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 20, 2017

IBERIABANK CORPORATION

(Exact name of Registrant as Specified in Charter)

Louisiana	001-37532	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))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Yes  ¨    No  x

Item 2.02 Results of Operations and Financial Condition

Item 7.01 Regulation FD Disclosure

On July 20, 2017, the Registrant announced its results of operations for the three and six months ended June 30, 2017. 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 second quarter results dated July 20, 2017, 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 21, 2017	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 20, 2017, issued by the Registrant.
99.2	Supplemental Materials to conference call.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

July 20, 2017

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 130-year-old IBERIABANK (www.iberiabank.com), reported financial results for the quarter ended June 30, 2017. For the quarter, the Company reported income available to common shareholders of $51.1 million, or $0.99 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 2017 was $1.10 per common share (refer to press release supplemental tables for a reconciliation of GAAP to non-GAAP metrics).

Daryl G. Byrd, President and Chief Executive Officer, commented, “As expected, we experienced a seasonal rebound in our operating performance in the second quarter. First, our team delivered exemplary period-end loan growth rates of 18% for legacy loans and 11% for total loans, on an annualized basis. Second, our margin and non-interest income gained considerably during the quarter, benefited by rising interest rates and improvements in our fee businesses. Third, we gained operating efficiency, as evidenced by the improvements in our efficiency ratio to 61.6% and core tangible efficiency ratio to 57.6%, well below our 60% target. Finally, profitability improved as ROA increased to 96 basis points and core ROA increased to 106 basis points. We continue to make good progress on multiple fronts."

Byrd continued, "Our acquisition of Sabadell United Bank remains on track as well. We received all regulatory approvals within 92 days of announcing the acquisition, and we anticipate completing the acquisition 11 days from now. Our respective teams have worked diligently to ensure a smooth and seamless transition for the clients and associates of Sabadell United Bank. We are excited to partner with Sabadell United Bank, and we look forward to working together as one team."

Highlights for the second quarter of 2017 and at June 30, 2017:

• The Company's reported and cash net interest margins improved 18 and 15 basis points, on a linked quarter basis, to 3.71% and 3.45%, respectively. On a linked quarter basis, recoveries on acquired loans accounted for a $3.0 million increase in net interest income, or 11 basis points of the net interest margin improvement in the second quarter. The remaining seven basis point margin improvement was primarily the result of recent increases in rate indexes and reduced excess liquidity.

• Non-interest income increased $8.6 million, or 18%, on a linked quarter basis, primarily as a result of seasonal growth in the Company's fee income businesses.

• Energy-related loans ("energy loans") decreased $12 million and equated to 3.5% of total loans at June 30, 2017, compared to 3.7% at March 31, 2017. Classified energy loans decreased 30%, and non-performing energy assets decreased 18% during the second quarter of 2017.

• Net charge-offs increased $4.8 million, on a linked quarter basis, and equated to an annualized 0.29% of average loans. The provision for loan losses increased $5.9 million, or 96%.

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• During the second quarter of 2017, the Company recorded an estimated $6 million settlement accrual associated with the previously disclosed U.S. Department of Housing and Urban Development lawsuit. The Company believes the matter will likely be settled by the end of 2017.

• On February 28, 2017, the Company announced an agreement to acquire Sabadell United Bank, headquartered in Miami, Florida. In association with the pending acquisition, on March 7, 2017, the Company issued and sold approximately 6.1 million shares of common stock at $83.00 per common share, resulting in net proceeds of $485 million. The Company has received regulatory approvals to complete the acquisition and anticipates closing the transaction on July 31, 2017. The estimated dilutive impact of carrying common stock sold in advance of completing the acquisition was approximately $0.17 per common share during the second quarter of 2017. The Company incurred approximately $1.4 million in acquisition, conversion, and severance-related non-core expenses during the second quarter of 2017.

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Table A - Summary Financial Results
(Dollars in thousands, except per share data)
	For the Three Months Ended
	6/30/2017			3/31/2017			% Change		6/30/2016			% Change
GAAP BASIS:
Income available to common shareholders	$	51,069		$	46,874		8.9		$	49,956		2.2
Earnings per common share - diluted	0.99			1.00			(1.0	)	1.21			(18.2	)
Average loans, net of unearned income	$	15,284,007		$	15,045,755		1.6		$	14,570,945		4.9
Average total deposits	17,160,848			17,511,324			(2.0	)	15,979,391			7.4
Net interest margin (TE) (1)	3.71		%	3.53		%			3.65		%
Total revenues	$	239,609		$	220,164		8.8		$	227,670		5.2
Total non-interest expense	147,508			141,018			4.6		139,504			5.7
Efficiency ratio	61.6		%	64.1		%			61.3		%
Return on average assets	0.96			0.94					1.02
Return on average common equity	6.08			6.41					8.05
NON-GAAP BASIS (2):
Core revenues	$	239,550		$	220,163		8.8		$	225,881		6.1
Core non-interest expense	141,370			139,437			1.4		139,443			1.4
Core earnings per common share - diluted	1.10			1.02			7.8		1.18			(6.8	)
Core tangible efficiency ratio (TE) (1) (4)	57.6		%	61.6		%			60.0		%
Core return on average assets	1.06			0.96					1.00
Core return on average tangible common equity (4)	8.86			8.99					11.64
Net interest margin (TE) - cash basis (1) (3)	3.45			3.30					3.44
(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.

Operating Results

On a linked quarter basis, average loan volume increased $238 million, or 2%, and the associated tax-equivalent yield increased 15 basis points. Over that period, average legacy loans increased $390 million, or 3%, with an increase in yield of 15 basis points, and average acquired loans decreased $152 million, or 7%, and the yield increased 59 basis points. All other average earning assets, including investment securities, mortgage loans held for sale, and interest-bearing deposits in other institutions, decreased a net of $215 million, or 4%.

Primarily as a result of rising short-term interest rates, lower levels of balance sheet liquidity, and recoveries on acquired loans, the Company's reported and cash net interest margins increased 18 and 15 basis points, respectively, on a linked quarter basis.

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On a linked quarter basis, average earning assets increased $23 million, or less than 1%, and the average earning asset yield increased 20 basis points. Average interest-bearing liabilities decreased $414 million, or 3%, and the cost of interest-bearing liabilities increased five basis points. On a linked quarter basis, tax-equivalent net interest income increased$10.8 million, or 6%.

The Company’s provision for loan losses increased $5.9 million, or 96%, on a linked quarter basis to $12.1 million. The provision for loan losses covered net charge-offs in the second quarter of 2017 by 111% compared to 102% in the first quarter of 2017.

In the second quarter of 2017, non-interest income on a GAAP and non-core basis each increased $8.6 million, or 18%, compared to the first quarter of 2017. The primary changes in non-interest income on a linked quarter basis were:

• Increased mortgage income of $5.6 million, or 40%;

• Increased title revenues of $1.5 million, or 31%;

• Increased treasury management income of $0.4 million, or 8%;

• Increased deposit service charge income of $0.3 million, or 2%;

• Increased credit/debit card fee income of $0.2 million, or 6%; and

• Increased client derivative income of $0.2 million, or 16%.

In the second quarter of 2017, the Company originated $546 million in residential mortgage loans, up $162 million, or 42%, on a linked quarter basis. Client loan refinancing opportunities accounted for approximately 14% of mortgage loan applications in the second quarter of 2017, compared to 21% on a linked quarter basis.The Company sold $508 million in mortgage loans during the second quarter of 2017, up $81 million, or 19%, on a linked quarter basis. Loans held for sale increased from $122 million at March 31, 2017, to $141 million at June 30, 2017. The mortgage origination locked pipeline was $249 million at June 30, 2017, up $9 million, or 4%, between quarter-ends, and was down 28% compared to one year ago. At July 19, 2017, the locked mortgage pipeline was $250 million, up less than 1% compared to June 30, 2017.

Non-interest expense increased $6.5 million, or 5%, on a linked quarter basis. During the second quarter of 2017, the Company's non-core expenses included $1.1 million in merger and conversion-related costs and $0.4 million in severance costs, offset by a $1.3 million gain on the sale of former IBERIABANK properties. In addition, during the second quarter of 2017, the Company recorded an estimated $6 million settlement accrual associated with the previously disclosed U.S. Department of Housing and Urban Development lawsuit. The Company believes the matter will likely be settled by the end of 2017.

Excluding non-core expenses, core non-interest expense increased $2 million, or 1%, and was comprised of the following items on a linked-quarter basis:

• Increased salary and benefits cost of $3.9 million, or 5%, which included:

◦ Increased regular compensation expenses of $2.2 million;

◦ Increased mortgage commission expenses of $2.0 million; and

◦ Increased incentives and other benefit expenses of $1.5 million; partially offset by

◦ Decreased payroll tax expense of $1.1 million;

◦ Decreased health care costs of $0.7 million;

• Decreased provision for unfunded commitments of $1.6 million; and

• Decreased other expenses of $0.3 million.

On a linked quarter basis, the Company's revenues and non-GAAP core revenues each increased $19.4 million, or 9%. Over the same period, GAAP expenses increased $6.5 million, or 5%, and non-GAAP core expenses increased $2.0 million, or 1%. The efficiency ratio decreased from 64.1% to 61.6%, while the non-GAAP core tangible efficiency ratio decreased from 61.6% to 57.6% on a linked quarter basis. The Company continues to focus on expense containment and revenue enhancement strategies intended to further improve these ratios.

The effective tax rate increased from 30.9% in the first quarter of 2017 to 35.0% in the second quarter of 2017. Due to a recent change in accounting principle, the effective tax rate for the first quarter of 2017 was favorably impacted by a $1.8 million

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decrease in income tax expense associated with restricted stock vesting during the quarter. Vesting and exercise of share-based compensation is expected to impact income tax expense in the first quarter of future years as well.

Table B - Summary Financial Condition Results
(Dollars in thousands, except per share data)
		As of and For the Three Months Ended
		6/30/2017			3/31/2017			% Change		6/30/2016			% Change
PERIOD-END BALANCES:
	Total loans, net of unearned income	$	15,556,016		$	15,132,202		2.8		$	14,722,561		5.7
	Legacy loans, net of unearned income	13,493,410			12,923,444			4.4		11,984,849			12.6
	Total deposits	16,853,116			17,312,265			(2.7	)	15,862,027			6.2
ASSET QUALITY RATIOS (LEGACY):
	Loans 30-89 days past due and still accruing as a percentage of total loans	0.30		%	0.25		%			0.38		%
	Loans 90 days or more past due and still accruing as a percentage of total loans	0.00			0.02					0.00
	Non-performing assets to total assets (1)	0.87			0.99					0.63
	Classified assets to total assets (2)	1.43			1.60					2.09
CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) (3) (4)	12.45		%	12.10		%			9.00		%
	Tier 1 leverage ratio (5)	13.19			12.91					9.70
	Total risk-based capital ratio (5)	16.74			16.92					12.47
PER COMMON SHARE DATA:
	Book value	$	66.08		$	65.25		1.3		$	61.05		8.2
	Tangible book value (Non-GAAP) (3) (4)	51.33			50.46			1.7		42.53			20.7
	Closing stock price	81.50			79.10			3.0		59.73			36.4
	Cash dividends	0.36			0.36			—		0.34			5.9
(1)	Non-performing assets consist of non-accruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.
(2)	Classified assets include commercial loans rated substandard or worse and non-performing mortgage and consumer loans, and were $283 million, $316 million and $364 million at June 30, 2017, March 31, 2017, and June 30, 2016, respectively.
(3)	See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.
(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.
(5)	Regulatory capital ratios as of June 30, 2017 are preliminary.

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Loans

Total loans increased $424 million, or 3%, between March 31, 2017, and June 30, 2017. Over that period, acquired loans decreased $146 million, or 7%, and legacy loans increased $570 million, or 4% (18% annualized rate), including a decrease in total energy loans of $12 million, or 2%, and a decline in indirect automobile loans of $18 million, or 16%. During the second quarter of 2017, legacy commercial loans increased $475 million, or 5%, legacy consumer loans increased $26 million, or 1%, and legacy mortgage loans increased $69 million, or 8%. Period-end loan growth during the second quarter of 2017 was strongest in the Atlanta, Dallas, Orlando, Baton Rouge, Naples, and Tampa markets. Funded loan origination and renewal mix in the second quarter of 2017 was 41% fixed rate and 59% floating rate, and total loans outstanding (excluding non-accruals) were 43% fixed and 57% floating. Commitments originated and/or renewed during the second quarter of 2017 were $1.6 billion (up 28% on a linked quarter basis). Loans originated and/or renewed during the second quarter of 2017 totaled $1.0 billion (up 24% on a linked quarter basis). At June 30, 2017, the Company's probability-weighted commercial loan pipeline was approximately $1.0 billion.

