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): January 25, 2012

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 January 25, 2012, the Registrant announced its results of operations for the three months and year ended December 31, 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 9.01 Financial Statements and Exhibits

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

SIGNATURES

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

	IBERIABANK CORPORATION
DATE: January 25, 2012	By:	/s/    DARYL G. BYRD
		Daryl G. Byrd
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release reporting fourth quarter results dated January 25, 2012, issued by the Registrant.
99.2	Supplemental Materials to fourth quarter earnings conference call

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

January 25, 2012

Contact:

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

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

IBERIABANK Corporation Reports Fourth Quarter Results

LAFAYETTE, LOUISIANA — IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 124-year-old IBERIABANK (www.iberiabank.com), reported operating results for the fourth quarter ended December 31, 2011. For the quarter, the Company reported income available to common shareholders of $17 million and fully diluted earnings per share (“EPS”) of $0.59. 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 in the fourth quarter of 2011 equal to $4 million, or $0.10 per share on an after-tax basis. Excluding the acquisition and conversion costs, EPS in the fourth quarter of 2011 was $0.69 per share. The average analyst estimate for EPS for the fourth quarter of 2011 as reported in First Call was $0.65 per share.

Daryl G. Byrd, President and Chief Executive Officer commented, “Our Company continues to demonstrate tremendous growth and balance sheet strength during this challenging economic period. Our stellar asset quality ratios continued to show significant improvement throughout the year.” Byrd continued, “We are very proud of our investments and many accomplishments in 2011, and we are optimistic regarding our Company’s prospects for 2012. With great excitement, we will be celebrating our institution’s 125^th anniversary on March 12, 2012.”

Highlights for the Fourth Quarter of 2011 and December 31, 2011:

• Loan growth of $262 million, or 5%, between quarter-ends (18% annualized rate), excluding loans, OREO, and other assets covered under FDIC loss share agreements (“Covered Assets”).

• Core deposit growth (excluding time deposits) of $280 million, or 4% (17% annualized growth), compared to September 30, 2011.

• 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 0.87% of total assets at December 31, 2011, compared to 0.89% at September 30, 2011. On that basis, loans past due 30 days or more declined 11%, and restructured loans declined 4% during the fourth quarter of 2011.

• For the year of 2011, net charge-offs excluding Covered Assets were $8 million, or 0.13% of average loans, compared to $27 million, or 0.60% of average loans in 2010.

• Despite the significant improvement in asset quality measures in the legacy and FDIC Covered Assets, the Company incurred net impairment associated with Covered Assets totaling $2 million, or $0.04 per share on an after-tax basis. During the fourth quarter of 2011, the Company also wrote-down four properties formerly used for banking purposes totaling $1 million, or $0.02 per share on an after-tax basis.

• Capital ratios remain strong; At December 31, 2011, the Company’s tangible common equity ratio was 9.52%, tier 1 leverage ratio was 10.45%, and total risk based capital ratio was 16.21%.

1

• At the time of acquisition of OMNI and Cameron, the Company used preliminary estimates to determine the fair values of assets acquired and liabilities assumed. In accordance with generally accepted accounting principles, acquirers have one year to complete analysis on facts and circumstances that existed at acquisition date and refine those estimates. During the fourth quarter of 2011, the Company performed further analysis that included a refinement of future estimated cash flows, review of loan types, refinement of discounts, losses given default, and underlying collateral values. As a result, the Company increased the original amount of goodwill recorded on Cameron at June 30, 2011 by $20 million and reduced loan interest income in the third quarter of 2011 by $1.5 million. The majority of the $20 million increase in goodwill on Cameron was associated with interest rate mark adjustments.

• As a result of the OMNI and Cameron adjustments to loan interest income, the tax-equivalent net interest margin for the third quarter of 2011, was initially reported as 3.62%, was subsequently adjusted to 3.58%. The margin in the fourth quarter of 2011 was 3.62%.

Balance Sheet Summary

Total assets increased $271 million, or 2%, since September 30, 2011, to $11.8 billion at December 31, 2011. Over this period, total loans increased $218 million, or 3%; investment securities decreased $59 million, or 3%; and total deposits increased $99 million, or 1%. Total shareholders’ equity increased $11 million, or 1%, since September 30, 2011, to $1.5 billion at December 31, 2011.

Investments

Total investment securities decreased $59 million during the fourth quarter of 2011, or 3%, to $2.0 billion at December 31, 2011. As a percentage of total assets, the investment portfolio declined from 18% at September 30, 2011, to 17% at December 31, 2011. The investment portfolio had a modified duration of 2.8 years at December 31, 2011, compared to 2.6 years at September 30, 2011. The unrealized gain in the investment portfolio increased from $42 million at September 30, 2011 to $46 million at December 31, 2011. Based on projected prepayment speeds and other assumptions, at December 31, 2011, the portfolio was expected to generate approximately $542 million in cash flows, or about 27% of the portfolio, over the next 12 months. The average yield on investment securities declined 15 basis points on a linked quarter basis, to 2.57% in the fourth quarter of 2011. The Company holds in its investment portfolio primarily government agency and municipal securities. Municipal securities comprised only 11% of the total investment portfolio at December 31, 2011. The Company holds no sovereign debt or foreign derivative exposure and has an immaterial exposure to accelerated bond premium amortization.

Loans

In the fourth quarter of 2011, total loans increased $218 million, or 3%. The loan portfolio associated with the FDIC-assisted acquisitions decreased $44 million, or 3%, compared to September 30, 2011. Excluding loans associated with the FDIC-assisted transactions, total loans increased $262 million, or 5%, over that period (18% annualized rate). On that basis, commercial and business banking loans grew $250 million, or 6% (23% annualized rate), and consumer loans increased $55 million, or 4% (18% annualized rate), while mortgage loans declined $43 million, or 14%, over that period. Between the times at which the acquisitions were completed and December 31, 2011, loans acquired in FDIC-assisted acquisitions decreased by approximately $559 million, or 30%.

Of the $7.4 billion total loan portfolio at December 31, 2011, $1.3 billion (net of discounts), or 18% of total loans, were Covered Assets, which provide considerable protection against credit risk. Approximately $74 million of the impaired loans from OMNI and Cameron at the time of acquisition were marked to estimated fair values.

2

Period-End Loan Volumes ($ in Millions)

	12/31/10			3/31/11			6/30/11			9/30/11			12/31/11
Commercial	$	3,123		$	3,255		$	4,230		$	4,254		$	4,504
Consumer		960			1,003			1,218			1,233			1,288
Mortgage		370			344			235			305			262
Non-FDIC Loans	$	4,453		$	4,602		$	5,683		$	5,792		$	6,054
Covered Assets	$	1,583		$	1,520		$	1,463		$	1,378		$	1,334
Total Loans	$	6,035		$	6,122		$	7,146		$	7,170		$	7,388
Non-FDIC Growth		4	%		3	%		25	%		2	%		5	%

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 four basis points to 5.02%. The increase in this yield was primarily driven by the improvement in the yield on the FDIC covered loans, as the non-FDIC covered loan yield declined eight basis points. The loan yield on FDIC covered loans net of the FDIC indemnification asset was 5.33%, an improvement of 40 basis points on a linked quarter basis. The primary reason for the yield improvement in FDIC covered loans was positive adjustments that will occur from time to time.

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

	4Q 2010					1Q 2011					2Q 2011					3Q 2011					4Q 2011
	Avg Bal		Yield			Avg Bal		Yield			Avg Bal		Yield			Avg Bal		Yield			Avg Bal		Yield
Non Covered Loans	$	4,333		4.94	%	$	4,506		4.89	%	$	5,004		4.92	%	$	5,743		4.99	%	$	5,874		4.91	%
FDIC Covered Loans	$	1,466		10.67	%	$	1,546		14.20	%	$	1,490		10.89	%	$	1,422		7.82	%	$	1,351		16.14	%
FDIC Indemnification Asset		900		-3.75	%		709		-12.37	%		666		-10.88	%		627		-1.63	%		593		-19.31	%
Net Covered Loans	$	2,366		5.14	%	$	2,254		5.74	%	$	2,156		4.08	%	$	2,048		4.93	%	$	1,944		5.33	%

The Company projects the prospective yield and average balance on the net covered loan portfolio in the first quarter of 2012 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 December 31, 2011, of which approximately $0.7 billion, or 22%, were Covered Assets. In addition, these Covered Assets were purchased at substantial discounts.

