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): July 27, 2016

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 July 27, 2016, the Registrant announced its results of operations for the three and six months ended June 30, 2016. Copies of the related press release and selected supplemental materials are attached as Exhibit 99.1 and Exhibit 99.2, respectively, to this Current Report on Form 8-K and are incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit 99.1- Press Release reporting quarterly results, dated July 27, 2016, issued by the Registrant.

Exhibit 99.2- Supplemental Materials to conference call.

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: July 28, 2016	By:	/s/ Daryl G. Byrd
	Daryl G. Byrd
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number
99.1	Press Release reporting second quarter results dated July 27, 2016, issued by the Registrant.
99.2	Supplemental Materials to conference call.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

July 27, 2016

Contact:

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

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

IBERIABANK Corporation Reports Second Quarter Results

LAFAYETTE, LOUISIANA -- IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 129-year-old IBERIABANK (www.iberiabank.com), reported financial results for the second quarter ended June 30, 2016. For the quarter, the Company reported income available to common shareholders of $50.0 million, or $1.21 fully diluted earnings per common share (“EPS”). On a non-GAAP basis, EPS excluding non-core revenues and non-core expenses ("Core EPS") in the second quarter of 2016 was $1.18 per common share (refer to press release supplemental tables for a reconciliation of GAAP to non-GAAP metrics). Both EPS and Core EPS in the second 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 very pleased to report solid bottom-line financial performance in the second quarter and continued progress toward achieving our strategic goals. During the second quarter, our energy exposure declined materially. In addition, stabilization of credit conditions resulted in a lower provision on a linked quarter basis. We experienced strong loan growth and seasonably strong fee income expansion. Good revenue growth combined with continued cost containment efforts resulted in improved operating leverage. During this quarter, we also bolstered our capital position through the completion of our second preferred stock offering and bought back common shares in conjunction with our recently authorized buyback program. We believe it was a very active and dynamic quarter."

Byrd continued, "As a result of these actions we saw tremendous momentum on multiple strategic fronts. This progress included hitting the 1.00% mark on return on average assets on an annualized basis, growing tangible book value per share by 3%, bringing the dividend payout ratio to 28%, attaining our non-GAAP core tangible efficiency goal of 60%, progressing on our energy-related loans, and continuing to strengthen our balance sheet. We believe our unique business model creates long-term shareholder value by generating high-quality client growth, while maintaining strong diversification and favorable financial performance. We believe these efforts were evident in our financial and operating results this quarter."

Highlights for the Second Quarter of 2016 and at June 30, 2016:

• During the second quarter, the Company continued to reduce energy-related exposures as a result of reduced commitments, increased levels of loan pay-downs, and charge-offs of specific energy-related credits. Energy-related loans ("energy loans") decreased $70 million, or 10%, between March 31, 2016 and June 30, 2016, and at June 30, 2016, equated to 4.5% of total loans. At June 30, 2016, the Company had approximately $35 million in aggregate reserves for energy loans and unfunded commitments, a decrease of $4 million, or 10%, since March 31, 2016. At quarter-end, energy-related reserves equated to 5.3% of energy loans outstanding.

• The Company's net interest margin declined three basis points on a linked quarter basis to 3.61%, which approximated management’s expectations. The Company's cash margin declined seven basis points on a linked quarter basis.

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• On a linked quarter basis, the Company's revenues increased $10.4 million, or 5%, and non-GAAP core revenues increased $8.8 million, or 4%. Over the same period, expenses increased $2.1 million, or 1%, and non-GAAP core expenses increased $4.6 million, or 3%. The efficiency ratio improved from 63.3% to 61.3%, while non-GAAP core tangible efficiency ratio improved from 60.3% to 60.0% on a linked quarter basis.

• Total loan growth was $271 million, or 2%, between March 31, 2016 and June 30, 2016. Legacy loan growth, which excludes all assets covered under FDIC loss share agreements and other non-covered acquired assets (collectively, “Acquired Assets”), increased $456 million, or 4% (16% annualized rate), on a period-end basis and $418 million, or 4% (15% annualized rate), on an average balance basis.

• Total deposits decreased $399 million, or 2%, between quarter-ends, and increased $34 million, or less than 1%, on an average balance basis. Non-interest-bearing deposits increased $55 million, or 1%, between quarter-ends and increased $76 million, or 2%, on an average balance basis.

Table A - Summary Financial Results
(Dollars in thousands, except per share data)
	For the Three Months Ended
	6/30/2016			3/31/2016			% Change	6/30/2015			% Change
GAAP BASIS:
Net income available to common shareholders	$	49,956		$	40,193		24.3	$	30,836		62.0
Earnings per common share - diluted	1.21			0.97			24.7	0.79			53.2
Average gross loans and leases	$	14,570,945		$	14,354,410		1.5	$	13,297,724		9.6
Average total deposits	15,979,391			15,945,069			0.2	15,132,197			5.6
Net interest margin (TE) (1)	3.61		%	3.64		%		3.52		%
Total revenues	$	227,670		$	217,248		4.8	$	207,190		9.9
Total non-interest expense	139,504			137,452			1.5	153,209			(8.9	)
Efficiency ratio (TE) (1)	61.3		%	63.3		%		73.9		%
Return on average assets	1.00			0.82				0.67
Return on average common equity	8.05			6.59				5.54
NON-GAAP BASIS (2):
Core revenues	$	225,881		$	217,052		4.1	$	205,924		9.7
Core non-interest expense	139,443			134,860			3.4	136,450			2.2
Core earnings per common share - diluted	1.18			1.01			16.8	1.05			12.4
Core tangible efficiency ratio (TE) (1) (4)	60.0		%	60.3		%		64.4		%
Core return on average assets	0.98			0.85				0.89
Core return on average tangible common equity (4)	11.64			10.26				11.14
Net interest margin (TE) - cash basis (1)(3)	3.41			3.48				3.29
(1)  Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 35%, which approximates the marginal tax rate.
(2)  See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.
(3)  See Table 11 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.

2

Operating Results

On a linked quarter basis, average loan volume (including the FDIC loss share receivable) increased $211 million, or 1%, and the associated tax-equivalent yield decreased two basis points. Over that period, average legacy loans increased $418 million, or 4%, with a decrease in yield of two basis points, and average Acquired Assets (including the FDIC loss share receivable) decreased $207 million, or 7%, and the yield increased 17 basis points. All other average earning assets, including investment securities, mortgage loans held for sale, and interest-bearing deposits in other institutions, increased a total of $70 million, or 2%.

On a linked quarter basis, average earning assets increased $282 million, or 2%, and the average earning asset yield decreased two basis points. Average interest-bearing liabilities increased $158 million, or 1%, and the cost of interest-bearing liabilities increased one basis point. As a result, the net interest spread and margin each declined three basis points. On a linked quarter basis, tax-equivalent net interest income increased$1.3 million, or 1%.

In the second quarter of 2016, non-interest income increased $9.1 million, or 16%, compared to the first quarter of 2016. Non-core non-interest income totaled $1.8 million in the second quarter of 2016, as a result of gains on the sale of investment securities sold under favorable temporary market conditions. Core non-interest income increased $7.5 million, or 13%, on a linked quarter basis. The primary changes in core non-interest income on a linked quarter basis included:

• Increased mortgage income of $6.1 million, or 30%; and

• Increased title revenues of $1.4 million, or 29%.

In the second quarter of 2016, the Company originated $709 million in residential mortgage loans, up $193 million, or 37%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 16% of mortgage loan applications in the second quarter of 2016, compared to 23% on a linked quarter basis.The Company sold $673 million in mortgage loans during the second quarter of 2016, up $185 million, or 38%, on a linked quarter basis. Loans held for sale increased from $193 million at March 31, 2016, to $230 million at June 30, 2016. The mortgage origination locked pipeline remained steady at $345 million between quarter-ends, and was up $16 million, or 5%, over the comparable period last year. At July 22, 2016, the locked pipeline was $357 million, up slightly compared to June 30, 2016. The improvement in mortgage income on a linked quarter basis was primarily the result of seasonal demand leading to higher volumes of mortgage loan originations and a stable mortgage locked pipeline.

Non-interest expense increased $2.1 million, or 1%, on a linked quarter basis, while non-core expense decreased $2.5 million and core expense increased $4.6 million, or 3%. Core expense changes included the following on a linked-quarter basis:

• Increased mortgage commission expenses of $2.7 million as a result of higher mortgage loan origination volumes;

• Increased annual incentives expense of $1.7 million;

• Increased other salaries and benefits expense of $0.3 million; and

• Increased professional services expense of $0.6 million; partially offset by

• Decreased travel and entertainment expenses of $0.4 million.

The Company's core tangible efficiency ratio in the second quarter of 2016 was 60.0%, down from 60.3% in the first quarter of 2016. The Company continues to focus on expense containment and revenue enhancement strategies intended to further improve its targeted core tangible efficiency ratio.

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Table B - Summary Financial Condition Results
(Dollars in thousands, except per share data)
		As of and For the Three Months Ended
		6/30/2016			3/31/2016			% Change		6/30/2015			% Change
PERIOD-END BALANCES:
	Total loans and leases	$	14,722,561		$	14,451,244		1.9		$	13,950,563		5.5
	Legacy loans and leases	11,984,849			11,528,697			4.0		10,395,553			15.3
	Total deposits	15,862,027			16,260,566			(2.5	)	16,119,541			(1.6	)
ASSET QUALITY RATIOS (LEGACY):
	Past due loans to total loans (1)	1.18		%	1.18		%			0.78		%
	Non-performing assets to total assets (2)	0.63			0.65					0.55
	Classified assets to total assets (3)	2.09			2.21					0.84
CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) (4) (5)	9.00		%	8.83		%			8.68		%
	Tier 1 leverage ratio	9.70			9.41					9.24
	Total risk-based capital ratio	12.44			12.21					11.49
PER COMMON SHARE DATA:
	Book value	$	61.05		$	59.93		1.9		$	57.53		6.1
	Tangible book value (4) (5)	42.53			41.38			2.8		39.00			9.1
	Closing stock price	59.73			51.27			16.5		68.23			(12.5	)
	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 $364 million, $378 million and $131 million at June 30, 2016, March 31, 2016, and June 30, 2015, respectively.
(4)	See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.
(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.

Loans

Total loans increased $271 million, or 2%, between March 31, 2016, and June 30, 2016. Over that period, Acquired Assets decreased $185 million, or 6%, and legacy loans increased $456 million, or 4% (16% annualized rate), including a decrease in total energy loans of $70 million, or 10%, and a decline in indirect automobile loans of $31 million, or 15%. During the second quarter of 2016, legacy commercial loans increased $358 million, or 4% (which included $52 million in small business loan growth, up 5%, or 18% annualized rate), legacy consumer loans increased $34 million, or 1%, and legacy mortgage loans increased $64 million, or 9% (35% annualized rate). Period-end loan growth during the second quarter of 2016 was strongest in the Memphis, New Orleans, Orlando, Southeast Florida, and Tampa markets. Funded loan origination and renewal mix in the second quarter of 2016 was 36% fixed rate and 64% floating rate, and total loans outstanding (excluding non-accruals) were 44% fixed and 56% floating. Commitments originated and/or renewed during the second quarter of 2016 were a record level of $1.6 billion (up 17% on a linked quarter basis).

4

Loans originated and/or renewed during the second quarter of 2016 totaled $1.0 billion (up 14% on a linked quarter basis). At June 30, 2016, the Company's commercial loan pipeline was approximately $1.0 billion.

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
	6/30/2016		3/31/2016		6/30/2015		$		%		Annualized		$		%		6/30/2016		3/31/2016
Legacy loans:
Commercial	$	8,784,789	$	8,427,154	$	7,538,703	357,635		4.2		16.8	%	1,246,086		16.5		73.3	%	73.1	%
Residential mortgage	794,701		730,621		616,497		64,080		8.8		35.2	%	178,204		28.9		6.6	%	6.3	%
Consumer	2,405,359		2,370,922		2,240,353		34,437		1.5		6.0	%	165,006		7.4		20.1	%	20.6	%
Total legacy loans	11,984,849		11,528,697		10,395,553		456,152		4.0		16.0	%	1,589,296		15.3		100.0	%	100.0	%
Acquired loans:
Balance at beginning of period	2,922,547		3,136,908		2,978,592		(214,361	)	(6.8	)			(56,045	)	(1.9	)
Loans acquired during the period	—		—		801,126		—		—				(801,126	)	(100.0	)
Net paydown activity	(184,835)		(214,361)		(224,708)		29,526		(13.8	)			39,873		(17.7	)
Total acquired loans	2,737,712		2,922,547		3,555,010		(184,835	)	(6.3	)			(817,298	)	(23.0	)
Total loans	$	14,722,561	$	14,451,244	$	13,950,563	271,317		1.9				771,998		5.5

Energy loans outstanding totaled $662 million at June 30, 2016, down $70 million, or 10%, compared to March 31, 2016, and equated to approximately 4.5% of total loans (down from 5.1% at March 31, 2016). Energy-related commitments totaled $1.1 billion at June 30, 2016, down $144 million, or 12%, compared to March 31, 2016. Loans to exploration and production companies accounted for 49% of energy loans outstanding and 53% of energy loan commitments at June 30, 2016. Midstream companies accounted for 19% of each energy loans and energy loan commitments, and service companies accounted for 32% of energy loans and 28% of energy loan commitments. At June 30, 2016, $61 million in energy loans were on non-accrual status (compared to $46 million at March 31, 2016), and $3 million in energy loans were past due greater than 30 days at quarter-end. At June 30, 2016, approximately 37% of energy loans were classified and 47% were criticized, compared to 39% and 49%, respectively at March 31, 2016. To date, the Company has experienced $8 million in energy-related charge-offs. Additional information regarding the Company’s energy loan and commitment exposure is provided in Table 8 of this press release and in the supplemental investor presentation.

At June 30, 2016, the Company’s indirect automobile lending business had approximately $182 million in loans outstanding, down $31 million, or 15%, compared to March 31, 2016 (1.2% of total loans outstanding compared to 1.5% at March 31, 2016).

5

Deposits

Total deposits decreased $399 million, or 2%, between March 31, 2016 and June 30, 2016. Over that period, non-interest-bearing deposits increased $55 million, or 1%, and equated to 29% of total deposits at June 30, 2016. Similarly, NOW accounts increased $25 million, or less than 1%, savings deposits increased $25 million, or 3%, and time deposits increased $69 million, or 3%. Between March 31, 2016 and June 30, 2016, money market accounts decreased $573 million, or 10%. The decline in money market deposit balances was primarily the result of movement in a few large commercial client balances due to seasonal and specific deployment opportunities. Deposit growth during the second quarter of 2016 was strongest in the Tampa, Birmingham, and Baton Rouge markets.

