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 22, 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 October 22, 2013, the Registrant announced its results of operations for the three and nine months ended September 30, 2013. Copies of the related press release and supplemental materials are attached as Exhibits 99.1 and 99.2 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 22, 2013	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 22, 2013, issued by the Registrant.
99.2	Supplemental Materials to conference call.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 22, 2013

Contact:

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

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

IBERIABANK Corporation Reports Third Quarter Results

LAFAYETTE, LOUISIANA — IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 126-year-old IBERIABANK (www.iberiabank.com), reported operating results for the third quarter ended September 30, 2013. For the quarter, the Company reported income available to common shareholders of $23 million, or $0.78 fully diluted earnings per share. In the third quarter of 2013, the Company incurred costs to implement previously disclosed earnings improvement initiatives and other non-operating costs equal to $2.2 million on a pre-tax basis, or $0.05 per share on an after-tax basis. Excluding those items, EPS in the third quarter of 2013 was $0.83 per share on a non-GAAP operating basis, compared to $0.69 per share in the second quarter of 2013 (refer to press release supplemental table).

Daryl G. Byrd, President and Chief Executive Officer, commented, “During the third quarter of 2013, we experienced solid growth in loans and deposits and a fairly stable margin during the third quarter. The decline in mortgage activity in the third quarter was offset by excellent growth in other fee income products and services. We are very pleased with the progress we achieved in our profitability improvement initiative during the third quarter. Our enhanced efficiency efforts included closing or consolidating 10 bank branches and three mortgage locations as we fine-tune our distribution system. This is an ongoing, proactive effort and we anticipate additional expense savings and revenue enhancements to be realized over the next few quarters. We remain focused on achieving the EPS guidance we projected for the investment community and our shareholders.”

Highlights for the Third Quarter of 2013 and September 30, 2013:

• The net interest margin declined two basis points on a linked quarter basis to 3.37%. Management stated comfort with expectations for the net interest margin in the fourth quarter of 2013 to be near the upper-end of the previously disclosed guidance range of 3.30% to 3.35%.

• The Company’s profitability improvement initiatives have achieved aggregate annual run-rate benefits in excess of $21 million. In the third quarter of 2013, operating expenses declined $4 million, or 4%, on a linked quarter basis.

• Gross loan growth was $295 million, or 4%, between quarter-ends (16% annualized rate), excluding all assets covered under FDIC loss share agreements and other non-covered acquired assets (collectively “Acquired Assets”).

• Total deposits increased $309 million, or 3%, between quarter-ends (12% annualized rate). Noninterest bearing deposits increased $474 million, or 23%, and time deposits decreased $104 million, or 5%, during the third quarter. Approximately 52% of the noninterest bearing deposit increase during the third quarter was the result of organic client growth and 48% due to a shift in interest-bearing deposits into noninterest bearing deposits. At September 30, 2013, noninterest bearing deposits equated to 23% of total deposits.

• The Company’s legacy asset quality continued to be strong in the third quarter of 2013. Nonperforming assets (“NPAs”), excluding Acquired Assets, equated to 0.66% of total assets at September 30, 2013, compared to 0.69% at June 30, 2013. On that basis, loans past due 30 days or more equated to 0.75% of total loans at September 30, 2013, compared to 0.88% at June 30, 2013. Classified assets excluding Acquired Assets decreased $20 million, or 20%, during the third quarter, and decreased from 0.85% of total assets at June 30, 2013, to 0.66% at September 30, 2013.

1

• The Company recorded a $2 million loan loss provision in the third quarter of 2013, unchanged on a linked quarter basis. Net charge-offs totaled $239,000 in the third quarter of 2013 (the second lowest level of net charge-offs in the Company’s history), or an annualized 0.01% of average loans, compared to 0.05% of average loans in the second quarter of 2013, and 0.05% of average loans over the past seven quarters.

• Capital ratios remained strong. At September 30, 2013, the Company’s tangible common equity ratio was 8.64%, Tier 1 common ratio was 10.95%, and total risk based capital ratio was 13.28%.

Table A - Summary Financial Results

	For the Quarter Ended:						Linked Quarter
Selected Financial Data	9/30/2012		6/30/2013		9/30/2013		% Change
Net Income ($ in thousands)	$	21,234	$	15,590	$	23,192		49	%
Per Share Data:
Fully Diluted Earnings	$	0.73	$	0.53	$	0.78		48	%
Operating Earnings (Non-GAAP)		0.83		0.69		0.83		21	%
Pre-provision Operating Earnings (Non-GAAP)		0.92		0.73		0.89		21	%
Tangible Book Value		37.07		36.30		37.00		2	%

										Linked Quarter
	As of and for the Quarter Ended:									Basis Point
Key Ratios	9/30/2012			6/30/2013			9/30/2013			Change
Return on Average Assets		0.69	%		0.49	%		0.71	%		22	bps
Return on Average Common Equity		5.56	%		4.09	%		6.08	%		199	bps
Return on Average Tangible Common Equity (Non-GAAP)		7.91	%		5.96	%		8.74	%		278	bps
Net Interest Margin (TE) (1)		3.58	%		3.39	%		3.37	%		(2	) bps
Tangible Efficiency Ratio (TE) (1) (Non-GAAP)		74.3	%		81.9	%		74.5	%		(737	) bps
Tangible Common Equity Ratio (Non-GAAP)		9.01	%		8.69	%		8.64	%		(5	) bps
Tier 1 Leverage Ratio		10.01	%		9.59	%		9.65	%		6	bps
Tier 1 Common Ratio (Non-GAAP)		12.04	%		11.08	%		10.95	%		(13	) bps
Total Risk Based Capital Ratio		14.54	%		13.45	%		13.28	%		(17	) bps
Net Charge-Offs to Average Loans (2)		0.12	%		0.06	%		0.02	%		(4	) bps
Nonperforming Assets to Total Assets (2)		0.65	%		0.69	%		0.66	%		(3	) bps

	For the Quarter Ended:
	GAAP						Non GAAP
Adjusted Selected Key Ratios	9/30/2013			Adjustments (3)			9/30/2013
Return on Average Assets		0.71	%		0.05	%		0.76	%
Return on Average Common Equity		6.08	%		0.38	%		6.46	%
Return on Average Tangible Common Equity (Non-GAAP)		8.74	%		0.53	%		9.27	%
Tangible Efficiency Ratio (TE)(1) (Non-GAAP)		74.5	%		(1.6	%)		73.0	%

⁽¹⁾  Fully taxable equivalent basis.

⁽²⁾  Excluding FDIC Covered Assets and Acquired Assets.

⁽³⁾  Adjusted results exclude the income statement impact of the non-operating items included in Table 11, net of tax where applicable, without adjustment to any balance sheet accounts.

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

2

Operating Results

On a linked quarter basis, average earning assets increased $89 million, or 1%, as average loans and the FDIC receivable increased $186 million, or 2%, average investment securities increased $34 million, or 2%, and other earning assets declined $132 million, or 26%. Also on a linked quarter basis, the average earning asset yield decreased six basis points, and the cost of interest bearing liabilities decreased two basis points. As a result, the tax-equivalent net interest margin declined two basis points. Tax-equivalent net interest income increased $0.9 million, or 1%, as the growth in average earning assets offset the slight decline in the net interest margin.

Table B - Quarterly Average Yields/Cost ⁽¹⁾

	For Quarter Ended:									Linked Quarter
										Basis Point
	9/30/2012			6/30/2013			9/30/2013			Change
Investment Securities		2.22	%		1.92	%		1.98	%		6	bps
Covered Loans, net of loss share receivable		7.60	%		5.11	%		3.66	%		(145	) bps
Noncovered Loans		4.55	%		4.40	%		4.39	%		(1	) bps
Loans & Loss Share Receivable		4.71	%		4.35	%		4.21	%		(14	) bps
Mortgage Loans Held For Sale		3.21	%		3.17	%		4.32	%		115	bps
Other Earning Assets		0.85	%		0.87	%		0.89	%		2	bps
Total Earning Assets		4.14	%		3.80	%		3.74	%		(6	) bps
Interest Bearing Deposits		0.58	%		0.42	%		0.40	%		(2	) bps
Short-Term Borrowings		0.21	%		0.16	%		0.14	%		(2	) bps
Long-Term Borrowings		3.10	%		3.39	%		3.37	%		(2	) bps
Total Interest Bearing Liabilities		0.69	%		0.51	%		0.49	%		(2	) bps
Net Interest Spread		3.45	%		3.29	%		3.25	%		(4	) bps
Net Interest Margin		3.58	%		3.39	%		3.37	%		(2	) bps

⁽¹⁾ Earning asset yields are shown on a fully taxable equivalent basis.

The average investment yield improved six basis points during the third quarter of 2013 as a result of reduced bond premium amortization.

The non-covered loan yield declined one basis point as many of the major loan categories experienced fairly stable yields between quarters. The covered loan yield (net of loss share receivable amortization) decreased 145 basis points and the associated covered income declined $4 million, or 35%. The decline in covered income was $2 million less than projected primarily due to accelerated FDIC Indemnification Asset (“IA”) amortization as cash flow improvements during the quarter contributed to higher levels of amortization.

For the fourth quarter of 2013, the Company projects the prospective yield on the covered loan portfolio net of the IA to approximate 4.11%, compared to 3.66% in the third quarter. The average balance of the net covered loan portfolio is projected to decline approximately $101 million, based on current cash flow assumptions and estimates. Net income on the covered loan portfolio is projected to remain fairly stable between the third and fourth quarters of 2013.

3

On a period-end basis, the IA declined $36 million, or 15%, from $241 million at June 30, 2013 to $205 million at September 30, 2013. The portion of the IA collectible from the FDIC decreased $23 million, or 26%, while the collectible portion from OREO and customers declined $13 million, or 9%.

In the third quarter of 2013, the Company recorded net charge-offs of $239,000, or 0.01% of average loans on an annualized basis and an aggregate provision for credit losses totaling $3.6 million that was divided into two parts – a $2 million provision for loan losses and a $1.6 million provision for unfunded lending commitments, the latter of which is included in noninterest expense.

Aggregate noninterest income increased less than $1 million, or 2%, on a linked quarter basis. The primary changes in noninterest income on a linked quarter basis were:

• Decreased mortgage income of $2.5 million, or 14%;

• Decreased title revenue of $0.2 million, or 4%; offset by

• Increased deposit service charge income of $0.4 million, or 6%;

• Increased ATM and debit card income of $0.1 million, or 5%; and

• Increased client derivative income of $1.8 million.

The rapidly changing interest rate environment and greater client preferences for long-term fixed rate financing resulted in enhanced client interest in loan interest rate derivative-related transactions. As a result, the Company has experienced a substantial increase in the level of interest rate derivative activity executed on behalf of clients, and thus, a significant increase in customer derivative commission income over the last several quarters.

The $2.5 million decline in mortgage income was the result of lower production and sales volumes and lower net valuations of derivatives and mortgage loans held for sale due primarily to the changing interest rate environment. The decline in income was partially offset by a $1.9 million reduction in mortgage commission and mortgage production incentives expense (included in noninterest expense).

In the third quarter of 2013, the Company originated $507 million in residential mortgage loans, down $165 million, or 25%, on a linked quarter basis. The decrease in origination volume was the result of the unprecedented rapid increase in mortgage loan rates during the third quarter. Client loan refinancing opportunities accounted for approximately 19% of mortgage loan applications in the third quarter of 2013, compared to 31% in the second quarter of 2013, and approximately 18% between September 30, 2013, and October 11, 2013. The Company sold $552 million in mortgage loans during the third quarter of 2013, down $132 million, or 19%, on a linked quarter basis. Margins on the sale of mortgage loans declined approximately 20 basis points on a linked quarter basis. The mortgage origination pipeline was approximately $182 million at September 30, 2013, compared to $265 million at June 30, 2013, and was approximately $191 million at October 11, 2013. Mortgage loan repurchases and make-whole payments were approximately $0.1 million in the third quarter of 2013, down compared to the second quarter of 2013. The Company’s mortgage business primarily focuses on retail mortgage loans originated through the Company’s origination staff; less than 0.5% of originations year-to-date were purchased through correspondent mortgage loan providers (primarily for community reinvestment-related loan opportunities).

Assets under management at IBERIA Wealth Advisors (“IWA”) were $1.1 billion at September 30, 2013, up 1% compared to June 30, 2013. Income for IWA and IBERIA Capital Partners (“ICP”) increased 7% and 5%, respectively, on a linked quarter basis. ICP experienced modestly lower investment banking income in the third quarter but very strong sales and trading revenues.

