8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 23, 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

Item 7.01 Regulation FD Disclosure

On October 23, 2012, the Registrant announced its results of operations for the three and nine months ended September 30, 2012. 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 and 7.01 as part of this Current Report on Form 8-K and are not to be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section.

SIGNATURES

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

	IBERIABANK CORPORATION
DATE: October 23, 2012	By:	/s/ Daryl G. Byrd
	Daryl G. Byrd
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release reporting third quarter results dated October 23, 2012, issued by the Registrant.
99.2	Supplemental Materials to third quarter earnings conference call

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 23, 2012

Contact:

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

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

IBERIABANK Corporation Reports Earnings per Share Increase of 71%

LAFAYETTE, LOUISIANA — IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 125-year-old IBERIABANK (www.iberiabank.com), reported operating results for the third quarter ended September 30, 2012. For the quarter, the Company reported income available to common shareholders of $21 million and fully diluted earnings per share (“EPS”) of $0.73, up 71% compared to the second quarter of 2012. During the third quarter of 2012, the Company incurred costs associated with a recent acquisition and related conversion, branch closures, severance, and process improvements totaling $5 million on a pre-tax basis, or $0.10 per share on an after-tax basis. On an operating basis, EPS in the third quarter of 2012 was $0.83 per share (non-GAAP; refer to press release supplemental table), up $0.29 per share, or 55%, compared to the second quarter of 2012.

The Company completed the acquisition of Florida Gulf Bancorp, Inc. (“Florida Gulf”) on July 31, 2012. Florida Gulf was headquartered in Fort Myers, Florida, and added 10 bank offices in the Fort Myers and Cape Coral markets. The acquisition added $57 million in investment securities, $216 million in loans (after preliminary discounts), and $286 million in deposits ($58 million in noninterest bearing deposits and $228 million in interest bearing deposits). Financial statements reflect the impact of the acquisition beginning on that date and are subject to future refinements to purchase accounting adjustments. The conversions of branch and operating systems were successfully completed over the weekend of August 18-19, 2012. Acquisition and conversion related costs totaled $3 million on a pre-tax basis in the third quarter of 2012, or $0.07 per share on an after-tax basis.

Daryl G. Byrd, President and Chief Executive Officer, commented, “Our financial results for the third quarter demonstrate our significant progress in improving the long-term value of our franchise. We experienced exceptional client growth in loans and deposits, a stable margin, and record results in our mortgage and title insurance businesses. Our operating leverage improved significantly in the third quarter as revenues grew $8 million and expenses were fairly flat. Our investments in new markets and lines of business are exhibiting great promise. Our process improvement initiatives are proceeding on target, though by no means complete.”

Byrd continued, “We welcome the clients, associates, and shareholders of Florida Gulf to our Company. With this combination, we have an organization of enviable strength serving Lee County, Florida.”

Highlights for the Third Quarter of 2012 and September 30, 2012:

• Increased net interest income and stable net interest margin. Tax equivalent net interest income improved $4 million and the net interest margin declined one basis point on a linked quarter basis to 3.58%. Total revenues increased approximately $8 million, or 6%, while total expenses increased less than $1 million, or 1%.

• Loan growth of $329 million, or 5%, between quarter-ends (20% annualized rate), excluding loans and other assets covered under FDIC loss share agreements (“Covered Assets”) and loans acquired in the Florida Gulf transaction. On that basis, loans increased $1.1 billion, or 19%, over the past year.

• Core deposit growth (excluding time deposits and deposits assumed in the Florida Gulf acquisition) of $273 million, or 4% (15% annualized growth) during the quarter, and $980 million, or 15%, over the past year.

• Noninterest bearing deposits climbed $200 million, or 12%, between June 30, 2012 and September 30, 2012, and $437 million, or 31%, over the past year. Since year-end 2010, noninterest bearing deposits grew $973 million, or 111%, and increased from 11% of total deposits at December 31, 2010 to 19% at September 30, 2012.

• The loan loss provision in the third quarter of 2012 totaled $4 million compared to $9 million in the second quarter of 2012. Net charge-offs were approximately $1 million in the second quarter of 2012 and $2 million in the third quarter of 2012, equating to 0.07% and 0.10% of average loans, respectively.

• Continued legacy asset quality strength; Nonperforming assets (“NPAs”), excluding Covered Assets and impaired loans acquired in acquisitions, equated to 0.81% of total assets at September 30, 2012, compared to 0.84% at June 30, 2012. On that basis, loans past due 30 days or more remained stable at 1.30% of total loans at September 30, 2012. Classified assets excluding Covered Assets increased 34 basis points, to 2.28% of total assets at September 30, 2012. The increase in classified assets was due primarily to loans acquired in the Florida Gulf transaction, which were marked to fair value at acquisition.

• Capital ratios remained strong. At September 30, 2012, the Company’s tangible common equity ratio was 9.01%, tier 1 common ratio was 12.04%, and total risk based capital ratio was 14.54%.

Table A - Summary Financial Results

	For Quarter Ended:									%/Basis Point
	9/30/2011			6/30/2012			9/30/2012			Change
Net Income ($ in thousands)	$	16,347		$	12,560		$	21,234			69	%
Per Share Data:
Fully Diluted Earnings	$	0.54		$	0.43		$	0.73			71	%
Operating Earnings (Non-GAAP)		0.70			0.54			0.83			55	%
Pre-provision Operating Earnings (Non-GAAP)		0.83			0.73			0.92			26	%
Tangible Book Value		36.41			37.28			37.07			-1	%
Key Ratios:
Return on Average Assets		0.56	%		0.43	%		0.69	%		26	bps
Return on Average Common Equity		4.31	%		3.36	%		5.56	%		220	bps
Return on Average Tangible Common Equity (Non-GAAP)		6.22	%		4.86	%		7.91	%		305	bps
Net Interest Margin (TE)*		3.58	%		3.59	%		3.58	%		(1	)bps
Tangible Efficiency Ratio (TE)* (Non-GAAP)		75.0	%		78.2	%		74.3	%		(393	)bps
Tangible Common Equity Ratio		9.64	%		9.37	%		9.01	%		(36	)bps
Tier 1 Leverage Ratio		10.42	%		10.42	%		10.01	%		(41	)bps
Tier 1 Common Ratio (Non-GAAP)		13.90	%		12.97	%		12.04	%		(93	)bps
Total Risk Based Capital Ratio		16.61	%		15.54	%		14.54	%		(100	)bps
Net Charge-Offs to Average Loans**		0.12	%		0.07	%		0.11	%		4	bps
Nonperforming Assets to Total Assets**		0.89	%		0.84	%		0.81	%		(3	)bps

* Fully taxable equivalent basis.

** Excluding FDIC Covered Assets and acquired impaired loans.

Refer to press release supplemental table for a reconciliation of GAAP and non-GAAP measures.

