8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549 

 FORM 8-K

 CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 18, 2019

 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. ☐ 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock (par value $1.00 per share)	IBKC	The NASDAQ Stock Market, LLC
Depositary Shares, Each Representing a 1/400th Interest in	IBKCP	The NASDAQ Stock Market, LLC
a Share of 6.625% Perpetual Preferred Stock, Series B
Depositary Shares, Each Representing a 1/400th Interest in	IBKCO	The NASDAQ Stock Market, LLC
a Share of 6.60% Perpetual Preferred Stock, Series C
Depositary Shares, Each Representing a 1/400th Interest in	IBKCN	The NASDAQ Stock Market, LLC
a Share of 6.100% Perpetual Preferred Stock, Series D

Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

On October 18, 2019, the Registrant announced its results of operations for the three and nine months ended September 30, 2019. 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 third quarter results dated October 18, 2019, issued by the Registrant.

Exhibit 99.2 - Supplemental Materials to conference call.

Exhibit 104 - Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	IBERIABANK CORPORATION
DATE: October 18, 2019	By:	/s/ Daryl G. Byrd
	Daryl G. Byrd
	President and Chief Executive Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 18, 2019

Contact:

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

Jefferson G. Parker, Vice Chairman, Director of Capital Markets, Energy Lending and Investor Relations (504) 310-7314

IBERIABANK Corporation Reports Third Quarter Results

LAFAYETTE, LOUISIANA -- IBERIABANK Corporation (NASDAQ: IBKC), holding company of the 132-year-old IBERIABANK (www.iberiabank.com), reported financial results for the third quarter ended September 30, 2019. For the quarter, the Company reported net income available to common shareholders of $96.3 million, or $1.82 diluted earnings per common share (“EPS”). On a non-GAAP basis, EPS excluding non-core revenues and non-core expenses ("Core EPS") in the third quarter of 2019 was $1.82 per common share, compared to $1.74 in the year-ago period, an increase of 5% (refer to press release supplemental tables for a reconciliation of GAAP to non-GAAP metrics).

Daryl G. Byrd, President and Chief Executive Officer, commented, “We reported another quarter of solid earnings driven by strong growth in both loans and core deposits. As expected, our net interest margin was impacted by lower interest rates, but continued strength in fee income businesses and good expense discipline provided a partial offset to the impact. As we move toward the end of 2019 and prepare for 2020, we remain focused on continuing to grow our businesses throughout the Southeastern U.S., delivering strong financial results and maintaining stellar asset quality, while navigating the ever-challenging environment.”

Highlights for the third quarter of 2019 and at September 30, 2019:

	For the three months ended
	GAAP						Non-GAAP Core
	3Q19			2Q19			3Q19			2Q19
Diluted Earnings Per Common Share	$	1.82		$	1.86		$	1.82		$	1.87
Return on Average Assets	1.26		%	1.30		%	1.26		%	1.31		%
Return on Average Common Equity	9.46		%	10.05		%	9.46		%	10.13		%
Return on Average Tangible Common Equity	N/A			N/A			14.48		%	15.58		%
Efficiency Ratio	55.2		%	54.0		%	55.2		%	53.8		%
Tangible Efficiency Ratio (TE)	N/A			N/A			53.4		%	52.0		%

• Total loan growth of $321.2 million on a linked quarter basis, or 6% annualized, primarily driven by growth in corporate asset finance and energy, and in the Birmingham, Mobile, and New Orleans markets. Total loan growth on a year-to-date basis was $1.2 billion, or 7%, on an annualized basis.

• Total deposits increased $682.0 million compared to the prior quarter, or 11%, annualized. The Company experienced deposit growth in all but three of its operating markets, with no increase in brokered deposits from the prior quarter. On a year-to-date basis, we added $1.2 billion in total deposit balances, an annualized growth rate of 7%.

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• Non-interest income increased $4.8 million, or 8%, on a linked quarter basis. The increase was primarily driven by a $3.2 million gain on non-mortgage loan sales and a $1.6 million increase in customer swap commission income.

• The Company's reported and cash net interest margins both decreased 13 basis points on a linked quarter basis, to 3.44% and 3.24%, respectively. The Company realized $7 million in recoveries, no significant change from the prior quarter.

• The provision for credit losses totaled $9.0 million, compared to $10.8 million in the prior quarter. Asset quality measures remained strong and stable.

• Net charge-offs to average loans on an annualized basis remained flat at 0.14% as compared to the prior quarter. Classified assets were 0.89% of total assets, compared to 0.97% in the prior quarter and 1.20% a year ago.

• During the third quarter of 2019, the Company repurchased approximately 552 thousand shares of its outstanding common stock at a weighted average price of $72.46 per common share. The current share repurchase program has an additional 1.2 million common shares available, which we expect to repurchase over the next three quarters.

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Table A - Summary Financial Results
(Dollars in thousands, except per share data)
	For the Three Months Ended
	9/30/2019			6/30/2019			% Change		9/30/2018			% Change
GAAP BASIS:
Income available to common shareholders	$	96,251		$	100,649		(4.4	)	$	97,866		(1.7	)
Earnings per common share - diluted	1.82			1.86			(2.2	)	1.73			5.2
Average loans and leases, net of unearned income	$	23,522,892		$	23,120,689		1.7		$	22,162,373		6.1
Average total deposits	24,588,346			24,102,704			2.0		23,241,529			5.8
Net interest margin (TE) (1)	3.44		%	3.57		%			3.74		%
Total revenues	$	313,007		$	314,164		(0.4	)	$	312,312		0.2
Total non-interest expense	172,662			169,618			1.8		169,062			2.1
Efficiency ratio	55.2		%	54.0		%			54.1		%
Return on average assets	1.26			1.30					1.34
Return on average common equity	9.46			10.05					10.21
NON-GAAP BASIS (2):
Core revenues	$	313,007		$	315,176		(0.7	)	$	312,311		0.2
Core non-interest expense	172,662			169,543			1.8		168,362			2.6
Core earnings per common share - diluted	1.82			1.87			(2.7	)	1.74			4.6
Core tangible efficiency ratio (TE) (1) (3)	53.4		%	52.0		%			51.9		%
Core return on average assets	1.26			1.31					1.35
Core return on average common equity	9.46			10.13					10.27
Core return on average tangible common equity	14.48			15.58					16.34
Net interest margin (TE) - cash basis (1)	3.24			3.37					3.47
(1)  Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(2)  See Table 9 and Table 10 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.

Operating Results

Net interest income decreased$6.0 million, or 2%, on a linked quarter basis. The yield on total earning assets was 11 basis points lower at 4.59% compared to 4.70% in the prior quarter. Average loans increased$402.2 million, or 7% annualized, while the associated taxable-equivalent yield decreased13 basis points. The decrease in loan yield was primarily attributable to the repricing of variable rate loans as a result of recent cuts to the target federal funds rate and the corresponding impact to LIBOR.

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Average interest-bearing deposits increased $502.8 million, or 11% annualized, and the cost of interest-bearing deposits rose 5 basis points to 1.55% on a linked quarter basis. Total average interest-bearing liabilities increased by $195.1 million, or 4% annualized, and the cost of interest-bearing liabilities rose 3 basis points to 1.64%. The total cost of funding in the third quarter of 2019 was 1.24% compared to 1.22% in the prior quarter. The lower loan yield along with the increase in cost of funds resulted in a decrease in the reported and cash net interest margins of 13 basis points to 3.44% and 3.24%, respectively.

The provision for credit losses totaled $9.0 million compared to $10.8 million in the prior quarter. Asset quality measures remained strong and stable. Net charge-offs to average loans on an annualized basis remained flat at 0.14% compared to the prior quarter. Non-performing assets to total assets were 0.58% compared to 0.60% in the prior quarter. On a linked quarter basis, the allowance for loan and lease losses to total loans and leases decreased slightly to 0.62% compared to 0.63% in the prior quarter and covered 93% of non-performing loans.  

Non-interest income increased $4.8 million, or 8%, on a linked quarter basis. The increase was primarily driven by a $3.2 million gain on non-mortgage loan sales and a $1.6 million increase in customer swap commission income.

Non-interest expense increased $3.0 million, or 2%, compared to the linked quarter, primarily as a result of a $2.3 million increase in occupancy and equipment expense from a write-off on certain long-lived assets and a $2.0 million increase in OREO expense, partially offset by lower travel and other expenses.

On a linked quarter basis, the efficiency ratio increased to 55.2% from 54.0%, primarily due to the decrease in net interest income, while the non-GAAP core tangible efficiency ratio increased to 53.4% compared to 52.0%. The Company continues to focus on cost containment and revenue enhancement efforts to deliver positive operating leverage. Refer to Table A for a summary of financial results on both a GAAP and non-GAAP basis.

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Table B - Summary Financial Condition Results
(Dollars in thousands, except per share data)
		As of and For the Three Months Ended
		9/30/2019			6/30/2019			% Change		9/30/2018			% Change
PERIOD-END BALANCES:
	Total loans and leases, net of unearned income	$	23,676,537		$	23,355,311		1.4		$	22,343,906		6.0
	Total deposits	24,977,285			24,295,331			2.8		23,193,446			7.7
ASSET QUALITY RATIOS:
	Loans 30-89 days past due and still accruing as a percentage of total loans (1)	0.23		%	0.18		%			0.32		%
	Loans 90 days or more past due and still accruing as a percentage of total loans (1)	0.02			0.00					0.06
	Non-performing assets to total assets (1)(2)	0.58			0.60					0.63
	Classified assets to total assets (3)	0.89			0.97					1.20
CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) (4) (5)	9.05		%	8.97		%			8.69		%
	Tier 1 leverage ratio (6)	9.78			9.71					9.65
	Total risk-based capital ratio (6)	12.34			12.33					12.42
PER COMMON SHARE DATA:
	Book value	$	77.58		$	75.93		2.2		$	68.03		14.0
	Tangible book value (Non-GAAP) (4) (5)	52.68			51.20			2.9		44.72			17.8
	Closing stock price	75.54			75.85			(0.4	)	81.35			(7.1	)
	Cash dividends	0.45			0.43			4.7		0.39			15.4
(1)	Past due and non-accrual loan amounts 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.
(2)	Non-performing assets consist of non-accruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets. Refer to Table 5 for further detail.
(3)	Classified assets include loans rated substandard or worse, non-performing mortgage and consumer loans, and OREO and foreclosed property and include acquired impaired loans accounted for under ASC 310-30. Classified assets were $283 million, $304 million and $360 million at September 30, 2019, June 30, 2019, and September 30, 2018, respectively.
(4)	See Table 9 and Table 10 for GAAP to Non-GAAP reconciliations.
(5)	Tangible calculations eliminate the effect of goodwill and acquisition-related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.
(6)	Regulatory capital ratios as of September 30, 2019 are preliminary.

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Loans and Leases

On a linked quarter basis, total loans and leases increased $321.2 million, or 6% annualized, to $23.7 billion at September 30, 2019. Growth during the third quarter of 2019 was strongest in the Energy Group (reserve-based and midstream lending), the Corporate Asset Finance Group (equipment financing and leasing business), and the Birmingham, Mobile, and New Orleans markets. The Company believes it is well-positioned for diversified loan growth based on our strategic presence in significant MSAs in the Southeastern United States.