Noninterest expense decreased $9 million, or 8%, on a linked quarter basis and included the following changes:

• Decreased mortgage commissions and production incentives of $1.9 million;

• Decreased legal and professional expenses of $0.9 million;

• Decreased base pay of $0.7 million;

• Decreased marketing and business development expense of $0.7 million;

4

• Decreased OREO property costs of $0.7 million;

• Decreased ATM/debit card expense of $0.6 million; partially offset by

• Increased provision for unfunded lending commitments of $1.1 million; and

• Increased merger and conversion-related expense of $0.1 million.

Excluding non-operating expenses, total expenses declined $4 million, or 4%, from $110 million in the second quarter of 2013 to $106 million in the third quarter of 2013.

During the third quarter, total headcount at the Company declined by 52 associates on a full-time equivalent basis, or 2%. In aggregate since March 31, 2013, the net headcount reduction equated to 163 associates, or 6% of total headcount. These figures do not include the favorable impact of reduced temporary and overtime costs. While additional expense and revenue improvement initiatives continue in earnest throughout the Company with significant future benefits projected, management stated the specific initiatives outlined to date have been fully executed upon and the targeted benefits have been achieved in aggregate as anticipated.

Loans

Total loans increased $140 million, or 2%, between June 30, 2013 and September 30, 2013. The loan portfolio associated with FDIC-assisted acquisitions at September 30, 2013, decreased $111 million, or 12%, compared to June 30, 2013. Excluding Acquired Assets, total loans increased $295 million, or 4% (16% annualized rate) during the third quarter. Legacy commercial loans increased $153 million, or 3% (which included $34 million in business banking loan growth, up 5%, or 18% annualized rate), legacy consumer loans increased $77 million, or 5%, and legacy mortgage loans increased $64 million, or 20%, during the quarter. Loan origination and renewal growth during the third quarter of 2013 were strongest in the Houston, Arkansas, and Baton Rouge markets. Loan origination mix in the third quarter of 2013 was 57% fixed rate and 43% floating rate and total loans outstanding (excluding nonaccruals) were 52% fixed and 48% floating. Loans and commitments originated and/or renewed during the third quarter of 2013 totaled $1.2 billion (down 6% on a linked quarter basis). Energy-related loans outstanding totaled $674 million at September 30, 2013, up $12 million, or 2%, compared to June 30, 2013, and equated to approximately 7% of total loans. The Company had no student loans outstanding at September 30, 2013.

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

	Period-End Balances ($ Millions)						% Change									Mix
	9/30/12		6/30/13		9/30/13		Year/Year			Qtr/Qtr			Annualized			6/30/13			9/30/13
Commercial	$	4,669	$	5,388	$	5,541		19	%		3	%		11	%		61	%		61	%
Consumer		1,485		1,711		1,788		20	%		5	%		18	%		19	%		20	%
Mortgage		231		326		390		69	%		20	%		79	%		4	%		4	%
Legacy Loans	$	6,385	$	7,425	$	7,720		21	%		4	%		16	%		84	%		85	%
Acquired Loans		705		560		516		-27	%		-8	%		-31	%		6	%		6	%
Covered Loans		1,139		918		807		-29	%		-12	%		-48	%		10	%		9	%
Total Loans	$	8,230	$	8,903	$	9,043		10	%		2	%		6	%		100	%		100	%

Deposits

Total deposits increased $309 million, or 3% (12% annualized rate), from June 30, 2013 to September 30, 2013. Noninterest bearing deposits increased $474 million, or 23%, and equated to 23% of total deposits at September 30, 2013, while NOW accounts decreased $348 million, or 14%. Approximately $246 million, or 48% of the change in noninterest bearing deposit volume, was the result of a transition of interest bearing NOW accounts into noninterest bearing deposits. The differential in rate on the transitioned deposits was three basis points. During the third quarter of 2013, the Company retained 95% of the deposit balances that were transferred to noninterest bearing deposits.

5

Money market and savings account volume increased $287 million, or 7%, between June 30, 2013 and September 30, 2013. Time deposits declined $104 million, or 5% between quarter-ends. Period-end deposit growth during the third quarter of 2013 was strongest in the Houston, Baton Rouge, Little Rock, Mobile, and Montgomery markets.

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

	Period-End Balances ($ Millions)						% Change									Mix
	9/30/12		6/30/13		9/30/13		Year/Year			Qtr/Qtr			Annualized			6/30/13			9/30/13
Noninterest	$	1,852	$	2,055	$	2,529		37	%		23	%		92	%		19	%		23	%
NOW Accounts		2,039		2,485		2,137		5	%		-14	%		-56	%		23	%		20	%
Savings/MMkt		3,791		4,134		4,421		17	%		7	%		28	%		39	%		40	%
Time Deposits		2,231		1,968		1,864		-16	%		-5	%		-21	%		19	%		17	%
Total Deposits	$	9,913	$	10,642	$	10,951		10	%		3	%		12	%		100	%		100	%

On an average balance and linked quarter basis, noninterest-bearing deposits increased $329 million, or 16%, and interest-bearing deposits decreased $239 million, or 3%. The rate on average interest-bearing deposits in the third quarter of 2013 was 0.40%, a decrease of two basis points on a linked quarter basis. Approximately $1.6 billion in time deposits are scheduled to re-price over the next 12 months at a weighted average cost of 0.63%. An additional $0.2 billion in time deposits are scheduled to re-price the following 12 months at a weighted average cost of 1.07%. During the third quarter of 2013, new and re-priced time deposits were booked at an average cost of 0.31%. The Company experienced a time deposit retention rate of 87% in the third quarter of 2013 with an average 34 basis point reduction in rate.

Other Assets And Funding

Excess liquidity averaged $213 million in the third quarter of 2013, down $81 million, or 28%, on a linked quarter basis. The investment portfolio remained stable at $2.1 billion on average in the third quarter of 2013. On a period-end basis, the investment portfolio equated to $2.1 billion, or 16% of total assets at September 30, 2013, unchanged compared to June 30, 2013. The investment portfolio had a modified duration of 3.5 years at September 30, 2013, down compared to 3.9 years at June 30, 2013. At current prepayment speeds, the investment portfolio is projected to create cash flows of approximately $434 million over the next 15 months, or 21% of the total investment portfolio. The Company estimates that a potential increase in interest rates of 100 and 200 basis points at September 30, 2013 would extend the duration of the investment portfolio by 0.6 and 0.8 years, respectively. The investment portfolio went from an $8 million unrealized loss at June 30, 2013, to a $3 million unrealized loss at September 30, 2013. The average yield on investment securities increased six basis points on a linked quarter basis to 1.98% in the third quarter of 2013. The Company holds in its investment portfolio primarily government agency securities. Municipal securities comprised only 9% of total investments at September 30, 2013. The Company holds no sovereign debt, corporate debt or equity securities, or derivative exposure to foreign counterparties.

On a linked quarter basis, average long-term debt decreased $11 million, or 4%, and the cost of debt decreased two basis points to 3.37%. The cost of average interest bearing liabilities was 0.49% in the third quarter of 2013, a decrease of two basis points on a linked quarter basis.

6

Asset Quality

To provide additional consistency and transparency for financial reporting of Acquired Assets, the Company divides Acquired Assets into five distinct categories:

1) Legacy assets that were originated and not acquired;

2) Acquired Assets that are scheduled to lose FDIC loss share coverage over the next 12 months;

3) Acquired Assets that will continue to be covered under FDIC loss share coverage beyond the next 12 months;

4) Acquired Assets not covered under FDIC loss share agreements using SOP accounting treatment (in accordance with ASC Topic 310-30); and

5) Acquired Assets not covered under FDIC loss share agreements not using SOP accounting treatment.

Table E – Legacy Asset Quality Summary

Excludes the impact of all Acquired Assets (FDIC-assisted acquisitions and other acquisitions, impaired and not impaired)

	For Quarter Ended:									% or Basis Point Change
($ thousands)	9/30/2012			6/30/2013			9/30/2013			Year/Year			Qtr/Qtr
Nonperforming Assets	$	66,444		$	76,033		$	75,863			14	%		0	%
Past Due Loans		58,487			65,316			57,662			-1	%		-12	%
Classified Assets		144,090			97,818			78,059			-46	%		-20	%
Nonperforming Assets/Assets		0.65	%		0.69	%		0.66	%		1	bps		(3	)bps
NPAs/(Loans + OREO)		1.04	%		1.02	%		0.98	%		(6	) bps		(4	)bps
Classified Assets/Assets		1.32	%		0.85	%		0.66	%		(66	) bps		(19	)bps
(Past Dues & Nonaccruals)/Loans		0.92	%		0.88	%		0.75	%		(17	) bps		(13	)bps
Provision For Loan Losses	$	226		$	4,949		$	2,868			1169	%		-42	%
Net Charge-Offs/(Recoveries)		1,923			1,028			303			-84	%		-71	%
Provision Less Net Charge-Offs	$	(1,697	)	$	3,921		$	2,565			251	%		-35	%
Net Charge-Offs/Average Loans		0.12	%		0.06	%		0.02	%		(11	) bps		(4	)bps
Allowance For Loan Losses/Loans		1.21	%		0.83	%		0.83	%		(37	) bps		0	bps
Allowance for Credit Losses to Total Loans		1.21	%		0.97	%		0.99	%		(22	) bps		2	bps

Legacy NPAs at September 30, 2013 were $76 million, essentially unchanged compared to June 30, 2013. NPAs equated to 0.66% of total assets at September 30, 2013, compared to 0.69% of total assets at June 30, 2013. Loans past due 30 days or more (including nonaccruing loans) decreased $8 million, or 12%, and represented 0.75% of total loans at September 30, 2013, compared to 0.88% at June 30, 2013. Classified assets declined $20 million, or 20%, during the third quarter of 2013.

Table F provides a breakdown of Acquired Assets under the other four categories pertaining to Acquired Assets and the asset quality performance measures associated with Acquired Assets in each category.

7

Table F – Acquired Assets By Portfolio Type

All FDIC-assisted acquisitions and other acquired loans (impaired and not impaired)

	Covered Assets						Non-Covered Acquired Assets						Total Acquired Assets
($ thousands)	Continued Loss Share Coverage beyond next 12 Months			Losing Loss Share Coverage within next 12 Months			SOP Assets			Non-SOP Assets
Loans, net	$	731,225		$	75,777		$	484,901		$	31,561		$	1,323,464
Other Real Estate Owned		82,137			4,962			11,281			—			98,380
Allowance for Loan Losses		(65,596	)		(13,455	)		(5,329	)		—			(84,380	)
Nonaccrual loans	$	225,252		$	30,059		$	42,480		$	62		$	297,853
Foreclosed assets		1,483			—			67			—			1,550
Other real estate owned		80,654			4,962			11,214			—			96,830
Accruing Loans More Than 90 Days Past Due		7,191			—			2,235			—			9,426
Nonperforming Assets		314,580			35,021			55,996			62			405,659
Total Past Due Loans	$	221,925		$	48,847		$	50,374		$	172		$	321,318
NPAs/(Loans + OREO)		38.68	%		43.38	%		11.29	%		0.20	%		28.53	%
(Past Dues & Nonaccruals)/Loans		30.35	%		64.46	%		10.39	%		0.54	%		24.28	%
Provision For Loan Losses	$	588		$	13		$	(1,455	)	$	—		$	(854	)
Net Charge-Offs/(Recoveries)		(49	)		—			(35	)		20			(64	)
Provision Less Net Charge-Offs	$	637		$	13		$	(1,420	)	$	(20	)	$	(790	)
Net Charge-Offs/Average Loans		-0.03	%		0.00	%		-0.03	%		0.25	%		-0.02	%
Allowance for Loan Losses/Loans		8.97	%		17.76	%		1.10	%		0.00	%		6.38	%
Allowance for Credit Losses to Total Loans		10.81	%		0.00	%		1.10	%		0.00	%		6.38	%

Capital Position

The Company maintains favorable capital strength. At September 30, 2013, the Company reported a tangible common equity ratio of 8.64%, down five basis points compared to June 30, 2013. At September 30, 2013, the Company’s preliminary Tier 1 leverage ratio was 9.65%, up six basis points compared to June 30, 2013. The Company’s preliminary total risk-based capital ratio at September 30, 2013 was 13.28%, down 18 basis points compared to June 30, 2013. The decline in the risk-based capital ratio was due in part to the redeployment of FDIC-loan pay downs that carried a 20% risk weighting into non-covered loans that carried a higher risk weighting.