Table C - Period-End Loans
(Dollars in thousands)
	As of and For the Three Months Ended
							Linked Qtr Change						Year/Year Change				Mix
	6/30/2017		3/31/2017		6/30/2016		$		%		Annualized		$		%		6/30/2017		3/31/2017
Legacy loans:
Commercial	$	10,055,791	$	9,581,229	$	8,784,789	474,562		5.0		19.8	%	1,271,002		14.5		74.5	%	74.1	%
Residential mortgage	970,961		901,859		794,701		69,102		7.7		30.6	%	176,260		22.2		7.2	%	7.0	%
Consumer	2,466,658		2,440,356		2,405,359		26,302		1.1		4.3	%	61,299		2.5		18.3	%	18.9	%
Total legacy loans	13,493,410		12,923,444		11,984,849		569,966		4.4		17.6	%	1,508,561		12.6		100.0	%	100.0	%
Acquired loans:
Balance at beginning of period	2,208,758		2,370,047		2,922,547		(161,289	)	(6.8	)			(713,789	)	(24.4	)
Loans acquired during the period	—		—		—		—		—				—		—
Net paydown activity	(146,152)		(161,289)		(184,835)		15,137		(9.4	)			38,683		(20.9	)
Total acquired loans	2,062,606		2,208,758		2,737,712		(146,152	)	(6.6	)			(675,106	)	(24.7	)
Total loans	$	15,556,016	$	15,132,202	$	14,722,561	423,814		2.8				833,455		5.7

Energy loans outstanding totaled $552 million at June 30, 2017, down $12 million, or 2%, compared to March 31, 2017, and equated to approximately 3.5% of total loans (compared to 3.7% at March 31, 2017). Energy-related commitments totaled $1.0 billion at June 30, 2017, up $4 million, or less than 1%, compared to March 31, 2017. E&P companies accounted for 48% of energy loans outstanding and 55% of energy loan commitments, midstream companies accounted for 19% of energy loans and 21% of energy loan commitments, and service companies accounted for 33% of energy loans and 24% of energy loan commitments.

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At June 30, 2017, $95 million in energy loans were on non-accrual status (down $19 million, or 16%, compared to March 31, 2017), and $2.4 million in energy loans (excluding non-accruing loans) were past due greater than 30 days at quarter-end. Classified energy loans decreased $54 million, or 30%, and criticized energy loans decreased $71 million, or 29%, between quarter-ends. At June 30, 2017, approximately 23% of energy loans were classified and 32% were criticized, compared to approximately 32% and 44%, respectively, at March 31, 2017. Since December 2014, the Company has experienced $19 million in energy-related net charge-offs. Additional information regarding the Company’s energy loan and energy-related commitment exposure is provided in Table 8 of this press release and in the supplemental investor presentation.

At June 30, 2017, the Company’s indirect automobile lending business had approximately $92 million in loans outstanding, down $18 million, or 16%, compared to March 31, 2017 (0.6% of total loans outstanding compared to 0.7% at March 31, 2017).

Deposits

Total deposits decreased $459 million, or 3%, between March 31, 2017 and June 30, 2017. Over that period, non-interest-bearing deposits decreased $11 million, or less than 1%, and equated to 30% of total deposits at June 30, 2017. Money market accounts decreased $355 million, or 6%, NOW accounts increased $4 million, or less than 1%, time deposits decreased $81 million, or 4%, and savings deposits declined $15 million, or 2%. Deposit growth during the second quarter of 2017 was strongest in the Lake Charles, Huntsville, Birmingham, Dallas, and Baton Rouge markets.

Table D - Period-End Deposits
(Dollars in thousands)
							Linked Qtr Change						Year/Year Change				Mix
	6/30/2017		3/31/2017		6/30/2016		$		%		Annualized		$		%		6/30/2017		3/31/2017
Non-interest-bearing	$	5,020,195	$	5,031,583	$	4,539,254	(11,388	)	(0.2	)	(0.9	)%	480,941		10.6		29.8	%	29.1	%
NOW accounts	3,089,482		3,085,720		2,985,284		3,762		0.1		0.5	%	104,198		3.5		18.3	%	17.8	%
Money market accounts	6,017,654		6,372,855		5,391,390		(355,201	)	(5.6	)	(22.3	)%	626,264		11.6		35.7	%	36.8	%
Savings accounts	797,859		813,009		796,855		(15,150	)	(1.9	)	(7.5	)%	1,004		0.1		4.8	%	4.7	%
Time deposits	1,927,926		2,009,098		2,149,244		(81,172	)	(4.0	)	(16.2	)%	(221,318	)	(10.3	)	11.4	%	11.6	%
Total deposits	$	16,853,116	$	17,312,265	$	15,862,027	(459,149	)	(2.7	)	(10.6	)%	991,089		6.2		100.0	%	100.0	%

On an average balance and linked quarter basis, non-interest-bearing deposits increased $16 million, or less than 1%, and interest-bearing deposits decreased $366 million, or 3%. The rate on average interest-bearing deposits in the second quarter of 2017 was 0.56%, up four basis points on a linked quarter basis, while the cost of total deposits (including non-interest bearing deposits) was 0.40%, up three basis points. The increase in the cost of interest-bearing deposits was primarily the result of a less favorable change in the mix of interest-bearing deposits during the second quarter of 2017. Marginal deposit rates remained relatively stable throughout the second quarter of 2017.

Other Assets And Funding

On an average balance and linked quarter basis, the investment portfolio increased $288 million, or 8%, in the second quarter of 2017, to $4.0 billion. On a period-end basis, the investment portfolio equated to $4.1 billion, or 19% of total assets at June 30, 2017, up $184 million, or 5%, compared to March 31, 2017. The investment portfolio had an effective duration of 3.5 years at June 30, 2017, compared to 3.8 years at March 31, 2017. The investment portfolio had a $19 million unrealized loss at June 30, 2017, an improvement from a $32 million unrealized loss at March 31, 2017. The average yield on investment securities increased eight basis points on a linked quarter basis to 2.32% in the second quarter of 2017. The Company holds in its investment portfolio primarily government agency securities. Municipal securities comprised 9% of total investments at June 30, 2017.

On a linked quarter basis, average short-term borrowings (including repurchase agreements) decreased $58 million, or 14%, and the cost of short-term borrowings decreased one basis point. At June 30, 2017, short-term borrowings (including repurchase

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agreements) increased $135 million, or 30%, compared to March 31, 2017. On a linked quarter basis, average long-term debt increased $10 million, or 2%, and the cost of long-term debt increased seven basis points to 2.29%. The cost of average interest-bearing liabilities was 0.64% in the second quarter of 2017, up five basis points on a linked quarter basis.

Asset Quality

Non-performing assets ("NPAs") decreased $21 million, or 10%, to $198 million at June 30, 2017. Acquired NPAs increased $4 million, while legacy NPAs, which include energy and non-energy loans, decreased $25 million, or 13%, and equated to 0.87% of total assets (down from 0.99% at March 31, 2017). Energy-related NPAs (which are included in legacy loans) decreased by $21 million, or 18%, and accounted for nearly all of the decline in the Company's total NPAs during the second quarter of 2017. At June 30, 2017, non-energy-related NPAs remained essentially unchanged during the second quarter, and equated to 0.49% of non-energy-related assets.

Aggregate loans past due 30 to 89 days increased $15 million, or 41%, and equated to 0.33% of total loans at June 30, 2017, compared to 0.24% at March 31, 2017.

Net charge-offs totaled $10.9 million in the second quarter of 2017, up $4.8 million, or 80%, compared to the first quarter of 2017. Annualized net charge-offs equated to 0.29% of average loans in the second quarter of 2017, a 13 basis point increase on a linked quarter basis. The Company reported no energy-related net charge-offs during the second quarter of 2017. Approximately half of the linked-quarter increase in net charge-offs was associated with one commercial loan. The Company believes that credit situation was an isolated event and not indicative of a change in asset quality trends or general deterioration in the loan portfolio.

Capital Position

At June 30, 2017, the Company reported a non-GAAP tangible common equity ratio of 12.45%, up 35 basis points compared to March 31, 2017, and the preliminary Tier 1 leverage ratio was 13.19%, up 28 basis points compared to March 31, 2017. The Company’s preliminary calculation of its total risk-based capital ratio at June 30, 2017, was 16.74%, down 18 basis points compared to March 31, 2017.

At June 30, 2017, book value per common share was $66.08, up $0.83 per share, or 1%, compared to March 31, 2017. Tangible book value per common share was $51.33, up $0.87 per share, or 2%, compared to March 31, 2017. Based on the closing stock price of the Company’s common stock of $81.35 per share on July 20, 2017, this price equated to 1.23 times June 30, 2017 book value per common share and 1.58 times June 30, 2017 tangible book value per common share.

Cash Dividends On Common Stock. On June 20, 2017, the Company declared a quarterly cash dividend of $0.36 per common share, a 6% increase compared to the same quarter in the prior year. This common dividend level equated to an annualized dividend rate of $1.44 per common share. Based on the Company's closing common stock price on July 20, 2017, the indicated dividend yield was 1.77% per common share. The payment of dividends on the common stock is at the discretion of the Board of Directors.

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. The Company did not repurchase common shares under the authorized program during the second quarter of 2017. The Company has approximately 747,000 shares of common stock remaining that may be purchased under the currently authorized program.

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 7, 2017, the Company declared a semi-annual cash dividend of $0.828125 per depositary share that is payable on August 1, 2017.

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%

8

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 20, 2017, the Company declared a quarterly cash dividend of $0.412500 per depositary share that is payable on August 1, 2017.

Common Stock. On December 7, 2016, the Company issued and sold 3.6 million shares of common stock at a price of $81.50 per common share. After deducting underwriting discounts and commissions and other related expenses, net proceeds of the sale were approximately $279 million. On March 7, 2017, the Company issued and sold 6.1 million shares of common stock at a price of $83.00 per common share. After deducting underwriting discounts and commissions and other related expenses, net proceeds of the sale were approximately $485 million. The estimated dilutive impact of carrying the excess capital associated with these two common stock offerings was approximately $0.17 per common share during the second quarter of 2017 and $0.28 per common share year-to-date through June 30, 2017.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 301 combined offices, including 203 bank branch offices and one loan production office in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, and South Carolina, 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 also trade on the NASDAQ Global Select Market under the symbols "IBKCP" and "IBKCO", respectively. The Company’s common stock market capitalization was approximately $4.2 billion, based on the NASDAQ Global Select Market closing stock price on July 20, 2017.

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

• Bank of America Merrill Lynch

• FIG Partners, LLC

• Hovde Group, LLC

• Jefferies & Co., Inc.

• JMP Securities LLC

• 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 Friday, July 21, 2017, beginning at 8:30 a.m. Central Time by dialing 1-888-317-6003. The confirmation code for the call is 6591359. A replay of the call will be available until midnight Central Time on July 28, 2017 by dialing 1-877-344-7529. The confirmation code for the replay is 10109052. 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

9

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, 2016, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC’s website, http://www.sec.gov, and the Company’s website, http://www.iberiabank.com. To the extent that statements in this press release relate to future plans, objectives, financial results or performance by the Company, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are generally identified by use of words such as “may,” “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 formerly subject to loss share agreements with the FDIC, effects of the on-going correction in residential real estate prices and  levels of home sales, our ability to satisfy 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.

10

Table 1 - IBERIABANK CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
		As of and For the Three Months Ended
INCOME DATA:		6/30/2017			3/31/2017			% Change		6/30/2016			% Change
	Net interest income	$	183,643		$	172,818		6.3		$	162,753		12.8
	Net interest income (TE) (1)	186,135			175,309			6.2		165,043			12.8
	Total revenues	239,609			220,164			8.8		227,670			5.2
	Provision for loan losses	12,050			6,154			95.8		11,866			1.6
	Non-interest expense	147,508			141,018			4.6		139,504			5.7
	Net income available to common shareholders	51,069			46,874			8.9		49,956			2.2
PER COMMON SHARE DATA:
	Earnings available to common shareholders - basic	$	1.00		$	1.01		(1.0	)	$	1.21		(17.4	)
	Earnings available to common shareholders - diluted	0.99			1.00			(1.0	)	1.21			(18.2	)
	Core earnings (Non-GAAP) (2)	1.10			1.02			7.8		1.18			(6.8	)
	Book value	66.08			65.25			1.3		61.05			8.2
	Tangible book value (Non-GAAP) (2) (3)	51.33			50.46			1.7		42.53			20.7
	Closing stock price	81.50			79.10			3.0		59.73			36.4
	Cash dividends	0.36			0.36			—		0.34			5.9
KEY RATIOS AND OTHER DATA (6):
	Net interest margin (TE) (1)	3.71		%	3.53		%			3.65		%
	Efficiency ratio	61.6			64.1					61.3
	Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2) (3)	57.6			61.6					60.0
	Return on average assets	0.96			0.94					1.02
	Return on average common equity	6.08			6.41					8.05
	Core return on average tangible common equity (Non-GAAP) (2)(3)	8.86			8.99					11.64
	Effective tax rate	35.0			30.9					33.4
	Full-time equivalent employees	3,190			3,161					3,122
CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) (2) (3)	12.45		%	12.10		%			9.00		%
	Tangible common equity to risk-weighted assets (3)	14.32			14.49					10.16
	Tier 1 leverage ratio (4)	13.19			12.91					9.70
	Common equity Tier 1 (CET 1) (transitional) (4)	14.52			14.64					10.09
	Common equity Tier 1 (CET 1) (fully phased-in) (4)	14.50			14.60					9.99
	Tier 1 capital (transitional) (4)	15.24			15.38					10.85
	Total risk-based capital ratio (4)	16.74			16.92					12.47
	Common stock dividend payout ratio	36.2			39.0					28.0

11

	Classified assets to Tier 1 capital (7)	13.4		15.2		25.1
ASSET QUALITY RATIOS (LEGACY):
	Non-performing assets to total assets (5)	0.87	%	0.99	%	0.63	%
	Allowance for loan losses to loans	0.80		0.82		0.89
	Net charge-offs to average loans (annualized)	0.30		0.20		0.38
	Non-performing assets to total loans and OREO (5)	1.27		1.52		0.92
(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)	Regulatory capital ratios as of June 30, 2017 are preliminary.
(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.
(7)	Classified assets include commercial loans rated substandard or worse and non-performing mortgage and consumer loans and include acquired impaired loans accounted for under ASC 310-30.