Table C - Period-End Loans and Leases
(Dollars in thousands)
	As of and For the Three Months Ended
							Linked Qtr Change						Year/Year Change				Mix
	9/30/2019		6/30/2019		9/30/2018		$		%		Annualized		$		%		9/30/2019		6/30/2019
Commercial loans and leases	$	16,299,881	$	15,980,029	$	14,962,923	319,852		2.0		7.9	%	1,336,958		8.9		68.9	%	68.5	%
Residential mortgage loans	4,649,745		4,538,194		4,300,163		111,551		2.5		9.8	%	349,582		8.1		19.6	%	19.4	%
Consumer and other loans	2,726,911		2,837,088		3,080,820		(110,177	)	(3.9	)	(15.4	)%	(353,909	)	(11.5	)	11.5	%	12.1	%
Total loans and leases	$	23,676,537	$	23,355,311	$	22,343,906	321,226		1.4		5.5	%	1,332,631		6.0		100.0	%	100.0	%

Investment Securities

On an average balance and linked quarter basis, the investment portfolio decreased $291.4 million, or 24% annualized, to $4.6 billion, primarily due to sales of available-for-sale securities. On a period-end basis, investment securities were $4.4 billion, or 14% of total assets. At September 30, 2019, approximately 96% of the investment portfolio was in available-for-sale securities, which experience unrealized gains as interest rates fall. The investment portfolio had an effective duration of 2.5 years at September 30, 2019, down from 2.6 years at June 30, 2019, and a $70.1 million unrealized gain at September 30, 2019, up from a $58.4 million unrealized gain at June 30, 2019. The average yield on investment securities decreased 12 basis points to 2.71% in the third quarterof 2019. The investment portfolio primarily consists of government agency securities. Municipal securities comprised 7.1% of total investments at September 30, 2019.

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Deposits and Funding

Total deposits increased $682.0 million, or 11% annualized, to $25.0 billion at September 30, 2019. Growth during the third quarter of 2019 was strongest in the Miami-Dade, Southwest Louisiana, and Baton Rouge markets.

Table D - Period-End Deposits
(Dollars in thousands)
							Linked Qtr Change						Year/Year Change				Mix
	9/30/2019		6/30/2019		9/30/2018		$		%		Annualized		$		%		9/30/2019		6/30/2019
Non-interest-bearing	$	6,518,783	$	6,474,394	$	6,544,926	44,389		0.7		2.7	%	(26,143	)	(0.4	)	26.1	%	26.6	%
NOW accounts	4,503,353		4,610,577		4,247,533		(107,224	)	(2.3	)	(9.2	)%	255,820		6.0		18.0	%	19.0	%
Money market accounts	8,654,605		8,192,752		8,338,682		461,853		5.6		22.4	%	315,923		3.8		34.7	%	33.7	%
Savings accounts	671,156		702,711		820,354		(31,555	)	(4.5	)	(17.8	)%	(149,198	)	(18.2	)	2.7	%	2.9	%
Time deposits	4,629,388		4,314,897		3,241,951		314,491		7.3		28.9	%	1,387,437		42.8		18.5	%	17.8	%
Total deposits	$	24,977,285	$	24,295,331	$	23,193,446	681,954		2.8		11.1	%	1,783,839		7.7		100.0	%	100.0	%

Asset Quality

Credit quality remained strong and stable. Classified assets decreased $21.2 million, or 7%, from June 30, 2019 and were 0.89% of total assets compared to 0.97% in the prior quarter and 1.20% in the prior year. Non-performing assets to total assets were 0.58% at September 30, 2019 compared to 0.60% in the prior quarter and 0.63% in the prior year. Loans 30-89 days past due and still accruing represented 0.23% of total loans and leases compared to 0.18% in the prior quarter and 0.32% one year ago. As a percentage of average loans and leases, annualized net charge-offs for the quarter and year-to-date periods remained unchanged from the prior quarter at 0.14%.

The allowance for loan and lease losses was $146.2 million and represented 0.62% of total loans and leases compared to 0.63% as of June 30, 2019.

Refer to Table 5 - Loans and Asset Quality Data for further information.

Capital Position

At September 30, 2019, the non-GAAP tangible common equity ratio was 9.05%, up 8 basis points compared to June 30, 2019, and the preliminary Tier 1 leverage ratio was 9.78%, up 7 basis points compared to June 30, 2019. The preliminary calculation of the total risk-based capital ratio at September 30, 2019, was 12.34%, up 1 basis point compared to June 30, 2019.

At September 30, 2019, book value per common share was $77.58, up $1.65 per share, compared to June 30, 2019. Tangible book value per common share was $52.68, up $1.48 per share, compared to June 30, 2019. Based on the closing stock price of the Company’s common stock of $76.08 per share on October 17, 2019, this price equated to 0.98 times September 30, 2019 book value per common share and 1.44 times September 30, 2019 tangible book value per common share.

Dividends On Capital Stock. The declaration of dividends is at the discretion of the Board of Directors. The following details the recent dividend declarations:

Common Stock. On July 17, 2019, the Company announced a quarterly cash dividend of $0.45 per common share, an increase of approximately 5% compared to the common dividend declared in May. The dividend is payable on October 25, 2019 to shareholders of record as of September 30, 2019.

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Preferred Stock. On July 3, 2019, the Company announced a semi-annual cash dividend of $0.8281 per depositary share of Series B Preferred Stock that was payable on August 1, 2019 to shareholders of record as of July 17, 2019. On July 3, 2019, the Company also announced a quarterly cash dividend of $0.4125 per depositary share of Series C Preferred Stock that was payable on August 1, 2019 to shareholders of record as of July 17, 2019.

On October 3, 2019, the Company announced a quarterly cash dividend of $0.4125 per depositary share of Series C Preferred Stock that is payable on November 1, 2019 to shareholders of record as of October 17, 2019. On October 3, 2019, the Company also announced a semi-annual cash dividend of $0.8769 per depositary share of Series D Preferred Stock that is payable on November 1, 2019 to shareholders of record as of October 17, 2019.

Common Stock Repurchase Program. On July 17, 2019 the Board of Directors authorized the repurchase of up to 1,600,000 shares of the Company's common stock. This repurchase authorization equated to approximately 3% of total common shares outstanding. Stock repurchases under this program will be made from time to time on the open market or in privately negotiated transactions at the discretion of the management of the Company. The timing of these repurchases will depend on market conditions and other requirements. The Company currently anticipates the share repurchase program will be completed within the next year. During the third quarter of 2019, the Company repurchased 552,230 common shares, at a weighted average price of $72.46 per common share. At September 30, 2019, the Company had approximately 1,165,000 remaining shares that may be repurchased under the current Board-approved plan.

Updated 2019 Financial Guidance

Updated 2019 Guidance (1)
Average Earning Assets	$28.7B ~ $29.0B
Consolidated Loan Growth	6.50% ~ 7.25%
Consolidated Deposit Growth	6.50% ~ 7.25%
Provision Expense	$38MM ~ $43MM
Non-Interest Income (Core Basis)	$230MM ~ $235MM
Non-Interest Expense (Core Basis)	$667MM ~ $673MM
Net Interest Margin	3.43% ~ 3.47%
Tax Rate	23.5% ~ 24.0%
Preferred Dividend & Unrestricted Shares	$16.0MM ~ $17.0MM
Share Repurchase Activity	$235MM ~ $240MM
Credit Quality	Stable
(1) Updated guidance includes three interest rate cuts of 25 basis points; one each in July, September, and October 2019

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with locations in Louisiana, Arkansas, Tennessee, Alabama, Texas, Florida, Georgia, South Carolina, North Carolina, Mississippi, Missouri, and New York offering commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, mortgage, and title insurance services.

The Company’s common stock trades on the NASDAQ Global Select Market under the symbol “IBKC”. The Company's Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock also trade on the NASDAQ Global Select Market under the symbols "IBKCP", "IBKCO", and "IBKCN", respectively. The Company’s common stock market capitalization was approximately $4.0 billion, based on the closing stock price on October 17, 2019.

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The following 10 investment firms currently provide equity research coverage on the Company:

• Bank of America Merrill Lynch

• Janney Montgomery Scott, LLC

• Hovde Group, LLC

• Jefferies & Co., Inc.

• Keefe, Bruyette & Woods, Inc.

• Piper Jaffray & Co.

• Raymond James & Associates, Inc.

• 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, October 18, 2019, beginning at 8:30 a.m. Central Time by dialing 1-888-317-6003. The confirmation code for the call is 4011645. A replay of the call will be available until midnight Central Time on October 25, 2019, by dialing 1-877-344-7529. The confirmation code for the replay is 10134915. The Company has prepared a PowerPoint presentation that supplements information contained in this press release. The PowerPoint presentation may be accessed on the Company’s web site, www.iberiabank.com, under “Investor Relations” and then "Financial Information" and “Presentations.”

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with GAAP. The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance. Non-GAAP measures in this press release include, but are not limited to, descriptions such as core, tangible, and pre-tax pre-provision. These measures typically adjust GAAP performance measures to exclude the effects of the amortization of intangibles and include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant activities or transactions that in management’s opinion can distort period-to-period comparisons of the Company’s performance. Transactions that are typically excluded from non-GAAP performance measures include realized and unrealized gains/losses on former bank owned real estate, realized gains/losses on securities, income tax gains/losses, merger-related charges and recoveries, litigation charges and recoveries, debt repayment penalties, and gains, losses, and impairment charges on long-lived assets. 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.

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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, 2018, and in other documents subsequently filed by the Company with the Securities and Exchange Commission, available at the SEC's website, www.sec.gov, and the Company's website, 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. 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.