At December 31, 2011, approximately 12% of the Company’s direct consumer loan portfolio (net of discounts) was Covered Assets and 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 0.88% of total consumer loans at December 31, 2011 (compared to 0.55% at September 30, 2011). At December 31, 2011, legacy home equity loans totaled $509 million, with 1.11% past due 30 days or more (0.81% at September 30, 2011). Legacy home equity lines of credit totaled $340 million, with 0.44% past due 30 days or more (0.25% at September 30, 2011). Annualized net charge-offs in this portfolio were 0.03% of total consumer loans in the fourth quarter of 2011 (0.38% in the third quarter of 2011). The weighted average loan-to-value at origination for this portfolio over the last three years was 67%.

3

The indirect automobile loan portfolio totaled $262 million at December 31, 2011, up $2 million, or 1%, compared to this portfolio at September 30, 2011. At December 31, 2011, this portfolio equated to 4% of total loans and had 1.08% in loans past due 30 days or more (including nonaccruing loans), compared to 0.96% at September 30, 2011. Annualized net charge-offs in the indirect loan portfolio equated to approximately 0.38% of average loans in the fourth quarter of 2011, compared to 0.20% in the third quarter of 2011. Approximately 79% of the indirect automobile portfolio was loans to borrowers in the Acadiana region of Louisiana, which currently experiences a relatively favorable unemployment rate (4.9% in November 2011, the 23^rd 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 December 31, 2011, were $873 million, down $74 million, or 8%, compared to September 30, 2011. Excluding $788 million in NPAs which were Covered Assets or acquired impaired loans marked to fair value, NPAs at December 31, 2011 were $85 million, up $1 million, or 1%, compared to September 30, 2011. On that basis, NPAs were 0.87% of total assets at December 31, 2011, compared to 0.89% of assets at September 30, 2011 and 0.91% one year ago.

Summary Asset Quality Statistics

($ thousands)	IBERIABANK Corp.
	4Q10*			1Q11*			2Q11**			3Q11**			4Q11**
Nonaccruals	$	49,496		$	60,034		$	56,434		$	70,833		$	60,303
OREO & Foreclosed		18,496			17,056			18,461			12,301			21,382
90+ Days Past Due		1,455			454			2,191			1,149			3,580
Nonperforming Assets	$	69,447		$	77,544		$	77,085		$	84,283		$	85,265
NPAs/Assets		0.91	%		1.01	%		0.84	%		0.89	%		0.87	%
NPAs/(Loans + OREO)		1.55	%		1.68	%		1.36	%		1.47	%		1.41	%
LLR/Loans		1.40	%		1.45	%		1.28	%		1.34	%		1.24	%
Net Charge-Offs/Loans		0.96	%		-0.06	%		0.13	%		0.12	%		0.31	%

* 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) decreased $14 million, or 15%, and represented 1.37% of total loans at December 31, 2011, compared to 1.68% of total loans at September 30, 2011. On that basis, loans past due 30-89 days at December 31, 2011 totaled $19 million, or 0.32% of total loans (compared to 0.44% of total loans at September 30, 2011), and troubled debt restructurings at December 31, 2011, totaled $28 million, or 0.46% of total loans (compared to 0.50% of loans at September 30, 2011). Substantially all of the troubled debt restructurings were included in the NPAs at December 31, 2011. The Company reported classified assets excluding Covered Assets totaling $206 million at December 31, 2011, or 1.75% of total assets (compared to $197 million, or 1.71% of total assets, at September 30, 2011). Since year-end 2011, approximately $14 million in classified assets have paid-off in full, including an $11 million loan which was past due and the Company’s second largest classified asset.

4

Loans Past Due

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

	12/31/10			3/31/11			6/30/11			9/30/11			12/31/11
Consolidated (Ex-FDIC Covered Assets and SOP 03-3)
30+ days past due		0.33	%		0.35	%		0.41	%		0.46	%		0.38	%
Non-accrual		1.11	%		1.30	%		0.99	%		1.22	%		0.99	%
Total Past Due		1.44	%		1.65	%		1.40	%		1.68	%		1.37	%
Consolidated (With FDIC Covered Assets)
30+ days past due		2.44	%		2.04	%		1.41	%		1.28	%		1.46	%
Non-accrual		12.10	%		11.89	%		10.17	%		10.36	%		9.11	%
Total Past Due		14.54	%		13.93	%		11.58	%		11.64	%		10.57	%

The Company reported net charge-offs of $5 million in the fourth quarter of 2011, compared to $2 million on a linked quarter basis. The ratio of net charge-offs to average loans was 0.29% in the fourth quarter of 2011 (0.31% excluding Covered Assets and impaired loans acquired at fair value), compared to 0.10% in the third quarter of 2011. The Company recorded a $4 million loan loss provision in the fourth quarter of 2011, down $2 million, or 30%, on a linked quarter basis. The loan loss provision in the fourth quarter was related to organic loan growth, partially offset by reduced provision associated with the improvement in asset quality.

At December 31, 2011, the allowance for loan losses was 2.62% of total loans, compared to 2.45% at September 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 assets and impaired loans that were marked to fair value, the Company’s ratio of loan loss reserves to loans decreased from 1.34% at September 30, 2011, to 1.24% at December 31, 2011. Excluding the Covered Assets and all other acquired loans, the Company’s ratio of loan loss reserve to loans decreased from 1.51% at September 30, 2011 to 1.39% at December 31, 2011. Management considered the loan loss reserve adequate to absorb credit losses inherent in the loan portfolio at December 31, 2011.

Deposits

During the fourth quarter of 2011, total deposits increased $99 million, or 1%. Noninterest bearing deposits climbed $70 million, or 5% (20% annualized rate); NOW accounts increased $189 million, or 11% (45% annualized rate); savings and money market deposits increased $21 million, or 1% (3% annualized rate); and time deposits decreased $181 million, or 7%.

Period-End Deposit Volumes ($ in Millions)

																Mix
	12/31/10			3/31/11			6/30/11			9/30/11			12/31/11			12/31/10			12/31/11
Noninterest	$	879		$	941		$	1,323		$	1,415		$	1,485			11	%		16	%
NOW Accounts		1,282			1,395			1,639			1,688			1,877			16	%		20	%
Savings/MMkt		2,910			2,919			3,284			3,360			3,381			37	%		36	%
Time Deposits		2,844			2,604			2,828			2,727			2,546			36	%		27	%
Total Deposits	$	7,915		$	7,859		$	9,074		$	9,190		$	9,289			100	%		100	%
Growth		-4	%		-1	%		15	%		1	%		1	%

5

Average noninterest bearing deposits increased $87 million, or 6%, and interest-bearing deposits were relatively stable on a linked quarter basis. The rate on average interest bearing deposits in the fourth quarter of 2011 was 0.80%, a decrease of 10 basis points on a linked quarter basis.

Other Interest Bearing Liabilities

On a linked quarter basis, average long-term debt decreased $9 million, or 2%, and the cost of the debt increased 21 basis points to 2.84%. The Company had $192 million of short-term borrowings at December 31, 2011. The cost of average interest bearing liabilities was 0.90% in the fourth quarter of 2011, a decrease of eight basis points on a linked quarter basis. For the month of December 2011, the average cost of interest bearing liabilities was 0.87%.

Capital Position

The Company maintains strong capital ratios. The equity-to-assets ratio was 12.61% at December 31, 2011, compared to 12.81% at September 30, 2011, and 13.00% one year ago. At December 31, 2011, the Company reported a tangible common equity ratio of 9.52%, compared to 9.64% at September 30, 2011 and 10.65% one year ago. The Company’s Tier 1 leverage ratio was 10.45%, compared to 10.42% at September 30, 2011 and 11.24% one year ago. The Company’s total risk-based capital ratio at December 31, 2011 was 16.21%, compared to 16.62% at September 30, 2011 and 19.74% one year ago.