12

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
	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
Interest income	$	204,575		$	192,533		12,042		6.3		$	180,805		$	180,504		$	178,694		25,881		14.5
Interest expense	20,932			19,715			1,217		6.2		19,140			17,087			15,941			4,991		31.3
Net interest income	183,643			172,818			10,825		6.3		161,665			163,417			162,753			20,890		12.8
Provision for loan losses	12,050			6,154			5,896		95.8		5,169			12,484			11,866			184		1.6
Net interest income after provision for loan losses	171,593			166,664			4,929		3.0		156,496			150,933			150,887			20,706		13.7
Mortgage income	19,730			14,115			5,615		39.8		16,115			21,807			25,991			(6,261	)	(24.1	)
Service charges on deposit accounts	11,410			11,153			257		2.3		11,178			11,066			10,940			470		4.3
Title revenue	6,190			4,741			1,449		30.6		5,332			6,001			6,135			55		0.9
Broker commissions	2,744			2,738			6		0.2		4,006			3,797			3,712			(968	)	(26.1	)
ATM/debit card fee income	3,800			3,585			215		6.0		3,604			3,483			3,650			150		4.1
Income from bank owned life insurance	1,241			1,311			(70	)	(5.3	)	1,323			1,305			1,411			(170	)	(12.0	)
Gain on sale of available-for-sale securities	59			—			59		N/M		4			12			1,789			(1,730	)	(96.7	)
Other non-interest income	10,792			9,703			1,089		11.2		11,676			12,350			11,289			(497	)	(4.4	)
Total non-interest income	55,966			47,346			8,620		18.2		53,238			59,821			64,917			(8,951	)	(13.8	)
Salaries and employee benefits	86,317			81,853			4,464		5.5		80,811			85,028			85,105			1,212		1.4
Occupancy and equipment	16,292			16,021			271		1.7		15,551			16,526			16,813			(521	)	(3.1	)
Loss on early termination of loss share agreements	—			—			—		—		17,798			—			—			—		—
Amortization of acquisition intangibles	1,651			1,770			(119	)	(6.7	)	2,087			2,106			2,109			(458	)	(21.7	)
Other non-interest expense	43,248			41,374			1,874		4.5		35,323			34,479			35,477			7,771		21.9
Total non-interest expense	147,508			141,018			6,490		4.6		151,570			138,139			139,504			8,004		5.7
Income before income taxes	80,051			72,992			7,059		9.7		58,164			72,615			76,300			3,751		4.9
Income tax expense	28,033			22,519			5,514		24.5		13,034			24,547			25,490			2,543		10.0
Net income	52,018			50,473			1,545		3.1		45,130			48,068			50,810			1,208		2.4
Preferred stock dividends	(949		)	(3,599		)	2,650		73.6		(957		)	(3,590		)	(854		)	(95	)	(11.1	)
Net income available to common shareholders	$	51,069		$	46,874		4,195		8.9		$	44,173		$	44,478		$	49,956		1,113		2.2
Income available to common shareholders - basic	$	51,069		$	46,874		4,195		8.9		$	44,173		$	44,478		$	49,956		1,113		2.2
Earnings allocated to unvested restricted stock	(361		)	(346		)	(15	)	4.3		(414		)	(462		)	(540		)	179		33.1
Earnings allocated to common shareholders	$	50,708		$	46,528		4,180		9.0		$	43,759		$	44,016		$	49,416		1,292		2.6

13

Earnings per common share - basic	$	1.00	$	1.01	(0.01	)	(1.0	)	$	1.05	$	1.08	$	1.21		(0.21	)	(17.4	)
Earnings per common share - diluted	0.99		1.00		(0.01	)	(1.0	)	1.04		1.08		1.21			(0.22	)	(18.2	)
Impact of non-core items (Non-GAAP) (1)	0.11		0.02		0.09		450.0		0.12		—		(0.03		)	0.14		(466.7	)
Earnings per share - diluted, excluding non-core items (Non-GAAP) (1)	$	1.10	$	1.02	0.08		7.8		$	1.16	$	1.08	$	1.18		(0.08	)	(6.8	)
NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	50,630		46,123		4,507		9.8		41,688		40,618		40,771			9,859		24.2
Weighted average common shares outstanding - diluted	50,984		46,496		4,488		9.7		41,950		40,811		40,908			10,076		24.6
Book value shares (period end)	51,015		50,970		45		0.1		44,795		41,082		41,039			9,976		24.3
(1)  See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.
N/M = not meaningful

14

Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Dollars in thousands, except per share data)
	For the Six Months Ended
							Linked Qtr Change
	6/30/2017			6/30/2016			$		%
Interest income	$	397,108		$	355,630		41,478		11.7
Interest expense	40,647			31,474			9,173		29.1
Net interest income	356,461			324,156			32,305		10.0
Provision for loan losses	18,204			26,771			(8,567	)	(32.0	)
Net interest income after provision for loan losses	338,257			297,385			40,872		13.7
Mortgage income	33,845			45,931			(12,086	)	(26.3	)
Service charges on deposit accounts	22,563			21,891			672		3.1
Title revenue	10,931			10,880			51		0.5
Broker commissions	5,482			7,535			(2,053	)	(27.2	)
ATM/debit card fee income	7,385			7,153			232		3.2
Income from bank owned life insurance	2,552			2,613			(61	)	(2.3	)
Gain on sale of available-for-sale securities	59			1,985			(1,926	)	(97.0	)
Other non-interest income	20,495			22,774			(2,279	)	(10.0	)
Total non-interest income	103,312			120,762			(17,450	)	(14.4	)
Salaries and employee benefits	168,170			165,847			2,323		1.4
Occupancy and equipment	32,313			33,720			(1,407	)	(4.2	)
Amortization of acquisition intangibles	3,421			4,222			(801	)	(19.0	)
Other non-interest expense	84,622			73,167			11,455		15.7
Total non-interest expense	288,526			276,956			11,570		4.2
Income before income taxes	153,043			141,191			11,852		8.4
Income tax expense	50,552			47,612			2,940		6.2
Net income	102,491			93,579			8,912		9.5
Preferred stock dividends	(4,548		)	(3,430		)	(1,118	)	(32.6	)
Net income available to common shareholders	$	97,943		$	90,149		7,794		8.6
Income available to common shareholders - basic	$	97,943		$	90,149		7,794		8.6
Earnings allocated to unvested restricted stock	(707		)	(1,003		)	296		29.5
Earnings allocated to common shareholders	$	97,236		$	89,146		8,090		9.1
Earnings per common share - basic	$	2.01		$	2.19		(0.18	)	(8.2	)
Earnings per common share - diluted	1.99			2.18			(0.19	)	(8.7	)
Impact of non-core items (Non-GAAP) (1)	0.14			0.01			0.13		1,300.0
Earnings per share - diluted, excluding non-core items (Non-GAAP) (1)	$	2.13		$	2.19		(0.06	)	(2.7	)
NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	48,389			40,741			7,648		18.8
Weighted average common shares outstanding - diluted	48,751			40,836			7,915		19.4
Book value shares (period end)	51,015			41,039			9,976		24.3
(1)  See Table 12 and Table 13 for GAAP to Non-GAAP reconciliations.

15

TABLE 4 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
PERIOD-END BALANCES							Linked Qtr Change													Year/Year Change
ASSETS	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
Cash and due from banks	$	301,910		$	276,979		24,931		9.0		$	295,896		$	327,799		$	288,141		13,769		4.8
Interest-bearing deposits in other banks	167,450			1,024,139			(856,689	)	(83.6	)	1,066,230			773,454			417,157			(249,707	)	(59.9	)
Total cash and cash equivalents	469,360			1,301,118			(831,758	)	(63.9	)	1,362,126			1,101,253			705,298			(235,938	)	(33.5	)
Investment securities available for sale	4,009,299			3,823,953			185,346		4.8		3,446,097			2,885,413			2,776,015			1,233,284		44.4
Investment securities held to maturity	84,517			86,018			(1,501	)	(1.7	)	89,216			90,653			92,904			(8,387	)	(9.0	)
Total investment securities	4,093,816			3,909,971			183,845		4.7		3,535,313			2,976,066			2,868,919			1,224,897		42.7
Mortgage loans held for sale	140,959			122,333			18,626		15.2		157,041			210,866			229,653			(88,694	)	(38.6	)
Loans, net of unearned income	15,556,016			15,132,202			423,814		2.8		15,064,971			14,924,499			14,722,561			833,455		5.7
Allowance for loan losses	(146,225		)	(144,890		)	(1,335	)	0.9		(144,719		)	(148,193		)	(147,452		)	1,227		(0.8	)
Loans, net	15,409,791			14,987,312			422,479		2.8		14,920,252			14,776,306			14,575,109			834,682		5.7
Loss share receivable	—			—			—		—		—			24,406			29,224			(29,224	)	(100.0	)
Premises and equipment	318,167			303,978			14,189		4.7		306,373			308,932			311,173			6,994		2.2
Goodwill and other intangibles	757,025			758,340			(1,315	)	(0.2	)	759,823			761,206			763,387			(6,362	)	(0.8	)
Other assets	601,609			625,427			(23,818	)	(3.8	)	618,262			629,531			678,092			(76,483	)	(11.3	)
Total assets	$	21,790,727		$	22,008,479		(217,752	)	(1.0	)	$	21,659,190		$	20,788,566		$	20,160,855		1,629,872		8.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	5,020,195		$	5,031,583		(11,388	)	(0.2	)	$	4,928,878		$	4,787,485		$	4,539,254		480,941		10.6
NOW accounts	3,089,482			3,085,720			3,762		0.1		3,314,281			2,904,835			2,985,284			104,198		3.5
Savings and money market accounts	6,815,513			7,185,864			(370,351	)	(5.2	)	7,033,917			6,646,694			6,188,245			627,268		10.1
Certificates of deposit	1,927,926			2,009,098			(81,172	)	(4.0	)	2,131,207			2,183,503			2,149,244			(221,318	)	(10.3	)
Total deposits	16,853,116			17,312,265			(459,149	)	(2.7	)	17,408,283			16,522,517			15,862,027			991,089		6.2
Short-term borrowings	250,000			80,000			170,000		212.5		175,000			360,000			477,620			(227,620	)	(47.7	)
Securities sold under agreements to repurchase	333,935			368,696			(34,761	)	(9.4	)	334,136			353,272			288,017			45,918		15.9
Trust preferred securities	120,110			120,110			—		—		120,110			120,110			120,110			—		—
Other long-term debt	547,133			507,975			39,158		7.7		508,843			552,328			567,326			(20,193	)	(3.6	)
Other liabilities	183,191			161,458			21,733		13.5		173,124			213,229			208,158			(24,967	)	(12.0	)
Total liabilities	18,287,485			18,550,504			(263,019	)	(1.4	)	18,719,496			18,121,456			17,523,258			764,227		4.4
Total shareholders' equity	3,503,242			3,457,975			45,267		1.3		2,939,694			2,667,110			2,637,597			865,645		32.8
Total liabilities and shareholders' equity	$	21,790,727		$	22,008,479		(217,752	)	(1.0	)	$	21,659,190		$	20,788,566		$	20,160,855		1,629,872		8.1