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 third quarter of 2013. A total of 46,692 shares remain under the currently authorized share repurchase program.

At September 30, 2013, book value per share was $51.30, up $0.65 per share compared to June 30, 2013. Tangible book value per share was $37.00, up $0.70 per share compared to June 30, 2013. Based on the closing stock price of the Company’s common stock of $57.55 per share on October 22, 2013, this price equated to 1.12 times September 30, 2013 book value and 1.55 times September 30, 2013 tangible book value per share.

8

On September 17, 2013, 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 2.36%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 267 combined offices, including 170 bank branch offices and four LPOs in Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title insurance offices in Arkansas and Louisiana, mortgage representatives in 63 locations in 12 states, eight locations with representatives of IBERIA Wealth Advisors in four states, and one IBERIA Capital Partners, L.L.C. office in New Orleans.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC.” The Company’s market capitalization was approximately $1.7 billion, based on the NASDAQ closing stock price on October 22, 2013.

The following 12 investment firms currently provide equity research coverage on IBERIABANK Corporation:

• Bank of America Merrill Lynch

• FIG Partners, LLC

• Jefferies & Co., Inc.

• Keefe, Bruyette & Woods

• Merion Capital Group

• Oppenheimer & Co., Inc.

• Raymond James & Associates, Inc.

• Robert W. Baird & Company

• Stephens, Inc.

• Sterne, Agee & Leach

• 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 23, 2013, beginning at 8:00 a.m. Central Time by dialing 1-800-553-5260. The confirmation code for the call is 304685. A replay of the call will be available until midnight Central Time on October 30, 2013 by dialing 1-800-475-6701. The confirmation code for the replay is 304685. 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.

9

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, actual results deviating from the Company’s current estimates and assumptions of timing and amounts of cash flows, credit risk of our customers, effects of the on-going correction in residential real estate prices and reduced levels of home sales ,our ability to satisfy new capital and liquidity standards such as those imposed by the Dodd-Frank Act and those adopted by the Basel Committee and federal banking regulators, 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, subsequent Quarterly Reports on Form 10-Q, and other filings with the Securities and Exchange Commission (the “SEC”), available at the SEC’s website, http://www.sec.gov, and at 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.

10

Table 1 - IBERIABANK CORPORATION

FINANCIAL HIGHLIGHTS

	For The Quarter Ended									For The Quarter Ended
	September 30,									June 30,
	2013			2012			% Change			2013			% Change
Income Data (in thousands):
Net Interest Income	$	97,452		$	96,726			1	%	$	96,482			1	%
Net Interest Income (TE) (1)		99,773			99,143			1	%		98,878			1	%
Net Income		23,192			21,234			9	%		15,590			49	%
Earnings Available to Common Shareholders - Basic		23,192			21,234			9	%		15,590			49	%
Earnings Available to Common Shareholders - Diluted		22,767			20,828			9	%		15,297			49	%
Per Share Data:
Earnings Available to Common Shareholders - Basic	$	0.78		$	0.73			7	%	$	0.53			49	%
Earnings Available to Common Shareholders - Diluted		0.78			0.73			7	%		0.53			48	%
Operating Earnings (Non-GAAP)		0.83			0.83			(0	%)		0.69			21	%
Book Value		51.30			51.44			(0	%)		50.65			1	%
Tangible Book Value (2)		37.00			37.07			(0	%)		36.30			2	%
Cash Dividends		0.34			0.34			—			0.34			—
Closing Stock Price		51.91			45.80			13	%		53.61			(3	%)
Key Ratios: (3)
Operating Ratios:
Return on Average Assets		0.71	%		0.69	%					0.49	%
Return on Average Common Equity		6.08	%		5.56	%					4.09	%
Return on Average Tangible Common Equity (2)		8.74	%		7.91	%					5.96	%
Net Interest Margin (TE) (1)		3.37	%		3.58	%					3.39	%
Efficiency Ratio		76.9	%		76.7	%					84.4	%
Tangible Efficiency Ratio (TE) (1) (2)		74.5	%		74.3	%					81.9	%
Full-time Equivalent Employees		2,559			2,684						2,611
Capital Ratios:
Tangible Common Equity Ratio (Non-GAAP)		8.64	%		9.01	%					8.69	%
Tangible Common Equity to Risk-Weighted Assets		10.93	%		12.35	%					11.04	%
Tier 1 Leverage Ratio		9.65	%		10.01	%					9.59	%
Tier 1 Capital Ratio		12.02	%		13.27	%					12.21	%
Total Risk Based Capital Ratio		13.28	%		14.54	%					13.46	%
Common Stock Dividend Payout Ratio		43.6	%		47.2	%					64.8	%
Asset Quality Ratios:
Excluding FDIC Covered Assets and Acquired Assets
Nonperforming Assets to Total Assets (4)		0.66	%		0.65	%					0.69	%
Allowance for Loan Losses to Loans		0.83	%		1.21	%					0.83	%
Net Charge-offs to Average Loans		0.02	%		0.12	%					0.06	%
Nonperforming Assets to Total Loans and OREO (4)		0.98	%		1.04	%					1.02	%
	For The Quarter Ended						For The Quarter Ended
	September 30,						June 30,			March 31,			December 31,
	2013			2013			2013			2013			2012
Balance Sheet Summary (in thousands):	End of Period			Average			Average			Average			Average
Excess Liquidity (5)	$	292,706		$	213,092		$	294,544		$	629,406		$	432,752
Total Investment Securities		2,120,067			2,096,974			2,096,166			2,096,229			1,957,542
Loans, Net of Unearned Income		9,043,037			8,975,347			8,748,476			8,543,538			8,384,218
Loans, Net of Unearned Income, Excluding Covered Assets and Acquired Assets		7,719,573			7,616,272			7,262,803			6,922,784			6,636,343
Total Assets		13,145,077			12,944,435			12,881,551			13,075,008			12,692,665
Total Deposits		10,950,764			10,728,256			10,638,478			10,703,883			10,315,944
Total Shareholders’ Equity		1,525,268			1,514,155			1,528,606			1,531,068			1,533,561

⁽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.

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

11

Table 2 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	September 30,									June 30,
BALANCE SHEET (End of Period)	2013			2012			% Change			2013			% Change
ASSETS
Cash and Due From Banks	$	260,742		$	206,373			26.3	%	$	227,114			14.8	%
Interest-bearing Deposits in Banks		292,706			416,693			(29.8	%)		120,451			143.0	%
Total Cash and Equivalents		553,448			623,066			(11.2	%)		347,565			59.2	%
Investment Securities Available for Sale		1,964,389			1,757,934			11.7	%		1,912,058			2.7	%
Investment Securities Held to Maturity		155,678			188,999			(17.6	%)		163,240			(4.6	%)
Total Investment Securities		2,120,067			1,946,933			8.9	%		2,075,298			2.2	%
Mortgage Loans Held for Sale		108,285			211,132			(48.7	%)		162,031			(33.2	%)
Loans, Net of Unearned Income		9,043,037			8,229,946			9.9	%		8,903,037			1.6	%
Allowance for Loan Losses		(148,545	)		(201,387	)		(26.2	%)		(162,903	)		(8.8	%)
Loans, Net		8,894,492			8,028,559			10.8	%		8,740,134			1.8	%
Loss Share Receivable		204,885			431,167			(52.5	%)		241,040			(15.0	%)
Premises and Equipment		289,157			304,699			(5.1	%)		296,988			(2.6	%)
Goodwill and Other Intangibles		426,384			424,154			0.5	%		427,581			(0.3	%)
Other Assets		548,359			564,409			(2.8	%)		532,866			2.9	%
Total Assets	$	13,145,077		$	12,534,119			4.9	%	$	12,823,503			2.5	%
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	2,529,296		$	1,851,569			36.6	%	$	2,055,333			23.1	%
NOW Accounts		2,136,624			2,038,783			4.8	%		2,484,824			(14.0	%)
Savings and Money Market Accounts		4,420,776			3,791,616			16.6	%		4,133,770			6.9	%
Certificates of Deposit		1,864,068			2,231,143			(16.5	%)		1,967,791			(5.3	%)
Total Deposits		10,950,764			9,913,111			10.5	%		10,641,718			2.9	%
Short-term Borrowings		—			290,000			(100.0	%)		—			—
Securities Sold Under Agreements to Repurchase		258,850			241,501			7.2	%		289,377			(10.5	%)
Trust Preferred Securities		111,862			111,862			—			111,862			—
Other Long-term Debt		169,239			317,442			(46.7	%)		171,623			(1.4	%)
Other Liabilities		129,094			145,049			(11.0	%)		104,162			23.9	%
Total Liabilities		11,619,809			11,018,965			5.5	%		11,318,742			2.7	%
Total Shareholders’ Equity		1,525,268			1,515,154			0.7	%		1,504,761			1.4	%
Total Liabilities and Shareholders’ Equity	$	13,145,077		$	12,534,119			4.9	%	$	12,823,503			2.5	%

	September 30,			June 30,			March 31,			December 31,			September 30,
BALANCE SHEET (Average)	2013			2013			2013			2012			2012
ASSETS
Cash and Due From Banks	$	219,113		$	219,344		$	220,746		$	212,404		$	192,891
Interest-bearing Deposits in Banks		213,092			294,544			629,406			432,752			236,653
Investment Securities		2,096,974			2,096,166			2,096,229			1,957,542			2,005,975
Mortgage Loans Held for Sale		119,343			170,620			178,387			212,432			182,543
Loans, Net of Unearned Income		8,975,347			8,748,476			8,543,538			8,384,218			8,016,829
Allowance for Loan Losses		(160,994	)		(183,783	)		(245,384	)		(196,634	)		(180,798	)
Loss Share Receivable		228,047			268,700			384,319			411,328			448,746
Other Assets		1,253,513			1,267,484			1,267,767			1,278,623			1,279,715
Total Assets	$	12,944,435		$	12,881,551		$	13,075,008		$	12,692,665		$	12,182,554
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	2,338,772		$	2,010,263		$	1,937,890		$	1,928,361		$	1,773,302
NOW Accounts		2,257,050			2,488,721			2,464,922			2,207,032			2,023,769
Savings and Money Market Accounts		4,213,765			4,113,671			4,170,123			3,935,675			3,701,947
Certificates of Deposit		1,918,669			2,025,823			2,130,948			2,244,876			2,206,939
Total Deposits		10,728,256			10,638,478			10,703,883			10,315,944			9,705,957
Short-term Borrowings		1,630			77			500			9,239			121,957
Securities Sold Under Agreements to Repurchase		288,029			294,712			292,448			262,027			245,486
Trust Preferred Securities		111,862			111,862			111,862			111,862			113,905
Long-term Debt		170,452			181,884			300,071			312,190			324,923
Other Liabilities		130,052			125,932			135,176			147,842			150,988
Total Liabilities		11,430,280			11,352,945			11,543,940			11,159,104			10,663,216
Total Shareholders’ Equity		1,514,155			1,528,606			1,531,068			1,533,561			1,519,338
Total Liabilities and Shareholders’ Equity	$	12,944,435		$	12,881,551		$	13,075,008		$	12,692,665		$	12,182,554