Regulatory Capital Ratios

At December 31, 2011

Capital Ratio	Well Capitalized			IBERIABANK			IBERIABANK Corporation
Tier 1 Leverage		5.00	%		9.00	%		10.45	%
Tier 1 Risk Based		6.00	%		12.88	%		14.94	%
Total Risk Based		10.00	%		14.14	%		16.21	%

On May 31, 2011, the Company acquired both OMNI and Cameron. At the time of these acquisitions, the Company used preliminary estimates (“provisional amounts”) to determine the fair values of many of the assets acquired and liabilities assumed. The Company disclosed in previous press releases and Form 10-Q filings that the estimates used to determine the fair value of the acquired loans were provisional amounts and might change as additional analysis of future cash flows was performed.

The period of time subsequent to the acquisition date for the Company to obtain the information necessary to measure all aspects of the business combinations in accordance with ASC 805 (i.e., to measure and recognize all aspects of the business combinations at acquisition-date fair values) is limited to one year. During this period, the Company may adjust any provisional amounts made for the business combinations based on any additional information subsequently obtained regarding their fair values as of the acquisition date.

During the fourth quarter, the Company performed further analysis of the facts and circumstances that existed at the acquisition date. This analysis included a refinement of the future estimated cash flows, review of loan types, and a refinement of discounts, losses given default and underlying collateral values.

As a result of this analysis, it was determined that the provisional amounts assigned to certain asset values of OMNI and Cameron initially estimated as of the acquisition date should be adjusted. The adjustments were performed retrospectively, as if they had existed at acquisition date. The Company increased the original amount of goodwill recorded in the fiscal quarter ended June 30, 2011 by $20.7 million. Due to the change in provisional amounts of

6

loans relating to this change in goodwill, the associated loan interest income was reduced by $1.5 million in the fiscal quarter ended September 30, 2011. These changes have been reported in the quarterly comparative balance sheet, income statement and tables included in this press release.

These refinements to the OMNI and Cameron acquisition estimates reduced book value per share at September 30, 2011 from $50.19 as originally reported to $50.16 as adjusted, and tangible book value per share at September 30, 2011 from $37.12 as originally reported to $36.41 as adjusted. At December 31, 2011, book value per share was $50.48 and tangible book value per share was $36.80. Based on the closing stock price of the Company’s common stock of $54.35 per share on January 24, 2012, this price equated to 1.08 times December 31, 2011 book value and 1.48 times December 31, 2011 tangible book value per share.

On December 12, 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 2.50%.

On October 26, 2011, the Company announced a share repurchase program totaling 900,000 shares of common stock to be completed over a one-year period. No shares were purchased during the fourth quarter of 2011.

Interest Rate Risk Position

The Company’s interest rate risk modeling at December 31, 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 December 31, 2011, was estimated to increase net interest income over 12 months by approximately 1.4%. Similarly, a 100 basis point decrease in interest rates was expected to decrease net interest income by less than 1%. At December 31, 2011, approximately 50% 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 75% of the Company’s time deposit base will re-price within 12 months from December 31, 2011.

Operating Results

On a linked quarter basis, the average earning asset yield decreased three basis points, while the cost of interest bearing deposits and liabilities decreased 10 and eight basis points, respectively. As a result, the tax-equivalent net interest spread and margin improved five and four basis points, respectively. On a linked quarter basis, tax-equivalent net interest income increased $2 million, or 2%, as average earning assets edged up $53 million, or less than 1%, and the margin improved four basis points.

Quarterly Average Yields/Cost (Taxable Equivalent Basis)

	4Q10			1Q11			2Q11			3Q11			4Q11
Earning Asset Yield		4.16	%		4.47	%		4.17	%		4.39	%		4.36	%
Cost Of Int-Bearing Liabs		1.27	%		1.10	%		1.09	%		0.98	%		0.90	%
Net Interest Spread		2.89	%		3.37	%		3.09	%		3.41	%		3.46	%
Net Interest Margin		3.10	%		3.55	%		3.28	%		3.58	%		3.62	%

Aggregate noninterest income decreased $2 million, or 4%, on a linked quarter basis. The primary reasons for the decline were debit fee income declined $1.1 million, or 36%, service charges on deposit accounts decreased $0.8 million, or 11%, gains on the sale of investments totaling $0.8 million declined $0.4 million, or 34%, and mortgage revenues decreased $0.3 million, or 2%. Revenues from brokerage, trust, capital markets, and title insurance remained relatively unchanged on a linked quarter basis. Trust assets under management were approximately $725 million at December 31, 2011, up $24 million, or 3% compared to September 30, 2011.

7

Results for the fourth quarter were negatively impacted by reordering the posting sequence for electronic debit transactions associated with the settlement of the previously disclosed class action law suit and reduced debit card interchange fee income associated with implementation of Durbin Amendment provisions of the Dodd-Frank Act. The impact of the reordering was approximately $1.1 million, or $0.02 per share on an after-tax basis, and the Durbin Amendment debit card transaction impact was approximately $0.9 million, or $0.02 per share on an after-tax basis. The Company has undertaken revenue enhancements, the effects of which beginning in 2012 are expected to partially mitigate the revenue decline experienced in the fourth quarter of 2011 due to the above mentioned factors.

The Company originated $1.7 billion in mortgage loans in 2011, down 6% compared to 2010. In the fourth quarter of 2011, the Company originated $516 million in mortgage loans, up $12 million, or 2%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 48% of mortgage loan applications in the fourth quarter of 2011, compared to 37% in the third quarter of 2011, and approximately 47% between December 31, 2011, and January 20, 2012. The Company sold $495 million in mortgage loans during the fourth quarter of 2011, up $48 million, or 11%, compared to the third quarter of 2011. Sales margins and gains on the sale of mortgage loans remained fairly stable on a linked quarter basis. The mortgage origination pipeline was approximately $131 million at December 31, 2011, compared to $229 million at September 30, 2011, and approximately $158 million at January 20, 2012. Mortgage loan repurchases and make-whole payments were $0.7 million in the fourth quarter of 2011 compared to less than $0.3 million in each of the three prior quarters of 2011.

Noninterest expense increased $0.2 million, or less than 1%, on a linked quarter basis. Excluding acquisition and conversion-related costs, noninterest expense increased $2 million, or 2%, over that period. On that basis, mortgage commissions increased $1.0 million on a linked quarter basis, or 31%, legal and professional expense climbed $0.9 million, or 32%, marketing and business development expense increased $0.8 million, or 38%, and computer service expense increased $0.6 million, or 25%.

In the third quarter of 2011, the Company incurred costs totaling approximately $3 million in association with a then potential settlement of a class action lawsuit and a trust preferred securities prepayment premium; no similar costs were incurred in the fourth quarter of 2011. In the fourth quarter of 2011, the Company incurred costs totaling $0.9 million associated with the write-down of four facilities (three of which were acquired in prior acquisitions), and $0.5 million associated with the impairment of a revenue bond.

The tangible efficiency ratio of IBERIABANK, excluding acquisition and conversion costs, was approximately 68% in the fourth quarter of 2011, compared to 67% in the third quarter of 2011.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 263 combined offices, including 173 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 24 title insurance offices in Arkansas and Louisiana, mortgage representatives in 59 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 three branch offices since September 30, 2011, in Memphis, Tennessee, Hoover and Mountain Brook, Alabama, and a new mortgage office in Fort Lauderdale.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.6 billion, based on the NASDAQ closing stock price on January 24, 2012.

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

• FIG Partners, LLC

• Guggenheim Partners

• Jefferies & Co., Inc.

• Keefe, Bruyette & Woods

8

• 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 Wednesday, January 25, 2012, beginning at 9:00 a.m. Central Time by dialing 1-800-230-1096. The confirmation code for the call is 231990. A replay of the call will be available until midnight Central Time on February 1, 2012 by dialing 1-800-475-6701. The confirmation code for the replay is 231990. The Company has prepared a PowerPoint presentation that supplements information contained in this press release. The PowerPoint presentation may be accessed on the Company’s web site, www.iberiabank.com, under “Investor Relations” and then “Presentations.”

Non-GAAP Financial Measures

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

Forward Looking Statements

To the extent that statements in this press release relate to future plans, objectives, financial results or performance of IBERIABANK Corporation, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management’s current information, estimates and assumptions and the current economic environment, are generally identified by the use of the words “plan”, “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. IBERIABANK Corporation’s actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties.

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,

9

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.

