IBERIABANK Corporation Reports Earnings per Share Increase of 71%

      IBERIABANK Corporation Reports Earnings per Share Increase of 71%

PR Newswire

LAFAYETTE, La., Oct. 23, 2012

LAFAYETTE, La., Oct. 23, 2012 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ:
IBKC), holding company of the 125-year-old IBERIABANK (www.iberiabank.com),
reported operating results for the third quarter ended September 30, 2012.
For the quarter, the Company reported income available to common shareholders
of $21 million and fully diluted earnings per share ("EPS") of $0.73, up 71%
compared to the second quarter of 2012.During the third quarter of 2012, the
Company incurred costs associated with a recent acquisition and related
conversion, branch closures, severance, and process improvements totaling $5
million on a pre-tax basis, or $0.10 per share on an after-tax basis. On an
operating basis, EPS in the third quarter of 2012 was $0.83 per share
(non-GAAP; refer to press release supplemental table), up $0.29 per share, or
55%, compared to the second quarter of 2012.

The Company completed the acquisition of Florida Gulf Bancorp, Inc. ("Florida
Gulf") on July 31, 2012. Florida Gulf was headquartered in Fort Myers,
Florida, and added 10 bank offices in the Fort Myers and Cape Coral markets.
The acquisition added $57 million in investment securities, $216 million in
loans (after preliminary discounts), and $286 million in deposits ($58 million
in noninterest bearing deposits and $228 million in interest bearing
deposits). Financial statements reflect the impact of the acquisition
beginning on that date and are subject to future refinements to purchase
accounting adjustments. The conversions of branch and operating systems were
successfully completed over the weekend of August 18-19, 2012. Acquisition
and conversion related costs totaled $3 million on a pre-tax basis in the
third quarter of 2012, or $0.07 per share on an after-tax basis.

Daryl G. Byrd, President and Chief Executive Officer, commented, "Our
financial results for the third quarter demonstrate our significant progress
in improving the long-term value of our franchise. We experienced exceptional
client growth in loans and deposits, a stable margin, and record results in
our mortgage and title insurance businesses. Our operating leverage improved
significantly in the third quarter as revenues grew $8 million and expenses
were fairly flat. Our investments in new markets and lines of business are
exhibiting great promise. Our process improvement initiatives are proceeding
on target, though by no means complete."

Byrd continued, "We welcome the clients, associates, and shareholders of
Florida Gulf to our Company. With this combination, we have an organization
of enviable strength serving Lee County, Florida."

Highlights for the Third Quarter of 2012 and September 30, 2012:

  oIncreased net interest income and stable net interest margin. Tax
    equivalent net interest income improved $4 million and the net interest
    margin declined one basis point on a linked quarter basis to 3.58%. Total
    revenues increased approximately $8 million, or 6%, while total expenses
    increased less than $1 million, or 1%.
  oLoan growth of $329 million, or 5%, between quarter-ends (20% annualized
    rate), excluding loans and other assets covered under FDIC loss share
    agreements ("Covered Assets") and loans acquired in the Florida Gulf
    transaction. On that basis, loans increased $1.1 billion, or 19%, over
    the past year.
  oCore deposit growth (excluding time deposits and deposits assumed in the
    Florida Gulf acquisition) of $273 million, or 4% (15% annualized growth)
    during the quarter, and $980 million, or 15%, over the past year.
  oNoninterest bearing deposits climbed $200 million, or 12%, between June
    30, 2012 and September 30, 2012, and $437 million, or 31%, over the past
    year. Since year-end 2010, noninterest bearing deposits grew $973
    million, or 111%, and increased from 11% of total depositsat December 31,
    2010 to 19% at September 30, 2012.
  oThe loan loss provision in the third quarter of 2012 totaled $4 million
    compared to $9 million in the second quarter of 2012. Net charge-offs
    were approximately $1 million in  the second quarter of 2012 and $2
    million in the third quarter of 2012, equating to 0.07% and 0.10% of
    average loans, respectively.
  oContinued legacy asset quality strength; Nonperforming assets ("NPAs"),
    excluding Covered Assets and impaired loans acquired in acquisitions,
    equated to 0.81% of total assets at September 30, 2012, compared to 0.84%
    at June 30, 2012. On that basis, loans past due 30 days or more remained
    stable at 1.30% of total loans at September 30, 2012. Classified assets
    excluding Covered Assets increased 34 basis points, to 2.28% of total
    assets at September 30, 2012. The increase in classified assets was due
    primarily to loans acquired in the Florida Gulf transaction, which were
    marked to fair value at acquisition.
  oCapital ratios remained strong. At September 30, 2012, the Company's
    tangible common equity ratio was 9.01%, tier 1 common ratio was 12.04%,
    and total risk based capital ratio was 14.54%.

Table A - Summary of Earnings
                                   For Quarter Ended:            %/Basis Point
                                   9/30/2011 6/30/2012 9/30/2012 Change
Net Income ($ in thousands)        $ 16,347  $ 12,560  $ 21,234  69%
Per Share Data:
Fully Diluted Earnings             $ 0.54    $ 0.43    $ 0.73    71%
Operating Earnings (Non-GAAP)      0.70      0.54      0.83      55%
Pre-provision Operating Earnings   0.83      0.73      0.92      26%
(Non-GAAP)
Tangible Book Value                36.41     37.28     37.07     -1%
Key Ratios:
Return on Average Assets           0.56%     0.43%     0.69%     26 bps
Return on Average Common Equity    4.31%     3.36%     5.56%     220 bps
Return on Average Tangible Common  6.22%     4.86%     7.91%     305 bps
Equity (Non-GAAP)
Net Interest Margin (TE)*          3.58%     3.59%     3.58%     (1) bps
Tangible Efficiency Ratio (TE)*    75.0%     78.2%     74.3%     (393) bps
(Non-GAAP)
Tangible Common Equity Ratio       9.64%     9.37%     9.01%     (36) bps
Tier 1 Leverage Ratio              10.42%    10.42%    10.01%    (41) bps
Tier 1 Common Ratio (Non-GAAP)     13.90%    12.97%    12.04%    (93) bps
Total Risk Based Capital Ratio     16.61%    15.54%    14.54%    (100) bps
Net Charge-Offs to Average Loans** 0.12%     0.07%     0.11%     4 bps
Nonperforming Assets to Total      0.89%     0.84%     0.81%     (3) bps
Assets**
* Fully taxable equivalent basis.
** Excluding FDIC Covered Assets and acquired impaired
loans.

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

Operating Results

On a linked quarter basis, the average earning asset yield declined six basis
points, while the cost of interest bearing liabilities decreased seven basis
points. As a result, the tax-equivalent net interest spread remained stable at
3.45% and the net interest margin declined one basis point. On a linked
quarter basis, the relatively stable net interest margin and an increase in
average earning assets of $333 million, or 3%, resulted in an improvement in
tax-equivalent net interest income of  $4 million, or 4%.

Table B - Quarterly Average Yields/Cost (Taxable Equivalent Basis)
                                   For Quarter Ended:            %/Basis Point
                                   9/30/2011 6/30/2012 9/30/2012 Change
Investment Securities              2.72%     2.40%     2.22%     (18)    bps
Covered Loans, net of loss share   4.93%     5.23%     5.42%     19      bps
receivable
Noncovered Loans                   4.99%     4.68%     4.55%     (13)    bps
Loans & Loss Share Receivable      4.97%     4.80%     4.71%     (9)     bps
Mortgage Loans Held For Sale       4.19%     3.64%     3.21%     (43)    bps
Other Earning Assets               0.78%     0.84%     0.85%     1       bps
 Total Earning Assets             4.39%     4.20%     4.14%     (6)     bps
Interest Bearing Deposits          0.90%     0.65%     0.58%     (7)     bps
Short-Term Borrowings              0.28%     0.24%     0.21%     (3)     bps
Long-Term Borrowings               2.63%     3.07%     3.10%     3       bps
 Total Interest Bearing           0.98%     0.76%     0.69%     (7)     bps
Liabilities
Net Interest Spread                3.41%     3.45%     3.45%     0       bps
Net Interest Margin                3.58%     3.59%     3.58%     (1)     bps
* Earning asset yields are shown on a fully taxable equivalent basis.