12

Table 3 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Three Months Ended
	September 30,									June 30,
INCOME STATEMENT	2013			2012			% Change			2013			% Change
Interest Income	$	108,512		$	111,951			(3.1	%)	$	108,177			0.3	%
Interest Expense		11,060			15,225			(27.4	%)		11,695			(5.4	%)
Net Interest Income		97,452			96,726			0.8	%		96,482			1.0	%
Provision for Loan Losses		2,014			4,053			(50.3	%)		1,807			11.4	%
Net Interest Income After Provision for Loan Losses		95,438			92,673			3.0	%		94,675			0.8	%
Service Charges		7,512			6,952			8.1	%		7,106			5.7	%
ATM / Debit Card Fee Income		2,476			2,377			4.2	%		2,357			5.0	%
BOLI Proceeds and Cash Surrender Value Income		908			916			(0.9	%)		901			0.8	%
Mortgage Income		15,202			23,215			(34.5	%)		17,708			(14.2	%)
Gain (Loss) on Sale of Investments, Net		13			41			(68.3	%)		(57	)		122.8	%
Title Revenue		5,482			5,623			(2.5	%)		5,696			(3.8	%)
Broker Commissions		3,950			3,092			27.8	%		3,863			2.3	%
Other Noninterest Income		7,720			4,337			78.0	%		4,915			57.1	%
Total Noninterest Income		43,263			46,553			(7.1	%)		42,489			1.8	%
Salaries and Employee Benefits		59,234			59,938			(1.2	%)		63,815			(7.2	%)
Occupancy and Equipment		14,572			13,869			5.1	%		14,283			2.0	%
Amortization of Acquisition Intangibles		1,179			1,287			(8.4	%)		1,181			(0.2	%)
Other Noninterest Expense		33,166			34,754			(4.6	%)		38,082			(12.9	%)
Total Noninterest Expense		108,152			109,848			(1.5	%)		117,361			(7.8	%)
Income Before Income Taxes		30,549			29,378			4.0	%		19,803			54.3	%
Income Taxes		7,357			8,144			(9.7	%)		4,213			74.6	%
Net Income	$	23,192		$	21,234			9.2	%	$	15,590			48.8	%
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		23,192			21,234			9.2	%		15,590			48.8	%
Earnings Allocated to Unvested Restricted Stock		(425	)		(406	)		4.5	%		(293	)		45.1	%
Earnings Available to Common Shareholders - Diluted		22,767			20,828			9.3	%		15,297			48.8	%
Earnings Per Share, Diluted	$	0.78		$	0.73			7.1	%	$	0.53			48.4	%
Impact of Non-Operating Expenses (Non-GAAP)	$	0.05		$	0.10			(51.2	%)	$	0.16			(69.2	%)
Earnings Per Share, Diluted, Excluding Non-operating Expenses (Non-GAAP)	$	0.83		$	0.83			(0.3	%)	$	0.69			20.5	%
NUMBER OF SHARES OUTSTANDING
Basic Shares - All Classes (Average)		29,631,799			29,066,000			1.9	%		29,610,315			0.1	%
Diluted Shares - Common Shareholders (Average)		29,147,232			28,548,432			2.1	%		29,066,906			0.3	%
Book Value Shares (Period End) (1)		29,734,459			29,456,748			0.9	%		29,710,058			0.1	%
	2013									2012
	Third			Second			First			Fourth			Third
INCOME STATEMENT	Quarter			Quarter			Quarter			Quarter			Quarter
Interest Income	$	108,512		$	108,177		$	106,416		$	114,779		$	111,951
Interest Expense		11,060			11,695			13,545			14,789			15,225
Net Interest Income		97,452			96,482			92,871			99,990			96,726
(Reversal of) Provision for Loan Losses		2,014			1,807			(3,377	)		4,866			4,053
Net Interest Income After (Reversal of) Provision for Loan Losses		95,438			94,675			96,248			95,124			92,673
Total Noninterest Income		43,263			42,489			44,491			50,354			46,553
Total Noninterest Expense		108,152			117,361			144,898			113,441			109,848
Income (Loss) Before Income Taxes		30,549			19,803			(4,159	)		32,037			29,378
Income Taxes		7,357			4,213			(4,876	)		8,829			8,144
Net Income	$	23,192		$	15,590		$	717		$	23,208		$	21,234
Preferred Stock Dividends		—			—			—			—			—
Earnings Available to Common Shareholders - Basic		23,192			15,590			717			23,208			21,234
Earnings Allocated to Unvested Restricted Stock		(425	)		(293	)		(20	)		(428	)		(406	)
Earnings Available to Common Shareholders - Diluted	$	22,767		$	15,297		$	697		$	22,780		$	20,828
Earnings Per Share, Basic	$	0.78		$	0.53		$	0.02		$	0.79		$	0.73
Earnings Per Share, Diluted	$	0.78		$	0.53		$	0.02		$	0.79		$	0.73
Book Value Per Common Share	$	51.30		$	50.65		$	51.33		$	51.88		$	51.44
Tangible Book Value Per Common Share	$	37.00		$	36.30		$	36.93		$	37.34		$	37.07
Return on Average Assets		0.71	%		0.49	%		0.02	%		0.73	%		0.69	%
Return on Average Common Equity		6.08	%		4.09	%		0.19	%		6.02	%		5.56	%
Return on Average Tangible Common Equity		8.74	%		5.96	%		0.55	%		8.62	%		7.91	%

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

13

Table 4 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Nine Months Ended
	September 30,
INCOME STATEMENT	2013			2012			% Change
Interest Income	$	323,105		$	330,422			(2.2	%)
Interest Expense		36,299			48,662			(25.4	%)
Net Interest Income		286,806			281,760			1.8	%
Provision for Loan Losses		445			15,805			(97.2	%)
Net Interest Income After Provision for Loan Losses		286,361			265,955			7.7	%
Service Charges		21,415			19,557			9.5	%
ATM / Debit Card Fee Income		7,017			6,566			6.9	%
BOLI Proceeds and Cash Surrender Value Income		2,747			2,771			(0.9	%)
Mortgage Income		51,841			55,118			(5.9	%)
Gain on Sale of Investments, net		2,315			3,779			(38.7	%)
Title Revenue		16,199			15,495			4.5	%
Broker Commissions		11,347			9,254			22.6	%
Other Noninterest Income		17,361			13,103			32.5	%
Total Noninterest Income		130,242			125,643			3.7	%
Salaries and Employee Benefits		185,578			172,878			7.3	%
Occupancy and Equipment		44,050			39,496			11.5	%
Amortization of Acquisition Intangibles		3,543			3,865			(8.3	%)
Other Noninterest Expense		137,239			102,505			33.9	%
Total Noninterest Expense		370,410			318,744			16.2	%
Income Before Income Taxes		46,193			72,854			(36.6	%)
Income Taxes		6,694			19,667			(66.0	%)
Net Income	$	39,499		$	53,187			(25.7	%)
Preferred Stock Dividends		—			—			—
Earnings Available to Common Shareholders - Basic		39,499			53,187			(25.7	%)
Earnings Allocated to Unvested Restricted Stock		(744	)		(1,007	)		(26.1	%)
Earnings Available to Common Shareholders - Diluted		38,755			52,180			(25.7	%)
Earnings Per Share, diluted	$	1.33		$	1.81			(26.4	%)

14

Table 5 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	September 30,									June 30,
LOANS	2013			2012			% Change			2013			% Change
Residential Mortgage Loans		563,455			463,402			21.6	%		518,496			8.7	%
Commercial Loans:
Real Estate		3,779,839			3,549,837			6.5	%		3,744,238			1.0	%
Business		2,684,243			2,449,125			9.6	%		2,687,920			(0.1	%)
Total Commercial Loans		6,464,082			5,998,962			7.8	%		6,432,158			0.5	%
Consumer Loans:
Indirect Automobile		369,755			319,389			15.8	%		351,631			5.2	%
Home Equity		1,281,015			1,200,886			6.7	%		1,278,823			0.2	%
Automobile		87,342			55,244			58.1	%		76,427			14.3	%
Credit Card Loans		60,637			49,330			22.9	%		53,026			14.4	%
Other		216,751			142,733			51.9	%		192,476			12.6	%
Total Consumer Loans		2,015,500			1,767,582			14.0	%		1,952,383			3.2	%
Total Loans		9,043,037			8,229,946			9.9	%		8,903,037			1.6	%
Allowance for Loan Losses		(148,545	)		(201,387	)					(162,903	)
Loans, Net	$	8,894,492		$	8,028,558					$	8,740,134
Reserve for Unfunded Commitments (1)		(11,959	)		—			100.0	%		(10,342	)		15.6	%
Allowance for Credit Losses		(160,503	)		(201,387	)		(20.3	%)		(173,246	)		(7.4	%)
	September 30,									June 30,
ASSET QUALITY DATA (2)	2013			2012			% Change			2013			% Change
Nonaccrual Loans	$	341,691		$	567,006			(39.7	%)	$	409,775			(16.6	%)
Foreclosed Assets		1,592			1,648			(3.4	%)		1,647			(3.3	%)
Other Real Estate Owned		127,395			127,525			(0.1	%)		127,960			(0.4	%)
Accruing Loans More Than 90 Days Past Due		10,844			5,538			95.8	%		4,126			162.8	%
Total Nonperforming Assets	$	481,522		$	701,717			(31.4	%)	$	543,508			(11.4	%)
Loans 30-89 Days Past Due	$	26,445		$	59,063			(55.2	%)	$	35,204			(24.9	%)
Nonperforming Assets to Total Assets		3.66	%		5.60	%		(34.6	%)		4.24	%		(13.6	%)
Nonperforming Assets to Total Loans and OREO		5.25	%		8.39	%		(37.5	%)		6.02	%		(12.8	%)
Allowance for Loan Losses to Nonperforming Loans (3)		42.1	%		35.2	%		19.8	%		39.4	%		7.1	%
Allowance for Loan Losses to Nonperforming Assets		30.8	%		28.7	%		7.5	%		30.0	%		2.9	%
Allowance for Loan Losses to Total Loans		1.64	%		2.45	%		(32.9	%)		1.83	%		(10.2	%)
Allowance for Credit Losses to Nonperforming Loans (1) (3)		45.5	%		35.2	%		29.4	%		41.9	%		8.8	%
Allowance for Credit Losses to Nonperforming Assets (1)		33.3	%		28.7	%		16.1	%		31.9	%		4.6	%
Allowance for Credit Losses to Total Loans (1)		1.77	%		2.45	%		(27.5	%)		1.95	%		(8.8	%)
Year to Date Charge-offs	$	6,938		$	7,230			(4.0	%)	$	4,375			N/M
Year to Date Recoveries		(4,353	)		(2,495	)		74.5	%		(2,029	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	2,585		$	4,735			(45.4	%)	$	2,346			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	239		$	1,923			(87.6	%)	$	1,136			(79.0	%)
Quarter to Date Net Charge-offs to Average Loans (Annualized)		0.01	%		0.10	%		(88.9	%)		0.05	%		(79.8	%)

⁽¹⁾  During the second quarter of 2013, the Company segregated its allowance for credit losses into an allowance for loan losses and a reserve for unfunded commitments, which is included in other liabilities on its balance sheet.

⁽²⁾  For purposes of this table, nonperforming assets include all loans meeting nonperforming asset criteria, including assets acquired in FDIC-assisted transactions.

⁽³⁾  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.

15

Table 6 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	September 30,									June 30,
LOANS (Excluding Covered Assets and Acquired Assets) (1)	2013			2012			% Change			2013			% Change
Residential Mortgage Loans		389,912			231,492			68.4	%		325,847			19.7	%
Commercial Loans:
Real Estate		2,951,465			2,401,530			22.9	%		2,829,322			4.3	%
Business		2,589,405			2,267,766			14.2	%		2,558,866			1.2	%
Total Commercial Loans		5,540,870			4,669,296			18.7	%		5,388,187			2.8	%
Consumer Loans:
Indirect Automobile		367,308			313,243			17.3	%		348,479			5.4	%
Home Equity		1,072,671			945,560			13.4	%		1,059,375			1.3	%
Automobile		86,680			54,835			58.1	%		75,576			14.7	%
Credit Card Loans		59,936			48,454			23.7	%		52,243			14.7	%
Other		202,196			122,514			65.0	%		174,826			15.7	%
Total Consumer Loans		1,788,791			1,484,606			20.5	%		1,710,499			4.6	%
Total Loans		7,719,573			6,385,394			20.9	%		7,424,533			4.0	%
Allowance for Loan Losses		(64,165	)		(77,016	)					(61,599	)
Loans, Net	$	7,655,408		$	6,308,378					$	7,362,934
Reserve for Unfunded Commitments (2)		(11,959	)		—			100.0	%		(10,342	)		15.6	%
Allowance for Credit Losses		(76,124	)		(77,016	)		(1.2	%)		(71,942	)		5.8	%
ASSET QUALITY DATA (Excluding Covered Assets and	September 30,									June 30,
Acquired Assets)(1)	2013			2012			% Change			2013			% Change
Nonaccrual Loans	$	43,838		$	45,094			(2.8	%)	$	49,069			(10.7	%)
Foreclosed Assets		42			19			118.6	%		32			27.9	%
Other Real Estate Owned		30,565			18,448			65.7	%		25,860			18.2	%
Accruing Loans More Than 90 Days Past Due		1,418			2,883			(50.8	%)		1,071			32.4	%
Total Nonperforming Assets	$	75,863		$	66,444			14.2	%	$	76,033			(0.2	%)
Loans 30-89 Days Past Due	$	12,406		$	10,510			18.0	%	$	15,175			(18.3	%)
Troubled Debt Restructurings (3)		19,941			21,840			(8.7	%)		10,425			91.3	%
Current Troubled Debt Restructurings (4)		1,468			483			203.6	%		1,813			(19.0	%)
Nonperforming Assets to Total Assets		0.66	%		0.65	%		1.4	%		0.69	%		(4.1	%)
Nonperforming Assets to Total Loans and OREO		0.98	%		1.04	%		(5.7	%)		1.02	%		(4.1	%)
Allowance for Loan Losses to Nonperforming Loans (5)		141.8	%		160.5	%		(11.7	%)		122.9	%		15.4	%
Allowance for Loan Losses to Nonperforming Assets		84.6	%		115.9	%		(27.0	%)		81.0	%		4.4	%
Allowance for Loan Losses to Total Loans		0.83	%		1.21	%		(31.1	%)		0.83	%		0.2	%
Allowance for Credit Losses to Nonperforming Loans (1) (5)		168.2	%		160.5	%		4.8	%		143.5	%		17.2	%
Allowance for Credit Losses to Nonperforming Assets (1)		100.3	%		115.9	%		(13.4	%)		94.6	%		6.1	%
Allowance for Credit Losses to Total Loans (1)		0.99	%		1.21	%		(18.2	%)		0.97	%		1.8	%
Year to Date Charge-offs	$	6,785		$	6,838			(0.8	%)	$	4,227			N/M
Year to Date Recoveries		(4,283	)		(2,474	)		73.1	%		(2,028	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	2,502		$	4,364			(42.7	%)	$	2,199			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	303		$	1,923			(84.2	%)	$	1,028			(70.5	%)
Quarter to Date Net Charge-offs to Average Loans (Annualized)		0.02	%		0.12	%		(87.2	%)		0.06	%		(72.2	%)

⁽¹⁾  For purposes of this table, loans and nonperforming assets exclude all assets acquired.

