8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 24, 2013

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 January 24, 2013, the Registrant announced its results of operations for the three and twelve months ended December 31, 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: January 24, 2013	By:	/s/ Daryl G. Byrd
		Daryl G. Byrd
		President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release reporting fourth quarter results dated January 24, 2013, issued by the Registrant.
99.2	Supplemental Materials to fourth quarter earnings conference call

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

January 24, 2013

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 8%

LAFAYETTE, LOUISIANA — IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 125-year-old IBERIABANK (www.iberiabank.com), reported operating results for the fourth quarter ended December 31, 2012. For the quarter, the Company reported income available to common shareholders of $23 million and fully diluted earnings per share (“EPS”) of $0.79, up 8% compared to the third quarter of 2012. During the fourth quarter of 2012, the Company incurred total non-operating costs of $3 million on a pre-tax basis, or $0.06 per share on an after-tax basis, and non-operating income of $2 million on a pre-tax basis, or $0.05 per share on an after-tax basis. On an operating basis, EPS in the fourth quarter of 2012 was $0.80 per share (non-GAAP; refer to press release supplemental table), down $0.03 per share, or 4%, compared to the third quarter of 2012.

Daryl G. Byrd, President and Chief Executive Officer, commented, “We finished 2012 with extraordinary client growth, a fairly stable margin, and favorable operating results in our new businesses and expanded operations. During 2012, our loan growth excluding FDIC-assisted loans was $1.4 billion, or 22%, and our total deposit growth was $1.5 billion, or 16%. Importantly, the mix of deposits improved considerably, and our asset quality, capital, and liquidity positions remain stout. We are extremely pleased with the client development opportunities throughout our footprint and future growth prospects.”

Highlights for the Fourth Quarter of 2012 and December 31, 2012:

• Increased net interest income and slight decline in net interest margin during the quarter. Tax equivalent net interest income improved $3 million, and the net interest margin declined three basis points on a linked quarter basis to 3.55%. Total tax-equivalent revenues increased approximately $7 million, or 5%, while total noninterest expenses increased $4 million, or 3%, on a linked quarter basis.

• Loan growth of $315 million, or 4%, between quarter-ends (18% annualized rate), excluding loans and other assets covered under FDIC loss share agreements (“Covered Assets”). On that basis and excluding loans that were acquired from Florida Gulf Bancorp, Inc. (“Florida Gulf”) on July 31, 2012, loans increased $1.1 billion, or 19%, over the past year.

• Total deposit growth of $835 million, or 8% (34% annualized growth), during the quarter, and $1.2 billion, or 13%, over the past year (each excluding the Florida Gulf acquisition).

• Noninterest bearing deposits climbed $116 million, or 6%, between September 30, 2012 and December 31, 2012, and $425 million, or 29%, over the past year (excluding the Florida Gulf acquisition). Since year-end 2010, noninterest bearing deposits grew $1.1 billion, or 124%, and increased from 11% of total deposits at December 31, 2010, to 18% at December 31, 2012.

• The loan loss provision in the fourth quarter of 2012 totaled $5 million, compared to $4 million in the third quarter of 2012. Net charge-offs declined to $89,000 in the fourth quarter of 2012, or an annualized 0.00% of average loans, compared to $2 million in the third quarter of 2012, or an annualized 0.10% of average loans.

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• Continued legacy asset quality strength: Nonperforming assets (“NPAs”), excluding Covered Assets and impaired loans acquired in acquisitions, equated to 0.85% of total assets at December 31, 2012, compared to 0.81% at September 30, 2012. On that basis, loans past due 30 days or more declined three basis points to 1.27% of total loans at December 31, 2012. Classified assets excluding Covered Assets decreased $16 million, or 7%, during the fourth quarter, and decreased from 2.28% of total assets at September 30, 2012, to 1.99% at December 31, 2012.

• Capital ratios remained strong. At December 31, 2012, the Company’s tangible common equity ratio was 8.66%, tier 1 common ratio was 11.74%, and total risk based capital ratio was 14.19%.

Table A - Summary Financial Results

	For Quarter Ended:									%/Basis Point
	12/31/2011			9/30/2012			12/31/2012			Change
Net Income ($ in thousands)	$	17,357		$	21,234		$	23,208			9	%
Per Share Data:
Fully Diluted Earnings	$	0.59		$	0.73		$	0.79			8	%
Operating Earnings (Non-GAAP)		0.67			0.83			0.80			-4	%
Pre-provision Operating Earnings (Non-GAAP)		0.77			0.92			0.91			-2	%
Tangible Book Value		36.80			37.07			37.34			1	%
Key Ratios:
Return on Average Assets		0.59	%		0.69	%		0.73	%		4	bps
Return on Average Common Equity		4.65	%		5.56	%		6.02	%		46	bps
Return on Average Tangible Common Equity (Non-GAAP)		6.72	%		7.91	%		8.62	%		71	bps
Net Interest Margin (TE)*		3.62	%		3.58	%		3.55	%		(3	)bps
Tangible Efficiency Ratio (TE)* (Non-GAAP)		75.2	%		74.3	%		73.2	%		(110	)bps
Tangible Common Equity Ratio (Non-GAAP)		9.52	%		9.01	%		8.66	%		(35	)bps
Tier 1 Leverage Ratio		10.45	%		10.01	%		9.70	%		(31	)bps
Tier 1 Common Ratio (Non-GAAP)		13.55	%		12.04	%		11.74	%		(30	)bps
Total Risk Based Capital Ratio		16.21	%		14.54	%		14.19	%		(35	)bps
Net Charge-Offs to Average Loans**		0.31	%		0.11	%		0.01	%		(10	)bps
Nonperforming Assets to Total Assets**		0.86	%		0.81	%		0.85	%		4	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, average earning assets increased $480 million, or 4%. The average earning asset yield declined eight basis points, while the cost of interest bearing liabilities decreased four basis points. As a result, the tax-equivalent net interest spread and the net interest margin declined four and three basis points, respectively. Tax-equivalent net interest income increased $3 million, or 3%, as the benefit of strong growth in average earning assets more than offset the slightly lower net interest spread in the fourth quarter of 2012.

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

	For Quarter Ended:									%/Basis Point
	12/31/2011			9/30/2012			12/31/2012			Change
Investment Securities		2.57	%		2.22	%		2.09	%		(13	)bps
Covered Loans, net of loss share receivable		5.33	%		5.42	%		5.55	%		13	bps
Noncovered Loans		4.91	%		4.55	%		4.52	%		(3	)bps
Loans & Loss Share Receivable		5.02	%		4.71	%		4.70	%		(1	)bps
Mortgage Loans Held For Sale		3.21	%		3.21	%		2.96	%		(25	)bps
Other Earning Assets		0.68	%		0.85	%		0.61	%		(24	)bps
Total Earning Assets		4.36	%		4.14	%		4.06	%		(8	)bps
Interest Bearing Deposits		0.80	%		0.58	%		0.53	%		(5	)bps
Short-Term Borrowings		0.27	%		0.21	%		0.21	%		(0	)bps
Long-Term Borrowings		2.84	%		3.10	%		3.17	%		7	bps
Total Interest Bearing Liabilities		0.90	%		0.69	%		0.65	%		(4	)bps
Net Interest Spread		3.46	%		3.45	%		3.41	%		(4	)bps
Net Interest Margin		3.62	%		3.58	%		3.55	%		(3	)bps

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

Movement in the net interest margin was tempered during the fourth quarter as the covered loan yield (net of loss share receivable) improved 13 basis points, offsetting the three basis point decline in the yield on non-covered loans. In addition, the 13 basis point decline in average investment yield was partially offset by a five basis point decline in the cost of interest bearing deposits, and an increase in average noninterest bearing deposits of $155 million, or 9%, on a linked quarter basis. For the first quarter of 2013, the Company projects the prospective yield on the covered loan portfolio net of the FDIC indemnification asset to approximate the level experienced in the fourth 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 $5 million loan loss provision in the fourth quarter of 2012, up less than $1 million, or 20%, on a linked quarter basis. The increase in provision was primarily attributable to loans covered under FDIC loss share agreements and acquired impaired loans, partially offset by lower required reserves on the legacy loan portfolio and acquired performing portfolio due to improved asset quality. The Company reported net charge-offs of $89,000 in the fourth quarter of 2012, or 0.00% of average loans on an annualized basis. Excluding Covered Assets and acquired impaired loans, net charge-offs were 0.01% of average loans in the fourth quarter of 2012.

Aggregate noninterest income increased $4 million, or 8%, on a linked quarter basis. The primary changes in noninterest income on a linked quarter basis were increased IBERIA Capital Partners revenues of $1.2 million, higher service charge revenues of $0.3 million, or 5%, and a $2.2 million gain associated with the redemption of a business investment acquired in the acquisition of OMNI Bancshares, Inc. Assets under management at IBERIA Wealth Advisors were $955 million at December 31, 2012. Mortgage and title insurance income were relatively stable on a linked quarter basis.

In the fourth quarter of 2012, the Company originated $677 million in residential mortgage loans, down $30 million, or 4%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 47% of mortgage loan applications in the fourth quarter of 2012, compared to 45% in the third quarter of 2012 and approximately 40% between December 31, 2012, and January 11, 2013. The Company sold $627 million in mortgage loans during the fourth quarter of 2012, down $50 million, or 7%, on a linked quarter basis. Margins on the

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sale of mortgage loans edged slightly lower on a linked quarter basis. The mortgage origination pipeline was approximately $241 million at December 31, 2012, compared to $297 million at September 30, 2012, and approximately $256 million at January 11, 2013. Mortgage loan repurchases and make-whole payments were approximately $0.2 million in the fourth quarter of 2012, unchanged from the third quarter of 2012.