Movement in the net interest margin was muted during the third quarter as
declines in investment securities and non-covered loan yields were partially
offset by (1) an improvement in the yield on loans covered under FDIC loss
share protection less the FDIC indemnification asset yield, (2) an increase in
average noninterest bearing deposits of $133 million, or 8%, on a linked
quarter basis, and (3) a decline in interest bearing deposit costs of seven
basis points. The increase in the yield on the covered loan portfolio
benefitted the net interest margin for the third quarter by approximately
three basis points. For the fourth quarter of 2012, the Company projects the
prospective yield on the covered loan portfolio net of the FDIC
indemnification asset to approximate the level experienced in the third
quarter of 2012 and projects the average balance of the net covered loan
portfolio to decline approximately $50 million, based on current FDIC loss
share accounting assumptions and estimates.

The Company recorded a $4 million loan loss provision in the third quarter of
2012, down $5 million, or 54%, on a linked quarter basis. The Company reported
net charge-offs of $2 million in the third quarter of 2012, equal to 0.10% of
average loans. Excluding Covered Assets and acquired impaired loans, net
charge-offs were 0.11% of average loans in the third quarter of 2012.

Aggregate noninterest income increased $5 million, or 12%, on a linked quarter
basis. The primary changes in noninterest income on a linked quarter basis
were:

  oIncreased gains on the sale of mortgage loans of $5.0 million, or 28%;
  oIncreased title insurance revenues of $0.3 million, or 5%; and
  oIncreased service charge revenues of $0.3 million, or 5%; partially offset
    by
  oDecreased gains on the sale of investment securities of $0.9 million, or
    95%; and
  oDecreased FDIC reimbursement of $0.4 million.

In the third quarter of 2012, the Company originated $707 million in
residential mortgage loans, up $116 million, or 20%, on a linked quarter
basis. Client loan refinancing opportunities accounted for approximately 45%
of mortgage loan applications in the third quarter of 2012, compared to 34% in
the second quarter of 2012 and approximately 54% between September 30, 2012,
and October 15, 2012. The Company sold $677 million in mortgage loans during
the third quarter of 2012, up $138 million, or 26%, on a linked quarter
basis. Sales margins on the sale of mortgage loans improved slightly on a
linked quarter basis. The mortgage origination pipeline was approximately
$297 million at September 30, 2012, compared to $300 million at June 30, 2012,
and approximately $330 million at October 12, 2012. Mortgage loan repurchases
and make-whole payments were $0.2 million in the third quarter of 2012,
compared to $0.3 million in the second quarter of 2012.

Aggregate revenues in the third quarter of 2012 for the capital markets,
wealth management, brokerage, and trust businesses were stable on a linked
quarter basis. Assets under wealth management were $902 million at September
30, 2012.

Noninterest expense increased $0.8 million, or 1%, on a linked quarter basis.
One-time acquisition and conversion costs associated with Florida Gulf in the
third quarter of 2012 were $3.0 million, or $0.07 per share, up $2.5 million
on a linked quarter basis. The Company also incurred pre-tax costs in
association with multiple internal projects to improve the long-term earnings,
efficiency, risk posture, and growth prospects of the Company totaling $1.6
million, or $0.04 per share, down $3.9 million on a linked quarter basis. The
Company incurred approximately $0.9 million in operating expenses associated
with the acquired Florida Gulf franchise during the final two-months of the
third quarter of 2012. Excluding acquisition and conversion costs and
including operating costs associated with Florida Gulf, the primary changes in
noninterest expense on a linked quarter basis were:

  oIncreased mortgage commissions and incentives of $0.4 million, or 7%;
  oIncreased other salary and benefit expense of $1.6 million, or 3%
    (primarily related to Florida Gulf and revenue producers in Houston); and
  oIncreased occupancy and equipment expense of $0.6 million, or 5%
    (primarily related to the addition of Florida Gulf branches, lease
    termination cost, and Hurricane Isaac expenses); partially offset by
  oDecreased consulting and professional expenses of $1.1 million;
  oDecreased branch closure costs of $2.5 million; and
  oDecreased severance expense of $0.3 million.

One-time acquisition and conversion costs are projected to be approximately $1
million in the fourth quarter of 2012. The Company anticipates incurring an
aggregate $1.3 million in additional pre-tax process improvement costs in the
fourth quarter of 2012, the pre-tax financial benefits of which are projected
to be approximately $5.9 million in the full year of 2013 and each year
thereafter. Excluding acquisition, conversion, and process improvement costs,
the Company's tangible efficiency ratio was 71.2% in the third quarter of
2012, an improvement from 74.4% in the second quarter in 2012.

Loans

In the third quarter of 2012, total loans increased $493 million, or 6%, of
which $216 million in loan growth was due to the Florida Gulf acquisition.
The loan portfolio associated with FDIC-assisted acquisitions decreased $51
million, or 4%, compared to June 30, 2012. Excluding loans associated with
Florida Gulf and FDIC-assisted transactions, total loans increased $329
million, or 5%, over that period (20% annualized rate). Legacy commercial
loans increased $251 million, or 5%, and legacy consumer loans increased $90
million, or 6%, during the quarter. Loan growth during the third quarter of
2012 was strongest in the Houston, New Orleans, Memphis, Baton Rouge, Naples,
and Birmingham markets. Excluding Florida Gulf, loans and commitments
originated during the third quarter of 2012 totaled $1 billion with an average
coupon of 3.80% and an average term of 7.8 years, with 46% fixed rate and 54%
floating rate. At September 30, 2012, approximately 26% of non-covered loans
by volume were floating rate loans tied to LIBOR.

Table C - Period-End Loans ($ in Millions)
           Period-End Balances ($Millions)
                                                                               Mix
                            9/30/2012            % Change (Excluding           Total
                                                 Acquired)
           9/30/11 6/30/12  Excluding FGB Total  Year/Year Qtr/Qtr Annualized  6/30/12 9/30/12
                            Acquired
Commercial $4,276  $4,841   $       $  $    19%       5%      21%         63%     64%
                            5,092     145 5,237
Consumer   1,232   1,470    1,560     28  1,588  27%       6%      24%         19%     19%
Mortgage   284     236      223       43  266    -22%      -6%     -22%        3%      3%
Non-FDIC   $5,792  $6,547   $       $  $    19%       5%      20%         85%     86%
Loans                       6,875     216 7,091
Covered    1,378   1,190    1,139     -   1,139  -17%      -4%     -17%        15%     14%
Assets
Total      $7,170  $7,737   $       $  $    12%       4%      14%         100%    100%
Loans                       8,014     216 8,230

Deposits

Total deposits increased $497 million, or 5%, from June 30, 2012 to September
30, 2012, of which $286 million were deposits acquired from Florida Gulf
during the third quarter of 2012; therefore, legacy deposit growth was $211
million, or 2% (9% annualized growth) over that period. Noninterest bearing
deposits increased $200 million, or 12% (of which $58 million were Florida
Gulf deposits), and equated to 19% of total deposits at September 30, 2012.
Florida Gulf added $47 million in time deposits during the third quarter, and
the legacy franchise reduced time deposits by $61 million, for a net decline
of $15 million. Organic core deposit growth (excluding time deposits and the
impact of the Florida Gulf acquisition) was $273 million, or 4%. Core deposit
growth during the third quarter of 2012 was strongest in the New Orleans,
Houston, Lafayette, Little Rock, and Baton Rouge markets.