Table D - Period-End Deposits
(Dollars in thousands)
							Linked Qtr Change						Year/Year Change				Mix
	6/30/2016		3/31/2016		6/30/2015		$		%		Annualized		$		%		6/30/2016		3/31/2016
Non-interest-bearing	$	4,539,254	$	4,484,024	$	4,166,850	55,230		1.2		4.9	%	372,404		8.9		28.6	%	27.6	%
NOW accounts	2,985,284		2,960,562		2,623,697		24,722		0.8		3.3	%	361,587		13.8		18.8	%	18.2	%
Money market accounts	5,391,390		5,964,029		6,199,405		(572,639	)	(9.6	)	(38.4	)%	(808,015	)	(13.0	)	34.0	%	36.7	%
Savings accounts	796,855		772,117		725,633		24,738		3.2		12.8	%	71,222		9.8		5.0	%	4.7	%
Time deposits	2,149,244		2,079,834		2,403,956		69,410		3.3		13.3	%	(254,712	)	(10.6	)	13.6	%	12.8	%
Total deposits	$	15,862,027	$	16,260,566	$	16,119,541	(398,539	)	(2.5	)	(9.8	)%	(257,514	)	(1.6	)	100.0	%	100.0	%

On an average balance and linked quarter basis, non-interest-bearing deposits increased $76 million, or 2%, and interest-bearing deposits decreased $41 million, or less than 1%. The rate on average interest-bearing deposits in the second quarter of 2016 was 0.42%, unchanged on a linked quarter basis.

Other Assets And Funding

On an average balance and linked quarter basis, the investment portfolio was stable at $2.9 billion in the second quarter of 2016. On a period-end basis, the investment portfolio equated to $2.9 billion, or 14% of total assets at June 30, 2016, unchanged compared to March 31, 2016. The investment portfolio had an effective duration of 2.7 years at June 30, 2016, compared to 2.8 years at March 31, 2016. The investment portfolio had a $52 million unrealized gain at June 30, 2016, up from $39 million at March 31, 2016. The average yield on investment securities decreased seven basis points on a linked quarter basis, to 2.18% in the second quarter of 2016. The Company holds in its investment portfolio primarily government agency securities. Municipal securities comprised 11% of total investments at June 30, 2016. The Company holds for investment no sovereign debt, equity securities, trust preferred securities, or derivative exposure to foreign counterparties.

On a linked quarter basis, average short-term borrowings (including repurchase agreements) increased $130 million, or 26%, and the cost of short-term borrowings increased three basis points. At June 30, 2016, short-term borrowings (including repurchase agreements) increased $267 million, or 54%, compared to March 31, 2016. On a linked quarter basis, average long-term debt increased $70 million, or 13%, and the cost of long-term debt decreased 11 basis points to 2.24%. The cost of average interest-bearing liabilities was 0.50% in the second quarter of 2016, up one basis point on a linked quarter basis.

Asset Quality

Between March 31, 2016 and June 30, 2016, legacy non-performing assets ("NPAs") decreased $1 million, or 1%. At June 30, 2016, NPAs included $8 million in former bank branches and related real estate, a decrease of 28% compared to March 31, 2016. At June 30, 2016, legacy NPAs equated to 0.63% of total assets, down from 0.65% at March 31, 2016, and 0.59% of total assets excluding bank-related properties, unchanged from March 31, 2016.

6

Legacy loans past due 30 days or more (excluding non-accruing loans) increased $4 million, or 9%, and represented 0.39% of total legacy loans at June 30, 2016, compared to 0.37% at March 31, 2016.

Net charge-offs totaled $11.9 million in the second quarter of 2016, up $7.9 million compared to the first quarter of 2016. Annualized net charge-offs equated to 0.33% of average loans in the second quarter of 2016, up 22 basis points on a linked quarter basis. Energy loans accounted for approximately 65% of the net charge-offs incurred during the second quarter of 2016. The energy-related net charge-offs were covered through specific reserves accrued in prior quarters. The Company’s provision for loan losses decreased $3.0 million, or 20%, on a linked quarter basis to $11.9 million.

Capital Position

At June 30, 2016, the Company reported a non-GAAP tangible common equity ratio of 9.00%, up 17 basis points compared to March 31, 2016, and the preliminary Tier 1 leverage ratio was 9.70%, up 29 basis points compared to March 31, 2016. The Company’s preliminary calculation of its total risk-based capital ratio at June 30, 2016, was 12.44%, up 23 basis points compared to March 31, 2016.

At June 30, 2016, book value per common share was $61.05, up $1.12 per share, or 2%, compared to March 31, 2016. Tangible book value per common share was $42.53, up $1.15 per share, or 3%, compared to March 31, 2016. Based on the closing stock price of the Company’s common stock of $63.38 per share on July 27, 2016, this price equated to 1.04 times June 30, 2016 book value per common share and 1.49 times June 30, 2016 tangible book value per common share.

Cash Dividends On Common Stock. On June 20, 2016, the Company declared a quarterly cash dividend of $0.34 per common share. This common dividend level equated to an annualized dividend rate of $1.36 per common share. Based on the Company's closing common stock price on July 27, 2016, the indicated dividend yield was 2.15% per common share. The payment of dividends is at the discretion of the Board of Directors.

Series B Preferred Stock. On August 5, 2015, the Company sold 3.2 million depositary shares, each representing a 1/400th interest in a share of non-cumulative perpetual preferred stock. The Series B preferred stock has an initial coupon equal to 6.625% for a period of 10 years, and thereafter floats at a rate of LIBOR plus 426.2 basis points. The Company raised approximately $80 million in gross proceeds from the transaction. On July 5, 2016, the Company declared a semi-annual cash dividend of $0.828 per depositary share that is payable on August 1, 2016.

Series C Preferred Stock. On May 9, 2016, the Company sold 2.3 million depositary shares, each representing a 1/400th interest in a share of non-cumulative perpetual preferred stock. The Series C preferred stock has an initial coupon equal to 6.60% for a period of 10 years, and thereafter floats at a rate of LIBOR plus 492 basis points. The Company raised approximately $57.5 million in gross proceeds from the transaction. On June 27, 2016, the Company declared a quarterly cash dividend of $0.37 per depositary share that is payable on August 1, 2016.

Common Stock Repurchase Program. On May 4, 2016, the Board of Directors of the Company authorized the repurchase of up to 950,000 shares of the Company's common stock. During the second quarter of 2016, the Company repurchased 202,506 common shares at a weighted average price of $57.61 per common share.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 299 combined offices, including 199 bank branch offices and three loan production offices in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, and Georgia, 24 title insurance offices in Arkansas and Louisiana, and mortgage representatives in 64 locations in 10 states. The Company has 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 Series B Preferred Stock and Series C Preferred Stock trade on the NASDAQ Global Select Market under the symbols "IBKCP" and "IBKCO", respectively. The Company’s common stock market capitalization was approximately $2.6 billion, based on the NASDAQ Global Select Market closing stock price on July 27, 2016.

7

The following 12 investment firms currently provide equity research coverage on the Company:

• Bank of America Merrill Lynch

• FBR & Co.

• FIG Partners, LLC

• Hovde Group, LLC

• Jefferies & Co., Inc.

• Keefe, Bruyette & Woods, Inc.

• Piper Jaffray & Co.

• Raymond James & Associates, Inc.

• Robert W. Baird & Company

• Sandler O’Neill + Partners, L.P.

• Stephens, Inc.

• SunTrust Robinson-Humphrey

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 Thursday, July 28, 2016, beginning at 8:30 a.m. Central Time by dialing 1-888-317-6003. The confirmation code for the call is 8824131. A replay of the call will be available until midnight Central Time on August 4, 2016 by dialing 1-877-344-7529. The confirmation code for the replay is 10089124. 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.”

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. Non-GAAP measures in this press release include but are not limited to descriptions such as core, tangible, and pre-tax pre-provision. 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. Transactions that are typically excluded from non-GAAP performance measures include realized and unrealized gains/losses on former bank owned real estate, realized gains/losses on securities, income tax gains/losses, merger related charges and recoveries, litigation charges and recoveries, and debt repayment penalties. 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 presented in the supplemental tables at the end of this release. Please refer to the supplemental tables for these reconciliations.

Caution About Forward-Looking Statements

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,

8

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,” “believe,” “expect,” “anticipate,” “intend,” “will,” “should,” “plan,” “estimate,” “predict,” “continue” and “potential” or the negative of these terms or other comparable terminology.

 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, utilization of non-GAAP financial measures, 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, compliance with laws and regulations, 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 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.

9

Table 1 - IBERIABANK CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
		As of and For the Three Months Ended
INCOME DATA:		6/30/2016			3/31/2016			% Change		6/30/2015			% Change
	Net interest income	$	162,753		$	161,403		0.8		$	145,677		11.7
	Net interest income (TE) (1)	165,085			163,764			0.8		147,673			11.8
	Total revenues	227,670			217,248			4.8		207,190			9.9
	Provision for loan losses	11,866			14,905			(20.4	)	8,790			35.0
	Non-interest expense	139,504			137,452			1.5		153,209			(8.9	)
	Net income available to common shareholders	49,956			40,193			24.3		30,836			62.0
PER COMMON SHARE DATA:
	Earnings available to common shareholders - basic	$	1.21		$	0.98		23.5		$	0.79		53.2
	Earnings available to common shareholders - diluted	1.21			0.97			24.7		0.79			53.2
	Core earnings (Non-GAAP) (2)	1.18			1.01			16.8		1.05			12.4
	Book value	61.05			59.93			1.9		57.53			6.1
	Tangible book value (2) (3)	42.53			41.38			2.8		39.00			9.1
	Closing stock price	59.73			51.27			16.5		68.23			(12.5	)
	Cash dividends	0.34			0.34			—		0.34			—
KEY RATIOS AND OTHER DATA (6):
	Net interest margin (TE) (1)	3.61		%	3.64		%			3.52		%
	Efficiency ratio	61.3			63.3					73.9
	Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2) (3)	60.0			60.3					64.4
	Return on average assets	1.00			0.82					0.67
	Return on average common equity	8.05			6.59					5.54
	Core return on average tangible common equity (Non-GAAP) (2)(3)	11.64			10.26					11.14
	Effective tax rate	33.4			34.1					31.8
	Full-time equivalent employees	3,122			3,112					3,215
CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) (2) (3)	9.00		%	8.83		%			8.68		%
	Tangible common equity to risk-weighted assets (3)	10.14			10.14					9.89
	Tier 1 leverage ratio (4)	9.70			9.41					9.24
	Common equity Tier 1 (CET 1) (transitional) (4)	10.06			10.11					9.97
	Common equity Tier 1 (CET 1) (fully phased-in) (4)	9.99			10.02					9.71
	Tier 1 capital (transitional) (4)	10.83			10.56					10.06
	Total risk-based capital ratio (4)	12.44			12.21					11.49
	Common stock dividend payout ratio	28.0			34.9					45.3
	Classified assets to Tier 1 capital	25.1			28.4					20.0

10

ASSET QUALITY RATIOS (LEGACY):
	Non-performing assets to total assets (5)	0.63	%	0.65	%	0.55	%
	Allowance for loan losses to loans	0.89		0.92		0.81
	Net charge-offs to average loans (annualized)	0.38		0.15		0.14
	Non-performing assets to total loans and OREO (5)	0.92		0.96		0.83
(1)	Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 35%, which approximates the marginal tax rate.
(2)	See Table 12 and Table 13 for 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 June 30, 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.

11

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
	6/30/2016			3/31/2016			$		%		12/31/2015			9/30/2015			6/30/2015			$		%
Interest income	$	178,694		$	176,936		1,758		1.0		$	176,651		$	171,077		$	160,545		18,149		11.3
Interest expense	15,941			15,533			408		2.6		15,491			15,960			14,868			1,073		7.2
Net interest income	162,753			161,403			1,350		0.8		161,160			155,117			145,677			17,076		11.7
Provision for loan losses	11,866			14,905			(3,039	)	(20.4	)	11,711			5,062			8,790			3,076		35.0
Net interest income after provision for loan losses	150,887			146,498			4,389		3.0		149,449			150,055			136,887			14,000		10.2
Mortgage income	25,991			19,940			6,051		30.3		16,765			20,628			25,246			745		3.0
Service charges on deposit accounts	10,940			10,951			(11	)	(0.1	)	11,431			11,342			10,162			778		7.7
Title revenue	6,135			4,745			1,390		29.3		5,435			6,627			6,146			(11	)	(0.2	)
Broker commissions	3,712			3,823			(111	)	(2.9	)	4,130			3,839			5,461			(1,749	)	(32.0	)
ATM/debit card fee income	3,650			3,503			147		4.2		3,569			3,562			3,583			67		1.9
Income from bank owned life insurance	1,411			1,202			209		17.4		1,096			1,093			1,075			336		31.3
Gain on sale of available-for-sale securities	1,789			196			1,593		812.8		6			280			903			886		98.1
Other non-interest income	11,289			11,485			(196	)	(1.7	)	10,071			10,107			8,937			2,352		26.3
Total non-interest income	64,917			55,845			9,072		16.2		52,503			57,478			61,513			3,404		5.5
Salaries and employee benefits	85,105			80,742			4,363		5.4		83,455			82,416			84,019			1,086		1.3
Occupancy and equipment	16,813			16,907			(94	)	(0.6	)	16,928			17,987			17,366			(553	)	(3.2	)
Amortization of acquisition intangibles	2,109			2,113			(4	)	(0.2	)	1,795			2,338			2,155			(46	)	(2.1	)
Other non-interest expense	35,477			37,690			(2,213	)	(5.9	)	36,797			42,227			49,669			(14,192	)	(28.6	)
Total non-interest expense	139,504			137,452			2,052		1.5		138,975			144,968			153,209			(13,705	)	(8.9	)
Income before income taxes	76,300			64,891			11,409		17.6		62,977			62,565			45,191			31,109		68.8
Income tax expense	25,490			22,122			3,368		15.2		18,570			20,090			14,355			11,135		77.6
Net income	50,810			42,769			8,041		18.8		44,407			42,475			30,836			19,974		64.8
Preferred stock dividends	854			2,576			(1,722	)	(66.8	)	—			—			—			854		—
Net income available to common shareholders	$	49,956		$	40,193		9,763		24.3		$	44,407		$	42,475		$	30,836		19,120		62.0
Income available to common shareholders - basic	$	49,956		$	40,193		9,763		24.3		$	44,407		$	42,475		$	30,836		19,120		62.0
Earnings allocated to unvested restricted stock	(540		)	(460		)	(80	)	17.4		(505		)	(492		)	(355		)	(185	)	52.1
Income allocated to common shareholders	$	49,416		$	39,733		9,683		24.4		$	43,902		$	41,983		$	30,481		18,935		62.1
Earnings per common share - basic	$	1.21		$	0.98		0.23		23.5		$	1.08		$	1.04		$	0.79		0.42		53.2
Earnings per common share - diluted	1.21			0.97			0.24		24.7		1.08			1.03			0.79			0.42		53.2
Impact of non-core items (Non-GAAP) (1)	(0.03		)	0.04			(0.07	)	(175.0	)	0.03			0.04			0.26			(0.29	)	(111.5	)
Earnings per share - diluted, excluding non-core items (Non-GAAP) (1)	$	1.18		$	1.01		0.17		16.8		$	1.11		$	1.07		$	1.05		0.13		12.4

12

NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	41,232	41,186	46		0.1		40,996	40,995	39,015	2,217		5.7
Weighted average common shares outstanding - diluted	40,908	40,765	143		0.4		40,597	40,614	38,667	2,241		5.8
Book value shares (period end)	41,039	41,232	(193	)	(0.5	)	41,140	41,129	41,117	(78	)	(0.2	)
(1)  See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.