16

TABLE 4 Continued - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
AVERAGE BALANCES							Linked Qtr Change													Year/Year Change
ASSETS	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
Cash and due from banks	$	277,047		$	302,585		(25,538	)	(8.4	)	$	310,132		$	299,445		$	304,304		(27,257	)	(9.0	)
Interest-bearing deposits in other banks	555,431			1,023,688			(468,257	)	(45.7	)	930,524			536,741			386,139			169,292		43.8
Total cash and cash equivalents	832,478			1,326,273			(493,795	)	(37.2	)	1,240,656			836,186			690,443			142,035		20.6
Investment securities available for sale	3,970,021			3,679,817			290,204		7.9		3,192,040			2,825,030			2,823,292			1,146,729		40.6
Investment securities held to maturity	85,516			87,246			(1,730	)	(2.0	)	90,161			92,006			94,609			(9,093	)	(9.6	)
Total investment securities	4,055,537			3,767,063			288,474		7.7		3,282,201			2,917,036			2,917,901			1,137,636		39.0
Mortgage loans held for sale	145,274			175,512			(30,238	)	(17.2	)	226,565			219,369			211,468			(66,194	)	(31.3	)
Loans, net of unearned income	15,284,007			15,045,755			238,252		1.6		14,912,350			14,802,199			14,570,945			713,062		4.9
Allowance for loan losses	(146,448		)	(145,326		)	(1,122	)	0.8		(150,499		)	(149,101		)	(149,037		)	2,589		(1.7	)
Loans, net	15,137,559			14,900,429			237,130		1.6		14,761,851			14,653,098			14,421,908			715,651		5.0
Loss share receivable	—			—			—		—		20,456			27,694			32,189			(32,189	)	(100.0	)
Premises and equipment	309,622			305,245			4,377		1.4		308,861			310,592			313,862			(4,240	)	(1.4	)
Goodwill and other intangibles	757,528			758,887			(1,359	)	(0.2	)	760,003			762,196			764,818			(7,290	)	(1.0	)
Other assets	605,539			628,092			(22,553	)	(3.6	)	615,666			666,657			651,328			(45,789	)	(7.0	)
Total assets	$	21,843,537		$	21,861,501		(17,964	)	(0.1	)	$	21,216,259		$	20,392,828		$	20,003,917		1,839,620		9.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	4,992,598		$	4,976,945		15,653		0.3		$	4,869,095		$	4,605,447		$	4,463,928		528,670		11.8
NOW accounts	3,124,243			3,239,085			(114,842	)	(3.5	)	2,981,967			2,936,130			2,911,510			212,733		7.3
Savings and money market accounts	7,079,773			7,211,545			(131,772	)	(1.8	)	6,869,614			6,359,006			6,486,242			593,531		9.2
Certificates of deposit	1,964,234			2,083,749			(119,515	)	(5.7	)	2,172,967			2,176,159			2,117,711			(153,477	)	(7.2	)
Total deposits	17,160,848			17,511,324			(350,476	)	(2.0	)	16,893,643			16,076,742			15,979,391			1,181,457		7.4
Short-term borrowings	38,320			99,000			(60,680	)	(61.3	)	260,730			430,332			358,837			(320,517	)	(89.3	)
Securities sold under agreements to repurchase	314,090			311,726			2,364		0.8		342,953			302,119			265,465			48,625		18.3
Trust preferred securities	120,110			120,110			—		—		120,110			120,110			120,110			—		—
Other long-term debt	508,522			498,384			10,138		2.0		544,353			562,598			473,195			35,327		7.5
Other liabilities	200,673			221,993			(21,320	)	(9.6	)	300,768			239,911			203,050			(2,377	)	(1.2	)
Total liabilities	18,342,563			18,762,537			(419,974	)	(2.2	)	18,462,557			17,731,812			17,400,048			942,515		5.4
Total shareholders' equity	3,500,974			3,098,964			402,010		13.0		2,753,702			2,661,016			2,603,869			897,105		34.5
Total liabilities and shareholders' equity	$	21,843,537		$	21,861,501		(17,964	)	(0.1	)	$	21,216,259		$	20,392,828		$	20,003,917		1,839,620		9.2

17

Table 5 - IBERIABANK CORPORATION
TOTAL LOANS AND ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
LOANS	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
Commercial loans:
Real Estate- Owner Occupied (1)	$	2,205,408		$	2,187,406		18,002		0.8		$	2,234,636		$	2,163,541		$	2,109,448		95,960		4.5
Real Estate- Non-Owner Occupied	4,936,195			4,790,468			145,727		3.0		4,567,630			4,517,674			4,362,553			573,642		13.1
Commercial and Industrial	3,684,081			3,455,578			228,503		6.6		3,543,122			3,462,997			3,435,809			248,272		7.2
Energy (Real Estate and Commercial and Industrial) (2)	551,968			563,623			(11,655	)	(2.1	)	561,193			599,641			662,034			(110,066	)	(16.6	)
Total commercial loans	11,377,652			10,997,075			380,577		3.5		10,906,581			10,743,853			10,569,844			807,808		7.6
Residential mortgage loans	1,346,467			1,296,358			50,109		3.9		1,267,400			1,270,530			1,249,062			97,405		7.8
Consumer loans:
Home equity	2,158,948			2,146,796			12,152		0.6		2,155,926			2,151,130			2,129,812			29,136		1.4
Indirect automobile	92,130			110,200			(18,070	)	(16.4	)	131,052			153,913			182,223			(90,093	)	(49.4	)
Automobile	135,012			142,139			(7,127	)	(5.0	)	147,662			152,972			156,597			(21,585	)	(13.8	)
Credit card	87,088			84,113			2,975		3.5		82,992			80,959			78,552			8,536		10.9
Other	358,719			355,521			3,198		0.9		373,358			371,142			356,471			2,248		0.6
Total consumer loans	2,831,897			2,838,769			(6,872	)	(0.2	)	2,890,990			2,910,116			2,903,655			(71,758	)	(2.5	)
Total loans	$	15,556,016		$	15,132,202		423,814		2.8		$	15,064,971		$	14,924,499		$	14,722,561		833,455		5.7
Allowance for loan losses (3)	$	(146,225	)	$	(144,890	)	(1,335	)	0.9		$	(144,719	)	$	(148,193	)	$	(147,452	)	1,227		(0.8	)
Loans, net	15,409,791			14,987,312			422,479		2.8		14,920,252			14,776,306			14,575,109			834,682		5.7
Reserve for unfunded commitments	(10,462		)	(11,660		)	1,198		(10.3	)	(11,241		)	(11,990		)	(13,826		)	3,364		(24.3	)
Allowance for credit losses	(156,687		)	(156,550		)	(137	)	0.1		(155,960		)	(160,183		)	(161,278		)	4,591		(2.8	)
ASSET QUALITY DATA
Non-accrual loans (4)	$	177,956		$	191,582		(13,626	)	(7.1	)	$	228,501		$	235,521		$	101,738		76,218		74.9
Other real estate owned and foreclosed assets	19,718			20,055			(337	)	(1.7	)	21,199			22,085			27,220			(7,502	)	(27.6	)
Accruing loans more than 90 days past due (4)	802			7,980			(7,178	)	(89.9	)	1,386			5,233			751			51		6.8
Total non-performing assets	$	198,476		$	219,617		(21,141	)	(9.6	)	$	251,086		$	262,839		$	129,709		68,767		53.0
Loans 30-89 days past due (4)	$	50,840		$	36,172		14,668		40.6		$	28,869		$	45,125		$	50,592		248		0.5
Non-performing assets to total assets	0.91		%	1.00		%					1.16		%	1.26		%	0.64		%
Non-performing assets to total loans and OREO	1.27			1.45							1.66			1.76			0.88
Allowance for loan losses to non-performing loans (5)	81.8			72.6							63.0			61.6			143.9
Allowance for loan losses to non-performing assets	73.7			66.0							57.6			56.4			113.7

18

Allowance for loan losses to total loans	0.94			0.96						0.96			0.99			1.00
Quarter-to-date charge-offs	$	12,189		$	7,291		4,898		67.2	$	9,785		$	11,500		$	12,994		(805	)	(6.2	)
Quarter-to-date recoveries	(1,289		)	(1,235		)	(54	)	4.4	(2,135		)	(1,277		)	(1,071		)	(218	)	20.4
Quarter-to-date net charge-offs	$	10,900		$	6,056		4,844		80.0	$	7,650		$	10,223		$	11,923		(1,023	)	(8.6	)
Net charge-offs to average loans (annualized)	0.29		%	0.16		%				0.21		%	0.28		%	0.33		%
(1) Real estate- owner-occupied is defined as loans with a "1E1" Call Report Code (loans secured by owner-occupied non-farm non-residential properties).
(2) For purposes of this table, energy loans generally include loans with specific NAICS codes that relate to the Oil and Gas E&P, Services or Midstream industries.
(3) The allowance for loan losses includes impairment reserves attributable to acquired impaired loans.
(4) For purposes of this table, non-accrual and past due loans exclude acquired impaired loans accounted for under ASC 310-30 that are currently accruing income.
(5) Non-performing loans consist of non-accruing loans and accruing loans 90 days or more past due.

19

Table 6 - IBERIABANK CORPORATION
LEGACY LOANS AND LEGACY ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
LEGACY LOANS	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
Commercial loans:
Real Estate- Owner Occupied (1)	$	1,815,167		$	1,769,153		46,014		2.6		$	1,784,624		$	1,683,557		$	1,614,351		200,816		12.4
Real Estate- Non-Owner Occupied	4,299,763			4,109,356			190,407		4.6		3,838,690			3,735,926			3,483,338			816,425		23.4
Commercial and Industrial	3,390,699			3,140,205			250,494		8.0		3,194,796			3,101,472			3,027,590			363,109		12.0
Energy (Real Estate and Commercial and Industrial) (2)	550,162			562,515			(12,353	)	(2.2	)	559,289			598,279			659,510			(109,348	)	(16.6	)
Total commercial loans	10,055,791			9,581,229			474,562		5.0		9,377,399			9,119,234			8,784,789			1,271,002		14.5
Residential mortgage loans	970,961			901,859			69,102		7.7		854,216			840,082			794,701			176,260		22.2
Consumer loans:
Home equity	1,838,841			1,797,123			41,718		2.3		1,783,421			1,755,295			1,695,113			143,728		8.5
Indirect automobile	92,106			110,174			(18,068	)	(16.4	)	131,048			153,904			182,199			(90,093	)	(49.4	)
Automobile	127,265			133,852			(6,587	)	(4.9	)	138,638			143,355			146,394			(19,129	)	(13.1	)
Credit card	86,587			83,612			2,975		3.6		82,524			80,452			78,044			8,543		10.9
Other	321,859			315,595			6,264		2.0		327,678			321,048			303,609			18,250		6.0
Total consumer loans	2,466,658			2,440,356			26,302		1.1		2,463,309			2,454,054			2,405,359			61,299		2.5
Total loans	$	13,493,410		$	12,923,444		569,966		4.4		$	12,694,924		$	12,413,370		$	11,984,849		1,508,561		12.6
Allowance for loan losses	$	(107,610	)	$	(105,813	)	(1,797	)	1.7		$	(105,569	)	$	(108,889	)	$	(106,861	)	(749	)	0.7
Loans, net	13,385,800			12,817,631			568,169		4.4		12,589,355			12,304,481			11,877,988			1,507,812		12.7
Reserve for unfunded commitments	(10,462		)	(11,660		)	1,198		(10.3	)	(11,241		)	(11,990		)	(13,826		)	3,364		(24.3	)
Allowance for credit losses	(118,072		)	(117,473		)	(599	)	0.5		(116,810		)	(120,879		)	(120,687		)	2,615		(2.2	)
ASSET QUALITY DATA
Non-accrual loans	$	163,748		$	185,078		(21,330	)	(11.5	)	$	221,543		$	227,122		$	95,096		68,652		72.2
Other real estate owned and foreclosed assets	7,106			8,217			(1,111	)	(13.5	)	9,264			11,538			14,478			(7,372	)	(50.9	)
Accruing loans more than 90 days past due	610			3,100			(2,490	)	(80.3	)	1,104			4,936			353			257		72.8
Total non-performing assets	$	171,464		$	196,395		(24,931	)	(12.7	)	$	231,911		$	243,596		$	109,927		61,537		56.0
Loans 30-89 days past due	$	40,882		$	32,286		8,596		26.6		$	24,902		$	41,157		$	45,906		(5,024	)	(10.9	)
Non-performing assets to total assets	0.87		%	0.99		%					1.20		%	1.33		%	0.63		%
Non-performing assets to total loans and OREO	1.27			1.52							1.83			1.96			0.92
Allowance for loan losses to non-performing loans (3)	65.5			56.2							47.4			46.9			112.0
Allowance for loan losses to non-performing assets	62.8			53.9							45.5			44.7			97.2
Allowance for loan losses to total loans	0.80			0.82							0.83			0.88			0.89

20

Quarter-to-date charge-offs	$	10,896		$	7,202		3,694		51.3	$	9,496		$	11,201		$	11,969		(1,073	)	(9.0	)
Quarter-to-date recoveries	(944		)	(880		)	(64	)	7.3	(1,910		)	(1,102		)	(775		)	(169	)	21.8
Quarter-to-date net charge-offs	$	9,952		$	6,322		3,630		57.4	$	7,586		$	10,099		$	11,194		(1,242	)	(11.1	)
Net charge-offs to average loans (annualized)	0.30		%	0.20		%				0.24		%	0.33		%	0.38		%
(1) Real estate- owner-occupied is defined as loans with a "1E1" Call Report Code (loans secured by owner-occupied non-farm non-residential properties).
(2) For purposes of this table, energy loans generally include loans with specific NAICS codes that relate to the Oil and Gas E&P, Services or Midstream industries.
(3) Non-performing loans consist of non-accruing loans and accruing loans 90 days or more past due.