⁽²⁾  During the second quarter of 2013, the Company segregated its allowance for credit losses into an allowance for loan losses and a reserve for unfunded commitments, which is included in other liabilities on its balance sheet.

⁽³⁾  Troubled debt restructurings meeting past due and nonaccruing criteria are included in loans past due and nonaccrual loans above.

⁽⁴⁾  Current troubled debt restructurings are defined as troubled debt restructurings not past due or on nonaccrual status for the respective periods.

⁽⁵⁾  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.

16

Table 6A - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

	September 30,									June 30,
LOANS (Covered Assets and Acquired Assets Only) (1)	2013			2012			% Change			2013			% Change
Residential Mortgage Loans		173,543			231,910			(25.2	%)		192,649			(9.9	%)
Commercial Loans:
Real Estate		828,743			1,148,307			(27.8	%)		914,916			(9.4	%)
Business		94,469			181,359			(47.9	%)		129,054			(26.8	%)
Total Commercial Loans		923,212			1,329,666			(30.6	%)		1,043,970			(11.6	%)
Consumer Loans:
Indirect Automobile		2,447			6,146			(60.2	%)		3,152			(22.4	%)
Home Equity		208,344			255,326			(18.4	%)		219,448			(5.1	%)
Automobile		662			409			61.8	%		852			(22.2	%)
Credit Card Loans		701			876			(19.9	%)		783			(10.4	%)
Other		14,555			20,219			(28.0	%)		17,650			(17.5	%)
Total Consumer Loans		226,709			282,976			(19.9	%)		241,885			(6.3	%)
Total Loans Receivable		1,323,464			1,844,552			(28.3	%)		1,478,504			(10.5	%)
Allowance for Loan Losses		(84,380	)		(124,371	)					(101,304	)
Loans, Net	$	1,239,084		$	1,720,181					$	1,377,200

	September 30,									June 30,
ASSET QUALITY DATA (Covered Assets and Acquired Assets Only) (1)	2013			2012			% Change			2013			% Change
Nonaccrual Loans	$	297,853		$	521,912			(42.9	%)	$	360,706			(17.4	%)
Foreclosed Assets		1,550			1,629			(4.8	%)		1,615			(4.0	%)
Other Real Estate Owned		96,830			109,077			(11.2	%)		102,099			(5.2	%)
Accruing Loans More Than 90 Days Past Due		9,426			2,655			255.0	%		3,055			208.6	%
Total Nonperforming Assets	$	405,659		$	635,273			(36.1	%)	$	467,475			(13.2	%)
Loans 30-89 Days Past Due		14,039			48,553			(71.1	%)		20,028			(29.9	%)
Nonperforming Assets to Total Assets		25.19	%		27.70	%		(9.0	%)		26.85	%		(6.2	%)
Nonperforming Assets to Total Loans and OREO		28.53	%		32.49	%		(12.2	%)		29.55	%		(3.4	%)
Allowance for Loan Losses to Nonperforming Loans (2)		27.5	%		23.7	%		15.8	%		27.8	%		(1.4	%)
Allowance for Loan Losses to Nonperforming Assets		20.8	%		19.6	%		6.2	%		21.7	%		(4.0	%)
Allowance for Loan Losses to Total Loans		6.38	%		6.74	%		(5.4	%)		6.85	%		(6.9	%)
Year to Date Charge-offs	$	153		$	391			(61.0	%)	$	148			N/M
Year to Date Recoveries		(70	)		(20	)		241.2	%		(0	)		N/M
Year to Date Net Charge-offs (Recoveries)	$	83		$	371			(77.6	%)	$	148			N/M
Quarter to Date Net Charge-offs (Recoveries)	$	(64	)	$	0			N/M		$	108			(159.7	%)
Quarter to Date Net Charge-offs to Average Loans (Annualized)		-0.02	%		0.00	%		N/M			0.03	%		(164.5	%)

⁽¹⁾  For purposes of this table, acquired loans and nonperforming assets are presented only. Nonperforming assets

include all loans meeting nonperforming asset criteria.

⁽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

17

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

	3Q 2012					4Q 2012					1Q 2013					2Q 2013					3Q 2013
	Average Balance		Yield			Average Balance		Yield			Average Balance		Yield			Average Balance		Yield			Average Balance		Yield
Non Covered Loans	$	6,863		4.55	%	$	7,272		4.52	%	$	7,504		4.44	%	$	7,794		4.40	%	$	8,104		4.39	%
FDIC Covered Loans	$	1,154		18.88	%	$	1,112		17.53	%	$	1,039		16.05	%	$	955		12.62	%	$	872		13.90	%
Covered Loans, net of Indemnification Asset Amortization	$	1,603		7.60	%	$	1,523		7.68	%	$	1,424		5.35	%	$	1,223		5.11	%	$	1,100		3.66	%

18

Table 8 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	September 30, 2013									June 30, 2013						September 30, 2012
	Interest			Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans		6,884		$	545,017			5.05	%	$	494,531			6.09	%	$	418,925			7.80	%
Commercial Loans (TE) (1)		88,934			6,443,410			5.49	%		6,321,599			5.16	%		5,832,375			6.61	%
Consumer and Other Loans		24,218			1,986,920			4.84	%		1,932,346			5.54	%		1,765,529			6.35	%
Total Loans		120,036			8,975,347			5.32	%		8,748,476			5.30	%		8,016,829			6.61	%
Loss Share Receivable		(22,875	)		228,047			-39.25	%		268,700			-26.69	%		448,746			-29.20	%
Total Loans and Loss Share Receivable		97,161			9,203,394			4.21	%		9,017,176			4.35	%		8,465,575			4.71	%
Mortgage Loans Held for Sale		1,289			119,343			4.32	%		170,620			3.17	%		182,543			3.21	%
Investment Securities (TE) (1)(2)		9,485			2,093,549			1.98	%		2,059,502			1.92	%		1,963,451			2.22	%
Other Earning Assets		577			258,362			0.89	%		338,668			0.87	%		298,681			0.85	%
Total Earning Assets		108,512			11,674,648			3.74	%		11,585,966			3.80	%		10,910,250			4.14	%
Allowance for Loan Losses					(160,994	)					(183,783	)					(180,798	)
Nonearning Assets					1,430,781						1,479,368						1,453,102
Total Assets				$	12,944,435					$	12,881,551					$	12,182,554
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts		1,909		$	2,257,050			0.34	%	$	2,488,721			0.32	%	$	2,023,769			0.35	%
Savings and Money Market Accounts		2,603			4,213,764			0.25	%		4,113,671			0.26	%		3,701,947			0.46	%
Certificates of Deposit		4,012			1,918,669			0.83	%		2,025,823			0.87	%		2,206,939			1.00	%
Total Interest-bearing Deposits		8,524			8,389,483			0.40	%		8,628,215			0.42	%		7,932,655			0.58	%
Short-term Borrowings		104			289,659			0.14	%		294,789			0.16	%		367,443			0.21	%
Long-term Debt		2,432			282,314			3.37	%		293,746			3.39	%		438,828			3.10	%
Total Interest-bearing Liabilities		11,060			8,961,456			0.49	%		9,216,750			0.51	%		8,738,926			0.69	%
Noninterest-bearing Demand Deposits					2,338,772						2,010,263						1,773,302
Noninterest-bearing Liabilities					130,052						125,932						150,988
Total Liabilities					11,430,280						11,352,945						10,663,216
Shareholders’ Equity					1,514,155						1,528,606						1,519,338
Total Liabilities and Shareholders’ Equity				$	12,944,435					$	12,881,551					$	12,182,554
Net Interest Spread				$	97,452			3.25	%	$	96,482			3.29	%	$	96,726			3.45	%
Tax-equivalent Benefit					2,321			0.08	%		2,396			0.08	%		2,417			0.09	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)				$	99,773			3.37	%	$	98,878			3.39	%	$	99,143			3.58	%

⁽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.

19

Table 9 - IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Nine Months Ended
	September 30, 2013									September 30, 2012
	Interest			Average Balance			Average Yield/Rate (%)			Interest			Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans		21,868		$	504,154			5.78	%		24,903		$	445,085			7.46	%
Commercial Loans (TE) (1)		258,420			6,324,468			5.48	%		279,329			5,569,467			6.69	%
Consumer and Other Loans		78,056			1,928,747			5.41	%		77,973			1,650,302			6.31	%
Total Loans		358,344			8,757,369			5.48	%		382,205			7,664,854			6.65	%
Loss Share Receivable		(68,707	)		293,116			-30.91	%		(89,899	)		510,097			-23.16	%
Total Loans and Loss Share Receivable		289,637			9,050,485			4.30	%		292,306			8,174,951			4.79	%
Mortgage Loans Held for Sale		3,965			155,900			3.39	%		3,747			145,138			3.44	%
Investment Securities (TE) (1)(2)		27,323			2,065,295			1.94	%		32,333			1,981,130			2.38	%
Other Earning Assets		2,180			423,775			0.69	%		2,036			343,771			0.79	%
Total Earning Assets		323,105			11,695,456			3.74	%		330,422			10,644,990			4.20	%
Allowance for Loan Losses					(196,412	)								(179,927	)
Nonearning Assets					1,467,475									1,431,895
Total Assets				$	12,966,519								$	11,896,958
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities
Deposits:
NOW Accounts		5,836		$	2,402,803			0.32	%		5,577		$	1,977,963			0.38	%
Savings and Money Market Accounts		8,864			4,166,013			0.28	%		12,825			3,569,705			0.48	%
Certificates of Deposit		13,038			2,024,369			0.86	%		19,755			2,321,289			1.14	%
Total Interest-bearing Deposits		27,738			8,593,185			0.43	%		38,157			7,868,957			0.65	%
Short-term Borrowings		365			292,453			0.16	%		507			288,545			0.23	%
Long-term Debt		8,196			328,856			3.29	%		9,999			433,510			3.03	%
Total Interest-bearing Liabilities		36,299			9,214,494			0.52	%		48,661			8,591,012			0.75	%
Noninterest-bearing Demand Deposits					2,097,110									1,648,502
Noninterest-bearing Liabilities					130,368									150,658
Total Liabilities					11,441,972									10,390,172
Shareholders’ Equity					1,524,547									1,506,786
Total Liabilities and Shareholders’ Equity				$	12,966,519								$	11,896,958
Net Interest Spread				$	286,806			3.22	%				$	281,760			3.44	%
Tax-equivalent Benefit					7,182			0.08	%					7,210			0.09	%
Net Interest Income (TE) / Net Interest Margin (TE) (1)				$	293,988			3.33	%				$	288,970			3.59	%

⁽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.

