assets		1,198,396						999,472
Total Assets	$	10,670,024					$	10,280,741
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts	$	1,499,111			0.52	%	$	1,341,581			0.72	%
Savings and Money Market Accounts		3,110,088			0.74	%		2,680,060			1.44	%
Certificates of Deposit		2,710,515			1.57	%		3,132,881			1.61	%
Total Interest-bearing Deposits		7,319,714			1.00	%		7,154,522			1.38	%
Short-term Borrowings		219,096			0.25	%		209,297			0.39	%
Long-term Debt		434,863			2.32	%		647,229			3.03	%
Total Interest-bearing Liabilities		7,973,673			1.05	%		8,011,048			1.49	%
Noninterest-bearing Demand Deposits		1,121,650						828,294
Noninterest-bearing Liabilities		172,082						213,343
Total Liabilities		9,267,405						9,052,685
Shareholders’ Equity		1,402,619						1,228,056
Total Liabilities and Shareholders’ Equity	$	10,670,024					$	10,280,741
Net Interest Spread	$	247,149			3.30	%	$	209,278			2.82	%
Tax-equivalent Benefit		5,832			0.08	%		6,193			0.08	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	252,981			3.48	%	$	215,471			3.04	%

⁽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
	9/30/2011			6/30/2011			9/30/2010
Net Interest Income	$	92,435		$	75,965		$	69,933
Effect of Tax Benefit on Interest Income		2,343			2,043			1,769
Net Interest Income (TE) (1)		94,778			78,008			71,702
Noninterest Income		37,120			30,988			36,781
Effect of Tax Benefit on Noninterest Income		498			403			391
Noninterest Income (TE) (1)		37,618			31,391			37,172
Total Revenues (TE) (1)	$	132,396		$	109,399		$	108,874
Total Noninterest Expense	$	99,566		$	92,706		$	80,371
Less Intangible Amortization Expense		(1,385	)		(1,183	)		(1,316	)
Tangible Operating Expense (2)	$	98,181		$	91,523		$	79,055
Return on Average Common Equity		4.56	%		1.50	%		4.21	%
Effect of Intangibles (2)		1.88	%		0.70	%		1.39	%
Return on Average Tangible Common Equity (2)		6.44	%		2.20	%		5.60	%
Efficiency Ratio		76.9	%		86.7	%		75.3	%
Effect of Tax Benefit Related to Tax Exempt Income		(1.7	%)		(2.0	%)		(1.5	%)
Efficiency Ratio (TE) (1)		75.2	%		84.7	%		73.8	%
Effect of Amortization of Intangibles		(1.0	%)		(1.1	%)		(1.2	%)
Tangible Efficiency Ratio (TE) (1) (2)		74.2	%		83.6	%		72.6	%

⁽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

3Q11 Earnings Conference Call

3Q11 Earnings Conference Call

Supplemental Materials

October 26, 2011

October 26, 2011

Exhibit 99.2

2

Safe Harbor Language

Safe Harbor Language

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 filings with the SEC.

Introductory Comments

3

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

•

Legacy Deposit Growth in 3Q11 And Improved Deposit Mix

•

Future Growth Engines in Multiple Markets

•

Strategic Recruiting Continued During The 3

rd

Quarter

•

Fortunately, We Avoided What Ails The Banking Industry

•

Remain Well Positioned For Future Opportunities

4

IBKC Overview

IBKC Overview

Our Locations

5

Deposit Market Share as of  June 30, 2011. Source: SNL Financial. Map Reflects Locations as of  October 24,2011.

*Other Mortgage Locations not shown = 9

Arkansas

34 Branches

$1.0 bil deposits

#12 Rank

32 Non-bank Offices

Texas

4 Branches

$185 mm deposits

#227 Rank

3 Non-bank Offices

Louisiana

78 Branches

$5.1 bil deposits

#5 Rank

31 Non-bank Offices

Alabama

12 Branches

$500 mm deposits

#20 Rank

5 Non-bank Offices

Florida

42 Branches

$2.3 bil deposits

#24 Rank

10 Non-bank Offices

Tennessee

2 Branches

$155 mm deposits

#113 Rank

1 Non-bank Office

Financial Overview

6

Financial Overview

Summary –

3Q11 and 09/30/11

•

T/E Net Interest Income Up $17mm (+21%)

•

Credit Quality Statistics Excluding FDIC Covered Assets And

Acquired Assets Marked To Fair Value:

•

NPA/Assets = 0.95% (0.84% in 2Q11)

•

30+ Days Past Due = 1.68% (1.40% in 2Q11)

•

Loan Loss Reserve/Loans = 1.33% (1.28% in 2Q11)

•

Net COs/Average Loans = 0.12% (0.13% in 2Q11)

•

Provision = $6mm ($10mm in 2Q11)

•

Reported EPS Of $0.58, Up 212% from 2Q11.  Significant

Items Impacting 3Q11 Results Include:

•

Merger And Conversion Costs = $6mm or $0.12

•

Gains On Sale of Investments = $1mm or $0.03

7

Financial Overview

Favorable Balance Sheet Growth

3Q11 Results

3Q11 Results

•Loans +$26mm, +0.4%

•Deposits +$117mm +1.3%

•Loan/Deposits = 79%

•Equity = -$35mm, -2%

•Equity/Assets = 12.77%

•Tier 1 Leverage = 10.55%

•Div Payout = 57.7%

•ROA = 0.59%

•ROE = 4.56%

•ROTE = 6.44%

•Efficiency Ratio = 74%

•Tang Eff. Ratio = 75%

•BV/Share = $50.19

•Tang BV/Share = $37.12

8

$600

$1,000

$1,400

$1,800

$2,200

$2,600

$3,000

$3,400

$3,800

$4,200

$4,600

$5,000

$5,400

$5,800

$6,200

$6,600

$7,000

$7,400

$7,800

$8,200

$8,600

$9,000

Quarterly Averages

Annual Average Balances

Financial Overview

Low Risk Balance Sheet At September 30, 2011

41% Of Balance Sheet In Very Low Risk Components

9

Cash and

Equivalents,

4%

Investment

Securities,

18%

Mortgage

Loans Held

For Sale, 1%

Acquired

Loans -

Fair

Value, 0.3%

Loans -

FDIC

Covered, 12%

FDIC Loss

Share

Receivable,

5%

Loans -

Noncovered,

49%

Other Assets,

10%

Financial Overview

Trends -

Mortgage Interest Rates

•

Conforming

Rates Have

Bounced Off

Of Lows

•

Refi Activity

Has

Diminished

•

Sales Spreads

Remain

Favorable

•

Improved

Competitive

Dynamics In

Mortgage

Business

Source: Bloomberg

as of October 25, 2011

Mortgage Interest Rate Trend

Financial Overview

Mortgage Quarterly Revenues

•

In 3Q11 Closed

$504mm (+43%

Vs. 2Q11)

•

In 3Q11 Sold

$447mm (+34%

Vs. 2Q11)

•

3Q11 Vs. 2Q11:

43% Increase In

Mtg. Revenues

•

3Q11 Vs. 3Q10:

1% Decrease In

Mtg. Revenues

•

$225 mm

Locked Pipeline

on 10/21/11

11

Financial Overview

Title Insurance Quarterly Revenues

•

Title &

Mortgage

Footprints

Don’t

Necessarily

Overlap

•

3Q11:

$4.9mm In

Revenues    

(+9% Vs. 