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Table 1 - IBERIABANK CORPORATION
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
		As of and For the Three Months Ended
INCOME DATA:		9/30/2019			6/30/2019			% Change		9/30/2018			% Change
	Net interest income	$	249,333		$	255,339		(2.4	)	$	259,225		(3.8	)
	Net interest income (TE) (1)	250,653			256,677			(2.3	)	260,686			(3.8	)
	Total revenues	313,007			314,164			(0.4	)	312,312			0.2
	Provision for credit losses	8,986			10,755			(16.4	)	11,384			(21.1	)
	Non-interest expense	172,662			169,618			1.8		169,062			2.1
	Net income available to common shareholders	96,251			100,649			(4.4	)	97,866			(1.7	)
PER COMMON SHARE DATA:
	Earnings available to common shareholders - basic	$	1.83		$	1.87		(2.1	)	$	1.74		5.2
	Earnings available to common shareholders - diluted	1.82			1.86			(2.2	)	1.73			5.2
	Core earnings (Non-GAAP)(2)	1.82			1.87			(2.7	)	1.74			4.6
	Book value	77.58			75.93			2.2		68.03			14.0
	Tangible book value (Non-GAAP) (2) (3)	52.68			51.20			2.9		44.72			17.8
	Closing stock price	75.54			75.85			(0.4	)	81.35			(7.1	)
	Cash dividends	0.45			0.43			4.7		0.39			15.4
KEY RATIOS AND OTHER DATA (6):
	Net interest margin (TE) (1)	3.44		%	3.57		%			3.74		%
	Efficiency ratio	55.2			54.0					54.1
	Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2) (3)	53.4			52.0					51.9
	Return on average assets	1.26			1.30					1.34
	Return on average common equity	9.46			10.05					10.21
	Core return on average tangible common equity (Non-GAAP) (2)(3)	14.48			15.58					16.34
	Effective tax rate	24.0			24.1					23.1
	Full-time equivalent employees	3,397			3,418					3,429
CAPITAL RATIOS:
	Tangible common equity ratio (Non-GAAP) (2) (3)	9.05		%	8.97		%			8.69		%
	Tangible common equity to risk-weighted assets (3)	10.51			10.45					10.17
	Tier 1 leverage ratio (4)	9.78			9.71					9.65
	Common equity Tier 1 (CET 1) ratio(4)	10.41			10.37					10.79
	Tier 1 capital ratio (4)	11.28			11.26					11.33
	Total risk-based capital ratio (4)	12.34			12.33					12.42
	Common stock dividend payout ratio	24.4			22.6					21.8
	Classified assets to Tier 1 capital (7)	9.6			10.4					12.9

11

ASSET QUALITY RATIOS:
	Non-performing assets to total assets (5)	0.58	%	0.60	%	0.63	%
	ALLL to total loans and leases	0.62		0.63		0.61
	Net charge-offs to average loans (annualized)	0.14		0.14		0.16
	Non-performing assets to total loans and OREO (5)	0.78		0.80		0.84
(1)	Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(2)	See Table 9 and Table 10 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 September 30, 2019 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. For purposes of this table, past due and non-accrual loan amounts 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.
(6)	All ratios are calculated on an annualized basis for the periods indicated.
(7)	Classified assets include loans rated substandard or worse, non-performing mortgage and consumer loans, and OREO and foreclosed property 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
	9/30/2019		6/30/2019			$		%		3/31/2019		12/31/2018			9/30/2018		$		%
Interest income	$	333,178	$	335,967		(2,789	)	(0.8	)	$	326,084	$	330,196		$	317,067	16,111		5.1
Interest expense	83,845		80,628			3,217		4.0		75,600		65,175			57,842		26,003		45.0
Net interest income	249,333		255,339			(6,006	)	(2.4	)	250,484		265,021			259,225		(9,892	)	(3.8	)
Provision for credit losses	8,986		10,755			(1,769	)	(16.4	)	13,763		13,094			11,384		(2,398	)	(21.1	)
Net interest income after provision for credit losses	240,347		244,584			(4,237	)	(1.7	)	236,721		251,927			247,841		(7,494	)	(3.0	)
Mortgage income	17,432		18,444			(1,012	)	(5.5	)	11,849		10,379			12,729		4,703		36.9
Service charges on deposit accounts	13,209		12,847			362		2.8		12,810		13,425			13,520		(311	)	(2.3	)
Title revenue	7,170		6,895			275		4.0		5,225		5,996			6,280		890		14.2
Broker commissions	1,800		2,044			(244	)	(11.9	)	1,953		1,951			2,627		(827	)	(31.5	)
ATM/debit card fee income	2,948		3,032			(84	)	(2.8	)	2,582		2,267			2,470		478		19.4
Income from bank owned life insurance	1,760		1,750			10		0.6		1,797		2,023			1,744		16		0.9
Gain (loss) on sale of available-for-sale securities	27		(1,014		)	1,041		102.7		—		(49,844		)	—		27		100.0
Trust department income	4,281		4,388			(107	)	(2.4	)	4,167		4,319			3,993		288		7.2
Other non-interest income	15,047		10,439			4,608		44.1		12,126		10,453			9,724		5,323		54.7
Total non-interest income	63,674		58,825			4,849		8.2		52,509		969			53,087		10,587		19.9
Salaries and employee benefits	103,257		103,375			(118	)	(0.1	)	98,296		101,551			101,159		2,098		2.1
Occupancy and equipment	21,316		18,999			2,317		12.2		18,564		18,379			18,889		2,427		12.8
Amortization of acquisition intangibles	4,410		4,786			(376	)	(7.9	)	5,009		5,083			5,382		(972	)	(18.1	)
Computer services expense	9,638		9,383			255		2.7		9,157		8,942			9,036		602		6.7
Professional services	6,323		6,244			79		1.3		4,450		8,628			5,519		804		14.6
Credit and other loan related expense	4,532		4,141			391		9.4		2,859		4,776			4,830		(298	)	(6.2	)
Other non-interest expense	23,186		22,690			496		2.2		20,418		21,630			24,247		(1,061	)	(4.4	)
Total non-interest expense	172,662		169,618			3,044		1.8		158,753		168,989			169,062		3,600		2.1
Income before income taxes	131,359		133,791			(2,432	)	(1.8	)	130,477		83,907			131,866		(507	)	(0.4	)
Income tax expense (benefit)	31,509		32,193			(684	)	(2.1	)	30,346		(46,132		)	30,401		1,108		3.6
Net income	99,850		101,598			(1,748	)	(1.7	)	100,131		130,039			101,465		(1,615	)	(1.6	)
Less: Preferred stock dividends	3,599		949			2,650		279.2		3,598		949			3,599		—		—
Net income available to common shareholders	$	96,251	$	100,649		(4,398	)	(4.4	)	$	96,533	$	129,090		$	97,866	(1,615	)	(1.7	)
Income available to common shareholders - basic	$	96,251	$	100,649		(4,398	)	(4.4	)	$	96,533	$	129,090		$	97,866	(1,615	)	(1.7	)

13

Less: Earnings allocated to unvested restricted stock	874		999		(125	)	(12.5	)	933			1,214			908		(34	)	(3.7	)
Earnings allocated to common shareholders	$	95,377	$	99,650	(4,273	)	(4.3	)	$	95,600		$	127,876		$	96,958	(1,581	)	(1.6	)
Earnings per common share - basic	$	1.83	$	1.87	(0.04	)	(2.1	)	$	1.76		$	2.33		$	1.74	0.09		5.2
Earnings per common share - diluted	1.82		1.86		(0.04	)	(2.2	)	1.75			2.32			1.73		0.09		5.2
Impact of non-core items (Non-GAAP) (1)	—		0.01		(0.01	)	(100.0	)	(0.03		)	(0.46		)	0.01		(0.01	)	(100.0	)
Earnings per share - diluted, excluding non-core items (Non-GAAP)(1)	$	1.82	$	1.87	(0.05	)	(2.7	)	$	1.72		$	1.86		$	1.74	0.08		4.6
NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	51,984		53,345		(1,361	)	(2.6	)	54,177			54,892			55,571		(3,587	)	(6.5	)
Weighted average common shares outstanding - diluted	52,292		53,674		(1,382	)	(2.6	)	54,539			55,215			55,945		(3,653	)	(6.5	)
Book value shares (period end)	52,266		52,805		(539	)	(1.0	)	54,551			54,796			56,007		(3,741	)	(6.7	)
(1)  See Table 9 and Table 10 for GAAP to Non-GAAP reconciliations.

14

Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Dollars in thousands, except per share data)
	For the Nine Months Ended
							Change
	9/30/2019			9/30/2018			$		%
Interest income	$	995,229		$	891,433		103,796		11.6
Interest expense	240,073			143,206			96,867		67.6
Net interest income	755,156			748,227			6,929		0.9
Provision for credit losses	33,504			27,290			6,214		22.8
Net interest income after provision for credit losses	721,652			720,937			715		0.1
Mortgage income	47,725			36,045			11,680		32.4
Service charges on deposit accounts	38,866			39,378			(512	)	(1.3	)
Title revenue	19,290			18,153			1,137		6.3
Broker commissions	5,797			7,244			(1,447	)	(20.0	)
ATM/debit card fee income	8,562			8,028			534		6.7
Income from bank owned life insurance	5,307			4,287			1,020		23.8
(Loss) gain on sale of available-for-sale securities	(987		)	(56		)	(931	)	NM
Trust department income	12,836			11,662			1,174		10.1
Other non-interest income	37,612			26,852			10,760		40.1
Total non-interest income	175,008			151,593			23,415		15.4
Salaries and employee benefits	304,928			313,190			(8,262	)	(2.6	)
Occupancy and equipment	58,879			58,867			12		NM
Amortization of acquisition intangibles	14,205			16,595			(2,390	)	(14.4	)
Computer services expense	28,178			30,738			(2,560	)	(8.3	)
Professional services	17,017			20,070			(3,053	)	(15.2	)
Credit and other loan related expense	11,532			14,313			(2,781	)	(19.4	)
Other non-interest expense	66,294			100,137			(33,843	)	(33.8	)
Total non-interest expense	501,033			553,910			(52,877	)	(9.5	)
Income before income taxes	395,627			318,620			77,007		24.2
Income tax expense	94,048			78,410			15,638		19.9
Net income	301,579			240,210			61,369		25.5
Less: Preferred stock dividends	8,146			8,146			—		—
Net income available to common shareholders	$	293,433		$	232,064		61,369		26.4
Income available to common shareholders - basic	$	293,433		$	232,064		61,369		26.4
Less: Earnings allocated to unvested restricted stock	2,806			2,341			465		19.9
Earnings allocated to common shareholders	$	290,627		$	229,723		60,904		26.5
Earnings per common share - basic	$	5.47		$	4.17		1.30		31.2
Earnings per common share - diluted	5.43			4.14			1.29		31.2
Impact of non-core items (Non-GAAP) (1)	(0.02		)	0.69			(0.71	)	(102.9	)
Earnings per share - diluted, excluding non-core items (Non-GAAP) (1)	$	5.41		$	4.83		0.58		12.0

15

NUMBER OF COMMON SHARES OUTSTANDING (in thousands)
Weighted average common shares outstanding - basic	53,160	55,047	(1,887	)	(3.4	)
Weighted average common shares outstanding - diluted	53,493	55,407	(1,914	)	(3.5	)
Book value shares (period end)	52,266	56,007	(3,741	)	(6.7	)
(1) See Table 9 and Table 10 for GAAP to Non-GAAP reconciliations.
NM - not meaningful