20

Table 10 - IBERIABANK CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES

(dollars in thousands, except per share data)

	For The Quarter Ended
	September 30, 2013			June 30, 2013			September 30, 2012
Net Interest Income (GAAP)	$	97,452		$	96,482		$	96,726
Effect of Tax Benefit on Interest Income		2,321			2,396			2,417
Net Interest Income (TE) (Non-GAAP) (1)		99,773			98,878			99,143
Noninterest Income (GAAP)		43,263			42,489			46,553
Effect of Tax Benefit on Noninterest Income		489			485			493
Noninterest Income (TE) (Non-GAAP) (1)		43,752			42,974			47,046
Taxable Equivalent Revenues (Non-GAAP) (1)		143,525			141,852			146,189
Securities Losses (Gains)		(13	)		57			(41	)
Impact of New Accounting Standard		5,496			4,967			—
Other noninterest income		—			—			—
Taxable Equivalent Operating Revenues (Non-GAAP) (1)	$	149,008		$	146,876		$	146,148
Total Noninterest Expense (GAAP)	$	108,152		$	117,361		$	109,848
Less Intangible Amortization Expense		(1,179	)		(1,181	)		(1,287	)
Tangible Noninterest Expense (Non-GAAP) (2)		106,973			116,180			108,561
Merger-related expenses		85			—			2,985
Severance expenses		554			1,670			712
Occupancy expenses and branch closure expenses		594			306			284
Impairment of long-lived assets		977			4,618			—
Provision for FDIC clawback liability		667			130			—
Debt prepayment		—			—			—
Termination of debit card rewards program		—			450			—
Professional expenses and litigation settlements		(630	)		150			574
Tangible Operating Noninterest Expense (Non-GAAP) (2)	$	104,725		$	108,856		$	104,006
Return on Average Common Equity (GAAP)		6.08	%		4.09	%		5.56	%
Effect of Intangibles (2)		2.66	%		1.87	%		2.35	%
Effect of Non Operating Revenues and Expenses		1.82	%		2.91	%		1.04	%
Operating Return on Average Tangible Common Equity (Non-GAAP) (2)		10.56	%		8.88	%		8.95	%
Efficiency Ratio (GAAP)		76.9	%		84.5	%		76.7	%
Effect of Tax Benefit Related to Tax Exempt Income		(1.5	%)		(1.8	%)		(1.6	%)
Efficiency Ratio (TE) (Non-GAAP) (1)		75.4	%		82.7	%		75.1	%
Effect of Amortization of Intangibles		(0.9	%)		(0.8	%)		(0.8	%)
Effect of Non-Operating Items and New Accounting Standard		(4.2	%)		(7.8	%)		(3.1	%)
Tangible Operating Efficiency Ratio (TE)(Non-GAAP) (1) (2)		70.3	%		74.1	%		71.2	%

⁽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.

21

Table 11 - IBERIABANK CORPORATION

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES ⁽¹⁾

(dollars in thousands)

	For The Quarter Ended
	September 30, 2013									June 30, 2013									September 30, 2012
	Dollar Amount									Dollar Amount									Dollar Amount
	Pre-tax			After-tax (2)			Per share			Pre-tax			After-tax (2)			Per share			Pre-tax			After-tax (2)			Per share
Net Income (Loss) (GAAP)	$	30,549		$	23,192		$	0.78		$	19,803		$	15,590		$	0.53		$	29,378		$	21,234		$	0.73
Noninterest income adjustments
Loss (Gain) on sale of investments		(13	)		(8	)		(0.00	)		57			37			0.00			(41	)		(27	)		(0.00	)
Other noninterest income		—			—			—			—			—			—			—			—			—
Noninterest expense adjustments
Merger-related expenses		85			55			0.00			—			—			—			2,985			1,940			0.07
Severance expenses		554			360			0.01			1,670			1,086			0.04			712			463			0.02
Impairment of long-lived assets		977			635			0.02			4,618			3,002			0.10			—			—			—
Provision for FDIC clawback liability		667			434			0.01			130			84			0.00			—			—			—
Occupancy expenses and branch closure expenses		594			386			0.01			306			199			0.01			284			185			0.01
Termination of debit card rewards program		—			—			—			450			293			0.01			—			—			—
Professional expenses and litigation settlements		(630	)		(410	)		(0.01	)		150			97			0.00			574			373			0.01
Operating earnings (Non-GAAP) (3)		32,783			24,644			0.83			27,185			20,388			0.69			33,892			24,168			0.83
Covered and acquired (reversal of) provision for loan losses		(854	)		(555	)		(0.02	)		(3,141	)		(2,042	)		(0.07	)		3,827			2,488			0.09
Other (reversal of) provision for loan losses		2,868			1,864			0.07			4,949			3,217			0.11			226			147			0.01
Pre-provision operating earnings (Non-GAAP) (3)	$	34,797		$	25,953		$	0.89		$	28,992		$	21,563		$	0.73		$	37,945		$	26,803		$	0.92
Net Income (Loss) (GAAP)	$	30,549		$	23,192		$	0.78		$	19,803		$	15,590		$	0.53		$	29,378		$	21,234		$	0.73
Impact of adoption of new accounting standard (4)		5,496			3,572			0.12			4,967			3,228			0.11			—			—			—
Earnings less impact of new accounting standard (Non-GAAP)	$	36,045		$	26,764		$	0.90		$	24,770		$	18,818		$	0.64		$	29,378		$	21,234		$	0.73
Operating earnings including the impact of the adoption of new accounting standard (Non-GAAP)	$	32,783		$	24,644		$	0.83		$	27,185		$	20,388		$	0.69		$	33,892		$	24,168		$	0.83
Impact of adoption of new accounting standard (4)		5,496			3,572			0.12			4,967			3,228			0.11			—			—			—
Operating earnings less impact of new accounting standard (Non-GAAP)	$	38,279		$	28,216		$	0.95		$	32,152		$	23,617		$	0.80		$	33,892		$	24,168		$	0.83

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

⁽²⁾ After-tax amounts estimated based on a 35% marginal tax rate.

⁽³⁾ Includes the impact of the adoption of ASU 2012-06 in the three-month periods ending September 30, 2013 and June 30, 2013.

⁽⁴⁾  Adjustments represent additonal amortization on the Company’s loss share receivable due to the adoption of ASU 2012-06 for the three month-periods ending September 30, 2013, and June 30, 2013. The amounts included above represent the incremental amortization as calculated using the yield on the covered portfolio for the three month period ending December 31, 2012. The Company expects the additional amortization (calculated on the same basis as the amount above) over the next four quarters to be as follows:

Quarter Ended	Pre-tax Amount		After-tax Amount (2)		Per Share (5)
12/31/2013	$	5,742	$	3,732	$	0.13
3/31/2014		5,603		3,642		0.12
6/30/2014		5,246		3,410		0.11
9/30/2014		5,002		3,251		0.11

⁽⁵⁾ Per share amounts have been calculated using a sharecount that is consistent with the fully diluted sharecount for the quarter ended September 30, 2013.

22

EX-99.2

3Q13 Earnings Conference Call

Supplemental Presentation

October 22, 2013

Exhibit 99.2

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,

actual

results

deviating

from

the

Company’s

current

estimates

and

assumptions

of

timing

and

amounts

of

cash

flows,

credit

risk

of

our

customers,

effects

of

the

on-going

correction

in

residential

real

estate

prices

and

reduced

levels

of

home

sales,

our

ability

to

satisfy

new

capital

and

liquidity

standards

such

as

those

imposed

by

the

Dodd-Frank

Act

and

those

adopted

by

the

Basel

committee

and

federal

banking

regulators,

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,

subsequent

Quarterly

Reports

on

Form

10-Q,

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.

2

2

3

•

Operating EPS of $0.83 driven by higher net interest income, improvement in operating

expenses and continued strong organic loan and core deposit growth

•

Legacy loan growth:

•

Core deposit growth:

•

Stable net interest margin  -

2 bps decline to 3.37%

•

Tax equivalent net interest income increased $1 million, or 1%, while average earning

assets increased $89 million, or 1%

•

$3.6

million

aggregate

provision

for

credit

losses

--

$2

million

provision

for

loan

losses

and $1.6 million provision for unfunded lending commitments

•

Total operating expenses declined from $110 million in 2Q13 to $106 million in 3Q13. 

Included in 3Q13 operating expense is a $1.1 million increase in

provision for unfunded

lending commitments

Introductory Comments

Third Quarter 2013 –

Summary Comments

$295 million since June 30, 2013 (+16% annualized)

$2.4 billion since year-end 2011 (+25% annualized)

$413 million since June 30, 2013 (+19% annualized)

$2.1 billion since year-end 2011 (+17% annualized)

6 bps decline in the earning asset yield

2 bps decline in total cost of deposits

4

Loan Growth

Since Year-End 2008

Year-End 2008

$3.7 Billion

September 30, 2013

$9.0 Billion

Acquired loans, net of discount

+$2.9 billion

Acquired loan pay downs

($1.6 billion)

Legacy loan growth

+$4.0 billion

Total net growth

+$5.3 billion

5

Deposit Growth

Since Year-End 2008

Year-End 2008

$4.0 Billion

September 30, 2013

$11.0 Billion

•

$7.0 billion growth in total

deposits or +174% (+37%

annualized)

6

Financial Overview

Financial Overview

Performance Metrics –

Yields and Costs

•

Investment yield

increased 6 bps due to

reduced bond premium

amortization

•

Non-covered loan yield

was stable on a linked

quarter basis

•

Net covered loan yield

declined 145 bps due to

improving credit quality

and lower income on

covered loans that led to

higher amortization on

the Indemnification Asset

•

Average noninterest

bearing deposits up $329

million (+16% linked

quarter basis)

•

Interest bearing deposit

costs declined 2 bps

•

Margin declined 2 bps to

3.37%

6/30/2013

9/30/2013

Investment Securities

1.92%

1.98%

6

bps

Covered Loans, net of loss share receivable

5.11%

3.66%

(145)

bps

Noncovered Loans

4.40%

4.39%

(1)

bps

Loans & Loss Share Receivable

4.35%

4.21%

(14)

bps

Mortgage Loans Held For Sale

3.17%

4.32%

115

bps

Other Earning Assets

0.87%

0.89%

2

bps

  Total Earning Assets

3.80%

3.74%

(6)

bps

Interest Bearing Deposits

0.42%

0.40%

(2)

bps

Short-Term Borrowings

0.16%

0.14%

(2)

bps

Long-Term Borrowings

3.39%

3.37%

(2)

bps

  Total Interest Bearing Liabilities

0.51%

0.49%

(2)

bps

Net Interest Spread

3.29%

3.25%

(4)

bps

Net Interest Margin

3.39%

3.37%

(2)

bps

(1)

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

Basis Point

Change

For Quarter Ended:

7

Financial Overview

Non-Interest Income Trends

•

Mortgage loan income declined $2.5 million or -14%

•

Title insurance income decreased $0.2 million, or -4%

•

Increased brokerage commissions of $0.1 million or 2%

•

Deposit service charge income increased $0.4 million, or 6%,

from 2Q13

•

Increased client derivative income of $1.8 million

3Q13 originations down 25% from 2Q13

due to market forces and seasonal trends

Refinancings were 19% of production,

down from 31% in 2Q13

Sales down 19% in 3Q13 and down 18%

from 3Q12

$15 million in 3Q13 revenues (down

14%)

Margins declined as industry rates rose;

Small buyback costs

Pipeline of $182 million at quarter-end

and

$191

million

on

October

11

th

(+9%)

Noninterest Income ($000s)

3Q12

4Q12

1Q13

2Q13

3Q13

$ Change

% Change

Service Charges on Deposit Accounts

6,952

$    

7,295

$    

6,797

$    

7,106

$    

7,512

$    

406

$        

6%

ATM / Debit Card Fee Income

2,377

2,412

2,183

2,357

2,476

119

5%

BOLI Proceeds and CSV Income

916

909

939

901

908

7

1%

Mortgage Income

23,215

22,935

18,931

17,708

15,202

(2,506)

-14%

Title Revenue

5,623

5,492

5,021

5,696

5,482

(214)

-4%

Broker Commissions

3,092

4,192

3,534

3,863

3,950

87

2%

Other Noninterest Income

4,337

4,928

4,727

4,915

7,720

2,805

57%

Noninterest

income

excluding

non-operating

income

46,512

48,162

42,132

42,546

43,250

704

2%

Gain (Loss) on Sale of Investments, Net

41

(4)

2,359

(57)

13

70

123%

Other Non-operating income

-

2,196

-

-

-

-

-

Total Noninterest Income

46,553

$ 

50,354

$ 

44,491

$ 

42,489

$ 

43,263

$ 

774

$        

2%

3Q13 vs. 2Q13

8

Financial Overview

Non-Interest Expense

•

Noninterest expenses excluding non-operating items down $4

million, or 4%, as compared to 2Q13

•

Total expenses down $9 million, or 8%, in 3Q13

•

Severance expense down $1 million, or 67%

•

Occupancy and branch closure costs down $4 million

•

Impairment of closed fixed assets of $1 million

•

Provision for FDIC clawback liability up $0.5 million

•

Debit Card Rewards program termination down $0.5 million

Mortgage commissions

(1.9)

$

mil.

