Exhibit 99.2

1Q12 Earnings Conference Call

Supplemental Materials

April 18, 2012

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.

In connection with the proposed acquisition of Florida Gulf Bancorp, Inc., IBERIABANK

Corporation will file a Registration Statement on Form S-4 that will contain a proxy statement/prospectus.

INVESTORS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE

PROPOSED TRANSACTION WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT

INFORMATION. Investors may obtain a free copy of the proxy statement/prospectus (when it is available)

and other documents containing information about IBERIABANK Corporation and Florida Gulf Bancorp, Inc.,

without charge, at the SEC's web site at http://www.sec.gov. Copies of the proxy statement/prospectus and

the SEC filings that will be incorporated by reference in the proxy statement/prospectus may also be

This communication is not a solicitation of any vote or approval, is not an offer to purchase

shares of Florida Gulf Bancorp, Inc. common stock, nor is it an offer to sell shares of IBERIABANK

Corporation common stock which may be issued in the proposed merger. Any issuance of IBERIABANK

Corporation common stock in the proposed merger would have to be

registered under the Securities Act of

1933, as amended, and such IBERIABANK Corporation common stock would be offered only by means of a

prospectus complying with the Act.

obtained for free from the IBERIABANK Corporation website, www.iberiabank.com, under the heading

“Investor Information”.

Introductory Comments

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 1Q12 And Improved Deposit Mix

•

Future Growth Engines in Multiple Markets

•

Strategic Recruiting Continued During The 1

Quarter

•

Fortunately, We Avoided What Ails The Banking Industry

•

Remain Well Positioned For Future Opportunities

IBKC Overview

Our Locations

Arkansas

34 Branches

$1.0 bil deposits

#12 Rank

30 Non-bank Offices

Texas

4 Branches

$185 mm deposits

#227 Rank

3 Non-bank Offices

Louisiana

79 Branches

$5.1 bil deposits

#5 Rank

30 Non-bank Offices

Alabama

13 Branches

$500 mm deposits

#20 Rank

6 Non-bank Offices

Florida

50 Branches

$2.5 bil deposits

#22 Rank

12 Non-bank Offices

Tennessee

3 Branches

$155 mm deposits

#113 Rank

1 Non-bank Office

Deposit Market Share as of June 30, 2011

Florida branch and deposit information reflects pro forma Florida Gulf Bank acquisition

Source: SNL Financial

Map Reflects Locations as of April 15, 2012

*Other Mortgage Locations not shown = 9

Financial Overview

Financial Overview

Summary –

1Q12 and 3/31/12

•

T/E Net Interest Income Down $1mm (-1%)

•

Credit Quality Statistics Excluding FDIC Covered Assets And

Acquired Assets Marked To Fair Value:

•

NPA/Assets = 0.83% (0.87% in 4Q11)

•

30+ Days Past Due = 1.28% (1.37% in 4Q11)

•

Loan Loss Reserve/Loans = 1.21% (1.24% in 4Q11)

•

Net COs/Average Loans = 0.09% (0.31% in 4Q11)

•

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

•

Reported EPS Of $0.66, Up 11% from 4Q11. Significant Items

Impacting 4Q11 Results Include:

•

ORE write-down = $2 mm or $0.03

•

Gains on sale of investments = $3 mm or $0.06

•

One-time acquisition and conversion costs = $1 mm or $0.02

Financial Overview

Favorable Balance Sheet Growth

1Q12 Results

•Loans +$90mm, +1%

•Deposits +$172mm +2%

•Loan/Deposits = 79%

•Equity = +$13mm, +1%

•Equity/Assets = 12.68%

•Tier 1 Leverage = 10.51%

•Div Payout = 51.8%

•ROA = 0.67%

•ROE = 5.21%

•ROTE = 7.43%

•Efficiency Ratio = 77%

•Tang Eff. Ratio = 75%

•BV/Share = $50.67

•Tang BV/Share = $37.23

Financial Overview

Low Risk Balance Sheet At March 31, 2012

39% Of Balance Sheet In Very Low Risk Components

Financial Overview

Trends

Mortgage

Interest

Rates

•

Conforming

Rates Are

Bouncing

Around New

Lows

•

Refi Activity

Has

Diminished

•

Sales Spreads

Remain

Favorable

•

Improved

Competitive

Dynamics In

Mortgage

Business

Source: Bloomberg

as of April 16, 2012

Financial Overview

Mortgage Quarterly Revenues

•

Total 2011

Originations Of

$1.7 Billion

•

In 1Q12 Closed

$451mm (-13%

Vs. 4Q11)