2Q11)

12

$-

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

$4.5

$5.0

$5.5

$6.0

$6.5

2003

2004

2005

2006

2007

2008

2009

2010

2011

Title Insurance Revenues

*

* Includes United Title in April 2007

**

** Includes American Abstract in March 2008

1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

Financial Overview

Service Charges/Revenues

•

Less Reliance On

Service Charge

Income And

Consumer Fees Than

Peers

13

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

EBTX

PBIB

OZRK

CSFL

UCBI

IBKC

SBCF

HOMB

PFBX

FSGI

HBHC

FMFC

BXS

TRMK

TIBB

SFNC

RNST

MSL

SBSI

CCBG

IBKC = 6%

Source: SNL

Data as of most recent quarter

Non-

Interest Income Excludes Gains on Acquisitions and Investment Sales

Financial Overview

Quarterly Repricing Schedule

4Q11

1Q12

2Q12

3Q12

4Q12

Cash Equivalents

319.4

$             

-

$      

-

$      

-

$      

-

$      

0.64%

0.00%

0.00%

0.00%

0.00%

Investments

330.7

$             

211.3

$   

209.1

$   

142.6

$   

93.5

$    

3.05%

3.45%

3.61%

3.79%

3.80%

Loans

3,755.4

$          

386.5

$   

379.6

$   

358.5

$   

232.7

$   

3.65%

5.49%

5.28%

5.08%

5.62%

Time Deposits

728.4

$             

485.8

$   

467.3

$   

405.9

$   

126.7

$   

1.32%

1.51%

1.50%

1.51%

1.49%

Borrowed Funds

344.2

$             

22.3

$    

20.8

$    

1.5

$      

5.8

$      

1.25%

3.01%

2.90%

4.01%

2.19%

14

Financial Overview

Interest Rate Simulations

Source: Bancware

model, as of September 30, 2011

•

Fairly Balanced From An Interest Rate Risk Position

•

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 Cameron and OMNI acquisitions

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

0.3%

0.3%

0.0%

2.0%

4.4%

-0.1%

0.8%

Economic

Value of

Equity

2.9%

2.0%

0.0%

5.4%

7.9%

-0.1%

-0.1%

15

Financial Overview

Annual Change In Stock Price

Source: Bloomberg

as of October 25, 2011

16

-60%

-20%

0%

20%

40%

60%

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

58%

-40%

Financial Overview

3 Years Price Change By Index

Source: SNL Through October 25, 2011

17

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

+14%

Banks < $250M

Southeast Banks

Micro Cap Banks

Banks < $500M

Banks $1B-$5B

Banks > $10B

Banks $250M-$500M

Banks

Large Cap Banks

Banks $5B-$10B

Mid Cap Banks

TARP Participants

KBW Bank

Banks $500M-$1B

Small Cap Banks

Mid-Atlantic Banks

NASDAQ Bank

Western Banks

S&P Bank

Midwest Banks

Southwest Banks

S&P Financials

All Financial Institutions

NASDAQ Finl

New England Banks

IBERIABANK Corporation

NYSE

S&P 500

Russell 3000

Russell 2000

S&P Small-Cap

NASDAQ

S&P Mid-Cap

Asset Quality

18

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

344,926

15%

4%

CRE-Owner Occupied

932,169

41%

12%

CRE-Non-Owner Occupied

1,006,017

44%

13%

Total Commercial RE

2,283,111

$        

100%

29%

Residential

4%

Home Equity

10%

Credit Card

1%

Automobile

0%

Indirect

Automobile

4%

Other Consumer

1%

Business

22%

Commercial RE

29%

All Other Loans

4%

CapitalSouth

Gross Loans = 3%,

Discount = 1%

Orion

Gross Loans = 10%,

Discount = 4%

Century

Gross Loans = 4%,

Discount = 2%

Transparent

slices

indicate

loan

discounts

Sterling

Gross Loans = 2%,

Discount = 1%

19

Asset Quality

IBERIABANK

Builder & Non-Builder

C&D Loan Exposure

Note: Excludes Covered Loans

20

Asset Quality

3Q11 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

21

     ($thousands)

3Q10

4Q10

1Q11

2Q11

3Q11

Nonaccruals

871,353

$  

816,243

$  

800,265

$  

790,953

$  

805,247

$  

OREO & Foreclosed

57,495

69,218

83,186

117,741

123,307

90+ Days Past Due

43,593

53,112

29,279

23,070

24,741

  Nonperforming Assets

972,441

$  

938,573

$  

912,730

$  

931,765

$  

953,295

$  

NPAs/Assets

9.21%

9.36%

9.18%

8.14%

8.27%

NPAs/(Loans + OREO)

16.63%

15.37%

14.71%

12.73%

12.97%

LLR/Loans

2.28%

2.26%

2.44%

2.36%

2.43%

Net Charge-Offs/Loans

0.36%

0.72%

-0.05%

0.10%

0.10%

Past Dues:

30-89 Days Past Due

89,786

$    

111,345

$  

107,725

$  

86,880

$    

74,604

$    

90+ days Past Due

43,593

53,112

29,279

23,070

24,741

Nonaccual Loans

871,353

816,243

800,265

790,953

805,247

Total 30+ Past Dues

1,004,732

$

980,700

$  

937,269

$  

900,903

$  

904,592

$  

% Loans

17.35%

16.25%

15.31%

12.51%

12.52%

Loan Mix:

Commercial

66.2%

67.2%

67.5%

60.6%

61.4%

Consumer

15.4%

15.4%

16.0%

16.2%

16.0%

Mortgage

12.4%

11.5%

10.8%

8.9%

8.3%

Business Banking

1.4%

1.4%

1.4%

10.5%

10.3%

Indirect

4.0%

3.8%

3.7%

3.2%

3.4%

Credit Cards

0.6%

0.7%

0.6%

0.6%

0.6%

   Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

IBERIABANK Corporation

9/30/10

12/31/10

3/31/11

6/30/11

9/30/11

Consolidated (Ex-FDIC Covered Assets and SOP 03-3)