Noninterest expense increased $3.6 million, or 3%, on a linked quarter basis. One-time acquisition and conversion costs associated with the Florida Gulf transaction in the fourth quarter of 2012 were $1.2 million, or $0.03 per share, down $1.8 million on a linked quarter basis. One-time acquisition and conversion costs are projected to be immaterial in the first quarter of 2013. The Company also incurred pre-tax costs associated with multiple internal projects to improve long-term earnings, efficiency, risk posture, and growth prospects totaling $1.4 million, or $0.03 per share, in line with expectations. Excluding acquisition and non-operating expenses, other changes in noninterest expense on a linked quarter basis were:

• Increased salaries and benefits costs of $1.4 million, or 2% (due primarily to a $0.3 million increase in health care costs, $0.4 million associated with recently added revenue producers in Houston, and $0.2 million for the additional month impact of Florida Gulf personnel);

• Increased occupancy and equipment expense of $0.9 million, or 7% (due primarily to $0.4 million in seasonal property tax payments and $0.2 million for the additional month impact of Florida Gulf branches);

• Increased donations, marketing, and business development expense of $2.3 million, or 111% ($1.2 million in costs associated with multiple loan and deposit campaigns and $0.7 million in business development contributions); and

• Increased FDIC insurance premium of $0.4 million, or 17% (resulting from the Florida Gulf acquisition and organic balance sheet growth); partially offset by

• Decreased mortgage commissions of $0.3 million, or 4%; and

• Decreased credit and loan-related expense of $0.5 million, or 9%.

Loans

In the fourth quarter of 2012, total loans increased $269 million, or 3%. The loan portfolio associated with FDIC-assisted acquisitions decreased $46 million, or 4%, compared to September 30, 2012. Excluding loans associated with FDIC-assisted transactions, total loans increased $315 million, or 4%, over that period (18% annualized rate). Legacy commercial loans increased $205 million, or 4%, legacy consumer loans increased $86 million, or 5%, and legacy mortgage loans increased $24 million, or 9%, during the quarter. Loan growth during the fourth quarter of 2012 was strongest in the Houston, Memphis, Birmingham, and Naples markets. Loans and commitments originated during the fourth quarter of 2012 totaled $1.2 billion, with 53% fixed rate and 47% floating rate. Energy-related loans outstanding totaled $576 million at December 31, 2012, equal to approximately 7% of total loans.

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

			Period-End Balances ($ Millions) 9/30/2012								% Change									Mix
	12/31/11		Excluding Acquired		FGB		Total		12/31/12		Year/Year			Qtr/Qtr			Annualized			9/30/12			12/31/12
Commercial	$	4,504	$	5,093	$	145	$	5,237	$	5,442		21	%		4	%		16	%		64	%		64	%
Consumer		1,288		1,560		28		1,588		1,674		30	%		5	%		22	%		19	%		20	%
Mortgage		262		222		43		266		290		10	%		9	%		36	%		3	%		3	%
Non-FDIC Loans	$	6,054	$	6,875	$	216	$	7,091	$	7,406		22	%		4	%		18	%		86	%		87	%
Covered Assets		1,334		1,139		—		1,139		1,093		-18	%		-4	%		-16	%		14	%		13	%
Total Loans	$	7,388	$	8,014	$	216	$	8,230	$	8,499		15	%		3	%		13	%		100	%		100	%

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Deposits

Total deposits increased $835 million, or 8%, from September 30, 2012 to December 31, 2012 (34% annualized growth). Noninterest bearing deposits increased $116 million, or 6%, and equated to 18% of total deposits at December 31, 2012. NOW accounts increased $484 million, or 24%, and money market and savings account volume increased $312 million, or 8% at December 31, 2012. Deposit growth in the fourth quarter was driven by commercial and retail client growth, seasonal deposits, and low-cost wholesale deposits. By year-end 2012, the Company received an influx of approximately $140 million in seasonal client deposits (primarily NOW accounts), the duration of which is expected to be less than 90 days. The Company assumed $170 million in short-term wholesale deposits at December 31, 2012 ($73 million on average during the fourth quarter of 2012 at a cost of 0.23%). Deposit growth excluding the estimated seasonal and wholesale deposits was $525 million, or 5% (21% annualized rate). Deposit growth during the fourth quarter of 2012 was strongest in the New Orleans, Houston, Birmingham, Lafayette, and Little Rock markets.

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

			Period-End Balances ($ Millions) 9/30/2012								% Change									Mix
	12/31/11		Excluding Acquired		FGB		Total		12/31/12		Year/Year			Qtr/Qtr			Annualized			9/30/12			12/31/12
Noninterest	$	1,485	$	1,794	$	58	$	1,852	$	1,968		32	%		6	%		25	%		19	%		18	%
NOW Accounts		1,877		1,997		42		2,039		2,523		34	%		24	%		95	%		21	%		24	%
Savings/MMkt		3,381		3,652		139		3,791		4,103		21	%		8	%		33	%		38	%		38	%
Time Deposits		2,546		2,184		47		2,231		2,154		-15	%		-3	%		-14	%		22	%		20	%
Total Deposits	$	9,289	$	9,627	$	286	$	9,913	$	10,748		16	%		8	%		34	%		100	%		100	%

On an average balance and linked quarter basis, noninterest bearing deposits increased $155 million, or 9%, and interest-bearing deposits increased $455 million, or 6%. The rate on average interest bearing deposits in the fourth quarter of 2012 was 0.53%, a decrease of five basis points on a linked quarter basis. Approximately $1.5 billion in time deposits are scheduled to re-price over the next 12 months at a weighted average cost of 0.74%. An additional $0.3 billion in time deposits are scheduled to re-price the following 12 months at a weighted average cost of 1.27%. During the fourth quarter of 2012, new and re-priced time deposits were booked at an average cost of 0.54%. The Company experienced a time deposit retention rate of 90% in 2012 with an average 46 basis point reduction in rate.

Other Assets And Funding

The Company significantly improved its liquidity position in the fourth quarter of 2012. Total cash and equivalents increased $348 million, or 56%, to $1.0 billion. The investment portfolio equated to $1.9 billion, or 15% of total assets at December 31, 2012, down slightly compared to 16% at September 30, 2012. The investment portfolio had a modified duration of 2.8 years at December 31, 2012, up slightly compared to 2.7 years at September 30, 2012. The unrealized gain in the portfolio decreased from $51 million at September 30, 2012, to $44 million at December 31, 2012. The average yield on investment securities declined 13 basis points on a linked quarter basis to 2.09% in the fourth 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 December 31, 2012. The Company holds no sovereign debt or derivative exposure to foreign counterparties.

As a result of strong deposit growth, the Company paid off all overnight borrowings during the fourth quarter. Long-term debt (including trust preferred securities) decreased $6 million, or 1%, between quarter-ends. On a linked quarter basis, average long-term debt decreased $15 million, or 3%, and the cost of debt increased seven basis points to 3.17%. The cost of average interest bearing liabilities was 0.65% in the fourth quarter of 2012, a decrease of four basis points on a linked quarter basis. For the month of December 2012, the average cost of interest bearing liabilities was 0.63%.

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Asset Quality

Excluding $568 million in NPAs which were Covered Assets or acquired impaired loans marked to fair value, NPAs at December 31, 2012 were $99 million, up $10 million, or 11%, compared to September 30, 2012. The increase in NPAs was primarily attributable to three loan relationships, of which the Company anticipates no material loss associated with the ultimate resolution of those loans. NPAs equated to 0.85% of total assets at December 31, 2012, compared to 0.81% of assets at September 30, 2012. Loans past due 30 days or more (including nonaccruing loans) increased $2 million, or 3%, and represented 1.27% of total loans at December 31, 2012, down compared to 1.30% at September 30, 2012. Classified assets declined $16 million, or 7% during the fourth quarter of 2012.

Table E - Asset Quality Summary

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

	For Quarter Ended:									% or Basis Point Change
($ thousands)	12/31/2011			9/30/2012			12/31/2012			Year/Year			Qtr/Qtr
Nonperforming Assets	$	83,884		$	88,454		$	98,510			17	%		11	%
Past Due Loans		83,338			91,016			93,358			12	%		3	%
Classified Assets		205,920			247,923			231,586			12	%		-7	%
Nonperforming Assets/Assets		0.86	%		0.81	%		0.85	%		(1	)bps		4	bps
NPAs/(Loans + OREO)		1.39	%		1.26	%		1.34	%		(5	)bps		8	bps
Classified Assets/Total Assets		2.10	%		2.28	%		1.99	%		(11	)bps		(29	)bps
(Past Dues & Nonaccruals)/Loans		1.38	%		1.30	%		1.27	%		(11	)bps		(3	)bps
Provision For Credit Losses	$	2,620		$	1,735		$	362			-86	%		-79	%
Net Charge-Offs/(Recoveries)		4,622			1,923			91			-98	%		-95	%
Provision Less Net Charge-Offs	$	(2,002	)	$	(188	)	$	271			-114	%		-244	%
Net Charge-Offs/Average Loans		0.31	%		0.11	%		0.01	%		(30	)		(10	)
Reserve For Credit Losses/Loans		1.24	%		1.13	%		1.08	%		(16	)		(5	)

Excluding Covered Assets and acquired impaired loans, troubled debt restructurings at December 31, 2012, totaled $18 million, or 0.24% of total loans (compared to 0.31% of loans at September 30, 2012). All but $2 million of the troubled debt restructurings were included in NPAs at December 31, 2012.

Capital Position

The Company maintains favorable capital strength. At December 31, 2012, the Company reported a tangible common equity ratio of 8.66%, down 35 basis points compared to September 30, 2012. At that date, the Company’s preliminary Tier 1 leverage ratio was 9.70%, down 31 basis points compared to September 30, 2012. The Company’s preliminary total risk-based capital ratio at December 31, 2012 was 14.19%, down 35 basis points compared to September 30, 2012. The declines in these capital ratios were the result of strong organic balance sheet growth.

On October 26, 2011, the Company announced a share repurchase program totaling 900,000 shares of common stock. No shares were repurchased under this program during the fourth quarter of 2012. A total of 46,692 shares remain under the currently authorized share repurchase program.

At December 31, 2012, book value per share was $51.88, up $0.44 per share compared to September 30, 2012. Tangible book value per share was $37.34, up $0.27 per share compared to September 30, 2012. Based on the closing stock price of the Company’s common stock of $51.75 per share on January 24, 2013, this price equated to 1.00 times December 31, 2012 book value and 1.39 times December 31, 2012 tangible book value per share.

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On December 10, 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 2.63%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 278 combined offices, including 184 bank branch offices and one LPO in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title insurance offices in Arkansas and Louisiana, mortgage representatives in 62 locations in 12 states, nine locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, LLC office in New Orleans. Since September 30, 2012, the Company opened seven bank branch offices in the New Orleans, Birmingham, Houston, Baton Rouge, and Naples markets.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.5 billion, based on the NASDAQ closing stock price on January 24, 2013.