10

IBERIABANK CORPORATION

FINANCIAL HIGHLIGHTS

	For The Quarter Ended									For The Quarter Ended
	December 31,									September 30,
	2011			2010			% Change			2011			% Change
Income Data (in thousands):
Net Interest Income	$	92,573		$	72,349			28	%	$	90,971			2	%
Net Interest Income (TE) (1)		94,918			73,934			28	%		93,314			2	%
Net Income		17,357			13,042			33	%		16,347			6	%
Earnings Available to Common Shareholders- Basic		17,357			13,042			33	%		16,347			6	%
Earnings Available to Common Shareholders- Diluted		17,050			12,781			33	%		16,057			6	%
Per Share Data:
Earnings Available to Common Shareholders - Basic	$	0.59		$	0.49			22	%	$	0.55			8	%
Earnings Available to Common Shareholders - Diluted		0.59			0.48			23	%		0.54			8	%
Book Value Per Share		50.48			48.50			4	%		50.16			1	%
Tangible Book Value Per Common Share (2)		36.80			38.68			(5	%)		36.41			1	%
Cash Dividends		0.34			0.34			—			0.34			—
Closing Stock Price		49.30			59.13			(17	%)		47.06			5	%
Key Ratios: (3)
Operating Ratios:
Return on Average Assets		0.59	%		0.50	%					0.56	%
Return on Average Common Equity		4.65	%		3.94	%					4.31	%
Return on Average Tangible Common Equity (2)		6.72	%		5.26	%					6.22	%
Net Interest Margin (TE) (1)		3.62	%		3.10	%					3.58	%
Efficiency Ratio		77.9	%		73.5	%					77.7	%
Tangible Efficiency Ratio (TE) (1) (2)		75.2	%		70.9	%					75.0	%
Full-time Equivalent Employees		2,582			2,122						2,541
Capital Ratios:
Tangible Common Equity Ratio		9.52	%		10.65	%					9.64	%
Tangible Common Equity to Risk-Weighted Assets		13.86	%		17.00	%					14.21	%
Tier 1 Leverage Ratio		10.45	%		11.24	%					10.42	%
Tier 1 Capital Ratio		14.94	%		18.48	%					15.35	%
Total Risk Based Capital Ratio		16.21	%		19.74	%					16.62	%
Common Stock Dividend Payout Ratio		57.5	%		70.1	%					61.0	%
Asset Quality Ratios:
Excluding FDIC Covered Assets and acquired impaired loans
Nonperforming Assets to Total Assets (4)		0.87	%		0.91	%					0.89	%
Allowance for Loan Losses to Loans		1.24	%		1.40	%					1.34	%
Net Charge-offs to Average Loans		0.31	%		0.96	%					0.12	%
Nonperforming Assets to Total Loans and OREO (4)		1.41	%		1.55	%					1.47	%

	For The Quarter Ended				For The Quarter Ended
	December 31,				September 30,		June 30,		March 31,
	2011		2011		2011		2011		2011
Balance Sheet Summary (in thousands):	End of Period		Average		Average		Average		Average
Excess Liquidity (5)	$	379,125	$	328,869	$	217,447	$	104,819	$	217,017
Total Investment Securities		1,997,969		2,051,564		2,152,993		2,061,814		2,030,287
Loans, Net of Unearned Income		7,388,037		7,224,613		7,164,164		6,493,790		6,051,841
Loans, Net of Unearned Income, Excluding Covered Loans and SOP 03-3		6,017,210		5,850,558		5,679,590		4,979,056		4,506,308
Total Assets		11,757,927		11,585,185		11,506,895		10,438,931		10,005,614
Total Deposits		9,289,013		9,252,647		9,169,770		8,246,544		7,893,757
Total Shareholders’ Equity		1,482,661		1,480,538		1,505,355		1,387,239		1,313,138

⁽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)

	December 31,									(1) September 30,
	2011			2010			% Change			2011			% Change
BALANCE SHEET (End of Period)
ASSETS
Cash and Due From Banks	$	194,171		$	94,941			104.5	%	$	206,464			(6.0	%)
Interest-bearing Deposits in Banks		379,125			242,837			56.1	%		263,924			43.6	%
Total Cash and Equivalents		573,296			337,778			69.7	%		470,388			21.9	%
Investment Securities Available for Sale		1,805,205			1,729,794			4.4	%		1,776,827			1.6	%
Investment Securities Held to Maturity		192,764			290,020			(33.5	%)		280,533			(31.3	%)
Total Investment Securities		1,997,969			2,019,814			(1.1	%)		2,057,360			(2.9	%)
Mortgage Loans Held for Sale		153,013			83,905			82.4	%		131,726			16.2	%
Loans, Net of Unearned Income		7,388,037			6,035,332			22.4	%		7,169,642			3.0	%
Allowance for Loan Losses		(193,761	)		(136,100	)		42.4	%		(175,320	)		10.5	%
Loans, net		7,194,276			5,899,232			22.0	%		6,994,322			2.9	%
Loss Share Receivable		591,844			726,871			(18.6	%)		601,862			(1.7	%)
Premises and Equipment		285,607			208,403			37.0	%		280,709			1.7	%
Goodwill and Other Intangibles		401,888			264,110			52.2	%		403,275			(0.3	%)
Other Assets		560,034			486,653			15.1	%		547,052			2.4	%
Total Assets	$	11,757,927		$	10,026,766			17.3	%	$	11,486,694			2.4	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	1,485,058		$	878,768			69.0	%	$	1,414,520			5.0	%
NOW Accounts		1,876,797			1,281,825			46.4	%		1,688,310			11.2	%
Savings and Money Market Accounts		3,381,502			2,910,114			16.2	%		3,359,711			0.6	%
Certificates of Deposit		2,545,656			2,844,399			(10.5	%)		2,727,488			(6.7	%)
Total Deposits		9,289,013			7,915,106			17.4	%		9,190,029			1.1	%
Short-term Borrowings		192,000			—			100.00	%		—			100.00	%
Securities Sold Under Agreements to Repurchase		203,543			220,328			(7.6	%)		214,824			(5.3	%)
Trust Preferred Securities		111,862			111,250			0.6	%		111,862			0.0	%
Other Long-term Debt		340,871			321,001			6.2	%		350,120			(2.6	%)
Other Liabilities		137,977			155,623			(11.3	%)		148,569			(7.1	%)
Total Liabilities		10,275,266			8,723,308			17.8	%		10,015,404			2.6	%
Total Shareholders’ Equity		1,482,661			1,303,458			13.7	%		1,471,290			0.8	%
Total Liabilities and Shareholders’ Equity	$	11,757,927		$	10,026,766			17.3	%	$	11,486,694			2.4	%
	December 31, 2011			(1) September 30, 2011			(1) June 30, 2011			March 31, 2011			December 31, 2010
BALANCE SHEET (Average)
ASSETS
Cash and Due From Banks	$	188,517		$	199,610		$	157,412		$	145,062		$	100,550
Interest-bearing Deposits in Banks		328,869			217,423			104,800			211,773			608,927
Investment Securities		2,051,564			2,152,993			2,061,814			2,030,287			2,014,934
Mortgage Loans Held for Sale		131,787			87,769			56,783			47,883			127,723
Loans, Net of Unearned Income		7,224,613			7,164,164			6,493,790			6,051,841			5,799,144
Allowance for Loan Losses		(167,433	)		(172,030	)		(147,889	)		(135,525	)		(129,082	)
Loss Share Receivable		592,985			626,551			666,159			708,809			899,558
Other Assets		1,234,283			1,230,415			1,046,062			945,484			947,860
Total Assets	$	11,585,185		$	11,506,895		$	10,438,931		$	10,005,614		$	10,369,614
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	1,455,097		$	1,368,014		$	1,090,281		$	901,529		$	881,634
NOW Accounts		1,718,337			1,682,568			1,472,547			1,338,437			1,269,316
Savings and Money Market Accounts		3,413,278			3,350,035			3,053,046			2,922,483			2,995,002
Certificates of Deposit		2,665,935			2,769,153			2,630,670			2,731,308			2,988,638
Total Deposits		9,252,647			9,169,770			8,246,544			7,893,757			8,134,590
Short-term Borrowings		4,337			—			21,919			—			3,234
Securities Sold Under Agreements to Repurchase		218,926			218,290			200,565			216,494			233,116
Trust Preferred Securities		111,862			111,862			106,944			109,119			111,292
Long-term Debt		343,687			352,610			315,570			307,964			324,528
Other Liabilities		173,188			149,008			160,150			165,142			248,671
Total Liabilities		10,104,647			10,001,540			9,051,692			8,692,476			9,055,431
Total Shareholders’ Equity		1,480,538			1,505,355			1,387,239			1,313,138			1,314,183
Total Liabilities and Shareholders’ Equity	$	11,585,185		$	11,506,895		$	10,438,931		$	10,005,614		$	10,369,614

(1) As a result of additional information relating to facts and circumstances that existed at the time of the intital valuation, the Company has recorded adjustments to certain September 30, 2011 and June 30, 2011 balances to account for its updated goodwill valuation based on additional information available during the current quarter. The Company updated its acquired loan and OREO valuations in the current quarter for OMNI and Cameron, resulting in an increase in goodwill of $19.7 million. Average balances for the respective accounts have also been revised.