Operating Results

On a linked quarter basis, the average earning asset yield declined six basis points, while the cost of interest bearing liabilities decreased seven basis points. As a result, the tax-equivalent net interest spread remained stable at 3.45% and the net interest margin declined one basis point. On a linked quarter basis, the relatively stable net interest margin and an increase in average earning assets of $333 million, or 3%, resulted in an improvement in tax-equivalent net interest income of $4 million, or 4%.

Table B - Quarterly Average Yields/Cost (Taxable Equivalent Basis)

	For Quarter Ended:									%/Basis Point
	9/30/2011			6/30/2012			9/30/2012			Change
Investment Securities		2.72	%		2.40	%		2.22	%		(18	)bps
Covered Loans, net of loss share receivable		4.93	%		5.23	%		5.42	%		19	bps
Noncovered Loans		4.99	%		4.68	%		4.55	%		(13	)bps
Loans & Loss Share Receivable		4.97	%		4.80	%		4.71	%		(9	)bps
Mortgage Loans Held For Sale		4.19	%		3.64	%		3.21	%		(43	)bps
Other Earning Assets		0.78	%		0.84	%		0.85	%		1	bps
Total Earning Assets		4.39	%		4.20	%		4.14	%		(6	)bps
Interest Bearing Deposits		0.90	%		0.65	%		0.58	%		(7	)bps
Short-Term Borrowings		0.28	%		0.24	%		0.21	%		(3	)bps
Long-Term Borrowings		2.63	%		3.07	%		3.10	%		3	bps
Total Interest Bearing Liabilities		0.98	%		0.76	%		0.69	%		(7	)bps
Net Interest Spread		3.41	%		3.45	%		3.45	%		0	bps
Net Interest Margin		3.58	%		3.59	%		3.58	%		(1	)bps

* Earning asset yields are shown on a fully taxable equivalent basis.

Movement in the net interest margin was muted during the third quarter as declines in investment securities and non-covered loan yields were partially offset by (1) an improvement in the yield on loans covered under FDIC loss share protection less the FDIC indemnification asset yield, (2) an increase in average noninterest bearing deposits of $133 million, or 8%, on a linked quarter basis, and (3) a decline in interest bearing deposit costs of seven basis points. The increase in the yield on the covered loan portfolio benefitted the net interest margin for the third quarter by approximately three basis points. For the fourth quarter of 2012, the Company projects the prospective yield on the covered loan portfolio net of the FDIC indemnification asset to approximate the level experienced in the third quarter of 2012 and projects the average balance of the net covered loan portfolio to decline approximately $50 million, based on current FDIC loss share accounting assumptions and estimates.

The Company recorded a $4 million loan loss provision in the third quarter of 2012, down $5 million, or 54%, on a linked quarter basis. The Company reported net charge-offs of $2 million in the third quarter of 2012, equal to 0.10% of average loans. Excluding Covered Assets and acquired impaired loans, net charge-offs were 0.11% of average loans in the third quarter of 2012.

Aggregate noninterest income increased $5 million, or 12%, on a linked quarter basis. The primary changes in noninterest income on a linked quarter basis were:

• Increased gains on the sale of mortgage loans of $5.0 million, or 28%;

• Increased title insurance revenues of $0.3 million, or 5%; and

• Increased service charge revenues of $0.3 million, or 5%; partially offset by

• Decreased gains on the sale of investment securities of $0.9 million, or 95%; and

• Decreased FDIC reimbursement of $0.4 million.

In the third quarter of 2012, the Company originated $707 million in residential mortgage loans, up $116 million, or 20%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 45% of mortgage loan applications in the third quarter of 2012, compared to 34% in the second quarter of 2012 and approximately 54% between September 30, 2012, and October 15, 2012. The Company sold $677 million in mortgage loans during the third quarter of 2012, up $138 million, or 26%, on a linked quarter basis. Sales margins on the sale of mortgage loans improved slightly on a linked quarter basis. The mortgage origination pipeline was approximately $297 million at September 30, 2012, compared to $300 million at June 30, 2012, and approximately $330 million at October 12, 2012. Mortgage loan repurchases and make-whole payments were $0.2 million in the third quarter of 2012, compared to $0.3 million in the second quarter of 2012.

Aggregate revenues in the third quarter of 2012 for the capital markets, wealth management, brokerage, and trust businesses were stable on a linked quarter basis. Assets under wealth management were $902 million at September 30, 2012.

Noninterest expense increased $0.8 million, or 1%, on a linked quarter basis. One-time acquisition and conversion costs associated with Florida Gulf in the third quarter of 2012 were $3.0 million, or $0.07 per share, up $2.5 million on a linked quarter basis. The Company also incurred pre-tax costs in association with multiple internal projects to improve the long-term earnings, efficiency, risk posture, and growth prospects of the Company totaling $1.6 million, or $0.04 per share, down $3.9 million on a linked quarter basis. The Company incurred approximately $0.9 million in operating expenses associated with the acquired Florida Gulf franchise during the final two-months of the third quarter of 2012. Excluding acquisition and conversion costs and including operating costs associated with Florida Gulf, the primary changes in noninterest expense on a linked quarter basis were:

• Increased mortgage commissions and incentives of $0.4 million, or 7%;

• Increased other salary and benefit expense of $1.6 million, or 3% (primarily related to Florida Gulf and revenue producers in Houston); and

• Increased occupancy and equipment expense of $0.6 million, or 5% (primarily related to the addition of Florida Gulf branches, lease termination costs, and Hurricane Isaac expenses); partially offset by

• Decreased consulting and professional expenses of $1.1 million;

• Decreased branch closure costs of $2.5 million; and

• Decreased severance expense of $0.3 million.

One-time acquisition and conversion costs are projected to be approximately $1 million in the fourth quarter of 2012. The Company anticipates incurring an aggregate $1.3 million in additional pre-tax process improvement costs in the fourth quarter of 2012, the pre-tax financial benefits of which are projected to be approximately $5.9 million in the full year of 2013 and each year thereafter. Excluding acquisition, conversion, and process improvement costs, the Company’s tangible efficiency ratio was 71.2% in the third quarter of 2012, an improvement from 74.4% in the second quarter in 2012.

Loans

In the third quarter of 2012, total loans increased $493 million, or 6%, of which $216 million in loan growth was due to the Florida Gulf acquisition. The loan portfolio associated with FDIC-assisted acquisitions decreased $51 million, or 4%, compared to June 30, 2012. Excluding loans associated with Florida Gulf and FDIC-assisted transactions, total loans increased $329 million, or 5%, over that period (20% annualized rate). Legacy commercial loans increased $251 million, or 5%, and legacy consumer loans increased $90 million, or 6%, during the quarter. Loan growth during the third quarter of 2012 was strongest in the Houston, New Orleans, Memphis, Baton Rouge, Naples, and Birmingham markets. Excluding Florida Gulf, loans and commitments originated during the third quarter of 2012 totaled $1 billion with an average coupon of 3.80% and an average term of 7.8 years, with 46% fixed rate and 54% floating rate. At September 30, 2012, approximately 26% of non-covered loans by volume were floating rate loans tied to LIBOR.