     30+ days past due

0.52%

0.33%

0.35%

0.41%

0.46%

     Non-accrual

0.96%

1.11%

1.30%

0.99%

1.22%

     Total Past Due

1.48%

1.44%

1.65%

1.40%

1.68%

CapitalSouth Only

     30+ days past due

7.94%

7.10%

7.85%

6.57%

6.09%

     Non-accrual

23.38%

21.12%

21.47%

21.05%

21.20%

     Total Past Due

31.32%

28.22%

29.32%

27.62%

27.29%

Orion Only

     30+ days past due

3.59%

6.11%

4.24%

3.31%

2.85%

     Non-accrual

36.26%

34.52%

36.07%

35.16%

37.56%

     Total Past Due

39.85%

40.63%

40.31%

38.47%

40.41%

Century Only

     30+ days past due

3.53%

5.44%

5.18%

3.82%

4.09%

     Non-accrual

40.57%

41.39%

42.15%

42.74%

43.95%

     Total Past Due

44.10%

46.83%

47.33%

46.56%

48.04%

Sterling Only

     30+ days past due

7.31%

10.68%

12.17%

3.83%

2.69%

     Non-accrual

20.08%

26.68%

28.59%

31.97%

34.68%

     Total Past Due

27.39%

37.36%

40.76%

35.80%

37.37%

Consolidated (With FDIC Covered Assets)

     30+ days past due

1.98%

2.44%

2.04%

1.41%

1.28%

     Non-accrual

12.95%

12.10%

11.89%

10.17%

10.36%

     Total Past Due

14.93%

14.54%

13.93%

11.58%

11.64%

Asset Quality

Loans Past Due + Non-Accruals

** Beginning

in

2011,

IBERIABANK

fsb

was

merged

with

IBERIABANK

22

Asset Quality

Trends –

Entity NPAs & Past Dues

Note: Includes FDIC Assisted Acquisitions

23

(Dollars in $000s)

3Q10

4Q10

1Q11*

2Q11

3Q11

$Chg

9/30/10

12/31/10

3/31/11

6/30/11

9/30/11

Last Qtr.

Nonaccrual Loans

871,353

$    

816,244

$    

800,265

$    

790,953

$    

805,247

$    

14,294

$      

OREO & Foreclosed Assets

57,495

$      

69,217

$      

83,186

$      

117,742

$    

123,307

$    

5,564

$        

Accruing 90+ Days Past Due

43,593

$      

53,112

$      

29,279

$      

23,070

$      

24,741

$      

1,671

$        

Total NPAs

972,441

$    

938,573

$    

912,730

$    

931,765

$    

953,295

$    

21,530

$      

NPAs / Total Assets

9.21%

9.36%

9.18%

8.14%

8.27%

30-89 Days Past Due

89,786

$      

111,345

$    

107,725

$    

86,880

$      

74,604

$      

(12,276)

$     

30-89 Days PDs / Loans

1.55%

1.84%

1.76%

1.21%

1.03%

Asset Quality

Trends –

Entity LLR & Net COs

Note: Includes FDIC Assisted Acquisitions

24

(Dollars in $000s)

3Q10

4Q10

1Q11

2Q11

3Q11

$Chg

09/30/10

12/31/2010

3/31/2011

6/30/2011

9/30/2011

Last Qtr.

Loan Loss Reserve*

131,954

$    

136,100

$    

149,119

$    

169,988

$    

175,320

$    

5,332

$       

LLR / Total Loans

2.28%

2.26%

2.44%

2.36%

2.43%

Net Charge-Offs

5,330

$       

10,506

$      

(764)

$         

1,718

$       

1,880

$       

161

$          

Net COs/Avg Loans

0.36%

0.72%

-0.05%

0.10%

0.10%

LLR Coverage Of NPAs

14%

15%

16%

18%

18%

*

Does not include loan discounts associated with acquisitions.

Asset Quality

Loan Mix And 30 Days+ Past Due

25

3Q10

4Q10

1Q11

2Q11

3Q11

3Q11*

9/30/10

12/31/10

3/31/11

6/30/11

9/30/11

9/30/11

% of Outstandings

Commercial

66.2%

67.3%

67.5%

60.6%

61.4%

61.0%

Mortgage

12.4%

11.5%

10.8%

8.9%

8.3%

5.3%

Consumer

15.4%

15.4%

16.0%

16.2%

16.0%

15.8%

Indirect

4.0%

3.8%

3.7%

3.2%

3.4%

4.5%

Business Banking

1.4%

1.4%

1.4%

10.5%

10.3%

12.7%

Credit Cards

0.6%

0.6%

0.6%

0.6%

0.6%

0.7%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

15.99%

15.55%

14.78%

12.97%

12.80%

1.71%

Mortgage

14.28%

14.94%

15.21%

14.89%

15.84%

2.60%

Consumer

16.22%

14.82%

14.71%

11.33%

10.52%

1.17%

Indirect

0.78%

0.87%

0.74%

0.78%

0.96%

0.89%

Business Banking

2.95%

2.57%

2.82%

4.91%

7.01%

2.07%

Credit Cards

1.50%

1.57%

1.74%

1.56%

1.90%

1.73%

Total Loans

14.93%

14.54%

13.93%

11.58%

11.64%

1.68%

*

Excludes FDIC assisted acquisitions and SOP 03-3 loans acquired from OMNI and Cameron

Asset Quality

Asset Quality

Classified Assets

•

“Classified Assets”

Are

Loans That Exhibit

Stress And Warrant

Close Watching

•

At September 30,

2011 Classified Assets

were $197 million

•

Our Classified Assets

As A Percentage Of

Total Assets Are Very

Low, Particularly 

Compared To Our Local

Peers

26

Source: SNL, Company Filings for  2010

IBKC Data as of September 30, 2011 -Excludes covered

loans related to FDIC-Assisted Acquisitions

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

SBSI

OZRK

IBERIABANK

SFNC

RNST

EBTX

HOMB

TRMK

MSL

BXS

HBHC

CSFL

FMFC

SBCF

CCBG

WTNY

PFBX

PBIB

UCBI

FSGI

Classified Assets-to-

Total Assets

At December 31, 2010

$1.7 Million In

Net Charge-Offs

In 3Q11

Excluding FDIC

Covered and

SOP 03-3 Loans

(0.12% Of

Average Loans)

Asset Quality

Loan Loss Reserve

•

Legacy IBERIABANK Credits Performing Very Well

•

Classified Assets And NPAs Remain Favorable

•

$6.1 Million Loan Loss Provision In 3Q11 (2Q11 = $10.0

Million)

•

Acquired Builder Construction Portfolio Was Only $1.9

Million (0.03% of Total Loans)

27

3Q10

4Q10

1Q11

2Q11

3Q11

Net Charge-Offs - legacy

6,123

$     

10,473

$  

(655)

$      

1,895

$    

1,711

$   

Loan Growth

683

5,501

2,043

4,737

615

Change In Asset Quality

(3,548)

(4,418)

2,313

719

3,976

Loan Loss Provision - legacy

3,258

$     

11,556

$  

3,701

$    

7,351

$    

6,302

$   

Loan Loss Provision - FDIC Acqs.