21

Table 7 - IBERIABANK CORPORATION
ACQUIRED LOANS AND ACQUIRED ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
ACQUIRED LOANS	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
Commercial loans:
Real Estate- Owner Occupied (1)	$	390,241		$	418,254		(28,013	)	(6.7	)	$	450,012		$	479,984		$	495,097		(104,856	)	(21.2	)
Real Estate- Non-Owner Occupied	636,432			681,111			(44,679	)	(6.6	)	728,940			781,748			879,215			(242,783	)	(27.6	)
Commercial and Industrial	293,382			315,373			(21,991	)	(7.0	)	348,326			361,525			408,219			(114,837	)	(28.1	)
Energy (Real Estate and Commercial and Industrial) (2)	1,806			1,108			698		63.0		1,904			1,362			2,524			(718	)	(28.4	)
Total commercial loans	1,321,861			1,415,846			(93,985	)	(6.6	)	1,529,182			1,624,619			1,785,055			(463,194	)	(25.9	)
Residential mortgage loans	375,506			394,499			(18,993	)	(4.8	)	413,184			430,448			454,361			(78,855	)	(17.4	)
Consumer loans:
Home equity	320,107			349,673			(29,566	)	(8.5	)	372,505			395,835			434,699			(114,592	)	(26.4	)
Indirect automobile	24			26			(2	)	(7.7	)	4			9			24			—		—
Automobile	7,747			8,287			(540	)	(6.5	)	9,024			9,617			10,203			(2,456	)	(24.1	)
Credit card	501			501			—		—		468			507			508			(7	)	(1.4	)
Other	36,860			39,926			(3,066	)	(7.7	)	45,680			50,094			52,862			(16,002	)	(30.3	)
Total consumer loans	365,239			398,413			(33,174	)	(8.3	)	427,681			456,062			498,296			(133,057	)	(26.7	)
Total loans	$	2,062,606		$	2,208,758		(146,152	)	(6.6	)	$	2,370,047		$	2,511,129		$	2,737,712		(675,106	)	(24.7	)
Allowance for loan losses (3)	$	(38,615	)	$	(39,077	)	462		(1.2	)	$	(39,150	)	$	(39,304	)	$	(40,591	)	1,976		(4.9	)
Loans, net	2,023,991			2,169,681			(145,690	)	(6.7	)	2,330,897			2,471,825			2,697,121			(673,130	)	(25.0	)
ACQUIRED ASSET QUALITY DATA (4)
Non-accrual loans	$	14,208		$	6,504		7,704		118.5		$	6,958		$	8,399		$	6,642		7,566		113.9
Other real estate owned and foreclosed assets	12,612			11,838			774		6.5		11,935			10,547			12,742			(130	)	(1.0	)
Accruing loans more than 90 days past due	192			4,880			(4,688	)	(96.1	)	282			297			398			(206	)	(51.8	)
Total non-performing assets	$	27,012		$	23,222		3,790		16.3		$	19,175		$	19,243		$	19,782		7,230		36.5
Loans 30-89 days past due	$	9,958		$	3,886		6,072		156.3		$	3,967		$	3,968		$	4,686		5,272		112.5
Non-performing assets to total assets	1.32		%	1.06		%					0.81		%	0.76		%	0.72		%
Non-performing assets to total loans and OREO	1.30			1.05							0.81			0.76			0.72
Allowance for loan losses to non-performing loans	268.2			343.3							540.7			452.0			576.6
Allowance for loan losses to non-performing assets	143.0			168.3							204.2			204.3			205.2
Allowance for loan losses to total loans	1.87			1.77							1.65			1.57			1.48
Quarter-to-date charge-offs	$	1,293		$	89		1,204		1,352.8		$	289		$	299		$	1,025		268		26.1
Quarter-to-date recoveries	(345		)	(355		)	10		(2.8	)	(225		)	(175		)	(296		)	(49	)	16.6
Quarter-to-date net charge-offs/(recoveries)	$	948		$	(266	)	1,214		(456.4	)	$	64		$	124		$	729		219		30.0

22

Net charge-offs/(recoveries) to average loans (annualized)	0.18	%	(0.05	)%	0.01	%	0.02	%	0.10	%
(1) Real estate- owner-occupied is defined as loans with a "1E1" Call Report Code (loans secured by owner-occupied non-farm non-residential properties).
(2) For purposes of this table, energy loans generally include loans with specific NAICS codes that relate to the Oil and Gas E&P, Services or Midstream industries.
(3) The allowance for loan losses includes impairment reserves attributable to acquired impaired loans.
(4) Acquired non-performing loans exclude acquired impaired loans, even if contractually past due or if the Company does not expect to receive payment in full, as the Company is currently accreting interest income over the expected life of the loans.

23

Table 8 - IBERIABANK CORPORATION
ENERGY LOANS, ENERGY-RELATED COMMITMENTS AND ASSET QUALITY DATA
(Dollars in thousands)
ENERGY LOANS: (1)							Linked Qtr Change													Year/Year Change
	6/30/2017			3/31/2017			$		%		12/31/2016			9/30/2016			6/30/2016			$		%
E&P	$	264,336		$	265,696		(1,360	)	(0.5	)	$	290,711		$	301,223		$	328,066		(63,730	)	(19.4	)
Midstream	106,999			123,436			(16,437	)	(13.3	)	90,120			110,821			123,687			(16,688	)	(13.5	)
Service	180,633			174,491			6,142		3.5		180,362			187,597			210,281			(29,648	)	(14.1	)
Total energy loans	$	551,968		$	563,623		(11,655	)	(2.1	)	$	561,193		$	599,641		$	662,034		(110,066	)	(16.6	)
ENERGY-RELATED COMMITMENTS:
E&P	$	571,964		$	543,689		28,275		5.2		$	545,061		$	545,383		$	572,267		(303	)	(0.1	)
Midstream	213,273			238,186			(24,913	)	(10.5	)	182,998			198,618			201,555			11,718		5.8
Service	244,267			243,991			276		0.1		241,740			261,450			295,591			(51,324	)	(17.4	)
Total energy-related commitments	$	1,029,504		$	1,025,866		3,638		0.4		$	969,799		$	1,005,451		$	1,069,413		(39,909	)	(3.7	)
Total loans net of unearned income	$	15,556,016		$	15,132,202		423,814		2.8		$	15,064,971		$	14,924,499		$	14,722,561		833,455		5.7
Energy loan outstandings as a % of total loans	3.5		%	3.7		%					3.7		%	4.0		%	4.5		%
Energy-related commitments as a % of total commitments	5.1		%	5.2		%					4.8		%	5.1		%	5.4		%
Allowance for loan losses	$	(23,046	)	$	(20,144	)	(2,902	)	14.4		$	(22,524	)	$	(28,215	)	$	(33,040	)	9,994		(30.2	)
Reserve for unfunded commitments	(147		)	(203		)	56		(27.6	)	(1,003		)	(953		)	(2,223		)	2,076		(93.4	)
Allowance for credit losses	(23,193		)	(20,347		)	(2,846	)	14.0		(23,527		)	(29,168		)	(35,263		)	12,070		(34.2	)
ASSET QUALITY DATA
Non-accrual loans	$	94,565		$	113,212		(18,647	)	(16.5	)	$	150,329		$	153,620		$	60,814		33,751		55.5
Other real estate owned and foreclosed assets	—			—			—		—		—			—			—			—		—
Accruing loans more than 90 days past due	—			2,175			(2,175	)	(100.0	)	—			—			—			—		—
Total non-performing assets	$	94,565		$	115,387		(20,822	)	(18.0	)	$	150,329		$	153,620		$	60,814		33,751		55.5
Loans 30-89 days past due	$	2,392		$	157		2,235		1,423.6		$	1,526		$	—		$	3,055		(663	)	(21.7	)
Non-performing assets to total energy loans and OREO	17.13		%	20.47		%					26.79		%	25.62		%	9.19		%
Allowance for loan losses to non-performing loans (2)	24.4			17.5							15.0			18.4			54.3
Allowance for loan losses to non-performing assets	24.4			17.5							15.0			18.4			54.3
Allowance for loan losses to total energy loans	4.18			3.57							4.01			4.71			4.99

24

Quarter-to-date charge-offs	$	—		$	2,845		$	2,321		$	6,957		$	7,715
Quarter-to-date recoveries	—			—			(840		)	—			—
Quarter-to-date net charge-offs	$	—		$	2,845		$	1,481		$	6,957		$	7,715
Net charge-offs to average loans (annualized)	—		%	2.05		%	1.02		%	4.39		%	4.44		%
(1) For purposes of this table, energy loans generally include loans with specific NAICS codes that relate to the Oil and Gas E&P, Services or Midstream industries.
(2) Non-performing loans consist of non-accruing loans and accruing loans 90 days or more past due.

25

TABLE 9 - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Three Months Ended
	6/30/2017							3/31/2017						Basis Point Change
ASSETS	Average Balance			Interest Income/Expense		Yield/Rate (TE)(1)		Average Balance		Interest Income/Expense		Yield/Rate (TE)(1)		Yield/Rate (TE)(1)
Earning assets:
Commercial loans	$	11,136,842		$	127,301	4.64	%	$	10,917,714	$	119,605	4.50	%	14
Residential mortgage loans	1,319,207			14,345		4.35		1,273,069		12,848		4.04		31
Consumer loans	2,827,958			37,619		5.34		2,854,972		36,524		5.19		15
Total loans	15,284,007			179,265		4.74		15,045,755		168,977		4.59		15
Loss share receivable	—			—		0.00		—		—		0.00		0
Total loans and loss share receivable	15,284,007			179,265		4.74		15,045,755		168,977		4.59		15
Mortgage loans held for sale	145,274			1,249		3.44		175,512		971		2.21		123
Investment securities (2)	4,029,491			22,307		2.32		3,741,128		19,927		2.24		8
Other earning assets	650,083			1,754		1.08		1,123,087		2,658		0.96		12
Total earning assets	20,108,855			204,575		4.13		20,085,482		192,533		3.93		20
Allowance for loan losses	(146,448		)					(145,326)
Non-earning assets	1,881,130							1,921,345
Total assets	$	21,843,537						$	21,861,501
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	3,124,243		$	3,507	0.45	%	$	3,239,085	$	3,090	0.39	%	6
Savings and money market accounts	7,079,773			9,030		0.51		7,211,545		8,329		0.47		4
Certificates of deposit	1,964,234			4,576		0.93		2,083,749		4,638		0.90		3
Total interest-bearing deposits (3)	12,168,250			17,113		0.56		12,534,379		16,057		0.52		4
Short-term borrowings	352,410			226		0.26		410,726		277		0.27		(1)
Long-term debt	628,632			3,593		2.29		618,494		3,381		2.22		7
Total interest-bearing liabilities	13,149,292			20,932		0.64		13,563,599		19,715		0.59		5
Non-interest-bearing deposits	4,992,598							4,976,945
Non-interest-bearing liabilities	200,673							221,993
Total liabilities	18,342,563							18,762,537
Total shareholders' equity	3,500,974							3,098,964
Total liabilities and shareholders' equity	$	21,843,537						$	21,861,501
Net interest income/Net interest spread				$	183,643	3.49	%			$	172,818	3.34	%	15
Tax-equivalent benefit				2,492		0.05				2,491		0.05		—
Net interest income (TE)/Net interest margin (TE) (1)				$	186,135	3.71	%			$	175,309	3.53	%	18
(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, 2017 and March 31, 2017 were 0.40% and 0.37%, respectively.

26

TABLE 9 Continued - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Three Months Ended
	12/31/2016						9/30/2016						6/30/2016
ASSETS	Average Balance		Interest Income/Expense		Yield/Rate (TE)(1)		Average Balance		Interest Income/Expense		Yield/Rate (TE)(1)		Average Balance		Interest Income/Expense		Yield/Rate (TE)(1)
Earning assets:
Commercial loans	$	10,759,264	$	114,694	4.29	%	$	10,646,874	$	116,653	4.41	%	$	10,458,822	$	114,588	4.46	%
Residential mortgage loans	1,267,413		14,038		4.43		1,254,665		13,718		4.37		1,221,254		13,781		4.51
Consumer loans	2,885,673		36,960		5.10		2,900,660		37,413		5.13		2,890,869		37,200		5.18
Total loans	14,912,350		165,692		4.46		14,802,199		167,784		4.55		14,570,945		165,569		4.61
Loss share receivable	20,456		(3,539)		(68.83	)	27,694		(3,935)		(56.53	)	32,189		(4,163)		(52.01	)
Total loans and loss share receivable	14,932,806		162,153		4.36		14,829,893		163,849		4.44		14,603,134		161,406		4.48
Mortgage loans held for sale	226,565		1,539		2.72		219,369		1,774		3.24		211,468		1,850		3.50
Investment securities (2)	3,154,252		15,464		2.09		2,830,892		13,815		2.08		2,856,805		14,663		2.17
Other earning assets	1,034,980		1,649		0.63		641,080		1,066		0.66		483,597		775		0.64
Total earning assets	19,348,603		180,805		3.77		18,521,234		180,504		3.93		18,155,004		178,694		4.01
Allowance for loan losses	(150,499)						(149,101)						(149,037)
Non-earning assets	2,018,155						2,020,695						1,997,950
Total assets	$	21,216,259					$	20,392,828					$	20,003,917
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	2,981,967	$	2,483	0.33	%	$	2,936,130	$	2,313	0.31	%	$	2,911,510	$	2,080	0.29	%
Savings and money market accounts	6,869,614		7,732		0.45		6,359,006		5,826		0.36		6,486,242		5,527		0.34
Certificates of deposit	2,172,967		4,785		0.88		2,176,159		4,592		0.84		2,117,711		4,309		0.82
Total interest-bearing deposits (3)	12,024,548		15,000		0.50		11,471,295		12,731		0.44		11,515,463		11,916		0.42
Short-term borrowings	603,683		552		0.36		732,451		753		0.41		624,302		662		0.43
Long-term debt	664,463		3,588		2.15		682,708		3,603		2.10		593,305		3,363		2.28
Total interest-bearing liabilities	13,292,694		19,140		0.57		12,886,454		17,087		0.53		12,733,070		15,941		0.51
Non-interest-bearing deposits	4,869,095						4,605,447						4,463,928
Non-interest-bearing liabilities	300,768						239,911						203,050
Total liabilities	18,462,557						17,731,812						17,400,048
Total shareholders' equity	2,753,702						2,661,016						2,603,869
Total liabilities and shareholders' equity	$	21,216,259					$	20,392,828					$	20,003,917
Net interest income/Net interest spread			$	161,665	3.20	%			$	163,417	3.40	%			$	162,753	3.50	%
Tax-equivalent benefit			2,340		0.05				2,330		0.05				2,290		0.05
Net interest income (TE)/Net interest margin (TE) (1)			$	164,005	3.38	%			$	165,747	3.56	%			$	165,043	3.65	%
(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, 2016, September 30, 2016, and June 30, 2016 were 0.35%, 0.32% and 0.30%, respectively.