Table C - Period-End Loans ($ in Millions)

	Period-End Balances ($Millions)
					9/30/2012						% Change (Excluding Acquired)									Mix
	9/30/11		6/30/12		Excluding Acquired		FGB		Total		Year/Year			Qtr/Qtr			Annualized			6/30/12			Total 9/30/12
Commercial	$	4,276	$	4,841	$	5,092	$	145	$	5,237		19	%		5	%		21	%		63	%		64	%
Consumer		1,232		1,470		1,560		28		1,588		27	%		6	%		24	%		19	%		19	%
Mortgage		284		236		223		43		266		-22	%		-6	%		-22	%		3	%		3	%
Non-FDIC Loans	$	5,792	$	6,547	$	6,875	$	216	$	7,091		19	%		5	%		20	%		85	%		86	%
Covered Assets		1,378		1,190		1,139		—		1,139		-17	%		-4	%		-17	%		15	%		14	%
Total Loans	$	7,170	$	7,737	$	8,014	$	216	$	8,230		12	%		4	%		14	%		100	%		100	%

Deposits

Total deposits increased $497 million, or 5%, from June 30, 2012 to September 30, 2012, of which $286 million were deposits acquired from Florida Gulf during the third quarter of 2012; therefore, legacy deposit growth was $211 million, or 2% (9% annualized growth) over that period. Noninterest bearing deposits increased $200 million, or 12% (of which $58 million were Florida Gulf deposits), and equated to 19% of total deposits at September 30, 2012. Florida Gulf added $47 million in time deposits during the third quarter, and the legacy franchise reduced time deposits by $61 million, for a net decline of $15 million. Organic core deposit growth (excluding time deposits and the impact of the Florida Gulf acquisition) was $273 million, or 4%. Core deposit growth during the third quarter of 2012 was strongest in the New Orleans, Houston, Lafayette, Little Rock, and Baton Rouge markets.

Table D - Period-End Deposits ($ in Millions)

	Period-End Balances ($Millions)
					9/30/2012						% Change (Excluding Acquired)									Mix
	9/30/11		6/30/12		Excluding Acquired		FGB		Total		Year/Year			Qtr/Qtr			Annualized			6/30/12			Total 9/30/12
Noninterest	$	1,415	$	1,651	$	1,794	$	58	$	1,852		27	%		9	%		35	%		18	%		19	%
NOW Accounts		1,688		1,990		1,997		42		2,039		18	%		0	%		1	%		21	%		21	%
Savings/MMkt		3,360		3,529		3,652		139		3,791		9	%		3	%		14	%		37	%		38	%
Time Deposits		2,727		2,246		2,184		47		2,231		-20	%		-3	%		-11	%		24	%		22	%
Total Deposits	$	9,190	$	9,416	$	9,627	$	286	$	9,913		5	%		2	%		9	%		100	%		100	%

On an average balance and linked quarter basis, noninterest bearing deposits increased $133 million, or 8%, and interest-bearing deposits increased $110 million, or 1%. The rate on average interest bearing deposits in the third quarter of 2012 was 0.58%, a decrease of seven basis points on a linked quarter basis. Approximately $1.6 billion in CDs are scheduled to re-price over the next 12 months at a weighted average cost of 0.78%. An additional $0.3 billion in time deposits are scheduled to re-price the following 12 months at a weighted average cost of 1.38%. During the third quarter of 2012, new and re-priced CDs were booked at an average cost of 0.57%.

Other Assets And Funding

The investment portfolio equated to 16% of total assets at September 30, 2012, down compared to 17% at each of the prior two quarter-ends. The investment portfolio had a modified duration of 2.7 years at September 30,

2012, unchanged compared to June 30, 2012. The unrealized gain in the portfolio increased from $45 million at June 30, 2012, to $51 million at September 30, 2012. The average yield on investment securities declined 18 basis points on a linked quarter basis, to 2.22% in the third quarter of 2012. The Company holds in its investment portfolio primarily government agency and municipal securities. Municipal securities comprised only 11% of total investments at September 30, 2012. The Company holds no sovereign debt or derivative exposure to foreign counterparties.

Short-term borrowings decreased $115 million at September 30, 2012 compared to June 30, 2012. Long-term debt (including trust preferred securities) increased $11 million, or 4%, between quarter-ends. On a linked quarter basis, average long-term debt increased $14 million, or 3%, and the cost of debt increased three basis points to 3.10%. The cost of average interest bearing liabilities was 0.69% in the third quarter of 2012, a decrease of seven basis points on a linked quarter basis. For the month of September 2012, the average cost of interest bearing liabilities was 0.67%.

Asset Quality

Excluding $613 million in NPAs which were Covered Assets or acquired impaired loans marked to fair value, NPAs at September 30, 2012 were $89 million, up $2 million, or 2%, compared to June 30, 2012. On that basis, NPAs were 0.81% of total assets at September 30, 2012, compared to 0.84% of assets at June 30, 2012. Similarly, loans past due 30 days or more (including nonaccruing loans) increased $6 million, or 8%, and represented 1.30% of total loans at September 30, 2012, unchanged compared to June 30, 2012.

Table E - Asset Quality Summary

Excludes the impact of all FDIC-assisted acquisitions and impaired loans

	For Quarter Ended:									%/Basis Point Change
($ thousands)	9/30/2011			6/30/2012			9/30/2012			Year/Year			Qtr/Qtr
Nonperforming Assets	$	89,791		$	86,501		$	88,601			-1	%		2	%
Past Due Loans		97,660			84,653			91,164			-7	%		8	%
Classified Assets		196,537			200,872			247,923			26	%		23	%
Nonperforming Assets/Assets		0.89	%		0.84	%		0.81	%		(8	)		(3	)
NPAs/(Loans + OREO)		1.57	%		1.33	%		1.26	%		(31	)		(7	)
Classified Assets/Total Assets		2.09	%		1.94	%		2.28	%		19			34
(Past Dues & Nonaccruals)/Loans		1.70	%		1.30	%		1.30	%		(40	)		(0	)
Provision For Loan Losses	$	6,302		$	4,271		$	1,244			-80	%		-71	%
Net Charge-Offs/(Recoveries)		1,711			1,102			1,923			12	%		74	%
Provision Less Net Charge-Offs	$	4,592		$	3,169		$	(679	)		-115	%		-121	%
Net Charge-Offs/Average Loans		0.12	%		0.07	%		0.11	%		(1	)		4
Reserve For Loan Losses/Loans		1.34	%		1.19	%		1.10	%		(24	)		(9	)

Excluding Covered Assets and acquired impaired loans, troubled debt restructurings at September 30, 2012, totaled $22 million, or 0.31% of total loans (compared to 0.35% of loans at June 30, 2012). Substantially all of the troubled debt restructurings were included in NPAs at September 30, 2012.