1,870

(332)

1,770

2,639

(175)

Total Loan Loss Provision

5,128

$     

11,224

$  

5,471

$    

9,990

$    

6,127

$   

Net Charge-Offs/Avg. Loans

0.36%

0.72%

-0.05%

0.10%

0.10%

Loan Loss Reserve/Loans

2.28%

2.26%

2.44%

2.36%

2.43%

•

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

* Excludes FDIC Covered Assets and acquired assets marked

to fair value

28

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

29

-

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

10,000,000

Non

-Builder Portfolio CRE

CRE Loans Outstanding At September 30, 2011

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

Sep 2010

Dec 2010

Mar 2011

Jun 2011

Sep 2011

Non-Owner Occupied

Current

910.5

$         

895.0

$         

916.1

$         

1,215.2

$      

1,193.0

$      

Past Due

1.5

2.5

6.8

10.8

16.2

Nonaccrual

18.4

22.7

31.9

50.7

57.1

Total

930.5

$         

920.2

$         

954.8

$         

1,276.7

$      

1,266.4

$      

   % Nonaccrual

1.98%

2.46%

3.34%

3.97%

4.51%

Owner Occupied

Current

605.2

$         

632.6

$         

691.2

$         

982.7

$         

1,009.0

$      

Past Due

7.3

1.7

0.8

1.2

0.5

Nonaccrual

5.0

5.6

5.9

7.5

7.3

Total

617.5

$         

639.9

$         

697.9

$         

991.4

$         

1,016.7

$      

   % Nonaccrual

0.81%

0.88%

0.84%

0.75%

0.72%

Total CRE

1,548.0

$      

1,560.1

$      

1,652.7

$      

2,268.1

$      

2,283.1

$      

   % Nonaccrual

1.52%

1.81%

2.29%

2.56%

2.82%

Non-Owner Occup/Risk Based Cap.

78%

76%

100%

120%

100%

30

Asset Quality

Commercial Loan Composition

Note:

At

September

30,

2011;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

31

0%

5%

10%

15%

20%

25%

30%

35%

Storage

Agriculture

Governmental

Communications

Energy

Transport

Financial/Insurance

Education

Households

Religious

Heavy/Civil Construction

Wholesalers

Manufacturing

Construction

Retail

Other

Hospitality

RE-Owner Occupied

Medical

% Of Commercial Loan Portfolio At September 30, 2011

RE-Non-Owner Occupied

Consumer Loan

Portfolio

32

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

12%

14%

5%

8%

13%

12%

750 - 799

40%

35%

29%

31%

25%

28%

700 - 749

25%

24%

28%

25%

25%

23%

650 - 699

14%

15%

20%

17%

16%

18%

600 - 649

5%

5%

9%

8%

8%

8%

550 - 599

2%

4%

5%

5%

6%

5%

500 - 549

1%

2%

4%

3%

4%

3%

450 - 499

0%

1%

1%

1%

1%

1%

400 - 449

0%

0%

0%

0%

0%

0%

Other

1%

1%

2%

2%

3%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

745

725

731

710

700

716

Consumer Portfolio - Score Distribution By Product

33

Consumer

Loan Portfolio

Past Dues

By Product

•

Generally Good

And Stable Asset

Quality Across

Consumer

Products

Excludes Covered Loans from FDIC Acquisitions

9/30/10

12/31/10

3/31/11

6/30/11

9/30/11

Home Equity Lines of Credit

30 to 59 Days Past Due

0.24%

0.21%

0.21%

0.13%

0.17%

60 to 89 Days Past Due

0.03%

0.28%

0.01%

0.04%

0.08%

Over 90 Days Past Due

0.15%

0.00%

0.00%

0.00%

0.00%

Total 30+ Days Past Due

0.42%

0.49%

0.22%

0.17%

0.25%

Net Charge-Offs

0.87%

1.28%

0.90%

0.02%

0.38%

Home Equity Term Loans

30 to 59 Days Past Due

0.28%

0.57%

0.29%

0.50%

0.59%

60 to 89 Days Past Due

0.16%

0.17%

0.01%

0.13%

0.21%

Over 90 Days Past Due

0.31%

0.00%

0.00%

0.00%

0.01%

Total 30+ Days Past Due

0.75%

0.75%

0.31%

0.63%

0.81%

Net Charge-Offs

0.21%

0.65%

0.82%

0.34%

0.21%

Indirect Loans

30 to 59 Days Past Due

0.34%

0.40%

0.34%

0.38%

0.46%

60 to 89 Days Past Due

0.09%

0.07%

0.02%

0.09%

0.11%

Over 90 Days Past Due

0.03%

0.00%

0.00%

0.00%

0.00%

Non Accrual

0.35%

0.42%

0.40%

0.33%

0.42%

Total 30+ Days Past Due

0.81%

0.89%

0.76%

0.80%

0.99%

Net Charge-Offs

0.13%

0.39%

0.17%

0.09%

0.30%

Credit Card Loans

30 to 59 Days Past Due

0.35%

0.34%

0.26%

0.29%

0.37%

60 to 89 Days Past Due

0.21%

0.22%

0.32%

0.14%

0.25%

Over 90 Days Past Due

0.00%

0.00%

0.00%

0.00%

0.00%

Non Accrual

0.86%

0.88%

1.02%

1.01%

1.11%

Total 30+ Days Past Due

1.41%

1.44%

1.60%

1.44%

1.73%

Net Charge-Offs

2.16%

1.98%

1.76%

2.05%

1.69%

Other Consumer Loans

30 to 59 Days Past Due

0.48%

0.36%

0.26%

0.30%

0.28%

60 to 89 Days Past Due

0.10%

0.10%

0.09%

0.30%

0.05%

Over 90 Days Past Due

0.04%

0.00%

0.00%

0.00%

0.00%

Total 30+ Days Past Due

0.62%

0.46%

0.35%

0.60%

0.33%

Net Charge-Offs

2.11%

1.86%

0.74%

0.78%

1.81%

Total Consumer Loans

Total 30+ Days Past Due

0.57%

0.58%

0.31%

0.47%

0.56%

Net Charge-Offs

0.60%

0.90%

0.71%

0.31%

0.48%

Consumer Loan Portfolio - Quarterly Credit Statistics

Loans Past Due As A % of Product Loans

34

Consumer Loan Portfolio

By

Product

–

Origination

Mix

35

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q07

3Q07

1Q08

3Q08

1Q09

3Q09

1Q10

3Q10

1Q11

3Q11

35%

41%

19%

5%

Quarter

Originations

-

Product Total %

Consumer Loan Portfolio

By Product –

Loan-To-Values

36

54%

77%

68%

79%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Loan-to-Values At Time Of Origination

