Exhibit

LAFAYETTE, LOUISIANA -- IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 129-year-old IBERIABANK (www.iberiabank.com), reported operating results for the first quarter ended March 31, 2016. For the quarter, the Company reported income available to common shareholders of $40.2 million, or $0.97 fully diluted earnings per common share (“EPS”). In the first quarter of 2016, the Company incurred non-operating expenses net of non-operating revenue and income taxes equal to $1.6 million, or $0.04 per common share. Excluding non-operating items, operating EPS in the first quarter of 2016 was $1.01 per common share on a non-GAAP operating basis (refer to press release supplemental table). The $1.01 operating EPS results in the first quarter of 2016 were within management's guidance range and exceeded consensus analyst expectations.

Daryl G. Byrd, President and Chief Executive Officer, commented, “We are pleased at the progress we achieved this past quarter in improving our operating efficiency and profitability. We delivered unseasonably strong legacy loan growth and continued margin strength in the first quarter, both of which are favorable trends which we believe run counter to our peers. In addition, some of our fee income businesses, including mortgage, client derivatives, and treasury management, delivered strong revenue growth and our successful cost containment efforts were evident as our tangible operating efficiency ratio improved to 60.3%, placing us on the very cusp of our strategic efficiency goal of 60%."

Byrd continued, "These favorable financial results were achieved despite the headwinds associated with our continued pro-active 'risk-off trade' and vigilance in mitigating risks that sustained low energy prices are having on selected clients.We increased our energy-related loan loss reserves by 48% on a linked quarter basis, while our operating EPS on a pre-tax pre-provision basis reached $2.00 per share in the first quarter of 2016, a record for our Company, and an increase of 30% compared to the first quarter of 2015. We remain comfortable with the full year 2016 guidance we previously provided to the investment community regarding our growth expectations, continued margin strength, expense targets, and delivering solid operating earnings. We are keenly focused on delivering exceptional client service and continued progress in improved long-term shareholder returns."



Table A - Summary Financial Results
(Dollars in thousands, except per share data)

	For the Three Months Ended
	3/31/2016			12/31/2015			% Change		3/31/2015			% Change
Net income available to common shareholders	$	40,193		$	44,407		(9.5	)	$	25,126		60.0
Earnings per common share - diluted	0.97			1.08			(10.2	)	0.75			29.3

Average gross loans and leases	$	14,354,410		$	14,185,150		1.2		$	11,563,946		24.1
Average total deposits	15,945,069			16,292,755			(2.1	)	12,761,808			24.9
Net interest margin (TE)⁽¹⁾	3.64		%	3.64		%			3.54		%

OPERATING BASIS (NON-GAAP) ⁽²⁾:
Total revenues	$	217,052		$	213,506		1.7		$	174,314		24.5
Total non-interest expense	134,860			134,111			0.6		122,787			9.8
Earnings per common share - diluted	1.01			1.11			(9.0	)	0.95			6.3
Tangible efficiency ratio (TE) ^{(1) (4)}	60.3		%	61.1		%			68.5		%
Return on average assets	0.85			0.92					0.81
Return on average tangible common equity	10.26			11.20					9.92
Net interest margin (TE) - cash basis⁽¹⁾ ⁽³⁾	3.48			3.38					3.28

⁽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⁾ See Table 9 and Table 10 for GAAP to Non-GAAP reconciliations.
⁽³⁾ See Table 8 for adjustments related to purchase discounts on acquired loans and related accretion and the impact of the FDIC indemnification asset.
⁽⁴⁾ Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

In the first quarter of 2016, the Company originated $516 million in residential mortgage loans, down $42 million, or 8%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 23% of mortgage loan applications in the first quarter of 2016, which was stable on a linked quarter basis. The Company sold $488 million in mortgage loans during the first quarter of 2016, down $109 million, or 18%, on a linked quarter basis. Loans held for sale increased from $166 million at December 31, 2015, to $193 million at March 31, 2016. The mortgage origination locked pipeline increased $118 million, or 52%, between December 31, 2015, and March 31, 2016, to $345 million at quarter-end, and up $66 million, or 24%, over the comparable period last year. At April 22, 2016, the locked pipeline was $382 million, up $37 million, or 11%, compared to March 31, 2016. The improvement mortgage income on a linked quarter basis was primarily the result of higher volumes of the mortgage origination locked pipeline and mortgage loans held for sale, and an improvement in the gain on sale margin.



Table B - Summary Financial Condition Results
(Dollars in thousands, except per share data)

		As of and For the Three Months Ended
		3/31/2016			12/31/2015			% Change		3/31/2015			% Change
PERIOD-END BALANCES:
	Total loans and leases	$	14,451,244		$	14,327,428		0.9		$	12,873,461		12.3
	Legacy loans and leases	11,528,697			11,190,520			3.0		9,894,869			16.5
	Total deposits	16,260,566			16,178,748			0.5		14,665,024			10.9

ASSET QUALITY RATIOS (LEGACY):
	Past due loans to total loans ⁽¹⁾	1.18		%	0.64		%			0.79		%
	Non-performing assets to total assets ⁽²⁾	0.65			0.42					0.55
	Classified assets to total assets ⁽³⁾	2.21			1.02					0.61

CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) ^{(4) (5)}	8.83		%	8.86		%			8.62		%
	Tier 1 leverage ratio	9.41			9.52					8.87
	Total risk-based capital ratio	12.21			12.14					11.62

PER COMMON SHARE DATA:
	Book value	$	59.93		$	58.87		1.8		$	56.77		5.6
	Tangible book value ⁽⁴⁾	41.38			40.35			2.6		39.26			5.4
	Closing stock price	51.27			55.07			(6.9	)	63.03			(18.7	)
	Cash dividends	0.34			0.34			—		0.34			—

⁽¹⁾	Past due loans include non-accruing loans.
⁽²⁾	Non-performing assets consist of non-accruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.
⁽³⁾	Classified assets consist of $378 million, $166 million and $91 million at March 31, 2016, December 31, 2015 and March 31, 2015, respectively.
⁽⁴⁾	See Table 10 for the GAAP to Non-GAAP reconciliation.
⁽⁵⁾	Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

Total loans increased $124 million, or 1%, between December 31, 2015, and March 31, 2016. Over that period, the acquired loan portfolio decreased $214 million, or 7%, and legacy loans increased $338 million, or 3% (12% annualized rate), including an increase in total energy loans of $51 million, or 7%, and a decline in indirect automobile loans of $33 million, or 13%. During the first quarter of 2016, legacy commercial loans increased $294 million, or 4% (which included $52 million in small business loan growth, up 5%, or 19% annualized rate), legacy consumer loans increased $8 million, or less than 1%, and legacy mortgage loans increased $37 million, or 5% (21% annualized rate). Excluding the impact of energy fundings, period-end loan growth during the first quarter of 2016 was strongest in the Southeast Florida, Naples, Birmingham, Tampa, and Dallas markets. Funded loan origination and renewal mix in the first quarter of 2016 was 34% fixed rate and 66% floating rate, and total loans outstanding (excluding non-



Table C - Period-End Loans
(Dollars in thousands, except per share data)

	As of and For the Three Months Ended
							Linked Qtr Change						Year/Year Change				Mix
	3/31/2016		12/31/2015		3/31/2015		$		%		Annualized		$		%		3/31/2016		12/31/2015
Legacy loans:
Commercial	$	8,427,154	$	8,133,341	$	7,157,090	293,813		3.6		14.4	%	1,270,064		17.7		73.1	%	72.7	%
Residential mortgage	730,621		694,023		553,815		36,598		5.3		21.1	%	176,806		31.9		6.3	%	6.2	%
Consumer	2,370,922		2,363,156		2,183,964		7,766		0.3		1.3	%	186,958		8.6		20.6	%	21.1	%
Total legacy loans	11,528,697		11,190,520		9,894,869		338,177		3.0		12.1	%	1,633,828		16.5		100	%	100	%