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Three Months Ended
	December 31,									September 30,
	2011			2010			% Change			2011 (2)			% Change
INCOME STATEMENT
Interest Income	$	111,799		$	97,716			14.4	%	$	111,966			(0.1	%)
Interest Expense		19,226			25,367			(24.2	%)		20,995			(8.4	%)
Net Interest Income		92,573			72,349			28.0	%		90,971			1.8	%
Provision for Loan Losses		4,278			11,224			(61.9	%)		6,127			(30.2	%)
Net Interest Income After Provision for Loan Losses		88,295			61,125			44.4	%		84,844			4.1	%
Service Charges		6,613			6,013			10.0	%		7,448			(11.2	%)
ATM / Debit Card Fee Income		1,997			2,673			(25.3	%)		3,132			(36.2	%)
BOLI Proceeds and Cash Surrender Value Income		899			947			(5.1	%)		924			(2.7	%)
Gain on Acquisition		—			—			0.0	%		—			0.0	%
Gain on Sale of Loans, net		13,173			16,172			(18.5	%)		13,438			(2.0	%)
Gain (Loss) on Sale of Investments, net		793			93			753.4	%		1,206			(34.3	%)
Title Revenue		4,846			4,715			2.8	%		4,900			(1.1	%)
Broker Commissions		2,457			2,326			5.6	%		2,501			(1.7	%)
Other Noninterest Income		4,677			5,113			(8.5	%)		3,571			31.0	%
Total Noninterest Income		35,455			38,052			(6.8	%)		37,120			(4.5	%)
Salaries and Employee Benefits		51,416			45,160			13.9	%		52,679			(2.4	%)
Occupancy and Equipment		14,404			9,343			54.2	%		14,017			2.8	%
Amortization of Acquisition Intangibles		1,384			1,340			3.2	%		1,385			(0.1	%)
Other Noninterest Expense		32,522			25,259			28.8	%		31,485			3.3	%
Total Noninterest Expense		99,726			81,102			23.0	%		99,566			0.2	%
Income Before Income Taxes		24,024			18,075			32.9	%		22,398			7.3	%
Income Taxes		6,667			5,033			32.5	%		6,051			(10.2	%)
Net Income	$	17,357		$	13,042			33.1	%	$	16,347			6.2	%
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		17,357			13,042			33.1	%		16,347			6.2	%
Earnings Allocated to Unvested Restricted Stock		(307	)		(261	)		17.5	%		(290	)		5.6	%
Earnings Available to Common Shareholders - Diluted		17,050			12,781			33.4	%		16,057			6.2	%
Earnings Per Share, diluted	$	0.59		$	0.48			22.5	%	$	0.54			8.5	%
Impact of Merger-related Expenses	$	0.10		$	0.04			126.0	%	$	0.12			(23.8	%)
Earnings Per Share, diluted, Excluding Merger-related Expenses	$	0.69		$	0.52			30.8	%	$	0.66			4.0	%
NUMBER OF SHARES OUTSTANDING
Basic Shares (Average)		29,307,297			26,844,077			9.2	%		29,908,906			(2.0	%)
Diluted Shares (Average)		28,857,342			26,498,060			8.9	%		29,472,519			(2.1	%)
Book Value Shares (Period End) (1)		29,373,905			26,874,613			9.3	%		29,332,856			0.1	%

	2011												2010
	Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter
INCOME STATEMENT
Interest Income	$	111,799		$	111,966		$	97,127		$	99,434		$	97,716
Interest Expense		19,226			20,995			21,162			20,686			25,367
Net Interest Income		92,573			90,971			75,965			78,748			72,349
Provision for Loan Losses		4,278			6,127			9,990			5,471			11,224
Net Interest Income After Provision for Loan Losses		88,295			84,844			65,975			73,277			61,125
Total Noninterest Income		35,455			37,120			30,988			28,295			38,052
Total Noninterest Expense		99,727			99,566			92,706			81,732			81,102
Income Before Income Taxes		24,023			22,398			4,257			19,840			18,075
Income Taxes		6,667			6,051			(929	)		5,193			5,033
Net Income	$	17,357		$	16,347		$	5,186		$	14,647		$	13,042
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		17,357			16,347			5,186			14,647			13,042
Earnings Allocated to Unvested Restricted Stock		(307	)		(290	)		(291	)		(291	)		(261	)
Earnings Available to Common Shareholders - Diluted	$	17,050		$	16,057		$	4,895		$	14,356		$	12,781
Earnings Per Share, basic	$	0.59		$	0.55		$	0.19		$	0.54		$	0.49
Earnings Per Share, diluted	$	0.59		$	0.54		$	0.18		$	0.54		$	0.48
Book Value Per Common Share	$	50.48		$	50.16		$	49.88		$	48.68		$	48.50
Tangible Book Value Per Common Share	$	36.80		$	36.41		$	38.53		$	38.95		$	38.68
Return on Average Assets		0.59	%		0.56	%		0.20	%		0.59	%		0.50	%
Return on Average Common Equity		4.65	%		4.31	%		1.50	%		4.52	%		3.94	%
Return on Average Tangible Common Equity		6.72	%		6.22	%		2.24	%		5.95	%		5.26	%

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

(2) As a result of additional information, the Company has recorded adjustments to certain September 30, 2011 amounts to account for its updated goodwill valuation based on additional information available during the current quarter. The Company updated its acquired loan and OREO valuations in the current quarter, resulting in a decrease in interest income and income tax expense of $1.5 million and $0.5 million, respectively, for the three months ended September 30, 2011. Affected ratios and per share amounts have also been revised.

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Year Ended
	December 31,
	2011			2010			% Change
INCOME STATEMENT
Interest Income	$	420,327		$	396,371			6.0	%
Interest Expense		82,069			114,744			(28.5	%)
Net Interest Income		338,258			281,627			20.1	%
Provision for Loan Losses		25,867			42,451			(39.1	%)
Net Interest Income After Provision for Loan Losses		312,391			239,176			30.6	%
Service Charges		25,915			24,375			6.3	%
ATM / Debit Card Fee Income		11,008			10,117			8.8	%
BOLI Proceeds and Cash Surrender Value Income		3,296			3,100			6.3	%
Gain on Acquisition		—			3,781			(100.0	%)
Gain on Sale of Loans, net		44,892			47,689			(5.9	%)
Gain (Loss) on Sale of Investments, net		3,475			5,251			(33.8	%)
Title Revenue		18,048			18,083			(0.2	%)
Broker Commissions		10,224			7,530			35.8	%
Other Noninterest Income		15,001			13,964			7.4	%
Total Noninterest Income		131,859			133,890			(1.5	%)
Salaries and Employee Benefits		193,773			161,482			20.0	%
Occupancy and Equipment		49,600			33,837			46.6	%
Amortization of Acquisition Intangibles		5,121			4,935			3.8	%
Other Noninterest Expense		125,237			103,995			20.4	%
Total Noninterest Expense		373,731			304,249			22.8	%
Income Before Income Taxes		70,519			68,817			2.5	%
Income Taxes		16,981			19,991			(15.1	%)
Net Income	$	53,538		$	48,826			9.7	%
Preferred Stock Dividends		—			—			—
Earnings Available to Common Shareholders - Basic		53,538			48,826			9.7	%
Earnings Allocated to Unvested Restricted Stock		(966	)		(978	)		(1.2	%)
Earnings Available to Common Shareholders - Diluted		52,572			47,848			9.9	%
Earnings Per Share, diluted	$	1.87		$	1.88			(0.9	%)
Impact of Merger-related Expenses	$	0.41		$	0.23			76.5	%
Earnings Per Share, diluted, Excluding Merger-related Expenses	$	2.28		$	2.11			75.7	%