•

In 1Q12 Sold

$476mm (-4%

Vs. 4Q11)

•

1Q12 Vs. 4Q11:

3% Increase In

Mtg. Revenues

•

$220mm

Locked Pipeline

on 4/13/12

Financial Overview

Title Insurance Quarterly Revenues

•

Title &

Mortgage

Footprints

Don’t

Necessarily

Overlap

•

1Q12:

$4.5mm In

Revenues

(-7% Vs.

4Q11)

Financial Overview

Service Charges/Revenues

•

Less Reliance On

Service Charge

Income And

Consumer Fees Than

Peers

Source: SNL

Data as of most recent quarter

Non-Interest Income Excludes Gains on Acquisitions and Investment Sales

Financial Overview

Total

Revenues

IBERIA

Wealth

Advisors

and

IBERIA Capital Partners

•

ICP/IWA

Revenues

of $1.9

million

(+25% Vs.

4Q11)

$0.0

$0.2

$0.4

$0.6

$0.8

$1.0

$1.2

$1.4

$1.6

$1.8

$2.0

1Q11

2Q11

3Q11

4Q11

1Q12

IBERIA CAPITAL PARTNERS/

IBERIA WEALTH ADVISORS

Financial Overview

Quarterly Repricing Schedule

•

$1.8 Billion In Aggregate Time Deposits Repricing Over The

Next 12 Months At A Weighted Average Rate Of 1.16%

2Q12

3Q12

4Q12

1Q13

2Q13

Cash Equivalents

450.7

0.61%

0.00%

Investments

176.5

142.2

97.6

84.6

90.5

3.15%

3.24%

3.23%

3.29%

3.17%

Loans

3,633.8

354.1

289.3

293.8

283.6

3.94%

5.43%

5.50%

5.41%

4.82%

Time Deposits

653.5

527.4

355.5

250.3

84.3

1.19%

1.27%

1.00%

1.04%

1.01%

Borrowed Funds

407.8

1.5

5.8

7.1

37.7

1.22%

4.00%

2.23%

3.28%

3.44%

Financial Overview

Interest Rate Simulations

Source: Bancware

model, as of March 31, 2012

•

Slightly Asset Sensitive 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

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-0.5%

-0.1%

0.0%

2.6%

5.6%

-0.2%

0.9%

Economic

Value of

Equity

-1.1%

-1.6%

0.0%

4.7%

7.8%

-0.1%

-0.3%

Financial Overview

Annual Change In Stock Price

Source: Bloomberg

as of April 16, 2012

-50%

-40%

-30%

-20%

-10%

10%

20%

30%

40%

50%

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

-4%

16%

-14%

S&P Banks

NASDAQ Banks

DJIA

S&P 500

Russell 2000

Financial Overview

Price Change By Index Since August 2007

Source: SNL Through April 16, 2012

Asset Quality

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

381,682

16%

CRE-Owner Occupied

961,762

40%

13%

CRE-Non-Owner Occupied

1,038,132

44%

14%

Total Commercial RE

2,381,577

100%

32%

Asset Quality

1Q12 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

($thousands)

1Q11

2Q11

3Q11

4Q11

1Q12

Nonaccruals

800,265

790,953

805,247

719,236

677,619

OREO & Foreclosed

83,186

112,234

117,643

125,046

126,657

90+ Days Past Due

29,279

23,070

24,741

29,003

7,320

Nonperforming Assets

912,730

926,257

947,631

873,285

811,596

NPAs/Assets

9.18%

8.12%

8.25%

7.43%

6.88%

NPAs/(Loans + OREO)