Acquired loans:
Balance at beginning of period	3,136,908		3,337,761		1,772,330		(200,853	)	(6.0	)			1,364,578		77.0
Loans acquired during the period	—		—		1,370,482		—		—				(1,370,482	)	(100.0	)
Net paydown activity	(214,361)		(200,853)		(164,220)		(13,508)		6.7				(50,141)		30.5
Total acquired loans	2,922,547		3,136,908		2,978,592		(214,361)		(6.8	)			(56,045)		(1.9	)
Total loans	$	14,451,244	$	14,327,428	$	12,873,461	123,816		0.9				1,577,783		12.3

Energy loans outstanding totaled $732 million at March 31, 2016, up $51 million, or 7%, compared to December 31, 2015, and equated to approximately 5.1% of total loans. The increase in energy loans was the result of select exploration and production companies drawing on commitment lines (up $56 million) and normal draws on existing working capital lines at select midstream companies (up $14 million), partially offset by a decrease in oil field service loans outstanding (down $19 million.) Energy-related commitments totaled $1.2 billion at March 31, 2016, down $78 million, or 6%, compared to year-end 2015. Loans to exploration and production companies accounted for 51% of energy loans outstanding and 56% of energy loan commitments at March 31, 2016. Midstream companies accounted for 18% of energy loans and 17% of energy loan commitments, and service companies accounted for 31% of energy loans and 27% of energy loan commitments. At March 31, 2016, $46 million in energy loans were on non-accrual status (compared to $8 million at December 31, 2015), and no energy loans were past due greater than 30 days at quarter-end. At March 31, 2016, approximately 39% of energy loans were classified, and 49% were criticized. To date, the Company has experienced no energy-related charge-offs. Additional information regarding the Company’s energy loan and commitment exposure is provided in the supplemental investor presentation.



Table D - Period-End Deposits
(Dollars in thousands)
							Linked Qtr Change					Year/Year Change ⁽¹⁾				Mix
	3/31/2016		12/31/2015		3/31/2015		$		%	Annualized		$		%		3/31/2016		12/31/2015
Non-interest-bearing	$	4,484,024	$	4,352,229	$	3,860,820	131,795		3.0	12.1	%	623,204		16.1		27.6	%	26.9	%
NOW accounts	2,960,562		2,974,176		2,729,791		(13,614	)	(0.5)	(1.8)%		230,771		8.5		18.2	%	18.4	%
Money market accounts	5,964,029		6,010,882		5,067,462		(46,853	)	(0.8)	(3.1)%		896,567		17.7		36.7	%	37.2	%
Savings accounts	772,117		716,838		728,981		55,279		7.7	30.8	%	43,136		5.9		4.7	%	4.4	%
Time deposits	2,079,834		2,124,623		2,277,970		(44,789	)	(2.1)	(8.4)%		(198,136	)	(8.7	)	12.8	%	13.1	%
Total deposits	$	16,260,566	$	16,178,748	$	14,665,024	81,818		0.5	2.0	%	1,595,542		10.9		100	%	100	%

(1) Growth includes the impact of acquisitions.

On an average balance and linked quarter basis, the investment portfolio decreased $34 million, or 1%, to $2.9 billion in the first quarter of 2016. On a period-end basis, the investment portfolio equated to $2.9 billion, or 14% of total assets at March 31, 2016, compared to 15% at December 31, 2015. The investment portfolio had an effective duration of 2.8 years at March 31, 2016, compared to 3.3 years at December 31, 2015. The investment portfolio had a $39 million unrealized gain at March 31, 2016. The average yield on investment securities increased four basis points on a linked quarter basis, to 2.25% in the first quarter of 2016. The Company holds in its investment portfolio primarily government agency securities. Municipal securities comprised only 8% of total investments at March 31, 2016. The Company holds for investment no sovereign debt, equity securities, trust preferred securities, or derivative exposure to foreign counterparties.

At March 31, 2016, the Company reported a tangible common equity ratio of 8.83%, down three basis points compared to December 31, 2015, and the preliminary Tier 1 leverage ratio was 9.41%, down 11 basis points compared to December 31, 2015. The Company’s preliminary calculation of its total risk-based capital ratio at March 31, 2016, was 12.21%, up seven basis points compared to December 31, 2015. During the first quarter of 2016, the remaining 25% of trust preferred securities included in the Company's Tier 1 capital ratio at year-end 2015 was phased into Tier 2 capital. As a result, the negative impact on Tier 1 capital ratios was approximately 18 basis points. No impact on the Company's total risk-based capital ratio was associated with this change.

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 Thursday, April 28, 2016, beginning at 8:30 a.m. Central Time by dialing 1-888-317-6003. The confirmation code for the call is 5200632. A replay of the call will be available until midnight Central Time on May 5, 2016 by dialing 1-877-344-7529. The confirmation code for the replay is 10083371. 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 "Financial Information" and “Presentations.”

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 in management’s opinion can distort period-to-period comparisons of the Company’s performance. 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.

This press release contains "forward-looking statements," which may include forecasts of our financial results and condition, expectations for our operations and businesses, and our assumptions for those forecasts and expectations. Do not place undue reliance on forward-looking statements. Due to various factors, actual results may differ materially from our forward-looking statements. Factors that could cause our actual results to differ materially from our forward-looking statements are described under “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Risk Factors” and “Regulation and Supervision” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC’s website, http://www.sec.gov, and the Company’s website, http://www.iberiabank.com. To the extent that statements in this press release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as “may,”

Forward-looking statements represent management’s beliefs, based upon information available at the time the statements are made, with regard to the matters addressed; they are not guarantees of future performance. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Factors that could cause or contribute to such differences include, but are not limited to: the level of market volatility, our ability to execute our growth strategy, including the availability of future bank acquisition opportunities, our ability to execute on our revenue and efficiency improvement initiatives, unanticipated losses related to the completion and integration of mergers and acquisitions, 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, resolution of assets subject to loss share agreements with the FDIC within the coverage periods, effects of the on-going correction in residential real estate prices and levels of home sales, our ability to satisfy new capital and liquidity standards such as those imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act and those adopted by the Basel Committee on Banking Supervision 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, competition from competitors with greater financial resources than the Company, reputational risk and social factors, changes in government regulations and legislation, increases in FDIC insurance assessments, geographic concentration of our markets, economic and business conditions in our markets or nationally, including the impact of volatility of oil and gas prices, rapid changes in the financial services industry, significant litigation, cyber-security risks including dependence on our operational, technological, and organizational systems and infrastructure and those of third party providers of those services, hurricanes and other adverse weather events, and valuation of intangible assets. All information in this discussion is as of the date of this press release. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to revise or update publicly any forward-looking statement for any reason.