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	December 31,									September 30,
	2011			2010			% Change			2011			% Change
LOANS RECEIVABLE
Residential Mortgage Loans:
Residential 1-4 Family	$	462,454		$	616,550			(25.0	%)	$	490,737			(5.8	%)
Construction/ Owner Occupied		16,143			14,822			8.9	%		17,256			(6.4	%)
Total Residential Mortgage Loans		478,597			631,372			(24.2	%)		507,993			(5.8	%)
Commercial Loans:
Real Estate		3,334,582			2,647,107			26.0	%		3,312,138			0.7	%
Business		2,045,399			1,515,856			34.9	%		1,872,710			9.2	%
Total Commercial Loans		5,379,982			4,162,963			29.2	%		5,184,848			3.8	%
Consumer Loans:
Indirect Automobile		261,707			255,322			2.5	%		260,002			0.7	%
Home Equity		1,066,349			834,840			27.7	%		1,022,292			4.3	%
Automobile		38,600			31,266			23.5	%		36,753			5.0	%
Credit Card Loans		48,732			44,071			10.6	%		45,700			6.6	%
Other		114,070			75,500			51.1	%		112,055			1.8	%
Total Consumer Loans		1,529,458			1,240,998			23.2	%		1,476,802			3.6	%
Total Loans Receivable		7,388,037			6,035,332			22.4	%		7,169,642			3.0	%
Allowance for Loan Losses		(193,761	)		(136,100	)					(175,320	)
Loans Receivable, Net	$	7,194,276		$	5,899,232					$	6,994,322

	December 31,									September 30,
	2011			2010			% Change			2011			% Change
ASSET QUALITY DATA (1)
Nonaccrual Loans	$	719,236		$	816,244			(11.9	%)	$	805,247			(10.7	%)
Foreclosed Assets		4			163			(97.8	%)		32			(88.6	%)
Other Real Estate Owned		125,042			69,054			81.1	%		117,611			6.3	%
Accruing Loans More Than 90 Days Past Due		29,003			53,112			(45.4	%)		24,741			17.2	%
Total Nonperforming Assets	$	873,285		$	938,573			(7.0	%)	$	947,631			(7.8	%)
Loans 30-89 Days Past Due		86,467			111,345			(22.3	%)		74,604			15.9	%
Nonperforming Assets to Total Assets		7.43	%		9.36	%		(20.6	%)		8.25	%		(9.9	%)
Nonperforming Assets to Total Loans and OREO		11.62	%		15.37	%		(24.4	%)		13.00	%		(10.6	%)
Allowance for Loan Losses to Nonperforming Loans (4)		25.9	%		15.7	%		65.4	%		21.1	%		22.6	%
Allowance for Loan Losses to Nonperforming Assets		22.2	%		14.5	%		53.0	%		18.5	%		19.9	%
Allowance for Loan Losses to Total Loans		2.62	%		2.26	%		16.3	%		2.45	%		7.3	%
Year to Date Charge-offs	$	16,535		$	33,858			(51.2	%)	$	10,186			N/M
Year to Date Recoveries		(8,351	)		(6,818	)		22.5	%		(7,352	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	8,184		$	27,040			(69.7	%)	$	2,834			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	5,350		$	10,506			(49.1	%)	$	1,880			184.7	%

⁽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

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	December 31,									September 30,
	2011			2010			% Change			2011			% Change
LOANS RECEIVABLE (Ex-Covered Assets and Acquired Impaired Loans) (1)
Residential Mortgage Loans:
Residential 1-4 Family	$	257,635		$	355,164			(27.5	%)	$	278,991			(7.7	%)
Construction/ Owner Occupied		16,143			14,822			8.9	%		17,256			(6.4	%)
Total Residential Mortgage Loans		273,778			369,986			(26.0	%)		296,247			(7.6	%)
Commercial Loans:
Real Estate		2,592,008			1,781,758			45.5	%		2,487,885			4.2	%
Business		1,869,990			1,341,338			39.4	%		1,723,423			8.5	%
Total Commercial Loans		4,461,998			3,123,096			42.9	%		4,211,308			6.0	%
Consumer Loans:
Indirect Automobile		261,547			255,322			2.4	%		259,789			0.7	%
Home Equity		824,873			555,749			48.4	%		773,388			6.7	%
Automobile		38,560			31,266			23.3	%		36,716			5.0	%
Credit Card Loans		47,763			42,916			11.3	%		44,710			6.8	%
Other		108,692			74,250			46.4	%		110,340			(1.5	%)
Total Consumer Loans		1,281,434			959,503			33.6	%		1,224,943			4.6	%
Total Loans Receivable		6,017,210			4,452,585			35.2	%		5,732,498			5.0	%
Allowance for Loan Losses		(74,862	)		(62,460	)					(76,864	)
Loans Receivable, Net	$	5,942,349		$	4,390,125					$	5,655,634

	December 31,									September 30,
	2011			2010			% Change			2011			% Change
ASSET QUALITY DATA (Ex-Covered Assets and Acquired Impaired Loans) (1)
Nonaccrual Loans	$	60,303		$	49,496			21.8	%	$	70,833			(14.9	%)
Foreclosed Assets		4			9			(59.8	%)		32			(88.6	%)
Other Real Estate Owned		21,378			18,487			15.6	%		12,269			74.3	%
Accruing Loans More Than 90 Days Past Due		3,580			1,455			146.1	%		1,149			211.4	%
Total Nonperforming Assets	$	85,265		$	69,447			22.8	%	$	84,283			1.2	%
Loans 30-89 Days Past Due		19,455			13,311			46.2	%		25,678			(24.2	%)
Troubled Debt Restructurings (2)		27,855			17,471			59.4	%		29,105			(4.3	%)
Current Troubled Debt Restructurings (3)		161			10,215			(98.4	%)		1,415			(88.6	%)
Nonperforming Assets to Total Assets		0.87	%		0.91	%		(4.1	%)		0.89	%		(2.3	%)
Nonperforming Assets to Total Loans and OREO		1.41	%		1.55	%		(9.2	%)		1.47	%		(3.6	%)
Allowance for Loan Losses to Nonperforming Loans (4)		117.2	%		122.6	%		(4.4	%)		106.8	%		9.7	%
Allowance for Loan Losses to Nonperforming Assets		87.8	%		89.9	%		(2.4	%)		91.2	%		(3.7	%)
Allowance for Loan Losses to Total Loans		1.24	%		1.40	%		(11.3	%)		1.34	%		(6.9	%)
Year to Date Charge-offs	$	15,398		$	33,533			(54.1	%)	$	9,786			N/M
Year to Date Recoveries		(7,825	)		(6,816	)		14.8	%		(6,836	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	7,573		$	26,717			(71.7	%)	$	2,950			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	4,622		$	10,472			(55.9	%)	$	1,711			170.2	%