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 Friday, January 25, 2013, beginning at 9:00 a.m. Central Time by dialing 1-800-230-1059. The confirmation code for the call is 276812. A replay of the call will be available until midnight Central Time on February 1, 2013 by dialing 1-800-475-6701. The confirmation code for the replay is 276812. 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-

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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 level of market volatility, 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 and those of third-party providers of those services, hurricanes and other adverse weather events, the modest 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.

8

Table 1 - IBERIABANK CORPORATION

FINANCIAL HIGHLIGHTS

	For The Quarter Ended December 31,									For The Quarter  Ended September 30,
	2012			2011			% Change			2012			% Change
Income Data (in thousands):
Net Interest Income	$	99,990		$	92,573			8	%	$	96,726			3	%
Net Interest Income (TE) (1)		102,439			94,918			8	%		99,143			3	%
Net Income		23,208			17,357			34	%		21,234			9	%
Earnings Available to Common Shareholders - Basic		23,208			17,357			34	%		21,234			9	%
Earnings Available to Common Shareholders - Diluted		22,780			17,050			34	%		20,828			9	%
Per Share Data:
Earnings Available to Common Shareholders - Basic	$	0.79		$	0.59			33	%	$	0.73			8	%
Earnings Available to Common Shareholders - Diluted		0.79			0.59			33	%		0.73			8	%
Operating Earnings (Non-GAAP)		0.80			0.67			19	%		0.83			(4	%)
Book Value		51.88			50.48			3	%		51.44			1	%
Tangible Book Value (2)		37.34			36.80			1	%		37.07			1	%
Cash Dividends		0.34			0.34			—			0.34			—
Closing Stock Price		49.12			49.30			(0	%)		45.80			7	%
Key Ratios: (3)
Operating Ratios:
Return on Average Assets		0.73	%		0.59	%					0.69	%
Return on Average Common Equity		6.02	%		4.65	%					5.56	%
Return on Average Tangible Common Equity (2)		8.62	%		6.72	%					7.91	%
Net Interest Margin (TE) (1)		3.55	%		3.62	%					3.58	%
Efficiency Ratio		75.5	%		77.9	%					76.7	%
Tangible Efficiency Ratio (TE) (1) (2)		73.2	%		75.2	%					74.3	%
Full-time Equivalent Employees		2,697			2,582						2,684
Capital Ratios:
Tangible Common Equity Ratio (Non-GAAP)		8.66	%		9.52	%					9.01	%
Tangible Common Equity to Risk-Weighted Assets		12.01	%		13.86	%					12.35	%
Tier 1 Leverage Ratio		9.70	%		10.45	%					10.01	%
Tier 1 Capital Ratio		12.92	%		14.94	%					13.27	%
Total Risk Based Capital Ratio		14.19	%		16.21	%					14.54	%
Common Stock Dividend Payout Ratio		43.2	%		57.5	%					47.2	%
Asset Quality Ratios:
Excluding FDIC Covered Assets and acquired impaired loans
Nonperforming Assets to Total Assets (4)		0.85	%		0.86	%					0.81	%
Allowance for Credit Losses to Loans		1.08	%		1.24	%					1.13	%
Net Charge-offs to Average Loans		0.01	%		0.31	%					0.11	%
Nonperforming Assets to Total Loans and OREO (4)		1.34	%		1.39	%					1.26	%

	For The Quarter Ended				For The Quarter Ended
	December 31,				September 30,		June 30,		March 31,
	2012		2012		2012		2012		2012
	End of Period		Average		Average		Average		Average
Balance Sheet Summary (in thousands):
Excess Liquidity (5)	$	722,763	$	432,752	$	238,203	$	294,171	$	326,810
Total Investment Securities		1,950,066		1,957,542		2,005,975		2,048,001		2,047,168
Loans, Net of Unearned Income		8,498,580		8,384,218		8,016,829		7,592,677		7,381,188
Loans, Net of Unearned Income, Excluding Covered Loans and SOP 03-3		7,341,626		7,212,648		6,810,490		6,400,351		6,053,548
Total Assets		13,129,678		12,692,665		12,182,554		11,817,101		11,688,081
Total Deposits		10,748,277		10,315,944		9,705,957		9,463,392		9,380,956
Total Shareholders’ Equity		1,529,868		1,533,561		1,519,338		1,504,102		1,496,782

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

⁽²⁾  Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

⁽³⁾  All ratios are calculated on an annualized basis for the period indicated.

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

⁽⁵⁾  Excess Liquidity includes interest-bearing deposits in banks and fed funds sold, but excludes liquidity sources and uses from off-balance sheet arrangements.

Table 2 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

BALANCE SHEET (End of Period)	December 31,									September 30,
	2012			2011			% Change			2012			% Change
ASSETS
Cash and Due From Banks	$	248,214		$	194,171			27.8	%	$	206,373			20.3	%
Interest-bearing Deposits in Banks		722,763			379,125			90.6	%		416,693			73.5	%
Total Cash and Equivalents		970,977			573,296			69.4	%		623,066			55.8	%
Investment Securities Available for Sale		1,745,004			1,805,205			(3.3	%)		1,757,934			(0.7	%)
Investment Securities Held to Maturity		205,062			192,764			6.4	%		188,999			8.5	%
Total Investment Securities		1,950,066			1,997,969			(2.4	%)		1,946,933			0.2	%
Mortgage Loans Held for Sale		267,475			153,013			74.8	%		211,132			26.7	%
Loans, Net of Unearned Income		8,498,580			7,388,037			15.0	%		8,229,946			3.3	%
Allowance for Credit Losses		(251,603	)		(193,761	)		29.9	%		(201,387	)		24.9	%
Loans, Net		8,246,977			7,194,276			14.6	%		8,028,559			2.7	%
Loss Share Receivable		423,069			591,844			(28.5	%)		431,167			(1.9	%)
Premises and Equipment		303,523			285,607			6.3	%		304,699			(0.4	%)
Goodwill and Other Intangibles		429,584			401,888			6.9	%		424,154			1.3	%
Other Assets		538,007			560,035			(3.9	%)		564,409			(4.7	%)
Total Assets	$	13,129,678		$	11,757,928			11.7	%	$	12,534,119			4.8	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	1,967,662		$	1,485,058			32.5	%	$	1,851,569			6.3	%
NOW Accounts		2,523,252			1,876,797			34.4	%		2,038,783			23.8	%
Savings and Money Market Accounts		4,103,183			3,381,502			21.3	%		3,791,616			8.2	%
Certificates of Deposit		2,154,180			2,545,656			(15.4	%)		2,231,143			(3.4	%)
Total Deposits		10,748,277			9,289,013			15.7	%		9,913,111			8.4	%
Short-term Borrowings		—			192,000			(100.0	%)		290,000			(100.0	%)
Securities Sold Under Agreements to Repurchase		303,045			203,543			48.9	%		241,501			25.5	%
Trust Preferred Securities		111,862			111,862			0.0	%		111,862			0.0	%
Other Long-term Debt		311,515			340,871			(8.6	%)		317,442			(1.9	%)
Other Liabilities		125,111			137,978			(9.3	%)		145,049			(13.7	%)
Total Liabilities		11,599,810			10,275,267			12.9	%		11,018,965			5.3	%
Total Shareholders’ Equity		1,529,868			1,482,661			3.2	%		1,515,154			1.0	%
Total Liabilities and Shareholders’ Equity	$	13,129,678		$	11,757,928			11.7	%	$	12,534,119			4.8	%
BALANCE SHEET (Average)	December 31,			September 30,			June 30,			March 31,			December 31,
	2012			2012			2012			2012			2011
ASSETS
Cash and Due From Banks	$	212,404		$	192,891		$	188,260		$	189,182		$	188,517
Interest-bearing Deposits in Banks		432,752			236,653			294,171			326,810			328,869
Investment Securities		1,957,542			2,005,975			2,048,001			2,047,168			2,051,564
Mortgage Loans Held for Sale		212,432			182,543			135,273			117,186			131,787
Loans, Net of Unearned Income		8,384,218			8,016,829			7,592,677			7,381,188			7,224,613
Allowance for Credit Losses		(196,634	)		(180,798	)		(173,023	)		(185,952	)		(167,433	)
Loss Share Receivable		411,328			448,746			508,443			573,776			592,985
Other Assets		1,278,623			1,279,715			1,223,299			1,238,723			1,234,283
Total Assets	$	12,692,665		$	12,182,554		$	11,817,101		$	11,688,081		$	11,585,185
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	1,928,361		$	1,773,302		$	1,640,327		$	1,530,504		$	1,455,097
NOW Accounts		2,207,032			2,023,769			1,985,248			1,924,371			1,718,337
Savings and Money Market Accounts		3,935,675			3,701,947			3,524,641			3,481,073			3,413,278
Certificates of Deposit		2,244,876			2,206,939			2,313,176			2,445,008			2,665,935
Total Deposits		10,315,944			9,705,957			9,463,392			9,380,956			9,252,647
Short-term Borrowings		9,239			121,957			27,857			4,220			4,337
Securities Sold Under Agreements to Repurchase		262,027			245,486			245,401			219,846			218,926
Trust Preferred Securities		111,862			113,905			111,862			111,862			111,862
Long-term Debt		312,190			324,923			313,451			324,468			343,687
Other Liabilities		147,842			150,988			151,036			149,947			173,188
Total Liabilities		11,159,104			10,663,216			10,312,999			10,191,299			10,104,647
Total Shareholders’ Equity		1,533,561			1,519,338			1,504,102			1,496,782			1,480,538
Total Liabilities and Shareholders’ Equity	$	12,692,665		$	12,182,554		$	11,817,101		$	11,688,081		$	11,585,185