Table D - Period-End Deposits ($ in Millions)
             Period-End Balances ($Millions)
                                                                                 Mix
                              9/30/2012            % Change (Excluding           Total
                                                   Acquired)
             9/30/11 6/30/12  Excluding FGB Total  Year/Year Qtr/Qtr Annualized  6/30/12 9/30/12
                              Acquired
                              $       $  $  
Noninterest  $1,415  $1,651   1,794        1,852  27%       9%      35%         18%     19%
                                        58
NOW Accounts 1,688   1,990    1,997     42  2,039  18%       0%      1%          21%     21%
Savings/MMkt 3,360   3,529    3,652     139 3,791  9%        3%      14%         37%     38%
Time         2,727   2,246    2,184     47  2,231  -20%      -3%     -11%        24%     22%
Deposits
Total        $9,190  $9,416   $       $  $    5%        2%      9%          100%    100%
Deposits                      9,627     286 9,913

On an average balance and linked quarter basis, noninterest bearing deposits
increased $133 million, or 8%, and interest-bearing deposits increased $110
million, or 1%. The rate on average interest bearing deposits in the third
quarter of 2012 was 0.58%, a decrease  of seven basis points on a linked
quarter basis. Approximately $1.6 billion in CDs are scheduled to re-price
over the next 12 months at a weighted average cost of 0.78%. An additional
$0.3 billion in time deposits are scheduled to re-price the following 12
months at a weighted average cost of 1.38%. During the third quarter of 2012,
new and re-priced CDs were booked at an average cost of 0.57%.

Other Assets And Funding

The investment portfolio equated to 16% of total assets at September 30, 2012,
down compared to 17% at each of the prior two quarter-ends. The investment
portfolio had a modified duration of 2.7 years at September 30, 2012,
unchanged compared to June 30, 2012. The unrealized gain in the portfolio
increased from $45 million at June 30, 2012, to $51 million at September 30,
2012. The average yield on investment securities declined 18 basis points on
a linked quarter basis, to 2.22% in the third quarter of 2012. The Company
holds in its investment portfolio primarily government agency and municipal
securities. Municipal securities comprised only 11% of total investments at
September 30, 2012. The Company holds no sovereign debt or derivative
exposure to foreign counterparties.

Short-term borrowings decreased $115 million at September 30, 2012 compared to
June 30, 2012. Long-term debt (including trust preferred securities)
increased $11 million, or 4%, between quarter-ends. On a linked quarter
basis, average long-term debt increased $14 million, or 3%, and the cost of
debt increased three basis points to 3.10%. The cost of average interest
bearing liabilities was 0.69% in the third quarter of 2012, a decrease of
seven basis points on a linked quarter basis. For the month of September 2012,
the average cost of interest bearing liabilities was 0.67%.

Asset Quality

Excluding $613 million in NPAs which were Covered Assets or acquired impaired
loans marked to fair value, NPAs at September 30, 2012 were $89 million, up $2
million, or 2%, compared to June 30, 2012. On that basis, NPAs were 0.81% of
total assets at September 30, 2012, compared to 0.84% of assets at June 30,
2012. Similarly, loans past due 30 days or more (including nonaccruing loans)
increased $6 million, or 8%, and represented 1.30% of total loans at September
30, 2012, unchanged compared to June 30, 2012.

Table E - Asset Quality Summary

Excludes the impact of all FDIC-assisted acquisitions and impaired loans
                           For Quarter Ended:                %/Basis Point
                                                             Change
 ($ thousands)         9/30/2011  6/30/2012  9/30/2012   Year/Year Qtr/Qtr
Nonperforming Assets       $  89,791 $  86,501 $  88,601  -1%       2%
Past Due Loans             97,660     84,653     91,164      -7%       8%
Classified Assets          196,537    200,872    247,923     26%       23%
Nonperforming              0.89%      0.84%      0.81%       (8)       (3)
Assets/Assets
NPAs/(Loans + OREO)        1.57%      1.33%      1.26%       (31)      (7)
Classified Assets/Total    2.09%      1.94%      2.28%       19        34
Assets
(Past Dues &               1.70%      1.30%      1.30%       (40)      (0)
Nonaccruals)/Loans
Provision For Loan Losses  $  6,302 $  4,271 $  1,244  -80%      -71%
Net                        1,711      1,102      1,923       12%       74%
Charge-Offs/(Recoveries)
Provision Less Net         $  4,592 $  3,169 $         -115%     -121%
Charge-Offs                                      (679)
Net Charge-Offs/Average    0.12%      0.07%      0.11%       (1)       4
Loans
Reserve For Loan           1.34%      1.19%      1.10%       (24)      (9)
Losses/Loans

Excluding Covered Assets and acquired impaired loans, troubled debt
restructurings at September 30, 2012, totaled $22 million, or 0.31% of total
loans (compared to 0.35% of loans at June 30, 2012). Substantially all of the
troubled debt restructurings were included in NPAs at September 30, 2012.

Capital Position

The Company maintains favorable capital strength. At September 30, 2012, the
Company reported a tangible common equity ratio of 9.01%, down 36 basis points
compared to June 30, 2012. At that date, the Company's preliminary Tier 1
leverage ratio was 10.01%, down 41 basis points compared to June 30, 2012.
The Company's preliminary total risk-based capital ratio at September 30, 2012
was 14.54%, down 100 basis points compared to June 30, 2012. The decline in
these capital ratios was the result of leveraging the balance sheet through
the addition of acquired assets and organic loan growth, and the repurchase of
common stock totaling approximately $38 million during the third quarter of
2012.

On October 26, 2011, the Company announced a share repurchase program totaling
900,000 shares of common stock to be completed over a one-year period. During
the third quarter of 2012, the Company purchased 805,120 shares of IBERIABANK
Corporation common stock at a weighted average cost of $47.35 per share. A
total of 46,692 shares remain under the currently authorized share repurchase
program.

At September 30, 2012, book value per share was $51.44, up $0.76 per share
compared to June 30, 2012. Tangible book value per share was $37.07, down
$0.21 per share compared to June 30, 2012. Based on the closing stock price
of the Company's common stock of $45.16 per share on October 23, 2012, this
price equated to 0.88 times September 30, 2012 book value and 1.22 times
September 30, 2012 tangible book value per share.

On September 18, 2012, the Company declared a quarterly cash dividend of $0.34
per share. This dividend level equated to an annualized dividend rate of $1.36
per share and an indicated dividend yield of 3.01%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 277 combined
offices, including 184 bank branch offices in Louisiana, Arkansas, Tennessee,
Alabama, Texas, and Florida, 22 title insurance offices in Arkansas and
Louisiana, mortgage representatives in 62 locations in 12 states, eight
locations with representatives of IBERIA Wealth Advisors in four states, and
one IBERIA Capital Partners, LLC office in New Orleans. Since June 30, 2012,
the Company opened two bank branch offices in theLittle Rock and Baton Rouge
markets.

The Company's common stock trades on the NASDAQ Global Select Market under the
symbol "IBKC." The Company's market capitalization was approximately $1.3
billion, based on the NASDAQ closing stock price on October 23, 2012.

The following 11 investment firms currently provide equity research coverage
on IBERIABANK Corporation:

  oFIG Partners, LLC
  oJefferies & Co., Inc.
  oKeefe, Bruyette & Woods
  oOppenheimer & Co., Inc.
  oRaymond James & Associates, Inc.
  oRobert W. Baird & Company
  oStephens, Inc.
  oSterne, Agee & Leach
  oStifel Nicolaus & Company
  oSunTrust Robinson-Humphrey
  oWunderlich Securities

Conference Call

In association with this earnings release, the Company will host a live
conference call to discuss the financial results for the quarter just
completed. The telephone conference call will be held on Wednesday, October
24, 2012, beginning at 9:00 a.m. Central Time by dialing 1-800-762-4758. The
confirmation code for the call is 260099. A replay of the call will be
available until midnight Central Time on November 1, 2012 by dialing
1-800-475-6701. The confirmation code for the replay is 260099. The Company
has prepared a PowerPoint presentation that supplements information contained
in this press release. The PowerPoint presentation may be accessed on the
Company's web site, www.iberiabank.com, under "Investor Relations" and then
"Presentations."

Non-GAAP Financial Measures

This press release contains financial information determined by methods other
than in accordance with GAAP. The Company's management uses these non-GAAP
financial measures in their analysis of the Company's performance. These
measures typically adjust GAAP performance measures to exclude the effects of
the amortization of intangibles and include the tax benefit associated with
revenue items that are tax-exempt, as well as adjust income available to
common shareholders for certain significant activities or transactions that
are infrequent in nature. Since the presentation of these GAAP performance
measures and their impact differ between companies, management believes
presentations of these non-GAAP financial measures provide useful supplemental
information that is essential to a proper understanding of the operating
results of the Company's core businesses. These non-GAAP disclosures should
not be viewed as a substitute for operating results determined in accordance
with GAAP, nor are they necessarily comparable to non-GAAP performance
measures that may be presented by other companies. Reconciliations of GAAP to
non-GAAP disclosures are included as tables at the end of this release. Refer
to press release supplemental table for this reconciliation.