Capital Position

The Company maintains favorable capital strength. At September 30, 2012, the Company reported a tangible common equity ratio of 9.01%, down 36 basis points compared to June 30, 2012. At that date, the Company’s

preliminary Tier 1 leverage ratio was 10.01%, down 41 basis points compared to June 30, 2012. The Company’s preliminary total risk-based capital ratio at September 30, 2012 was 14.54%, down 100 basis points compared to June 30, 2012. The decline in these capital ratios was the result of leveraging the balance sheet through the addition of acquired assets and organic loan growth, and the repurchase of common stock totaling approximately $38 million during the third quarter of 2012.

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. During the third quarter of 2012, the Company purchased 805,120 shares of IBERIABANK Corporation common stock at a weighted average cost of $47.35 per share. A total of 46,692 shares remain under the currently authorized share repurchase program.

At September 30, 2012, book value per share was $51.44, up $0.76 per share compared to June 30, 2012. Tangible book value per share was $37.07, down $0.21 per share compared to June 30, 2012. Based on the closing stock price of the Company’s common stock of $45.16 per share on October 23, 2012, this price equated to 0.88 times September 30, 2012 book value and 1.22 times September 30, 2012 tangible book value per share.

On September 18, 2012, 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 3.01%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 277 combined offices, including 184 bank branch offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 22 title insurance offices in Arkansas and Louisiana, mortgage representatives in 62 locations in 12 states, eight locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, LLC office in New Orleans. Since June 30, 2012, the Company opened two bank branch offices in the Little Rock and Baton Rouge markets.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.3 billion, based on the NASDAQ closing stock price on October 23, 2012.

The following 11 investment firms currently provide equity research coverage on IBERIABANK Corporation:

• FIG Partners, LLC

• Jefferies & Co., Inc.

• Keefe, Bruyette & Woods

• 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, October 24, 2012, beginning at 9:00 a.m. Central Time by dialing 1-800-762-4758. The confirmation code for the call is 260099. A

replay of the call will be available until midnight Central Time on November 1, 2012 by dialing 1-800-475-6701. The confirmation code for the replay is 260099. 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 transactions that are infrequent in nature. 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. Refer to press release supplemental table for this reconciliation.

Forward Looking Statements

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

Actual results could differ materially because of factors such as the current level of market volatility and our ability to execute our growth strategy, including the availability of future FDIC-assisted failed bank opportunities, unanticipated losses related to the integration of, and refinements to purchase accounting adjustments for, acquired businesses and assets and assumed liabilities in these transactions, adjustments of fair values of acquired assets and assumed liabilities and of deferred taxes in acquisitions, credit risk of our customers, effects of the on-going correction in residential real estate prices and reduced levels of home sales, sufficiency of our allowance for loan losses, changes in interest rates, access to funding sources, reliance on the services of executive management, competition for loans, deposits and investment dollars, reputational risk and social factors, changes in government regulations and legislation, increases in FDIC insurance assessments, geographic concentration of our markets and economic conditions in these markets, rapid changes in the financial services industry, dependence on our operational, technological, and organizational systems or 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 and the accompanying PowerPoint presentation 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. Certain tabular presentations may not reconcile because of rounding.

EX-99.2

Exhibit 99.2

3Q12 Earnings Conference Call

3Q12 Earnings Conference Call

Supplemental Presentation

Supplemental Presentation

October 23, 2012

October 23, 2012

2

Safe Harbor Language

Safe Harbor Language

To the extent that statements in this presentation and the accompanying 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 refinements to purchase accounting

adjustments for, acquired businesses and assets and assumed liabilities in these transactions, adjustments of

fair values of acquired assets and assumed liabilities and of deferred taxes in acquisitions, credit risk of our

customers, effects of the on-going correction in residential real estate prices and reduced levels of home sales,

sufficiency of our allowance for loan losses, changes in interest rates, access to funding sources, reliance on

the services of executive management, competition for loans, deposits and investment dollars, reputational risk

and social factors, changes in government regulations and legislation, increases in FDIC insurance

assessments, geographic concentration of our markets and economic conditions in these markets, rapid

changes in the financial services industry, dependence on our operational, technological, and organizational

systems or infrastructure, hurricanes and other adverse weather events, the volatility and low trading volume of

our common sock, and valuation of intangible assets.  These and other factors that may cause actual results to

differ materially from these forward-looking statements are discussed in the Company’s Annual Report on Form

10-K and other filings with the Securities and Exchange Commission (the “SEC”), available at the SEC’s

website, http://www.sec.gov, and the Company’s website, http://www.iberiabank.com, under the heading

“Investor Information.”

All information in this presentation and the accompanying press release is as of the date

of this release.  The Company undertakes no duty to update any forward-looking statement to conform to the

statement to actual results or changes in the Company’s expectations.  Certain tabular presentations may not

reconcile because of rounding.

33

•

Stable net interest margin; tax-equivalent revenues up $8 million, or

6% (24% annualized)

•

Organic loan growth:

•

Core deposit growth:

•

Good growth in service charge income and fee income businesses

•

Service Charges –

5% increase over 2Q12

•

Mortgage –

highest quarter production level in our Company’s history

•

Title –

highest quarterly revenue in past 5 years

•

Capital Markets –

anticipate a very good fourth quarter of 2012

•

Process improvement initiative

•

Closing ten branches –

to date closed four of ten

•

Staff efficiency improvement

•

Retail/Business Banking sales effectiveness

•

Risk adjusted profitability and risk management

Introductory Comments

Introductory Comments

Third Quarter 2012 –

Core Performance

$329 million since June 30, 2012 (+20% annualized)

$821 million since year-end 2011 (+18% annualized)

$273 million since June 30, 2012 (+15% annualized)

$699 million since year-end 2011 (+14% annualized)

4

•

Florida Gulf acquisition:

•

3Q12 asset quality ratios (NPAs, past dues, classified assets, and

net charge-offs) were strong and stable

•

Provision for 3Q12 of $4.1 million (down $4.8 million, or 54%,

compared to 2Q12); reflects recognition of $1.3 million in FDIC

impairment and $1.5 million credit impairment from non-covered

acquired loans

•

Fabulous client growth in multiple markets

•

Our investments in markets and businesses are showing very good

progress

Introductory Comments

Introductory Comments

Third Quarter 2012 –

Initiatives

4

Consummated on July 31, 2012

Branch and operating system conversion

completed over weekend of August 18-19, 2012

Acquisition and conversion costs of $4.8 million

($1.0 million below projection)

5

Financial Overview

Financial Overview

Performance Metrics –

Yields and Costs

•

Investment yield declined

18 bps due to prepayment

speeds and reinvesting

cash flows at lower yields

•

Net covered loan yield up

19 bps as base yield

improved

•

Non-covered loan yield

down 13 bps

•

Deposit costs declined 7

bps; continued future re-

pricing opportunities (next

slide)

•

Average noninterest

bearing deposits up $133

million (+8%)

•

Spread held flat and

margin declined 1 basis

point to 3.58%

6/30/2012

9/30/2012

Investment Securities

2.40%

2.22%

(18)

bps

Covered Loans & Loss Share Receivable

5.23%

5.42%

19

bps

Noncovered Loans

4.68%

4.55%

(13)

bps

Loans & Loss Share Receivable

4.80%

4.71%

(9)

bps

Mortgage Loans Held For Sale

3.64%

3.21%

(43)

bps

Other Earning Assets

0.84%

0.85%

1

bps

Total Earning Assets

4.20%

4.14%

(6)

bps

Interest Bearing Deposits

0.65%

0.58%

(7)

bps

Short-Term Borrowings

0.24%

0.21%

(3)

bps

Long-Term Borrowings

3.07%

3.10%

3

bps

Total Interest Bearing Liabilities

0.76%

0.69%

(7)

bps

Net Interest Spread

3.45%

3.45%

0

bps

Net Interest Margin

3.59%

3.58%

(1)

bps

* Earning asset yields are shown on a fully taxable equivalent basis.