Table 1 - IBERIABANK CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)

		As of and For the Three Months Ended
INCOME DATA:		3/31/2016			12/31/2015			% Change		3/31/2015			% Change
	Net interest income	$	161,403		$	161,160		0.2		$	125,804		28.3
	Net interest income (TE) ⁽¹⁾	163,764			163,544			0.1		127,844			28.1
	Total revenues	217,248			213,663			1.7		174,703			24.4
	Provision for loan losses	14,905			11,711			27.3		5,345			178.9
	Non-interest expense	137,452			138,975			(1.1	)	133,153			3.2
	Net income available to common shareholders	40,193			44,407			(9.5	)	25,126			60.0

PER COMMON SHARE DATA:
	Earnings available to common shareholders - basic	$	0.98		$	1.08		(9.3	)	$	0.75		30.7
	Earnings available to common shareholders - diluted	0.97			1.08			(10.2	)	0.75			29.3
	Operating earnings (Non-GAAP) ⁽²⁾	1.01			1.11			(9.0	)	0.95			6.3
	Book value	59.93			58.87			1.8		56.77			5.6
	Tangible book value⁽³⁾	41.38			40.35			2.6		39.26			5.4
	Closing stock price	51.27			55.07			(6.9	)	63.03			(18.7	)
	Cash dividends	0.34			0.34			—		0.34			—

KEY RATIOS AND OTHER DATA ⁽⁶⁾:
	Net interest margin (TE) ⁽¹⁾	3.64		%	3.64		%			3.54		%
	Efficiency ratio	63.3			65.0					76.2
	Tangible operating efficiency ratio (TE) (Non-GAAP) ^{(1) (2) (3)}	60.3			61.1					68.5
	Return on average assets	0.82			0.90					0.64
	Return on average common equity	6.59			7.30					5.39
	Return on average operating tangible common equity (Non-GAAP) ⁽²⁾⁽³⁾	10.26			11.20					9.92
	Effective tax rate	34.1			29.5					30.6
	Full-time equivalent employees	3,112			3,151					2,883

CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP)^{(2) (3)}	8.83		%	8.86		%			8.62		%
	Tangible common equity to risk-weighted assets ⁽³⁾	10.14			9.89					9.92
	Tier 1 leverage ratio ⁽⁴⁾	9.41			9.52					8.87
	Common equity Tier 1 (CET 1) (transitional) ⁽⁴⁾	10.11			10.07					9.79
	Common equity Tier 1 (CET 1) (fully phased-in) ⁽⁴⁾	10.02			9.94					9.66
	Tier 1 capital (transitional) ⁽⁴⁾	10.56			10.70					9.99
	Total risk-based capital ratio⁽⁴⁾	12.21			12.14					11.62
	Common stock dividend payout ratio	34.9			31.5					51.7



	Classified assets to Tier 1 capital	28.4		17.7		17.6

ASSET QUALITY RATIOS (LEGACY):
	Non-performing assets to total assets ⁽⁵⁾	0.65	%	0.42	%	0.55	%
	Allowance for loan losses to loans	0.92		0.84		0.80
	Net charge-offs to average loans (annualized)	0.15		0.09		0.06
	Non-performing assets to total loans and OREO ⁽⁵⁾	0.96		0.61		0.83

(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)	See Table 9 and Table 10 for the GAAP to Non-GAAP reconciliations.
(3)	Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.
(4)	Capital ratios as of March 31, 2016 are estimated.
(5)	Non-performing assets consist of non-accruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.
(6)	All ratios are calculated on an annualized basis for the periods indicated.



Table 2 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Dollars in thousands, except per share data)

	For the Three Months Ended
					Linked Qtr Change										Year/Year Change
	3/31/2016		12/31/2015		$		%		9/30/2015		6/30/2015		3/31/2015		$		%
Interest income	$	176,936	$	176,651	285		0.2		$	171,077	$	160,545	$	138,585	38,351		27.7
Interest expense	15,533		15,491		42		0.3		15,960		14,868		12,781		2,752		21.5
Net interest income	161,403		161,160		243		0.2		155,117		145,677		125,804		35,599		28.3
Provision for loan losses	14,905		11,711		3,194		27.3		5,062		8,790		5,345		9,560		178.9
Net interest income after provision for loan losses	146,498		149,449		(2,951	)	(2.0	)	150,055		136,887		120,459		26,039		21.6
Mortgage income	20,347		17,123		3,224		18.8		20,730		25,246		18,023		2,324		12.9
Service charges on deposit accounts	10,951		11,431		(480	)	(4.2	)	11,342		10,162		9,262		1,689		18.2
Title revenue	4,745		5,435		(690	)	(12.7	)	6,627		6,146		4,629		116		2.5
Broker commissions	3,823		4,130		(307	)	(7.4	)	3,839		5,461		4,162		(339	)	(8.1	)
ATM/debit card fee income	3,503		3,569		(66	)	(1.8	)	3,562		3,583		3,275		228		7.0
Income from bank owned life insurance	1,202		1,096		106		9.7		1,093		1,075		1,092		110		10.1
Gain on sale of available-for-sale securities	196		6		190		3,166.7		280		903		386		(190	)	(49.2	)
Other non-interest income	11,078		9,713		1,365		14.1		10,005		8,937		8,070		3,008		37.3
Total non-interest income	55,845		52,503		3,342		6.4		57,478		61,513		48,899		6,946		14.2
Salaries and employee benefits	80,742		83,455		(2,713	)	(3.3	)	82,416		84,019		72,696		8,046		11.1
Occupancy and equipment	16,907		16,928		(21	)	(0.1	)	17,987		17,366		16,260		647		4.0
Amortization of acquisition intangibles	2,113		1,795		318		17.7		2,338		2,155		1,523		590		38.7
Other non-interest expense	37,690		36,797		893		2.4		42,227		49,669		42,674		(4,984	)	(11.7	)
Total non-interest expense	137,452		138,975		(1,523	)	(1.1	)	144,968		153,209		133,153		4,299		3.2
Income before income taxes	64,891		62,977		1,914		3.0		62,565		45,191		36,205		28,686		79.2
Income tax expense	22,122		18,570		3,552		19.1		20,090		14,355		11,079		11,043		99.7
Net income	42,769		44,407		(1,638	)	(3.7	)	42,475		30,836		25,126		17,643		70.2
Preferred stock dividends	2,576		—		2,576		—		—		—		—		2,576		—
Net income available to common shareholders	$	40,193	$	44,407	(4,214	)	(9.5	)	$	42,475	$	30,836	$	25,126	15,067		60.0

Income available to common shareholders - basic	$	40,193	$	44,407	(4,214	)	(9.5	)	$	42,475	$	30,836	$	25,126	15,067		60.0
Earnings allocated to unvested restricted stock	(460)		(505)		45		(8.9	)	(492)		(355)		(344)		(116	)	33.7
Income allocated to common shareholders	$	39,733	$	43,902	(4,169	)	(9.5	)	$	41,983	$	30,481	$	24,782	14,951		60.3

Earnings per common share - basic	$	0.98	$	1.08	(0.10	)	(9.3	)	$	1.04	$	0.79	$	0.75	0.23		30.7

Earnings per common share - diluted	0.97		1.08		(0.11	)	(10.2	)	1.03		0.79		0.75		0.22		29.3



Impact of non-operating items (Non-GAAP) ⁽¹⁾	0.04		0.03		0.01		33.3		0.04		0.26		0.20		(0.16	)	(80.0	)
Earnings per share - diluted, excluding non-operating items (Non-GAAP) ⁽¹⁾	$	1.01	$	1.11	(0.10	)	(9.0	)	$	1.07	$	1.05	$	0.95	0.06		6.3

NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	41,186		40,996		190		0.5		40,995		39,015		33,659		7,527		22.4
Weighted average common shares outstanding - diluted	40,765		40,597		168		0.4		40,614		38,667		33,235		7,530		22.7
Book value shares (period end)	41,232		41,140		92		0.2		41,129		41,117		38,178		3,054		8.0

⁽¹⁾ See Table 9 for GAAP to Non-GAAP reconciliation.