Salaries and benefits

(1.9)

Consulting and professional expense

(0.8)

Occupancy expense

(0.2)

Reserve for unfunded lending commitments

1.1

(3.7)

$

Noninterest Expense ($000s)

3Q12

4Q12

1Q13

2Q13

3Q13

$ Change

%

Change

Mortgage Commissions

6,006

$      

5,747

$      

4,327

$      

6,127

$      

4,238

$      

(1,889)

$  

-31%

Hospitalization Expense

3,773

4,005

4,407

3,994

4,303

309

8%

Other Salaries and Benefits

49,270

50,675

53,668

52,024

50,140

(1,884)

-4%

Salaries and Employee Benefits

59,049

$    

60,426

$    

62,402

$    

62,145

$    

58,681

$    

(3,464)

$  

-6%

Credit/Loan Related

4,846

4,386

3,739

4,168

5,248

1,080

26%

Occupancy and Equipment

13,500

14,413

14,774

14,321

13,863

(457)

-3%

Amortization of Acquisition Intangibles

1,287

1,285

1,183

1,181

1,179

(2)

0%

All Other Noninterest Expense

26,611

30,328

28,050

28,222

26,933

(1,288)

-5%

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

105,293

$ 

110,838

$ 

110,148

$ 

110,036

$ 

105,904

$ 

(4,132)

$  

-4%

Severance

712

370

97

1,670

554

(1,116)

-67%

Occupancy and Branch Closure Costs

284

711

375

4,925

594

(4,330)

-88%

Impairment of Long-lived Assets

-

-

31,813

-

977

977

100%

Provision for FDIC clawback liability

-

-

-

130

667

537

414%

Debt Prepayment

-

-

2,307

-

-

-

0%

Termination of Debit Card Rewards Program

-

-

-

450

-

(450)

-100%

Consulting and Professional

574

339

-

150

(630)

(780)

-520%

Merger-Related Expenses

2,985

1,183

157

-

85

85

100%

Total Noninterest Expense

109,848

$ 

113,441

$ 

144,898

$ 

117,361

$ 

108,152

$ 

(9,209)

$  

-8%

Tangible Efficiency Ratio -

excl Nonop Exp

71.2%

72.5%

74.1%

74.2%

70.3%

3Q13 vs. 2Q13

Linked

quarter

increases/(decreases)

of:

9

Financial Overview

Non-Operating Items

•

Amortization of Indemnification Asset of $5.5 million in 3Q13 ($0.12 EPS)

•

3Q13 Provision for FDIC clawback liability of $0.7 million ($0.01 EPS)

•

3Q13 Severance expense of $0.6 million ($0.01 EPS)

•

Branch closure expense of $0.6 million in 3Q13 ($0.1 EPS)

Pre-tax

After-tax

(2)

Per share

Pre-tax

After-tax

(2)

Per share

Pre-tax

After-tax

(2)

Per share

Net Income (Loss) (GAAP)

29,378

$    

21,234

$    

0.73

$       

19,803

$    

15,590

$    

0.53

$       

30,549

$    

23,192

$    

0.78

$       

Noninterest income adjustments

Loss (Gain) on sale of investments

(41)

(27)

(0.00)

57

37

0.00

(13)

(8)

(0.00)

Other noninterest income

-

-

-

-

-

-

-

-

-

Noninterest expense adjustments

Merger-related expenses

2,985

1,940

0.07

-

-

-

85

55

0.00

Severance expenses

712

463

0.02

1,670

1,086

0.04

554

360

0.01

Impairment of indemnification asset

-

-

-

4,618

3,002

0.10

977

635

0.02

Provision for FDIC clawback liability

-

-

-

130

84

0.00

667

434

0.01

Occupancy expenses and branch closure expenses

284

185

0.01

306

199

0.01

594

386

0.01

Termination of debit card rewards program

-

-

-

450

293

0.01

-

-

-

Professional expenses and litigation settlements

574

373

0.01

150

97

0.00

(630)

(410)

(0.01)

Operating earnings (Non-GAAP) (3)

33,892

24,168

0.83

27,185

20,388

0.69

32,783

24,644

0.83

Covered and acquired impaired (reversal of) provision for loan losses

3,827

2,488

0.09

(3,141)

(2,042)

(0.07)

(854)

(555)

(0.02)

Other (reversal of) provision for loan losses

226

147

0.01

4,949

3,217

0.11

2,868

1,864

0.07

Pre-provision operating earnings (Non-GAAP) (3)

37,945

$    

26,803

$    

0.92

$       

28,992

$    

21,563

$    

0.73

$       

34,797

$    

25,953

$    

0.89

$       

Net Income (Loss) (GAAP)

29,378

$    

21,234

$    

0.73

$       

19,803

$    

15,590

$    

0.53

$       

30,549

$    

23,192

$    

0.78

$       

Impact of adoption of new accounting standard

(3)

-

-

-

4,967

3,228

0.11

5,496

3,572

0.12

Earnings less impact of new accounting standard (Non-GAAP)

29,378

$    

21,234

$    

0.73

$       

24,770

$    

18,818

$    

0.64

$       

36,045

$    

26,764

$    

0.90

$       

Operating earnings including the impact of the adoption

33,892

$    

24,168

$    

0.83

$       

27,185

$    

20,388

$    

0.69

$       

32,783

$    

24,644

$    

0.83

$       

of new accounting standard (Non-GAAP)

Impact of adoption of new accounting standard

(3)

-

-

-

4,967

3,228

0.11

5,496

3,572

0.12

Operating

earnings

less

impact

of

new

accounting

standard

(Non-GAAP)

33,892

$    

24,168

$    

0.83

$       

32,152

$    

23,617

$    

0.80

$       

38,279

$    

28,216

$    

0.95

$       

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

(2) After-tax amounts estimated based on a 35% marginal tax rate.

(3) Includes the impact of the adoption of ASU 2012-06 in the three-month periods ending September 30, 2013 and June 30, 2013.

Dollar Amount

Dollar Amount

Dollar Amount

RECONCILIATION

OF

NON-GAAP

FINANCIAL

MEASURES

(1)

(dollars in thousands)

For The Quarter Ended

September 30, 2012

June 30, 2013

September 30, 2013

10

9/30/2012

12/31/2012

3/31/2013

6/30/2013

9/30/2013

Net Income ($ in thousands)

21,234

$ 

23,208

$   

717

$       

15,590

$ 

23,192

$ 

49%

Per Share Data:

Fully Diluted Earnings

0.73

$      

0.79

$        

0.02

$      

0.53

$      

0.78

$      

48%

Operating Earnings (Non-GAAP)

0.83

0.80

0.74

0.69

0.83

21%

Pre-provision Operating Earnings  (Non-GAAP)

0.92

0.91

0.66

0.73

0.89

21%

Tangible Book Value

37.07

37.34

36.93

36.30

37.00

2%

Key Ratios:

Return on Average Assets

0.69%

0.73%

0.02%

0.49%

0.71%

22

bps

Return on Average Common Equity

5.56%

6.02%

0.19%

4.09%

6.08%

199

bps

Return on Average Tangible Common Equity (Non-GAAP)

7.91%

8.62%

0.55%

5.96%

8.74%

278

bps

Net Interest Margin (TE)

(1)

3.58%

3.55%

3.23%

3.39%

3.37%

(2)

bps

Tangible Efficiency Ratio (TE)

(1)

(Non-GAAP)

74.3%

73.2%

102.4%

81.9%

74.5%

(737)

bps

Tangible Common Equity Ratio (Non-GAAP)

9.01%

8.66%

8.75%

8.69%

8.64%

(5)

bps

Tier 1 Leverage Ratio

10.01%

9.70%

9.37%

9.59%

9.65%

6

bps

Tier 1 Common Ratio (Non-GAAP)

12.04%

11.74%

11.39%

11.08%

10.95%

(13)

bps

Total Risk Based Capital Ratio

14.54%

14.19%

13.80%

13.45%

13.28%

(17)

bps

Net Charge-Offs to Average Loans

(2)

0.12%

0.07%

0.06%

0.06%

0.02%

(4)

bps

Nonperforming Assets to Total Assets

(2)

0.65%

0.69%

0.68%

0.69%

0.66%

(3)

bps

(1)

Fully taxable equivalent basis.

(2)

Excluding FDIC Covered Assets and Acquired Assets.

%/Basis Point

Change

For Quarter Ended:

Financial Overview

Performance Metrics –

Quarterly Trends

•

Average earning

assets up $89

million (+1%)

•

T/E net interest

income up $1

million (+1%)

•

Provision for loan

losses of $2 million:

•

Net charge-offs:

$0.3 million (0.02%

annualized rate)

•

Covered and

acquired loan loss

provision reversal:

$0.9 million

•

Legacy provision

for loan losses:

$2.9 million

11

Financial Overview

Expected Amortization

3.50%

4.50%

5.50%

6.50%

7.50%

8.50%

9.50%

$0

$200

$400

$600

$800

$1,000

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Q1 2014

Q2 2014

Q3 2014

Q4 2014

Q1 2015

Projected Average Loan Balances and Net Yields

Projected Average Balance

Projected Net Yield

12

Asset Quality

Non-Performing Assets Trends

$ in thousands

13

Asset Quality

Legacy Portfolio

Asset Quality Summary

(Excludes FDIC covered assets and all acquired loans)

•

NPAs equated to 0.66%

of total assets, down 3

bps compared to 2Q13

•

$78 million in classified

assets (-20% from

2Q13)

•

$55 million special

mention loans (-29%

from 2Q13)

•

Net charge-offs of $0.3

million, or an annualized

rate of 0.02% of

average loans

•

$2.9 million provision for

legacy franchise in

3Q13

     ($ thousands)

9/30/2012

6/30/2013

9/30/2013

Nonaccrual Loans

45,094

$   

49,069

$   

43,838

$   

-3%

-11%

OREO

18,467

25,893

30,607

66%

18%

Accruing Loans 90 Days+ Past Due

2,883

1,071

1,418

-51%

32%

Nonperforming Assets

66,444

76,033

75,863

14%

0%

Past Due Loans

58,487

65,316

57,662

-1%

-12%

Classified Loans

144,090

97,818

78,059

-46%

-20%

Nonperforming Assets/Assets

0.65%

0.69%

0.66%

1

bps

(3)

bps

NPAs/(Loans + OREO)

1.04%

1.02%

0.98%

(6)

bps

(4)

bps

Classified Assets/Assets

1.32%

0.85%

0.66%

(66)

bps

(19)

bps

(Past Dues & Nonaccruals)/Loans

0.92%

0.88%

0.75%

(17)

bps

(13)

bps

Provision For Loan Losses

226

$         

4,949

$     

2,868

$     

1169%

-42%

Net Charge-Offs/(Recoveries)

1,923

1,029

303

-84%

-71%

Provision Less Net Charge-Offs

(1,697)

$    

3,920

$     

2,565

$     

251%

-35%

Net Charge-Offs/Average Loans

0.12%

0.06%

0.02%

(11)

bps

(4)

bps

Allowance For Loan Losses/Loans

1.21%

0.83%

0.83%

(38)

bps

0

bps

Allowance For Credit Losses/Loans

1.21%

0.97%

0.99%

(22)

bps

2

bps

For Quarter Ended:

% or Basis Point Change

Year/Year

Qtr/Qtr

14

Asset Quality

Total Portfolio Trends

     ($ thousands)

Nonaccruals

567,006

$       

409,775

$        

341,691

$   

-40%

-17%

OREO & Foreclosed

129,173

129,607

128,987

0%

0%

90+ Days Past Due

5,538

4,126

10,844

96%

163%

  Nonperforming Assets

701,717

$       

543,508

$        

481,522

$   

-31%

-11%

NPAs/Assets

5.60%

4.24%

3.66%

(194)

bps

(58)

bps

NPAs/(Loans + OREO)