Table 3 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Three Months Ended
	December 31,									September 30,
INCOME STATEMENT	2012			2011			% Change			2012			% Change
Interest Income	$	114,779		$	111,799			2.7	%	$	111,951			2.5	%
Interest Expense		14,789			19,226			(23.1	%)		15,225			(2.9	%)
Net Interest Income		99,990			92,573			8.0	%		96,726			3.4	%
Provision for Credit Losses		4,866			4,278			13.7	%		4,053			20.1	%
Net Interest Income After Provision for Loan Losses		95,124			88,295			7.7	%		92,673			2.6	%
Service Charges		7,295			6,613			10.3	%		6,952			4.9	%
ATM / Debit Card Fee Income		2,412			1,997			20.8	%		2,377			1.5	%
BOLI Proceeds and Cash Surrender Value Income		909			899			1.1	%		916			(0.8	%)
Mortgage Income		22,935			13,274			72.8	%		23,215			(1.2	%)
Gain (Loss) on Sale of Investments, Net		(4	)		793			(100.5	%)		41			(109.7	%)
Title Revenue		5,492			4,846			13.3	%		5,623			(2.3	%)
Broker Commissions		4,192			2,457			70.6	%		3,092			35.6	%
Other Noninterest Income		7,123			4,576			55.7	%		4,337			64.2	%
Total Noninterest Income		50,354			35,455			42.0	%		46,553			8.2	%
Salaries and Employee Benefits		60,899			51,416			18.4	%		59,938			1.6	%
Occupancy and Equipment		15,176			14,404			5.4	%		13,869			9.4	%
Amortization of Acquisition Intangibles		1,285			1,384			(7.1	%)		1,287			(0.1	%)
Other Noninterest Expense		36,081			32,522			10.9	%		34,754			3.8	%
Total Noninterest Expense		113,441			99,726			13.8	%		109,848			3.3	%
Income Before Income Taxes		32,037			24,024			33.4	%		29,378			9.1	%
Income Taxes		8,829			6,667			32.4	%		8,144			8.4	%
Net Income	$	23,208		$	17,357			33.7	%	$	21,234			9.3	%
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		23,208			17,357			33.7	%		21,234			9.3	%
Earnings Allocated to Unvested Restricted Stock		(428	)		(307	)		39.5	%		(406	)		5.3	%
Earnings Available to Common Shareholders - Diluted		22,780			17,050			33.6	%		20,828			9.4	%
Earnings Per Share, Diluted	$	0.79		$	0.59			33.4	%	$	0.73			8.0	%
Impact of Non-Operating Expenses (Non-GAAP)	$	0.01		$	0.08			(88.4	%)	$	0.10			(90.7	%)
Earnings Per Share, Diluted, Excluding Non-operating Expenses (Non-GAAP)	$	0.80		$	0.67			18.7	%	$	0.83			(4.2	%)
NUMBER OF SHARES OUTSTANDING
Basic Shares - All Classes (Average)		29,401,395			29,307,297			0.3	%		29,066,000			1.2	%
Diluted Shares - Common Shareholders (Average)		28,904,317			28,857,342			0.2	%		28,548,432			1.2	%
Book Value Shares (Period End) (1)		29,489,745			29,373,905			0.4	%		29,456,748			0.1	%
	2012												2011
INCOME STATEMENT	Fourth Quarter			Third Quarter			Second Quarter			First Quarter			Fourth Quarter
Interest Income	$	114,779		$	111,951		$	109,283		$	109,187		$	111,799
Interest Expense		14,789			15,225			16,111			17,326			19,226
Net Interest Income		99,990			96,726			93,172			91,861			92,573
Provision for Credit Losses		4,866			4,053			8,895			2,857			4,278
Net Interest Income After Provision for Loan Losses		95,124			92,673			84,277			89,004			88,295
Total Noninterest Income		50,354			46,553			41,694			37,396			35,455
Total Noninterest Expense		113,441			109,848			109,022			99,873			99,726
Income Before Income Taxes		32,037			29,378			16,949			26,527			24,024
Income Taxes		8,829			8,144			4,389			7,134			6,667
Net Income	$	23,208		$	21,234		$	12,560		$	19,393		$	17,357
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		23,208			21,234			12,560			19,393			17,357
Earnings Allocated to Unvested Restricted Stock		(428	)		(406	)		(240	)		(364	)		(307	)
Earnings Available to Common Shareholders - Diluted	$	22,780		$	20,828		$	12,320		$	19,029		$	17,051
Earnings Per Share, Basic	$	0.79		$	0.73		$	0.43		$	0.66		$	0.59
Earnings Per Share, Diluted	$	0.79		$	0.73		$	0.43		$	0.66		$	0.59
Book Value Per Common Share	$	51.88		$	51.44		$	50.68		$	50.67		$	50.48
Tangible Book Value Per Common Share	$	37.34		$	37.07		$	37.28		$	37.23		$	36.80
Return on Average Assets		0.73	%		0.69	%		0.43	%		0.67	%		0.59	%
Return on Average Common Equity		6.02	%		5.56	%		3.36	%		5.21	%		4.65	%
Return on Average Tangible Common Equity		8.62	%		7.91	%		4.86	%		7.43	%		6.72	%

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

Table 4 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Year Ended
	December 31,
INCOME STATEMENT	2012			2011			% Change
Interest Income	$	445,200		$	420,327			5.9	%
Interest Expense		63,450			82,069			(22.7	%)
Net Interest Income		381,750			338,258			12.9	%
Provision for Credit Losses		20,671			25,867			(20.1	%)
Net Interest Income After Provision for Loan Losses		361,079			312,391			15.6	%
Service Charges		26,852			25,915			3.6	%
ATM / Debit Card Fee Income		8,978			11,008			(18.4	%)
BOLI Proceeds and Cash Surrender Value Income		3,680			3,296			11.6	%
Mortgage Income		78,053			45,177			72.8	%
Gain on Sale of Investments, net		3,775			3,475			8.6	%
Title Revenue		20,987			18,048			16.3	%
Broker Commissions		13,446			10,224			31.5	%
Other Noninterest Income		20,226			14,716			37.4	%
Total Noninterest Income		175,997			131,859			33.5	%
Salaries and Employee Benefits		233,777			193,773			20.6	%
Occupancy and Equipment		54,672			49,600			10.2	%
Amortization of Acquisition Intangibles		5,150			5,121			0.6	%
Other Noninterest Expense		138,586			125,237			10.7	%
Total Noninterest Expense		432,185			373,731			15.6	%
Income Before Income Taxes		104,891			70,519			48.7	%
Income Taxes		28,496			16,981			67.8	%
Net Income	$	76,395		$	53,538			42.7	%
Preferred Stock Dividends		—			—			—
Earnings Available to Common Shareholders - Basic		76,395			53,538			42.7	%
Earnings Allocated to Unvested Restricted Stock		(1,433	)		(967	)		48.2	%
Earnings Available to Common Shareholders - Diluted		74,962			52,571			42.6	%
Earnings Per Share, diluted	$	2.59		$	1.87			38.0	%

Table 5 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	December 31,									September 30,
LOANS	2012			2011			% Change			2012			% Change
Residential Mortgage Loans:		476,852			538,500			(11.4	%)		463,402			2.9	%
Commercial Loans:
Real Estate		3,632,045			3,363,891			8.0	%		3,549,837			2.3	%
Business		2,537,716			2,005,234			26.6	%		2,449,125			3.6	%
Total Commercial Loans		6,169,761			5,369,125			14.9	%		5,998,962			2.8	%
Consumer Loans:
Indirect Automobile		327,985			261,896			25.2	%		319,389			2.7	%
Home Equity		1,250,977			1,019,110			22.8	%		1,200,886			4.2	%
Automobile		60,240			38,600			56.1	%		55,244			9.0	%
Credit Card Loans		52,628			48,732			8.0	%		49,330			6.7	%
Other		160,137			112,074			42.9	%		142,734			12.2	%
Total Consumer Loans		1,851,967			1,480,412			25.1	%		1,767,582			4.8	%
Total Loans		8,498,580			7,388,037			15.0	%		8,229,946			3.3	%
Allowance for Credit Losses		(251,603	)		(193,761	)					(201,387	)
Loans, Net	$	8,246,977		$	7,194,276					$	8,028,559
	December 31,									September 30,
ASSET QUALITY DATA (1)	2012			2011			% Change			2012			% Change
Nonaccrual Loans	$	540,867		$	719,236			(24.8	%)	$	567,006			(4.6	%)
Foreclosed Assets		1,473			4			40196.0	%		1,648			(10.6	%)
Other Real Estate Owned		120,063			125,042			(4.0	%)		127,525			(5.9	%)
Accruing Loans More Than 90 Days Past Due		4,404			29,003			(84.8	%)		5,538			(20.5	%)
Total Nonperforming Assets	$	666,807		$	873,285			(23.6	%)	$	701,717			(5.0	%)
Loans 30-89 Days Past Due	$	47,899		$	86,467			(44.6	%)	$	59,063			(18.9	%)
Nonperforming Assets to Total Assets		5.08	%		7.43	%		(31.6	%)		5.60	%		(9.3	%)
Nonperforming Assets to Total Loans and OREO		7.74	%		11.62	%		(33.4	%)		8.39	%		(7.9	%)
Allowance for Credit Losses to Nonperforming Loans (2)		46.1	%		25.9	%		78.2	%		35.2	%		31.2	%
Allowance for Credit Losses to Nonperforming Assets		37.7	%		22.2	%		70.1	%		28.7	%		31.5	%
Allowance for Credit Losses to Total Loans		2.96	%		2.62	%		12.9	%		2.45	%		21.0	%
Year to Date Charge-offs	$	10,101		$	16,535			(38.9	%)	$	7,230			N/M
Year to Date Recoveries		(5,277	)		(8,351	)		(36.8	%)		(2,495	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	4,824		$	8,184			(41.1	%)	$	4,735			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	89		$	5,350			(98.3	%)	$	1,923			(95.4	%)
Quarter to Date Net Charge-offs to Average Loans (Annualized)		0.00	%		0.29	%		(98.6	%)		0.10	%		(95.6	%)

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

⁽²⁾  Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due.