⁽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

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	December 31, 2011						September 30, 2011						December 31, 2010
	Average Balance			Average Yield/Rate (%)			Average Balance (3)			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	492,262			7.00	%	$	526,668			7.14	%	$	637,748			7.12	%
Commercial Loans (TE) (1)		5,235,122			7.22	%		5,168,460			5.14	%		3,928,998			6.02	%
Consumer and Other Loans		1,497,229			6.29	%		1,469,036			6.43	%		1,232,398			7.08	%
Total Loans		7,224,613			7.01	%		7,164,164			5.55	%		5,799,144			6.37	%
Loss Share Receivable		592,985			-19.31	%		626,551			-1.63	%		899,558			-3.75	%
Total Loans and Loss Share Receivable		7,817,598			5.02	%		7,790,715			4.98	%		6,698,702			5.01	%
Mortgage Loans Held for Sale		131,787			3.21	%		87,769			4.19	%		127,723			3.08	%
Investment Securities (TE) (1)(2)		1,985,826			2.57	%		2,110,070			2.72	%		1,946,658			2.60	%
Other Earning Assets		385,158			0.68	%		278,771			0.78	%		678,245			0.42	%
Total Earning Assets		10,320,369			4.36	%		10,267,325			4.39	%		9,451,328			4.16	%
Allowance for Loan Losses		(167,433	)					(172,030	)					(129,082	)
Nonearning Assets		1,432,249						1,411,600						1,047,368
Total Assets	$	11,585,185					$	11,506,895					$	10,369,614
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts	$	1,718,337			0.41	%	$	1,682,568			0.45	%	$	1,269,316			0.59	%
Savings and Money Market Accounts		3,413,278			0.55	%		3,350,035			0.69	%		2,995,002			0.91	%
Certificates of Deposit		2,665,935			1.38	%		2,769,153			1.43	%		2,988,638			1.75	%
Total Interest-bearing Deposits		7,797,550			0.80	%		7,801,756			0.90	%		7,252,956			1.20	%
Short-term Borrowings		223,263			0.27	%		218,290			0.28	%		236,350			0.32	%
Long-term Debt		455,549			2.84	%		464,472			2.63	%		435,820			2.95	%
Total Interest-bearing Liabilities		8,476,362			0.90	%		8,484,518			0.98	%		7,925,126			1.27	%
Noninterest-bearing Demand Deposits		1,455,097						1,368,014						881,634
Noninterest-bearing Liabilities		173,188						149,008						248,672
Total Liabilities		10,104,647						10,001,540						9,055,432
Shareholders’ Equity		1,480,538						1,505,355						1,314,182
Total Liabilities and Shareholders’ Equity	$	11,585,185					$	11,506,895					$	10,369,614
Net Interest Spread	$	92,573			3.46	%	$	90,971			3.41	%	$	72,349			2.89	%
Tax-equivalent Benefit		2,345			0.09	%		2,343			0.09	%		1,585			0.08	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	94,918			3.62	%	$	93,314			3.58	%	$	73,934			3.10	%

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

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

⁽³⁾ The Company has recorded adjustments to certain September 30, 2011 average balances and yields on earning assets to account for its updated goodwill valuation based on additional information available during the current quarter.

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Year Ended
	December 31, 2011						December 31, 2010
	Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	550,364			6.97	%	$	809,515			6.83	%
Commercial Loans (TE) (1)		4,787,680			6.41	%		3,798,264			5.90	%
Consumer and Other Loans		1,399,953			6.55	%		1,139,275			6.65	%
Total Loans		6,737,997			6.49	%		5,747,054			6.18	%
Loss Share Receivable		648,248			-10.97	%		927,758			-1.38	%
Total Loans and Loss Share Receivable		7,386,245			5.57	%		6,674,812			5.74	%
Mortgage Loans Held for Sale		81,304			4.28	%		98,548			4.00	%
Investment Securities (TE) (1)(2)		2,036,071			2.65	%		1,727,531			3.00	%
Other Earning Assets		277,152			0.74	%		875,937			0.32	%
Total Earning Assets		9,780,772			4.35	%		9,376,828			4.27	%
Allowance for Loan Losses		(155,851	)					(85,231	)
Nonearning Assets		1,265,552						1,011,545
Total Assets	$	10,890,473					$	10,303,142
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts	$	1,554,368			0.49	%	$	1,323,367			0.69	%
Savings and Money Market Accounts		3,186,508			0.69	%		2,759,442			1.29	%
Certificates of Deposit		2,699,279			1.52	%		3,096,524			1.65	%
Total Interest-bearing Deposits		7,440,155			0.95	%		7,179,333			1.33	%
Short-term Borrowings		220,146			0.26	%		216,116			0.37	%
Long-term Debt		440,077			2.45	%		593,942			3.02	%
Total Interest-bearing Liabilities		8,100,378			1.01	%		7,989,391			1.43	%
Noninterest-bearing Demand Deposits		1,205,697						841,739
Noninterest-bearing Liabilities		162,142						222,247
Total Liabilities		9,468,217						9,053,377
Shareholders’ Equity		1,422,256						1,249,765
Total Liabilities and Shareholders’ Equity	$	10,890,473					$	10,303,142
Net Interest Spread	$	338,258			3.34	%	$	281,627			2.84	%
Tax-equivalent Benefit		8,178			0.09	%		7,778			0.08	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)	$	346,436			3.51	%	$	289,405			3.05	%

⁽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
	December 31, 2011			September 30, 2011			December 31, 2010
Net Interest Income	$	92,573		$	90,971		$	72,349
Effect of Tax Benefit on Interest Income		2,345			2,343			1,585
Net Interest Income (TE) (1)		94,918			93,314			73,934
Noninterest Income		35,455			37,120			38,052
Effect of Tax Benefit on Noninterest Income		484			498			510
Noninterest Income (TE) (1)		35,939			37,618			38,562
Total Revenues (TE) (1)	$	130,857		$	130,932		$	112,496
Total Noninterest Expense	$	99,727		$	99,566		$	81,102
Less Intangible Amortization Expense		(1,384	)		(1,385	)		(1,340	)
Tangible Operating Expense (2)	$	98,342		$	98,181		$	79,762
Return on Average Common Equity		4.65	%		4.31	%		3.94	%
Effect of Intangibles (2)		2.07	%		1.91	%		1.32	%
Return on Average Tangible Common Equity (2)		6.72	%		6.22	%		5.26	%
Efficiency Ratio		77.9	%		77.7	%		73.5	%
Effect of Tax Benefit Related to Tax Exempt Income		(1.7	%)		(1.7	%)		(1.4	%)
Efficiency Ratio (TE) (1)		76.2	%		76.0	%		72.1	%
Effect of Amortization of Intangibles		(1.1	%)		(1.0	%)		(1.2	%)
Tangible Efficiency Ratio (TE) (1) (2)		75.2	%		75.0	%		70.9	%

⁽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

4Q11 Earnings Conference Call

4Q11 Earnings Conference Call

Supplemental Materials

January 25, 2012

January 25, 2012

Exhibit 99.2

Safe Harbor Language

Safe Harbor Language

2

Introductory Comments

3

Introductory Comments

Summary –

Position

•

Stable Balance Sheet Composition

•

Very Balanced; Core Funded; Low C&D Exposure

•

Continued Good Asset Quality; Extraordinary Capital

•

Well Positioned On Interest Rates And Credit Risk

•

Favorable Capital Ratios of Bank Holding Companies With

More Than $5 Billion in Assets

•

Legacy Deposit Growth in 4Q11 And Improved Deposit Mix

•

Future Growth Engines in Multiple Markets

•

Strategic Recruiting Continued During The 4

th

Quarter

•

Fortunately, We Avoided What Ails The Banking Industry

•

Remain Well Positioned For Future Opportunities

4

Financial Overview

6

Financial Overview

Summary –

4Q11 and 12/31/11

•

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

•

Credit Quality Statistics Excluding FDIC Covered Assets And

Acquired Assets Marked To Fair Value:

•

NPA/Assets = 0.87% (0.89% in 3Q11)

•

30+ Days Past Due = 1.37% (1.68% in 3Q11)

•

Loan Loss Reserve/Loans = 1.24% (1.34% in 3Q11)

•

Net COs/Average Loans = 0.31% (0.12% in 3Q11)

•

Provision = $4mm ($6mm in 3Q11)

•

Reported EPS Of $0.59, Up 9% from 3Q11.  Significant Items

Impacting 4Q11 Results Include:

7

•

Bond Portfolio Gains = +$0.8mm or $0.02

•

Durbin Amendment = -$0.9mm or $0.02

•

Posting Sequencing = -$1.1mm or $0.02

•

Merger/Conversion Costs = $4.3mm or $0.10

•

Property Write-Downs = $0.8mm or $0.02

•

Revenue Bond Impairment = $0.5mm or $0.01

•

FDIC Loan Pool Impairment = $1.6mm or $0.04

Financial Overview

Favorable Balance Sheet Growth

8

Cash and

Equivalents,

5%

Investment

Securities,

17%

Mortgage

Loans Held

For Sale, 1%

Acquired

Loans -

Fair

Value, 0.2%

Loans -

FDIC

Covered, 11%

FDIC Loss

Share

Receivable,

5%

Loans -

Noncovered,

51%

Other Assets,

9%

Financial Overview

Low Risk Balance Sheet At December 31, 2011

40% Of Balance Sheet In Very Low Risk Components

9

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 January 20, 2012

10

Financial Overview

Mortgage Quarterly Revenues

•

Total 2011

Originations Of

$1.7 Billion

•

In 4Q11 Closed

$516mm (+2%

Vs. 3Q11)

•

In 4Q11 Sold

$495mm (+11%

Vs. 3Q11)

•

4Q11 Vs. 3Q11:

2% Decrease In

Mtg. Revenues

•

$158mm

Locked Pipeline

on 1/20/11

11

Financial Overview

Title Insurance Quarterly Revenues

•

Title &

Mortgage

Footprints

Don’t

Necessarily

Overlap

•

4Q11:

$4.8mm In

Revenues    

(-1% Vs. 