13

Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Dollars in thousands, except per share data)
	For the Six Months Ended
	6/30/2016		6/30/2015		$ Change		% Change
Interest income	$	355,630	$	299,130	56,500		18.9
Interest expense	31,474		27,649		3,825		13.8
Net interest income	324,156		271,481		52,675		19.4
Provision for loan losses	26,771		14,135		12,636		89.4
Net interest income after provision for loan losses	297,385		257,346		40,039		15.6
Mortgage income	45,931		43,269		2,662		6.2
Service charges on deposit accounts	21,891		19,424		2,467		12.7
Title revenue	10,880		10,775		105		1.0
Broker commissions	7,535		9,623		(2,088	)	(21.7	)
ATM/debit card fee income	7,153		6,858		295		4.3
Income from bank owned life insurance	2,613		2,167		446		20.6
Gain on sale of available-for-sale securities	1,985		1,289		696		54.0
Other non-interest income	22,774		17,007		5,767		33.9
Total non-interest income	120,762		110,412		10,350		9.4
Salaries and employee benefits	165,847		156,715		9,132		5.8
Occupancy and equipment	33,720		33,626		94		0.3
Amortization of acquisition intangibles	4,222		3,678		544		14.8
Other non-interest expense	73,167		92,343		(19,176	)	(20.8	)
Total non-interest expense	276,956		286,362		(9,406	)	(3.3	)
Income before income taxes	141,191		81,396		59,795		73.5
Income tax expense	47,612		25,434		22,178		87.2
Net income	93,579		55,962		37,617		67.2
Preferred stock dividends	3,430		—		3,430		—
Net income available to common shareholders	$	90,149	$	55,962	34,187		61.1
Income available to common shareholders - basic	$	90,149	$	55,962	34,187		61.1
Earnings allocated to unvested restricted stock	(1,003)		(675)		(328	)	48.6
Income allocated to common shareholders	$	89,146	$	55,287	33,859		61.2
Earnings per common share - basic	$	2.19	$	1.54	0.65		42.2
Earnings per common share - diluted	2.18		1.54		0.64		41.6
Impact of non-core items (Non-GAAP) (1)	0.01		0.46		(0.45	)	(97.8	)
Earnings per share - diluted, excluding non-core items (Non-GAAP) (1)	$	2.19	$	2.00	0.19		9.5
NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	41,209		36,352		4,857		13.4
Weighted average common shares outstanding - diluted	40,836		35,966		4,870		13.5
Book value shares (period end)	41,039		41,117		(78	)	(0.2	)
(1)  See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.

14

TABLE 4 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
PERIOD-END BALANCES							Linked Qtr Change													Year/Year Change
ASSETS	6/30/2016			3/31/2016			$		%		12/31/2015			9/30/2015			6/30/2015			$		%
Cash and due from banks	$	288,141		$	300,207		(12,066	)	(4.0	)	$	241,650		$	370,657		$	300,257		(12,116	)	(4.0	)
Interest-bearing deposits in other banks	417,157			696,448			(279,291	)	(40.1	)	268,617			311,615			591,018			(173,861	)	(29.4	)
Total cash and cash equivalents	705,298			996,655			(291,357	)	(29.2	)	510,267			682,272			891,275			(185,977	)	(20.9	)
Investment securities available for sale	2,776,015			2,755,425			20,590		0.7		2,800,286			2,827,805			2,413,158			362,857		15.0
Investment securities held to maturity	92,904			96,117			(3,213	)	(3.3	)	98,928			98,330			101,475			(8,571	)	(8.4	)
Total investment securities	2,868,919			2,851,542			17,377		0.6		2,899,214			2,926,135			2,514,633			354,286		14.1
Mortgage loans held for sale	229,653			192,545			37,108		19.3		166,247			202,168			220,765			8,888		4.0
Loans, net of unearned income	14,722,561			14,451,244			271,317		1.9		14,327,428			14,117,019			13,950,563			771,998		5.5
Allowance for loan losses	(147,452		)	(146,557		)	(895	)	0.6		(138,378		)	(130,254		)	(128,149		)	(19,303	)	15.1
Loans, net	14,575,109			14,304,687			270,422		1.9		14,189,050			13,986,765			13,822,414			752,695		5.4
Loss share receivable	29,224			33,564			(4,340	)	(12.9	)	39,878			43,443			50,452			(21,228	)	(42.1	)
Premises and equipment	311,173			314,615			(3,442	)	(1.1	)	323,902			333,273			342,949			(31,776	)	(9.3	)
Goodwill and other intangibles	763,387			768,235			(4,848	)	(0.6	)	765,655			766,589			765,813			(2,426	)	(0.3	)
Other assets	678,092			630,720			47,372		7.5		609,855			593,580			630,627			47,465		7.5
Total assets	$	20,160,855		$	20,092,563		68,292		0.3		$	19,504,068		$	19,534,225		$	19,238,928		921,927		4.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	4,539,254		$	4,484,024		55,230		1.2		$	4,352,229		$	4,392,808		$	4,166,850		372,404		8.9
NOW accounts	2,985,284			2,960,562			24,722		0.8		2,974,176			2,635,021			2,623,697			361,587		13.8
Savings and money market accounts	6,188,245			6,736,146			(547,901	)	(8.1	)	6,727,720			6,999,863			6,925,038			(736,793	)	(10.6	)
Certificates of deposit	2,149,244			2,079,834			69,410		3.3		2,124,623			2,275,373			2,403,956			(254,712	)	(10.6	)
Total deposits	15,862,027			16,260,566			(398,539	)	(2.5	)	16,178,748			16,303,065			16,119,541			(257,514	)	(1.6	)
Short-term borrowings	477,620			195,000			282,620		144.9		110,000			10,000			59,300			418,320		705.4
Securities sold under agreements to repurchase	288,017			303,238			(15,221	)	(5.0	)	216,617			212,460			209,004			79,013		37.8
Trust preferred securities	120,110			120,110			—		—		120,110			120,110			120,110			—		—
Other long-term debt	567,326			478,814			88,512		18.5		220,337			221,863			222,202			345,124		155.3
Other liabilities	208,158			186,926			21,232		11.4		159,421			183,526			143,487			64,671		45.1
Total liabilities	17,523,258			17,544,654			(21,396	)	(0.1	)	17,005,233			17,051,024			16,873,644			649,614		3.8
Total shareholders' equity	2,637,597			2,547,909			89,688		3.5		2,498,835			2,483,201			2,365,284			272,313		11.5
Total liabilities and shareholders' equity	$	20,160,855		$	20,092,563		68,292		0.3		$	19,504,068		$	19,534,225		$	19,238,928		921,927		4.8

15

TABLE 4 Continued - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
AVERAGE BALANCES					Linked Qtr Change										Year/Year Change
ASSETS	6/30/2016		3/31/2016		$		%		12/31/2015		9/30/2015		6/30/2015		$		%
Cash and due from banks	$	304,304	$	292,476	11,828		4.0		$	352,854	$	327,370	$	263,844	40,460		15.3
Interest-bearing deposits in other banks	386,139		365,709		20,430		5.6		319,302		682,764		582,032		(195,893	)	(33.7	)
Total cash and cash equivalents	690,443		658,185		32,258		4.9		672,156		1,010,134		845,876		(155,433	)	(18.4	)
Investment securities available for sale	2,823,292		2,797,320		25,972		0.9		2,829,825		2,660,423		2,417,002		406,290		16.8
Investment securities held to maturity	94,609		97,391		(2,782	)	(2.9	)	100,113		99,864		106,871		(12,262	)	(11.5	)
Total investment securities	2,917,901		2,894,711		23,190		0.8		2,929,938		2,760,287		2,523,873		394,028		15.6
Mortgage loans held for sale	211,468		160,873		50,595		31.5		169,616		200,895		202,691		8,777		4.3
Loans, net of unearned income	14,570,945		14,354,410		216,535		1.5		14,185,150		14,009,601		13,297,724		1,273,221		9.6
Allowance for loan losses	(149,037)		(141,393)		(7,644	)	5.4		(135,209)		(130,367)		(129,069)		(19,968	)	15.5
Loans, net	14,421,908		14,213,017		208,891		1.5		14,049,941		13,879,234		13,168,655		1,253,253		9.5
Loss share receivable	32,189		37,360		(5,171	)	(13.8	)	41,205		47,190		55,751		(23,562	)	(42.3	)
Premises and equipment	313,862		322,086		(8,224	)	(2.6	)	329,604		339,860		341,829		(27,967	)	(8.2	)
Goodwill and other intangibles	764,818		765,898		(1,080	)	(0.1	)	766,664		766,712		708,085		56,733		8.0
Other assets	651,328		609,181		42,147		6.9		592,042		599,758		598,526		52,802		8.8
Total assets	$	20,003,917	$	19,661,311	342,606		1.7		$	19,551,166	$	19,604,070	$	18,445,286	1,558,631		8.5
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	4,463,928	$	4,388,259	75,669		1.7		$	4,459,980	$	4,265,912	$	3,933,468	530,460		13.5
NOW accounts	2,911,510		2,859,940		51,570		1.8		2,720,128		2,655,069		2,639,140		272,370		10.3
Savings and money market accounts	6,486,242		6,598,838		(112,596	)	(1.7	)	6,899,090		7,104,789		6,228,052		258,190		4.1
Certificates of deposit	2,117,711		2,098,032		19,679		0.9		2,213,557		2,343,794		2,331,537		(213,826	)	(9.2	)
Total deposits	15,979,391		15,945,069		34,322		0.2		16,292,755		16,369,564		15,132,197		847,194		5.6
Short-term borrowings	358,837		277,374		81,463		29.4		16,109		41,033		225,437		133,400		59.2
Securities sold under agreements to repurchase	265,465		217,296		48,169		22.2		224,255		221,217		236,305		29,160		12.3
Trust preferred securities	120,110		120,110		—		—		120,110		120,110		114,581		5,529		4.8
Other long-term debt	473,195		403,393		69,802		17.3		220,913		222,906		332,167		141,028		42.5
Other liabilities	203,050		167,810		35,240		21.0		186,382		206,030		172,473		30,577		17.7
Total liabilities	17,400,048		17,131,052		268,996		1.6		17,060,524		17,180,860		16,213,160		1,186,888		7.3
Total shareholders' equity	2,603,869		2,530,259		73,610		2.9		2,490,642		2,423,210		2,232,126		371,743		16.7
Total liabilities and shareholders' equity	$	20,003,917	$	19,661,311	342,606		1.7		$	19,551,166	$	19,604,070	$	18,445,286	1,558,631		8.5

16

Table 5 - IBERIABANK CORPORATION
TOTAL LOANS AND ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
LOANS	6/30/2016			3/31/2016			$		%		12/31/2015			9/30/2015			6/30/2015			$		%
Commercial loans:
Real estate	$	6,472,001		$	6,230,628		241,373		3.9		$	6,073,511		$	5,979,751		$	5,853,751		618,250		10.6
Commercial and Industrial	3,435,809			3,374,382			61,427		1.8		3,444,578			3,302,971			3,216,906			218,903		6.8
Energy-related (Real Estate and Commercial and Industrial) (1)	662,034			731,662			(69,628	)	(9.5	)	680,766			719,456			787,568			(125,534	)	(15.9	)
Total commercial loans	10,569,844			10,336,672			233,172		2.3		10,198,855			10,002,178			9,858,225			711,619		7.2
Residential mortgage loans	1,249,062			1,208,391			40,671		3.4		1,195,319			1,189,941			1,169,608			79,454		6.8
Consumer loans:
Home equity	2,129,812			2,091,514			38,298		1.8		2,066,167			2,015,687			1,971,073			158,739		8.1
Indirect automobile	182,223			213,179			(30,956	)	(14.5	)	246,298			281,649			322,958			(140,735	)	(43.6	)
Automobile	156,597			164,868			(8,271	)	(5.0	)	169,571			172,947			173,924			(17,327	)	(10.0	)
Credit card	78,552			76,756			1,796		2.3		77,843			77,284			74,314			4,238		5.7
Other	356,471			359,864			(3,393	)	(0.9	)	373,375			377,333			380,461			(23,990	)	(6.3	)
Total consumer loans	2,903,655			2,906,181			(2,526	)	(0.1	)	2,933,254			2,924,900			2,922,730			(19,075	)	(0.7	)
Total loans	$	14,722,561		$	14,451,244		271,317		1.9		$	14,327,428		$	14,117,019		$	13,950,563		771,998		5.5
Allowance for loan losses	$	(147,452	)	$	(146,557	)	(895	)	0.6		$	(138,378	)	$	(130,254	)	$	(128,149	)	(19,303	)	15.1
Loans, net	14,575,109			14,304,687			270,422		1.9		14,189,050			13,986,765			13,822,414			752,695		5.4
Reserve for unfunded commitments	(13,826		)	(14,033		)	207		(1.5	)	(14,145		)	(14,525		)	(13,244		)	(582	)	4.4
Allowance for credit losses	(161,278		)	(160,590		)	(688	)	0.4		(152,523		)	(144,779		)	(141,393		)	(19,885	)	14.1
ASSET QUALITY DATA (2)
Non-accrual loans	$	173,312		$	182,757		(9,445	)	(5.2	)	$	154,425		$	165,022		$	192,385		(19,073	)	(9.9	)
Other real estate owned and foreclosed assets	27,220			31,411			(4,191	)	(13.3	)	34,131			40,450			49,929			(22,709	)	(45.5	)
Accruing loans more than 90 days past due	1,580			1,068			512		47.9		1,970			2,994			4,607			(3,027	)	(65.7	)
Total non-performing assets	$	202,112		$	215,236		(13,124	)	(6.1	)	$	190,526		$	208,466		$	246,921		(44,809	)	(18.1	)
Loans 30-89 days past due	$	58,852		$	59,074		(222	)	(0.4	)	$	35,579		$	25,306		$	39,005		19,847		50.9
Non-performing assets to total assets	1.00		%	1.07		%					0.98		%	1.07		%	1.28		%
Non-performing assets to total loans and OREO	1.37			1.49							1.33			1.47			1.76
Allowance for loan losses to non-performing loans (3)	84.3			79.7							88.5			77.5			65.1
Allowance for loan losses to non-performing assets	73.0			68.1							72.6			62.5			51.9
Allowance for loan losses to total loans	1.00			1.01							0.97			0.92			0.92

17

Quarter-to-date charge-offs	$	12,994		$	5,560		7,434	133.7		$	4,277		$	5,245		$	4,808		8,186		170.3
Quarter-to-date recoveries	(1,071		)	(1,551		)	480	(30.9	)	(1,358		)	(2,790		)	(1,034		)	(37	)	3.6
Quarter-to-date net charge-offs	$	11,923		$	4,009		7,914	197.4		$	2,919		$	2,455		$	3,774		8,149		215.9
Net charge-offs to average loans (annualized)	0.33		%	0.11		%				0.08		%	0.07		%	0.11		%
(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.