14.71%

12.76%

13.00%

11.62%

10.67%

LLR/Loans

2.44%

2.38%

2.45%

2.62%

2.37%

Net Charge-Offs/Loans

-0.05%

0.11%

0.10%

0.29%

0.09%

Past Dues:

30-89 Days Past Due

107,725

86,880

74,604

86,467

35,228

90+ days Past Due

29,279

23,070

24,741

29,003

7,320

Nonaccual Loans

800,265

790,953

805,247

719,236

677,619

Total 30+ Past Dues

937,269

900,903

904,592

834,705

720,167

% Loans

15.31%

12.61%

12.62%

11.30%

9.63%

Loan Mix:

Commercial

67.5%

60.6%

61.4%

64.6%

64.9%

Consumer

16.0%

16.2%

16.0%

16.3%

16.5%

Mortgage

10.8%

8.9%

8.3%

7.7%

7.3%

Business Banking

1.4%

10.5%

10.3%

7.5%

7.1%

Indirect

3.7%

3.2%

3.4%

3.3%

3.6%

Credit Cards

0.6%

Total Loans

100.0%

IBERIABANK Corporation

3/31/11

6/30/11

9/30/11

12/31/11

3/31/12

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

30+ days past due

0.35%

0.41%

0.46%

0.38%

0.30%

Non-accrual

1.30%

0.99%

1.22%

0.99%

0.98%

Total Past Due

1.65%

1.40%

1.68%

1.37%

1.28%

CapitalSouth Only

30+ days past due

7.85%

6.57%

6.09%

7.57%

1.70%

Non-accrual

21.47%

21.05%

21.20%

16.53%

22.07%

Total Past Due

29.32%

27.62%

27.29%

24.10%

23.77%

Orion Only

30+ days past due

4.24%

3.31%

2.85%

5.13%

0.92%

Non-accrual

36.07%

35.16%

37.56%

35.66%

35.46%

Total Past Due

40.31%

38.47%

40.41%

40.79%

36.38%

Century Only

30+ days past due

5.18%

3.82%

4.09%

3.07%

2.59%

Non-accrual

42.15%

42.74%

43.95%

44.29%

41.87%

Total Past Due

47.33%

46.56%

48.04%

47.36%

44.46%

Sterling Only

30+ days past due

12.17%

3.83%

2.69%

3.60%

0.86%

Non-accrual

28.59%

31.97%

34.68%

37.60%

41.85%

Total Past Due

40.76%

35.80%

37.37%

41.20%

42.71%

Consolidated (With FDIC Covered Assets)

30+ days past due

2.04%

1.41%

1.28%

1.46%

0.54%

Non-accrual

11.89%

10.17%

10.36%

9.11%

8.55%

Total Past Due

13.93%

11.58%

11.64%

10.57%

9.09%

Asset Quality

Loans Past Due + Non-Accruals

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

Asset Quality

Trends –

Entity NPAs & Past Dues

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

1Q11*

2Q11

3Q11

4Q11

1Q12

$Chg

3/31/11

6/30/11

9/30/11

12/31/11

3/31/12

Last Qtr.

Nonaccrual Loans

800,265

790,953

805,247

719,236

677,619

(41,617)

OREO & Foreclosed Assets

83,186

112,234

117,643

125,046

126,657

1,612

Accruing 90+ Days Past Due

29,279

23,070

24,741

29,003

7,320

(21,683)

Total NPAs

912,730

926,257

947,631

873,285

811,596

(61,689)

NPAs / Total Assets

9.18%

8.12%

8.25%

7.43%

6.88%

30-89 Days Past Due

107,725

86,880

74,604

86,467

35,228

(51,239)

30-89 Days PDs / Loans

1.76%

1.22%

1.04%

1.17%

0.47%

Asset Quality

Trends –

Entity LLR & Net COs

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

1Q11

2Q11

3Q11

4Q11

1Q12

$Chg

3/31/2011

6/30/2011

9/30/2011

12/31/2011

3/31/2012

Last Qtr.