Forward Looking Statements

To the extent that statements in this press release and the accompanying
PowerPoint presentation relate to future plans, objectives, financial results
or performance of IBERIABANK Corporation, these statements are deemed to be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such statements, which are based on
management's current information, estimates and assumptions and the current
economic environment, are generally identified by the use of the words "plan",
"believe", "expect", "intend", "anticipate", "estimate", "project" or similar
expressions. IBERIABANK Corporation's actual strategies and results in future
periods may differ materially from those currently expected due to various
risks and uncertainties.

Actual results could differ materially because of factors such as the current
level of market volatility and our ability to execute our growth strategy,
including the availability of future FDIC-assisted failed bank opportunities,
unanticipated losses related to the integration of, and refinements to
purchase accounting adjustments for, acquired businesses and assets and
assumed liabilities in these transactions, adjustments of fair values of
acquired assets and assumed liabilities and of deferred taxes in acquisitions,
credit risk of our customers, effects of the on-going correction in
residential real estate prices and reduced levels of home sales, sufficiency
of our allowance for loan losses, changes in interest rates, access to funding
sources, reliance on the services of executive management, competition for
loans, deposits and investment dollars, reputational risk and social factors,
changes in government regulations and legislation, increases in FDIC insurance
assessments, geographic concentration of our markets and economic conditions
in these markets, rapid changes in the financial services industry, dependence
on our operational, technological, and organizational systems or
infrastructure, hurricanes and other adverse weather events, the volatility
and low trading volume of our common stock, and valuation of intangible
assets. These and other factors that may cause actual results to differ
materially from these forward-looking statements are discussed in the
Company's Annual Report on Form 10-K and other filings with the Securities and
Exchange Commission (the "SEC"), available at the SEC's website,
http://www.sec.gov, and the Company's website, http://www.iberiabank.com,
under the heading "Investor Information." All information in this release and
the accompanying PowerPoint presentation is as of the date of this release.
The Company undertakes no duty to update any forward-looking statement to
conform the statement to actual results or changes in the Company's
expectations. Certain tabular presentations may not reconcile because of
rounding.





 Table 1 - IBERIABANK CORPORATION
 FINANCIAL HIGHLIGHTS
                  For The Quarter Ended               For The Quarter
                                                        Ended
                  September 30,                       June 30,
                  2012         2011         % Change    2012        % Change
Income Data (in
thousands):
 Net Interest     $       $                   $    
 Income                               6%                  4%
                  96,726       90,971                   93,172
 Net Interest
 Income (TE)^  99,143       93,314       6%          95,593      4%
 (1)
 Net Income      21,234       16,347       30%         12,560      69%
 Earnings
 Available to
 Common           21,234       16,347       30%         12,560      69%
 Shareholders-
 Basic
 Earnings
 Available to
 Common           20,828       16,057       30%         12,320      69%
 Shareholders-
 Diluted
Per Share Data:
 Earnings
 Available to     $       $                   $    
 Common                           34%                71%
 Shareholders -   0.73        0.55                     0.43
 Basic
 Earnings
 Available to
 Common           0.73         0.54         34%         0.43        71%
 Shareholders -
 Diluted
 Operating
 Earnings         0.83         0.70         19%         0.54        55%
 (Non-GAAP)
 Book Value      51.44        50.16        3%          50.68       1%
 Tangible Book    37.07        36.41        2%          37.28       (1%)
 Value ^(2)
 Cash Dividends   0.34         0.34         -           0.34        -
 Closing Stock    45.80        47.06        (3%)        50.45       (9%)
 Price
Key Ratios: ^(3)
 Operating
 Ratios:
 Return on        0.69%        0.56%                    0.43%
 Average Assets
 Return on
 Average Common   5.56%        4.31%                    3.36%
 Equity
 Return on
 Average          7.91%        6.22%                    4.86%
 Tangible Common
 Equity ^(2)
 Net Interest
 Margin (TE)     3.58%        3.58%                    3.59%
 ^(1)
 Efficiency       76.7%        77.7%                    80.8%
 Ratio
 Tangible
 Efficiency       74.3%        75.0%                    78.2%
 Ratio (TE)
 ^(1) (2)
 Full-time
 Equivalent       2,684        2,541                    2,574
 Employees
 Capital Ratios:
 Tangible Common  9.01%        9.64%                    9.37%
 Equity Ratio
 Tangible Common
 Equity to        12.35%       14.21%                   13.24%
 Risk-Weighted
 Assets
 Tier 1 Leverage  10.01%       10.42%                   10.42%
 Ratio
 Tier 1 Capital   13.27%       15.35%                   14.27%
 Ratio
 Total Risk
 Based Capital    14.54%       16.61%                   15.54%
 Ratio
 Common Stock
 Dividend Payout  47.2%        61.0%                    79.9%
 Ratio
 Asset Quality Ratios:
 Excluding FDIC
 Covered Assets
 and acquired
 impaired loans
 Nonperforming
 Assets to Total  0.81%        0.89%                    0.84%
 Assets ^(4)
 Allowance for
 Loan Losses to   1.10%        1.34%                    1.19%
 Loans
 Net Charge-offs
 to Average       0.11%        0.12%                    0.07%
 Loans
 Nonperforming
 Assets to Total  1.26%        1.57%                    1.33%
 Loans and OREO
 ^(4)
                  For The Quarter Ended   For The Quarter Ended
                  September 30,           June 30,  March      December
                                                        31,        31,
                  2012         2012         2012        2012        2011
Balance Sheet     End of
Summary (in       Period       Average      Average     Average     Average
thousands):
 Excess           $       $       $       $       $    
 Liquidity ^(5)     416,693    238,203                      
                                            294,171     326,810     328,869
 Total
 Investment       1,946,933    2,005,975    2,048,001   2,047,168   2,051,564
 Securities
 Loans, Net of    8,229,946    8,016,829    7,592,677   7,381,188   7,224,613
 Unearned Income
 Loans, Net of
 Unearned Income,
 Excluding        7,021,411    6,810,490    6,400,351   6,053,548   5,850,558
 Covered Loans
 and SOP 03-3
 Total Assets     12,534,119   12,182,554   11,817,101  11,688,081  11,585,185
 Total Deposits   9,913,111    9,705,957    9,463,392   9,380,956   9,252,647
 Total
 Shareholders'    1,515,154    1,519,338    1,504,102   1,496,782   1,480,538
 Equity

     Fully taxable equivalent (TE) calculations include the tax benefit
^(1) associated with related income sources that are tax-exempt using a
     marginal tax rate of 35%.
     Tangible calculations eliminate the effect of goodwill and acquisition
^(2) related intangible assets and the corresponding amortization expense on a
     tax-effected basis where applicable.
^(3) All ratios are calculated on an annualized basis for the period
     indicated.
     Nonperforming assets consist of nonaccruing loans, accruing loans 90 days
^(4) or more past due and other real estate owned, including repossessed
     assets.
^(5) Excess Liquidity includes interest-bearing deposits in banks and fed
     funds sold.