18

Table 6 - IBERIABANK CORPORATION
LEGACY LOANS AND LEGACY ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
LEGACY LOANS	6/30/2016			3/31/2016			$		%		12/31/2015			9/30/2015			6/30/2015			$		%
Commercial loans:
Real estate	$	5,097,689		$	4,771,690		325,999		6.8		$	4,504,062		$	4,321,723		$	4,105,592		992,097		24.2
Commercial and Industrial	3,027,590			2,926,686			100,904		3.4		2,952,102			2,779,503			2,650,799			376,791		14.2
Energy-related (Real Estate and Commercial and Industrial) (1)	659,510			728,778			(69,268	)	(9.5	)	677,177			713,935			782,312			(122,802	)	(15.7	)
Total commercial loans	8,784,789			8,427,154			357,635		4.2		8,133,341			7,815,161			7,538,703			1,246,086		16.5
Residential mortgage loans	794,701			730,621			64,080		8.8		694,023			660,543			616,497			178,204		28.9
Consumer loans:
Home equity	1,695,113			1,625,812			69,301		4.3		1,575,643			1,488,796			1,399,005			296,108		21.2
Indirect automobile	182,199			213,141			(30,942	)	(14.5	)	246,214			281,522			322,767			(140,568	)	(43.6	)
Automobile	146,394			153,732			(7,338	)	(4.8	)	157,579			159,928			159,778			(13,384	)	(8.4	)
Credit card	78,044			76,247			1,797		2.4		77,261			76,716			73,726			4,318		5.9
Other	303,609			301,990			1,619		0.5		306,459			296,592			285,077			18,532		6.5
Total consumer loans	2,405,359			2,370,922			34,437		1.5		2,363,156			2,303,554			2,240,353			165,006		7.4
Total loans	$	11,984,849		$	11,528,697		456,152		4.0		$	11,190,520		$	10,779,258		$	10,395,553		1,589,296		15.3
Allowance for loan losses	$	(106,861	)	$	(105,574	)	(1,287	)	1.2		$	(93,808	)	$	(86,400	)	$	(83,723	)	(23,138	)	27.6
Loans, net	11,877,988			11,423,123			454,865		4.0		11,096,712			10,692,858			10,311,830			1,566,158		15.2
Reserve for unfunded commitments	(13,826		)	(14,033		)	207		(1.5	)	(14,145		)	(14,525		)	(13,244		)	(582	)	4.4
Allowance for credit losses	(120,687		)	(119,607		)	(1,080	)	0.9		(107,953		)	(100,925		)	(96,967		)	(23,720	)	24.5
ASSET QUALITY DATA (2)
Non-accrual loans	$	95,096		$	93,429		1,667		1.8		$	50,928		$	51,274		$	62,739		32,357		51.6
Other real estate owned and foreclosed assets	14,478			17,662			(3,184	)	(18.0	)	16,491			17,062			20,028			(5,550	)	(27.7	)
Accruing loans more than 90 days past due	353			125			228		182.4		624			1,521			3,584			(3,231	)	(90.2	)
Total non-performing assets	$	109,927		$	111,216		(1,289	)	(1.2	)	$	68,043		$	69,857		$	86,351		23,576		27.3
Loans 30-89 days past due	$	45,906		$	42,454		3,452		8.1		$	20,109		$	15,718		$	14,985		30,921		206.3
Non-performing assets to total assets	0.63		%	0.65		%					0.42		%	0.43		%	0.55		%
Non-performing assets to total loans and OREO	0.92			0.96							0.61			0.65			0.83
Allowance for loan losses to non-performing loans (3)	112.0			112.9							182.0			163.7			126.2
Allowance for loan losses to non-performing assets	97.2			94.9							137.9			123.7			97.0
Allowance for loan losses to total loans	0.89			0.92							0.84			0.80			0.81

19

Quarter-to-date charge-offs	$	11,969		$	5,389		6,580	122.1		$	3,705		$	4,958		$	4,446		7,523	169.2
Quarter-to-date recoveries	(775		)	(1,247		)	472	(37.9	)	(1,145		)	(2,524		)	(941		)	166	(17.6	)
Quarter-to-date net charge-offs	$	11,194		$	4,142		7,052	170.3		$	2,560		$	2,434		$	3,505		7,689	219.4
Net charge-offs to average loans (annualized)	0.38		%	0.15		%				0.09		%	0.09		%	0.14		%
(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.

20

Table 7 - IBERIABANK CORPORATION
ACQUIRED LOANS AND ACQUIRED ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
ACQUIRED LOANS (1)	6/30/2016			3/31/2016			$		%		12/31/2015			9/30/2015			6/30/2015			$		%
Commercial loans:
Real estate	$	1,374,312		$	1,458,938		(84,626	)	(5.8	)	$	1,569,449		$	1,658,028		$	1,748,159		(373,847	)	(21.4	)
Commercial and Industrial	408,219			447,696			(39,477	)	(8.8	)	492,476			523,468			566,107			(157,888	)	(27.9	)
Energy-related (Real Estate and Commercial and Industrial) (2)	2,524			2,884			(360	)	(12.5	)	3,589			5,521			5,256			(2,732	)	(52.0	)
Total commercial loans	1,785,055			1,909,518			(124,463	)	(6.5	)	2,065,514			2,187,017			2,319,522			(534,467	)	(23.0	)
Residential mortgage loans	454,361			477,770			(23,409	)	(4.9	)	501,296			529,398			553,111			(98,750	)	(17.9	)
Consumer loans:
Home equity	434,699			465,702			(31,003	)	(6.7	)	490,524			526,891			572,068			(137,369	)	(24.0	)
Indirect automobile	24			38			(14	)	(36.8	)	84			127			191			(167	)	(87.4	)
Automobile	10,203			11,136			(933	)	(8.4	)	11,992			13,019			14,146			(3,943	)	(27.9	)
Credit card	508			509			(1	)	(0.2	)	582			568			588			(80	)	(13.6	)
Other	52,862			57,874			(5,012	)	(8.7	)	66,916			80,741			95,384			(42,522	)	(44.6	)
Total consumer loans	498,296			535,259			(36,963	)	(6.9	)	570,098			621,346			682,377			(184,081	)	(27.0	)
Total loans	$	2,737,712		$	2,922,547		(184,835	)	(6.3	)	$	3,136,908		$	3,337,761		$	3,555,010		(817,298	)	(23.0	)
Allowance for loan losses	$	(40,591	)	$	(40,983	)	392		(1.0	)	$	(44,570	)	$	(43,854	)	$	(44,426	)	3,835		(8.6	)
Loans, net	2,697,121			2,881,564			(184,443	)	(6.4	)	3,092,338			3,293,907			3,510,584			(813,463	)	(23.2	)
ACQUIRED ASSET QUALITY DATA (1) (3)
Non-accrual loans	$	78,216		$	89,328		(11,112	)	(12.4	)	$	103,497		$	113,748		$	129,646		(51,430	)	(39.7	)
Other real estate owned and foreclosed assets	12,742			13,749			(1,007	)	(7.3	)	17,640			23,388			29,901			(17,159	)	(57.4	)
Accruing loans more than 90 days past due	1,227			943			284		30.1		1,346			1,473			1,023			204		19.9
Total non-performing assets	$	92,185		$	104,020		(11,835	)	(11.4	)	$	122,483		$	138,609		$	160,570		(68,385	)	(42.6	)
Loans 30-89 days past due	$	12,946		$	16,620		(3,674	)	(22.1	)	$	15,470		$	9,588		$	24,020		(11,074	)	(46.1	)
Non-performing assets to total assets	3.35		%	3.50		%					3.84		%	4.07		%	4.42		%
Non-performing assets to total loans and OREO	3.35			3.54							3.88			4.12			4.48
Allowance for loan losses to non-performing loans	51.1			45.4							42.5			38.1			34.0
Allowance for loan losses to non-performing assets	44.0			39.4							36.4			31.6			27.7
Allowance for loan losses to total loans	1.48			1.40							1.42			1.31			1.25
Quarter-to-date charge-offs	$	1,025		$	171		854		499.4		$	572		287			$	362		663		183.1
Quarter-to-date recoveries	(296		)	(304		)	8		(2.6	)	(213		)	(266		)	(93		)	(203	)	218.3
Quarter-to-date net charge-offs/(recoveries)	$	729		$	(133	)	862		(648.1	)	$	359		$	21		$	269		460		171.0
Net charge-offs/(recoveries) to average loans (annualized)	0.10		%	(0.02		)%					0.04		%	0.00		%	0.03		%

21

(1) For purposes of this table, acquired loans and acquired non-performing assets are presented only. Non-performing assets include all loans meeting non-performing asset criteria.

(2) 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.

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

22

Table 8 - IBERIABANK CORPORATION
ENERGY-RELATED LOANS AND ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
ENERGY-RELATED LOANS (1)	6/30/2016			3/31/2016			$		%		12/31/2015			9/30/2015			6/30/2015			$		%
E&P	$	328,066		$	369,725		(41,659	)	(11.3	)	$	314,381		$	335,837		$	380,462		(52,396	)	(13.8	)
Midstream	123,687			130,556			(6,869	)	(5.3	)	116,623			122,863			143,985			(20,298	)	(14.1	)
Service	210,281			231,381			(21,100	)	(9.1	)	249,762			260,756			263,121			(52,840	)	(20.1	)
Total loans	$	662,034		$	731,662		(69,628	)	(9.5	)	$	680,766		$	719,456		$	787,568		(125,534	)	(15.9	)
E&P	$	572,267		$	677,258		(104,991	)	(15.5	)	$	717,109		$	753,505		$	800,035		(227,768	)	(28.5	)
Midstream	201,555			206,504			(4,949	)	(2.4	)	204,326			200,893			244,086			(42,531	)	(17.4	)
Service	295,591			329,282			(33,691	)	(10.2	)	369,751			422,324			454,708			(159,117	)	(35.0	)
Total commitments	$	1,069,413		$	1,213,044		(143,631	)	(11.8	)	$	1,291,186		$	1,376,722		$	1,498,829		(429,416	)	(28.7	)
Total loans	$	14,722,561		$	14,451,244		271,317		1.9		$	14,327,428		$	14,117,019		$	13,950,563		771,998		5.5
Energy outstandings as a % of total loans	4.5		%	5.1		%					4.8		%	5.1		%	5.6		%
Energy commitments as a % of total commitments	5.4		%	6.3		%					6.8		%	7.4		%	8.1		%
Allowance for loan losses	$	(33,040	)	$	(38,495	)	5,455		(14.2	)	$	(23,987	)	$	(15,335	)	$	(12,177	)	(20,863	)	171.3
Reserve for unfunded commitments	(2,223		)	(903		)	(1,320	)	146.2		(2,666		)	(3,633		)	$	(2,905	)	682		(23.5	)
Allowance for credit losses	(35,263		)	(39,398		)	4,135		(10.5	)	(26,653		)	(18,968		)	(15,082		)	(20,181	)	133.8
ASSET QUALITY DATA (2)
Non-accrual loans	$	60,814		$	46,233		14,581		31.5		$	8,449		$	4,870		$	1,329		59,485		N/M
Other real estate owned and foreclosed assets	—			—			—		—		—			—			—			—		—
Accruing loans more than 90 days past due	—			—			—		—		—			—			3,434			(3,434	)	(100.0	)
Total non-performing assets	$	60,814		$	46,233		14,581		31.5		$	8,449		$	4,870		$	4,763		56,051		N/M
Loans 30-89 days past due	$	3,055		$	—		3,055		100.0		$	15		$	477		$	—		3,055		100.0
Non-performing assets to total loans and OREO	9.19		%	6.32		%					1.24		%	0.68		%	0.60		%
Allowance for loan losses to non-performing loans (3)	54.3			83.3							283.9			314.9			255.7

23

Allowance for loan losses to non-performing assets	54.3			83.3			283.9			314.9			255.7
Allowance for loan losses to total loans	4.99			5.26			3.52			2.13			1.55
Quarter-to-date charge-offs	$	7,715		$	—		$	—		$	—		$	—
Quarter-to-date recoveries	—			—			—			—			—
Quarter-to-date net charge-offs	$	7,715		$	—		$	—		$	—		$	—
Net charge-offs to average loans (annualized)	4.44		%	0.00		%	0.00		%	0.00		%	0.00		%
(1) For purposes of this table, energy-related loans generally include loans with specific NAICS codes.
(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.
N/M = not meaningful

24

TABLE 9 - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Three Months Ended
	6/30/2016								3/31/2016							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)	$	10,458,822		$	114,588		4.39	%	$	10,250,555	$	113,417		4.43	%	(4)
Residential mortgage loans	1,221,254			13,781			4.51		1,202,692		13,429			4.47		4
Consumer loans	2,890,869			37,200			5.18		2,901,163		37,145			5.15		3
Total loans (TE) (1)	14,570,945			165,569			4.55		14,354,410		163,991			4.58		(3)
Loss share receivable	32,189			(4,163		)	(51.16	)	37,360		(4,386		)	(46.44	)	(472)
Total loans and loss share receivable	14,603,134			161,406			4.43		14,391,770		159,605			4.45		(2)
Mortgage loans held for sale	211,468			1,850			3.50		160,873		1,401			3.48		2
Investment securities (2)	2,856,805			14,663			2.18		2,866,974		15,212			2.25		(7)
Other earning assets	483,597			775			0.64		453,737		718			0.64		—
Total earning assets	18,155,004			178,694			3.97		17,873,354		176,936			3.99		(2)
Allowance for loan losses	(149,037		)						(141,393)
Non-earning assets	1,997,950								1,929,350
Total assets	$	20,003,917							$	19,661,311
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	2,911,510		2,080			0.29		$	2,859,940	1,940			0.27		2
Savings and money market accounts	6,486,242			5,527			0.34		6,598,838		5,640			0.34		—
Certificates of deposit	2,117,711			4,309			0.82		2,098,032		4,354			0.83		(1)
Total interest-bearing deposits (3)	11,515,463			11,916			0.42		11,556,810		11,934			0.42		—
Short-term borrowings	624,302			662			0.42		494,670		485			0.39		3
Long-term debt	593,305			3,363			2.24		523,503		3,114			2.35		(11)
Total interest-bearing liabilities	12,733,070			15,941			0.50		12,574,983		15,533			0.49		1
Non-interest-bearing deposits	4,463,928								4,388,259
Non-interest-bearing liabilities	203,050								167,810
Total liabilities	17,400,048								17,131,052
Total shareholders' equity	2,603,869								2,530,259
Total liabilities and shareholders' equity	$	20,003,917							$	19,661,311
Net interest income/Net interest spread				$	162,753		3.47	%			$	161,403		3.50	%	(3)
Tax-equivalent benefit				2,332			0.05				2,361			0.05		—
Net interest income (TE)/Net interest margin (TE) (1)				$	165,085		3.61	%			$	163,764		3.64	%	(3)
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 35%, which approximates the marginal tax rate. .
(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 June 30, 2016 and March 31, 2016 total 0.30% for both periods.