Loan Loss Reserve*

149,119

169,988

175,320

193,761

177,192

(16,569)

LLR / Total Loans

2.44%

2.36%

2.43%

2.62%

2.37%

Net Charge-Offs

(764)

1,718

1,880

5,350

1,695

(3,656)

Net COs/Avg Loans

-0.05%

0.11%

0.10%

0.29%

0.09%

LLR Coverage Of NPAs

16%

18%

22%

Does not include loan discounts associated with acquisitions.

Asset Quality

Loan Mix And 30 Days+ Past Due

1Q11

2Q11

3Q11

4Q11

1Q12

1Q12*

3/31/11

6/30/11

9/30/11

12/31/11

3/31/12

% of Outstandings

Commercial

67.5%

60.6%

61.4%

64.6%

64.9%

65.4%

Mortgage

10.8%

8.9%

8.3%

7.7%

7.3%

4.2%

Consumer

16.0%

16.2%

16.0%

16.3%

16.5%

16.4%

Indirect

3.7%

3.2%

3.4%

3.3%

3.6%

4.6%

Business Banking

1.4%

10.5%

10.3%

7.5%

7.1%

8.6%

Credit Cards

0.6%

0.8%

Total Loans

100.0%

Past Due 30+ Days*

Commercial

14.78%

12.97%

12.80%

11.25%

9.57%

1.09%

Mortgage

15.21%

14.89%

15.84%

16.69%

16.14%

2.27%

Consumer

14.71%

11.33%

10.52%

9.82%

7.91%

1.31%

Indirect

0.74%

0.78%

0.96%

1.08%

0.63%

0.59%

Business Banking

2.82%

4.91%

7.01%

4.87%

5.04%

2.59%

Credit Cards

1.74%

1.56%

1.90%

2.20%

1.45%

1.33%

Total Loans

13.93%

11.58%

11.64%

10.57%

9.09%

1.28%

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

Asset Quality

Classified Assets

•

“Classified

Assets”

Are

Loans That Exhibit

Stress And Warrant

Close Watching

•

Classified Assets were

$206 million at

December 31, 2011 and

$194 million at March

31, 2012

•

Our Classified Assets As

A Percentage Of Total

Assets Are Very Low,

Particularly Compared

To Our Local Peers

Classified Assets

-to-Total Assets

At December 31 ,2011

Source: SNL, Company Filings for 2011

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

•

$2.9 Million Loan Loss Provision In 1Q12 (4Q11 = $4.3

Million)

$1.3 Million In

Net Charge-Offs

In 1Q12

Excluding FDIC

Covered and

SOP 03-3 Loans

(0.09% Of

Average Loans)

1Q11

2Q11

3Q11

4Q11

1Q12

Net Charge-Offs -

legacy

(655)

1,895

1,711

4,622

1,339

Loan Growth

2,043

4,737

615

5,684

2,139

Change In Asset Quality

2,313

719

3,976

(7,686)

(2,474)

Loan Loss Provision -

legacy

3,701

7,351

6,302

2,620

1,004

Loan Loss Provision -

OMNI/Cameron

1,106

Loan Loss Provision -

FDIC Acqs.

1,770

2,639

(175)