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

Table 6 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	December 31,									September 30,
LOANS (Ex-Covered Assets and Acquired Impaired Loans) (1)	2012			2011			% Change			2012			% Change
Residential Mortgage Loans:		289,357			283,113			2.2	%		265,639			8.9	%
Commercial Loans:
Real Estate		2,935,839			2,586,694			13.5	%		2,819,990			4.1	%
Business		2,447,196			1,869,965			30.9	%		2,353,628			4.0	%
Total Commercial Loans		5,383,035			4,456,659			20.8	%		5,173,618			4.0	%
Consumer Loans:
Indirect Automobile		327,916			261,879			25.2	%		319,309			2.7	%
Home Equity		1,072,117			825,216			29.9	%		1,018,983			5.2	%
Automobile		60,232			38,592			56.1	%		55,234			9.0	%
Credit Card Loans		51,722			47,763			8.3	%		48,454			6.7	%
Other		157,247			105,387			49.2	%		140,174			12.2	%
Total Consumer Loans		1,669,234			1,278,837			30.5	%		1,582,154			5.5	%
Total Loans		7,341,626			6,018,609			22.0	%		7,021,411			4.6	%
Allowance for Credit Losses		(79,537	)		(74,861	)					(79,562	)
Loans, Net	$	7,262,089		$	5,943,748					$	6,941,849
ASSET QUALITY DATA (Ex-Covered Assets and Acquired	December 31,									September 30,
Impaired Loans) (1)	2012			2011			% Change			2012			% Change
Nonaccrual Loans	$	70,354		$	60,303			16.7	%	$	66,201			6.3	%
Foreclosed Assets		14			4			262.2	%		19			(28.5	%)
Other Real Estate Owned		26,366			19,997			31.9	%		18,448			42.9	%
Accruing Loans More Than 90 Days Past Due		1,776			3,580			(50.4	%)		3,786			(53.1	%)
Total Nonperforming Assets	$	98,510		$	83,884			17.4	%	$	88,454			11.4	%
Loans 30-89 Days Past Due	$	21,228		$	19,455			9.1	%	$	21,029			0.9	%
Troubled Debt Restructurings (2)		17,710			23,953			(26.1	%)		21,840			(18.9	%)
Current Troubled Debt Restructurings (3)		2,354			55			4211.9	%		483			386.9	%
Nonperforming Assets to Total Assets		0.85	%		0.86	%		(0.9	%)		0.81	%		4.5	%
Nonperforming Assets to Total Loans and OREO		1.34	%		1.39	%		(3.8	%)		1.26	%		6.4	%
Allowance for Credit Losses to Nonperforming Loans (4)		110.3	%		117.2	%		(5.9	%)		113.7	%		(3.0	%)
Allowance for Credit Losses to Nonperforming Assets		80.7	%		89.2	%		(9.5	%)		89.9	%		(10.2	%)
Allowance for Credit Losses to Total Loans		1.08	%		1.24	%		(12.9	%)		1.13	%		(4.4	%)
Year to Date Charge-offs	$	9,751		$	15,398			(36.7	%)	$	6,839			N/M
Year to Date Recoveries		(5,296	)		(7,825	)		(32.3	%)		(2,475	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	4,455		$	7,573			(41.2	%)	$	4,364			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	91		$	4,622			(98.0	%)	$	1,923			(95.3	%)
Quarter to Date Net Charge-offs to Average Loans (Annualized)		0.01	%		0.31	%		(98.4	%)		0.11	%		(95.5	%)

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

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

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

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

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

Table 7 - Non-Covered and Net Covered Loan Portfolio Volumes And Yields ($ in Millions)

	4Q 2011					1Q 2012					2Q 2012					3Q 2012					4Q 2012
	Average Balance		Yield			Average Balance		Yield			Average Balance		Yield			Average Balance		Yield			Average Balance		Yield
Non Covered Loans	$	5,874		4.91	%	$	6,088		4.78	%	$	6,374		4.68	%	$	6,863		4.55	%	$	7,272		4.52	%
FDIC Covered Loans	$	1,351		16.14	%	$	1,293		15.97	%	$	1,219		16.66	%	$	1,154		18.88	%	$	1,112		17.53	%
FDIC Indemnification Asset		593		-19.31	%		574		-19.26	%		508		-22.16	%		449		-29.20	%		411		-26.83	%
Net Covered Loans	$	1,944		5.33	%	$	1,867		5.14	%	$	1,727		5.23	%	$	1,603		5.42	%	$	1,523		5.55	%

Table 8 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	December 31, 2012									September 30, 2012						December 31, 2011
	Interest			Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans		8,344		$	433,164			7.70	%	$	418,925			7.80	%	$	492,262			7.01	%
Commercial Loans (TE) (1)		94,168			6,101,343			6.13	%		5,832,375			6.61	%		5,235,122			7.22	%
Consumer and Other Loans		29,219			1,849,711			6.28	%		1,765,529			6.35	%		1,497,229			6.29	%
Total Loans		131,731			8,384,218			6.25	%		8,016,829			6.61	%		7,224,613			7.01	%
Loss Share Receivable		(28,201	)		411,328			-26.83	%		448,746			-29.20	%		592,985			-19.31	%
Total Loans and Loss Share Receivable		103,530			8,795,546			4.70	%		8,465,575			4.71	%		7,817,598			5.02	%
Mortgage Loans Held for Sale		1,571			212,432			2.96	%		182,543			3.21	%		131,787			3.21	%
Investment Securities (TE) (1)(2)		8,933			1,896,092			2.09	%		1,963,451			2.22	%		1,985,826			2.57	%
Other Earning Assets		745			486,544			0.61	%		298,681			0.85	%		385,158			0.68	%
Total Earning Assets		114,779			11,390,614			4.06	%		10,910,250			4.14	%		10,320,369			4.36	%
Allowance for Credit Losses					(196,634	)					(180,798	)					(167,433	)
Nonearning Assets					1,498,685						1,453,102						1,432,249
Total Assets				$	12,692,665					$	12,182,554					$	11,585,185
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts		1,899		$	2,207,032			0.34	%	$	2,023,769			0.35	%	$	1,718,337			0.41	%
Savings and Money Market Accounts		4,210			3,935,675			0.43	%		3,701,947			0.46	%		3,413,278			0.55	%
Certificates of Deposit		5,100			2,244,876			0.90	%		2,206,939			1.00	%		2,665,935			1.38	%
Total Interest-bearing Deposits		11,209			8,387,583			0.53	%		7,932,655			0.58	%		7,797,550			0.80	%
Short-term Borrowings		143			271,266			0.21	%		367,443			0.21	%		223,263			0.27	%
Long-term Debt		3,437			424,052			3.17	%		438,828			3.10	%		455,549			2.84	%
Total Interest-bearing Liabilities		14,789			9,082,901			0.65	%		8,738,926			0.69	%		8,476,362			0.90	%
Noninterest-bearing Demand Deposits					1,928,361						1,773,302						1,455,097
Noninterest-bearing Liabilities					147,842						150,988						173,188
Total Liabilities					11,159,104						10,663,216						10,104,647
Shareholders’ Equity					1,533,561						1,519,338						1,480,538
Total Liabilities and Shareholders’ Equity				$	12,692,665					$	12,182,554					$	11,585,185
Net Interest Spread				$	99,990			3.41	%	$	96,726			3.45	%	$	92,573			3.46	%
Tax-equivalent Benefit					2,449			0.08	%		2,417			0.09	%		2,345			0.09	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)				$	102,439			3.55	%	$	99,143			3.58	%	$	94,918			3.62	%

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

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

Table 9 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Year Ended
	December 31, 2012									December 31, 2011
	Interest			Average Balance			Average Yield/Rate (%)			Interest			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans		33,254		$	442,088			7.52	%		38,379		$	550,361			6.97	%
Commercial Loans (TE) (1)		373,497			5,703,163			6.54	%		306,089			4,787,680			6.41	%
Consumer and Other Loans		107,192			1,700,427			6.30	%		91,704			1,399,953			6.55	%
Total Loans		513,943			7,845,678			6.54	%		436,172			6,737,994			6.49	%
Loss Share Receivable		(118,100	)		485,270			-23.94	%		(72,086	)		648,248			-10.97	%
Total Loans and Loss Share Receivable		395,843			8,330,948			4.77	%		364,086			7,386,242			4.96	%
Mortgage Loans Held for Sale		5,318			162,053			3.28	%		3,479			81,304			4.28	%
Investment Securities (TE) (1)(2)		41,266			1,959,754			2.31	%		50,716			2,036,071			2.65	%
Other Earning Assets		2,773			379,660			0.73	%		2,046			277,152			0.74	%
Total Earning Assets		445,200			10,832,415			4.16	%		420,327			9,780,769			4.35	%
Allowance for Credit Losses					(184,127	)								(155,851	)
Nonearning Assets					1,448,684									1,265,272
Total Assets				$	12,096,972								$	10,890,190
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts		7,475		$	2,035,544			0.37	%		7,579		$	1,554,368			0.49	%
Savings and Money Market Accounts		17,034			3,661,697			0.47	%		21,991			3,186,508			0.69	%
Certificates of Deposit		24,855			2,302,081			1.08	%		40,984			2,699,279			1.52	%
Total Interest-bearing Deposits		49,364			7,999,322			0.62	%		70,554			7,440,155			0.95	%
Short-term Borrowings		650			284,201			0.22	%		577			220,146			0.26	%
Long-term Debt		13,436			431,133			3.07	%		10,938			440,077			2.45	%
Total Interest-bearing Liabilities		63,450			8,714,656			0.73	%		82,069			8,100,378			1.01	%
Noninterest-bearing Demand Deposits					1,718,849									1,205,697
Noninterest-bearing Liabilities					149,950									161,859
Total Liabilities					10,583,455									9,467,934
Shareholders’ Equity					1,513,517									1,422,256
Total Liabilities and Shareholders’ Equity				$	12,096,972								$	10,890,190
Net Interest Spread				$	381,750			3.43	%				$	338,258			3.34	%
Tax-equivalent Benefit					9,659			0.09	%					8,178			0.09	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)				$	391,409			3.58	%				$	346,436			3.51	%

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

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

Table 10 - IBERIABANK CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(dollars in thousands, except per share data)