16

TABLE 4 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
PERIOD-END BALANCES							Linked Qtr Change													Year/Year Change
ASSETS	9/30/2019			6/30/2019			$		%		3/31/2019			12/31/2018			9/30/2018			$		%
Cash and due from banks	$	353,346		$	289,502		63,844		22.1		$	280,680		$	294,186		$	291,083		62,263		21.4
Interest-bearing deposits in other banks	577,587			499,813			77,774		15.6		391,217			396,267			184,852			392,735		212.5
Total cash and cash equivalents	930,933			789,315			141,618		17.9		671,897			690,453			475,935			454,998		95.6
Investment securities available for sale	4,238,082			4,455,308			(217,226	)	(4.9	)	4,873,778			4,783,579			4,634,124			(396,042	)	(8.5	)
Investment securities held to maturity	185,007			192,917			(7,910	)	(4.1	)	198,958			207,446			213,561			(28,554	)	(13.4	)
Total investment securities	4,423,089			4,648,225			(225,136	)	(4.8	)	5,072,736			4,991,025			4,847,685			(424,596	)	(8.8	)
Mortgage loans held for sale	255,276			187,987			67,289		35.8		128,451			107,734			42,976			212,300		494.0
Loans and leases, net of unearned income	23,676,537			23,355,311			321,226		1.4		22,968,295			22,519,815			22,343,906			1,332,631		6.0
Allowance for loan and lease losses	(146,235		)	(146,386		)	(151	)	(0.1	)	(142,966		)	(140,571		)	(136,950		)	9,285		6.8
Loans and leases, net	23,530,302			23,208,925			321,377		1.4		22,825,329			22,379,244			22,206,956			1,323,346		6.0
Premises and equipment, net	298,309			295,897			2,412		0.8		297,342			300,507			304,605			(6,296	)	(2.1	)
Goodwill and other intangible assets	1,314,676			1,317,151			(2,475	)	(0.2	)	1,319,992			1,324,269			1,313,478			1,198		0.1
Other assets	982,013			999,032			(17,019	)	(1.7	)	944,442			1,039,783			926,752			55,261		6.0
Total assets	$	31,734,598		$	31,446,532		288,066		0.9		$	31,260,189		$	30,833,015		$	30,118,387		1,616,211		5.4
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	6,518,783		$	6,474,394		44,389		0.7		$	6,448,613		$	6,542,490		$	6,544,926		(26,143	)	(0.4	)
NOW accounts	4,503,353			4,610,577			(107,224	)	(2.3	)	4,452,966			4,514,113			4,247,533			255,820		6.0
Savings and money market accounts	9,325,761			8,895,463			430,298		4.8		9,119,263			9,066,205			9,159,036			166,725		1.8
Time deposits	4,629,388			4,314,897			314,491		7.3		4,071,220			3,640,623			3,241,951			1,387,437		42.8
Total deposits	24,977,285			24,295,331			681,954		2.8		24,092,062			23,763,431			23,193,446			1,783,839		7.7
Short-term borrowings	275,000			813,000			(538,000	)	(66.2	)	845,000			1,167,000			790,000			(515,000	)	(65.2	)
Securities sold under agreements to repurchase	223,049			184,507			38,542		20.9		261,131			315,882			452,719			(229,670	)	(50.7	)
Trust preferred securities	120,110			120,110			—		—		120,110			120,110			120,110			—		—
Other long-term debt	1,274,092			1,254,649			19,443		1.5		1,355,345			1,046,041			1,346,700			(72,608	)	(5.4	)
Other liabilities	581,762			540,935			40,827		7.5		444,710			364,274			273,051			308,711		113.1
Total liabilities	27,451,298			27,208,532			242,766		0.9		27,118,358			26,776,738			26,176,026			1,275,272		4.9
Total shareholders' equity	4,283,300			4,238,000			45,300		1.1		4,141,831			4,056,277			3,942,361			340,939		8.6
Total liabilities and shareholders' equity	$	31,734,598		$	31,446,532		288,066		0.9		$	31,260,189		$	30,833,015		$	30,118,387		1,616,211		5.4

17

TABLE 4 Continued - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(Dollars in thousands)
AVERAGE BALANCES							Linked Qtr Change													Year/Year Change
ASSETS	9/30/2019			6/30/2019			$		%		3/31/2019			12/31/2018			9/30/2018			$		%
Cash and due from banks	$	272,273		$	275,917		(3,644	)	(1.3	)	$	291,659		$	281,509		$	279,918		(7,645	)	(2.7	)
Interest-bearing deposits in other banks	531,665			436,948			94,717		21.7		332,638			385,619			259,455			272,210		104.9
Total cash and cash equivalents	803,938			712,865			91,073		12.8		624,297			667,128			539,373			264,565		49.1
Investment securities available for sale	4,365,558			4,650,757			(285,199	)	(6.1	)	4,816,855			4,567,564			4,673,454			(307,896	)	(6.6	)
Investment securities held to maturity	189,400			195,639			(6,239	)	(3.2	)	202,601			211,333			216,419			(27,019	)	(12.5	)
Total investment securities	4,554,958			4,846,396			(291,438	)	(6.0	)	5,019,456			4,778,897			4,889,873			(334,915	)	(6.8	)
Mortgage loans held for sale	209,778			159,931			49,847		31.2		95,588			63,033			87,823			121,955		138.9
Loans and leases, net of unearned income	23,522,892			23,120,689			402,203		1.7		22,599,686			22,364,188			22,162,373			1,360,519		6.1
Allowance for loan and lease losses	(148,203		)	(145,854		)	(2,349	)	1.6		(140,915		)	(138,675		)	(139,075		)	(9,128	)	6.6
Loans and leases, net	23,374,689			22,974,835			399,854		1.7		22,458,771			22,225,513			22,023,298			1,351,391		6.1
Premises and equipment, net	298,055			298,119			(64	)	0.0		299,741			302,956			315,259			(17,204	)	(5.5	)
Goodwill and other intangible assets	1,315,359			1,318,182			(2,823	)	(0.2	)	1,322,288			1,318,200			1,316,527			(1,168	)	(0.1	)
Other assets	997,514			961,494			36,020		3.7		1,013,359			977,740			874,078			123,436		14.1
Total assets	$	31,554,291		$	31,271,822		282,469		0.9		$	30,833,500		$	30,333,467		$	30,046,231		1,508,060		5.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Non-interest-bearing deposits	$	6,425,026		$	6,442,217		(17,191	)	(0.3	)	$	6,271,313		$	6,646,071		$	6,684,343		(259,317	)	(3.9	)
NOW accounts	4,451,579			4,488,691			(37,112	)	(0.8	)	4,458,634			4,212,304			4,296,392			155,187		3.6
Savings and money market accounts	9,188,186			9,014,822			173,364		1.9		9,089,099			9,169,184			9,237,614			(49,428	)	(0.5	)
Time deposits	4,523,555			4,156,974			366,581		8.8		3,859,354			3,457,017			3,023,180			1,500,375		49.6
Total deposits	24,588,346			24,102,704			485,642		2.0		23,678,400			23,484,576			23,241,529			1,346,817		5.8
Short-term borrowings	606,739			782,516			(175,777	)	(22.5	)	859,576			602,593			820,087			(213,348	)	(26.0	)
Securities sold under agreements to repurchase	187,305			214,090			(26,785	)	(12.5	)	291,643			386,563			376,078			(188,773	)	(50.2	)
Trust preferred securities	120,110			120,110			—		—		120,110			120,110			120,110			—		—
Other long-term debt	1,240,382			1,345,575			(105,193	)	(7.8	)	1,343,752			1,308,086			1,260,900			(20,518	)	(1.6	)
Other liabilities	545,838			463,803			82,035		17.7		434,516			470,501			292,445			253,393		86.6
Total liabilities	27,288,720			27,028,798			259,922		1.0		26,727,997			26,372,429			26,111,149			1,177,571		4.5
Total shareholders' equity	4,265,571			4,243,024			22,547		0.5		4,105,503			3,961,038			3,935,082			330,489		8.4
Total liabilities and shareholders' equity	$	31,554,291		$	31,271,822		282,469		0.9		$	30,833,500		$	30,333,467		$	30,046,231		1,508,060		5.0

18

Table 5 - IBERIABANK CORPORATION
LOANS AND ASSET QUALITY DATA
(Dollars in thousands)
							Linked Qtr Change													Year/Year Change
LOANS	9/30/2019			6/30/2019			$		%		3/31/2019			12/31/2018			9/30/2018			$		%
Commercial loans and leases:
Real estate- construction	$	1,330,014		$	1,342,984		(12,970	)	(1.0	)	$	1,219,647		$	1,196,366		$	1,127,988		202,026		17.9
Real estate- owner-occupied (1)	2,468,061			2,373,143			94,918		4.0		2,408,079			2,395,822			2,458,964			9,097		0.4
Real estate- non-owner occupied	6,011,681			6,102,143			(90,462	)	(1.5	)	6,147,864			5,796,117			5,794,931			216,750		3.7
Commercial and industrial (6)	6,490,125			6,161,759			328,366		5.3		5,852,568			5,737,017			5,581,040			909,085		16.3
Total commercial loans and leases	16,299,881			15,980,029			319,852		2.0		15,628,158			15,125,322			14,962,923			1,336,958		8.9
Residential mortgage loans	4,649,745			4,538,194			111,551		2.5		4,415,267			4,359,156			4,300,163			349,582		8.1
Consumer and other loans:
Home equity	2,053,588			2,147,897			(94,309	)	(4.4	)	2,220,648			2,304,694			2,350,176			(296,588	)	(12.6	)
Other	673,323			689,191			(15,868	)	(2.3	)	704,222			730,643			730,644			(57,321	)	(7.8	)
Total consumer and other loans	2,726,911			2,837,088			(110,177	)	(3.9	)	2,924,870			3,035,337			3,080,820			(353,909	)	(11.5	)
Total loans and leases	$	23,676,537		$	23,355,311		321,226		1.4		$	22,968,295		$	22,519,815		$	22,343,906		1,332,631		6.0
Allowance for loan and lease losses (2)	$	(146,235	)	$	(146,386	)	(151	)	(0.1	)	$	(142,966	)	$	(140,571	)	$	(136,950	)	9,285		6.8
Loans and leases, net	23,530,302			23,208,925			321,377		1.4		22,825,329			22,379,244			22,206,956			1,323,346		6.0
Reserve for unfunded commitments	(16,144		)	(15,281		)	863		5.6		(15,981		)	(14,830		)	(14,721		)	1,423		9.7
Allowance for credit losses	(162,379		)	(161,667		)	712		0.4		(158,947		)	(155,401		)	(151,671		)	10,708		7.1
ASSET QUALITY DATA
Non-accrual loans (3)	$	153,113		$	158,992		(5,879	)	(3.7	)	$	148,056		$	137,184		$	143,595		9,518		6.6
Other real estate owned and foreclosed assets	27,075			28,106			(1,031	)	(3.7	)	30,606			30,394			32,418			(5,343	)	(16.5	)
Accruing loans more than 90 days past due (3)	4,790			851			3,939		462.9		4,111			2,128			12,452			(7,662	)	(61.5	)
Total non-performing assets (3)(4)	$	184,978		$	187,949		(2,971	)	(1.6	)	$	182,773		$	169,706		$	188,465		(3,487	)	(1.9	)
Loans 30-89 days past due (3)	$	54,618		$	43,021		11,597		27.0		$	45,334		$	57,332		$	70,624		(16,006	)	(22.7	)
Non-performing assets to total assets (3)(4)	0.58		%	0.60		%					0.58		%	0.55		%	0.63		%
Non-performing assets to total loans and OREO (3)(4)	0.78			0.80							0.79			0.75			0.84
ALLL to non-performing loans (3)(5)	92.6			91.6							94.0			100.9			87.8
ALLL to non-performing assets (3)(4)	79.1			77.9							78.2			82.8			72.7
ALLL to total loans and leases	0.62			0.63							0.62			0.62			0.61

19

Quarter-to-date charge-offs	$	10,777		$	10,275		502	4.9	$	8,918		$	10,806		$	12,006		(1,229	)	(10.2	)
Quarter-to-date recoveries	(2,336		)	(2,218		)	118	5.3	(1,586		)	(3,097		)	(3,049		)	(713	)	(23.4	)
Quarter-to-date net charge-offs	$	8,441		$	8,057		384	4.8	$	7,332		$	7,709		$	8,957		(516	)	(5.8	)
Net charge-offs to average loans (annualized)	0.14		%	0.14		%			0.13		%	0.14		%	0.16		%
(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) The allowance for loan and lease losses includes impairment reserves attributable to acquired impaired loans.
(3) For purposes of this table, past due and non-accrual loan amounts 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.
(4) Non-performing assets consist of non-accruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.
(5) Non-performing loans consist of non-accruing loans and accruing loans 90 days or more past due.
(6) Includes equipment financing leases.