1,659

747

Total Loan Loss Provision

5,471

9,990

6,127

4,279

2,858

Net Charge-Offs/Avg. Loans

-0.05%

0.11%

0.10%

0.29%

0.09%

Loan Loss Reserve/Loans

2.44%

2.38%

2.45%

2.62%

2.37%

•

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

C&D Loans /

Total Loans

NPAs /

Adjusted

Total Assets

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

Mar 2011

Jun 2011

Sep 2011

Dec 2011

March 2012

Non-Owner Occupied

Current

916.1

1,215.2

1,193.0

1,223.8

1,263.9

Past Due

6.8

10.8

16.2

7.3

2.6

Nonaccrual

31.9

50.7

57.1

45.2

44.6

Total

954.8

1,276.7

1,266.4

1,276.3

1,311.1

% Nonaccrual

3.34%

3.97%

4.51%

3.54%

3.40%

Owner Occupied

Current

691.2

982.7

1,009.0

1,056.8

1,058.3

Past Due

0.8

1.2

0.5

3.5

3.0

Nonaccrual

5.9

7.5

7.3

8.6

9.2

Total

697.9

991.4

1,016.7

1,068.9

1,070.5

% Nonaccrual

0.84%

0.75%

0.72%

0.81%

0.86%

Total CRE

1,652.7

2,268.1

2,283.1

2,345.2

2,381.6

% Nonaccrual

2.29%

2.56%

2.82%

2.30%

2.26%

Non-Owner Occup/Risk Based Cap.

100%

120%

100%

101%

102%

Asset Quality

Commercial Loan Composition

Note:

March

,2012;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

Consumer Loan

Portfolio

Consumer Loan Portfolio

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%

11%

750 - 799

41%

38%

30%

27%

700 - 749

24%

23%

24%

25%

22%

23%

650 - 699

14%

19%

20%

600 - 649

550 - 599

500 - 549

450 - 499

400 - 449

Other

Total

100%

Avg. Score

745

723

730

709

702

715

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

3/31/11

6/30/11

9/30/11

12/31/11

3/31/12

Home Equity Lines of Credit

30 to 59 Days Past Due

0.21%

0.13%

0.17%

0.36%

0.23%

60 to 89 Days Past Due

0.01%

0.04%

0.08%

0.01%

Over 90 Days Past Due

0.00%

Total 30+ Days Past Due

0.22%

0.17%

0.25%

0.44%

0.24%

Net Charge-Offs

0.90%

0.02%

0.38%

0.03%

-0.06%

Home Equity Term Loans

30 to 59 Days Past Due

0.29%

0.50%

0.59%

0.89%

0.50%

60 to 89 Days Past Due

0.01%

0.13%

0.21%

0.12%

0.09%

Over 90 Days Past Due

0.00%

0.01%

0.10%

Total 30+ Days Past Due

0.31%

0.63%

0.81%

1.11%

0.68%

Net Charge-Offs

0.82%

0.26%

0.07%

0.02%

0.19%

Indirect Loans

30 to 59 Days Past Due

0.33%

0.37%

0.44%

0.54%

0.20%

60 to 89 Days Past Due

0.02%

0.09%

0.11%

0.06%

0.07%

Over 90 Days Past Due

0.00%

Non Accrual

0.39%

0.32%

0.41%

0.48%

0.36%

Total 30+ Days Past Due

0.74%

0.78%

0.96%

1.08%

0.63%

Net Charge-Offs

0.24%

0.09%

0.20%

0.38%

0.08%

Credit Card Loans

30 to 59 Days Past Due

0.26%

0.28%

0.37%

0.98%

0.27%

60 to 89 Days Past Due

0.32%

0.13%

0.25%

0.22%

0.17%

Over 90 Days Past Due

0.00%

Non Accrual

1.02%

0.97%

1.11%

0.84%

0.89%

Total 30+ Days Past Due

1.60%

1.39%

1.73%

2.05%

1.33%

Net Charge-Offs

1.76%

1.95%

1.67%

2.58%

1.81%

Other Consumer Loans

30 to 59 Days Past Due

0.26%

0.30%

0.28%

0.55%

0.36%

60 to 89 Days Past Due

0.09%

0.30%

0.05%

0.56%

0.05%

Over 90 Days Past Due

0.00%

0.13%

0.00%

Total 30+ Days Past Due

0.35%

0.60%

0.33%

1.24%

0.42%

Net Charge-Offs

0.74%

0.73%

0.56%

0.77%

0.62%

Total Consumer Loans

Total 30+ Days Past Due

0.31%

0.47%

0.56%

0.85%

0.44%

Net Charge-Offs

0.71%

0.28%

0.29%

0.27%

0.20%

Consumer Loan Portfolio - Quarterly Credit Statistics

Loans Past Due As A % of Product Loans

Consumer Loan Portfolio

Product

–

Origination

Mix

Consumer Loan Portfolio

Product

–

Loan-To-Values

Consumer Loan Portfolio

Indirect

–

30+

Days

Past

Dues

Consumer Loan Portfolio

Indirect

–

Net Charge-Offs

FDIC Loss Share

Performance

Loss Share Performance Covered

Loan Portfolio Rollforward

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,489,782

40,454

10.768%

1,421,784

28,201

7.819%

1,350,935

55,518

16.139%

1,293,160

52,019

15.968%

Mortgage Loans

243,303

4,487

7.378%

229,678

5,209

9.072%

218,922

4,799

8.768%

211,640

4,946

9.347%

Indirect Automobile

0.000%

Credit Card

1,026

6.721%

972

6.693%

957

6.246%

901

6.199%

Consumer

189,022

(234)

-0.497%

172,391

3,780

8.698%

162,815

3,701

9.019%

155,406

3,895

10.080%

Line Of Credit-Consumer Loans

81,575

2,967

14.588%

80,650

2,372

11.669%

79,220

2,502

12.528%

75,164

2,927

15.663%

Commercial & Business Banking

975,301

33,217

13.477%

938,554

16,824

7.018%

889,481

44,502

19.581%

850,519

40,238

18.719%

Loans in Process

(445)

0.000%

(460)

0.000%

(461)

0.000%

(469)

0.000%

Overdrafts

0.000%

FDIC Loss Share Receivable

666,159

(18,315)

-10.877%

626,551

(2,602)

-1.625%

592,985

(29,255)

-19.305%

573,776

(27,927)

-19.255%

Net Covered Loan Portfolio

2,155,941

22,139

4.080%

2,048,335

25,599

4.930%

1,943,920

26,263

5.327%

1,866,937

24,092

5.142%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

419,756

4,500

4.252%

401,069

4,317

4.309%

Sterling Bank

188,032

2,293

4.838%

178,257

2,290

5.043%

169,542

2,963

6.841%

158,148

2,294

5.763%

4Q2011

3Q2011

1Q2012

2Q2011

3Q2011

1Q2012

2Q2011

Average

Income /

Expense

Average

Yield

Covered Loans

1,489,782

40,454

10.768%

1,421,784

28,201

7.819%

1,350,935

55,518

16.139%

1,293,160

52,019

15.968%

CapitalSouth Bank

240,511

5,196

8.536%

227,549

(1,827)

-3.080%

209,043

14,372

26.967%

198,491

6,203

12.416%

Orion Bank

794,202

29,013

14.479%

759,860

24,875

12.861%

734,021

29,565

15.817%

710,111

34,820

19.448%

Century Bank

323,681

4,105

5.072%

303,773

3,024

3.979%

281,888

5,261

7.387%

264,864

6,697

10.080%

Sterling Bank

131,388

2,140

6.464%

130,602

2,130

6.405%

125,983

6,319

19.631%

119,694

4,299

14.239%

FDIC Loss Share Receivable

666,159

(18,315)

-10.877%

626,551

(2,602)

-1.625%

592,985

(29,255)

-19.305%

573,776

(27,927)

-19.255%

CapitalSouth Bank

58,676

(4,456)

-30.041%

57,146

5,754

39.402%

56,241

(8,707)

-60.581%

49,433

(1,917)

-15.338%

Orion Bank

392,880

(13,256)

-13.348%

375,943

(11,021)

-11.472%

355,317

(16,430)

-18.095%

349,685

(21,626)

-24.466%

Century Bank

157,959

(756)

-1.894%

145,807

2,505

6.723%

137,868

(761)

-2.160%

136,205

(2,380)

-6.913%

Sterling Bank

56,644

152

1.065%

47,655

159

1.310%

43,559

(3,357)

-30.153%

38,453

(2,004)

-20.621%

Net Covered Loan Portfolio

2,155,941

22,139

4.080%

2,048,335

25,599

4.930%

1,943,920

26,263

5.327%

1,866,937

24,092

5.142%

CapitalSouth Bank

299,187

740

0.954%

284,696

3,927

5.448%

265,284

5,665

8.406%

247,924

4,286

6.882%

Orion Bank

1,187,083

15,757

5.269%

1,135,803

13,853

4.807%

1,089,338

13,135

4.756%

1,059,796

13,194

4.952%

Century Bank

481,639

3,349

2.787%

449,580

5,529

4.869%

Acquisition of

Florida Gulf Bancorp, Inc.