	For The Quarter Ended
	December 31, 2012			September 30, 2012			December 31, 2011
Net Interest Income (GAAP)	$	99,990		$	96,726		$	92,573
Effect of Tax Benefit on Interest Income		2,449			2,417			2,345
Net Interest Income (TE) (Non-GAAP) (1)		102,439			99,143			94,918
Noninterest Income (GAAP)		50,354			46,553			35,455
Effect of Tax Benefit on Noninterest Income		489			493			484
Noninterest Income (TE) (Non-GAAP) (1)		50,843			47,046			35,939
Taxable Equivalent Revenues (Non-GAAP) (1)		153,282			146,189			130,857
Securities Losses (Gains)		4			(41	)		(793	)
Other noninterest income		(2,196	)		—			—
Taxable Equivalent Operating Revenues (Non-GAAP) (1)	$	151,090		$	146,148		$	130,064
Total Noninterest Expense (GAAP)	$	113,441		$	109,848		$	99,726
Less Intangible Amortization Expense		(1,285	)		(1,287	)		(1,384	)
Tangible Noninterest Expense (Non-GAAP) (2)		112,156			108,561			98,342
Merger-related expenses		1,183			2,985			4,055
Severance expenses		370			712			206
Occupancy expenses and branch closure expenses		711			284			—
Professsional expenses and litigation settlements		339			574			193
Tangible Operating Noninterest Expense (Non-GAAP) (2)	$	109,553		$	104,006		$	93,888
Return on Average Common Equity (GAAP)		6.02	%		5.56	%		4.65	%
Effect of Intangibles (2)		2.60	%		2.35	%		2.07	%
Effect of Non Operating Revenues and Expenses		0.09	%		1.05	%		0.89	%
Operating Return on Average Tangible Common Equity (Non-GAAP) (2)		8.71	%		8.96	%		7.61	%
Efficiency Ratio (GAAP)		75.5	%		76.7	%		77.9	%
Effect of Tax Benefit Related to Tax Exempt Income		(1.5	%)		(1.6	%)		(1.7	%)
Operating Efficiency Ratio (TE) (Non-GAAP) (1)		74.0	%		75.1	%		76.2	%
Effect of Amortization of Intangibles		(0.8	%)		(0.8	%)		(0.9	%)
Effect of Non Operating Revenues and Expenses		(0.7	%)		(3.1	%)		(3.1	%)
Tangible Operating Efficiency Ratio (TE) (Non-GAAP) (1) (2)		72.5	%		71.2	%		72.2	%

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

⁽²⁾  Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

Table 11 - IBERIABANK CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ⁽¹⁾

(dollars in thousands)

	For The Quarter Ended
	December 31, 2012									September 30, 2012									December 31, 2011
	Dollar Amount									Dollar Amount									Dollar Amount
	Pre-tax			After-tax			Per share			Pre-tax			After-tax			Per share			Pre-tax			After-tax			Per share
Net Income (GAAP)	$	32,037		$	23,208		$	0.79		$	29,378		$	21,234		$	0.73		$	24,024		$	17,357		$	0.59
Merger-related expenses		1,183			769			0.03			2,985			1,940			0.07			4,055			2,636			0.09
Severance expenses		370			241			0.01			712			463			0.02			206			134			0.00
Occupancy expenses and branch closure expenses		711			462			0.02			284			185			0.01			—			—			—
Professsional expenses and litigation settlements		339			220			0.01			574			373			0.01			193			125			0.00
Other noninterest income		(2,196	)		(1,427	)		(0.05	)		—			—			—			—			—			—
Loss (Gain) on sale of investments		4			3			—			(41	)		(27	)		(0.00	)		(793	)		(515	)		(0.02	)
Operating earnings (Non-GAAP)		32,448			23,476			0.80			33,892			24,168			0.83			27,685			19,737			0.67
Covered and acquired impaired loan provision for credit losses		4,504			2,928			0.10			2,318			1,507			0.05			1,659			1,078			0.04
Other provision for credit losses		362			235			0.01			1,735			1,128			0.04			2,620			1,703			0.06
Pre-provision operating earnings (Non-GAAP)	$	37,314		$	26,639		$	0.91		$	37,945		$	26,802		$	0.92		$	31,964		$	22,518		$	0.77

⁽¹⁾  Per share amounts may not appear to foot due to rounding

EX-99.2

4Q12 Earnings Conference Call

4Q12 Earnings Conference Call

Supplemental Presentation

Supplemental Presentation

January 24, 2013

January 24, 2013

Exhibit 99.2

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 level of market volatility, 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 and those of third-party providers of those

services, hurricanes and other adverse weather events, the modest 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

Organic loan growth:

Core deposit growth:

Very modest 3-basis point net interest margin decline

Tax-equivalent revenues up $7 million, or 5% (20% annualized)

Good growth in service charge income and fee income businesses

Service

Charges

–

up

5%

compared

to

3Q12

Mortgage

–

second

highest

quarterly

production

level

in

our

history

Title

Insurance

–

second

highest

quarterly

revenue

in

past

five

years

Capital

Markets

–

good

profitability

in

fourth

quarter,

revenue

up

$1.2

million

Other influences on fourth quarter performance:

Closed/consolidated 8 branches (11 for the year)

Opened 7 branches (14 for the year)

Growth

in

excess

liquidity

–

Cash

&

Equivalents

of

$1

billion,

up

56%

Strong

asset

quality

in

our

legacy

franchise

and

capital

remains

stout

Non-operating: $2.2 million gain and $2.6 million in non-operating expenses

Introductory Comments

Introductory Comments

Fourth

Quarter

2012

–

Summary

Comments

$315 million since September 30, 2012 (+18% annualized)

$1.1 billion since year-end 2011 (+19% annualized)

$912 million since September 30, 2012 (+48% annualized)

$1.6 billion since year-end 2011 (+24% annualized)

4

Financial Overview

Financial Overview

Performance Metrics –

Yields and Costs

•

Investment yield declined 13

bps due to 2.09%

•

Net covered loan yield up 13

bps as base yield improved;

offset the 3 bps decline in

non-covered loan yield

•

Interest bearing deposit

costs declined 5 bps;

continued future re-pricing

opportunities (next slide)

•

Average noninterest bearing

deposits up $155 million

(+9%)

•

Margin declined 3 basis

points to 3.55%

•

Decline due primarily to

investment portfolio roll-

down and excess liquidity

9/30/2012

12/31/2012

Investment Securities

2.22%

2.09%

(13)

bps

Covered Loans & Loss Share Receivable

5.42%

5.55%

13

bps

Noncovered Loans

4.55%

4.52%

(3)

bps

Loans & Loss Share Receivable

4.71%

4.70%

(1)

bps

Mortgage Loans Held For Sale

3.21%

2.96%

(25)

bps

Other Earning Assets

0.85%

0.61%

(24)

bps

Total Earning Assets

4.14%

4.06%

(8)

bps

Interest Bearing Deposits

0.58%

0.53%

(5)

bps

Short-Term Borrowings

0.21%

0.21%

(0)

bps

Long-Term Borrowings

3.10%

3.17%

7

bps

Total Interest Bearing Liabilities

0.69%

0.65%

(4)

bps

Net Interest Spread

3.45%

3.41%

(4)

bps

Net Interest Margin

3.58%

3.55%

(3)

bps

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

%/Basis Point

Change

For Quarter Ended:

5

Financial Overview

Financial Overview

Quarterly Re-pricing Schedule

•

$1.5 Billion in time deposits re-price over next 12 months at weighted average 0.74% rate

•

During 4Q12, new and re-priced time deposits were booked at an average cost of 0.54%

•

In 2012, retention rate of  time deposits was 90% with average reduction in rate of 46 basis points

$ in millions

Note:  Amounts exclude re-pricing of assets and liabilities from prior quarters

1Q13

2Q13

3Q13

4Q13

1Q14

Cash Equivalents

Balance

771.9

$      

-

$         

-

$         

-

$         

-

$         

Rate

0.46%

0.00%

0.00%

0.00%

0.00%

Investments

Balance

112.0

$      

139.7

$      

109.1

$      

118.5

$      

93.1

$       

Rate

3.15%

2.56%

2.99%

2.70%

2.79%

Loans

Balance

4,164.7

$   

425.6

$      

378.2

$      

321.4

$      

276.7

$      

Rate

3.68%

5.20%

5.11%

4.98%

4.41%

Time Deposits

Balance

450.8

$      

425.9

$      

368.3

$      

292.8

$      

144.8

$      

Rate

0.73%

0.63%

0.75%

0.91%

1.32%

Borrowed Funds

Balance

437.1

$      

37.7

$       

2.3

$         

1.0

$         

0.5

$         

Rate

1.17%

3.44%

4.48%

4.28%

3.72%

6

Financial Overview

Financial Overview

Interest Rate Risk Simulations

Source: Bancware model, as of December 31, 2012

* Assumes instantaneous and parallel shift in interest rates based on static balance sheet

•

Asset sensitive from an interest rate risk position

•

The degree of asset sensitivity 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

-1.7%

-0.8%

0.0%

3.8%

7.9%

-0.1%

0.6%

Economic

Value of

Equity

-9.4%

-9.2%

0.0%

8.5%

13.6%

-0.2%

-0.4%

7

Financial Overview

Financial Overview

Performance Metrics –

Quarterly Trends

•

Relatively stable

margin

•

Average earning

assets up $480

million (+4%)

•

T/E net interest

income up $3

million (+3%)

•

Provision of $5

million:

•

Net charge-offs:

$0.1 million (0.00%

annualized rate)

•

Covered and

acquired impaired

loan provision:

$4.5 million

•

All other provision

expense: $0.4

million

Legacy asset quality measures generally improved in 4Q12

Strong capital position compared to peers

Repurchased no shares in 4Q12; 46,692 shares remain under current

authorized program

12/31/2011

3/31/2012

6/30/2012

9/30/2012

12/31/2012

Net Income ($ in thousands)

17,357

$   

19,393

$ 

12,560

$ 

21,234

$ 

23,208

$   

9%

Per Share Data:

Fully Diluted Earnings

0.59

$        

0.66

$      

0.43

$      

0.73

$      

0.79

$        

8%

Operating Earnings (Non-GAAP)

0.67

0.69

0.54

0.83

0.80

-4%

Pre-provision Operating Earnings  (Non-GAAP)

0.77

0.68

0.73

0.92

0.91

-2%

Tangible Book Value

36.80

37.23

37.28

37.07

37.34

1%

Key Ratios:

Return on Average Assets

0.59%

0.67%

0.43%

0.69%

0.73%

4

bps

Return on Average Common Equity

4.65%

5.21%

3.36%

5.56%

6.02%

46

bps

Return on Average Tangible Common Equity (Non-GAAP)

6.72%

7.43%

4.86%

7.91%

8.62%

71

bps

Net Interest Margin (TE)*

3.62%

3.59%

3.59%

3.58%

3.55%

(3)

bps

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

75.2%

74.6%

78.2%

74.3%

73.2%

(110)

bps

Tangible Common Equity Ratio (Non-GAAP)

9.52%

9.64%

9.37%

9.01%

8.66%

(35)

bps

Tier 1 Leverage Ratio

10.45%

10.51%

10.42%

10.01%

9.70%

(31)

bps

Tier 1 Common Ratio (Non-GAAP)

13.55%

13.48%

12.97%

12.04%

11.74%

(30)

bps

Total Risk Based Capital Ratio

16.21%

16.10%

15.54%

14.54%

14.19%

(35)

bps

Net Charge-Offs to Average Loans**

0.31%

0.09%

0.07%

0.11%

0.01%

(10)

bps

Nonperforming Assets to Total Assets**

0.86%

0.83%

0.84%

0.81%

0.85%

4

bps

* Fully taxable equivalent basis.