20

TABLE 6 - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Three Months Ended
	9/30/2019							6/30/2019						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 and leases	$	16,155,962		$	205,350	5.06	%	$	15,766,423	$	205,093	5.24	%	(18)
Residential mortgage loans	4,588,549			50,939		4.44		4,482,150		49,388		4.41		3
Consumer and other loans	2,778,381			40,501		5.78		2,872,116		42,205		5.89		(11)
Total loans and leases	23,522,892			296,790		5.03		23,120,689		296,686		5.16		(13)
Mortgage loans held for sale	209,778			1,936		3.69		159,931		1,588		3.97		(28)
Investment securities (2)	4,493,789			29,932		2.71		4,853,858		33,803		2.83		(12)
Other earning assets	733,305			4,520		2.44		639,232		3,890		2.44		—
Total earning assets	28,959,764			333,178		4.59		28,773,710		335,967		4.70		(11)
Allowance for loan and lease losses	(148,203		)					(145,854)
Non-earning assets	2,742,730							2,643,966
Total assets	$	31,554,291						$	31,271,822
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	4,451,579		$	11,305	1.01	%	$	4,488,691	$	11,623	1.04	%	(3)
Savings and money market accounts	9,188,186			32,959		1.42		9,014,822		30,845		1.37		5
Time deposits	4,523,555			26,489		2.32		4,156,974		23,398		2.26		6
Total interest-bearing deposits (3)	18,163,320			70,753		1.55		17,660,487		65,866		1.50		5
Short-term borrowings	794,044			3,880		1.94		996,606		5,197		2.09		(15)
Long-term debt	1,360,492			9,212		2.69		1,465,685		9,565		2.62		7
Total interest-bearing liabilities	20,317,856			83,845		1.64		20,122,778		80,628		1.61		3
Non-interest-bearing deposits	6,425,026							6,442,217
Non-interest-bearing liabilities	545,838							463,803
Total liabilities	27,288,720							27,028,798
Total shareholders' equity	4,265,571							4,243,024
Total liabilities and shareholders' equity	$	31,554,291						$	31,271,822
Net interest income/Net interest spread				$	249,333	2.95	%			$	255,339	3.09	%	(14)
Taxable equivalent benefit				1,320		0.02				1,338		0.02		—
Net interest income (TE)/Net interest margin (TE) (1)				$	250,653	3.44	%			$	256,677	3.57	%	(13)
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(2) Balances exclude unrealized gain or loss on securities available for sale and the impact of trade date accounting.
(3) Total deposit costs for the three months ended September 30, 2019 and June 30, 2019 were 1.14% and 1.10%, respectively.

21

TABLE 6 Continued - IBERIABANK CORPORATION
QUARTERLY AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Three Months Ended
	3/31/2019						12/31/2018						9/30/2018
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 and leases	$	15,253,655	$	194,510	5.19	%	$	14,978,169	$	196,881	5.24	%	$	14,825,572	$	191,014	5.13	%
Residential mortgage loans	4,385,634		47,829		4.36		4,345,811		53,836		4.96		4,230,471		48,145		4.55
Consumer and other loans	2,960,397		42,540		5.83		3,040,208		44,275		5.78		3,106,330		43,966		5.62
Total loans and leases	22,599,686		284,879		5.11		22,364,188		294,992		5.26		22,162,373		283,125		5.09
Mortgage loans held for sale	95,588		1,054		4.41		63,033		721		4.58		87,823		1,037		4.72
Investment securities (2)	5,052,922		36,125		2.90		4,782,844		30,559		2.61		5,016,163		29,793		2.43
Other earning assets	533,745		4,026		3.06		581,673		3,924		2.68		456,120		3,112		2.71
Total earning assets	28,281,941		326,084		4.68		27,791,738		330,196		4.74		27,722,479		317,067		4.57
Allowance for loan and lease losses	(140,915)						(138,675)						(139,075)
Non-earning assets	2,692,474						2,680,404						2,462,827
Total assets	$	30,833,500					$	30,333,467					$	30,046,231
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	4,458,634	$	11,396	1.04	%	$	4,212,304	$	9,420	0.89	%	$	4,296,392	$	8,841	0.82	%
Savings and money market accounts	9,089,099		28,762		1.28		9,169,184		26,062		1.13		9,237,614		23,076		0.99
Time deposits	3,859,354		20,077		2.11		3,457,017		16,666		1.91		3,023,180		12,484		1.64
Total interest-bearing deposits (3)	17,407,087		60,235		1.40		16,838,505		52,148		1.23		16,557,186		44,401		1.06
Short-term borrowings	1,151,219		5,716		2.01		989,156		4,104		1.65		1,196,165		4,727		1.57
Long-term debt	1,463,862		9,649		2.67		1,428,196		8,923		2.48		1,381,010		8,714		2.50
Total interest-bearing liabilities	20,022,168		75,600		1.53		19,255,857		65,175		1.34		19,134,361		57,842		1.20
Non-interest-bearing deposits	6,271,313						6,646,071						6,684,343
Non-interest-bearing liabilities	434,516						470,501						292,445
Total liabilities	26,727,997						26,372,429						26,111,149
Total shareholders' equity	4,105,503						3,961,038						3,935,082
Total liabilities and shareholders' equity	$	30,833,500					$	30,333,467					$	30,046,231
Net interest income/Net interest spread			$	250,484	3.15	%			$	265,021	3.40	%			$	259,225	3.37	%
Taxable equivalent benefit			1,349		0.02				1,427		0.02				1,461		0.02
Net interest income (TE)/Net interest margin (TE) (1)			$	251,833	3.59	%			$	266,448	3.81	%			$	260,686	3.74	%
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(2) Balances exclude unrealized gain or loss on securities available for sale and the impact of trade date accounting.
(3) Total deposit costs for the three months ended March 31, 2019, December 31, 2018, and September 30, 2018, were 1.03%, 0.88% and 0.76%, respectively.

22

TABLE 7 - IBERIABANK CORPORATION
YEAR-TO-DATE AVERAGE BALANCES, NET INTEREST INCOME AND YIELDS/RATES
(Dollars in thousands)
	For the Nine Months Ended
	9/30/2019							9/30/2018						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 and leases	$	15,728,652		$	604,953	5.16	%	$	14,517,767	$	534,504	4.94	%	22
Residential mortgage loans	4,486,188			148,156		4.40		3,811,786		129,854		4.54		(14)
Consumer and other loans	2,869,631			125,246		5.84		3,069,198		127,312		5.55		29
Total loans and leases	23,084,471			878,355		5.10		21,398,751		791,670		4.96		14
Mortgage loans held for sale	155,517			4,578		3.93		89,845		3,027		4.49		(56)
Investment securities (2)	4,798,142			99,860		2.82		4,940,093		87,212		2.41		41
Other earning assets	636,158			12,436		2.61		571,346		9,524		2.23		38
Total earning assets	28,674,288			995,229		4.66		27,000,035		891,433		4.43		23
Allowance for loan and lease losses	(145,017		)					(142,960)
Non-earning assets	2,693,240							2,466,370
Total assets	$	31,222,511						$	29,323,445
LIABILITIES AND SHAREHOLDERS' EQUITY
Interest-bearing liabilities:
NOW accounts	$	4,466,275		$	34,325	1.03	%	$	4,384,425	$	24,542	0.75	%	28
Savings and money market accounts	9,097,732			92,565		1.36		9,018,101		56,089		0.83		53
Time deposits	4,182,394			69,964		2.24		2,740,119		28,173		1.37		87
Total interest-bearing deposits (3)	17,746,401			196,854		1.48		16,142,645		108,804		0.90		58
Short-term borrowings	979,315			14,793		2.02		1,073,296		10,578		1.32		70
Long-term debt	1,429,634			28,426		2.66		1,380,000		23,824		2.31		35
Total interest-bearing liabilities	20,155,350			240,073		1.59		18,595,941		143,206		1.03		56
Non-interest-bearing deposits	6,380,082							6,587,729
Non-interest-bearing liabilities	481,794							283,438
Total liabilities	27,017,226							25,467,108
Total shareholders' equity	4,205,285							3,856,337
Total liabilities and shareholders' equity	$	31,222,511						$	29,323,445
Net interest income/Net interest spread				$	755,156	3.07	%			$	748,227	3.40	%	(33)
Tax-equivalent benefit				3,994		0.02				4,357		0.02		—
Net interest income (TE)/Net interest margin (TE) (1)				$	759,150	3.54	%			$	752,584	3.72	%	(18)
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(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 nine months ended September 30, 2019 and 2018 were 1.09% and 0.64%, respectively.

23

Table 8 - IBERIABANK CORPORATION
LEGACY AND ACQUIRED LOAN PORTFOLIO VOLUMES AND YIELDS
(Dollars in millions)
	For the Three Months Ended
	9/30/2019							6/30/2019							3/31/2019							12/31/2018							9/30/2018
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 and leases, net	$	229		$	18,721	4.86	%	$	225		$	17,984	5.00	%	$	213		$	17,192	5.02	%	$	209		$	16,616	4.99	%	$	193		$	15,957	4.80	%
Acquired loans	68			4,802		5.62		72			5,137		5.64		72			5,408		5.35		86			5,748		5.97		90			6,205		5.78
Total loans and leases	$	297		$	23,523	5.01	%	$	297		$	23,121	5.14	%	$	285		$	22,600	5.10	%	$	295		$	22,364	5.24	%	$	283		$	22,162	5.08	%
	9/30/2019							6/30/2019							3/31/2019							12/31/2018							9/30/2018
ADJUSTMENTS	Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield		Income			Average Balance		Yield
Legacy loans and leases, net	$	—		$	—	0.00	%	$	—		$	—	0.00	%	$	—		$	—	0.00	%	$	—		$	—	0.00	%	$	—		$	—	0.00	%
Acquired loans	(14		)	111		(1.24	)	(14		)	124		(1.15	)	(11		)	136		(0.92	)	(19		)	144		(1.46	)	(17		)	144		(1.23	)
Total loans and leases	$	(14	)	$	111	(0.25	)%	$	(14	)	$	124	(0.25	)%	$	(11	)	$	136	(0.22	)%	$	(19	)	$	144	(0.38	)%	$	(17	)	$	144	(0.35	)%
	6/30/2019							6/30/2019							3/31/2019							12/31/2018							9/30/2018
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 and leases, net	$	229		$	18,721	4.86	%	$	225		$	17,984	5.00	%	$	213		$	17,192	5.02	%	$	209		$	16,616	4.99	%	$	193		$	15,957	4.80	%
Acquired loans	54			4,913		4.38		58			5,261		4.49		61			5,544		4.43		67			5,892		4.51		73			6,349		4.55
Total loans and leases	$	283		$	23,634	4.76	%	$	283		$	23,245	4.89	%	$	274		$	22,736	4.88	%	$	276		$	22,508	4.86	%	$	266		$	22,306	4.73	%