25

TABLE 9 Continued - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Three Months Ended
	12/31/2015						9/30/2015						6/30/2015
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)	$	10,062,680	$	114,153	4.50	%	$	9,915,593	$	110,282	4.41	%	$	9,277,141	$	103,272	4.46	%
Residential mortgage loans	1,193,488		12,819		4.30		1,180,725		13,156		4.46		1,187,166		14,379		4.84
Consumer loans	2,928,982		36,553		4.95		2,913,283		36,477		4.97		2,833,417		35,684		5.05
Total loans (TE) (1)	14,185,150		163,525		4.57		14,009,601		159,915		4.53		13,297,724		153,335		4.62
Loss share receivable	41,205		(4,490)		(42.63)		47,190		(5,600)		(46.43)		55,751		(7,398)		(52.50)
Total loans and loss share receivable	14,226,355		159,035		4.44		14,056,791		154,315		4.36		13,353,475		145,937		4.38
Mortgage loans held for sale	169,616		1,422		3.35		200,895		1,847		3.68		202,691		1,380		2.72
Investment securities (2)	2,901,388		15,149		2.21		2,697,617		13,729		2.16		2,469,050		12,191		2.08
Other earning assets	390,571		1,045		1.06		756,277		1,186		0.62		663,071		1,037		0.63
Total earning assets	17,687,930		176,651		3.99		17,711,580		171,077		3.86		16,688,287		160,545		3.87
Allowance for loan losses	(135,209)						(130,367)						(129,069)
Non-earning assets	1,998,445						2,022,857						1,886,068
Total assets	$	19,551,166					$	19,604,070					$	18,445,286
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	2,720,128	1,861		0.27		$	2,655,069	1,725		0.26		$	2,639,140	1,765		0.27
Savings and money market accounts	6,899,090		6,172		0.35		7,104,789		6,459		0.36		6,228,052		5,058		0.33
Certificates of deposit	2,213,557		4,727		0.85		2,343,794		5,040		0.85		2,331,537		4,959		0.85
Total interest-bearing deposits (3)	11,832,775		12,760		0.43		12,103,652		13,224		0.43		11,198,729		11,782		0.42
Short-term borrowings	240,365		98		0.16		262,250		116		0.17		461,742		220		0.19
Long-term debt	341,022		2,633		3.02		343,016		2,620		2.99		446,748		2,866		2.54
Total interest-bearing liabilities	12,414,162		15,491		0.49		12,708,918		15,960		0.50		12,107,219		14,868		0.49
Non-interest-bearing deposits	4,459,980						4,265,912						3,933,468
Non-interest-bearing liabilities	186,382						206,030						172,473
Total liabilities	17,060,524						17,180,860						16,213,160
Total shareholders' equity	2,490,642						2,423,210						2,232,126
Total liabilities and shareholders' equity	$	19,551,166					$	19,604,070					$	18,445,286
Net interest income/Net interest spread			$	161,160	3.50	%			$	155,117	3.36	%			$	145,677	3.38	%
Tax-equivalent benefit			2,384		0.05				2,185		0.05				1,996		0.05
Net interest income (TE)/Net interest margin (TE) (1)			$	163,544	3.64	%			$	157,302	3.50	%			$	147,673	3.52	%
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 35%, which approximates the marginal tax rate.
(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 December 31, 2015, September 30, 2015, and June 30, 2015 total 0.31%, 0.32% and 0.31%, respectively.

26

TABLE 10 - IBERIABANK CORPORATION
YEAR-TO-DATE AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Six Months Ended
	6/30/2016								6/30/2015							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)	$	10,354,688		$	228,005		4.41	%	$	8,583,814	$	186,916		4.39	%	2
Residential mortgage loans	1,211,973			27,210			4.49		1,143,584		27,974			4.89		(40)
Consumer loans	2,896,016			74,345			5.16		2,708,227		68,636			5.11		5
Total loans (TE) (1)	14,462,677			329,560			4.57		12,435,625		283,526			4.59		(2)
Loss share receivable	34,775			(8,549		)	(48.63	)	60,929		(13,411		)	(43.78	)	(485)
Total loans and loss share receivable	14,497,452			321,011			4.44		12,496,554		270,115			4.36		8
Mortgage loans held for sale	186,170			3,251			3.49		168,189		2,895			3.44		5
Investment securities (2)	2,861,890			29,875			2.21		2,388,733		24,287			2.15		6
Other earning assets	468,667			1,493			0.64		533,505		1,833			0.69		(5)
Total earning assets	18,014,179			355,630			3.98		15,586,981		299,130			3.88		10
Allowance for loan losses	(145,215		)						(128,795)
Non-earning assets	1,963,650								1,750,135
Total assets	$	19,832,614							$	17,208,321
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	2,885,726		4,021			0.28		$	2,552,431	3,317			0.26		2
Savings and money market accounts	6,542,540			11,166			0.34		5,534,999		8,432			0.31		3
Certificates of deposit	2,107,871			8,663			0.83		2,241,492		9,371			0.84		(1)
Total interest-bearing deposits (3)	11,536,137			23,850			0.42		10,328,922		21,120			0.41		1
Short-term borrowings	559,486			1,147			0.41		603,612		583			0.19		22
Long-term debt	558,404			6,477			2.29		435,186		5,946			2.72		(43)
Total interest-bearing liabilities	12,654,027			31,474			0.50		11,367,720		27,649			0.49		1
Non-interest-bearing deposits	4,426,093								3,624,628
Non-interest-bearing liabilities	185,430								154,077
Total liabilities	17,265,550								15,146,425
Total shareholders' equity	2,567,064								2,061,896
Total liabilities and shareholders' equity	$	19,832,614							$	17,208,321
Net interest income/Net interest spread				$	324,156		3.48	%			$	271,481		3.39	%	9
Tax-equivalent benefit				4,692			0.05				4,036			0.05		—
Net interest income (TE)/Net interest margin (TE) (1)				$	328,848		3.63	%			$	275,517		3.53	%	10
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 35%, which approximates the marginal tax rate.
(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 six months ended June 30, 2016 and 2015 total 0.30% and 0.31%, respectively.

27

Table 11 - IBERIABANK CORPORATION
LEGACY AND ACQUIRED LOAN PORTFOLIO VOLUMES AND YIELDS
(Dollars in millions)
	For the Three Months Ended
	6/30/2016							3/31/2016							12/31/2015							9/30/2015							6/30/2015
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	$	118		$	11,737	4.00	%	$	115		$	11,319	4.02	%	$	109		$	10,949	3.92	%	$	105		$	10,571	3.90	%	$	99		$	10,147	3.88	%
Acquired loans (1)	43			2,866		6.01		45			3,073		5.84		50			3,277		5.97		49			3,486		5.59		47			3,206		5.82
Total loans	$	161		$	14,603	4.45	%	$	160		$	14,392	4.46	%	$	159		$	14,226	4.44	%	$	154		$	14,057	4.36	%	$	146		$	13,353	4.38	%
	6/30/2016							3/31/2016							12/31/2015							9/30/15							6/30/2015
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)	(9		)	84		(1.33	)	(7		)	86		(1.04	)	(11		)	87		(1.41	)	(8		)	92		(0.90	)	(9		)	85		(1.23	)
Total loans	$	(9	)	$	84	(0.26	)%	$	(7	)	$	86	(0.21	)%	$	(11	)	$	87	(0.33	)%	$	(8	)	$	92	(0.24	)%	$	(9	)	$	85	(0.30	)%
	6/30/2016							3/31/2016							12/31/2015							9/30/15							6/30/2015
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	$	118		$	11,737	4.00	%	$	115		$	11,319	4.02	%	$	109		$	10,949	3.92	%	$	105		$	10,571	3.90	%	$	99		$	10,147	3.88	%
Acquired loans (1)	34			2,950		4.68		38			3,159		4.80		39			3,364		4.56		41			3,578		4.69		38			3,291		4.58
Total loans	$	152		$	14,687	4.19	%	$	153		$	14,478	4.25	%	$	148		$	14,313	4.11	%	$	146		$	14,149	4.12	%	$	137		$	13,438	4.08	%
(1) Acquired loans include the impact of the FDIC Indemnification Asset.

28

Table 12 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
	For the Three Months Ended
	6/30/2016									3/31/2016									12/31/2015
	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)	$	76,300		$	49,956		$	1.21		$	64,891		$	40,193		$	0.97		$	62,977		$	44,407		$	1.08
Non-interest income adjustments:
Gain on sale of investments and other non-interest income	(1,789		)	(1,163		)	(0.03		)	(196		)	(127		)	—			(157		)	(102		)	—
Non-interest expense adjustments:
Merger-related expense	—			—			—			3			2			—			(166		)	(108		)	—
Severance expense	140			91			—			454			295			0.01			1,842			1,197			0.03
Impairment of long-livedassets, net of (gain) loss on sale	(1,256		)	(816		)	(0.02		)	1,044			679			0.01			3,396			2,207			0.05
Other non-core non-interest expense	1,177			765			0.02			1,091			709			0.02			(208		)	(135		)	—
Total non-interest expense adjustments	61			40			—			2,592			1,685			0.04			4,864			3,161			0.08
Income tax benefits	—			—			—			—			—			—			—			(2,041		)	(0.05		)
Core earnings (Non-GAAP)	74,572			48,833			1.18			67,287			41,751			1.01			67,684			45,425			1.11
Provision for loan losses	11,866			7,712			0.19			14,905			9,688			0.24			11,711			7,612			0.19
Core pre-provision earnings (Non-GAAP)	$	86,438		$	56,545		$	1.37		$	82,192		$	51,439		$	1.25		$	79,395		$	53,037		$	1.30
	For the Three Months Ended
	9/30/2015									6/30/2015
	Pre-tax			After-tax (1)			Per share (2)			Pre-tax			After-tax (1)			Per share (2)
Net income available to common shareholders (GAAP)	$	62,565		$	42,475		$	1.03		$	45,191		$	30,836		$	0.79
Non-interest income adjustments:
Gain on sale of investments and other non-interest income	(2,221		)	(1,444		)	(0.04		)	(1,266		)	(823		)	(0.02		)
Non-interest expense adjustments:
Merger-related expense	2,212			1,438			0.04			12,732			8,392			0.22
Severance expense	304			198			—			406			264			0.01
Impairment of long-lived assets, net of (gain) loss on sale	1,713			1,113			0.03			1,571			1,021			0.03
Other non-core non-interest expense	242			157			—			2,050			1,333			0.03
Total non-interest expense adjustments	4,471			2,906			0.07			16,759			11,010			0.29
Income tax benefits	—			—			—			—			—			—
Core earnings (Non-GAAP)	64,815			43,937			1.07			60,684			41,023			1.05
Provision for loan losses	5,062			3,291			0.08			8,790			5,713			0.15
Core pre-provision earnings (Non-GAAP)	$	69,877		$	47,228		$	1.15		$	69,474		$	46,736		$	1.20
(1) After-tax amounts calculated using a tax rate of 35%, which approximates the marginal tax rate.
(2) Diluted per share amounts may not appear to foot due to rounding.

29

Table 12 Continued - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
	For the Six Months Ended
	6/30/2016									6/30/2015
	Pre-tax			After-tax (1)			Per share (2)			Pre-tax			After-tax (1)			Per share (2)
Net income available to common shareholders (GAAP)	$	141,191		$	90,149		$	2.18		$	81,396		$	55,962		$	1.54
Non-interest income adjustments:
Gain on sale of investments and other non-interest income	(1,985		)	(1,290		)	(0.03		)	(1,655		)	(1,075		)	(0.03		)
Non-interest expense adjustments:
Merger-related expense	3			2			—			22,028			14,531			0.40
Severance expense	594			386			0.01			447			291			0.01
Impairment of long-lived assets, net of (gain) loss on sale	(212		)	(137		)	(0.01		)	2,150			1,397			0.04
Other non-core non-interest expense	2,268			1,474			0.04			2,500			1,625			0.05
Total non-interest expense adjustments	2,653			1,725			0.04			27,125			17,844			0.50
Income tax benefits	—			—			—			—			—			—
Core earnings (Non-GAAP)	141,859			90,584			2.19			106,866			72,731			2.00
Provision for loan losses	26,771			17,400			0.43			14,135			9,188			0.26
Core pre-provision earnings (Non-GAAP)	$	168,630		$	107,984		$	2.62		$	121,001		$	81,919		$	2.26
(1) After-tax amounts calculated using a tax rate of 35%, which approximates the marginal tax rate.
(2) Diluted per share amounts may not appear to foot due to rounding.