** Excluding FDIC Covered Assets and acquired impaired loans.

%/Basis Point

Change

For Quarter Ended:

8

Financial Overview

Financial Overview

Low Risk Balance Sheet At December 31, 2012

36% Of Balance Sheet In Very Low Risk Components

8

Cash and

Equivalents,

7%

Investment

Securities,

15%

Mortgage

Loans Held

For Sale, 2%

Acquired

Loans

-

Fair

Value, 0.5%

Loans

-

FDIC

Covered, 8%

FDIC Loss

Share

Receivable,

3%

Loans -

Noncovered,

56%

Other Assets,

8%

9

Financial Overview

Financial Overview

Non-Interest Income Trends

Strong mortgage loan income continued in 4Q12

IBERIA Capital Partners revenues up $1.2 million

Continued rebound in service charge income (+5%)

Title insurance revenue continued to be solid

$2.2 million OMNI investment redemption gain

Total originations of $2.4 billion in

2012 (+46%)

4Q12 originations down 4%

Sales down 7% and 2012 total up

45% over 2011

$78 million annual revenues (up

73%); 4Q12 revenues down 1%

Small buyback costs

Pipeline of $241 million at year-end

and $256 million on January 11th

$21 million annual revenues (+16%)

Profitability up 12-fold over 2011

4Q12 revenues down 2%

Noninterest Income ($000s)

4Q11

1Q12

2Q12

3Q12

4Q12

$ Change

% Change

Service Charges on Deposit Accounts

6,613

$    

5,980

$    

6,625

$    

6,952

$    

7,295

$       

343

$       

5%

ATM / Debit Card Fee Income

1,997

2,024

2,166

2,377

2,412

35

$         

1%

BOLI Proceeds and CSV Income

899

951

905

916

909

(7)

$          

-1%

Mortgage Income

13,274

13,718

18,185

23,215

22,935

(280)

$      

-1%

Gain (Loss) on Sale of Investments, Net

793

2,836

901

41

(4)

(45)

$        

-110%

Title Revenue

4,846

4,533

5,339

5,623

5,492

(131)

$      

-2%

Broker Commissions (includes Capital Markets)

2,457

3,060

3,102

3,092

4,192

1,100

$    

36%

Other Noninterest Income

4,576

4,294

4,471

4,337

4,928

591

$       

14%

Noninterest income excluding non-operating income

35,455

37,396

41,694

46,553

48,158

1,605

$    

3%

Non-operating income

-

-

-

-

2,196

2,196

$    

100%

Total Noninterest Income

35,455

$ 

37,396

$ 

41,694

$ 

46,553

$ 

50,354

$    

3,801

$    

8%

4Q12 vs. 3Q12

10

Financial Overview

Financial Overview

Non-Interest Expense

•

Total expenses up $4 million, or 3%, in

4Q12

•

Merger-related costs of $1.2 million (-60%)

•

Other non-operating expenses of $1.4

million (down 10% compared to 3Q12 of

$1.6 million)

Linked

Quarter

increases

of:

Multiple loan and deposit campaigns

1.2

$ 

mil.

Business development

0.7

Seasonal property tax expense

0.4

FDIC insurance

0.4

Salary

expense

-

added

Houston

producers

0.4

Health care expense

0.3

Extra month of Florida Gulf salaries & occupancy

0.4

3.8

$ 

mil.

Noninterest Expense ($000s)

4Q11

1Q12

2Q12

3Q12

4Q12

$ Change

% Change

Mortgage Commissions

3,922

$    

3,229

$    

5,612

$    

6,006

$    

5,747

$       

(259)

$      

-4%

Hospitalization Expense

3,349

3,817

3,404

3,773

4,005

232

6%

Other Salaries and Benefits

44,039

47,522

48,011

49,270

50,675

1,405

3%

Salaries and Employee Benefits

51,310

$ 

54,568

$ 

57,028

$ 

59,049

$ 

60,426

$    

1,377

$    

2%

Credit/Loan Related

4,094

4,027

4,835

4,846

4,386

(460)

-9%

Occupancy and Equipment

12,498

12,677

12,852

13,500

14,413

914

7%

Amortization of Acquisition Intangibles

1,384

1,290

1,289

1,287

1,285

(2)

0%

All Other Noninterest Expense

25,987

26,373

27,105

26,611

30,328

3,717

14%

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

95,272

$ 

98,935

$ 

103,109

$

105,293

$

110,838

$  

5,544

$    

5%

Severance

206

219

1,053

712

370

(341)

$      

-48%

Occupancy and Branch Closure Costs

-

-

2,743

284

711

427

150%

Consulting and Professional

193

220

1,661

574

339

(235)

-41%

Nonint. Exp. excluding Merger-Related

95,671

$ 

99,374

$ 

108,566

$

106,864

$

112,258

$  

5,395

$    

5%

Merger-Related Expenses

4,055

$    

500

$       

456

$       

2,985

$    

1,183

$       

(1,802)

$  

-60%

Total Noninterest Expense

99,726

$ 

99,873

$ 

109,022

$

109,848

$

113,441

$  

3,592

$    

3%

Tangible

Efficiency

Ratio

-

excluding

Non-op.

Exp.

72.2%

75.5%

74.4%

71.2%

72.5%

4Q12 vs. 3Q12

11

Financial Overview

Financial Overview

Non-Operating Items –

4Q12

Acquisition and conversion-related costs of $1.2 million in 4Q12 ($0.03 EPS)

4Q12 Other non-operating expenses of $1.4 million ($0.03 EPS)

4Q12 Covered and acquired impaired loan provision of $4.5 million ($0.10

EPS),

all

other

provision

expense

equated

to

$0.4

million

($0.01

EPS)

Pre-tax

After-tax

Per share

Pre-tax

After-tax

Per share

Pre-tax

After-tax

Per share

Net Income (GAAP)

24,024

$ 

17,357

$ 

0.59

$     

29,378

$ 

21,234

$ 

0.73

$     

32,037

$ 

23,208

$ 

0.79

$     

Merger-related expenses

4,055

2,636

0.09

2,985

1,940

0.07

1,183

769

0.03

Severance expenses

206

134

0.00

712

463

0.02

370

241

0.01

Occupancy expenses and branch closure expenses

-

-

-

284

185

0.01

711

462

0.02

Professional expenses and litigation settlements

193

125

0.00

574

373

0.01

339

220

0.01

Other noninterest income

-

-

-

-

-

-

(2,196)

(1,427)

(0.05)

Loss (Gain) on sale of investments

(793)

(515)

(0.02)

(41)

(27)

(0.00)

4

3

-

Operating earnings (Non-GAAP)

27,685

19,737

0.67

33,892

24,168

0.83

32,448

23,476

0.80

Covered and acquired impaired loan provision for credit losses

1,659

1,078

0.04

2,318

1,507

0.05

4,504

2,928

0.10

Other provision for credit losses

2,620

1,703

0.06

1,735

1,128

0.04

362

235

0.01

Pre-provision operating earnings (Non-GAAP)

31,964

$ 

22,518

$ 

0.77

$     

37,945

$ 

26,802

$ 

0.92

$     

37,314

$ 

26,639

$ 

0.91

$     

(1) Per share amounts may not appear to foot due to rounding

(dollars in thousands)

For The Quarter Ended

December 31, 2011

September 30, 2012

December 31, 2012

Dollar Amount

Dollar Amount

Dollar Amount

(1)

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

12

•

Improve long-term operating efficiency, risk-

adjusted profitability, and long-term growth

prospects of franchise

Long-Term Initiatives

Long-Term Initiatives

Update

3Q12 cost of $1.3

million, or $0.03 EPS

4Q12 cost of $1.4

million, or $0.03 EPS

Benefit of $6 million

annually, or $0.13 EPS

Acquisition and

conversion related

costs of $1.2 million

pre-tax in 4Q12

Acquisition and

conversion related

costs are expected to

be immaterial in 1Q13

$ in millions

Expenses

2Q12

3Q12

4Q12

1Q13

Total

Branch Closure Cost - Phase 1

2.7

$    

0.3

$    

0.7

$    

-

$    

3.7

$       

Branch Closure Cost - Phase 2

0.5

0.5

$       

Severance Expense - Phase 1

1.0

0.4

0.3

-

1.7

$       

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

$    

1.4

$    

0.7

$    

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

$    

1.2

$    

-

$    

4.7

$       

13

Asset Quality

Asset Quality

Legacy Portfolio

Asset Quality Summary

(Excludes FDIC covered assets and acquired impaired loans)

NPAs equated to 0.85%

of total assets, up 4 bps

compared to 3Q12

Total criticized loans

equal $354 million (25%

of Tier1 capital plus

ALLL); $231 million in

classified (-7% from

3Q12) and $122 million

special mention (-12%

from 3Q12)

Net Charge-offs of only

$91,000, or  an

annualized rate of

0.01% of average loans

$0.4 million provision

for legacy franchise in

4Q12

($ thousands)

12/31/2011

9/30/2012

12/31/2012

Year/Year

Qtr/Qtr

Nonaccrual Loans

60,303

$  

66,201

$  

70,354

$  

17%

6%

OREO

20,001

18,467

26,380

32%

43%

Accruing Loans 90+ Days Past Due

3,580

3,786

1,776

-50%

-53%

Nonperforming Assets

83,884

88,454

98,510

17%

11%

Past Due Loans

83,338

91,016

93,358

12%

3%

Classified Assets

205,920

247,923

231,586

12%

-7%

Nonperforming Assets/Assets

0.86%

0.81%

0.85%

(1)

bps

4

bps

NPAs/(Loans + OREO)

1.39%

1.26%

1.34%

(5)

bps

8

bps

Classified Assets/Total Assets

4.21%

3.62%

3.05%

(116)

bps

(59)

bps

(Past Dues & Nonaccruals)/Loans

1.38%

1.30%

1.27%

(11)

bps

(3)

bps

Provision For Credit Losses

2,620

$   

1,735

$   

362

$      

-86%

-79%

Net Charge-Offs/(Recoveries)

4,622

1,923

91

-98%

-95%

Provision Less Net Charge-Offs

(2,002)

$  

(188)