24

Table 9 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands, except per share amounts)
	For the Three Months Ended
	9/30/2019								6/30/2019								3/31/2019
	Pre-tax			After-tax			Per share (2)		Pre-tax			After-tax			Per share (2)		Pre-tax			After-tax			Per share (2)
Net income	$	131,359		$	99,850		$	1.89	$	133,791		$	101,598		$	1.88	$	130,477		$	100,131		$	1.82
Less: Preferred stock dividends	—			3,599			0.07		—			949			0.02		—			3,598			0.07
Income available to common shareholders (GAAP)	$	131,359		$	96,251		$	1.82	$	133,791		$	100,649		$	1.86	$	130,477		$	96,533		$	1.75
Non-interest income adjustments (1)(3):
Loss (gain) on sale of investments	—			—			—		1,012			769			0.01		—			—			—
Non-interest expense adjustments (1)(3):
Merger-related expense	—			—			—		(10		)	(7		)	—		(334		)	(254		)	—
Compensation-related expense	—			—			—		—			—			—		(9		)	(7		)	—
Impairment of long-lived assets, net of (gain) loss on sale	—			—			—		(22		)	(17		)	—		986			749			0.01
Other non-core non-interest expense	—			—			—		107			81			—		(3,129		)	(2,378		)	(0.04		)
Total non-interest expense adjustments	—			—			—		75			57			—		(2,486		)	(1,890		)	(0.03		)
Core earnings (Non-GAAP)	131,359			96,251			1.82		134,878			101,475			1.87		127,991			94,643			1.72
Provision for credit losses (1)	8,986			6,829					10,755			8,174					13,763			10,460
Pre-provision earnings, as adjusted (Non-GAAP) (3)	$	140,345		$	103,080				$	145,633		$	109,649				$	141,754		$	105,103
	For the Three Months Ended
	12/31/2018								9/30/2018
	Pre-tax			After-tax			Per share (2)		Pre-tax			After-tax			Per share (2)
Net income	$	83,907		$	130,039		$	2.34	$	131,866		$	101,465		$	1.79
Less: Preferred stock dividends	—			949			0.02		—			3,599			0.06
Income available to common shareholders (GAAP)	$	83,907		$	129,090		$	2.32	$	131,866		$	97,866		$	1.73
Non-interest income adjustments (1)(3):
(Gain) loss on sale of investments	49,844			37,882			0.68		(1		)	(1		)	—
Other non-core non-interest income	415			316			—		—			—			—
Total non-interest income adjustments	50,259			38,198			0.68		(1		)	(1		)	—
Non-interest expense adjustments (1)(3):
Merger-related expense	(238		)	(353		)	—		973			743			0.01
Compensation-related expense	184			140			—		1,104			839			0.01
Impairment of long-lived assets, net of (gain) loss on sale	64			49			—		3,286			2,497			0.05

25

Gain on early termination of loss share agreements	—		—			—		(2,708		)	(2,058		)	(0.04	)
Other non-core non-interest expense	2,600		1,976			0.04		(1,955		)	(1,486		)	(0.02	)
Total non-interest expense adjustments	2,610		1,812			0.04		700			535			0.01
Income tax expense - impact of the Tax Cuts and Jobs Act	—		(65,317		)	(1.18	)	—			—			—
Core earnings (Non-GAAP)	136,776		103,783			1.86		132,565			98,400			1.74
Provision for credit losses (1)	13,094		9,951					11,384			8,652
Pre-provision earnings, as adjusted (Non-GAAP) (3)	$	149,870	$	113,734				$	143,949		$	107,052
(1) Excluding preferred stock dividends and merger-related expense, after-tax amounts are calculated using a tax rate of 24%, 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, and gains, losses, and impairment charges on long-lived assets.

26

	For the Nine Months Ended
	9/30/2019									9/30/2018
	Pre-tax			After-tax			Per share (2)			Pre-tax			After-tax			Per share (2)
Net income	$	395,627		$	301,579		$	5.58		$	318,620		$	240,210		$	4.29
Less: Preferred stock dividends	—			8,146			0.15			—			8,146			0.15
Income available to common shareholders (GAAP)	$	395,627		$	293,433		$	5.43		$	318,620		$	232,064		$	4.14
Non-interest income adjustments (1)(3):
Loss (gain) on sale of investments	1,012			769			0.01			55			41			—
Non-interest expense adjustments (1)(3):
Merger-related expense	(344		)	(261		)	—			31,533			24,272			0.44
Compensation-related expense	(9		)	(7		)	—			4,106			3,121			0.06
Impairment of long-lived assets, net of (gain) loss on sale	964			732			0.01			10,773			8,187			0.15
Gain on early termination of loss share agreements	—			—			—			(2,708		)	(2,058		)	(0.04		)
Other non-core non-interest expense	(3,022		)	(2,297		)	(0.04		)	(2,733		)	(2,078		)	(0.04		)
Total non-interest expense adjustments	(2,411		)	(1,833		)	(0.03		)	40,971			31,444			0.57
Income tax expense (benefit) - impact of the Tax Cuts and Jobs Act	—			—			—			—			6,572			0.12
Income tax expense (benefit) - other	—			—			—			—			173			—
Core earnings (Non-GAAP)	394,228			292,369			5.41			359,646			270,294			4.83
Provision for credit losses (1)	33,504			25,463						27,290			20,740
Pre-provision earnings, as adjusted (Non-GAAP) (3)	$	427,732		$	317,832					$	386,936		$	291,034
(1) Excluding preferred stock dividends and merger-related expense, after-tax amounts are calculated using a tax rate of 24% , 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, and gains, losses, and impairment charges on long-lived assets.

27

Table 10 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(Dollars in thousands)
	For the Three Months Ended
	9/30/2019			6/30/2019			3/31/2019			12/31/2018			9/30/2018
Net interest income (GAAP)	$	249,333		$	255,339		$	250,484		$	265,021		$	259,225
Taxable equivalent benefit	1,320			1,338			1,349			1,427			1,461
Net interest income (TE) (Non-GAAP) (1)	250,653			256,677			251,833			266,448			260,686
Non-interest income (GAAP)	63,674			58,825			52,509			969			53,087
Taxable equivalent benefit	468			465			478			539			463
Non-interest income (TE) (Non-GAAP) (1)	64,142			59,290			52,987			1,508			53,550
Taxable equivalent revenues (Non-GAAP) (1)	314,795			315,967			304,820			267,956			314,236
Securities (gains) losses and other non-interest income	—			1,012			—			50,259			(1		)
Core taxable equivalent revenues (Non-GAAP) (1)	$	314,795		$	316,979		$	304,820		$	318,215		$	314,235
Total non-interest expense (GAAP)	$	172,662		$	169,618		$	158,753		$	168,989		$	169,062
Less: Intangible amortization expense	4,410			4,786			5,009			5,083			5,382
Tangible non-interest expense (Non-GAAP) (2)	168,252			164,832			153,744			163,906			163,680
Less: Merger-related expense	—			(10		)	(334		)	(238		)	973
Compensation-related expense	—			—			(9		)	184			1,104
Impairment of long-lived assets, net of (gain) loss on sale	—			(22		)	986			64			3,286
Gain on early termination of loss share agreements	—			—			—			—			(2,708		)
Other non-core non-interest expense	—			107			(3,129		)	2,600			(1,955		)
Core tangible non-interest expense (Non-GAAP) (2)	$	168,252		$	164,757		$	156,230		$	161,296		$	162,980
Return on average assets (GAAP)	1.26		%	1.30		%	1.32		%	1.70		%	1.34		%
Effect of non-core revenues and expenses	—			0.01			(0.03		)	(0.33		)	0.01
Core return on average assets (Non-GAAP)	1.26		%	1.31		%	1.29		%	1.37		%	1.35		%
Efficiency ratio (GAAP)	55.2		%	54.0		%	52.4		%	63.5		%	54.1		%
Effect of tax benefit related to tax-exempt income	(0.3		)	(0.3		)	(0.3		)	(0.4		)	(0.3		)
Efficiency ratio (TE) (Non-GAAP) (1)	54.9		%	53.7		%	52.1		%	63.1		%	53.8		%
Effect of amortization of intangibles	(1.5		)	(1.5		)	(1.6		)	(1.9		)	(1.7		)
Effect of non-core items	—			(0.2		)	0.8			(10.5		)	(0.2		)
Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2)	53.4		%	52.0		%	51.3		%	50.7		%	51.9		%
Return on average common equity (GAAP)	9.46		%	10.05		%	9.85		%	13.38		%	10.21		%
Effect of non-core revenues and expenses	—			0.08			(0.19		)	(2.63		)	0.06
Core return on average common equity (Non-GAAP)	9.46		%	10.13		%	9.66		%	10.75		%	10.27		%
Effect of intangibles (2)	5.02			5.45			5.37			6.23			6.07
Core return on average tangible common equity (Non-GAAP) (2)	14.48		%	15.58		%	15.03		%	16.98		%	16.34		%
Total shareholders' equity (GAAP)	$	4,283,300		$	4,238,000		$	4,141,831		$	4,056,277		$	3,942,361
Less: Goodwill and other intangibles	1,301,348			1,305,752			1,310,458			1,315,462			1,305,915
Preferred stock	228,485			228,485			132,097			132,097			132,097
Tangible common equity (Non-GAAP) (2)	$	2,753,467		$	2,703,763		$	2,699,276		$	2,608,718		$	2,504,349
Total assets (GAAP)	$	31,734,598		$	31,446,532		$	31,260,189		$	30,833,015		$	30,118,387
Less: Goodwill and other intangibles	1,301,348			1,305,752			1,310,458			1,315,462			1,305,915
Tangible assets (Non-GAAP) (2)	$	30,433,250		$	30,140,780		$	29,949,731		$	29,517,553		$	28,812,472
Tangible common equity ratio (Non-GAAP) (2)	9.05		%	8.97		%	9.01		%	8.84		%	8.69		%
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(2) Tangible calculations eliminate the effect of goodwill and acquisition-related intangibles and the corresponding amortization expense on a tax-effected basis where applicable.