30

Table 13 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
	For the Three Months Ended
	6/30/2016			3/31/2016			12/31/2015			9/30/2015			6/30/2015
Net interest income (GAAP)	$	162,753		$	161,403		$	161,160		$	155,117		$	145,677
Add: Effect of tax benefit on interest income	2,332			2,361			2,384			2,185			1,996
Net interest income (TE) (Non-GAAP) (1)	165,085			163,764			163,544			157,302			147,673
Non-interest income (GAAP)	64,917			55,845			52,503			57,478			61,513
Add: Effect of tax benefit on non-interest income	760			647			590			589			579
Non-interest income (TE) (Non-GAAP) (1)	65,677			56,492			53,093			58,067			62,092
Taxable equivalent revenues (Non-GAAP) (1)	230,762			220,256			216,637			215,369			209,765
Securities gains and other non-interest income	(1,789		)	(196		)	(157		)	(2,221		)	(1,266		)
Core taxable equivalent revenues (Non-GAAP) (1)	$	228,973		$	220,060		$	216,480		$	213,148		$	208,499
Total non-interest expense (GAAP)	$	139,504		$	137,452		$	138,975		$	144,968		$	153,209
Less: Intangible amortization expense	2,109			2,113			1,795			2,338			2,155
Tangible non-interest expense (Non-GAAP) (2)	137,395			135,339			137,180			142,630			151,054
Less: Merger-related expense	—			3			(166		)	2,212			12,732
Severance expense	140			454			1,842			304			406
(Gain) Loss on sale of long-lived assets, net of impairment	(1,256		)	1,044			3,396			1,713			1,571
Other non-core non-interest expense	1,177			1,091			(208		)	242			2,050
Core tangible non-interest expense (Non-GAAP) (2)	$	137,334		$	132,747		$	132,316		$	138,159		$	134,295
Return on average assets (GAAP)	1.00		%	0.82		%	0.90		%	0.86		%	0.67		%
Effect of non-core revenues and expenses	(0.02		)	0.03			0.02			0.03			0.22
Core return on average assets (Non-GAAP)	0.98		%	0.85		%	0.92		%	0.89		%	0.89		%
Efficiency ratio (GAAP)	61.3		%	63.3		%	65.0		%	68.2		%	73.9		%
Effect of tax benefit related to tax-exempt income	(0.8)			(0.9)			(0.8)			(0.9)			(0.9)
Efficiency ratio (TE) (Non-GAAP) (1)	60.5		%	62.4		%	64.2		%	67.3		%	73.0		%
Effect of amortization of intangibles	(0.9		)	(1.0		)	(0.8		)	(1.1		)	(1.0		)
Effect of non-core items	0.4			(1.1		)	(2.3		)	(1.4		)	(7.6		)
Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2)	60.0		%	60.3		%	61.1		%	64.8		%	64.4		%
Return on average common equity (GAAP)	8.05		%	6.59		%	7.30		%	7.09		%	5.54		%
Effect of intangibles (2)	3.85			3.30			3.65			3.73			2.93
Effect of non-core revenues and expenses	(0.26		)	0.37			0.25			0.36			2.67
Core return on average tangible common equity (Non-GAAP) (2)	11.64		%	10.26		%	11.20		%	11.18		%	11.14		%
Total shareholders' equity (GAAP)	$	2,637,597		$	2,547,909		$	2,498,835		$	2,483,201		$	2,365,284
Less: Goodwill and other intangibles	759,966			764,730			761,871			762,500			761,809
Preferred stock	132,098			76,812			76,812			77,463			—
Tangible common equity (Non-GAAP) (2)	$	1,745,533		$	1,706,367		$	1,660,152		$	1,643,238		$	1,603,475
Total assets (GAAP)	$	20,160,855		$	20,092,563		$	19,504,068		$	19,534,225		$	19,238,928
Less: Goodwill and other intangibles	759,966			764,730			761,871			762,500			761,809
Tangible assets (Non-GAAP) (2)	$	19,400,889		$	19,327,833		$	18,742,197		$	18,771,725		$	18,477,119
Tangible common equity ratio (Non-GAAP) (2)	9.00		%	8.83		%	8.86		%	8.75		%	8.68		%
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 35%, which approximates the marginal tax rate.
(2) Tangible calculations eliminate the effect of goodwill and acquisition-related intangibles and the corresponding amortization expense on a tax-effected basis where applicable.

31

EX-99.2

focused 2 Q 1 6 E a r n i n g s C o n f e r e n c e C a l l S u p p l e m e n t a l P r e s e n t a t i o n J u l y 2 7 , 2 0 1 6 Exhi b i t 99 .2

2 To the extent that statements in this 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. The Company’s actual strategies, results and financial condition in future periods may differ materially from those currently expected due to various risks and uncertainties. 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. Consequently, no forward-looking statement can be guaranteed. 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. This PowerPoint presentation supplements information contained in the Company’s earnings release dated July 27, 2016, and should be read in conjunction therewith. The earnings release may be accessed on the Company’s web site, www.iberiabank.com, under “Investor Relations” and then “Financial Information” and then “Press Releases.” Non-GAAP Financial Measures This PowerPoint presentation contains financial information determined by methods other than in accordance with GAAP. The Company’s management uses core non-GAAP financial metrics (“Core”) in their analysis of the Company’s performance to identify core revenues and expenses in a period that directly drive operating net income in that period. These Core measures typically adjust GAAP performance measures to exclude the effects of the amortization of intangibles and include the tax benefits 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. Reference is made to “Non-GAAP Financial Measures” and “Caution About Forward Looking Statements” in the earnings release which also apply to certain disclosures in this PowerPoint presentation. Safe Harbor And Legend

3 CEO Overview • Period-end total loan growth of 2% in 2Q16; 8% annualized growth rate • Period-end legacy loan growth of 4%; 16% annualized growth rate • Total deposits down 2%, though average deposits up slightly • Net interest margin declined three basis points on a linked quarter basis (one basis point of the decline was due to accelerated bond premium amortization) • Cash margin declined seven basis points in 2Q16 as a result of yield declines on loans and investments in 2Q16 and recoveries in 1Q16 • Originated/renewed $1 billion in loans in 2Q16, up 14% and a record for the Company • Remain very asset sensitive (details on slide 13) and not extending duration • Approximately two-thirds of originations/renewals were floating rate; 56% of total loan portfolio has floating rates • Closed/consolidated 19 branches in 1Q16, or 12% of our branch system within the last year • Core revenues up $9 million, or 4%; core expenses up $5 million, or 3% • Core tangible efficiency ratio improved from 60.3% to 59.98% on a linked-quarter basis • “Risk-off trade” in Energy, Indirect Auto and Acadiana-based loans now down $588 million

4 Risk Off Assets •$588 million in cumulative risk-off trade since the beginning of 2015 with an estimated pre-tax opportunity cost of $5.5 million during 2015 and $6.2 million for YTD 2016, or approximately $0.05 EPS per quarter • Indirect auto and Acadiana loans were down in 2Q16 similar to prior quarters while E&P fundings decreased $70 million in 2Q16

5 GAAP EPS 2Q16 Summary Operating Results – Linked Quarter Comparison • Completed second perpetual preferred stock issuance; YTD cost of $3.4 million (after-tax) • Net Income to common shareholders of $50 million, up 24% linked quarter and up 62% to 2Q15 • Achieved 1% ROA milestone in 2Q16 • 2Q16 EPS of $1.21, up 25% and 53% compared to linked quarter and 2Q15, respectively • 2Q16 Core EPS of $1.18 (a record quarter), up 17% on a linked quarter basis • Provision was down $3 million, but still our second highest level over the last six years • 2Q16 Core Pre-Tax Pre-Provision of $2.09 (a record quarter), up 17% compared to 2Q15 CORE EPS CORE Pre-Provision Pre-Tax EPS

FOCUSED FINANCIAL ITEMS “That’s been one of my mantras — focus and simplicity.” — Steven Jobs (1955-2011)

7 Drivers Results 2Q16 Drivers And Results – Linked Quarter Comparison • Total loans up 2% (legacy loans up 4%, or 16% annualized), and total deposits down less than 2% • Average earning assets up 2% • Reported margin down 3 bps and cash margin down 7 bps • Remain very asset-sensitive • Provision decreased $3 million; Energy-related reserves at 5.3% of outstanding energy-related loans • Mortgage production and pipeline remain strong • Strong client derivative income and other non-interest income • Expense focus: 60.0% core tangible efficiency ratio • T/E net interest income up $1 million, or 1% • Core revenues up $9 million, or 4% • Core tangible expenses up $5 million, or 4% • Core tangible efficiency ratio at 60.0% • Legacy NPAs/assets of 0.63% (down 2 bps) • Net charge-off ratio of 0.33%; Energy-related charge-offs $8 million • Net income up $10 million, or 24% • Preferred stock dividends of $1 million declared in 2Q16 • Core ROA of 0.98% and Core ROTCE of 11.64% 1Q16 2Q16 Reported Margin 3.64% 3.61% -3 bps Cash Margin 3.48% 3.41% -7 bps (Period-End; $ in Millions) Legacy Loans 11,529$ 11,985$ 456$ 4% Acquired Loans 2,923 2,738 (185)$ -6% Total Loans 14,451$ 14,723$ 271$ 2% Mortgage Revenues 20$ 26$ 6$ 30% Mtg Commissions 5 7 3$ 59% FTEs 3,112 3,122 10$ 0% Branches 199 199 -$ 0% Other Locations 99 99 -$ 0% Change

8 Net Interest Margin – GAAP And Non-GAAP Cash Margin • Adjustments represent accounting impacts of purchase discounts on acquired loans and related accretion as well as the indemnification asset and related amortization on the covered portfolio $ in Thousands Balances, as Reported Adjustments As Adjusted Non-GAAP 2Q15 Average Balance 16,688,287$ 84,560$ 16,772,847$ Income 145,677$ (9,062)$ 136,615$ Rate 3.52% -0.26% 3.29% 3Q15 Average Balance 17,711,580$ 91,608$ 17,803,188$ Income 155,117$ (7,505)$ 147,612$ Rate 3.50% -0.20% 3.31% 4Q15 Average Balance 17,687,930$ 87,023$ 17,774,953$ Income 161,160$ (10,713)$ 150,447$ Rate 3.64% -0.29% 3.38% 1Q16 Average Balance 17,873,354$ 86,010$ 17,959,364$ Income 161,403$ (6,523)$ 154,880$ Rate 3.64% -0.16% 3.48% 2Q16 Average Balance 18,155,004$ 84,118$ 18,239,122$ Income 162,753$ (8,573)$ 154,180$ Rate 3.61% -0.20% 3.41%

9 Mortgage – Weekly Locked Mortgage Pipeline Trends • Seasonal rebound commences at the start of each year through spring months into early summer • Increased production due to a combination of favorable rate environment and improved recruiting in key markets and newly acquired markets • Weekly locked pipeline was $357 million at July 22, 2016, roughly flat compared to June 30, 2016

10 • We closed/consolidated no branches in 2Q16 • Ongoing branch rationalization process continues; since year-end 2012, we: • Acquired 62 branches • Closed/consolidated 60 branches • Opened 9 new branches • Net added only 11 branches while expanded loans by $6.2 billion (+73%) and deposits by $5.1 billion (+48%) • Commensurate branch efficiency improvements: • Loans per branch up $29 million (+64%) • Deposits per branch up $23 million (+39%) Branch Efficiency Branches: 12/31/12 2013 2014 2015 1Q16 2Q16 Total Acquired - 26 36 - - 62 Opened - 4 5 - - 9 Closed/Consolidated (16) (13) (12) (19) - (60) Net Change (16) 17 29 (19) - 11 Total Branches 188 172 189 218 199 199

11 • In 2013, Achieved More Than $24 Million Annualized Pre-Tax Run-Rate Savings • In 2014, A Second Initiative Achieved An Additional $11 Million In Run-Rate Savings; This Initiative Was Completed In 4Q14 • In 2015, A Third Efficiency Initiative Achieved An Additional $15 Million In Run-Rate Savings; This Initiative Completed In 4Q15 • Aggregate Run-Rate Savings Of $50 Million Associated With The Three Initiatives • 19 Branch Closures Were Completed In 1Q16 Overall Efficiency Improvement Trends

12 Capital Activity • Issuance of $55 million in Non- Cumulative Perpetual Preferred Stock on May 9, 2016 impacted IBERIABANK Corporation’s Tier 1 Leverage, Tier 1 Risk Based Capital and Total Risk-Based Capital Ratios by 29, 32, and 32 basis points, respectively • Excluding the Preferred Stock issuance, capital ratios for IBERIABANK Corporation were relatively flat with 1Q16. An increase in CET1 Capital from income earned during the quarter net of dividends was offset by an increase in Risk Weighted Assets and share repurchases • On May 4, 2016, the Company’s Board of Directors of the Company authorized the repurchase of up to 950,000 common shares • During 2Q16, the Company repurchased 202,506 common shares at a weighted average price of $57.61 per common share. • The share repurchases decreased IBERIABANK Corporation’s CET1, Tier 1 Leverage, Tier 1 Risk-Based and Total Risk-Based Capital Ratios each by approximately 7 basis points. IBERIABANK Corporation Capital Ratios 1Q16 2Q16 Change Common Equity Tier 1 (CET1) ratio 10.11% 10.06% (5) bps Tier 1 Leverage 9.41% 9.70% 29 bps Tier 1 Risk-Based 10.56% 10.83% 27 bps Total Risk-Based 12.21% 12.44% 23 bps IBERIABANK and Subsidiaries Capital Ratios 1Q16 2Q16 Change Common Equity Tier 1 (CET1) ratio 10.28% 10.38% 10 bps Tier 1 Leverage 9.17% 9.30% 13 bps Tier 1 Risk-Based 10.28% 10.38% 10 bps Total Risk-Based 11.24% 11.32% 8 bps Preferred Stock Share Repurchase Program Preliminary Capital Ratios

13 Scenario Impact On Net Interest Income Over 12 Month Period Interest Rate Risk • Loans: 44% fixed and 56% floating • Adjustable loans composition: • Prime-based 45% • LIBOR-based 52% • All other 3% • Floors on approximately 27% of adjustable loans • Asset-sensitive from an interest rate risk perspective • The degree of asset-sensitivity is a function of the reaction of competitors to changes in deposit pricing • Forward curve has a positive impact on net interest income over 12-month period Source: Bancware model, as of June 30, 2016 * Assumes instantaneous and parallel shift in interest rates based on static balance sheet Base Change In: -200 bp* -100 bp* Case +100 bp* +200 bp* Net Interest Income -5.4% -4.2% 0.0% 5.4% 10.7% Economic Value of Equity 0.0% 0.0% 0.0% 0.0% 0.0%Blue Forward Flattening Steepening Gradual Change In: Chip Curve Curve Curve Curve Net Interest Inc me 1.6% 1.0% 2.2% 1.5% 3.0%

CREDIT QUALITY & ENERGY FOCUSED “The game has its ups and downs, but you can never lose focus of your individual goals, and you can’t let yourself be beat because of lack of effort.” — Michael Jordan (1963-)