TABLE 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)

PERIOD-END BALANCES							Linked Qtr Change													Year/Year Change
ASSETS	3/31/2016			12/31/2015			$		%		9/30/2015			6/30/2015			3/31/2015			$		%
Cash and due from banks	$	300,207		$	241,650		58,557		24.2		$	370,657		$	300,257		$	268,241		31,966		11.9
Interest-bearing deposits in other banks	696,448			268,617			427,831		159.3		311,615			591,018			696,000			448		0.1
Total cash and cash equivalents	996,655			510,267			486,388		95.3		682,272			891,275			964,241			32,414		3.4
Investment securities available for sale	2,755,425			2,800,286			(44,861	)	(1.6	)	2,827,805			2,413,158			2,342,613			412,812		17.6
Investment securities held to maturity	96,117			98,928			(2,811	)	(2.8	)	98,330			101,475			113,442			(17,325	)	(15.3	)
Total investment securities	2,851,542			2,899,214			(47,672	)	(1.6	)	2,926,135			2,514,633			2,456,055			395,487		16.1
Mortgage loans held for sale	192,545			166,247			26,298		15.8		202,168			220,765			215,044			(22,499	)	(10.5	)
Loans, net of unearned income	14,451,244			14,327,428			123,816		0.9		14,117,019			13,950,563			12,873,461			1,577,783		12.3
Allowance for loan losses	(146,557		)	(138,378		)	(8,179	)	5.9		(130,254		)	(128,149		)	(128,313		)	(18,244	)	14.2
Loans, net	14,304,687			14,189,050			115,637		0.8		13,986,765			13,822,414			12,745,148			1,559,539		12.2
Loss share receivable	33,564			39,878			(6,314	)	(15.8	)	43,443			50,452			60,972			(27,408	)	(45.0	)
Premises and equipment	314,615			323,902			(9,287	)	(2.9	)	333,273			342,949			337,201			(22,586	)	(6.7	)
Goodwill and other intangibles	768,235			765,655			2,580		0.3		766,589			765,813			672,337			95,898		14.3
Other assets	630,720			609,855			20,865		3.4		593,580			630,627			600,764			29,956		5.0
Total assets	$	20,092,563		$	19,504,068		588,495		3.0		$	19,534,225		$	19,238,928		$	18,051,762		2,040,801		11.3

LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	4,484,024		$	4,352,229		131,795		3.0		$	4,392,808		$	4,166,850		$	3,860,820		623,204		16.1
NOW accounts	2,960,562			2,974,176			(13,614	)	(0.5)		2,635,021			2,623,697			2,729,791			230,771		8.5
Savings and money market accounts	6,736,146			6,727,720			8,426		0.1		6,999,863			6,925,038			5,796,443			939,703		16.2
Certificates of deposit	2,079,834			2,124,623			(44,789	)	(2.1)		2,275,373			2,403,956			2,277,970			(198,136	)	(8.7)
Total deposits	16,260,566			16,178,748			81,818		0.5		16,303,065			16,119,541			14,665,024			1,595,542		10.9
Short-term borrowings	195,000			110,000			85,000		77.3		10,000			59,300			352,300			(157,300	)	(44.6)
Securities sold under agreements to repurchase	303,238			216,617			86,621		40.0		212,460			209,004			252,602			50,636		20.0
Trust preferred securities	120,110			120,110			—		—		120,110			120,110			111,862			8,248		7.4
Other long-term debt	478,814			220,337			258,477		117.3		221,863			222,202			349,027			129,787		37.2
Other liabilities	186,926			159,421			27,505		17.3		183,526			143,487			153,617			33,309		21.7
Total liabilities	17,544,654			17,005,233			539,421		3.2		17,051,024			16,873,644			15,884,432			1,660,222		10.5
Total shareholders' equity	2,547,909			2,498,835			49,074		2.0		2,483,201			2,365,284			2,167,330			380,579		17.6
Total liabilities and shareholders' equity	$	20,092,563		$	19,504,068		588,495		3.0		$	19,534,225		$	19,238,928		$	18,051,762		2,040,801		11.3



TABLE 3 Continued - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)

AVERAGE BALANCES					Linked Qtr Change									Year/Year Change
ASSETS	3/31/2016		12/31/2015		$		%	9/30/2015		6/30/2015		3/31/2015		$		%
Cash and due from banks	$	292,476	$	352,854	(60,378	)	(17.1)	$	327,370	$	263,844	$	243,566	48,910		20.1
Interest-bearing deposits in other banks	365,709		319,302		46,407		14.5	682,764		582,032		324,150		41,559		12.8
Total cash and cash equivalents	658,185		672,156		(13,971	)	(2.1)	1,010,134		845,876		567,716		90,469		15.9
Investment securities available for sale	2,797,320		2,829,825		(32,505	)	(1.1)	2,660,423		2,417,002		2,223,344		573,976		25.8
Investment securities held to maturity	97,391		100,113		(2,722	)	(2.7)	99,864		106,871		115,188		(17,797	)	(15.5)
Total investment securities	2,894,711		2,929,938		(35,227	)	(1.2)	2,760,287		2,523,873		2,338,532		556,179		23.8
Mortgage loans held for sale	160,873		169,616		(8,743	)	(5.2)	200,895		202,691		133,304		27,569		20.7
Loans, net of unearned income	14,354,410		14,185,150		169,260		1.2	14,009,601		13,297,724		11,563,946		2,790,464		24.1
Allowance for loan losses	(141,393)		(135,209)		(6,184	)	4.6	(130,367)		(129,069)		(128,519)		(12,874	)	10.0
Loans, net	14,213,017		14,049,941		163,076		1.2	13,879,234		13,168,655		11,435,427		2,777,590		24.3
Loss share receivable	37,360		41,205		(3,845	)	(9.3)	47,190		55,751		66,165		(28,805	)	(43.5)
Premises and equipment	322,086		329,604		(7,518	)	(2.3)	339,860		341,829		311,158		10,928		3.5
Goodwill and other intangibles	765,898		766,664		(766	)	(0.1)	766,712		708,085		555,565		210,333		37.9
Other assets	609,181		592,042		17,139		2.9	599,758		598,526		549,746		59,435		10.8
Total assets	$	19,661,311	$	19,551,166	110,145		0.6	$	19,604,070	$	18,445,286	$	15,957,613	3,703,698		23.2

LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	4,388,259	$	4,459,980	(71,721	)	(1.6)	$	4,265,912	$	3,933,468	$	3,312,357	1,075,902		32.5
NOW accounts	2,859,940		2,720,128		139,812		5.1	2,655,069		2,639,140		2,464,760		395,180		16.0
Savings and money market accounts	6,598,838		6,899,090		(300,252	)	(4.4)	7,104,789		6,228,052		4,834,244		1,764,594		36.5
Certificates of deposit	2,098,032		2,213,557		(115,525	)	(5.2)	2,343,794		2,331,537		2,150,447		(52,415	)	(2.4)
Total deposits	15,945,069		16,292,755		(347,686	)	(2.1)	16,369,564		15,132,197		12,761,808		3,183,261		24.9
Short-term borrowings	277,374		16,109		261,265		1,621.9	41,033		225,437		483,413		(206,039	)	(42.6)
Securities sold under agreements to repurchase	217,296		224,255		(6,959	)	(3.1)	221,217		236,305		263,645		(46,349	)	(17.6)
Trust preferred securities	120,110		120,110		—		—	120,110		114,581		111,862		8,248		7.4
Other long-term debt	403,393		220,913		182,480		82.6	222,906		332,167		311,633		91,760		29.4
Other liabilities	167,810		186,382		(18,572	)	(10.0)	206,030		172,473		135,477		32,333		23.9
Total liabilities	17,131,052		17,060,524		70,528		0.4	17,180,860		16,213,160		14,067,838		3,063,214		21.8
Total shareholders' equity	2,530,259		2,490,642		39,617		1.6	2,423,210		2,232,126		1,889,775		640,484		33.9
Total liabilities and shareholders' equity	$	19,661,311	$	19,551,166	110,145		0.6	$	19,604,070	$	18,445,286	$	15,957,613	3,703,698		23.2



Table 4 - IBERIABANK CORPORATION
TOTAL LOANS AND ASSET QUALITY DATA
(Dollars in thousands)

							Linked Qtr Change												Year/Year Change
LOANS	3/31/2016			12/31/2015			$		%	9/30/2015			6/30/2015			3/31/2015			$		%
Commercial loans:
Real estate	$	6,230,628		$	6,073,511		157,117		2.6	$	5,979,751		$	5,853,751		$	5,122,946		1,107,682		21.6
Commercial and Industrial	3,374,382			3,444,578			(70,196	)	(2.0)	3,302,971			3,216,906			2,967,306			407,076		13.7
Energy-related (Real Estate and Commercial and Industrial) ⁽¹⁾	731,662			680,766			50,896		7.5	719,456			787,568			819,411			(87,749	)	(10.7)
Total commercial loans	10,336,672			10,198,855			137,817		1.4	10,002,178			9,858,225			8,909,663			1,427,009		16.0