8.39%

6.02%

5.25%

(314)

bps

(77)

bps

LLR/Loans

2.45%

1.83%

1.64%

(81)

bps

(19)

bps

ACL/Loans

2.45%

1.95%

1.77%

(68)

bps

(18)

bps

Net Charge-Offs/Loans

0.10%

0.05%

0.01%

(9)

bps

(4)

bps

Past Dues:

30-89 Days Past Due

59,063

$        

35,204

$         

26,445

$     

-55%

-25%

90+ days Past Due

5,538

4,126

10,844

96%

163%

Nonaccual Loans

567,006

409,775

341,691

-40%

-17%

Total 30+ Past Dues

631,607

$       

449,105

$        

378,979

$   

-40%

-16%

% Loans

7.67%

5.04%

4.19%

(348)

bps

(85)

bps

Total Portfolio

3Q12

2Q13

3Q13

% or Basis Point Change

Year/Year

Qtr/Qtr

15

Markets

Loan Growth

Legacy Loan Growth

$ in millions

3

rd

Quarter 2013:

•

$295 million, or

+4% (+16%

annualized)

Since YE 2011:

•

$2.4 billion, or

+44% (+25%

annualized)

Since YE 2009:

•

$3.6 billion, or

+88% (+23%

annualized)

•

The FDIC

covered loan

portfolio declined

52%, or $863

million (14%

annualized rate)

16

Markets

Quarterly Legacy Loan Growth

•

First quarter of each year tends

to exhibit slower loan growth

than other quarters

17

Markets

Loan Originations 3Q13 –Top Markets

•

$1.2 billion in total

funded loans and

unfunded loan

commitments

originated in 3Q13

•

Significant growth in

Houston and New

Orleans.  Strong

growth across the

franchise

•

Continued growth in

other markets in which

we have invested

heavily

Loan commitments and originations include renewals

18

Excludes acquired deposits

Markets

Deposit Growth

$ in millions

Organic Deposit Growth

3

rd

Quarter 2013:

•

Increase of $309

million, or +3% in

3Q13 (+12%

Annualized)

•

$474 million (+23%)

growth in NIB deposits

for 3Q13 (impacted by

transition of NOW

accounts to NIB)

•

$104 million (-5%)

decline in time

deposits in 3Q13

Total Deposit Growth

Very strong

transaction account

growth in 4Q12

•

Core deposit growth

of $413 million, or

+5% (+19%

annualized)

19

Markets

Noninterest Bearing Deposit Accounts

•

Strong account growth in

high-focus markets

•

3Q13 includes accounts

transitioned from NOW

accounts to Noninterest

Bearing

20

Markets

Noninterest Bearing Deposits

% of Total Deposits

•

Since

2010,

total

noninterest

bearing

deposits

increased

$1.7

billion

or

+188%

(+68%

annualized rate)

•

$228

million

of

incremental

noninterest

bearing

deposit

growth

or

+12%

(+48%

annualized)

•

Additional

$246

million

of

NOW

accounts

transitioned

to

noninterest

bearing

this

quarter

•

Top

3Q13

noninterest

bearing

deposit

growth

markets

include

Naples,

Lafayette,

New

Orleans,

Houston

and

Lake

Charles

Noninterest bearing deposits at period-end

$ in billions

21

Markets

3Q13 Highlights

•

Loan pricing and structure remain competitive for target commercial and

business banking clients

•

Houston, New Orleans, Acadiana, Birmingham and Baton Rouge showed

strong commercial loan originations

•

Loans and commitments originated during 3Q13 of $1.2 billion with 57% fixed

rate and 43% floating rate

•

Commercial loans originated and funded in 3Q13 totaled $466 million with a

mix of 41% fixed and 60% floating ($731 in commercial loan commitments

during the quarter)

•

Strong commercial pipeline of $765 million at quarter-end

•

Small business loan originations, including lines of credit, grew $72 million or

10% in 3Q13 (39% annualized)

•

Period-end core deposit growth of $413 million, with non-interest bearing

deposits up $474 million ($329 million linked quarter growth on an average

balance basis), of which 48% was the result of a transition of interest bearing

NOW accounts into noninterest bearing deposits

22

Retail and Small Business

3Q13 Progress

•

Completed closure and consolidation of 10 branches in the third quarter of 2013, as

planned, bringing total closures to 25 branches and one drive through facility over the

past 12 months

•

Balanced loan growth with Small Business, Consumer and Mortgage accounting for 60%

of total bank-wide loan growth:

•

Small Business of $34 million

•

Indirect of $18 million

•

Direct Consumer and Mortgage of $84 million

•

Strong checking account growth:

•

Small Business account growth increased 14% year-over-year

•

Consumer accounts increased 20% year-over-year

•

Continued emphasis on branch efficiency, productivity and enhanced digital delivery,

with Retail staffing mid-October down 5.5% from end of the second quarter, with staff

costs down 5.8%

•

Launched mobile deposit capture and iPad application during the quarter

23

Wealth And Capital Markets

3Q13 Progress

•

ICP/IWA revenues

of $3.2 million (up

6% compared to

2Q13 and up 67%

from 3Q12)

•

ICP currently

provides research

coverage on 77

public energy

companies

•

IWA assets under

management

increased 1%, to

$1.1 billion at

September 30, 2013

Total Quarterly Revenues For:

•

IBERIA Capital Partners

•

IBERIA Wealth Advisors

Appendix

24

25

Appendix

Expected Quarterly Re-pricing Schedule

•

$1.6 Billion in time deposits re-price over next 12 months at 0.63% weighted average rate

•

During 3Q13, new and re-priced time deposits were booked at an average cost of 0.31%

•

In 3Q13, retention rate of time deposits was 87% with average reduction in rate of 34 basis points

$ in millions

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

Excludes FDIC loans and receivable, non-accrual loans and market value adjustments

4Q13

1Q14

2Q14

3Q14

4Q14

Cash Equivalents

Balance

336.9

$      

-

$         

-

$         

-

$         

-

$         

Rate

1.17%

0.00%

0.00%

0.00%

0.00%

Investments

Balance

77.7

$       

76.4

$       

79.6

$       

81.8

$       

57.3

$       

Rate

2.74%

2.48%

2.81%

3.02%

3.03%

Fixed Rate Loans

Balance

262.5

$      

235.9

$      

233.3

$      

213.8

$      

198.5

$      

Rate

5.03%

4.99%

4.92%

4.92%

4.86%

Variable Rate Loans

Balance

3,656.6

$   

21.9

$       

12.7

$       

9.8

$         

7.4

$         

Rate

3.32%

2.85%

3.48%

3.96%

3.10%

Held for Sale Loans

Balance

108.3

$      

-

$         

-

$         

-

$         

-

$         

Rate

4.84%

0.00%

0.00%

0.00%

0.00%

Time Deposits

Balance

690.4

$      

418.8

$      

324.2

$      

201.0

$      

70.1

$       

Rate

0.57%

0.78%

0.61%

0.57%

0.72%

Repos

Balance

258.8

$      

-

$         

-

$         

-

$         

-

$         

Rate

0.14%

0.00%

0.00%

0.00%

0.00%

Borrowed Funds

Balance

120.8

$      

0.6

$         

5.6

$         

13.0

$       

0.4

$         

Rate

3.19%

3.37%

4.15%

4.04%

3.64%

26

Appendix

Interest Rate Risk Simulation

Source: Bancware model, as of September 30, 2013

* 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 slightly positive impact over 12 months

Base

Blue

Forward

Change In:

-200 bp*

-100 bp*

Case

+100 bp*

+200 bp*

Chip

Curve

Net Interest

Income

-3.8%

-1.6%

0.0%

3.5%

7.3%

0.4%

0.9%

Economic

Value of

Equity

-15.9%

-12.0%

0.0%

3.7%

6.4%

0.0%

0.0%

27

Appendix

Expected Amortization Comparison

$(30.00)

$(25.00)

$(20.00)

$(15.00)

$(10.00)

$(5.00)

$-

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Q1 2014

Q2 2014

Q3 2014

Q4 2014

Q1 2015

Indemnification Asset Expected Amortization ($ in Millions)

Current Method

Legacy Method

28

Appendix

FDIC Covered Loan Portfolio Roll Forward

Average

Income /

Expense

Average Yield

Average

Income /

Expense

Average Yield

Average

Income /

Expense

Average Yield

Average

Income /

Expense

Average Yield

Covered Loans

1,112,153

49,550

17.528%

1,039,469

41,607

16.047%

954,555

30,324

12.619%

871,768

30,858

13.896%

Mortgage Loans

155,989

5,318

13.636%

180,902

4,398

9.724%

170,420

4,135

9.706%

163,485

2,718

6.650%

Indirect Automobile

(0)

-

0.000%

(0)

-

0.000%

-

-

0.000%

-

-

0.000%

Credit Card

860

14

6.664%

824

13

6.565%

789

14

7.147%

728

13

6.971%

Consumer

148,001

5,308

14.267%

130,960

3,509

10.867%

126,164

2,594

8.248%

104,668

3,029

11.481%

Line

Of

Credit-Consumer

Loans

69,910

3,661

20.831%

41,802

3,200

31.044%

40,543

2,967

29.355%

50,939

(190)

-1.476%

Commercial

&

Business

Banking

737,394

35,250

18.706%

684,981

30,487

17.803%

616,642

20,613

13.224%

551,950

25,288

17.928%

Loans in Process

(1)

-

0.000%

(1)

-

0.000%

(3)

-

0.000%

(2)

-

0.000%

Overdrafts

0

-

0.000%

0

-

0.000%

0

-

0.000%

-

-

0.000%

FDIC Loss Share Receivable

411,328

(28,201)

-26.828%

384,319

(27,702)

-28.832%

268,700

(18,130)

-26.692%

228,047

(22,875)

-39.252%

Net Covered Loan Portfolio

1,523,481

21,349

7.678%

1,423,788

13,905

5.351%

1,223,255

12,194

5.110%

1,099,815

7,983

3.663%

Average

Income /

Expense

Average Yield

Average

Income /

Expense

Average Yield

Average

Income /

Expense

Average Yield

Average

Income /

Expense

Average Yield

Covered Loans

1,112,153

49,550

17.528%

1,039,469

41,607

16.047%

954,555

30,324

12.619%

871,768

31,931

13.896%

CapitalSouth Bank

150,872

6,737

17.537%

138,793

4,109

11.855%

131,981

3,610

10.852%

123,412

2,840

10.332%

Orion Bank

641,252

29,720

18.235%

597,706

25,287

16.960%

548,977

17,685

12.789%

504,934

20,929

13.924%

Century Bank

232,967

7,137

12.108%

219,726

6,401

11.703%

199,836

4,943

9.869%

175,247

5,790

15.184%

Sterling Bank

87,063

5,956

26.806%

83,245

5,810

27.941%

73,762

4,087

21.956%

68,174

2,372

16.831%

FDIC Loss Share Receivable

411,328

(28,201)

-26.828%

384,319

(27,702)

-28.832%

268,700

(18,130)

-26.692%

228,047

(22,875)

-39.252%

CapitalSouth Bank

35,811

(3,431)

-37.492%

29,301

(2,388)

-32.596%

18,955

(2,347)

-48.987%

14,720

(2,538)

-67.473%

Orion Bank

251,749

(17,944)

-27.892%

235,594

(17,330)

-29.423%

164,219

(10,492)

-25.277%

141,213

(12,702)

-35.199%

Century Bank

92,076

(3,200)

-13.601%

90,384

(4,100)

-18.146%

65,145

(3,105)

-18.857%

55,021

(5,304)

-37.719%

Sterling Bank

31,691

(3,625)

-44.761%

29,040

(3,884)

-53.502%

20,382

(2,185)

-42.404%

17,093

(2,331)

-53.365%

Net Covered Loan Portfolio

1,112,153

21,349

7.678%

1,039,469

13,905

5.351%

954,555

12,194

5.110%

871,768

9,056

3.663%

CapitalSouth Bank

150,872

3,305

8.764%

138,793

1,721

4.961%

131,981

1,262

3.826%

123,412

301

2.301%

Orion Bank

641,252

11,776

7.345%

597,706

7,958

5.326%

548,977

7,192

5.240%

504,934

8,227

4.145%

Century Bank

232,967

3,937

6.760%

219,726

2,301

4.188%

199,836

1,837

3.678%

175,247

486

3.304%

Sterling Bank

87,063

2,331

10.709%

83,245

1,925

9.252%

73,762

1,903

10.317%

68,174

41

3.480%

4Q2012

1Q2013

2Q2013

4Q2012

1Q2013

2Q2013

3Q2013

3Q2013