%/Basis Point

Change

For Quarter Ended:

6

Financial Overview

Financial Overview

Quarterly Repricing Schedule

•

$1.6 Billion in time deposits re-price over next 12 months at weighted average 0.78% rate

•

During 3Q12, new and re-priced time deposits were booked at an average cost of 0.57%

$ in millions

Note:  Amounts exclude repricing of assets and liabilities from prior quarters

4Q12

1Q13

2Q13

3Q13

4Q13

Cash Equivalents

Balance

474.9

$     

-

$        

-

$        

-

$        

-

$        

Rate

0.58%

0.00%

0.00%

0.00%

0.00%

Investments

Balance

116.4

$     

120.8

$     

154.0

$     

128.6

$     

111.6

$     

Rate

3.29%

3.14%

2.74%

3.02%

3.02%

Loans

Balance

4,032.3

$  

428.1

$     

437.1

$     

373.4

$     

311.0

$     

Rate

3.74%

5.07%

5.12%

5.18%

4.10%

Time Deposits

Balance

541.7

$     

380.8

$     

362.7

$     

299.7

$     

124.6

$     

Rate

0.79%

0.84%

0.70%

0.80%

1.22%

Borrowed Funds

Balance

665.1

$     

7.1

$        

37.7

$      

2.3

$        

1.0

$        

Rate

0.80%

3.28%

3.44%

4.48%

4.28%

7

Financial Overview

Financial Overview

Interest Rate Risk Simulations

Source: Bancware model, as of September 30, 2012

* Assumes instantaneous and parallel shift in interest rates

•

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

-0.2%

-0.1%

0.0%

3.0%

6.8%

0.2%

0.7%

Economic

Value of

Equity

-1.7%

-0.9%

0.0%

9.0%

13.4%

0.0%

-0.3%

8

Financial Overview

Financial Overview

Performance Metrics –

Quarterly Trends

•

Stable margin

•

Average earning

assets up $333

million (+3%)

•

T/E net interest

income up $4

million (+4%)

•

Provision of $4

million:

•

Net charge-offs:

$1.9 million

•

Covered loan

provision: $1.3

million

•

Non-covered

acquired loan

provision: $1.5

million

•

Organic loan

provision: $1.2

million

•

Legacy asset quality measures remained stable in 3Q12

•

Strong capital position compared to peers

•

Repurchased 805,120 shares at average cost of $47.35 per share

•

A total of 46,692 shares remain under current authorized program

9/30/2011

12/31/2011

3/31/2012

6/30/2012

9/30/2012

Net Income ($ in thousands)

16,347

$   

17,357

$   

19,393

$ 

12,560

$     

21,234

$ 

69%

Per Share Data:

Fully Diluted Earnings

0.54

$        

0.59

$        

0.66

$      

0.43

$         

0.73

$      

71%

Operating Earnings (Non-GAAP)

0.70

0.69

0.62

0.54

0.83

55%

Pre-provision Operating Earnings  (Non-GAAP)

0.83

0.78

0.68

0.73

0.92

26%

Tangible Book Value

36.41

36.80

37.23

37.28

37.07

-1%

Key Ratios:

Return on Average Assets

0.56%

0.59%

0.67%

0.43%

0.69%

26

bps

Return on Average Common Equity

4.31%

4.65%

5.21%

3.36%

5.56%

220

bps

Return on Average Tangible Common Equity (Non-GAAP)

6.22%

6.72%

7.43%

4.86%

7.91%

305

bps

Net Interest Margin (TE)*

3.58%

3.62%

3.59%

3.59%

3.58%

(1)

bps

Tangible Efficiency Ratio (TE)* (Non-GAAP)

75.0%

75.2%

74.6%

78.2%

74.3%

(393)

bps

Tangible Common Equity Ratio

9.64%

9.52%

9.64%

9.37%

9.01%

(36)

bps

Tier 1 Leverage Ratio

10.42%

10.45%

10.51%

10.42%

10.01%

(41)

bps

Tier 1 Common Ratio (Non-GAAP)

13.90%

13.55%

13.48%

12.97%

12.04%

(93)

bps

Total Risk Based Capital Ratio

16.61%

16.20%

16.10%

15.54%

14.54%

(100)

bps

Net Charge-Offs to Average Loans**

0.12%

0.31%

0.09%

0.07%

0.11%

4

bps

Nonperforming Assets to Total Assets**

0.89%

0.87%

0.83%

0.84%

0.81%

(3)

bps

* Fully taxable equivalent basis.

** Excluding FDIC Covered Assets and acquired impaired loans.

For Quarter Ended:

%/Basis Point

Change

9

Financial Overview

Financial Overview

Low Risk Balance Sheet At September 30, 2012

35% Of Balance Sheet In Very Low Risk Components

9

Cash and

Equivalents,

5%

Investment

Securities,

16%

Mortgage

Loans Held

For Sale, 2%

Acquired

Loans

-

Fair

Value, 0.6%

Loans -

FDIC

Covered, 9%

FDIC Loss

Share

Receivable,

3%

Loans -

Noncovered,

56%

Other Assets,

9%

10

Financial Overview

Financial Overview

Non-Interest Income Trends

•

Continued rebound in service charge income (+5%)

•

Strong mortgage loan income continued

•

Title insurance revenue up 5%

•

IBERIA Financial Services Revenues up 7%

Originations up 20%

Sales up 26%

Margins improved

Revenue up 28%

Small buyback costs

Pipeline stable during

the quarter and

increased in October

Noninterest Income ($000s)

4Q11

1Q12

2Q12

3Q12

$ Change

% Change

Service Charges on Deposit Accounts

6,613

$   

5,980

$   

6,625

$   

6,952

$   

327

$      

5%

ATM / Debit Card Fee Income

1,997

2,024

2,166

2,377

211

10%

BOLI Proceeds and CSV Income

899

951

905

916

11

1%

Gain on Sale of Loans, Net

13,173

13,619

18,078

23,085

5,007

28%

Gain (Loss) on Sale of Investments, Net

793

2,836

901

41

(860)