$     

271

$      

-114%

-244%

Net Charge-Offs/Average Loans

0.31%

0.11%

0.01%

(30)

bps

(10)

bps

Reserve For Credit Losses/Loans

1.24%

1.13%

1.08%

(16)

bps

(5)

bps

For Quarter Ended:

% or Basis Point Change

14

Asset Quality

Asset Quality

Total Portfolio Trends

     ($thousands)

Nonaccruals

719,236

$   

567,006

$   

540,867

$   

-25%

-5%

OREO & Foreclosed

125,046

129,173

121,536

-3%

-6%

90+ Days Past Due

29,003

5,538

4,404

-85%

-20%

  Nonperforming Assets

873,285

$   

701,717

$   

666,807

$   

-24%

-5%

NPAs/Assets

7.43%

5.60%

5.08%

(235)

(52)

bps

NPAs/(Loans + OREO)

11.62%

8.39%

7.74%

(388)

(65)

bps

LLR/Loans

2.62%

2.45%

2.96%

34

51

bps

Net Charge-Offs/Loans

0.29%

0.10%

0.00%

(29)

(10)

bps

Past Dues:

30-89 Days Past Due

86,467

$     

59,063

$     

47,899

$     

-45%

-19%

90+ days Past Due

29,003

5,538

4,404

-85%

-20%

Nonaccual Loans

719,236

567,006

540,867

-25%

-5%

Total 30+ Past Dues

834,706

$   

631,607

$   

593,170

$   

-29%

-6%

% Loans

11.30%

7.67%

6.98%

(432)

(69)

bps

Qtr/Qtr

% or Basis Point Change

Total Portfolio

4Q11

3Q12

4Q12

Year/Year

15

Markets

Markets

Loan Growth

Organic Loan Growth

$ in millions

4th Quarter 2012:

Sterling Bank FDIC-

Assisted Acquisition

•

•

•

•

$315 million, or

+4% (+18%

annualized)

Year of 2012:

$1.1 billion, or

+19%

Past 3 years:

$2.3 billion, or +55%

(+18% annualized)

The FDIC covered

loan portfolio

declined 35%, or

$578 million (a 12%

annualized rate)

* Organic loan growth excludes the outstanding balance of  loans acquired in non-covered transactions (e.g., OMNI, Cameron, 

and Florida Gulf) at the date of the acquisition in the respective acquisition periods

16

Markets

Markets

Loan Originations 4Q12 –Top Markets

$ in millions

$1.2 billion in total

funded loans and

unfunded loan

commitments

originated in 4Q12

Tremendous growth

in Houston and New

Orleans

Recently added new

team members in

Houston

Exceptional growth

in other markets in

which we have

invested heavily

17

Markets

Markets

Net Loan Growth 4Q12 –Top Markets

$ in millions

•

Diversified strength

throughout our

franchise

•

Strong growth net

of loan pay-downs

•

Strongest markets

are Houston,

Memphis, and

Birmingham

•

Small business

lending is a

potential growth

engine

18

Excludes acquired deposits

Markets

Markets

Organic Deposit Growth

$ in millions

Organic Deposit Growth

4th Quarter 2012:

•

Excluding wholesale

and seasonal

deposits, growth of

$525 million, or +5%

(+21% annualized)

Year of 2012:

•

$1.2 billion, or +13%

Past 3 years:

•

$1.4 billion, or +19 % 

(+6 % annualized)

•

In 4Q12, $835

million, or +8%

(+34%

annualized)

Total Deposit Growth

Very strong transaction

account growth

Time deposit reduction

tempered by wholesale

deposit growth in 4Q12

19

Markets

Markets

Core Deposit Growth 4Q12 –Top Markets

$ in millions

•

Balanced core

deposit growth

•

Extraordinary

strength in New

Orleans and

Houston

•

Good core deposit

growth throughout

the legacy franchise

and many newer

markets

•

Deposit pricing

remains favorable

20

Markets

Markets

Non-Interest Bearing Deposit Growth

% of Total Deposits

•

Since 2010, total non-

interest bearing

deposits have

increased $1.1 billion

or +124% (+62%

annualized rate)

•

$116 million increase

in 4Q12, or +6%

(+25% annualized

rate)

•

Top 4Q12 noninterest

bearing deposit growth

markets include New

Orleans, Houston,

Southeast Florida,

Florida Keys,

Lafayette,

Birmingham, and

Shreveport

21

Markets

Markets

4Q12 Highlights

•

Exceptional loan and deposit growth continues

•

Non-FDIC loan growth of $315 million came from a number of

markets and in both commercial and retail markets

•

Houston, New Orleans, Memphis and Baton Rouge showed strong

commercial

growth

–

concentrated

in

our

C&I

clients

•

Commercial loans originated and funded in 4Q12 totaled $503 million

with a mix of 33% fixed and 67% floating ($810 in commercial loan

commitments during the quarter)

•

Strong commercial pipeline of $527 million at year-end

•

Retail growth driven by increases in indirect lending and home equity

lines of credit –

arising from recent improvements in these businesses

•

Period-end core deposit growth of $912 million, with non-interest

bearing deposits up $116 million ($155 million linked quarter growth

on an average balance basis).

22

Retail and Small Business

Retail and Small Business

4Q12 Progress

•

Completed closure and consolidation of 11 branches planned for

2012 and are on track to close 4 additional branches in the first

quarter of 2013

•

Since September 30, 2012, we opened seven new branch locations

in New Orleans (3), Birmingham, Houston, Baton Rouge, and Naples

•

Enhanced IBKC’s digital banking tools to better serve clients with the

launch of our online consumer deposit account opening process in

the fourth quarter of 2012

•

Experienced increases in both new small business clients and

checking account openings in 4Q12

•

Successful deposit campaign

•

Continued focused effort on direct and indirect consumer and small

business lending

23

Wealth And Capital Markets

Wealth And Capital Markets

4Q12 Progress

•

ICP/IWA revenues of

$3.3 million (up 71%

compared to 3Q12)

•

IWA assets under

management increased

6%, to $955 million at

December 31, 2012

•

ICP investment banking

activity set a record in

4Q12, while brokerage

commissions continued

to grow

•

Research coverage on

61 public energy

companies

•

IFS revenue down 5%,

to $2.2 million,

compared to 3Q12

Total Quarterly Revenues

Appendix

Appendix

24

25

Appendix

Appendix

FDIC Covered Loan Portfolio Roll Forward

25

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,293,160

52,019

15.968%

1,218,933

51,150

16.661%

1,153,954

55,400

18.878%

1,112,153

49,550

17.528%

Mortgage Loans

211,640

4,946

9.347%

196,969

5,128

10.414%

169,580

5,306

12.517%

155,989

5,318

13.636%

Indirect Automobile

-

-

0.000%

-

-

0.000%

(0)

-

0.000%

(0)

-

0.000%

Credit Card

901

14

6.199%

862

14

6.629%

853

14

6.746%

860

14

6.664%

Consumer

155,406

3,895

10.080%

150,236

4,324

11.577%

149,877

5,282

14.020%

148,001

5,308

14.267%

Line Of Credit-Consumer Loans

75,164

2,927

15.663%

72,370

2,953

16.410%

72,598

3,462

18.971%

69,910

3,661

20.831%

Commercial & Business Banking

850,519

40,238

18.719%

798,767

38,731

19.186%

761,048

41,335

21.257%

737,394

35,250

18.706%

Loans in Process

(469)

-

0.000%

(272)

-

0.000%

(3)

-

0.000%

(1)

-

0.000%

Overdrafts

0

-

0.000%

0

-

0.000%

0

-

0.000%

0

-

0.000%

FDIC Loss Share Receivable

573,776

(27,927)

-19.255%

508,443

(28,484)

-22.163%

448,746

(33,488)

-29.201%

411,328

(28,201)

-26.828%

Net Covered Loan Portfolio

1,866,937

24,092

5.142%

1,727,375

22,666

5.234%

1,602,700

21,912

5.416%

1,523,481

21,349

5.552%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,293,160

52,019

15.968%

1,218,933

51,150

16.661%

1,153,954

55,400

18.878%

1,112,153

49,550

17.528%

CapitalSouth Bank

198,491

6,203

12.416%

187,742

7,077

14.966%

169,584

6,480

15.034%

150,872

6,737

17.537%

Orion Bank

710,111

34,820

19.448%

673,068

33,586

19.801%

651,176

35,154

21.221%

641,252

29,720

18.235%

Century Bank

264,864

6,697

10.080%

255,610

6,134

10.080%

244,874

8,047

12.967%

232,967

7,137

12.108%

Sterling Bank

119,694

4,299

14.239%

102,513

4,353

16.829%

88,322

5,718

25.371%

87,063

5,956

26.806%

FDIC Loss Share Receivable

573,776

(27,927)

-19.255%

508,443

(28,484)

-22.163%

448,746

(33,488)

-29.201%

411,328

(28,201)

-26.828%

CapitalSouth Bank

49,433

(1,917)

-15.338%

44,503

(3,285)

-29.204%

40,443

(3,213)

-31.088%

35,811

(3,431)

-37.492%

Orion Bank

349,685

(21,626)

-24.466%

306,347

(21,149)

-27.311%

271,457

(22,983)

-33.130%

251,749

(17,944)

-27.892%

Century Bank

136,205

(2,380)

-6.913%

119,445

(1,911)

-6.329%

101,167

(3,875)

-14.987%

92,076

(3,200)

-13.601%

Sterling Bank

38,453

(2,004)

-20.621%

38,148

(2,139)

-22.181%

35,680

(3,417)

-37.472%

31,691

(3,625)

-44.761%

Net Covered Loan Portfolio

1,866,937

24,092

5.142%

1,727,375

22,666

5.234%

1,602,700

21,912

5.416%

1,523,481

21,349

5.552%

CapitalSouth Bank

247,924

4,286

6.882%

232,245

3,792

6.493%

210,027

3,267

6.133%

186,682

3,305

6.964%

Orion Bank

1,059,796

13,194

4.952%

979,415

12,436

5.033%

922,633

12,171

5.160%

893,002

11,776

5.121%

Century Bank

401,069

4,317

4.309%

375,055

4,224

4.495%

346,041

4,173

4.766%

325,044

3,937

4.804%

Sterling Bank

158,148

2,294

5.763%

140,661

2,214

6.236%

124,002

2,301

7.255%

118,754

2,331

7.681%

1Q2012

2Q2012

3Q2012

4Q2012

1Q2012

2Q2012

3Q2012

4Q2012