Residential mortgage loans	1,208,391			1,195,319			13,072		1.1	1,189,941			1,169,608			1,164,286			44,105		3.8

Consumer loans:
Home equity	2,091,514			2,066,167			25,347		1.2	2,015,687			1,971,073			1,858,088			233,426		12.6
Indirect automobile	213,179			246,298			(33,119	)	(13.4)	281,649			322,958			367,349			(154,170	)	(42.0)
Automobile	164,868			169,571			(4,703	)	(2.8)	172,947			173,924			160,518			4,350		2.7
Credit card	76,756			77,843			(1,087	)	(1.4)	77,284			74,314			72,711			4,045		5.6
Other	359,864			373,375			(13,511	)	(3.6)	377,333			380,461			340,846			19,018		5.6
Total consumer loans	2,906,181			2,933,254			(27,073	)	(0.9)	2,924,900			2,922,730			2,799,512			106,669		3.8
Total loans	$	14,451,244		$	14,327,428		123,816		0.9	$	14,117,019		$	13,950,563		$	12,873,461		1,577,783		12.3

Allowance for loan losses	$	(146,557	)	$	(138,378	)	(8,179	)	5.9	$	(130,254	)	$	(128,149	)	$	(128,313	)	(18,244	)	14.2
Loans, net	14,304,687			14,189,050			115,637		0.8	13,986,765			13,822,414			12,745,148			1,559,539		12.2

Reserve for unfunded commitments	(14,033)			(14,145)			112		(0.8)	(14,525)			(13,244)			(12,849)			(1,184	)	9.2
Allowance for credit losses	(160,590		)	(152,523		)	(8,067	)	5.3	(144,779		)	(141,393		)	(141,162		)	(19,428	)	13.8

ASSET QUALITY DATA ⁽²⁾
Non-accrual loans	$	182,757		$	154,425		28,332		18.3	$	165,022		$	192,385		$	195,371		(12,614	)	(6.5	)
Other real estate owned and foreclosed assets	31,411			34,131			(2,720	)	(8.0)	40,450			49,929			53,194			(21,783	)	(41.0	)
Accruing loans more than 90 days past due	1,068			1,970			(902	)	(45.8)	2,994			4,607			5,642			(4,574	)	(81.1	)
Total non-performing assets	$	215,236		$	190,526		24,710		13.0	$	208,466		$	246,921		$	254,207		(38,971	)	(15.3	)

Loans 30-89 days past due	$	59,074		$	35,579		23,495		66.0	$	25,306		$	39,005		$	32,835		26,239		79.9

Non-performing assets to total assets	1.07		%	0.98		%				1.07		%	1.28		%	1.41		%
Non-performing assets to total loans and OREO	1.49			1.33						1.47			1.76			1.97
Allowance for loan losses to non-performing loans ⁽³⁾	79.7			88.5						77.5			65.1			63.8
Allowance for loan losses to non-performing assets	68.1			72.6						62.5			51.9			50.5
Allowance for loan losses to total loans	1.01			0.97						0.92			0.92			1.00

Quarter-to-date charge-offs	$	5,560		$	4,277		1,283		30.0	$	5,245		$	4,808		$	2,972		2,588		87.1
Quarter-to-date recoveries	(1,551		)	(1,358		)	(193	)	14.2	(2,790		)	(1,034		)	(1,237		)	(314	)	25.4



Table 5 - IBERIABANK CORPORATION
LEGACY LOANS AND LEGACY ASSET QUALITY DATA
(Dollars in thousands)

							Linked Qtr Change												Year/Year Change
LEGACY LOANS	3/31/2016			12/31/2015			$		%	9/30/2015			6/30/2015			3/31/2015			$		%
Commercial loans:
Real estate	$	4,771,690		$	4,504,062		267,628		5.9	$	4,321,723		$	4,105,592		$	3,845,551		926,139		24.1
Commercial and Industrial	2,926,686			2,952,102			(25,416	)	(0.9)	2,779,503			2,650,799			2,496,258			430,428		17.2
Energy-related (Real Estate and Commercial and Industrial) ⁽¹⁾	728,778			677,177			51,601		7.6	713,935			782,312			815,281			(86,503	)	(10.6)
Total commercial loans	8,427,154			8,133,341			293,813		3.6	7,815,161			7,538,703			7,157,090			1,270,064		17.7

Residential mortgage loans	730,621			694,023			36,598		5.3	660,543			616,497			553,815			176,806		31.9

Consumer loans:
Home equity	1,625,812			1,575,643			50,169		3.2	1,488,796			1,399,005			1,335,390			290,422		21.7
Indirect automobile	213,141			246,214			(33,073	)	(13.4)	281,522			322,767			367,077			(153,936	)	(41.9)
Automobile	153,732			157,579			(3,847	)	(2.4)	159,928			159,778			145,084			8,648		6.0
Credit card	76,247			77,261			(1,014	)	(1.3)	76,716			73,726			72,164			4,083		5.7
Other	301,990			306,459			(4,469	)	(1.5)	296,592			285,077			264,249			37,741		14.3
Total consumer loans	2,370,922			2,363,156			7,766		0.3	2,303,554			2,240,353			2,183,964			186,958		8.6
Total loans	$	11,528,697		$	11,190,520		338,177		3.0	$	10,779,258		$	10,395,553		$	9,894,869		1,633,828		16.5

Allowance for loan losses	$	(105,574	)	$	(93,808	)	(11,766	)	12.5	$	(86,400	)	$	(83,723	)	$	(78,773	)	(26,801	)	34.0
Loans, net	11,423,123			11,096,712			326,411		2.9	10,692,858			10,311,830			9,816,096			1,607,027		16.4

Reserve for unfunded commitments	(14,033)			(14,145)			112		(0.8)	(14,525)			(13,244)			(12,849)			(1,184)		9.2
Allowance for credit losses	(119,607)			(107,953)			(11,654	)	10.8	(100,925)			(96,967)			(91,622)			(27,985	)	30.5

ASSET QUALITY DATA ⁽²⁾
Non-accrual loans	$	93,429		$	50,928		42,501		83.5	$	51,274		$	62,739		$	60,064		33,365		55.5
Other real estate owned and foreclosed assets	17,662			16,491			1,171		7.1	17,062			20,028			21,654			(3,992	)	(18.4)
Accruing loans more than 90 days past due	125			624			(499	)	(80.0)	1,521			3,584			239			(114	)	(47.7)
Total non-performing assets	$	111,216		$	68,043		43,173		63.4	$	69,857		$	86,351		$	81,957		29,259		35.7

Loans 30-89 days past due	$	42,454		$	20,109		22,345		111.1	$	15,718		$	14,985		$	17,606		24,848		141.1

Non-performing assets to total assets	0.65		%	0.42		%				0.43		%	0.55		%	0.55		%
Non-performing assets to total loans and OREO	0.96			0.61						0.65			0.83			0.83
Allowance for loan losses to non-performing loans ⁽³⁾	112.9			182.0						163.7			126.2			130.6
Allowance for loan losses to non-performing assets	94.9			137.9						123.7			97.0			96.1
Allowance for loan losses to total loans	0.92			0.84						0.80			0.81			0.80

Quarter-to-date charge-offs	$	5,389		$	3,705		1,684		45.5	$	4,958		$	4,446		$	2,669		2,720		101.9



Quarter-to-date recoveries	(1,247		)	(1,145		)	(102	)	8.9	(2,524		)	(941		)	(1,091		)	(156	)	14.3
Quarter-to-date net charge-offs	$	4,142		$	2,560		1,582		61.8	$	2,434		$	3,505		$	1,578		2,564		162.5
Net charge-offs to average loans (annualized)	0.15		%	0.09		%				0.09		%	0.14		%	0.06		%

(1) For purposes of this table, energy-related loans generally include loans with specific NAICS codes that relate to the Oil and Gas E&P, Services or Midstream industries.
(2) For purposes of this table, non-performing assets include all loans meeting non-performing asset criteria.
(3) Non-performing loans consist of non-accruing loans and accruing loans 90 days or more past due.