-95%

Title Revenue

4,846

4,533

5,339

5,623

284

5%

Broker Commissions

2,457

3,060

3,102

3,092

(10)

0%

All Other Noninterest Income

4,677

4,393

4,578

4,467

(111)

-2%

Total Noninterest Income

35,455

$ 

37,396

$ 

41,694

$ 

46,553

$ 

4,859

$   

12%

3Q12 vs. 2Q12

11

Financial Overview

Financial Overview

Non-Interest Expense

•

Process improvement initiatives

expense in 3Q12 totaling $1.6 million:

Branch closure costs ($0.3 million)

Consulting/professional ($0.6 million)

Severance ($0.7 million)

•

One-time merger-related expense of $3.0

million for Florida Gulf conversion

•

Mortgage commission growth due to

volume increase in loan production

•

Compensation increase due to Houston

and other revenue producers

•

One-time occupancy costs:

Hurricane Isaac cost of $73,000

Facility termination cost of $110,000

•

Total expenses were flat in 3Q12, excluding Florida Gulf operating expenses

Noninterest Expense ($000s)

4Q11

1Q12

2Q12

3Q12

Florida

Gulf

3Q12 Ex-

FL Gulf

$ Change

% Change

Mortgage Commissions

3,922

$    

3,229

$    

5,612

$    

6,006

$    

-

$  

6,006

$    

394

$      

7%

Hospitalization Expense

3,349

3,817

3,404

3,773

-

3,773

369

11%

Other Salaries and Benefits

44,039

47,522

48,011

49,270

602

48,667

656

1%

Salaries and Employee Benefits

51,310

$ 

54,568

$ 

57,028

$ 

59,049

$ 

602

$ 

58,447

$ 

1,419

$   

2%

Credit/Loan Related

4,094

4,027

4,835

4,846

36

4,810

(25)

-1%

Occupancy and Equipment

12,498

12,677

12,852

13,500

193

13,306

454

4%

Amortization of Acquisition Intangibles

1,384

1,290

1,289

1,287

-

1,287

(2)

0%

All Other Noninterest Expense

25,987

26,373

27,105

26,611

122

26,489

(616)

-2%

Nonint. Exp. (Ex-Non-Operating Exp.)

95,272

$ 

98,935

$ 

103,109

$

105,293

$

955

$ 

104,339

$

1,230

$   

1%

Severance

206

219

1,053

712

-

712

(341)

-32%

Branch Closure Costs

-

-

2,743

284

-

284

(2,459)

-90%

Consulting and Professional

193

220

1,661

574

-

574

(1,087)

-65%

Nonint. Exp. Excluding Merger-Related

95,671

$ 

99,374

$ 

108,566

$

106,864

$

955

$ 

105,909

$

(2,657)

-2%

Merger-Related Expenses

4,055

$    

500

$       

456

$       

2,985

$    

-

$  

2,985

2,529

554%

Total Noninterest Expense

99,726

$ 

99,873

$ 

109,022

$

109,848

$

955

$ 

108,894

$

(128)

0%

Tangible

Efficiency

Ratio

-

excl

Nonop

Exp

72.2%

75.5%

74.4%

71.2%

3Q12 Ex-FL Gulf vs. 2Q12

12

Financial Overview

Financial Overview

Non-Operating Items –

3Q12

•

Acquisition and conversion-related costs of $3.0 million in 3Q12 ($0.07 EPS)

•

3Q12 Severance, branch closure, and professional expenses of $1.6 million ($0.04 EPS)

•

3Q12 FDIC covered loan losses of $1.3 million ($0.03 EPS)

•

3Q12 Losses on acquired non-covered impaired loans of $1.5 million ($0.03 EPS)

Pre-tax

After-tax

Per share

Pre-tax

After-tax

Per share

Pre-tax

After-tax

Per share

Net Income (GAAP)

22,398

$  

16,347

$  

0.54

$       

16,949

$  

12,560

$  

0.43

$       

29,378

$  

21,234

$  

0.73

$       

Merger-related expenses

4,259

2,769

0.09

456

296

0.01

2,985

1,940

0.07

Severance expenses

1,601

1,041

0.03

1,053

685

0.02

712

463

0.02

Branch closure expenses

-

-

-

2,743

1,783

0.06

284

185

0.01

Professsional expenses

291

189

0.01

1,661

1,080

0.04

574

373

0.01

Litigation settlement

(250)

(163)

(0.00)

-

-

-

-

-

-

Gain on sale of investments

(1,206)

(784)

0.03

(901)

(586)

(0.02)

(41)

(27)

(0.00)

Operating earnings (Non-GAAP)

27,094

19,399

0.70

21,961

15,818

0.54

33,892

24,168

0.83

Covered loan provision for loan losses

(175)

(114)

(0.00)

1,435

933

0.03

1,300

845

0.03

Acquired loan provision for loan losses

-

-

-

3,189

2,073

0.07

1,509

981

0.03

Other provision for loan losses

6,302

4,096

0.13

4,271

2,776

0.09

1,244

809

0.03

Pre-provision operating earnings (Non-GAAP)

33,221

$  

23,381

$  

0.82

$       

30,856

$  

21,600

$  

0.73

$       

37,945

$  

26,803

$  

0.92

$       

Dollar Amount

Dollar Amount

Dollar Amount

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(dollars in thousands)

For The Quarter Ended

September 30, 2011

June 30, 2012

September 30, 2012

13

•

Improve long-term operating efficiency, risk-

adjusted profitability, and long-term growth

prospects of franchise

Long Term Initiatives

Long Term Initiatives

Third Quarter 2012

Outside professionals

and dedicated internal

resources

Closing branches, staff

reductions, process

improvements

3Q12 cost of $1 million

and $0.03 EPS

4Q12 cost of $2 million

and $0.03 EPS

Benefit of $6 million

annually, or $0.13 EPS

Expect acquisition and

conversion related

costs of approximately

$1 million pre-tax in

4Q12

$ in millions

Expenses

2Q12

3Q12

4Q12

1Q13

Total

Branch Closure Cost - Phase 1

2.7

$    

0.3

$    

0.8

$    

-

$    

3.8

$       

Branch Closure Cost - Phase 2

0.3

0.3

0.6

$       

Severance Expense - Phase 1

1.0

0.4

0.1

-

1.5

$       

Severance Expense - Phase 2

0.1

0.1

0.2

$       

Professional Services

1.7

0.6

0.3

0.1

2.7

Total Expense

5.4

$    

1.3

$    

1.6

$    

0.5

$    

8.8

$       

Benefits

2Q12

3Q12

4Q12

1Q13

Full Year

2013

Facilities Expense - Phase 1

0.0

$    

0.2

$    

0.2

$    

0.9

$       

Salary and Benefits - Phase 1

0.4

0.7

0.6

2.5

Facilities Expense - Phase 2

0.4

Salary and Benefits - Phase 2

0.3

Other

0.7

0.8

0.4

1.8

Total Benefits

1.1

$    

1.6

$    

1.2

$    

5.9

$       

2Q12

3Q12

4Q12

1Q13

Total

Merger Related Expenses

0.5

$    

3.0

$    

1.0

$    

-

$    

4.5

$       

14

Asset Quality

Asset Quality

Reported and Non-Covered Portfolio Trends

Non-Covered Portfolio excludes the impact of all FDIC-assisted acquisitions and acquired impaired loans from OMNI , Cameron, and Florida Gulf