28

	For the Nine Months Ended
	9/30/2019			9/30/2018
Net interest income (GAAP)	$	755,156		$	748,227
Taxable equivalent benefit	3,994			4,357
Net interest income (TE) (Non-GAAP) (1)	759,150			752,584
Non-interest income (GAAP)	175,008			151,593
Taxable equivalent benefit	1,411			1,140
Non-interest income (TE) (Non-GAAP) (1)	176,419			152,733
Taxable equivalent revenues (Non-GAAP) (1)	935,569			905,317
Securities (gains) losses and other non-interest income	1,012			55
Core taxable equivalent revenues (Non-GAAP) (1)	$	936,581		$	905,372
Total non-interest expense (GAAP)	$	501,033		$	553,910
Less: Intangible amortization expense	14,205			16,595
Tangible non-interest expense (Non-GAAP) (2)	486,828			537,315
Less: Merger-related expense	(344		)	31,533
Compensation-related expense	(9		)	4,106
Impairment of long-lived assets, net of (gain) loss on sale	964			10,773
Gain on early termination of loss share agreements	—			(2,708		)
Other non-core non-interest expense	(3,022		)	(2,733		)
Core tangible non-interest expense (Non-GAAP) (2)	$	489,239		$	496,344
Return on average assets (GAAP)	1.29		%	1.10		%
Effect of non-core revenues and expenses	—			0.17
Core return on average assets (Non-GAAP)	1.29		%	1.27		%
Efficiency ratio (GAAP)	53.9		%	61.6		%
Effect of tax benefit related to tax-exempt income	(0.3		)	(0.4		)
Efficiency ratio (TE) (Non-GAAP) (1)	53.6		%	61.2		%
Effect of amortization of intangibles	(1.6		)	(1.9		)
Effect of non-core items	0.2			(4.5		)
Core tangible efficiency ratio (TE) (Non-GAAP) (1) (2)	52.2		%	54.8		%
Return on average common equity (GAAP)	9.78		%	8.33		%
Effect of non-core revenues and expenses	—			0.02
Core return on average common equity (Non-GAAP)	9.78		%	8.35		%
Effect of intangibles (2)	4.74			4.88
Core return on average tangible common equity (Non-GAAP) (2)	14.52		%	13.23		%
Total shareholders' equity (GAAP)	$	4,283,300		$	3,942,361
Less: Goodwill and other intangibles	1,301,348			1,305,915
Preferred stock	228,485			132,097
Tangible common equity (Non-GAAP) (2)	$	2,753,467		$	2,504,349
Total assets (GAAP)	$	31,734,598		$	30,118,387
Less: Goodwill and other intangibles	1,301,348			1,305,915
Tangible assets (Non-GAAP) (2)	$	30,433,250		$	28,812,472
Tangible common equity ratio (Non-GAAP) (2)	9.05		%	8.69		%
(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%.
(2) Tangible calculations eliminate the effect of goodwill and acquisition-related intangibles and the corresponding amortization expense on a tax-effected basis where applicable.

29

EX-99.2

Exhibit 99.2 3Q19 Earnings Presentation October 18, 2019

Safe Harbor And Non-GAAP Financial Measures 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 October 18, 2019, 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. 2

Corporate Profile Driving long-term value creation for our clients, associates, communities and shareholders Our Franchise Corporate Snapshot • $4.0 billion market cap as of October 17, 2019 • $76.08 share price • 2.37% dividend yield • $31.7 billion in total assets as of September 30, 2019 • $23.7 billion in loans • $25.0 billion in deposits • Operating continuously for over 132 years • 319 offices serving 33 MSAs across 12 states • Investment grade rated: • Holding Company Issuer – S&P Rating BBB/A-2 • Bank – BBB+ 3

Corporate Profile Driving long-term value creation for our clients, associates, communities and shareholders Mission Statement Our Focus • Provide exceptional value-based client • Relationship-driven commercial and services private banking business • Market-centric, people-driven approach in Great place to work • attractive Southeastern markets • Growth that is consistent with high • Building long-term A-list client performance relationships through service and care • “Branch-lite” delivery model with focus on Shareholder-focused • operating efficiency • Strong sense of community • Diversification across asset classes, business lines and geographies 4

Quarterly Summary 3Q19 Non- Non- GAAP GAAP Key Metrics GAAP GAAP 2Q19 3Q19 Core 2Q19 Core 3Q19 Earnings Per Common Share $1.86 $1.82 $1.87 $1.82 Return On Average Assets 1.30% 1.26% 1.31% 1.26% Return on Average Common Equity 10.05% 9.46% 10.13% 9.46% Return on Tangible Common Equity (TE) -- -- 15.58% 14.48% Tangible Efficiency Ratio (TE) -- -- 52.0% 53.4% Third Quarter Highlights: • Strong loan growth and improvements in non-interest income contributed to $1.82 EPS on both a GAAP and core basis. A 5% increase on a year-over-year basis for both GAAP and Core EPS. • Reported net interest margin of 3.44% and cash margin of 3.24%, a decrease of 13 basis points for both measures. The decline in margin was primarily driven by decreases in short-term interest rates on both originations and repricing of assets. • Revenue on a core basis decreased $2.2 million, or 1% linked quarter, primarily due to changes in interest income, offset by an increase in non-interest income in the quarter. • Core non-interest expense increased by $3.1 million, or 2% from 2Q19, primarily due to a write-off on certain long-lived assets. • Loan growth of $321 million, or 6% annualized, primarily driven by energy and corporate asset finance businesses, and the Birmingham, Mobile and New Orleans markets. • Asset quality metrics continue to be strong and stable. • Tangible book value per common share increase of $1.48, or 3%, during the quarter, and increase of $7.96, or 18% from 3Q18. • Repurchased 552 thousand common shares, or 1% of total outstanding at a weighted average price per share of $72.46 during the quarter. On year to date basis, repurchased 5% of total common shares outstanding. 5

Profitability Trends GAAP EPS Core EPS Return on Average Assets Return on Common Equity 6

Client Growth Loan Highlights Deposit Highlights • Total period-end loan growth of $321 million, or 1.4% (5.5% • Period-end total deposits increased $682 million, or 2.8% annualized). (11.1% annualized rate). • Loan growth during 3Q19 was strongest in the Energy Group • Deposit growth in all but three of the company’s markets. (reserve-based and midstream lending), Corporate Asset • No increase in brokered deposits as compared to 2Q19. Finance (equipment financing and leasing business) Group, and in the Birmingham, Mobile and New Orleans markets. • $1.2 billion in year to date deposit growth, or 7% annualized. • Year to date loan growth of $1.2 billion, or 7% annualized. Loans – Period-End Balances Deposits – Period-End Balances 7

Net Interest Margin Changes For 3Q19 Net Interest Primary Reason Net Interest NII Attribution - Q2 2019 to Q3 2019 Income ($MM) For Change Margin (%) $270 $255.3 2Q19 3.57% $266 $1.8 Higher Growth and New Volume Rates $262 $2.6 2.2 0.02% $2.4 Above Portfolio Yields $258 $255.3 $5.0 0.2 Greater Fee Income on Legacy Loans 0.00% $254 $3.7 $249.3 2.4 Changes in Legacy Loan Portfolios 0.02% $250 $1.3 $246 $2.8 (4.8) Runoff of Acquired Loan Balances -0.07% Decrease in Non-Recurring Recovery (0.2) 0.00% Revenue (5.0) Changes in Acquired Loan Portfolios -0.07% Lower Borrowings Balance Due to NIM Attribution - Q2 2019 to Q3 2019 1.8 0.02% Deposit Growth 3.75% Securities Portfolio Runoff and Higher 3.70% (3.7) -0.05% 0.02% 3.65% 0.02% Premium Amortization Levels 0.02% 3.60% 3.57% Greater Deposit Yields From Non- 3.55% 0.07% (1.3) Maturity Product Repricing and -0.03% 3.50% Promotional Activity 0.05% 3.44% 3.45% 0.03% Increased Level of Time Deposit 3.40% 0.04% (2.8) -0.04% Issuance 3.35% 1.8 Change In Number of Business Days 0.00% 0.8 All Other Factors 0.02% $249.3 3Q19 3.44% • Net interest margin declined 13 basis points in 3Q19 - impacted by repricing of variable rate loans, security portfolio yields, and deposit and funding costs. • Increasing funding costs reduced net interest margin by 5 basis points. 8

Revenues Net Interest Income and Margins Components of Non-Interest Income • GAAP non-interest income increased by $4.8 million primarily as a result of: • Reported net interest margin decreased 13 basis • Increase of $3.2 million in sale of non-mortgage loans, points and cash margin decreased 13 basis • Increase of $1.6 million in customer swap income, and points. • Offset by a $1.0 million decrease in mortgage income • Core non-interest income increased by $3.8 • The Company realized $7.0 million in recoveries million, or 6%. There were no non-core items for for the quarter. the quarter, while 2Q19 included a non-core $1.0 million loss on sales of investment securities Dollars in millions 9

Non-Interest Expense Components of Core Non-Interest Expense Highlights • Total non-interest expense for the quarter increased $3.0 million, or 2%, from the prior quarter to $172.6 million. • Core non-interest expense increased $3.1 million, or 2%, to $172.7 million: Included increases of: • $2.3 million in occupancy and equipment expense, mainly from write-offs of certain long-lived assets • No non-core expenses were incurred for the quarter. 10

Efficiency Efficiency Ratio Trends Annualized Core Non-Interest Expense/Avg Assets • Total core revenues decreased $2.2 million, or 1%, compared to 2Q19, while core expenses were up $3.1 million, or 2%, over the same period. • Core tangible efficiency ratio was 53.4% in 3Q19. • Core non-interest expense/average assets equal to 2.17%, same as prior quarter and down from 2.22% in 3Q18 • There were no bank branch closures in 3Q19. 11

Asset Quality Highlights Diversified Loan Portfolio • The Company remains well- positioned with strong and stable asset quality metrics and diversified loan growth. • Classified Assets to Total Assets of 0.89% in 3Q19 compared to 0.97% in 2Q19 and 1.20% in 3Q18. • Third quarter 2019 NPAs/Assets Non-Performing Assets equal to 0.58%, a 2 basis points decrease compared to the second quarter of 2019. 12

Asset Quality Highlights Provision & Net Charge-Offs NCOs / Avg Loans 2016 0.23% 2017 0.33% • Net charge-offs remain at historically 2018 0.15% low levels. • Annualized QTD net charge-offs equate to 0.14% of average loans, no change from 2Q19. • Provision expense of $9.0 million, a decrease of $1.8 million, and covered net charge-offs by 106% in 3Q19. Allowance for Loan Losses 13

Energy Update • Total energy-related loan balances at 3Q19 equal to $1.4 billion, or 5.9% of total loans outstanding. • Exploration and Production = 62% • Midstream = 33% • Oil Field Service = 5% • Current reserve mix: 53% oil, 35% natural gas, and 12% balanced. 99% of reserve based loans are on-shore. • Credit quality remains stable. • Classified and non-performing energy loans equal to 1.7% of energy portfolio, or $24 million. • Through recent cycle, since 2018, the portfolio is in a net recovery position. • Disciplined lending – focused on credits where companies have strong cash flows, reasonable leverage and appropriately hedged. 14

Interest Rate Risk 12-Month Net Interest Income Scenarios Highlights • Asset-sensitive from an interest rate risk perspective. • Degree of asset sensitivity is a function of the reaction of competitors to changes in deposit pricing. • Forward curve has a slightly negative impact on net interest income over a 12-month period. • Estimated impact of an immediate 25 basis points decrease in the Federal Funds Rate on net interest income would result in an approximate $0.05 decrease in quarterly EPS. 15