Table 6 - IBERIABANK CORPORATION
ACQUIRED LOANS AND ACQUIRED ASSET QUALITY DATA
(Dollars in thousands)

							Linked Qtr Change													Year/Year Change
ACQUIRED LOANS⁽¹⁾	3/31/2016			12/31/2015			$		%		9/30/2015			6/30/2015			3/31/2015			$		%
Commercial loans:
Real estate	$	1,458,938		$	1,569,449		(110,511	)	(7.0)		$	1,658,028		$	1,748,159		$	1,277,395		181,543		14.2
Commercial and Industrial	447,696			492,476			(44,780	)	(9.1)		523,468			566,107			471,048			(23,352	)	(5.0)
Energy-related (Real Estate and Commercial and Industrial)⁽²⁾	2,884			3,589			(705	)	(19.6)		5,521			5,256			4,130			(1,246	)	(30.2)
Total commercial loans	1,909,518			2,065,514			(155,996	)	(7.6)		2,187,017			2,319,522			1,752,573			156,945		9.0

Residential mortgage loans	477,770			501,296			(23,526	)	(4.7)		529,398			553,111			610,471			(132,701	)	(21.7)

Consumer loans:
Home equity	465,702			490,524			(24,822	)	(5.1)		526,891			572,068			522,698			(56,996	)	(10.9)
Indirect automobile	38			84			(46	)	(54.8)		127			191			272			(234	)	(86.0)
Automobile	11,136			11,992			(856	)	(7.1)		13,019			14,146			15,434			(4,298	)	(27.8)
Credit card	509			582			(73	)	(12.5)		568			588			547			(38	)	(6.9)
Other	57,874			66,916			(9,042	)	(13.5)		80,741			95,384			76,597			(18,723	)	(24.4)
Total consumer loans	535,259			570,098			(34,839	)	(6.1)		621,346			682,377			615,548			(80,289	)	(13.0)
Total loans	$	2,922,547		$	3,136,908		(214,361	)	(6.8)		$	3,337,761		$	3,555,010		$	2,978,592		(56,045	)	(1.9)

Allowance for loan losses	$	(40,983	)	$	(44,570	)	3,587		(8.0)		$	(43,854	)	$	(44,426	)	$	(49,540	)	8,557		(17.3)
Loans, net	2,881,564			3,092,338			(210,774	)	(6.8)		3,293,907			3,510,584			2,929,052			(47,488	)	(1.6)

ACQUIRED ASSET QUALITY DATA ⁽¹⁾
Non-accrual loans	$	89,328		$	103,497		(14,169	)	(13.7	)	$	113,748		$	129,646		$	135,307		(45,979	)	(34.0	)
Other real estate owned and foreclosed assets	13,749			17,640			(3,891	)	(22.1	)	23,388			29,901			31,540			(17,791	)	(56.4	)
Accruing loans more than 90 days past due	943			1,346			(403	)	(29.9	)	1,473			1,023			5,403			(4,460	)	(82.5	)
Total non-performing assets	$	104,020		$	122,483		(18,463	)	(15.1	)	$	138,609		$	160,570		$	172,250		(68,230	)	(39.6	)

Loans 30-89 days past due	$	16,620		$	15,470		1,150		7.4		$	9,588		$	24,020		$	15,229		1,391		9.1

Non-performing assets to total assets	3.50		%	3.84		%					4.07		%	4.42		%	5.64		%
Non-performing assets to total loans and OREO	3.54			3.88							4.12			4.48			5.72
Allowance for loan losses to non-performing loans ⁽³⁾	45.4			42.5							38.1			34.0			35.2
Allowance for loan losses to non-performing assets	39.4			36.4							31.6			27.7			28.8
Allowance for loan losses to total loans	1.40			1.42							1.31			1.25			1.66

Quarter-to-date charge-offs	$	171		$	572		(401	)	(70.1	)	$	287		362			$	303		(132	)	(43.6	)
Quarter-to-date recoveries	(304		)	(213		)	(91	)	42.7		(266		)	(93		)	(146		)	(158	)	108.2
Quarter-to-date net charge-offs/(recoveries)	$	(133	)	$	359		(492	)	(137.0	)	$	21		$	269		$	157		(290	)	(184.7	)

Net charge-offs/(recoveries) to average loans (annualized)	(0.02		)%	0.04%							0.00%			0.03		%	0.03		%



TABLE 7 - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)

	For the Three Months Ended
	3/31/2016								12/31/2015							Basis Point Change
ASSETS	Average Balance			Interest Income/Expense			Yield/Rate		Average Balance		Interest Income/Expense			Yield/Rate		Yield/Rate
Earning assets:
Commercial loans (TE) ⁽¹⁾	$	10,250,555		$	113,417		4.43	%	$	10,062,680	$	114,153		4.50	%	(7	)
Residential mortgage loans	1,202,692			13,429			4.47		1,193,488		12,819			4.30		17
Consumer loans	2,901,163			37,145			5.15		2,928,982		36,553			4.95		20
Total loans (TE) ⁽¹⁾	14,354,410			163,991			4.58		14,185,150		163,525			4.57		1
Loss share receivable	37,360			(4,386		)	(46.44	)	41,205		(4,490		)	(42.63	)	(381	)
Total loans and loss share receivable	14,391,770			159,605			4.45		14,226,355		159,035			4.44		1
Mortgage loans held for sale	160,873			1,401			3.48		169,616		1,422			3.35		13
Investment securities ⁽²⁾	2,866,974			15,212			2.25		2,901,388		15,149			2.21		4
Other earning assets	453,737			718			0.64		390,571		1,045			1.06		(42	)
Total earning assets	17,873,354			176,936			3.99		17,687,930		176,651			3.99		—
Allowance for loan losses	(141,393		)						(135,209)
Non-earning assets	1,929,350								1,998,445
Total assets	$	19,661,311							$	19,551,166

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	2,859,940		1,940			0.27		$	2,720,128	1,861			0.27		—
Savings and money market accounts	6,598,838			5,640			0.34		6,899,090		6,172			0.35		(1	)
Certificates of deposit	2,098,032			4,354			0.83		2,213,557		4,727			0.85		(2	)
Total interest-bearing deposits ⁽³⁾	11,556,810			11,934			0.42		11,832,775		12,760			0.43		(1	)
Short-term borrowings	494,670			485			0.39		240,365		98			0.16		23
Long-term debt	523,503			3,114			2.35		341,022		2,633			3.02		(67	)
Total interest-bearing liabilities	12,574,983			15,533			0.49		12,414,162		15,491			0.49		—
Non-interest-bearing deposits	4,388,259								4,459,980
Non-interest-bearing liabilities	167,810								186,382
Total liabilities	17,131,052								17,060,524
Total shareholders' equity	2,530,259								2,490,642
Total liabilities and shareholders' equity	$	19,661,311							$	19,551,166

Net interest income/Net interest spread				$	161,403		3.50	%			$	161,160		3.50	%	—
Tax-equivalent benefit				2,361			0.05				2,384			0.05		—
Net interest income (TE)/Net interest margin (TE) ⁽¹⁾				$	163,764		3.64	%			$	163,544		3.64	%	—

(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 the impact of trade date accounting.
(3) Total deposit costs for the three months ended March 31, 2016 and December 31, 2015 total 0.30% and 0.31%, respectively.