3Q11)

12

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

OZRK

PBIB

IBKC

CSFL

HOMB

UCBI

SBCF

BXS

SFNC

RNST

HBHC

PFBX

FSGI

FMFC

TRMK

MSL

SBSI

CCBG

IBKC = 5%

Source: SNL

Data as of most recent quarter

Non-Interest Income Excludes Gains on Acquisitions and Investment Sales

Financial Overview

Quarterly Repricing Schedule

14

1Q12

2Q12

3Q12

4Q12

1Q13

Cash Equivalents

441.7

$             

-

$      

-

$      

-

$      

-

$      

0.62%

0.00%

0.00%

0.00%

0.00%

Investments

143.0

$             

141.6

$   

127.6

$   

103.2

$   

78.4

$    

3.14%

3.49%

3.24%

3.09%

3.38%

Loans

3,770.4

$          

426.2

$   

385.8

$   

305.7

$   

227.5

$   

3.73%

5.15%

4.88%

5.16%

5.44%

Time Deposits

564.9

$             

585.9

$   

456.5

$   

291.3

$   

126.4

$   

1.33%

1.28%

1.41%

1.10%

1.48%

Borrowed Funds

538.7

$             

20.8

$    

1.5

$      

5.8

$      

7.1

$      

0.94%

2.90%

4.00%

2.23%

3.28%

•

$1.9 Billion In Aggregate Time Deposits Repricing Over

The

Next

12

Months

At

A

Weighted

Average

Rate

Of

1.30%

Financial Overview

Interest Rate Simulations

Source: Bancware

model, as of December 31, 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 Positive Impact Over 12 Months

15

Financial Overview

Annual Change In Stock Price

Source: Bloomberg

as of January 23, 2012

16

Financial Overview

Price Change By Index Since August 2007

Source: SNL Through January 23, 2012

17

Asset Quality

18

Asset Quality

Loan Portfolio Mix

% based on gross portfolio –

excluding discounts on

loans acquired in FDIC-assisted transactions

19

$000s

% of CRE

%

Loans

C&D-IBERIABANK

373,951

16%

5%

CRE-Owner Occupied

964,217

41%

12%

CRE-Non-Owner Occupied

1,007,049

43%

13%

Total Commercial RE

2,345,217

$        

100%

30%

Residential

4%

Home Equity

11%

Credit Card

1%

Automobile

0%

Indirect

Automobile

4%

Other Consumer

1%

Business

26%

Commercial RE

32%

FDIC Acquired

Loans

18%

All Other Loans

3%

Asset Quality

4Q11 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

20

Asset Quality

Loans Past Due + Non-Accruals

** Beginning in 2011, IBERIABANK fsb was merged with IBERIABANK

21

Asset Quality

Trends

–

Entity

NPAs

&

Past

Dues

Note: Includes FDIC Assisted Acquisitions

22

Asset Quality

Trends

–

Entity

LLR

&

Net

COs

Note: Includes FDIC Assisted Acquisitions

23

Asset Quality

Loan Mix And 30 Days+ Past Due

24

Asset Quality

Asset Quality

Classified Assets

•

“Classified

Assets”

Are

Loans That Exhibit

Stress And Warrant

Close Watching

•

At December 31, 2011

Classified Assets were

$206 million

•

Our Classified Assets

As A Percentage Of

Total Assets Are Very

Low, Particularly 

Compared To Our Local

Peers

25

Source: SNL, Company Filings for  2010

IBKC Data as of December 31, 2011 -Excludes covered

loans related to FDIC-Assisted Acquisitions

Asset Quality

Loan Loss Reserve

•

Legacy IBERIABANK Credits Performing Very Well

•

Classified Assets And NPAs Remain Favorable

•

$4.3 Million Loan Loss Provision In 4Q11 (3Q11 = $6.1

Million)

•

$4.6 Million In

Net Charge-Offs

In 4Q11

Excluding FDIC

Covered and

SOP 03-3 Loans

(0.31% Of

Average Loans)

26

•

The Lowest Level Of

C&D Loan Exposure

Compared To Peers

•

One Of The Lowest

Levels Of NPAs

Compared To Peers

Asset Quality

C&D Loans And NPAs

Compared To Peers

Source: SNL, using most recent quarterly information

NPA/Adjusted Total Assets excludes FDIC covered assets

IBKC data also excludes acquired assets marked to fair value

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

28

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

29

Asset Quality

Commercial Loan Composition

Note:

At

December

31,

2011;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

30

Consumer Loan

Portfolio

31

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

32

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

11%

14%

5%

8%

11%

11%

750 - 799

41%

36%

31%

29%

25%

28%

700 - 749

25%

23%

24%

26%

25%

23%

650 - 699

14%

15%

21%

20%

18%

19%

600 - 649

4%

6%

8%

8%

8%

9%

550 - 599

3%

4%

4%

5%

6%

5%

500 - 549

0%

2%

3%

3%

3%

3%

450 - 499

0%

1%

1%

1%

1%

1%

400 - 449

2%

0%

0%

0%

0%

0%

Other

0%

1%

2%

2%

3%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

744

724

730

709

701

716

Consumer Portfolio - Score Distribution By Product

Consumer

Loan Portfolio

Past Dues

By Product

•

Generally Good

And Stable Asset

Quality Across

Consumer

Products

Excludes FDIC Loss Share Covered Assets

33

Consumer Loan Portfolio

By

Product

–

Origination

Mix

34

Consumer Loan Portfolio

By

Product

–

Loan-To-Values

35

Consumer Loan Portfolio

Indirect

–

30+

Days

Past

Dues

36

Consumer Loan Portfolio

Indirect

–

Net

Charge-Offs

37

FDIC Loss Share

Performance

38

Loss Share Performance Covered

Loan Portfolio Rollforward

39

Markets

40

Markets –

Local Economies

Unemployment –

vs. U.S. MSAs

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

41

Markets –

Local Economies

Freddie Mac –

Regional Prices

Source: Freddie Mac, FMHPI data series for 3Q2011

42

Last 5-Year

Housing

Price

Last 12

3Q11 vs.

Region

States Included

Change

Months

2Q11

West North Central

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

-5.8%

-0.8%

2.1%

East South Central

TN, AL, MS, KY

-9.3%

-1.6%

0.3%

West South Central

LA, AR, TX, OK

-4.2%

-2.4%

-7.8%

Middle Atlantic

NY, NJ, PA

-12.7%

-2.4%

0.8%

East North Central

IL, IN, MI, OH, WI

-20.0%

-2.7%

1.6%

New England

CT, MA, ME, NH, RI, VT

-16.6%

-2.9%

-1.3%

South Atlantic

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

-19.2%

-4.3%

-6.9%

Mountain

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

-25.3%

-4.9%

0.3%

Pacific

CA, OR, WA, HI, AK

-24.6%

-5.3%

-6.3%

United States

-24.8%

-4.3%

-2.8%

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, FMHPI data series for 3Q2011

43

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

44

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

45

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

46

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

47

Markets –

Local Economies

House Price Decline Probability

48

Markets-Local Economies

IBKC Market Demographics

Source: SNL Financial

49

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 57 Offices

(All Types)

•

Opened 25 New Bank Offices

•

Opened 29 Mortgage Offices

•

Opened 2 Title Office

•

13 Office Realignments

50

Markets –

Local Economies

Oil & Gas Impact

Source: Bloomberg

51

Summary Of IBKC

•

Industry Operating Environment--Challenging

•Housing

•Credit Risk

•Interest Rate Risk

•Operations Risk

•

We Tend To Move “Ahead Of The Curve”

•

Focus On Long-Term Investments & Payback

•

Organic And External Growth

•

Expense Controls And Revenue Growth

•

EPS/Stock Price Linkage -

Shareholder Focus

•

Favorable Risk/Return Compared To Peers

52