($thousands)

1Q12

2Q12

3Q12

1Q12

2Q12

3Q12

Nonaccruals

677,619

$

625,939

$

567,153

$

61,160

$  

66,545

$  

66,348

$  

OREO & Foreclosed

126,657

129,917

129,173

17,740

18,681

18,467

90+ Days Past Due

7,320

8,270

5,539

3,338

1,275

3,786

Nonperforming Assets

811,596

$

764,126

$

701,865

$

82,238

$  

86,501

$  

88,601

$  

NPAs/Assets

6.88%

6.30%

5.60%

0.83%

0.84%

0.81%

NPAs/(Loans + OREO)

10.67%

9.71%

8.40%

1.33%

1.33%

1.26%

LLR/Loans

2.37%

2.42%

2.45%

1.21%

1.19%

1.10%

Net Charge-Offs/Loans

0.09%

0.06%

0.10%

0.09%

0.07%

0.11%

Past Dues:

30-89 Days Past Due

35,228

$  

46,391

$  

59,063

$  

15,429

$  

16,833

$  

21,029

$  

90+ days Past Due

7,320

8,270

5,539

3,338

1,275

3,786

Nonaccual Loans

677,619

625,939

567,153

61,160

66,545

66,348

Total 30+ Past Dues

720,167

$

680,600

$

631,755

$

79,927

$  

84,653

$  

91,163

$  

% Loans

9.63%

8.80%

7.68%

1.29%

1.30%

1.30%

Total Portfolio

Non-Covered Portfolio (excl.

Acquired impaired loans)

15

Asset Quality

Asset Quality

Commentary For Quarter Ending June 30, 2012

Asset Quality Summary

Excludes FDIC covered assets and acquired impaired loans

•

Total criticized

loans equal $395

million (29% of

Tier1 capital plus

ALLL); $248 million

in classified and

$147 million special

mention

•

TDRs equal $21.8

million (0.3% of

total loans)

•

3Q12 Provision 

expense for this

portfolio was $1

million –

down $3

million compared to

2Q12

($ thousands)

9/30/2011

6/30/2012

9/30/2012

Year/Year

Qtr/Qtr

Nonperforming Assets

89,791

$ 

86,501

$ 

88,601

$ 

-1%

2%

Past Due Loans

97,660

84,653

91,164

-7%

8%

Classified Assets

196,537

200,872

247,923

26%

23%

Nonperforming Assets/Assets

0.89%

0.84%

0.81%

(8)

(3)

NPAs/(Loans + OREO)

1.57%

1.33%

1.26%

(31)

(7)

Classified Assets/Total Assets

2.09%

1.94%

2.28%

19

34

(Past Dues & Nonaccruals)/Loans

1.70%

1.30%

1.30%

(40)

(0)

Provision For Loan Losses

6,302

$  

4,271

$  

1,244

$  

-80%

-71%

Net Charge-Offs/(Recoveries)

1,711

1,102

1,923

12%

74%

Provision Less Net Charge-Offs

4,592

$  

3,169

$  

(679)

$    

-115%

-121%

Net Charge-Offs/Average Loans

0.12%

0.07%

0.11%

(1)

4

Reserve For Loan Losses/Loans

1.34%

1.19%

1.10%

(24)

(9)

%/Basis Point Change

For Quarter Ended:

16

Markets

Markets

Loan Growth

•

Organic loan

growth of $1.9

billion or 47%

since December

2009 (17%

annualized)

•

FDIC covered

loan portfolio

declined $531

million or -32%

since December

2009 (-12%

annualized)

Sterling Bank FDIC-

Assisted Acquisition

$ in millions

* Organic loan growth excludes loans acquired in non-covered transactions (e.g OMNI , Cameron, and Florida Gulf)

-$150

-$100

-$50

$0

$50

$100

$150

$200

$250

$300

$350

Mar-10

Jun-10

Sep-10

Dec-10

Mar-11

Jun-11

Sep-11

Dec-11

Mar-12

Jun-12

Sep-12

$64

$58

$43

$173

$149

$257

$109

$262

$164

$329

$329

Organic Loan Growth *

Covered Loan Portfolio

17

Markets

Markets

Loan Originations 3Q12 –Top Markets

$ in millions

•

$1 billion in total

funded loans and

unfunded loan

commitments

originated in 3Q12

•

Tremendous

growth in Houston

•

Recently added

new team

members in

Houston

•

Exceptional growth

in other markets in

which we have

invested heavily

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

Little Rock

Mobile

Lafayette

Memphis

Baton

Rouge

Birmingham

New Orleans

Houston

Loan Commitments

Loan Fundings

$35

$35

$57

$87

$90

$192

$153

$105

18

Markets

Markets

Net Loan Growth 3Q12 –Top Markets

$ in millions

•

Diversified

strength

throughout our

franchise

•

Strong growth

net of loan pay-

downs

•

Strongest

markets are

Houston and

New Orleans

•

Small business

lending is a

potential growth

engine

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

Mobile

Montgomery

Birmingham

Naples

Baton

Rouge

Memphis

New Orleans

Houston

$12

$12

$28

$33

$35

$90

$71

$42

Loan Growth

19

•

Organic core

deposit growth of

$1.5 billion or

30% since

December 2010   

(17% annualized)

•

Organic non-

interest bearing

deposit growth of

$622 million or

71% since

December 2010

(40% annualized)

•

Cost of core

deposits has

fallen 36 bps to

0.32% since

December 2010

Excludes acquired deposits

Markets

Markets

Organic Deposit Growth

$ in millions

-$300

-$200

-$100

$0

$100

$200

$300

$400

Mar-11

Jun-11

Sep-11

Dec-11

Mar-12

Jun-12

Sep-12

Non-Interest Bearing

Other Core Deposits

Time Deposits

$184

$217

$159

$281

$333

$93

$273

20

Markets

Markets

Core Deposit Growth 3Q12 –Top Markets

$ in millions

•

Balanced core

deposit growth

•

Strength in legacy

franchise and

newer markets

•

Deposit pricing

remains favorable

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

Mobile

Shreveport

Birmingham

Baton

Rouge

Little Rock

Lafayette

Houston

New Orleans

$13

$16

$21

$23

$34

$45

$52

$81

Core Deposit Growth

21

Markets

Markets

Non-Interest Bearing Deposit Growth

$ in millions

•

Since 2010, total

non interest

bearing deposits

have increased

$973 million or

111% (40%

annualized rate)