HELOC 1st

HELOC 2nd

Home Equity 1st

Home Equity 2nd

Quarter

Consumer Loan Portfolio

Indirect –

30+ Days Past Dues

37

Month

.55%

Consumer Loan Portfolio

Indirect –

Net Charge-Offs

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

2.20%

2.40%

.17%

38

Month

FDIC Loss Share

Performance

39

Loss Share Performance Covered

Loan Portfolio Rollforward

40

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,466,627

39,453

10.592%

1,545,551

54,118

14.049%

1,489,782

40,454

10.768%

1,421,784

28,201

7.819%

Mortgage Loans

247,827

6,159

9.941%

253,360

6,865

10.839%

243,303

4,487

7.378%

229,678

5,209

9.072%

Indirect Automobile

-

-

0.000%

-

-

0.000%

-

-

0.000%

-

-

0.000%

Credit Card

1,154

20

6.934%

1,083

19

7.091%

1,026

17

6.721%

972

16

6.693%

Consumer

213,082

3,225

6.005%

196,378

3,926

8.107%

189,022

(234)

-0.497%

172,391

3,780

8.698%

Line Of Credit-Consumer Loans

79,958

4,582

22.733%

79,580

7,391

37.664%

81,575

2,967

14.588%

80,650

2,372

11.669%

Commercial & Business Banking

924,098

25,467

10.792%

1,015,204

35,917

14.155%

975,301

33,217

13.477%

938,554

16,824

7.018%

Loans in Process

508

-

0.000%

(54)

-

0.000%

(445)

-

0.000%

(460)

-

0.000%

Overdrafts

0

-

0.000%

0

-

0.000%

0

-

0.000%

0

-

0.000%

FDIC Loss Share Receivable

899,558

(8,619)

-3.749%

708,809

(21,913)

-12.366%

666,159

(18,315)

-10.877%

626,551

(2,602)

-1.625%

Net Covered Loan Portfolio

2,366,185

30,834

5.143%

2,254,360

32,205

5.744%

2,155,941

22,139

4.080%

2,048,335

25,599

4.930%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,466,627

39,453

10.592%

1,545,551

54,118

14.049%

1,489,782

40,454

10.768%

1,421,784

28,201

7.819%

CapitalSouth Bank

250,865

8,355

13.171%

251,762

10,188

16.262%

240,511

5,196

8.536%

227,549

(1,827)

-3.080%

Orion Bank

742,289

24,721

13.046%

823,081

32,651

16.025%

794,202

29,013

14.479%

759,860

24,875

12.861%

Century Bank

332,360

3,878

4.610%

339,135

9,156

10.795%

323,681

4,105

5.072%

303,773

3,024

3.979%

Sterling Bank

141,113

2,499

6.770%

131,574

2,123

6.472%

131,388

2,140

6.464%

130,602

2,130

6.405%

FDIC Loss Share Receivable

899,558

(8,619)

-3.749%

708,809

(21,913)

-12.366%

666,159

(18,315)

-10.877%

626,551

(2,602)

-1.625%

CapitalSouth Bank

79,553

(2,600)

-12.788%

58,914

(1,877)

-12.744%

58,676

(4,456)

-30.041%

57,146

5,754

39.402%

Orion Bank

555,610

(5,568)

-3.921%

418,948

(18,861)

-18.009%

392,880

(13,256)

-13.348%

375,943

(11,021)

-11.472%

Century Bank

197,355

(593)

-1.177%

163,829

(1,385)

-3.383%

157,959

(756)

-1.894%

145,807

2,505

6.723%

Sterling Bank

67,040

142

0.830%

67,119

210

1.253%

56,644

152

1.065%

47,655

159

1.310%

Net Covered Loan Portfolio

2,366,185

30,834

5.143%

2,254,360

32,205

5.744%

2,155,941

22,139

4.080%

2,048,335

25,599

4.930%

CapitalSouth Bank

330,418

5,756

6.921%

310,676

8,311

10.762%

299,187

740

0.954%

284,696

3,927

5.448%

Orion Bank

1,297,899

19,153

5.783%

1,242,029

13,790

4.546%

1,187,083

15,757

5.269%

1,135,803

13,853

4.807%

Century Bank

529,715

3,285

2.457%

502,963

7,770

6.177%

481,639

3,349

2.787%

449,580

5,529

4.869%

Sterling Bank

208,153

2,641

4.854%

198,692

2,333

4.709%

188,032

2,293

4.838%

178,257

2,290

5.043%

4Q2010

1Q2011

2Q2011

3Q2011

4Q2010

1Q2011

2Q2011

3Q2011

Markets

41

Markets –

Local Economies

Unemployment –

vs. U.S. MSAs

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

42

Markets –

Local Economies

Freddie Mac –

Regional Prices

Source: Freddie Mac, FMHPI data series for 2Q2011

Last 5-Year

Housing

Price

Last 12

2Q11 vs.

Region

States Included

Change

Months

1Q11

West South Central

LA, AR, TX, OK

-1.8%

-2.3%

10.8%

West North Central

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

-6.0%

-3.1%

16.0%

East South Central

TN, AL, MS, KY

-9.2%

-3.8%

9.3%

South Atlantic

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

-16.5%

-4.0%

13.6%

New England

CT, MA, ME, NH, RI, VT

-18.0%

-4.6%

8.8%

East North Central

IL, IN, MI, OH, WI

-20.2%

-4.8%

26.2%

Pacific

CA, OR, WA, HI, AK

-22.1%

-5.8%

8.1%

Middle Atlantic

NY, NJ, PA

-14.6%

-5.9%

3.2%

Mountain

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

-25.3%

-9.6%

-0.6%

United States

-25.1%

-7.0%

8.5%

43

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, FMHPI data series for 2Q2011

44

-40.0%

-35.0%

-30.0%

-25.0%

-20.0%

-15.0%

-10.0%

-5.0%

0.0%

5.0%

10.0%

15.0%

Average of MSAs

-5.4%

-3%

8%

2%

7%

-8%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

Louisiana MSAs

Alexandria LA MSA

Baton Rouge LA MSA

Houma-Bayou Cane-Thibodaux LA MSA

Lafayette LA MSA

Lake Charles LA MSA

Monroe LA MSA

New Orleans-Metairie-Kenner LA MSA

Shreveport-Bossier City LA MSA

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

45

Source :

Freddie Mac FHMPI Index –

data indexed at 4Q2006

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

-26%

0%

-3%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

Arkansas MSAs

Fayetteville-Springdale-Rogers AR-MO MSA

Jonesboro AR MSA

Little Rock-North Little Rock-Conway AR MSA

46

Source :

Freddie Mac FHMPI Index –

data indexed at 4Q2006

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

-52%

-32%

-53%

-46%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

Florida MSAs

Cape Coral-Fort Myers FL MSA

Jacksonville FL MSA

Miami-Fort Lauderdale-Pompano Beach FL MSA

Naples-Marco Island FL MSA

North Port-Bradenton-Sarasota FL MSA

47

Source :