Capital Position Highlights Capital Ratios (Preliminary) • Capital ratios remain strong. IBERIABANK Corporation 2Q19 3Q19 Change • Declared quarterly common stock Tangible Common Equity ratio 8.97% 9.05% 8 bps dividend of $0.45 per share payable on October 25, 2019. Common Equity Tier 1 (CET 1) ratio 10.37% 10.41% 4 bps • Issued and sold 4.0 million depositary Tier 1 Leverage 9.71% 9.78% 7 bps shares Preferred Stock Series D, $100 million in gross proceeds, in April 2019. Tier 1 Risk-Based 11.26% 11.28% 2 bps • Repurchased 552 thousand shares IBKC Total Risk-Based 12.33% 12.34% 1 bps common stock during the quarter at a weighted average price of $72.46 per common share. IBERIABANK and Subsidiaries 2Q19 3Q19 Change • Current share repurchase plan of up to Common Equity Tier 1 (CET 1) ratio 11.07% 10.95% (12) bps 1.6 million shares, or approximately 3%, of common stock announced on Tier 1 Leverage 9.55% 9.49% (6) bps July 17, 2019 has 1.2 million common shares available for repurchase. Tier 1 Risk-Based 11.07% 10.95% (12) bps Total Risk-Based 11.70% 11.57% (13) bps • Returned over 66% of net income available to common shareholders in the form of dividends on common stock and share repurchase in 3Q19 and over 94% year to date. 16

2019 Financial Guidance Update 2019 Guidance Current 2Q19 Average Earning Assets $28.7B ~ $29.0B $28.6B ~ $28.8B Consolidated Loan Growth % 6.50% ~ 7.25% 5% ~ 7% Consolidated Deposit Growth % 6.50% ~ 7.25% 5% ~ 7% Provision Expense $38MM ~ $43MM $41MM ~ $45MM Non-Interest Income (Core Basis) $230MM ~ $235MM $222MM ~ $230MM Non-Interest Expense (Core Basis) $667MM ~ $673MM $667MM ~ $677MM Net Interest Margin 3.43% ~ 3.47% 3.48% ~ 3.54% Tax Rate 23.5% ~ 24.0% 23.0% ~ 24.0% Preferred Dividend and Unrestricted Shares $16.0MM ~ $17.0MM $17.0MM ~ $18.0MM Share Repurchase Activity $235MM ~ $240MM $235MM ~ $240MM Credit Quality Stable Stable • Assumes three 25 basis points Federal Funds Rate decreases in 2019 (July, September, and October 2019) 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. 17

Current Expected Credit Loss (CECL) • CECL replaces the current incurred loss methodology with a life-of-loan loss concept; adopting new standard in 1Q20 • New standard requires consideration of historical loss experience and current conditions adjusted for economic forecasts • Anticipated Key Methodology Assumptions • One to two year reasonable and supportable forecast period; one-year reversion to mean historical losses • Blend of multiple economic forecasts used to estimate expected credit losses • Currently expect an CECL Allowance for Credit Losses to Loans ratio of 1.00% to 1.20% utilizing loan portfolio data and economic forecasts as of September 2019 • Range considers ongoing review, enhancement, and approval of methodology, models, and assumptions • Impact of adoption in 1Q20 will be highly influenced by macroeconomic forecasts and loan portfolio composition • Current and projected capital levels are expected to cover anticipated impact; anticipate adopting phase-in approach for regulatory capital • Key changes from the incurred loss model include: • Increases due to consumer real estate secured loans • Expected credit losses on acquired non-impaired loans 18

APPENDIX 19

Loans and Deposits By State Total Loans Total Deposits $23.7 Billion $25.0 Billion Note:Figures at period-end September 30, 2019 20

Non-Interest Income And Expense Trend Details 3Q19 vs. 2Q19 Non-interest Income ($ millions) 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 $ Change % Change Service Charges on Deposit Accounts $ 12.9 $ 13.5 $ 13.4 $ 12.8 $ 12.8 $ 13.2 $ 0.4 3% ATM / Debit Card Fee Income 2.9 2.5 2.3 2.6 3.0 2.9 (0.1) -3% BOLI Proceeds and CSV Income 1.3 1.7 2.0 1.8 1.7 1.7 0.0 0% Mortgage Income 13.7 12.7 10.8 11.8 18.4 17.4 (1.0) -5% Title Revenue 6.8 6.3 6.0 5.2 6.9 7.2 0.3 4% Broker Commissions 2.4 2.6 1.9 1.9 2.0 1.8 (0.2) -12% Other Non-interest Income 13.9 13.8 14.8 16.4 15.0 19.4 4.4 29% Non-interest income excluding non-core income $ 53.9 $ 53.1 $ 51.2 $ 52.5 $ 59.8 $ 63.6 $ 3.8 6% Gain (Loss) on Sale of Investments, Net 0.0 0.0 (49.8) - (1.0) - 1.0 100% Other Non-core income - - (0.4) - - - - - Total Non-interest Income $ 53.9 $ 53.1 $ 1.0 $ 52.5 $ 58.8 $ 63.6 $ 4.8 8% 3Q19 vs. 2Q19 Non-interest Expense ($ millions) 2Q 18 3Q 18 4Q 18 1Q 19 2Q 19 3Q 19 $ Change % Change Mortgage Commissions $ 7.9 $ 7.1 $ 5.4 $ 4.7 $ 7.8 $ 8.1 $ 0.3 4% Hospitalization Expense 6.9 5.2 8.1 6.1 6.6 6.9 0.3 5% Other Salaries and Benefits 86.7 87.8 88.1 87.6 89.0 88.3 (0.7) -1% Salaries and Employee Benefits $ 101.5 $ 100.1 $ 101.6 $ 98.4 $ 103.4 $ 103.3 $ (0.1) 0% Credit/Loan Related 5.1 4.8 4.8 2.9 4.1 4.5 0.4 9% Occupancy and Equipment 19.9 18.5 18.2 18.6 19.0 21.3 2.3 12% Amortization of Acquisition Intangibles 6.1 5.4 5.1 5.0 4.8 4.4 (0.4) -8% All Other Non-interest Expense 42.7 39.6 36.7 36.3 38.2 39.1 0.9 2% Nonint. Exp. (Ex-Non-Core Exp.) $ 175.3 $ 168.4 $ 166.4 $ 161.2 $ 169.5 $ 172.7 $ 3.1 2% Compensation-related expense $ 1.8 $ 1.1 $ 0.2 $ 0.0 $ - $ - - - Gain on early termination of loss share - (2.7) - - - - - - Storm-related expense - - 0.0 0.0 - - - - Impairment of branch properties, net of gains on sales 5.4 3.3 0.1 1.0 (0.0) - 0.0 -100% Consulting and Professional - - 3.0 - - - - - Other Non-interest Expense (0.1) (2.0) (0.3) (3.1) 0.1 - (0.1) -100% Merger-related expense 14.3 1.0 (0.2) (0.3) (0.0) - 0.0 -100% Total Non-interest Expense $ 196.8 $ 169.1 $ 169.0 $ 158.8 $ 169.6 $ 172.7 $ 3.0 2% Tangible Efficiency Ratio - excl Non-Core-Exp 54.3% 51.9% 50.7% 51.3% 52.0% 53.4% 21

GAAP And Non-GAAP Cash Margin Balances, As As Adjusted Reported Adjustments Non-GAAP 3Q18 Average Balance $ 27,722 $ 144 $ 27,866 Income $ 259.2 $ (17.5) $ 241.7 • Adjustments represent accounting Rate 3.74% -0.27% 3.47% impacts of purchase discounts on acquired loans and related 4Q18 Average Balance $ 27,792 $ 144 $ 27,936 accretion Income $ 265.0 $ (19.4) $ 245.6 Rate 3.81% -0.29% 3.52% 1Q19 Average Balance $ 28,282 $ 136 $ 28,418 Income $ 250.5 $ (10.9) $ 239.6 Rate 3.59% -0.17% 3.42% 2Q19 Average Balance $ 28,774 $ 124 $ 28,898 Income $ 255.3 $ (13.3) $ 242.0 Rate 3.57% -0.20% 3.37% 3Q19 Average Balance $ 28,960 $ 111 $ 29,071 Income $ 249.3 $ (13.7) $ 235.6 Rate 3.44% -0.20% 3.24% Dollars in millions 22

Preferred Stock Dividend Schedule (In 000's) 2019 2020 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Preferred B $ 2,650 $ 2,650 $ 2,650 $ 2,650 Preferred C 949 949 949 949 949 949 949 949 Preferred D 3,508 3,050 3,050 Total Per Quarter $ 3,599 $ 949 $ 3,599 $ 4,456 $ 3,599 $ 3,999 $ 3,599 $ 3,999 Annual Total $ 12,602 $ 15,195 • Dividend schedule for anticipated preferred stock cash dividends • Each series preferred stock cash dividend is undeclared and unavailable until authorization by the Board of Directors 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. 23

Reconciliation Of Non-GAAP Financial Measures For The Quarter Ended March 31, 2019 June 30, 2019 September 30, 2019 Dollar Amount Dollar Amount Dollar Amount (2) (2) (2) Pre-tax After-tax Per share Pre-tax After-tax Per share Pre-tax After-tax Per share Income available to common shareholders (GAAP) $ 130.5 $ 96.5 $ 1.75 $ 133.8 $ 100.6 $ 1.86 $ 131.4 $ 96.3 $ 1.82 Non-interest income adjustments Loss / (Gain) on sale of investments and other non-interest income - - - 1.0 0.8 0.01 - - - Non-interest expense adjustments Merger-related expense (0.4) (0.3) - (0.0) (0.0) - - - - Compensation-related expense - - - - - - - - - Impairment of long-lived assets, net of (gain) loss on sale 1.0 0.8 0.01 (0.0) (0.0) - - - - (Gain) on early termination of loss share agreements - - - - - - - - - Other non-operating non-interest expense (3.1) (2.4) (0.04) 0.1 0.1 - - - - Total non-interest expense adjustments (2.5) (1.9) (0.03) 0.1 0.1 0.00 - - - Income tax expense (benefit) - - - - - - - - - Core earnings (Non-GAAP) 128.0 94.6 1.72 134.9 101.5 1.87 131.4 96.3 1.8 Provision for credit losses 13.8 10.5 10.7 8.2 9.0 6.8 Pre-provision earnings, as adjusted (Non-GAAP) $ 141.8 $ 105.1 $ 145.6 $ 109.7 140.3 103.1 (1) Per share amounts may not appear to foot due to rounding. (2) Excluding merger-related expense and litigation expense, after-tax amounts are calculated using a tax rate of 24%, which approximates the marginal tax rate. • No non-core items in 3Q19 • $140.3 million in pre-tax pre-provision core earnings for 3Q19 Dollars in millions 24

XML

Cover Page	Oct. 18, 2019
Entity Listings [Line Items]
Document Type	8-K
Document Period End Date	Oct. 18, 2019
Entity Registrant Name	IBERIABANK CORP
Entity Incorporation, State or Country Code	LA
Entity File Number	001-37532
Entity Tax Identification Number	72-1280718
Entity Address, Address Line One	200 West Congress Street
Entity Address, City or Town	Lafayette
Entity Address, State or Province	LA
Entity Address, Postal Zip Code	70501
City Area Code	337
Local Phone Number	521-4003
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Amendment Flag	false
Entity Central Index Key	0000933141
Common Stock
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock (par value $1.00 per share)
Trading Symbol	IBKC
Security Exchange Name	NASDAQ
Series B Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/400th Interest in
Trading Symbol	IBKCP
Security Exchange Name	NASDAQ
Series C Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/400th Interest in
Trading Symbol	IBKCO
Security Exchange Name	NASDAQ
Series D Preferred Stock
Entity Listings [Line Items]
Title of 12(b) Security	Depositary Shares, Each Representing a 1/400th Interest in
Trading Symbol	IBKCN
Security Exchange Name	NASDAQ