15 • Total energy-related loan portfolio of $662 million, or 4.5% of total loans at quarter-end, a decrease of $70 million, or 10%, on a linked-quarter basis • Over the past six quarters, energy-related loan balances reduced by $219 million, or 25%, and reduced our commitments by more than $602 million, or 36% • During 2Q16 - Decreased energy provision of $12.2 million as credit conditions stabilized in the quarter • During 2Q16 - Experienced $7.7 million of charge-offs for energy loans; these were the first charge-offs of energy loans during this cycle • Allowance for energy-related loans was $35 million; equal to 5.3% of the energy-related loans outstanding. • Energy-related loans outstanding designated as criticized status improved $43 million from $356 million in 1Q16 to $313 million in 2Q16 - 53% of the improvement came from first lien reserve-based E&P loans with the remaining 47% coming from the service portfolio • Energy-related nonaccrual loans were up $15 million to $60.8 million, or 9.2% of the energy portfolio • Spring redeterminations on credits representing 90% of E&P outstandings resulted in a decrease of 21% in borrowing base commitments. The remaining 10% are currently in process • E&P loan outstandings decreased $42 million, while related commitments declined $105 million in the quarter, resulting in a slight increase in line utilization to 57% • Midstream loan outstandings decreased $7 million through normal working capital line fluctuations • Service sector loan balances fell by $21 million and commitments dropped $34 million on a linked-quarter basis Energy – 2Q16 Highlights

16 Energy – Asset Quality • Two energy-related charge-offs in 2Q16, totaling $8 million • Energy loans at June 30, 2016:  No energy-related assets held in OREO  Non-accrual loans equaled $61 million (9.2% of energy-related loans)  Energy-related loans past due 30 days or more equaled $3 million (0.5% of energy-related loans) E&P $40.6 Services $20.2 Midstream $0

17 Criticized Loans Classified Loans Energy – Asset Quality (continued) • Total criticized loans equaled 3.8% of total loans • Energy-related criticized loans of $313 million, or 2% of total loans and 47% of energy-related loans • Total classified loans equaled 2.8% of total loans • Energy-related classified loans of $244 million, or 2% of total loans and 37% of energy-related loans 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 Criticized - Non-Energy $362 $292 $329 $273 $252 $238 $250 riticized - Energy $0 $4 $59 $60 $147 $356 $313 E&P $0 $4 $29 $28 $88 $245 $222 Service $0 $0 $30 $32 $59 $111 $91 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 Classified - Non-Energy $246 $178 $238 $198 $179 $162 $170 lassified - Energy $0 $0 $32 $43 $79 $287 $244 E&P $0 $0 $29 $28 $33 $209 $186 Service $0 $0 $3 $15 $46 $78 $58

18 Energy Loan Portfolio Balances Energy – Declining Exposure • Energy commitments of $1.1 billion • 5.4% of total loans; down from 10.9% in 2Q14 and down $602 million or 36% from peak 4Q14 • Existing commitments decreased by $144 million, or 12% since March 31, 2016 • Energy-related loans of $662 million at June 30, 2016 • 4.5% of total loans; down from 8.4% peak in 2Q14 • Energy-related loans decreased $70 million (-10%) in 2Q16, down $219 million or 25% from peak 4Q14 • Energy-related Shared National Credits equaled 70% of total energy balances outstanding and 54% of total Shared National Credits outstanding at 2Q16 $ in Millions Energy Loan Portfolio Commitments $ in Millions

19 Oil Field Services Loans – Sponsor Exposure % Of Total Drilling Support Loans % Of Total Non-Drilling Support Loans $114 Million In Loans Outstanding: • 78% Super Sponsors (55%) And PE-Backed (23%) • 20% All Capital In Company • 2% Guarantor With Moderate Liquidity Lending Structure Within Portfolio: • 1% 1-Year Revolver With Borrowing base • 29% 2-3 Year Revolver With Borrowing base • 35% Term Debt < 3 Years • 25% Term Debt > 3-Year RE Secured • 7% Term Debt > 3-Year Non-RE Secured • 3% Multi-Facilities $96 Million In Loans Outstanding: • 70% Super Sponsors (51%) And PE-Backed (19%) • 15% Guarantor With Moderate Liquidity • 15% All Capital In Company Lending Structure Within Portfolio: • 8% 1-Year Revolver With Borrowing base • 33% 2-3 Year Revolver With Borrowing base • 34% Term Debt < 3 Years • 23% Term Debt > 3-Year RE Secured • 2% Term Debt > 3-Year Non-RE Secured • 0% Multi-Facilities • Limited exposure to drilling related companies • Strong sponsorship behind portfolio companies • Minimal exposure to fabrication and construction • Strong sponsorship behind portfolio companies • Strong geographic diversification OFS – Drilling Support OFS – Non-Drilling Support At June 30, 2016 At June 30, 2016

20 Energy - Midstream Portfolio Loans Outstanding Loan Commitments • Effectively no change in the make-up of our Midstream segment since March 31, 2016 ($ in Millions) Balance Commitment Relationship Count Pipeline $47 $83 5 Gas Compression $29 $35 2 Marine Transportation $17 $17 1 Other $31 $67 7 Grand Total $124 $202 15 At June 30, 2016

21 Energy – Granularity Of Loan Balances • 26 relationships greater than $10 million in balances – accounts for almost 2/3 of energy loans outstanding • 47 relationships greater than $10 million in commitments - accounts for almost 81% of energy loans commitments • Number of relationships with balances greater than $10 million fell from 31 in March 31, 2016 to 26 at June 30, 2016 A t J u n e 3 0 , 2 0 1 6 • At June 30, 2016, there were no client relationships with balances greater than $30 million, down from two at March 31, 2016 and only two E&P and two midstream company commitments in the $30-35 million range • Largest relationship in terms of balances outstanding is $29 million • Largest single energy commitment relationship is $35 million. Clients By Size Balances And Commitments By Size

FOCUSED ACADIANA AND HOUSTON MARKET INFORMATION “Concentration is the secret of strength in politics, in war, in trade, in short, in all management of human affairs.” — Ralph Waldo Emerson (1803-1882)

23 Summary Of Loans In The Acadiana And Houston Markets • Total 2Q16 loans in Acadiana market equal to $1.4 billion • $229 million of government and quasi-governmental loans are housed in the Acadiana market and equate to 16% of total loans in market • Energy-related loans equal $22 million or 1.57% of loans in market • Non-performing loans equate to $20 million, or 1.41% of market loans • Accruing loans past due equate to $4 million, or 0.28% • Total 2Q16 loans in Houston market equal to $1.8 billion • Energy-related loans equal $581 million or 31.7% of loans in market • Non-performing loans, including Texas energy loans, equate to $50 million or 2.72% of market loans • Accruing loans past due equate to $19 million, or 1.01% Acadiana Market Houston Market

24 Acadiana – Commercial Real Estate Loans 90% 99% % Commitments Funded

25 Acadiana – Owner Occupied Commercial Real Estate Loans 31% 27% 22% 3% % of Total 13% 4% 0% 99% 99% 99% % Of Commitments Funded 100% 100% 100% 100%

26 Acadiana – Non-Owner Occupied Commercial Real Estate Loans 38% 17% 9% 7% 3% % of Total 8% 6% 94% 80% 89% 80% 71% % Of Commitments Funded 98% 99% 12% 100%

27 Houston – Commercial Real Estate Loans 85% 97% % Of Commitments Funded $0 $100 $200 $300 $400 $500 $600 4Q14 2Q15 4Q15 2Q16 $277 $276 $287 $305 $224 $272 $267 $272 Mil lio ns Non-Owner Occupied CRE Owner Occupied CRE $501 $548 $554 $577

28 Houston – Owner Occupied Commercial Real Estate Loans 31% 29% 20% 6% % of Total 7% 6% 1% 98% 99% 93% 100% % Of Commitments Funded 100% 100% 98%

29 Houston – Non-Owner Occupied Commercial Real Estate Loans 43% 16% 15% 14% 12% % of Total 93% 64% 83% 88% 98% % Of Commitments Funded

FOCUSED ADDITIONAL ENERGY- RELATED DETAILS “Desire is the key to motivation, but it’s determination and commitment to an unrelenting pursuit of your goal – a commitment to excellence – that will enable you to attain the success you seek.” — Mario Andretti (1940-)

31 95.2% 2.2% 1.8% 0.8% 4.8% Non-Energy E & P Midstream Service 95.5% 2.2% 0.9% 1.4% 4.5% Non-Energy E & P Midstream Service 94.4% 2.7% 1.0% 1.9% 5.6% Non-Energy E & P Midstream Service $300 $200 $100 $0 $700 $600 $500 $400 Midstream E&P Services Relative Risk Total Outstanding Energy Loan Balances At June 30 ,2016 2 Q 1 5 E n e r g y a s % millions $24 $30 $35 $26 $96 $328 $77 $47 2 Q 1 6 S e rv ic e s Energy - Portfolio Risk Profile $800 4 Q 1 5 $ in Millions 2Q15 4Q15 2Q16 2Q vs 4Q% Drillers $43 $25 $24 -6% Pipe & Tool Rental 46 39 30 -22% Completion 17 35 35 1% Other 34 40 26 -36% Total Drilling Support 140 139 115 -18% Non-Drilling Support 123 110 96 -13% E&P 380 314 328 4% Midstream - Other 85 69 77 12% Midstream - Pipeline 59 48 47 -3% Total Midstream 144 117 124 6% Total Energy $788 $680 $662 -3%

32 B y We i g hte d C o m m o d i t y M i x * * Reserves weighted by commitments / outstandings for each individual company by multiplying percentage of present value of reserves by commodity type. By We i g hte d Re s e r v e C a te g o r y * • In the risking process we assign different values to the following reserve types: – PDP (Proved Developed Producing) – Proved Developed Non-producing – Proved Undeveloped • We lend only against proved reserves • Reasonably balanced commodity exposure Energy - E&P Loan Portfolio A t J u n e 3 0 , 2 0 1 6

33 Energy – OFS Structure Of Support • $210 million in oilfield services • Sponsorship at June 30, 2016:  74% have super sponsor and private equity backing  18% have substantially all capital in company  8% have guarantors support with moderate liquidity

34 Home Equity • The average LTV at origination was 71% and is now less than 56% • 41% of portfolio is first liens (50% of Acadiana market’s Home Equity is first lien) • 79% of balances were originated after 2010 (70% of Acadiana Home Equity originated after 2010) • 93% of Houston and 86% of Lafayette portfolio has an LTV of 80% or better Consumer/Small Business Acadiana • At June 30, 2016, the Acadiana market’s small business portfolio had approximately $563,000 in loans past dues 30 days or more • Consumer delinquencies and non-accruals are lower than the averages for the overall portfolio. • Based on third-party analysis performed in 1Q16: • Past dues 60 days+ on HELOCs, Autos and Mortgage are all significantly better than other lenders in-market • Overall consumer balances are down 18% as compared to last year; while other lenders in- market are up 11% • A tighter underwriting criteria, combined with lower marketing expenditures in the market, has reduced consumer originations by 80% Non-Energy – 2Q16 Highlights

35 CRE Portfolio In Houston • 47% of CRE commitments in Houston are owner-occupied Offices Largest Exposures • $26 million fully-funded commitment (world renowned healthcare leader) • $21 million commitment with almost no outstandings (global developer) • $8 million fully-funded commitment (global manufacturer) • Owner occupied segment has a weighted LTV of 56% • Non-owner occupied segment has a weighted LTV of 61% Multi-Family • $131 million of Multifamily balances with $141 million of commitments with 25% of the loans equating to 65% of the outstanding balances • Class A, B, and C equate to $0, $77, and $53 million of loan outstandings, respectively • Class B credits have a weighted average LTV of 62% and 94% occupancy • Class C credits have a weighted average LTV of 70% and 94% occupancy Non-Energy – 2Q16 Highlights

36 CRE Portfolio In Lafayette • 47% of CRE in Lafayette is owner-occupied Offices • The largest single exposure is a $9 million facility secured by space leased to a national telecommunications company • Only 3 other exposures in excess of $5 million • Weighted average LTV is 66% Hotel/Motel • 5 credits with $23 million in loan outstandings and commitments • Weighted average LTV is 62% Non-Energy – 2Q16 Highlights

FOCUSED General Credit Quality “Concentrate all your thoughts upon the work at hand. The sun’s rays do not burn until brought into focus.” — Alexander Graham Bell (1847-1922)

38 General Credit Quality – Trends In Non-Performing Assets $ in Millions NPA determination based on regulatory guidance for Acquired portfolios 2Q16 includes $8 million of bank-related properties reclassified to OREO • Continued workout of covered and other acquired portfolios • Legacy NPAs/Assets equal to 0.63%, a decrease of two basis points on a linked-quarter basis • Legacy loans past due 30 days or more (excluding non-accruals) equal to 0.39% of total legacy loans • Annualized net charge-offs equal to 0.33% of average loans in 2Q16, compared to 0.11% in 1Q16 • Loan loss provision of $12 million for 2Q16 – roughly equal to net charge- offs for the quarter The Company’s Total Assets Increased By $4.4 Billion, Or 28%, During This Period

39 General Credit Quality – Trends In Non-Performing Assets Source: SNL Financial – Publicly Traded Bank Holding Companies With Total Assets Between $10 - $30 Billion

40 Non-Performing Assets Allowance For Credit Losses • Total non-performing assets of $202 million, or 1.00% of total assets at 2Q16 • Non-energy related NPLs of $114 million or 0.57% of total assets • $61 million of energy-related non-performing assets at 2Q16, or 0.30% of total assets and 9.2% of energy-related loans General Credit Quality – Non-Performing Assets • Total allowance for credit losses equal to $161 million or 1.10% of total loans • Non-energy related reserves of $126 million or 0.90% of non-energy related loans • Energy-related allowance for credit losses equal to $35 million or 0.24% of total loans and 5.3% of energy-related loans

41 General Credit Quality – Legacy Portfolio Asset Quality Summary (Excludes FDIC covered assets and all acquired loans) • NPAs equated to 0.63% of total assets, down two basis points compared to 1Q16. Includes $8 million of bank-related properties • $364 million in classified loans (down $14 million compared to 1Q16) • Legacy net charge-offs of $11 million, or an annualized rate of 0.38% of average loans ($ thousands) 6/30/2015 3/31/2016 6/30/2016 Non-accrual Loans 62,739$ 93,429$ 95,096$ 52% 2% OREO 20,028 17,662 14,478 -28% -18% Accruing Loans 90+ Days Past Due 3,584 125 353 -90% 182% Non-performing Assets 86,351 111,216 109,927 27% -1% Note: NPAs excluding Former Bank Properties 73,739 100,182 101,973 38% 2% Past Due Loans (Excluding Nonaccrual Loans) 18,569 42,579 46,259 149% 9% Classified Loans 131,142 378,163 363,999 178% -4% Non-performing Assets/Assets 0.55% 0.65% 0.63% 8 bps (2) bps NPAs/(Loans + OREO) 0.83% 0.96% 0.92% 9 bps (4) bps Classified Assets/Total Assets 0.84% 2.21% 2.09% 125 bps (12) bps Past Due Loans (Excluding Nonaccrual)/Loans 0.18% 0.37% 0.39% 21 bps 2 bps Provision For Loan Losses 8,465$ 15,908$ 12,482$ 48% -21% Net Charge-Offs/(R coveries) 3,505 4,142 11,194 219% 170% Provision Less Net Charge-Offs 4,960$ 11,766$ 1,288$ -74% -89% Net Charge-Offs/Average Loans 0.14% 0.15% 0.38% 24 bps 23 bps Allowance For Loan Losses/Loans 0.81% 0.92% 0.89% 8 bps (3) bps For Quarter Ended: % or Basis Point Change Year/Year Qtr/Qtr