Table 2 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
BALANCE SHEET (End  September 30,                          June 30,
of Period)
                    2012         2011         % Change     2012         % Change
ASSETS
Cash and Due From   $       $       (0.0%)       $       5.4%
Banks               206,373     206,464                  195,719
Interest-bearing    416,693      263,924      57.9%        404,327      3.1%
Deposits in Banks
 Total Cash and   623,066      470,388      32.5%        600,046      3.8%
Equivalents
Investment
Securities          1,757,934    1,776,827    (1.1%)       1,812,746    (3.0%)
Available for Sale
Investment
Securities Held to  188,999      280,533      (32.6%)      188,399      0.3%
Maturity
 Total Investment 1,946,933    2,057,360    (5.4%)       2,001,145    (2.7%)
Securities
Mortgage Loans Held 211,132      131,726      60.3%        180,569      16.9%
for Sale
Loans, Net of       8,229,946    7,169,642    14.8%        7,736,512    6.4%
Unearned Income
Allowance for Loan  (201,387)    (175,320)    14.9%        (187,285)    7.5%
Losses
 Loans, Net       8,028,559    6,994,322    14.8%        7,549,227    6.3%
Loss Share          431,167      601,862      (28.4%)      469,923      (8.2%)
Receivable
Premises and        304,699      280,709      8.5%         291,718      4.4%
Equipment
Goodwill and Other  424,154      403,275      5.2%         395,919      7.1%
Intangibles
Other Assets        564,409      547,052      3.2%         632,571      (10.8%)
 Total Assets     $          $          9.1%         $          3.4%
                    12,534,119  11,486,694               12,121,118
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        30.9%        $        12.1%
Deposits            1,851,569    1,414,520                 1,651,154
NOW Accounts        2,038,783    1,688,310    20.8%        1,989,876    2.5%
Savings and Money   3,791,616    3,359,711    12.9%        3,529,060    7.4%
Market Accounts
Certificates of     2,231,143    2,727,488    (18.2%)      2,245,830    (0.7%)
Deposit
 Total Deposits   9,913,111    9,190,029    7.9%         9,415,920    5.3%
Short-term          290,000      -            100.0%       405,000      (28.4%)
Borrowings
Securities Sold
Under Agreements to 241,501      214,824      12.4%        235,768      2.4%
Repurchase
Trust Preferred     111,862      111,862      0.0%         111,862      0.0%
Securities
Other Long-term     317,442      350,120      (9.3%)       306,036      3.7%
Debt
Other Liabilities   145,049      148,569      (2.4%)       151,492      (4.3%)
 Total            11,018,965   10,015,404   10.0%        10,626,078   3.7%
Liabilities
Total Shareholders' 1,515,154    1,471,290    3.0%         1,495,040    1.3%
Equity
 Total
Liabilities and     $          $          9.1%         $          3.4%
Shareholders'       12,534,119  11,486,694               12,121,118
Equity
BALANCE SHEET       September    June 30,     March 31,    December     September
(Average)           30,                                    31,          30,
                    2012         2012         2012         2011         2011
ASSETS
Cash and Due From   $       $       $       $       $     
Banks               192,891     188,260     189,182     188,517     199,610
Interest-bearing    236,653      294,171      326,810      328,869      217,423
Deposits in Banks
Investment          2,005,975    2,048,001    2,047,168    2,051,564    2,152,993
Securities
Mortgage Loans Held 182,543      135,273      117,186      131,787      87,769
for Sale
Loans, Net of       8,016,829    7,592,677    7,381,188    7,224,613    7,164,164
Unearned Income
Allowance for Loan  (180,798)    (173,023)    (185,952)    (167,433)    (172,030)
Losses
Loss Share          448,746      508,443      573,776      592,985      626,551
Receivable
Other Assets        1,279,715    1,223,299    1,238,723    1,234,283    1,230,415
 Total Assets     $          $          $          $          $  
                    12,182,554  11,817,101  11,688,081  11,585,185  11,506,895
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        $        $        $    
Deposits            1,773,302    1,640,327    1,530,504    1,455,097    1,368,014
NOW Accounts        2,023,769    1,985,248    1,924,371    1,718,337    1,682,568
Savings and Money   3,701,947    3,524,641    3,481,073    3,413,278    3,350,035
Market Accounts
Certificates of     2,206,939    2,313,176    2,445,008    2,665,935    2,769,153
Deposit
 Total Deposits   9,705,957    9,463,392    9,380,956    9,252,647    9,169,770
Short-term          121,957      27,857       4,220        4,337        -
Borrowings
Securities Sold
Under Agreements to 245,486      245,401      219,846      218,926      218,290
Repurchase
Trust Preferred     113,905      111,862      111,862      111,862      111,862
Securities
Long-term Debt      324,923      313,451      324,468      343,687      352,610
Other Liabilities   150,988      151,036      149,947      173,188      149,008
 Total            10,663,216   10,312,999   10,191,299   10,104,647   10,001,540
Liabilities
Total Shareholders' 1,519,338    1,504,102    1,496,782    1,480,538    1,505,355
Equity
 Total
Liabilities and     $          $          $          $          $  
Shareholders'       12,182,554  11,817,101  11,688,081  11,585,185  11,506,895
Equity







Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                   For The Three Months Ended
INCOME STATEMENT   September 30,                        June 30,
                   2012         2011         % Change   2012         % Change
Interest Income    $          $          (0.0%)     $          2.4%
                   111,951      111,966                 109,283
Interest Expense   15,225       20,995       (27.5%)    16,111       (5.5%)
 Net Interest    96,726       90,971       6.3%       93,172       3.8%
Income
Provision for Loan 4,053        6,127        (33.9%)    8,895        (54.4%)
Losses
 Net Interest
Income After       92,673       84,844       9.2%       84,277       10.0%
Provision for Loan
Losses
Service Charges    6,952        7,448        (6.7%)     6,625        4.9%
ATM / Debit Card   2,377        3,132        (24.1%)    2,166        9.7%
Fee Income
BOLI Proceeds and
Cash Surrender     916          924          (0.9%)     905          1.2%
Value Income
Gain on Sale of    23,085       13,438       71.8%      18,078       27.7%
Loans, Net
Gain on Sale of    41           1,206        (96.6%)    901          (95.4%)
Investments, Net
Title Revenue      5,623        4,900        14.8%      5,339        5.3%
Broker Commissions 3,092        2,501        23.6%      3,102        (0.3%)
Other Noninterest  4,467        3,571        25.1%      4,578        (2.4%)
Income
 Total           46,553       37,120       25.4%      41,694       11.7%
Noninterest Income
Salaries and       59,938       52,679       13.8%      58,121       3.1%
Employee Benefits
Occupancy and      13,869       14,017       (1.1%)     12,908       7.5%
Equipment
Amortization of
Acquisition        1,287        1,385        (7.1%)     1,289        (0.1%)
Intangibles
Other Noninterest  34,754       31,485       10.4%      36,704       (5.3%)
Expense
 Total
Noninterest        109,848      99,566       10.3%      109,022      0.8%
Expense
 Income Before   29,378       22,398       31.2%      16,949       73.3%
Income Taxes
Income Taxes       8,144        6,051        34.6%      4,389        85.5%
 Net Income      $         $         29.9%      $        69.1%
                   21,234      16,347                  12,560
 Preferred Stock -            -            -          -            -
Dividends
 Earnings
Available to
Common             21,234       16,347       29.9%      12,560       69.1%
Shareholders -
Basic
 Earnings
Allocated to       (406)        (290)        39.9%      (240)        69.5%
Unvested
Restricted Stock
 Earnings
Available to
Common             20,828       16,057       29.7%      12,320       69.1%
Shareholders -
Diluted
Earnings Per       $       $       33.9%      $       71.4%
Share, Diluted     0.73        0.54                    0.43
Impact of          $       $                  $     
Non-Operating      0.10        0.16        (35.0%)     0.11       (8.4%)
Expenses
Earnings Per
Share, Diluted,    $       $                  $     
Excluding          0.83        0.70        18.9%       0.54       55.0%
Non-operating
Expenses
NUMBER OF SHARES
OUTSTANDING
Basic Shares      29,066,000   29,908,906   (2.8%)     29,463,811   (1.4%)
(Average)
Diluted Shares    28,548,432   29,472,519   (3.1%)     28,950,806   (1.4%)
(Average)
Book Value Shares 29,456,748   29,332,856   0.4%       29,497,008   (0.1%)
(Period End) ^(1)
                   2012                                 2011
INCOME STATEMENT   Third        Second       First      Fourth       Third
                   Quarter      Quarter     Quarter    Quarter      Quarter
Interest Income    $          $          $        $          $  
                   111,951      109,283      109,187   111,799     111,966
Interest Expense   15,225       16,111       17,326     19,226       20,995
 Net Interest    96,726       93,172       91,861     92,573       90,971
Income
Provision for Loan 4,053        8,895        2,857      4,278        6,127
Losses
 Net Interest
Income After       92,673       84,277       89,004     88,295       84,844
Provision for Loan
Losses
Total Noninterest  46,553       41,694       37,396     35,455       37,120
Income
Total Noninterest  109,848      109,022      99,873     99,726       99,566
Expense
 Income Before   29,378       16,949       26,527     24,024       22,398
Income Taxes
Income Taxes       8,144        4,389        7,134      6,667        6,051
 Net Income      $         $         $       $        $    
                   21,234      12,560       19,393    17,357       16,347
 Preferred Stock -            -            -          -            -
Dividends
 Earnings
Available to
Common             21,234       12,560       19,393     17,357       16,347
Shareholders -
Basic
 Earnings
Allocated to       (406)        (240)        (364)      (307)        (290)
Unvested
Restricted Stock
 Earnings
Available to       $         $         $       $        $    
Common             20,828      12,320       19,029    17,050       16,057
Shareholders -
Diluted
Earnings Per       $       $       $      $       $    
Share, Basic       0.73        0.43         0.66     0.59         0.55
Earnings Per       $       $       $      $       $    
Share, Diluted     0.73        0.43         0.66     0.59         0.54
Book Value Per     $        $        $      $       $    
Common Share       51.44       50.68        50.67     50.48         50.16
Tangible Book      $        $        $      $       $    
Value Per Common   37.07       37.28        37.23     36.80         36.41
Share
Return on Average  0.69%        0.43%        0.67%      0.59%        0.56%
Assets
Return on Average  5.56%        3.36%        5.21%      4.65%        4.31%
Common Equity
Return on Average
Tangible Common    7.91%        4.86%        7.43%      6.72%        6.22%
Equity
(1) Shares used for book value purposes exclude shares held in treasury at the
end of the period.