Freddie Mac FHMPI Index –

data indexed at 4Q2006

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

-11%

-4%

-19%

6%

-16%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

Other MSAs

Birmingham-Hoover AL MSA

Huntsville AL MSA

Mobile AL MSA

Montgomery AL MSA

Houston-Sugar Land-Baytown TX MSA

Memphis TN-MS-AR MSA

48

Source :

Freddie Mac FHMPI Index –

data indexed at 4Q2006

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 as of 2Q11

49

Shreveport, LA 17.6%

Jonesboro, AR 17.7%

Lafayette, LA 18.1%

Mobile, AL 39.4%

Baton Rouge, LA 40.9%

New Orleans, LA 45.9%

Memphis, TN 46.0%

Lake Charles, LA 47.8%

Little Rock, AR 23.7%

NW Arkansas, 25.0%

W. Palm Beach, FL 90.0%

Jacksonville, FL 92.6%

Tampa, FL 93.2%

Bradenton, FL 93.5%

Cape Coral, FL 96.0%

Naples, FL 96.8%

Monroe, LA 31.3%

Houston, TX 32.7%

Birmingham, AL 33.3%

Huntsville, AL 36.5%

Montgomery, AL 36.8%

Markets-Local Economies

IBKC Market Demographics

Source: SNL Financial

50

MSA

IBKC

Market

Rank

IBKC

Offices

IBKC

Deposits

IBKC Dep

Mkt. Share

(%)

Percent of

IBKC

Franchise

Market

Population

Population

Change

2000-10

(%)

Projected

Population

Change

2010-15

(%)

Median

HH

Income

2010

($)

HH

Income

Change

2000-10

(%)

Projected

HH Income

Change

2010-15

(%)

FLORIDA

North Port-Bradenton-Sarasota, FL

6

13

706,045

4.30

7.63

712,761

20.82

4.06

51,943

27.68

10.66

Naples-Marco Island, FL

5

7

623,371

6.25

6.74

332,156

32.13

5.99

62,368

28.82

11.33

Miami-Fort Lauderdale-Pompano Beach, FL

34

11

526,968

0.33

5.70

5,513,060

10.09

1.37

51,835

28.66

13.46

Key West, FL

5

5

185,312

8.21

2.00

73,868

(7.19)

(4.68)

53,763

25.83

10.94

Cape Coral-Fort Myers, FL

18

4

158,839

1.39

1.72

628,829

42.63

8.17

51,699

28.21

10.86

Jacksonville, FL

30

3

53,557

0.11

0.58

1,389,042

23.72

7.08

54,392

27.54

11.94

LOUISIANA

New Orleans-Metairie-Kenner, LA

5

24

1,404,895

4.82

15.18

1,187,772

(9.78)

8.77

42,621

20.67

6.36

Lafayette, LA

1

13

1,280,381

23.15

13.84

263,368

10.16

4.27

40,904

15.26

8.20

New Iberia, LA

1

4

786,474

45.05

8.50

75,402

2.92

0.17

35,185

13.27

7.36

Lake Charles, LA

3

17

508,287

15.17

5.49

194,964

0.72

(0.15)

40,423

14.49

9.42

Baton Rouge, LA

5

5

430,652

2.72

4.65

789,682

11.86

4.80

42,872

14.54

7.08

Monroe, LA

3

6

316,612

11.31

3.42

174,353

2.53

1.13

35,606

12.22

10.11

Shreveport-Bossier City, LA

7

2

189,816

2.85

2.05

394,961

5.05

1.61

37,988

14.48

8.83

Ruston, LA

4

2

89,832

7.88

0.97

57,874

(0.06)

(0.30)

30,621

11.16

4.98

Crowley, LA

6

2

52,234

6.52

0.56

60,988

3.61

0.49

29,921

12.20

4.42

Abbeville, LA

9

2

46,760

5.12

0.51

56,867

5.69

1.46

31,930

8.45

6.64

Bastrop, LA

6

2

17,509

6.49

0.19

28,799

(7.16)

(3.98)

27,955

11.26

5.29

Houma-Bayou Cane-Thibodaux, LA

14

1

13,291

0.31

0.14

204,128

4.96

0.46

39,560

12.74

9.36

ARKANSAS

Little Rock-North Little Rock-Conway, AR

9

11

389,999

2.87

4.22

694,164

13.70

5.87

51,146

31.38

13.27

Jonesboro, AR

3

6

213,547

8.31

2.31

119,895

11.26

6.02

39,890

28.23

16.63

Fayetteville-Springdale-Rogers, AR-MO

17

8

118,343

1.44

1.28

461,723

33.04

10.17

48,929

35.01

9.83

Paragould, AR

9

2

7,324

0.98

0.08

41,398

10.89

4.05

39,063

26.62

15.16

TENNESSEE

Memphis, TN-MS-AR

25

2

155,202

0.68

1.68

1,325,833

10.01

4.28

51,618

30.32

11.85

TEXAS

Houston-Sugar Land-Baytown, TX

54

4

185,288

0.13

2.00

6,017,013

27.60

10.46

58,086

30.07

14.35

ALABAMA

Birmingham-Hoover, AL

13

4

245,181

0.84

2.65

1,133,874

7.76

3.39

45,636

20.09

6.12

Montgomery, AL

12

2

104,538

1.45

1.13

372,902

7.61

3.06

44,338

19.12

8.45

Mobile, AL

9

2

99,878

1.65

1.08

410,234

2.60

1.01

39,492

17.15

9.17

Huntsville, AL

19

2

41,820

0.63

0.45

407,958

19.15

9.36

51,241

18.68

7.69

Daphne-Fairhope-Foley, AL

18

1

14,260

0.44

0.15

186,407

32.75

11.05

46,476

15.47

3.91

Aggregate: National

169

9,603,738

96.86

23,310,275

9.60

4.06

45,656

21.40

9.47

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 27 New Markets

•

Acquired 180 Offices (All)

•

Closed/Consolidated 54

Offices (All Types)

•

Opened 23 New Bank

Offices

•

Opened 27 Mortgage

Offices

•

Opened 2 Title Office

•

13 Office Realignments

51

Markets –

Local Economies

Oil & Gas Impact

Source: Bloomberg

52

Natural Gas

Crude Oil

$3.62

$92.99

$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

$160.00

$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

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

53

EX-99.3

Exhibit 99.3

FOR IMMEDIATE RELEASE

October 26, 2011

Contact:

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

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

IBERIABANK Corporation Updates Share Repurchase Program and Strategic Goals

LAFAYETTE, LOUISIANA — IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 124-year-old IBERIABANK (www.iberiabank.com), announced the completion of its share repurchase program authorized in August 2011 and the commencement of a new share repurchase program. The Company also announced an update to its strategic goals. A presentation regarding a strategic overview and key financial goals for the Company can be found on the Company’s website under “Investor Relations” and then “Presentations.”

