EX-99.2 3 d290001dex992.htm EXHIBIT 99.2 Exhibit 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