•

$200 million

increase in 3Q12

or 12% (48%

annualized)

•

Top 3Q12 growth

markets include

New Orleans,

Lafayette, Little

Rock, Houston and

Shreveport

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

4Q10

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

11%

12%

15%

15%

16%

17%

18%

19%

Non Interest  Bearing/Total Deposits

22

Markets

Markets

3Q12 Highlights

•

Exceptional loan and deposit growth continues

•

Non-FDIC loan growth of $329 million came from a number of

markets and in both commercial and retail markets

•

Houston, New Orleans, Birmingham, and Memphis showed strong

commercial

growth

–

concentrated

in

our

C&I

clients

•

Commercial loans originated and funded in 3Q12 totaled $472 million

with a mix of 47% fixed and 53% floating ($711 in commercial loan

commitments during the quarter)

•

Strong commercial pipeline of over $555 million at quarter-end

•

Retail growth driven by increases in indirect lending and home equity

lines

of

credit

–

arising

from

recent

changes

in

this

business

•

Period-end core deposit growth of $273 million, with non-interest

bearing deposits up $143 million ($132 million linked quarter growth

on an average balance basis).

23

Retail and Small Business

Retail and Small Business

3Q12 Progress

•

Since June 30, 2012, we opened two new branch locations, including

Center Street in downtown Little Rock, Arkansas, and our first branch

in Denham Springs, near Baton Rouge, Louisiana

•

Closed four of the 10 branches planned for the second half of 2012

and consolidated one branch in the 3Q 2012

•

Enhanced IBKC’s digital banking tools to better serve clients:

•

Completed Image Deposit Taking Capabilities On ATMs

•

Improved on-line banking application with the launch of bank-to-bank

transfers

and

rollout

of

Direct

Connect

for

Quicken®

and

QuickBooks®

users

•

Experienced  increases in both new small business clients and

checking account openings in 3Q12

•

Continued focused effort on consumer lending business through

home equity and indirect auto product marketing

24

Wealth And Capital Markets

Wealth And Capital Markets

3Q12 Progress

•

ICP/IWA revenues of

$1.9 million (down 7%

compared to 2Q12)

•

IWA assets under

management

decreased 2%, to $902

million at September

30, 2012

•

ICP brokerage

commission continued

to grow, while

investment banking

activity slowed in 3Q12

•

Research coverage on

57 public energy

companies

•

IFS revenue up 7%, to

$2.3 million, compared

to 2Q12

Total Quarterly Revenues

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

1Q11

2Q11

3Q11

4Q11

1Q12

2Q12

3Q12

25

Appendix

Appendix

26

Appendix

Appendix

FDIC Covered Loan Portfolio Roll Forward

26

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,350,935

55,518

16.139%

1,293,160

52,019

15.968%

1,218,933

51,150

16.661%

1,153,954

55,400

18.878%

Mortgage Loans

218,922

4,799

8.768%

211,640

4,946

9.347%

196,969

5,128

10.414%

169,580

5,306

12.517%

Indirect Automobile

-

-

0.000%

-

-

0.000%

-

-

0.000%

(0)

-

0.000%

Credit Card

957

15

6.246%

901

14

6.199%

862

14

6.629%

853

14

6.746%

Consumer

162,815

3,701

9.019%

155,406

3,895

10.080%

150,236

4,324

11.577%

149,877

5,282

14.020%

Line Of Credit-Consumer Loans

79,220

2,502

12.528%

75,164

2,927

15.663%

72,370

2,953

16.410%

72,598

3,462

18.971%

Commercial & Business Banking

889,481

44,502

19.581%

850,519

40,238

18.719%

798,767

38,731

19.186%

761,048

41,335

21.257%

Loans in Process

(461)

-

0.000%

(469)

-

0.000%

(272)

-

0.000%

(3)

-

0.000%

Overdrafts

0

-

0.000%

0

-

0.000%

0

-

0.000%

0

-

0.000%

FDIC Loss Share Receivable

592,985

(29,255)

-19.305%

573,776

(27,927)

-19.255%

508,443

(28,484)

-22.163%

448,746

(33,488)

-29.201%

Net Covered Loan Portfolio

1,943,920

26,263

5.327%

1,866,937

24,092

5.142%

1,727,375

22,666

5.234%

1,602,700

21,912

5.416%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,350,935

55,518

16.139%

1,293,160

52,019

15.968%

1,218,933

51,150

16.661%

1,153,954

55,400

18.878%

CapitalSouth Bank

209,043

14,372

26.967%

198,491

6,203

12.416%

187,742

7,077

14.966%

169,584

6,480

15.034%

Orion Bank

734,021

29,565

15.817%

710,111

34,820

19.448%

673,068

33,586

19.801%

651,176

35,154

21.221%

Century Bank

281,888

5,261

7.387%

264,864

6,697

10.080%

255,610

6,134

10.080%

244,874

8,047

12.967%

Sterling Bank

125,983

6,319

19.631%

119,694

4,299

14.239%

102,513

4,353

16.829%

88,322

5,718

25.371%

FDIC Loss Share Receivable

592,985

(29,255)

-19.305%

573,776

(27,927)

-19.255%

508,443

(28,484)

-22.163%

448,746

(33,488)

-29.201%

CapitalSouth Bank

56,241

(8,707)

-60.581%

49,433

(1,917)

-15.338%

44,503

(3,285)

-29.204%

40,443

(3,213)

-31.088%

Orion Bank

355,317

(16,430)

-18.095%

349,685

(21,626)

-24.466%

306,347

(21,149)

-27.311%

271,457

(22,983)

-33.130%

Century Bank

137,868

(761)

-2.160%

136,205

(2,380)

-6.913%

119,445

(1,911)

-6.329%

101,167

(3,875)

-14.987%

Sterling Bank

43,559

(3,357)

-30.153%

38,453

(2,004)

-20.621%

38,148

(2,139)

-22.181%

35,680

(3,417)

-37.472%

Net Covered Loan Portfolio

1,943,920

26,263

5.327%

1,866,937

24,092

5.142%

1,727,375

22,666

5.234%

1,602,700

21,912

5.416%

CapitalSouth Bank

265,284

5,665

8.406%

247,924

4,286

6.882%

232,245

3,792

6.493%

210,027

3,267

6.133%

Orion Bank

1,089,338

13,135

4.756%

1,059,796

13,194

4.952%

979,415

12,436

5.033%

922,633

12,171

5.160%

Century Bank

419,756

4,500

4.252%

401,069

4,317

4.309%

375,055

4,224

4.495%

346,041

4,173

4.766%

Sterling Bank

169,542

2,963

6.841%

158,148

2,294

5.763%

140,661

2,214

6.236%

124,002

2,301

7.255%

4Q2011

1Q2012

4Q2011

2Q2012

3Q2012

1Q2012

2Q2012

3Q2012