27

TABLE 10 - IBERIABANK CORPORATION
YEAR-TO-DATE AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Six Months Ended
	6/30/2017							6/30/2016							Basis Point Change
ASSETS	Average Balance			Interest Income/Expense		Yield/Rate (TE)(1)		Average Balance		Interest Income/Expense			Yield/Rate (TE)(1)		Yield/Rate (TE)(1)
Earning assets:
Commercial loans	$	11,027,883		$	246,906	4.57	%	$	10,354,688	$	228,005		4.48	%	9
Residential mortgage loans	1,296,266			27,193		4.20		1,211,973		27,210			4.49		(29)
Consumer loans	2,841,390			74,143		5.26		2,896,016		74,345			5.16		10
Total loans	15,165,539			348,242		4.67		14,462,677		329,560			4.62		5
Loss share receivable	—			—		—		34,775		(8,549		)	(49.44	)	4,944
Total loans and loss share receivable	15,165,539			348,242		4.67		14,497,452		321,011			4.49		18
Mortgage loans held for sale	160,309			2,219		2.77		186,170		3,251			3.49		(72)
Investment securities (2)	3,886,106			42,234		2.28		2,861,890		29,875			2.21		7
Other earning assets	885,278			4,413		1.01		468,667		1,493			0.64		37
Total earning assets	20,097,232			397,108		4.03		18,014,179		355,630			4.02		1
Allowance for loan losses	(145,890		)					(145,215)
Non-earning assets	1,901,127							1,963,650
Total assets	$	21,852,469						$	19,832,614
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	3,181,347		$	6,597	0.42	%	$	2,885,726	$	4,021		0.28	%	14
Savings and money market accounts	7,145,295			17,359		0.49		6,542,540		11,166			0.34		15
Certificates of deposit	2,023,661			9,213		0.92		2,107,871		8,663			0.83		9
Total interest-bearing deposits (3)	12,350,303			33,169		0.54		11,536,137		23,850			0.42		12
Short-term borrowings	381,407			504		0.27		559,486		1,147			0.41		(14)
Long-term debt	623,591			6,974		2.26		558,404		6,477			2.33		(7)
Total interest-bearing liabilities	13,355,301			40,647		0.62		12,654,027		31,474			0.51		11
Non-interest-bearing deposits	4,984,815							4,426,093
Non-interest-bearing liabilities	211,274							185,430
Total liabilities	18,551,390							17,265,550
Total shareholders' equity	3,301,079							2,567,064
Total liabilities and shareholders' equity	$	21,852,469						$	19,832,614
Net interest income/Net interest spread				$	356,461	3.41	%			$	324,156		3.51	%	(10)
Tax-equivalent benefit				4,947		0.05				4,579			0.05		—
Net interest income (TE)/Net interest margin (TE) (1)				$	361,408	3.62	%			$	328,735		3.67	%	(5)
(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, 2017 and 2016 were 0.39% and 0.30%, respectively.

28

Table 11 - IBERIABANK CORPORATION
LEGACY AND ACQUIRED LOAN PORTFOLIO VOLUMES AND YIELDS
(Dollars in millions)
	For the Three Months Ended
	6/30/2017							3/31/2017							12/31/2016							9/30/2016							6/30/2016
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	$	140		$	13,150	4.27	%	$	131		$	12,760	4.12	%	$	125		$	12,481	3.97	%	$	123		$	12,183	4.00	%	$	118		$	11,737	4.04	%
Acquired loans (1)	39			2,134		7.40		38			2,286		6.81		37			2,452		5.99		41			2,647		6.16		43			2,866		6.07
Total loans	$	179		$	15,284	4.70	%	$	169		$	15,046	4.55	%	$	162		$	14,933	4.30	%	$	164		$	14,830	4.38	%	$	161		$	14,603	4.43	%
	6/30/2017							3/31/2017							12/31/2016							9/30/2016							6/30/2016
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)	(12		)	72		(2.46	)	(11		)	87		(2.08	)	(8		)	73		(1.43	)	(9		)	76		(1.49	)	(9		)	84		(1.41	)
Total loans	$	(12	)	$	72	(0.34	)%	$	(11	)	$	87	(0.31	)%	$	(8	)	$	73	(0.23	)%	$	(9	)	$	76	(0.26	)%	$	(9	)	$	84	(0.27	)%
	6/30/2017							3/31/2017							12/31/2016							9/30/2016							6/30/2016
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	$	140		$	13,150	4.27	%	$	131		$	12,760	4.12	%	$	125		$	12,481	3.97	%	$	123		$	12,183	4.00	%	$	118		$	11,737	4.04	%
Acquired loans (1)	27			2,206		4.94		27			2,373		4.73		29			2,525		4.56		32			2,723		4.67		34			2,950		4.67
Total loans	$	167		$	15,356	4.36	%	$	158		$	15,133	4.24	%	$	154		$	15,006	4.07	%	$	155		$	14,906	4.12	%	$	152		$	14,687	4.16	%
(1) Acquired loans include the impact of the FDIC Indemnification Asset in periods prior to loss share termination in December 2016.

29

Table 12 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
	For the Three Months Ended
	6/30/2017									3/31/2017									12/31/2016
	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	$	80,051		$	52,018		$	1.01		$	72,992		$	50,473		$	1.08		$	58,164		$	45,130		$	1.06
Preferred stock dividends	—			(949		)	(0.02		)	—			(3,599		)	(0.08		)	—			(957		)	(0.02		)
Income available to common shareholders (GAAP)	$	80,051		$	51,069		$	0.99		$	72,992		$	46,874		$	1.00		$	58,164		$	44,173		$	1.04
Non-interest income adjustments (3):
Gain on sale of investments and other non-interest income	(59		)	(38		)	—			(1		)	—			—			(5		)	(3		)	—
Non-interest expense adjustments (3):
Merger-related expense	1,066			789			0.02			54			35			—			—			—			—
Severance expense	378			246			—			98			63			—			188			122			—
Impairment of long-lived assets, net of (gain) loss on sale	(1,306		)	(849		)	(0.02		)	1,429			929			0.02			(462		)	(300		)	(0.01		)
Litigation expense	6,000			5,481			0.11			—			—			—			—			—			—
Loss on early termination of loss share agreements	—			—			—			—			—			—			17,798			11,569			0.28
Other non-core non-interest expense	—			—			—			—			—			—			484			314			0.01
Total non-interest expense adjustments	6,138			5,667			0.11			1,581			1,027			0.02			18,008			11,705			0.28
Income tax expense (benefit)	—			—			—			—			—			—			—			(6,836		)	(0.16		)
Core earnings (Non-GAAP)	86,130			56,698			1.10			74,572			47,901			1.02			76,167			49,039			1.16
Provision for loan losses	12,050			7,833						6,154			4,000						5,169			3,360
Pre-provision earnings, as adjusted (Non-GAAP) (3)	$	98,180		$	64,531					$	80,726		$	51,901					$	81,336		$	52,399
	For the Three Months Ended
	9/30/2016									6/30/2016
	Pre-tax			After-tax (1)			Per share (2)			Pre-tax			After-tax (1)			Per share (2)
Net income	$	72,615		$	48,068		$	1.17		$	76,300		$	50,810		$	1.23
Preferred stock dividends	—			(3,590		)	(0.09		)	—			(854		)	(0.02		)
Income available to common shareholders (GAAP)	$	72,615		$	44,478		$	1.08		$	76,300		$	49,956		$	1.21
Non-interest income adjustments (3):
Gain on sale of investments and other non-interest income	(12		)	(8		)	—			(1,789		)	(1,163		)	(0.03		)
Non-interest expense adjustments (3):
Merger-related expense	—			—			—			—			—			—
Severance expense	—			—			—			140			91			—

30

Impairment of long-lived assets, net of (gain) loss on sale	—			—			—			(1,256		)	(816		)	(0.02		)
Other non-core non-interest expense	—			—			—			1,177			765			0.02
Total non-interest expense adjustments	—			—			—			61			40			—
Income tax expense (benefit)	—			—			—			—			—			—
Core earnings (Non-GAAP)	72,603			44,470			1.08			74,572			48,833			1.18
Provision for loan losses	12,484			8,115						11,866			7,712
Pre-provision earnings, as adjusted (Non-GAAP) (3)	$	85,087		$	52,585					$	86,438		$	56,545
(1) Excluding preferred stock dividends, merger-related expense and litigation expense, after-tax amounts are 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.
(3) Adjustments to GAAP results include certain significant activities or transactions that, in management's opinion, can distort period-to-period comparisons of the Company's performance. These adjustments include, but are not limited to, realized and unrealized gains or losses on former bank-owned real estate, realized gains or losses on the sale of investment securities, merger-related expenses, litigation charges and recoveries, debt prepayment penalties, and gains, losses, and impairment charges on long-lived assets.
	For the Six Months Ended
	6/30/2017									6/30/2016
	Pre-tax			After-tax (1)			Per share (2)			Pre-tax			After-tax (1)			Per share (2)
Net income	$	153,043		$	102,491		$	2.08		$	141,191		$	93,579		$	2.26
Preferred stock dividends	—			(4,548		)	(0.09		)	—			(3,430		)	(0.08		)
Income available to common shareholders (GAAP)	$	153,043		$	97,943		$	1.99		$	141,191		$	90,149		$	2.18
Non-interest income adjustments (3):
Gain on sale of investments and other non-interest income	(60		)	(38		)	—			(1,985		)	(1,290		)	(0.03		)
Non-interest expense adjustments (3):
Merger-related expense	1,120			824			0.02			3			2			—
Severance expense	476			309			0.01			594			386			0.01
Impairment of long-lived assets, net of (gain) loss on sale	123			80			—			(212		)	(137		)	(0.01		)
Litigation expense	6,000			5,481			0.11			—			—			—
Other non-core non-interest expense	—			—			—			2,268			1,474			0.04
Total non-interest expense adjustments	7,719			6,694			0.14			2,653			1,725			0.04
Income tax expense (benefit)	—			—			—			—			—			—
Core earnings (Non-GAAP)	160,702			104,599			2.13			141,859			90,584			2.19
Provision for loan losses	18,204			11,833						26,771			17,400
Pre-provision earnings, as adjusted (Non-GAAP) (3)	$	178,906		$	116,432					$	168,630		$	107,984
(1) Excluding preferred stock dividends, merger-related expense and litigation expense, after-tax amounts are 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.
(3) Adjustments to GAAP results include certain significant activities or transactions that, in management's opinion, can distort period-to-period comparisons of the Company's performance. These adjustments include, but are not limited to, realized and unrealized gains or losses on former bank-owned real estate, realized gains or losses on the sale of investment securities, merger-related expenses, litigation charges and recoveries, debt prepayment penalties, and gains, losses, and impairment charges on long-lived assets.

31

Table 13 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
	For the Three Months Ended
	6/30/2017			3/31/2017			12/31/2016			9/30/2016			6/30/2016
Net interest income (GAAP)	$	183,643		$	172,818		$	161,665		$	163,417		$	162,753
Add: Effect of tax benefit on interest income	2,492			2,491			2,340			2,330			2,290
Net interest income (TE) (Non-GAAP) (1)	186,135			175,309			164,005			165,747			165,043
Non-interest income (GAAP)	55,966			47,346			53,238			59,821			64,917
Add: Effect of tax benefit on non-interest income	668			706			713			703			760
Non-interest income (TE) (Non-GAAP) (1)	56,634			48,052			53,951			60,524			65,677
Taxable equivalent revenues (Non-GAAP) (1)	242,769			223,361			217,956			226,271			230,720
Securities gains and other non-interest income	(59		)	(1		)	(5		)	(12		)	(1,789		)
Core taxable equivalent revenues (Non-GAAP) (1)	$	242,710		$	223,360		$	217,951		$	226,259		$	228,931
Total non-interest expense (GAAP)	$	147,508		$	141,018		$	151,570		$	138,139		$	139,504
Less: Intangible amortization expense	1,651			1,770			2,087			2,106			2,109
Tangible non-interest expense (Non-GAAP) (2)	145,857			139,248			149,483			136,033			137,395
Less: Merger-related expense	1,066			54			—			—			—
Severance expense	378			98			188			—			140
(Gain) Loss on sale of long-lived assets, net of impairment	(1,306		)	1,429			(462		)	—			(1,256		)
Litigation expense	6,000			—			—			—			—
Loss on early termination of loss share agreements	—			—			17,798			—			—
Other non-core non-interest expense	—			—			484			—			1,177
Core tangible non-interest expense (Non-GAAP) (2)	$	139,719		$	137,667		$	131,475		$	136,033		$	137,334
Return on average assets (GAAP)	0.96		%	0.94		%	0.85		%	0.94		%	1.02		%
Effect of non-core revenues and expenses	0.10			0.02			0.09			0.00			(0.02		)
Core return on average assets (Non-GAAP)	1.06		%	0.96		%	0.94		%	0.94		%	1.00		%
Efficiency ratio (GAAP)	61.6		%	64.1		%	70.5		%	61.9		%	61.3		%
Effect of tax benefit related to tax-exempt income	(0.8		)	(1.0		)	(1.0)			(0.9)			(0.8)
Efficiency ratio (TE) (Non-GAAP) (1)	60.8		%	63.1		%	69.5		%	61.0		%	60.5		%
Effect of amortization of intangibles	(0.7		)	(0.8		)	(1.0		)	(0.9		)	(0.9		)
Effect of non-core items	(2.5		)	(0.7		)	(8.2		)	0.0			0.4
Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2)	57.6		%	61.6		%	60.3		%	60.1		%	60.0		%
Return on average common equity (GAAP)	6.08		%	6.41		%	6.70		%	7.00		%	8.05		%
Effect of intangibles (2)	1.92			2.39			3.01			3.30			3.85
Effect of non-core revenues and expenses	0.86			0.19			1.04			0.00			(0.26		)
Core return on average tangible common equity (Non-GAAP) (2)	8.86		%	8.99		%	10.75		%	10.30		%	11.64		%
Total shareholders' equity (GAAP)	$	3,503,242		$	3,457,975		$	2,939,694		$	2,667,110		$	2,637,597
Less: Goodwill and other intangibles	752,336			753,991			755,765			757,856			759,966
Preferred stock	132,097			132,097			132,097			132,097			132,098
Tangible common equity (Non-GAAP) (2)	$	2,618,809		$	2,571,887		$	2,051,832		$	1,777,157		$	1,745,533
Total assets (GAAP)	$	21,790,727		$	22,008,479		$	21,659,190		$	20,788,566		$	20,160,855
Less: Goodwill and other intangibles	752,336			753,991			755,765			757,856			759,966
Tangible assets (Non-GAAP) (2)	$	21,038,391		$	21,254,488		$	20,903,425		$	20,030,710		$	19,400,889
Tangible common equity ratio (Non-GAAP) (2)	12.45		%	12.10		%	9.82		%	8.87		%	9.00		%
(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.