TABLE 7 Continued - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)

	For the Three Months Ended
	9/30/2015						6/30/2015						3/31/2015
ASSETS	Average Balance		Interest Income/Expense		Yield/Rate		Average Balance		Interest Income/Expense		Yield/Rate		Average Balance		Interest Income/Expense		Yield/Rate
Earning assets:
Commercial loans (TE) ⁽¹⁾	$	9,915,593	$	110,282	4.41	%	$	9,277,141	$	103,272	4.46	%	$	7,882,782	$	83,645	4.31	%
Residential mortgage loans	1,180,725		13,156		4.46		1,187,166		14,379		4.84		1,099,518		13,594		4.95
Consumer loans	2,913,283		36,477		4.97		2,833,417		35,684		5.05		2,581,646		32,952		5.18
Total loans (TE) ⁽¹⁾	14,009,601		159,915		4.53		13,297,724		153,335		4.62		11,563,946		130,191		4.56
Loss share receivable	47,190		(5,600)		(46.43)		55,751		(7,398)		(52.50)		66,165		(6,013)		(36.35)
Total loans and loss share receivable	14,056,791		154,315		4.36		13,353,475		145,937		4.38		11,630,111		124,178		4.32
Mortgage loans held for sale	200,895		1,847		3.68		202,691		1,380		2.72		133,304		1,515		4.55
Investment securities ⁽²⁾	2,697,617		13,729		2.16		2,469,050		12,191		2.08		2,307,525		12,097		2.22
Other earning assets	756,277		1,186		0.62		663,071		1,037		0.63		402,499		795		0.80
Total earning assets	17,711,580		171,077		3.86		16,688,287		160,545		3.87		14,473,439		138,585		3.90
Allowance for loan losses	(130,367)						(129,069)						(128,519)
Non-earning assets	2,022,857						1,886,068						1,612,693
Total assets	$	19,604,070					$	18,445,286					$	15,957,613

LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	2,655,069	1,725		0.26		$	2,639,140	1,765		0.27		$	2,464,760	1,552		0.26
Savings and money market accounts	7,104,789		6,459		0.36		6,228,052		5,058		0.33		4,834,244		3,375		0.28
Certificates of deposit	2,343,794		5,040		0.85		2,331,537		4,959		0.85		2,150,447		4,411		0.83
Total interest-bearing deposits ⁽³⁾	12,103,652		13,224		0.43		11,198,729		11,782		0.42		9,449,451		9,338		0.40
Short-term borrowings	262,250		116		0.17		461,742		220		0.19		747,058		363		0.19
Long-term debt	343,016		2,620		2.99		446,748		2,866		2.54		423,495		3,080		2.91
Total interest-bearing liabilities	12,708,918		15,960		0.50		12,107,219		14,868		0.49		10,620,004		12,781		0.49
Non-interest-bearing deposits	4,265,912						3,933,468						3,312,357
Non-interest-bearing liabilities	206,030						172,473						135,477
Total liabilities	17,180,860						16,213,160						14,067,838
Total shareholders' equity	2,423,210						2,232,126						1,889,775
Total liabilities and shareholders' equity	$	19,604,070					$	18,445,286					$	15,957,613

Net interest income/Net interest spread			$	155,117	3.36	%			$	145,677	3.38	%			$	125,804	3.41	%
Tax-equivalent benefit			2,185		0.05				1,996		0.05				2,040		0.06
Net interest income (TE)/Net interest margin (TE) ⁽¹⁾			$	157,302	3.50	%			$	147,673	3.52	%			$	127,844	3.54	%

(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 the impact of trade date accounting.
(3) Total deposit costs for the three months ended September 30, 2015, June 30, 2015, and March 31, 2015 total 0.32%, 0.31% and 0.30%, respectively.



Table 8 - IBERIABANK CORPORATION
LEGACY AND ACQUIRED LOAN PORTFOLIO VOLUMES AND YIELDS
(Dollars in millions)

	For the Three Months Ended
	3/31/2016							12/31/2015							9/30/2015							6/30/15							3/31/2015
AS REPORTED (US GAAP)	Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield
Legacy loans, net	$	115		$	11,319	4.02	%	$	109		$	10,949	3.92	%	$	105		$	10,571	3.90	%	$	99		$	10,147	3.88	%	$	94		$	9,734	3.90	%
Acquired loans ⁽¹⁾	45			3,073		5.84		50			3,277		5.97		49			3,486		5.59		47			3,206		5.82		30			1,896		6.34
Total loans	$	160		$	14,392	4.46	%	$	159		$	14,226	4.44	%	$	154		$	14,057	4.36	%	$	146		$	13,353	4.38	%	$	124		$	11,630	4.32	%

	3/31/2016							12/31/2015							9/30/2015							6/30/15							3/31/2015
ADJUSTMENTS	Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield
Legacy loans, net	$	—		$	—	0.00	%	$	—		$	—	0.00	%	$	—		$	—	0.00	%	$	—		$	—	0.00	%	$	—		$	—	0.00	%
Acquired loans ⁽¹⁾	(7		)	86		(1.04	)	(11		)	87		(1.41	)	(8		)	92		(0.90	)	(9		)	85		(1.23	)	(9		)	67		(2.00	)
Total loans	$	(7	)	$	86	(0.21	)%	$	(11	)	$	87	(0.33	)%	$	(8	)	$	92	(0.24	)%	$	(9	)	$	85	(0.30	)%	$	(9	)	$	67	(0.33	)%

	3/31/2016							12/31/2015							9/30/2015							6/30/15							3/31/2015
AS ADJUSTED (CASH YIELD, NON-GAAP)	Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield
Legacy loans, net	$	115		$	11,319	4.02	%	$	109		$	10,949	3.92	%	$	105		$	10,571	3.90	%	$	99		$	10,147	3.88	%	$	94		$	9,734	3.90	%
Acquired loans ⁽¹⁾	38			3,159		4.80		39			3,364		4.56		41			3,578		4.69		38			3,291		4.58		21			1,963		4.28
Total loans	$	153		$	14,478	4.25	%	$	148		$	14,313	4.11	%	$	146		$	14,149	4.12	%	$	137		$	13,438	4.08	%	$	115		$	11,697	3.99	%

(1) Acquired loans include the impact of the FDIC Indemnification Asset.



Table 9 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)

	For the Three Months Ended
	3/31/2016									12/31/2015									9/30/2015
	Pre-tax			After-tax ⁽¹⁾			Per share ⁽²⁾			Pre-tax			After-tax ⁽¹⁾			Per share ⁽²⁾			Pre-tax			After-tax ⁽¹⁾			Per share ⁽²⁾
Net income available to common shareholders (GAAP)	$	64,891		$	40,193		$	0.97		$	62,977		$	44,407		$	1.08		$	62,565		$	42,475		$	1.03
													—
Non-interest income adjustments:													—
Gain on sale of investments and other non-interest income	(196		)	(127		)	—			(157		)	(102		)	—			(2,221		)	(1,444		)	(0.04		)

Non-interest expense adjustments:
Merger-related expenses	3			2			—			(166		)	(108		)	—			2,212			1,438			0.04
Severance expenses	454			295			0.01			1,842			1,197			0.03			304			198			—
Impairment of long-livedassets, net of (gain) loss on sale	1,044			679			0.01			3,396			2,207			0.05			1,713			1,113			0.03
Other non-operating non-interest expense	1,091			709			0.02			(208		)	(135		)	—			242			157			—
Total non-interest expense adjustments	2,592			1,685			0.04			4,864			3,161			0.08			4,471			2,906			0.07
Income tax benefits	—			—			—			—			(2,041		)	(0.05		)	—			—			-
Operating earnings (non-GAAP)	67,287			41,751			1.01			67,684			45,425			1.11			64,815			43,937			1.07
Provision for loan losses	14,905			9,688			0.24			11,711			7,612			0.19			5,062			3,291			0.08
Pre-provision operating earnings (non-GAAP)	$	82,192		$	51,439		$	1.25		$	79,395		$	53,037		$	1.30		$	69,877		$	47,228		$	1.15