APPENDIX

43 Loan Growth Trends Loan Composition Market Loan Diversification Loan Portfolio • Total period-end loans up $271 million (+2%) • Legacy loans up $456 million (+4%) • $1.0 billion of loan originations and renewals; $1.0 billion commercial loan pipeline • Loan yield (including indemnification asset) down two basis points and cash loan yield, including indemnification asset, was down six basis points • About half of CRE loans are owner-occupied • Risk-off loan volume reduction in 2Q16: • Energy loans decreased $70 million (-10%) • Indirect loans down $31 million (-15%) • Acadiana loans down $28 million (-2%) • Energy 4.5% of total loans • Indirect 1.2% of total loans • Total loans: 44% fixed and 56% floating • 2Q16 originations: 36% fixed and 64% floating • Serving 25 markets in seven states • 2Q16 loan growth in 77% of our markets • Acadiana accounts for 9% of total loans and Houston 9% of total loans • Strongest 2Q16 market loan growth in:  Memphis  New Orleans  Orlando  Southeast Florida  Tampa

44 Funding Growth Trends Deposit Composition Market Deposit Diversification Deposit And Funding Portfolio • Period-end deposits down $399 million (-2%) • Period-end core deposits (total deposits less time deposits) down $468 million (-3%) • Average loan-to-deposit ratio of 91%, up from 88% one year ago • Increased short-term and long-term borrowings in 2Q16 • Non-interest-bearing 29% of total deposits • Non-interest-bearing deposits up $55 million, or 1%, on a period-end basis, and up $76 million, or 2%, on an average balance basis • Interest-bearing deposit cost of 0.42% (no change from 1Q16) and total deposit cost of 0.30% (unchanged) • No significant change in deposit rates since Fed Funds move in 4Q15 • Cost of interest-bearing liabilities increased slightly to 0.50% (up one basis point) • Indirect and Texas energy deposits account for only 2% of total deposits • Florida, Acadiana, and New Orleans account for over half of deposit base • Deposit growth in 38% of our markets • Strongest 2Q16 market deposit growth in:  Tampa  Birmingham  Baton Rouge  Mobile  Shreveport

45 Louisiana And Texas MSAs Our Other MSAs Local Market Conditions – MSA Unemployment Trends • Prior to 2014, nearly all unemployment rates below national average • Louisiana markets exhibit seasonality (December peaks) • Uptick in unemployment rates in Lafayette • Lake Charles, Baton Rouge and Houston remain near the national average • Houston and Dallas in downward tandem until year-end 2014 • All MSAs exhibiting improvement in unemployment rates • Many markets are near national average in magnitude and trend • Unemployment in Mobile remains at elevated level • Lowest unemployment rates in Arkansas MSAs

46 Seasonal Influences Legacy Loan Growth Non-Interest Income And Expense Items • Loan growth typically softer in first quarter and stronger in second quarter • Mortgage and title income typically are softer in fourth and first quarters and stronger in second and third quarters • Payroll taxes and retirement contributions decrease ratably throughout the year • The net result is first quarter tends to have softer profitability which rebounds in second quarter

47 Non-Interest Income • Core non-interest income increased $7.5 million, or +13%, from 1Q16:  Mortgage income increased $6.1 million, or +30%  Title revenues increased $1.4 million, or +29%  Decreased client derivative income of $0.6 million, or –21% • Total non-core income in 2Q16 of $1.8 million, primarily due to gain on sale of investment securities Non-interest Income ($000s) 2Q15 3Q15 4Q15 1Q16 2Q 16 $ Change % Change Service Charges on Deposit Accounts 10,162$ 11,342$ 11,432$ 10,950$ 10,941$ (9)$ 0% ATM / Debit Card Fee Income 3,583 3,562 3,568 3,503 3,650 147 4% BOLI Proceeds and CSV Income 1,075 1,093 1,096 1,202 1,411 209 17% Mortgage Income 25,246 20,628 16,765 19,941 25,990 6,050 30% Titl Revenue 6,146 6,627 5,436 4,745 6,135 1,390 29% Broker Commissions 5,461 3,839 4,130 3,822 3,712 (110) -3% Other Noninterest Income 8,574 8,166 9,920 11,486 11,289 (197) -2% Core Non-Interest Income 60,247 55,257 52,346 55,649 63,128 7,479 13% Gain (Loss) on Sale of Investments, Net 904 280 7 196 1,789 1,593 813% Other non-core non-interest income 362 1,941 150 - - - 0% Total Non-interest Income 61,513$ 57,478$ 52,503$ 55,845$ 64,917$ 9,072$ 16% 2Q16 vs. 1Q16

48 • Mortgage non-interest income of $26.0 million was $6.1 million higher than 1Q16 driven by:  $6.6 million higher gains (+34%) on higher sales volume  Loan originations were up 37% from 1Q16 to $709 million in 2Q16  Market value adjustments decreased $0.8 million in 2Q16 as compared to 1Q16 driven by flat rate lock commitment pipeline and a rate decline of 23 basis points over the period  Sales volumes of $673 million (38% higher than in 1Q16) Mortgage – Income Drivers

49 Non-Interest Expense • Core non-interest expense increased $4.6 million, or +3%, from 1Q16:  Salaries and Benefits increased $4.7 million, or +6%, with $2.7 million related to increased mortgage commissions and $1.7 million related to annual incentives expense  Professional services expense increased $0.6 million, or +15%  Decreased travel and entertainment expense of $0.4 million, or -19% • Total non-core non-interest expense of $0.1 million, a decrease of $2.5 million, or -98% from 1Q16 Non-interest Expense ($000s) 2Q15 3Q15 4Q15 1Q16 2Q 16 $ Change % Change Mortgage Commissions 6,709$ 6,691$ 4,927$ 4,609$ 7,326$ 2,717$ 59% Hospitalization Expense 5,113 5,896 5,475 5,592 5,315 (277) -5% Other Salaries and Benefits 68,009 69,251 71,209 70,084 72,323 2,239 3% Salaries and Employee Benefits 79,831$ 81,838$ 81,611$ 80,285$ 84,964$ 4,679$ 6% Credit/Loan Related 4,730 5,241 2,499 2,671 2,931 260 10% Occupancy and Equipment 17,233 17,901 16,921 16,864 16,770 (94) -1% Amortization of Acquisition Intangibles 2,155 2,339 1,796 2,113 2,109 (4) 0% All Other Non-interest Expense 32,502 33,177 31,284 32,926 32,669 (257) -1% Core Non-Interest Expense 136,451$ 140,496$ 134,111$ 134,859$ 139,443$ 4,584$ 3% Severance 406 304 1,842 454 140 (314) -69% Storm-related expenses 4 (1) 0 2 - (2) -100% I p irment of Long-lived Assets, net of gains on sales1,571 1,712 3,396 1,045 (1,256) (2,301) -220% D bt Prepayment 1,262 - - - - - 0% Co sulting and Professional - - - - 582 582 100% Other Non-interest Expense 784 244 (208) 1,089 595 (494) -45% Merger-Related Expenses 12,732 2,212 (166) 3 - (3) -100% Total Non-Interest Expense 153,209$ 144,967$ 138,975$ 137,452$ 139,504$ 2,052$ 1% Core Tangible Efficiency Ratio 64.4% 64.8% 61.1% 60.3% 60.0% 2Q16 vs. 1Q16

50 Quarterly Performance Metric Trend • Average earning assets up $282 million (+2%) • Tax-equivalent net interest income up $1.3 million (+1%) • Provision for loan losses of $12 million:  Legacy net charge-offs: $11.2 million (annualized 0.38% of average loans)  Covered and acquired net charge-offs of $0.7 million (annualized 0.10% of average loans)  Legacy provision for loan losses: $12.5 million 6/30/2015 9/30/2015 12/31/2015 3/31/2016 6/30/2016 Net Income ($ in thousands) 30,835$ 42,475$ 44,407$ 40,193$ 49,956$ 24% Per Common Share Data: Fully Diluted Earnings 0.79$ 1.03$ 1.08$ 0.97$ 1.21$ 24% Core Earnings (Non-GAAP) 1.05 1.07 1.11 1.01 1.18 17% Core Pre-provision Earnings (Non-GAAP) 1.20 1.15 1.30 1.25 1.37 9% Tangible Book Value 39.00 39.95 40.35 41.38 42.53 3% Key Ratios: Return on Average Assets 0.67% 0.86% 0.90% 0.82% 1.00% 18 bps Return on Average Common Equity 5.54% 7.09% 7.30% 6.59% 8.05% 146 bps Return on Average Tangible Common Equity (Non-GAAP) 8.46% 10.82% 10.95% 9.89% 11.90% 201 bps Net Interest Margin (TE) (1) 3.52% 3.50% 3.64% 3.64% 3.61% (3) bps Core Tangible Efficiency Ratio (TE) (1) (Non-GAAP) 64.4% 64.8% 61.1% 60.3% 60.0% (34) bps Tangible Common Equity Ratio (Non-GAAP) 8.68% 8.75% 8.86% 8.83% 9.00% 17 bps Tier 1 Leverage Ratio 9.24% 9.33% 9.52% 9.41% 9.70% 29 bps Common Equity Tier 1 (CET1) Ratio 9.97% 10.08% 10.07% 10.11% 10.06% (5) Total Risk Based Capital Ratio 11.49% 12.15% 12.14% 12.21% 12.44% 23 bps Net Charge-Offs to Average Loans (2) 0.14% 0.09% 0.09% 0.15% 0.38% 23 bps Non-performing Assets to Total Assets (2) 0.55% 0.43% 0.42% 0.65% 0.63% (2) bps (1) Fully taxable eq ivalent basis. (2) Excluding Acquired Assets. Linked Quarter %/Basis Point Change

51 Quarterly Performance Metrics – Yields And Costs 6/30/16 3/31/16 Investment Securities 2.18 % 2.25 % (7) bps Legacy Loans, net 4.00 4.02 (2) bps Acquired Loans, net 6.01 5.84 17 bps Loans & Loss Share Receivable 4.43 4.45 (2) bps Mortgage Loans Held For Sale 3.50 3.48 2 bps Other Earning Assets 0.64 0.64 0 bps Total Earning Assets 3.97 3.99 (2) bps Interest-bearing Deposits 0.42 0.42 0 bps Short-Term Borrowings 0.42 0.39 3 bps Long-Term Borrowings 2.24 2.35 (11) bps Total Interest-bearing Liabilities 0.50 0.49 1 bps Net Interest Spread 3.47 3.50 (3) bps Net Interest Margin (TE) 3.61 3.64 (3) bps For Quarter Ended: Linked Quarter Basis Point Change

52 Reconciliation Of Non-GAAP Financial Measures • Non-core income equal to $1.8 million pre-tax, or $0.03 EPS after-tax • Non- core expenses equal to $0.1 million pre-tax, or less than $0.01 EPS after-tax:  Net impairment expense of -$1.3 million pre-tax, or -$0.02, EPS after-tax  Other non-core items expense of $1.2 million pre-tax, or $0.02 after-tax Pre-tax After-tax (2) Per share Pre-tax After-tax (2) Per share Pre-tax After-tax (2) Per share Net Income(GAAP) 62,977$ 44,407$ 1.08$ 64,891$ 40,193$ 0.97$ 76,300$ 49,956$ 1.21$ Non-interest income adjustments Gain on sale of investments and other non-interest income (157) (102) (0.00) (196) (127) (0.00) (1,789) (1,163) (0.03) Non-interest expense adjustments Merger-related expense (166) (108) (0.00) 3 2 0.00 - - - Severance expense 1,842 1,197 0.03 454 295 0.01 140 91 0.00 (Gain) Loss on sale of long-lived assets, net of impairment 3,396 2,207 0.05 1,044 679 0.01 (1,256) (816) (0.02) Other non-core non-interest expense (208) (135) (0.00) 1,091 709 0.02 1,177 765 0.02 Total non-interest expense adjustments 4,864 3,161 0.08 2,592 1,685 0.04 61 40 (0.00) Income tax benefits - (2,041) (0.05) - - - - - - Core earnings (Non-GAAP) (3) 67,684 45,425 1.11 67,287 41,751 1.01 74,572 48,833 1.18 Provision for loan losses 11,711 7,612 0.19 14,905 9,688 0.24 11,866 7,712 0.19 Core Pre-provision earnings (Non-GAAP) (3) 79,395$ 53,037$ 1.30 82,192$ 51,439$ 1.25 86,438$ 56,545$ 1.37 (1) Per share amounts may not appear to foot due to rounding. (2) After-tax amounts estimated based on a 35% marginal tax rate. Dollar Amount Dollar Amount Dollar Amount RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (1) (dollars in thousands) For The Quarter Ended December 31, 2015 March 31, 2016 June 30, 2016

53 Interest Rate Risk – Re-Pricing Schedule $ 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 3Q16 4Q16 1Q17 2Q17 3Q17 Cash Equivalents Balance 522.0$ -$ -$ -$ -$ Rate 0.59% 0.00% 0.00% 0.00% 0.00% Investments Balance 148.3$ 112.4$ 93.6$ 88.1$ 93.6$ Rate 2.75% 3.13% 2.87% 2.89% 2.95% Fixed Rate Loans Balance 639.0$ 500.6$ 472.2$ 439.4$ 413.9$ Rate 4.82% 4.67% 4.69% 4.66% 4.62% Variable Rate Loans Balance 7,339.1$ 95.6$ 56.9$ 71.3$ 46.5$ Rate 3.62% 2.85% 3.65% 3.50% 3.65% Time Deposits Balance 729.4$ 348.1$ 357.8$ 268.3$ 144.9$ Rate 0.56% 0.51% 0.68% 0.74% 0.98% Repos/ST Debt Balance 565.6$ 25.0$ 95.0$ 80.0$ -$ Rate 0.34% 0.78% 0.85% 0.38% 0.00% Borrowed Funds Balance 165.2$ 16.0$ 10.1$ 11.0$ 11.8$ Rate 3.44% 3.99% 5.85% 4.13% 1.04%