32

EX-99.2

Ahead of the Curve 2 Q 1 7 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 0 , 2 0 1 7 Exhibit 99.2

2 Safe Harbor 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 20, 2017, 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 Non-GAAP Financial Measures

3 2Q17 Highlights • Total and core revenues increased $19 million, or 9%, due to a combination of higher average earning assets, margin and non-interest income • Net interest margin and cash margin improved 18 and 15 basis points, respectively, on a linked quarter basis • Non-interest income increased 18% on a linked quarter basis, primarily due to increases in mortgage and title income Client Growth Revenues Expenses High Quality Focus • Total loans increased $424 million, or 3% (11% annualized), in 2Q17 • Originated or renewed $1.0 billion in loans in 2Q17, up 24% on a linked quarter basis • Period-end legacy loan growth of $570 million or 4%; 18% annualized growth rate • Average deposits decreased 2%; non-interest bearing deposits up 0.3% on an average basis; Period-end deposits decreased 3% influenced by seasonal deposit outflows in 2Q17 • At June 30, 2017, probability-weighted commercial loan pipeline was $1.0 billion • Non-performing assets decreased $21 million, or 10%, as energy loan resolution “conveyor belt” progresses • Energy loans decreased $12 million, to 3.5% of total loans; down from 3.7% in 1Q17 • Total “risk-off trade” in energy, indirect auto, and Acadiana-based loans is beginning to level off • Remain very asset-sensitive and well positioned for increase in interest rates • Total expenses increased $6 million, or 5%, and core expenses increased $2 million, or 1% • Core tangible efficiency ratio of 57.6%, down from 61.6% in 1Q17 Other • Non-core expenses of $6 million in 2Q17, or $0.11 per share; primarily related to accrual for estimated settlement resolution associated with previously disclosed HUD lawsuit • On February 28, 2017, announced agreement to acquire Sabadell United Bank, based in Miami, Florida • Pending Sabadell United acquisition financed via common raises in December 2016 and March 2017; cost of carry for aggregate common stock issuances issue was $0.17 per common share in 2Q17

4 Notable Items of Interest In 2Q17 • In 2Q17, total loan growth was $424 million, or 3% on a linked quarter basis, while deposits levels decreased by 3% • Energy issues have crested as evidenced by further declines in energy-related NPAs and other metrics • Loan loss provision increased by $6 million and provision for unfunded commitments decreased by $2 million • Net charge-offs increased by $5 million • Non-core items in 2Q17: • No meaningful non-interest income items • $1.1 million in merger-related expense and $6 million litigation settlement accrual (estimated) associated with HUD lawsuit • $1.3 million gain on sale of former IBERIABANK properties Highlights Dollars in millions Provision And Charge-Offs Note: Total loans increased 75% during this time period

5 GAAP EPS 2Q17 Summary EPS Results • Income available to common shareholders of $51 million, up 9% compared to 1Q17 • 2Q17 GAAP EPS of $0.99, down 1% compared to 1Q17 and down 22% compared to 2Q16 • 2Q17 Core EPS of $1.10, up 8% compared to 1Q17 • Cost of carrying December 2016 and March 2017 common raises equal to $0.17 EPS impact in 2Q17 • 2Q17 Pre-Tax Pre-Provision earnings as adjusted of $98 million, up 22% compared to 1Q17 and 21% compared to 4Q16 • 2Q17 Core ROA of 1.06% and Core ROTCE of 8.86% CORE EPS Pre-Provision Pre-Tax Earnings, as adjusted Highlights Note: Excludes the impact of preferred stock dividends

6 Client Growth • Seasonal pick-up in loan volumes in 2Q17 • Period-end loan growth of $424 million, or 3% vs. 3/31/17 • Acquired loans declined $146 million, or 7% • Energy loans decreased $12 million, or 2%, to $552 million, or 3.5% of total loans • Legacy loans grew $570 million, or 4% (18% annualized rate) Loan Highlights Dollars in millions Deposits – Period-End And Average GrowthLoans – Period-End Growth Deposit Highlights • Period-end total deposits decreased $459 million, or 3%, vs. 3/31/17, reflecting seasonality in certain deposit accounts • Average total deposits declined $350 million, or 2% vs. 3/31/17 • Non-interest bearing deposits were down $11 million, or 0.2%, on a period-end basis and up $16 million, or 0.3%, on an average balance basis

7 • Average earnings assets decreased $23 million, or -0.1%, with the draw down of $468 million of cash and equivalents, an increase in securities of $288 million and loans of $238 million • Tax-equivalent net interest margin up 18 basis points and cash margin up 15 basis points on a linked quarter basis; management estimates margin for 3Q17 of 3.70% on a stand-alone IBERIABANK basis, assuming no additional changes in interest-rates • 2Q17 Net interest margin increase includes $3 million increase related to recoveries on acquired loans, or 11 bps, and the impact of recent rate increases in rate indexes and reduced excess liquidity. • Tax-equivalent net interest income up $10.8 million, or 6% Revenues – Net Interest Income Highlights Quarterly Yield/Cost Trend Drivers Of Change In Margin Dollars in millions Net Interest Income Net Interest ($ in Millions) Margin 172.8$ 1Q17 3.53% 8.7 Loans Repricing Upward, Higher New Volume Rates 0.13% (0.7) Fees and Interest From Payoffs (Including Non-Accruals) -0.04% 8.0 Changes in Legacy Loan Portfolios 0.09% (2.4) Net Paydowns On Acquired Loans -0.07% 3.0 Net Change in Recoveries on Acquired Loans 0.11% (0.9) Lower Cash Position From Decline In Excess Liquidity 0.07% 0.3 Increase in Loans HFS Income 0.01% 2.4 Changes in Prem. Amort. & Purchase Yields On Securities 0.00% (1.0) Changes in Deposit Yields - Indexed and Promotional Products -0.03% 1.4 Change In Number Of Business Days & Other Items 0.00% 183.6$ 2Q17 3.71%

8 Revenues – Interest Rate Risk Highlights Assets Liabilities • Loans: 43% fixed and 57% floating • Adjustable loans composition: • Prime-based 39% • LIBOR-based 58% • All other 3% • Most LIBOR-based loans are priced off of 30-Day LIBOR • Approximately $335 million in loans with an average floor that is 65 basis points above the corresponding rate index • Bond portfolio had an effective duration of 3.5 years • 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 • The level of asset sensitivity has increased over time • Forward curve has a positive impact on net interest income over 12-month period • Estimated impact of the next 25 basis point increase in the Federal Funds Rate would equate to a $0.05 increase in quarterly EPS 12-Month Net Interest Income Scenarios • Non-interest-bearing equated to 30% of total deposits • Non-interest-bearing deposits down $11 million, or -0.2%, on a period-end basis, and up $16 million, or 0.3%, on an average balance basis • Interest-bearing deposit cost of 0.56%, up four basis points from 1Q17 • No significant change in managed deposit rates since Fed Funds move in 1Q17, but mix has changed slightly • Cost of interest-bearing liabilities increased five basis points to 0.64%

9 Revenues – Non-Interest Income • No meaningful non-core income in 2Q17; both GAAP and core non- interest income increased by $9 million, or 18%, compared to 1Q17, mainly due to: Mortgage income increased $5.6 million, or 40%  Title revenues increased $1.5 million, or 31%  Treasury management income increased $0.4 million, or 8%  Deposit service charge income increased $0.3 million, and credit/debit card fee income increased $0.2 million  Client derivative income increased $0.2 million on a linked quarter basis HighlightsDrivers Of Non-Interest Income Change Quarter-Over-Quarter Dollars in millions

10 Revenues – Mortgage Income Highlights Volume Trends Mortgage Income Trends • Mortgage income of $19.7 million, up $5.6 million, or 40%:  Loan originations up 42% to $546 million in 2Q17  Sales volume of $508 million (up 19% versus 1Q17)  Fair value adjustments of derivatives and loans were $5.5 million higher than 1Q17 (-$0.1 million in 2Q17 vs -$5.6 million in 1Q17)  Hedging costs were $8.7 million higher than 1Q17 Dollars in millions Mortgage Weekly Locked Pipeline

11 Expense Control • Total core revenues were up $19.4 million, or 9%, compared to 1Q17, while core expenses were up $2 million, or 1%, over that period • Our core tangible efficiency ratio decreased to 57.6% in 2Q17, a decrease of 400 bps on a linked quarter basis • Notable items included higher salaries and benefits, decreased provision for unfunded commitments and other expenses Highlights Efficiency Ratio Trends Drivers Of Expense Change Quarter-Over-Quarter Dollars in millions • Increased 2Q17 salary and benefits cost of $3.9 million, or 5%, includes: • Increased regular compensation expense of $2.2 million; • Increased mortgage commission expense of $2.0 million; • Increased incentives and other benefits expense of $1.5 million; partially offset by: • Decreased payroll tax expense of $1.1 million; and • Decreased health care costs of $0.7 million

12 • High single-digit to low double digit net loan growth in the second half of 2017 (excluding Sabadell United Bank acquisition) • Headwinds to loan growth from risk-off trade continue to decline materially • Mid-single-digit deposit growth in the second half of 2017 (excluding Sabadell United Bank acquisition) • IBERIABANK’s net interest margin on a stand-alone basis is expected to improve to 3.70% for the remainder of 2017 assuming no additional loan recoveries and no additional Fed Fund rate increases. Consolidated margin will decline slightly with impact of Sabadell acquisition • Overall credit metrics expected to improve throughout 2017 • Provision expense should decline from 2016 levels in conjunction with improving credit in the energy portfolio • Non-interest income is expected to be down $10 million for full-year 2017 as compared to full-year 2016 • Continued cost containment with core tangible efficiency ratio below 60% • Tax rate in the second half of 2017 is expected to be approximately 33.5% assuming no change in the statutory rate • Based on asset sensitivity modeling for IBKC, each 25 basis point increase in the Fed Funds rate is estimated to increase quarterly EPS by five cents The Company’s guidance is subject to risks, uncertainties, and assumptions which could, individually or in aggregate, cause actual results or financial condition to differ materially from those anticipated above. Reference is made to “Caution About Forward-Looking Statements” in the earnings release which also applies to this guidance. 2017 Guidance And Key Assumptions

13 “Risk-Off” Focus • Purpose: reduce current exposures to avoid future potential loss exposures (though some near-term cost) • $877 million in cumulative risk-off trade since the beginning of 2015 • An estimated pre-tax opportunity cost of $5.5 million during 2015, $15.1 million for the full year of 2016, and $10.7 million for 2Q17 year-to-date ($0.14 EPS after-tax) • Percentage of total loans at June 30, 2017:  Energy loans equal 3.5%  Indirect Auto loans equal 0.6%  Multi-Family loans equal 2.6%  Construction and Land loans equal 7.8% (56.2% of Total Risk Based Capital*)  Non-Owner Occupied CRE equals 28% (203% of Total Risk Based Capital*) Highlights Risk Off Trend (Period-End) Dollars in millions ($12) mm, -2% ($18) mm, -16% ($6) mm, -1% Linked Qtr Change * Preliminary; based on bank-level capital Expectations that risk trade will level off and reverse over time: • Only $92 million in indirect automobile loans remaining • Reengaged energy lending efforts with new high quality E&P and Midstream credits

14 Continued Resolution of Energy Portfolio Highlights Energy Loan Portfolio Asset Quality Declining Energy Loan Balances Energy-Related Criticized Assets • Energy-related loans, down $12 million, or 2.1%, compared to March 31, 2017 • Energy-related loans equated to 3.5% of total loans, down 2% from year-end 2016 • 61% of energy-related loan balances on non-accrual remain current with their payments • Classified energy-related loans decreased $54.3 million, or 30%; equated to 23% of energy loans • Criticized energy-related loans decreased $70.7 million, or 29%; equated to 32% of energy loans • Energy-related non-accrual loans declined $19 million to $95 million, or 17% of the energy portfolio • Allowance for energy-related loans of $23 million; equal to 4.2% of the energy-related loans outstanding. E&P: $121mm Dollars in millions Services: $53mm Midstream: $3mm