	For the Three Months Ended
	6/30/2015									3/31/2015
	Pre-tax			After-tax ⁽¹⁾			Per share ⁽²⁾			Pre-tax			After-tax ⁽¹⁾			Per share ⁽²⁾
Net income available to common shareholders (GAAP)	$	45,191		$	30,836		$	0.79		$	36,205		$	25,126		$	0.75

Non-interest income adjustments:
Gain on sale of investments and other non-interest income	(1,266		)	(823		)	(0.02		)	(389		)	(252		)	(0.01		)

Non-interest expense adjustments:
Merger-related expenses	12,732			8,392			0.22			9,296			6,139			0.18
Severance expenses	406			264			0.01			41			27			—
Impairment of long-lived assets, net of (gain) loss on sale	1,571			1,021			0.03			579			376			0.01
Other non-operating non-interest expense	2,050			1,333			0.03			450			292			0.01
Total non-interest expense adjustments	16,759			11,010			0.29			10,366			6,834			0.20



Table 10 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)

	For the Three Months Ended
	3/31/2016			12/31/2015			9/30/2015			6/30/2015			3/31/2015
Net interest income (GAAP)	$	161,403		$	161,160		$	155,117		$	145,677		$	125,804
Add: Effect of tax benefit on interest income	2,361			2,384			2,185			1,996			2,040
Net interest income (TE) (Non-GAAP) ⁽¹⁾	163,764			163,544			157,302			147,673			127,844

Non-interest income (GAAP)	55,845			52,503			57,478			61,513			48,899
Add: Effect of tax benefit on non-interest income	647			590			589			579			588
Non-interest income (TE) (Non-GAAP) ⁽¹⁾	56,492			53,093			58,067			62,092			49,487
Taxable equivalent revenues (Non-GAAP) ⁽¹⁾	220,256			216,637			215,369			209,765			177,331
Securities gains and other non-interest income	(196		)	(157		)	(2,221		)	(1,266		)	(389		)
Taxable equivalent operating revenues (Non-GAAP)⁽¹⁾	$	220,060		$	216,480		$	213,148		$	208,499		$	176,942

Total non-interest expense (GAAP)	$	137,452		$	138,975		$	144,968		$	153,209		$	133,153
Less: Intangible amortization expense	2,113			1,795			2,338			2,155			1,523
Tangible non-interest expense (Non-GAAP) ⁽²⁾	135,339			137,180			142,630			151,054			131,630
Less: Merger-related expense	3			(166		)	2,212			12,732			9,296
Severance expense	454			1,842			304			406			41
Loss on sale of long-lived assets, net of impairment	1,044			3,396			1,713			1,571			579
Other non-operating non-interest expense	1,091			(208		)	242			2,050			450
Tangible operating non-interest expense (Non-GAAP) ⁽²⁾	$	132,747		$	132,316		$	138,159		$	134,295		$	121,264

Return on average assets (GAAP)	0.82		%	0.90		%	0.86		%	0.67		%	0.64		%
Effect of non-operating revenues and expenses	0.03			0.02			0.03			0.22			0.17
Operating return on average assets (Non-GAAP)	0.85		%	0.92		%	0.89		%	0.89		%	0.81		%

Efficiency ratio (GAAP)	63.3		%	65.0		%	68.2		%	73.9		%	76.2		%
Effect of tax benefit related to tax-exempt income	(0.9)			(0.8)			(0.9)			(0.9)			(1.1)
Efficiency ratio (TE) (Non-GAAP) ⁽¹⁾	62.4		%	64.2		%	67.3		%	73.0		%	75.1		%
Effect of amortization of intangibles	(1.0		)	(0.8		)	(1.1		)	(1.0		)	(0.9		)
Effect of non-operating items	(1.1		)	(2.3		)	(1.4		)	(7.6		)	(5.7		)
Tangible operating efficiency ratio (TE) (Non-GAAP) ^{(1) (2)}	60.3		%	61.1		%	64.8		%	64.4		%	68.5		%

Return on average common equity (GAAP)	6.59		%	7.30		%	7.09		%	5.54		%	5.39		%
Effect of intangibles ⁽²⁾	3.30			3.65			3.73			2.93			2.53
Effect of non-operating revenues and expenses	0.37			0.25			0.36			2.67			2.00
Return on average operating tangible common equity (Non-GAAP) ⁽²⁾	10.26		%	11.20		%	11.18		%	11.14		%	9.92		%

Total shareholders' equity (GAAP)	$	2,547,909		$	2,498,835		$	2,483,201		$	2,365,284		$	2,167,330
Less: Goodwill and other intangibles	764,730			761,871			762,500			761,809			668,802
Preferred stock	76,812			76,812			77,463			—			—
Tangible common equity (Non-GAAP) ⁽²⁾	$	1,706,367		$	1,660,152		$	1,643,238		$	1,603,475		$	1,498,528

Total assets (GAAP)	$	20,092,563		$	19,504,068		$	19,534,225		$	19,238,928		$	18,051,762
Less: Goodwill and other intangibles	764,730			761,871			762,500			761,809			668,802
Tangible assets (Non-GAAP) ⁽²⁾	$	19,327,833		$	18,742,197		$	18,771,725		$	18,477,119		$	17,382,960
Tangible common equity ratio (Non-GAAP) ⁽²⁾	8.83		%	8.86		%	8.75		%	8.68		%	8.62		%


•	The Company's net interest margin was stable on a linked quarter basis at 3.64%, which was above management’s expectations. The Company's cash margin improved 10 basis points on a linked quarter basis.


•	On a linked quarter basis, the Company's operating revenues increased $3.5 million, or 2%, while its operating expenses increased $0.7 million, or less than 1%. The tangible efficiency ratio improved from 61.1% to 60.3% on a linked quarter basis.


•	During the first quarter of 2016, the Company closed or consolidated 19 branches, which is expected to result in projected annual net run-rate savings of at least $1 million per quarter starting in the second quarter of 2016. The Company incurred $2.1 million in pre-tax non-operating expenses in the first quarter of 2016 associated with branch closures and consolidations.


•	Increased client derivative income of $1.9 million, or 175%; partially offset by


•	Increased marketing and business development expenses of $1.3 million, or 61%;


•	Increased core deposit intangible amortization of $0.3 million, or 18%;


•	Increased travel and entertainment expenses of $0.3 million, or 17%; and


•	Increased OREO-related expense of $0.3 million; partially offset by


•	Decreased salaries and employee benefit expenses of $1.3 million, or 2%.



Quarter-to-date net charge-offs	$	4,009		$	2,919		1,090	37.3	$	2,455		$	3,774		$	1,735		2,274	131.1

Net charge-offs to average loans (annualized)	0.11		%	0.08		%			0.07		%	0.11		%	0.06		%

(1) For purposes of this table, energy-related loans generally include loans with specific NAICS codes that relate to the Oil and Gas E&P, Services or Midstream industries.
(2) For purposes of this table, non-performing assets include all loans meeting non-performing asset criteria, including assets acquired in FDIC-assisted transactions.
(3) Non-performing loans consist of non-accruing loans and accruing loans 90 days or more past due.


•	Bank of America Merrill Lynch


•	FBR & Co.


•	FIG Partners, LLC


•	Hovde Group, LLC



Income tax benefits	—		—		-		—		—		—
Operating earnings (non-GAAP)	60,684		41,023		1.05		46,182		31,708		0.95
Provision for loan losses	8,790		5,713		0.15		5,345		3,475		0.10
Pre-provision operating earnings (non-GAAP)	$	69,474	$	46,736	$	1.20	$	51,527	$	35,183	$	1.05

⁽¹⁾After-tax amounts computed using a marginal tax rate of 35%.
⁽²⁾ Diluted per share amounts may not appear to foot due to rounding.