Table 4 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                                   For The Nine Months Ended
INCOME STATEMENT                   September 30,
                                   2012               2011            % Change
Interest Income                    $   330,422      $   308,527   7.1%
Interest Expense                   48,662             62,842          (22.6%)
 Net Interest Income             281,760            245,685         14.7%
Provision for Loan Losses          15,805             21,589          (26.8%)
 Net Interest Income After       265,955            224,096         18.7%
Provision for Loan Losses
Service Charges                    19,557             19,303          1.3%
ATM / Debit Card Fee Income        6,566              9,011           (27.1%)
BOLI Proceeds and Cash Surrender   2,771              2,397           15.6%
Value Income
Gain on Sale of Loans, net         54,782             31,719          72.7%
Gain on Sale of Investments, net   3,779              2,682           40.9%
Title Revenue                      15,495             13,202          17.4%
Broker Commissions                 9,254              7,767           19.2%
Other Noninterest Income           13,439             10,322          30.2%
 Total Noninterest Income        125,643            96,403          30.3%
Salaries and Employee Benefits     172,878            142,356         21.4%
Occupancy and Equipment            39,496             35,196          12.2%
Amortization of Acquisition        3,865              3,737           3.4%
Intangibles
Other Noninterest Expense          102,505            92,715          10.6%
 Total Noninterest Expense       318,744            274,004         16.3%
 Income Before Income Taxes      72,854             46,495          56.7%
Income Taxes                       19,667             10,314          90.7%
 Net Income                      $    53,187    $    36,181  47.0%
 Preferred Stock Dividends       -                  -               -
 Earnings Available to Common    53,187             36,181          47.0%
Shareholders - Basic
 Earnings Allocated to Unvested  (1,007)            (667)           50.9%
Restricted Stock
 Earnings Available to Common    52,180             35,514          46.9%
Shareholders - Diluted
Earnings Per Share, diluted        $      1.81  $          42.3%
                                                      1.27







Table 5 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS RECEIVABLE     September 30,                       June 30,
                     2012         2011         % Change  2012         % Change
Residential
Mortgage Loans:
 Residential 1-4   $         $         (14.7%)   $         2.1%
Family               454,146     532,109               444,785
 Construction/     9,256        17,256       (46.4%)   9,482        (2.4%)
Owner Occupied
 Total
Residential          463,402      549,365      (15.6%)   454,267      2.0%
Mortgage Loans
Commercial Loans:
 Real Estate       3,549,837    3,345,319    6.1%      3,344,209    6.1%
 Business          2,449,125    1,846,440    32.6%     2,281,922    7.3%
 Total          5,998,962    5,191,759    15.5%     5,626,131    6.6%
Commercial Loans
Consumer Loans:
 Indirect          319,389      260,002      22.8%     309,855      3.1%
Automobile
 Home Equity       1,200,886    973,769      23.3%     1,125,313    6.7%
 Automobile        55,244       36,753       50.3%     49,411       11.8%
 Credit Card       49,330       45,700       7.9%      46,519       6.0%
Loans
 Other            142,734      112,055      27.4%     125,016      14.2%
 Total          1,767,582    1,428,518    23.7%     1,656,114    6.7%
Consumer Loans
 Total Loans    8,229,946    7,169,642    14.8%     7,736,512    6.4%
Receivable
Allowance for Loan   (201,387)    (175,320)              (187,285)
Losses
 Loans             $          $                    $  
Receivable, Net      8,028,559    6,994,322              7,549,227
ASSET QUALITY DATA   September 30,                       June 30,
^(1)
                     2012         2011         % Change  2012         % Change
Nonaccrual Loans     $         $         (29.6%)   $         (9.4%)
                     567,153     805,247               625,938
Foreclosed Assets    1,648        32           5058.8%   455          262.4%
Other Real Estate    127,525      117,611      8.4%      129,463      (1.5%)
Owned
Accruing Loans More
Than 90 Days Past    5,539        24,741       (77.6%)   8,270        (33.0%)
Due
Total Nonperforming  $         $         (25.9%)   $         (8.1%)
Assets               701,865     947,631               764,126
Loans 30-89 Days     59,063       74,604       (20.8%)   46,391       27.3%
Past Due
Nonperforming
Assets to Total      5.60%        8.25%        (32.1%)   6.30%        (11.2%)
Assets
Nonperforming
Assets to Total      8.40%        13.00%       (35.4%)   9.71%        (13.6%)
Loans and OREO^
Allowance for Loan
Losses to            35.2%        21.1%        66.5%     29.5%        19.1%
Nonperforming Loans
^(2)
Allowance for Loan
Losses to            28.7%        18.5%        55.1%     24.5%        17.1%
Nonperforming
Assets
Allowance for Loan
Losses to Total      2.45%        2.45%        0.1%      2.42%        1.1%
Loans
Year to Date         $       $       (29.0%)   $       N/M
Charge-offs          7,230      10,186                  4,627
Year to Date         (2,495)      (7,352)      (66.1%)   (1,815)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           4,735       2,834      67.1%      2,812      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs           1,923       1,880      2.3%       1,118      72.0%
(Recoveries)

     For purposes of this table, nonperforming assets include all loans
^(1) meeting nonperforming asset criteria, including assets acquired in
     FDIC-assisted transactions.
^(2) Nonperforming loans consist of nonaccruing loans and accruing loans 90
     days or more past due. 
N/M - Comparison of the information presented is not meaningful given the
periods presented.