Completed Share Repurchase Program

On August 2, 2011, the Company announced a share repurchase program for 900,000 shares of common stock, or approximately 3% of common shares outstanding at the time of announcement. That share repurchase program was completed during the third quarter of 2011. The weighted average price of shares purchased under that program was $45.98 per share, or an aggregate purchase price of approximately $41 million. The Company currently estimates the completed share repurchase program will add $0.07 to $0.09 to fully-diluted earnings per share on an annual basis, based on certain assumptions.

Completed Share Repurchase Programs

Repurchase Program	Announced		Completed		Months		Shares Purchased*		Weighted Average Price*
February 2000		2/17/00		12/11/00		10		375,000	$	14.30
December 2000		12/12/00		12/17/01		12		375,000		22.44
December 2001		12/18/01		12/2/02		11		375,000		30.22
November 2002		11/18/02		9/2/03		9		162,500		35.10
September 2003		9/17/03		6/24/04		9		375,000		46.44
June 2004		6/25/04		5/4/05		10		218,750		47.23
May 2005		5/4/05		5/15/07		24		375,000		51.54
August 2011		8/2/11		9/16/11		2		900,000		45.98

* Adjusted for 5-for-4 stock split paid on August 15, 2005.

Newly Authorized Share Repurchase Program

The Company announced today that the Board of Directors of the Company authorized the repurchase of up to 900,000 shares of the Company’s outstanding common stock. This share repurchase authorization equates to approximately 3% of total shares outstanding. Stock repurchases under this program will be made from time to time, on the open market or in privately negotiated transactions, at the discretion of the management of the Company. The timing of these repurchases will depend on market conditions and other requirements. Consistent with prior share

1

repurchase programs, the Company currently anticipates the share repurchase program will be completed within a one-year time frame.

Daryl G. Byrd, President and Chief Executive Officer, commented, “The recently completed share repurchase program and the newly authorized share repurchase program provide an excellent opportunity to enhance shareholder value, while maintaining superior capital strength at our Company. These share repurchase programs, in concert with our continued organic balance sheet growth and acquisition opportunities, provide a balanced and methodical approach to capital management.”

Strategic Overview

The Company routinely recalibrates its strategic goals every five years and today announced an update to the strategic overview and key financial goals for the organization. The key financial goals are as follows:

• Return on average tangible equity of 13%-17%. Measured by the end of the three to five year planning period and excluding acquisition and conversion costs.

• Tangible efficiency ratio of 60% or less. Measured by the end of the three to five year planning period and excluding acquisition and conversion costs.

• Asset quality measures in the top 10% of our peers. Measured as nonperforming assets as a percent of total assets, excluding FDIC covered assets.

• Double-digit earnings per share growth. Measured on an annual basis throughout the three to five year planning period, excluding acquisition and conversion costs.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with $11.5 billion in assets and $1.5 billion in shareholders’ equity at September 30, 2011. The Company has 262 combined offices, including 171 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 24 title insurance offices in Arkansas and Louisiana, mortgage representatives in 60 locations in 12 states, six locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, LLC office in New Orleans.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.5 billion, based on the NASDAQ closing stock price on October 26, 2011.

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

2

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 (the “SEC”), available at the SEC’s website, http://www.sec.gov, and the Company’s website, http://www.iberiabank.com, under the heading “Investor Information.” 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.

3

EX-99.4

IBERIABANK Corporation

IBERIABANK Corporation

Strategic Overview

Strategic Overview

October 26, 2011

October 26, 2011

Exhibit 99.4

Safe Harbor Language

Safe Harbor Language

2

To the extent that statements in this presentation 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

(the

“SEC”),

available

at

the

SEC’s

website,

http://www.sec.gov,

and the Company’s website,

http://www.iberiabank.com,

under the heading “Investor Information.”

All information in this presentation is as

of the date of this presentation.  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.

•

Every 5-6 Years We Set Strategic Goals

•

Recently Refreshed Our Strategic Plan

•

Focus Our Company:

Mission Statement

Philosophies And Culture

Economic And Industry Dynamics

Risks And Opportunities

Strengths And Areas Requiring Improvement

Operating Parameters

Areas Of Future Emphasis And Investment

Strategic/Financial Goals

Overview

Strategic Overview

Strategic Overview

3

Strategic Overview

Strategic Overview

Over The Past Three Years…

Over The Past Three Years…

Total Revenues Of $1.5 Billion

Earned $280 Million; $14.57 EPS

Paid $105 Million In Dividends, Or

$5.10 Per Share (38% Payout)

Improved Asset Quality And

Capital Strength

Added:

•

+$6.6 Billion Assets

•

+120 New Locations

•

+1,247 Associates

•

+$18.06 In Tangible BVS

•

+$0.8 Billion Market Cap.

At The End Of 3Q11:

•

Total Assets Of $11.5

Billion

•

2,541 Associates

•

Operations In 12 States

4

-75%

-25%

25%

75%

125%

175%

Loans

Deposits

Assets

Offices

# FTE

BVS

TBVS

Stock Price

Market Cap

% Change Since 2007

Strategic Overview

Strategic Overview

Our Current Position

5

•

Little Or No Loan Growth

•

Real Estate Dependence

•

Asset Quality Concerns

•

Unrecognized Collateral Values

•

Flat & Low Yield Curve Results In

Margin Compression

•

Durbin Amendment Exposure

•

Capital Constrained

•

Dividends Slashed

•

Costly Access To Fresh Capital

•

Share Buyback Capability?

•

M&A Experience/Infrastructure?

Industry Headwinds

Our Positioning

•

$518mm YTD Organic Growth

•

41% of Bal. Sheet Is Low Risk

•

Classified Assets = 1.7%/Assets

•

FDIC Loss Share Protection

•

Less Spread Dependent With

Mtg/Title 12% Of Revenues

•

Service Chg/Revenues of 6%

•

$300mm+ In Excess Capital

•

Consistent Quarterly Dividends

•

Raised $603mm In Capital

•

Buyback Completed In 3Q11

•

5 FDIC And 7 Live Bank Deals

•

Provide Exceptional Value-Based Client Service

•

Great Place To Work

•

Growth That Is Consistent With High Performance

•

Shareholder Focused

•

Strong Sense Of Community

Mission Statement And Culture

Strategic Overview

Strategic Overview

6

•

Teamwork

•

Client Focus

•

Financial Focus

•

Attention To Detail

•

Do What Is Right

•

High Performance Expectations

•

Self Starters

•

Respect For Others

•

Conservative & Methodical

•

Continuous Improvement

Mission

Statement

Selected Philosophies And Culture

•

Time Period: 5-Year Time Frame

•

Economic Growth Remains Tempered

•

Near-Term Inflation Is tempered As Well

•

Current Credit Cycle Is 5-6 Years Long (2/3 Complete)