Florida Gulf Bancorp Acquisition

Source: SNL Financial Deposit Data as of June 2011

•

Announced March 19, 2012

•

Adds 8 branches in Fort Myers-Cape

Coral, Florida MSA

•

Attractive, established client base

complements our existing client base

•

Total Loans: $262 million

•

Total Assets: $350 million

•

Total Deposits: $279 million

•

Total Equity: $24 million common stock

plus $4 million preferred stock

•

Total deal value of $35 million for

common stock, $4 million for preferred

stock outstanding, plus up to additional

$4 million based on performance of

certain acquired loans over 3-year period

•

Includes $28 million, pre-tax credit mark

(11% of loans)

•

Price / Tangible Book: 1.41x

•

Adjusted Core Deposit Premium: 4.9%

•

Accretive to EPS

•

Slightly dilutive to TVBS

•

IRR in excess of cost of capital

Financial Assumptions & Impact

Credit Mark:

$28 million, pre-tax; 11% of total Florida Gulf loans

Including prior NCOs, represents cumulative loss of 11% of

Florida Gulf’s legacy portfolio

Other Marks:

Estimated to be immaterial in aggregate

No Core Deposit Intangible

Cost Savings:

Cost savings of approximately $3 million, pre-tax annually

Represents approximately 30% of Florida Gulf’s 2011

operating non-interest expenses

Fully achieved by the first quarter of 2013

Revenue synergies identified, but not included in estimates

Merger Related Costs:

Approximately $6 million, pre-tax

Conservative

Financial

Assumptions

Attractive

Financial

Impact

Accretive to EPS, excluding impact of merger-related costs in the first year and after

fully phased-in cost savings; approximately 1% accretive when full savings phased in

Slightly dilutive to tangible book value per share (approximately 1%)

Strong pro forma capital ratios:

Tangible Common Equity Ratio 9.34% (down 17 bps)

Total Risk Based Capital Ratio 15.92% (down 29 bps)

Internal rate of return in mid-teens; well in excess of our cost of capital

Fort Myers-Cape Coral MSA

Distribution

College Pointe

Deposits: $92 million

First Street

Deposits: $65 million

Daniels Parkway

Deposits: $27 million

Del Prado Blvd

Deposits: $21 million

Winkler Road

Deposits: $30 million

Dani Drive

Deposits: $20 million

Markets

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

Markets –

Local Economies

Freddie

Mac

–

Regional Prices

Source: Freddie Mac, FMHPI data series for 4Q2011

Last 5-Year

Housing

Price

Last 12

4Q11 vs.

Region

States Included

Change

Months

3Q11

West North Central

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

-4.3%

1.7%

1.9%

West South Central

LA, AR, TX, OK

-3.9%

-0.3%

-2.5%

East South Central

TN, AL, MS, KY

-11.2%

-0.8%

-3.9%

East North Central

IL, IN, MI, OH, WI

-19.9%

-1.5%

-3.1%

New England

CT, MA, ME, NH, RI, VT

-15.9%

-1.7%

-2.4%

Pacific

CA, OR, WA, HI, AK

-22.8%

-1.9%

3.4%

South Atlantic

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

-18.8%

-2.1%

-4.5%

Mountain

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

-27.0%

-3.1%

-5.4%

Middle Atlantic

NY, NJ, PA

-14.5%

-4.2%

-9.4%

US Average

-25.1%

-3.0%

-4.9%

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, FMHPI data series for 4Q2011