15 Credit Quality Trends Energy And Non-Energy Asset Quality $Mill. %Loans $Mill. %Loans $Mill. %Loans $Mill. % Loans $Mill. %Loans Loans Outstandings Energy 600 4.0% 561 3.7% 564 3.7% 552 3.5% (12) -2% Non-Energy 14,325 96.0% 14,504 96.3% 14,569 96.3% 15,004 96.5% 435 3% Total 14,924$ 100.0% 15,065$ 100.0% 15,132$ 100.0% 15,556$ 100.0% 424$ 3% Net Charge-Offs Energy 7 4.39% 1 1.02% 3 2.05% - 0.00% (3) -100% Non-Energy 3 0.09% 6 0.17% 3 0.09% 11 0.29% 8 239% Total 10$ 0.28% 8$ 0.21% 6$ 0.16% 11$ 0.29% 5$ 80% Provision 12$ 5$ 6$ 12$ 6$ 96% Reserve Build 2 (2) 0 1 1$ n.m. Coverage Ratio 122% 68% 102% 111% Allowance For Loan Losses Energy 28 4.71% 23 4.01% 20 3.57% 23 4.18% 3 14% Non-Energy 120 0.84% 122 0.84% 125 0.86% 123 0.82% (2) -1% Total 148$ 0.99% 145$ 0.96% 145$ 0.96% 146$ 0.94% 1$ 1% Loans 30-89 Days Past Due Energy - 0.00% 2 0.27% 0 0.03% 2 0.43% 2 n.m. Non-Energy 45 0.32% 27 0.19% 36 0.25% 49 0.33% 13 36% Total 45$ 0.30% 29$ 0.20% 36$ 0.24% 51$ 0.33% 15$ 41% NPAs: %Assets %Assets %Assets %Assets Energy 154 25.62% 150 26.79% 115 20.47% 94 17.11% (21) -18% Non-Energy 109 0.53% 101 0.48% 105 0.49% 104 0.48% (1) 0% Total 263$ 1.26% 251$ 1.16% 220$ 1.00% 198$ 0.87% (21)$ -10% 4Q16 1Q17 2Q17 Linked Qtr. Chg.3Q16

16 Credit Performance Highlights NPAs To Total Assets Non-Energy-Related NPAs • Continued workout of acquired portfolios • Legacy loans increased $570 million, or 4%, since 3/31/17 • Legacy NPAs/Assets equal to 0.87%, a decrease of 12 basis points on a linked-quarter basis • Legacy loans past due 30 days or more (excluding non- accruals) increased $9 million, or 27%, and equated to 0.30% of total legacy loans at June 30, 2017 • Annualized legacy net charge-offs equal to 0.30% of average legacy loans in 2Q17, compared to 0.20% in 1Q17 • Non-energy NPAs were 0.49% of total non-energy assets Dollars in millions Source: SNL Financial – Publicly Traded Bank Holding Companies With Total Assets Between $10 - $30 Billion • No significant concerns regarding retail-related CRE exposure • No exposure to public REITs, Shared National Credits or loans secured by traditional enclosed malls • Weighted-average LTV of 60% • Criticized credits equal to 1.1% of outstandings • Diversified portfolio by property and type: • Largest concentration in grocery store anchors tied to retail at 1.5% of total loan portfolio; most loans are short-term development loans and carry full guarantees • Loans to direct apparel retailers are less than 0.2% of total loan portfolio • No ADC non-agency CMBS in our investment portfolio Retailer-Related CRE Exposure

17 Sabadell Residential Originations (information as of June 30, 2017) Portfolio Composition And QualityOverview SUB residential originations exclude acquired loans (Lydian Bank, Virtual Bank, JGB) most of which are covered by loss share and loans originated prior to 2013. Total residential portfolio as of 6/30/17 is approximately $1.8 billion.

18Dollars in millions CRE Portfolio Profile (information as of June 30, 2017) Sabadell Commercial Real Estate (information as of June 30, 2017)

19 APPENDIX

20 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) • Recent improvements in many Louisiana markets • Houston and Dallas in downward tandem until year-end 2014 • Recently, Houston’s unemployment declined • Many markets are near national average in magnitude and trend • Most MSAs have exhibited an improvement in unemployment rates, though some Alabama markets have shown some deterioration beginning in the summer of 2016 • Unemployment in Mobile trending downward • Lowest unemployment rates in the Arkansas MSAs

21 Total Deposits IBKC Only Loans and Deposits By State Pro Forma Combined Note: Figures at June 30, 2017; Sabadell loans and deposits exclude impact of purchase accounting Total Loans $15.5 Billion $19.8 Billion $16.9 Billion $21.2 Billion

22 Seasonal Influences Legacy Loan Growth • Loan growth typically softer in first quarter, stronger in second quarter and somewhat slower in the third 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 Dollars in millions Seasonal Revenue Trends Seasonal Expense Trends

23 Non-Interest Income And Expense Trend Details Dollars in millions Non-interest Income ($ millions) 2Q16 3Q16 4Q16 1Q17 2Q17 $ Change % Change Service Charges on Deposit Accounts 10.9$ 11.1$ 11.2$ 11.2$ 11.4$ 0.2$ 2% ATM / Debit Card Fee Income 3.6 3.5 3.6 3.6 3.8 0.2 6% BOLI Proceeds and CSV Income 1.4 1.3 1.3 1.3 1.2 (0.1) -5% Mortgage Income 26.0 21.8 16.1 14.1 19.7 5.6 40% Title Revenue 6.1 6.0 5.3 4.7 6.2 1.5 31% Broker Commissions 3.7 3.8 4.0 2.7 2.8 0.1 1% Other Non-interest Income 11.3 12.3 11.7 9.7 10.8 1.1 11% Non-interest income excluding non-core income 63.0$ 59.8$ 53.2$ 47.3$ 55.9$ 8.6$ 18% Gain (Loss) on Sale of Investments, Net 1.8 - - - 0.1 0.1 100% Other Non-core income - - - - - - 0% Total Non-interest Income 64.8$ 59.8$ 53.2$ 47.3$ 56.0$ 8.7$ 18% Non-interest Expense ($ millions) 2Q16 3Q16 4Q16 1Q17 2Q17 $ Change % Change Mortgage Commissions 7.3$ 6.9$ 5.2$ 3.3$ 5.3$ 2.0$ 60% Hospitalization Expense 5.3 6.6 3.9 5.9 5.2 (0.7) -11% Other Salaries and Benefits 72.3 71.5 71.6 72.6 75.2 2.6 4% Salaries and Employee Benefits 85.0$ 85.0$ 80.7$ 81.8$ 85.7$ 3.9$ 5% Credit/Loan Related 2.9 1.9 3.4 4.5 3.8 (0.7) -16% Occupancy and Equipment 16.8 16.5 15.6 16.0 16.1 0.1 0% Amortization of Acquisition Intangibles 2.1 2.1 2.1 1.8 1.7 (0.1) -7% All Other Non-interest Expense 32.7 32.5 31.8 35.3 34.1 (1.2) -3% Nonint. Exp. (Ex-Non-Core Exp.) 139.4$ 138.1$ 133.6$ 139.4$ 141.4$ 2.0$ 1% Severance 0.1 - 0.2 0.1 0.4 0.3 286% Impairment of Long-lived Assets, net of gains on sales (1.3) - (0.5) 1.4 (1.3) (2.7) -191% Loss on early termination of loss share agreements - - 17.8 - - - 0% Consulting and Professional 0.6 - - - 6.0 6.0 100% Other Non-interest Expense 0.6 - 0.5 - - - 0% Merger-Related Expenses - - - 0.1 1.0 0.9 1837% Total Non-interest Expense 139.5$ 138.1$ 151.6$ 141.0$ 147.5$ 6.5$ 5% Tangible Efficiency Ratio - excl Non-Core-Exp 60.0% 60.1% 60.3% 61.6% 57.6% 2Q17 vs. 1Q17 2Q17 vs. 1Q17

24 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 Dollars in millions Balances, As Reported Adjustments As Adjusted Non-GAAP 2Q16 Average Balance 18,155$ 84$ 18,239$ Income 162.8$ (8.6)$ 154.2$ Rate 3.65% -0.21% 3.44% 3Q16 Average Balance 18,521$ 77$ 18,598$ Income 163.4$ (9.1)$ 154.3$ Rate 3.56% -0.21% 3.35% 4Q16 Average Balance 19,349$ 73$ 19,422$ Income 161.7$ (8.4)$ 153.3$ Rate 3.38% -0.19% 3.19% 1Q17 Average Balance 20,085$ 87$ 20,172$ Income 172.8$ (10.7)$ 162.1$ Rate 3.53% 0.23% 3.30% 2Q17 Average Balance 20,109$ 72$ 20,181$ Income 183.6$ (12.2)$ 171.5$ Rate 3.71% 0.26% 3.45%

25 Strong Capital Position • On May 4, 2016, the Company’s Board of Directors of the Company authorized the repurchase of up to 950,000 common shares • To date, 202,506 common shares were purchased at a weighted average price of $57.61 per common share • During 2Q17, the Company did not repurchase any shares of its common stock Highlights Impact Of Recent Capital Raises On Capital Ratios At June 30, 2017 Capital Ratios (Preliminary) Share Repurchase Program • In 3Q15, issued and sold preferred stock with gross proceeds of $80 million; cash paid dividends semi-annually • In 2Q16, issued and sold preferred stock with gross proceeds of $57.5 million; cash paid dividends quarterly • In 4Q16, issued and sold 3.6 million shares of common stock at a price of $81.50 per common share, with net proceeds of $279 million • In 1Q17, issued and sold 6.1 million shares of common stock at a price of $83.00 per common share, with net proceeds of $485 million • Common stock cost $0.17 negative impact to 2Q17 EPS and $0.28 negative impact through YTD 2Q17 Capital Raise Date Gross Value ($MMs) Net Value ($MMs) Number of Shares (MMs) Tier 1 Leverage CET1 Total RBC 3Q15 Preferred Raise 7/28/2015 $80.0 $76.8 3.2 0.36% 0.00% 0.43% 2Q16 Preferred Raise 5/3/2016 $57.5 $55.3 2.3 0.26% 0.00% 0.31% 4Q16 Common Raise 12/2/2016 $292.9 $279.2 3.6 1.32% 1.57% 1.57% 1Q17 Common Raise 2/28/2017 $506.3 $485.2 6.1 2.29% 2.73% 2.73% Basis Points Impact IBERIABANK Corporation 1Q17 2Q17 Change Common Equity Tier 1 (CET1) ratio 14.64% 14.52% -12 bps Tier 1 Leverage 12.91% 13.19% 28 bps Tier 1 Risk-Based 15.38% 15.24% -14 bps Total Risk-Based 16.92% 16.74% -18 bps IBERIABANK and Subsidiaries 1Q17 2Q17 Change Common Equity Tier 1 (CET1) ratio 10.88% 10.93% 5 bps Tier 1 Leverage 9.13% 9.47% 34 bps Tier 1 Risk-Based 10.88% 10.93% 5 bps Total Risk-Based 11.77% 11.79% 2 bps

26 Reconciliation Of Non-GAAP Financial Measures • No material non-core income in 2Q17 • Non-core expenses equal to $6.1 million pre-tax, or $0.11 EPS after-tax: • Merger-related expenses equal to $1.1 million, or $0.02 EPS after-tax • Gain on sale of long-lived assets equal to $1.3 million, or $0.02 EPS after tax • Litigation settlement accrual (estimated) related to HUD lawsuit equal to $6.0 million, or $0.11 EPS after tax Dollars in millions Pre-tax After-tax (2) Per share Pre-tax After-tax (2) Per share Pre-tax After-tax (2) Per share Income available to common shareholders (GAAP) 58.2$ 44.2$ 1.04$ 73.0$ 46.9$ 1.00$ 80.1$ 51.1$ 0.99$ Non-interest income adjustments Gain on sale of investments and other non-interest income (0.0) (0.0) (0.00) (0.0) - (0.00) (0.1) (0.0) (0.00) Non-interest expense adjustments Merger-related expenses - - - 0.1 0.0 0.00 1.1 0.8 0.02 Severance expenses 0.2 0.1 0.00 0.1 0.1 0.00 0.4 0.2 0.00 Impairment of long-lived assets, net of (gain) loss on sale (0.5) (0.3) (0.01) 1.4 0.9 0.02 (1.3) (0.8) (0.02) Litigation expense - - - - - - 6.0 5.5 0.11 Loss on early termination of loss share agreements 17.8 11.6 0.28 - - - - - - Other non-operating non-interest expense 0.5 0.3 0.01 - - - - - - Total non-interest expense adjustments 18.0 11.7 0.28 1.6 1.0 0.02 6.1 5.7 0.11 Income tax benefits - (6.8) (0.16) - - - - - - Core earnings (Non-GAAP) 76.2 49.0 1.16 74.6 47.9 1.02 86.1 56.7 1.10 Provision for loan losses 5.2 3.4 6.2 4.0 12.1 7.8 Pre-provision earnings, as adjusted (Non-GAAP) 81.3$ 52.4$ 80.7$ 51.9$ 98.2 64.5 (1) Per share amounts may not appear to foot due to rounding. (2) After-tax amounts estimated based on a 35% marginal tax rate. For The Quarter Ended December 31, 2016 March 31, 2017 June 30, 2017 Dollar Amount Dollar Amount Dollar Amount

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