Table 6 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS RECEIVABLE
(Ex-Covered Assets
and                  September 30,                       June 30,
Acquired Impaired
Loans)^(1)
                     2012         2011         % Change  2012         % Change
Residential
Mortgage Loans:
 Residential 1-4   $         $         (4.1%)    $         13.2%
Family               256,383     267,222               226,447
 Construction/     9,256        17,256       (46.4%)   9,482        (2.4%)
Owner Occupied
 Total
Residential          265,639      284,478      (6.6%)    235,929      12.6%
Mortgage Loans
Commercial Loans:
 Real Estate       2,819,990    2,499,687    12.8%     2,625,700    7.4%
 Business          2,353,628    1,723,390    36.6%     2,179,919    8.0%
 Total          5,173,618    4,223,077    22.5%     4,805,619    7.7%
Commercial Loans
Consumer Loans:
 Indirect          319,309      259,789      22.9%     309,740      3.1%
Automobile
 Home Equity       1,018,983    773,475      31.7%     937,299      8.7%
 Automobile        55,234       36,716       50.4%     49,402       11.8%
 Credit Card       48,454       44,710       8.4%      45,693       6.0%
Loans
 Other            140,174      110,254      27.1%     123,032      13.9%
 Total          1,582,154    1,224,944    29.2%     1,465,166    8.0%
Consumer Loans
 Total Loans    7,021,411    5,732,499    22.5%     6,506,714    7.9%
Receivable
Allowance for Loan   (77,016)     (76,864)               (77,695)
Losses
 Loans             $          $                    $  
Receivable, Net      6,944,395    5,655,635              6,429,019
ASSET QUALITY DATA
(Ex-Covered Assets
and                  September 30,                       June 30,
Acquired Impaired
Loans) ^(1)
                     2012         2011         % Change  2012         % Change
Nonaccrual Loans     $        $       (6.3%)    $        (0.3%)
                     66,348      70,833                 66,545
Foreclosed Assets    19           32           (39.7%)   -            100.0%
Other Real Estate    18,448       17,777       3.8%      18,681       (1.2%)
Owned
Accruing Loans More
Than 90 Days Past    3,786        1,149        229.4%    1,275        197.0%
Due
Total Nonperforming  $        $       (1.3%)    $        2.4%
Assets               88,601      89,791                 86,501
Loans 30-89 Days     21,029       25,677       (18.1%)   16,833       24.9%
Past Due
Troubled Debt        21,840       29,105       (25.0%)   22,630       (3.5%)
Restructurings ^(2)
Current Troubled
Debt Restructurings  483          1,415        (65.8%)   669          (27.7%)
^(3)
Nonperforming
Assets to Total      0.81%        0.89%        (8.6%)    0.84%        (2.8%)
Assets
Nonperforming
Assets to Total      1.26%        1.57%        (19.6%)   1.33%        (5.1%)
Loans and OREO^
Allowance for Loan
Losses to            109.8%       106.8%       2.8%      114.6%       (4.1%)
Nonperforming Loans
^(4)
Allowance for Loan
Losses to            86.9%        85.6%        1.5%      89.8%        (3.2%)
Nonperforming
Assets
Allowance for Loan
Losses to Total      1.10%        1.34%        (18.2%)   1.19%        (8.1%)
Loans
Year to Date         $       $       (30.1%)   $       N/M
Charge-offs          6,839       9,789                 4,237
Year to Date         (2,475)      (6,835)      (63.8%)   (1,796)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           4,364       2,954      47.7%      2,441      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs           1,923       1,711      12.4%      1,102      74.5%
(Recoveries)

     For purposes of this table, nonperforming assets include all loans
^(1) meeting nonperforming asset criteria, excluding assets acquired in
     FDIC-assisted transactions and acquired impaired loans.
^(2) Troubled debt restructurings meeting past due and nonaccruing criteria
     are included in loans past due and nonaccrual loans above.
     Current troubled debt restructurings are defined as troubled debt
^(3) restructurings not past due or on nonaccrual status for the respective
     periods.
^(4) Nonperforming loans consist of nonaccruing loans and accruing loans 90
     days or more past due.
N/M - Comparison of the information presented is not meaningful given the
periods presented.





Table 7 - Non-Covered and Net Covered Loan Portfolio Volumes And Yields ($ in Millions)
                3Q 2011        4Q 2011         1Q 2012         2Q 2012         3Q 2012
                Average Yield  Average Yield   Average Yield   Average Yield   Average Yield
                Balance        Balance         Balance         Balance         Balance
Non Covered     $           $            $            $            $   
Loans                 4.99%        4.91%         4.78%         4.68%         4.55%
                5,743         5,874          6,088          6,374          6,863
FDIC Covered    $           $            $            $            $   
Loans                 7.82%        16.14%        15.97%        16.66%        18.88%
                1,422         1,351          1,293          1,219          1,154
FDIC
Indemnification 627     -1.63% 593     -19.31% 574     -19.26% 508     -22.16% 449     -29.20%
Asset
Net Covered     $           $            $            $            $   
Loans                 4.93%        5.33%         5.14%         5.23%         5.42%
                2,048         1,944          1,867          1,727          1,603







Table 8 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                    For The Quarter Ended
                    September 30, 2012      June 30, 2012           September 30, 2011
                    Average    Average    Average    Average    Average    Average
                    Balance     Yield/Rate  Balance    Yield/Rate  Balance     Yield/Rate
                                (%)                     (%)                     (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans      $       7.80%       $       7.42%       $       7.14%
                    418,925                446,189                526,668
Commercial Loans    5,832,375   6.61%       5,510,619   6.65%       5,168,460   5.14%
(TE) ^(1)
Consumer and Other  1,765,529   6.35%       1,635,869   6.25%       1,469,036   6.43%
Loans
Total Loans       8,016,829   6.61%       7,592,677   6.61%       7,164,164   5.55%
Loss Share          448,746     -29.20%     508,443     -22.16%     626,551     -1.63%
Receivable
 Total Loans
and Loss Share      8,465,575   4.71%       8,101,120   4.80%       7,790,715   4.97%
Receivable
Mortgage Loans Held 182,543     3.21%       135,273     3.64%       87,769      4.19%
for Sale
Investment
Securities (TE)     1,963,451   2.22%       1,992,933   2.40%       2,110,070   2.72%
^(1)(2)
Other Earning      298,681     0.85%       348,267     0.84%       278,771     0.78%
Assets
Total Earning      10,910,250  4.14%       10,577,593  4.20%       10,267,325  4.39%
Assets
Allowance for Loan (180,798)               (173,023)               (172,030)
Losses
Nonearning Assets   1,453,102               1,412,531               1,411,600
Total Assets        $                     $                     $  
                    12,182,554              11,817,101              11,506,895
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
 NOW Accounts  $        0.35%       $        0.38%       $        0.45%
                    2,023,769               1,985,248               1,682,568
 Savings and
Money Market        3,701,947   0.46%       3,524,641   0.48%       3,350,035   0.69%
Accounts
 Certificates  2,206,939   1.00%       2,313,176   1.14%       2,769,153   1.43%
of Deposit
 Total
Interest-bearing    7,932,655   0.58%       7,823,065   0.65%       7,801,756   0.90%
Deposits
 Short-term       367,443     0.21%       273,258     0.24%       218,290     0.28%
Borrowings
 Long-term Debt   438,828     3.10%       425,313     3.07%       464,472     2.63%
 Total
Interest-bearing    8,738,926   0.69%       8,521,636   0.76%       8,484,518   0.98%
Liabilities
Noninterest-bearing 1,773,302               1,640,327               1,368,014
Demand Deposits
Noninterest-bearing 150,988                 151,036                 149,008
Liabilities
 Total      10,663,216              10,312,999              10,001,540
Liabilities
Shareholders'       1,519,338               1,504,102               1,505,355
Equity
 Total
Liabilities and     $                     $                     $  
Shareholders'       12,182,554              11,817,101              11,506,895
Equity
Net Interest Spread $       3.45%       $       3.45%       $       3.41%
                     96,726                93,172                90,971
Tax-equivalent      2,417       0.09%       2,421       0.09%       2,343       0.09%
Benefit
Net Interest Income $                   $                   $    
(TE) / Net Interest  99,143   3.58%        95,593   3.59%        93,314   3.58%
Margin (TE) ^(1)

     Fully taxable equivalent (TE) calculations include the tax benefit
^(1) associated with related income sources that are tax-exempt using a
     marginal tax rate of 35%.
^(2) Balances exclude unrealized gain or loss on securities available for sale
     and impact of trade date accounting.