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

Source: Local Market Monitor 4Q2011

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

Source: Local Market Monitor 4Q2011

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

Source: Local Market Monitor 4Q2011

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

Source: Local Market Monitor 4Q2011

Markets –

Local Economies

House Price Decline Probability

Source: PMI Economic Real Estate Trends as of 2Q11

Source: SNL Financial

MSA

IBKC

Market

Rank

IBKC

Offices

IBKC

Deposits

IBKC Dep

Mkt. Share

(%)

Percent of

IBKC

Franchise

Market

Population

Change

2000-10

(%)

Projected

Population

Change

2010-15

(%)

Median

Income

2010

($)

Income

Change

2000-10

(%)

Projected

HH Income

Change

2010-15

(%)

FLORIDA

North Port-Bradenton-Sarasota, FL

706,045

4.30

7.63

712,761

20.82

4.06

51,943

27.68

10.66

Naples-Marco Island, FL

623,371

6.25

6.74

332,156

32.13

5.99

62,368

28.82

11.33

Miami-Fort Lauderdale-Pompano Beach, FL

526,968

0.33

5.70

5,513,060

10.09

1.37

51,835

28.66

13.46

Key West, FL

185,312

8.21

2.00

73,868

(7.19)

(4.68)

53,763

25.83

10.94

Cape Coral-Fort Myers, FL

158,839

1.39

1.72

628,829

42.63

8.17

51,699

28.21

10.86

Jacksonville, FL

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

1,404,895

4.82

15.18

1,187,772

(9.78)

8.77

42,621

20.67

6.36

Lafayette, LA

1,280,381

23.15

13.84

263,368

10.16

4.27

40,904

15.26

8.20

New Iberia, LA

786,474

45.05

8.50

75,402

2.92

0.17

35,185

13.27

7.36

Lake Charles, LA

508,287

15.17

5.49

194,964

0.72

(0.15)

40,423

14.49

9.42

Baton Rouge, LA

430,652

2.72

4.65

789,682

11.86

4.80

42,872

14.54

7.08

Monroe, LA

316,612

11.31

3.42

174,353

2.53

1.13

35,606

12.22

10.11

Shreveport-Bossier City, LA

189,816

2.85

2.05

394,961

5.05

1.61

37,988

14.48

8.83

Ruston, LA

89,832

7.88

0.97

57,874

(0.06)

(0.30)

30,621

11.16

4.98

Crowley, LA

52,234

6.52

0.56

60,988

3.61

0.49

29,921

12.20

4.42

Abbeville, LA

46,760

5.12

0.51

56,867

5.69

1.46

31,930

8.45

6.64

Bastrop, LA

17,509

6.49

0.19

28,799

(7.16)

(3.98)

27,955

11.26

5.29

Houma-Bayou Cane-Thibodaux, LA

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

389,999

2.87

4.22

694,164

13.70

5.87

51,146

31.38

13.27

Jonesboro, AR

213,547

8.31

2.31

119,895

11.26

6.02

39,890

28.23

16.63

Fayetteville-Springdale-Rogers, AR-MO

118,343

1.44

1.28

461,723

33.04

10.17

48,929

35.01

9.83

Paragould, AR

7,324

0.98

0.08

41,398

10.89

4.05

39,063

26.62

15.16

TENNESSEE

Memphis, TN-MS-AR

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

185,288

0.13

2.00

6,017,013

27.60

10.46

58,086

30.07

14.35

ALABAMA

Birmingham-Hoover, AL

245,181

0.84

2.65

1,133,874

7.76

3.39

45,636

20.09

6.12

Montgomery, AL

104,538

1.45

1.13

372,902

7.61

3.06

44,338

19.12

8.45

Mobile, AL

99,878

1.65

1.08

410,234

2.60

1.01

39,492

17.15

9.17

Huntsville, AL

41,820

0.63

0.45

407,958

19.15

9.36

51,241

18.68

7.69

Daphne-Fairhope-Foley, AL

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 Market Demographics

Markets –

Local Economies

Oil & Gas Impact

Source: Bloomberg

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