•

Assume The Interest Rate Environment Imbedded In The

Current Forward Curves

Low, Flat Interest Rate Curves Initially

Curves Begin to Steepen To More Historic Levels

Impacted More On Short-End Of Curves (<5 Years)

Major Economic Assumptions

Strategic Overview

Strategic Overview

7

Forward Interest Rate Curves

Strategic Overview

Strategic Overview

8

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%

5.00%

Sep-07

Sep-08

Sep-09

Sep-10

Sep-11

Sep-12

Sep-13

Sep-14

Sep-15

Overnight

2yr Treasury

5 Year Treasury

10 Year Treasury

•

Banking Industry Returns Will Remain Challenging

Limited Balance Sheet Growth

Spread Compression (Government & Industry Impacts)

Legislative/Compliance Provide Revenue Pressure

Regulatory Burdens Remain Elevated

Lower Industry Returns On Tangible Equity

•

New Capital Will Remain Scarce And Fairly Targeted

•

Banking Industry Will Continue To Consolidate

Up To An Additional 200 Failures in Southeast U.S.

Live Banks -

Board And Management Fatigue

We Will Participate In Situations That Fit

Organic Growth Story & Supplement With Acquisitions

Industry Competitive Dynamics

Strategic Overview

Strategic Overview

9

•

Market-Focused, Not Size-Focused

•

Southeastern U.S. –

Texas To Virginia

•

Focus On Metropolitan, Not Rural, Markets

•

Interest In Specific MSAs, Based On Opportunity:

Risk/Return Perspective Consistent With Our Culture

Connectivity To Recruits And Target Clients

Competitive Dynamics (Current And Future)

•

Areas Of Emphasis:

Small Business And Retail

Trust, Wealth Management, Capital Markets

Targeted Market/Branch Expansion

Improve Operating Leverage And Profitability

Strategic Focus

Strategic Overview

Strategic Overview

10

IBKC Overview

IBKC Overview

Our Locations

11

Deposit Market Share as of  June 30, 2011. Source: SNL Financial. Map Reflects Locations as of  October 24,2011.

*Other Mortgage Locations not shown = 9

Arkansas

34 Branches

$1.0 bil deposits

#12 Rank

32 Non-bank Offices

Texas

4 Branches

$185 mm deposits

#227 Rank

3 Non-bank Offices

Louisiana

78 Branches

$5.1 bil deposits

#5 Rank

31 Non-bank Offices

Alabama

12 Branches

$500 mm deposits

#20 Rank

5 Non-bank Offices

Florida

42 Branches

$2.3 bil deposits

#24 Rank

10 Non-bank Offices

Tennessee

2 Branches

$155 mm deposits

#113 Rank

1 Non-bank Office

Indicates cities in which our members of Senior Management (Market Presidents,

Executive Vice Presidents, etc.) have resided/worked.

IBKC Overview

IBKC Overview

Where We Lived & Worked

Greensboro, NC

Indianapolis, IN

Las Vegas, NV

Mansfield, PA

Morris Plains, NJ

New York, NJ

Pittsburgh,  PA

Phoenix, AZ

San Diego, CA

Scottsdale, AZ

Wilmington, DE

Resides in New Orleans, LA

Michael J. Brown, VC

Chief Operating Officer

Jefferson G. Parker, VC

Manager of Brokerage, Trust,

and Wealth and Management

Anthony J. Restel, SEVP

Chief Financial Officer

Robert B. Worley

General Counsel

Daryl G. Byrd

President and CEO

Beth A. Ardoin, EVP

Director of Communications

George J. Becker III, EVP

Director of Corporate Operations

Barry F. Berthelot, EVP

Director of Organizational Development

Resides in Lafayette, LA

Resides in Greensboro, NC

Gregg Strader, EVP

Chief Credit Officer

Broad Experience Throughout

Southeastern U.S.

12

Resides in Annapolis, MD

Robert M. Kottler, EVP

Director of Retail and Small Business

Albuquerque, NM

Annapolis, MD

Boston, MA

Buffalo, NY

Charlotte, NC

Charlottetown,

PE, Canada

Chennai, India

Cleveland, OH

Columbus, OH

Detroit, MI

Flint, MI

Hartford, CT

Resides in Raleigh, NC

John R. Davis, SEVP

Director of Financial Strategy and Mortgage

Resides in Greensboro, GA

James B. Gburek, EVP

Chief Risk Officer

Resides in Gastonia, NC

H. Spurgeon Mackie, EVP

Executive Credit Officer

Experience in Additional Cities:

Indicates cities in which our 11 members of Executive Management have resided/worked

•

Combination of Organic Growth And Acquisitions

•

Include Bargain Purchase Gains (Present Value Benefit)

•

Exclude One-Time Costs

•

Full Deployment Of Capital During The Planning Period

Organic Loan Growth

Selected Acquisitions

Share Repurchases

Regulatory Capital Limits Subject To Change

•

Selective Branch Additions And Strategic Recruits

•

No New Businesses Assumed

•

Improve Operating Leverage From Prior Investments

Other Assumptions

Strategic Overview

Strategic Overview

13

•

Return

On

Average

Tangible

Equity

Excludes One-Time Costs

By End Of Planning Period

•

Tangible Efficiency Ratio

Entire Company, Not Just Bank

By End Of Planning Period

•

Asset Quality

Nonperforming Assets/Total Assets

Exclude FDIC Covered Assets

•

Earnings Per Share Growth

Annual Growth Throughout Period

Excludes One-Time Costs

3-5 Year Strategic Goals

Strategic Overview

Strategic Overview

14

13% to 17%

Target 60% or Less

Peer Top 10%

Double-Digit %

Strategic Overview

Strategic Overview

Return On Tangible Equity

15

Source: SNL; US Bank Holding Companies reporting as of June 30, 2011

-30.00%

-25.00%

-20.00%

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

2Q11 Return On Tangible Equity -

US BHCs

ROTEs 13%-17%

Strategic Overview

Strategic Overview

Tangible Efficiency Ratio

16

Source: SNL; US Bank Holding Companies reporting as of June 30, 2011

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

110%

120%

130%

140%

150%

160%

170%

180%

190%

200%

2Q11 Tangible Efficiency Ratio -

US BHCs

Tangible

Efficiency Ratio

Less Than 60%

Strategic Overview

Strategic Overview

Asset Quality (NPAs/Total Assets)

17

Top 10%

Source: SNL; US Bank Holding Companies reporting as of June 30, 2011

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

Strategic Overview

Strategic Overview

EPS Growth

18

Double Digit

Growth

Source: SNL; US Bank Holding Companies reporting as of June 30, 2011

-100.0%

-80.0%

-60.0%

-40.0%

-20.0%

0.0%

20.0%

40.0%

60.0%

80.0%

100.0%

EPS Growth 5-Year CAGR -

US BHCs