Table 9 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                              For The Nine Months Ended
                              September 30, 2012       September 30, 2011
                              Average     Average    Average     Average
                              Balance      Yield/Rate  Balance      Yield/Rate
                                           (%)                      (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans                $       7.46%       $       6.96%
                              445,085                 569,941
Commercial Loans (TE) ^(1)    5,569,467    6.69%       4,636,894    6.11%
Consumer and Other Loans      1,650,302    6.31%       1,367,172    6.65%
Total Loans                 7,664,854    6.65%       6,574,007    6.29%
Loss Share Receivable         510,097      -23.16%     666,872      -8.47%
 Total Loans and Loss   8,174,951    4.79%       7,240,879    4.93%
Share Receivable
Mortgage Loans Held for Sale  145,138      3.44%       64,291       5.02%
Investment Securities (TE)   1,981,130    2.38%       2,053,003    2.67%
^(1)(2)
Other Earning Assets         343,771      0.79%       240,755      0.77%
Total Earning Assets         10,644,990   4.20%       9,598,928    4.35%
Allowance for Loan Losses   (179,927)                (151,948)
Nonearning Assets             1,431,895                1,209,000
Total Assets                  $                     $   
                              11,896,958               10,655,980
LIABILITIES AND SHAREHOLDERS'
EQUITY
Interest-bearing liabilities
 Deposits:
 NOW Accounts            $        0.38%       $        0.52%
                              1,977,963                1,499,111
 Savings and Money       3,569,705    0.48%       3,110,088    0.74%
Market Accounts
 Certificates of Deposit 2,321,289    1.14%       2,710,515    1.57%
 Total                7,868,957    0.65%       7,319,714    1.00%
Interest-bearing Deposits
 Short-term Borrowings      288,545      0.23%       219,096      0.25%
 Long-term Debt             433,510      3.03%       434,863      2.32%
 Total                8,591,012    0.75%       7,973,673    1.05%
Interest-bearing Liabilities
Noninterest-bearing Demand    1,648,502                1,121,650
Deposits
Noninterest-bearing           150,658                  158,041
Liabilities
 Total Liabilities    10,390,172               9,253,364
Shareholders' Equity          1,506,786                1,402,616
 Total Liabilities    $                     $   
and Shareholders' Equity      11,896,958               10,655,980
Net Interest Spread           $       3.44%       $       3.29%
                              281,760                 245,685
Tax-equivalent Benefit        7,210        0.09%       5,832        0.08%
Net Interest Income (TE) /    $       3.59%       $       3.47%
Net Interest Margin (TE) ^(1) 288,970                 251,517

     Fully taxable equivalent (TE) calculations include the tax benefit
^(1) associated with related income sources that are tax-exempt using a
     marginal tax rate of 35%.
^(2) Balances exclude unrealized gain or loss on securities available for sale
     and impact of trade date accounting.





                Table 10 - IBERIABANK CORPORATION
                RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
                (dollars in thousands, except per share data)
                 For The Quarter Ended
                 September   June 30,   September
                 30, 2012    2012       30, 2011
                 $       $      $    
Net Interest                      
Income (GAAP)                       
                 96,726     93,172    90,971
Effect of Tax
Benefit on       2,417       2,421      2,343
Interest Income
Net Interest
Income (TE)      99,143      95,593     93,314
(Non-GAAP) ^(1)
Noninterest      46,553      41,694     37,120
Income (GAAP)
Effect of Tax
Benefit on       493         487        498
Noninterest
Income
Noninterest
Income (TE)      47,046      42,181     37,618
(Non-GAAP) ^(1)
Taxable
Equivalent       146,189     137,774    130,932
Revenues
(Non-GAAP) ^(1)
 Securities     (41)        (901)      (1,206)
Gains
Taxable                      $      $    
Equivalent       $                 
Operating                        
Revenues          146,148  136,873   129,726
(Non-GAAP) (1)
Total            $       $      $    
Noninterest                       
Expense (GAAP)    109,848            
                             109,022   99,566
Less Intangible
Amortization     (1,287)     (1,289)    (1,385)
Expense
Tangible
Noninterest      108,561     107,733    98,181
Expense
(Non-GAAP) ^(2)
Merger-related   2,985       456        4,259
expenses
Severance        712         1,053      1,601
expenses
Branch closure   284         2,743      -
expenses
Professional     574         1,661      291
expenses
Litigation       -           -          (250)
settlement
Tangible                     $      $    
Operating        $                 
Noninterest                       
Expense           104,006  101,820   92,279
(Non-GAAP) (2)
Return on
Average Common   5.56%       3.36%      4.31%
Equity (GAAP)
Effect of
Intangibles      2.35%       1.50%      1.91%
^(2)
Effect of Non
Operating        1.05%       1.19%      1.13%
Revenues and
Expenses
Operating
Return on
Average          8.96%       6.05%      7.35%
Tangible Common
Equity
(Non-GAAP) ^(2)
Efficiency       76.7%       80.8%      77.7%
Ratio (GAAP)
 Effect of
Tax Benefit      (1.6%)      (1.7%)     (1.7%)
Related to Tax
Exempt Income
Operating
Efficiency
Ratio (TE)       75.1%       79.1%      76.0%
(Non-GAAP)
^(1) 
 Effect of
Amortization of  (0.8%)      (0.9%)     (1.0%)
Intangibles
 Effect of
Non Operating    (3.1%)      (3.8%)     (3.9%)
Revenues and
Expenses
Tangible
Operating
Efficiency       71.2%       74.4%      71.1%
Ratio
(TE)(Non-GAAP)
^(1) (2)
                 For the Quarter Ended
                 September 30, 2012     June 30, 2012        September 30,
                                                             2011
                             Aftertax   Pretax     Aftertax  Pretax   Aftertax
                 Pretax ($)  (per       ($)        (per      ($)      (per
                             share)                share)             share)
Reported
Diluted          29,378      0.73       16,949     0.43      22,398   0.54
Earnings per
Share
Merger-related   2,985       0.07       456        0.01      4,259    0.09
expenses
Severance        712         0.02       1,053      0.02      1,601    0.03
expenses
Branch closure   284         0.01       2,743      0.06      -        -
expenses
Professsional    574         0.01       1,661      0.04      291      0.01
expenses
Litigation       -           -          -          -         (250)    (0.00)
settlement
 Securities     (41)        (0.00)     (901)      (0.02)    (1,206)  0.03
Gains
Operating        33,892      0.83       21,961     0.54      27,094   0.70
Income

     Fully taxable equivalent (TE) calculations include the tax benefit
^(1) associated with related income sources that are tax-exempt using a
     marginal tax rate of 35%.
     Tangible calculations eliminate the effect of goodwill and acquisition
^(2) related intangible assets and the corresponding amortization expense on a
     tax-effected basis where applicable.





Table 11 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(dollars in thousands)
                For The Quarter Ended
                September 30, 2012         June 30, 2012              September 30, 2011
                Dollar Amount              Dollar Amount              Dollar Amount
                Pre-tax After-tax Per    Pre-tax After-tax Per    Pre-tax After-tax Per
                                   share                     share                     share
Net Income      $     $      $     $     $      $     $     $      $  
(GAAP)          29,378   21,234         16,949   12,560         22,398   16,347      
                                   0.73                      0.43                      0.54
Merger-related  2,985    1,940     0.07    456      296       0.01    4,259    2,769     0.09
expenses
Severance       712      463       0.02    1,053    685       0.02    1,601    1,041     0.03
expenses
Branch closure  284      185       0.01    2,743    1,783     0.06    -        -         -
expenses
Professsional   574      373       0.01    1,661    1,080     0.04    291      189       0.01
expenses
Litigation      -        -         -       -        -         -       (250)    (163)     (0.00)
settlement
Gain on sale    (41)     (27)      (0.00)  (901)    (586)     (0.02)  (1,206)  (784)     0.03
of investments
Operating
earnings        33,892   24,168    0.83    21,961   15,818    0.54    27,094   19,399    0.70
(Non-GAAP)
Covered loan
provision for   1,300    845       0.03    1,435    933       0.03    (175)    (114)     (0.00)
loan losses
Acquired loan
provision for   1,509    981       0.03    3,189    2,073     0.07    -        -         -
loan losses
Other
provision for   1,244    809       0.03    4,271    2,776     0.09    6,302    4,096     0.13
loan losses
Pre-provision                      $                        $                        $  
operating       $     $           $     $           $     $        
earnings        37,945   26,803    0.92   30,856   21,600    0.73   33,221   23,381    0.83
(Non-GAAP)







SOURCE IBERIABANK Corporation

Website: http://www.iberiabank.com
Contact: Daryl G. Byrd, President and CEO, +1-337-521-4003 or John R. Davis,
Senior Executive Vice President, +1-337-521-4005
 
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