IBERIABANK Corporation Reports Earnings per Share Increase of 8%

       IBERIABANK Corporation Reports Earnings per Share Increase of 8%

PR Newswire

LAFAYETTE, La., Jan. 24, 2013

LAFAYETTE, La., Jan. 24, 2013 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ:
IBKC), holding company of the 125-year-old IBERIABANK (www.iberiabank.com),
reported operating results for the fourth quarter ended December 31, 2012.
For the quarter, the Company reported income available to common shareholders
of $23 million and fully diluted earnings per share ("EPS") of $0.79, up 8%
compared to the third quarter of 2012. During the fourth quarter of 2012, the
Company incurred total non-operating costs of $3 million on a pre-tax basis,
or $0.06 per share on an after-tax basis, and non-operating income of $2
million on a pre-tax basis, or $0.05 per share on an after-tax basis. On an
operating basis, EPS in the fourth quarter of 2012 was $0.80 per share
(non-GAAP; refer to press release supplemental table), down $0.03 per share,
or 4%, compared to the third quarter of 2012.

Daryl G. Byrd, President and Chief Executive Officer, commented, "We finished
2012 with extraordinary client growth, a fairly stable margin, and favorable
operating results in our new businesses and expanded operations. During 2012,
our loan growth excluding FDIC-assisted loans was $1.4 billion, or 22%, and
our total deposit growth was $1.5 billion, or 16%. Importantly, the mix of
deposits improved considerably, and our asset quality, capital, and liquidity
positions remain stout. We are extremely pleased with the client development
opportunities throughout our footprint and future growth prospects."

Highlights for the Fourth Quarter of 2012 and December 31, 2012:

  oIncreased net interest income and slight decline in net interest margin
    during the quarter. Tax equivalent net interest income improved $3
    million, and the net interest margin declined three basis points on a
    linked quarter basis to 3.55%. Total tax-equivalent revenues increased
    approximately $7 million, or 5%, while total noninterest expenses
    increased $4 million, or 3%, on a linked quarter basis.
  oLoan growth of $315 million, or 4%, between quarter-ends (18% annualized
    rate), excluding loans and other assets covered under FDIC loss share
    agreements ("Covered Assets"). On that basis and excluding loans that
    were acquired from Florida Gulf Bancorp, Inc. ("Florida Gulf") on July 31,
    2012, loans increased $1.1 billion, or 19%, over the past year.
  oTotal deposit growth of $835 million, or 8% (34% annualized growth),
    during the quarter, and $1.2 billion, or 13%, over the past year (each
    excluding the Florida Gulf acquisition).
  oNoninterest bearing deposits climbed $116 million, or 6%, between
    September 30, 2012 and December 31, 2012, and $425 million, or 29%, over
    the past year (excluding the Florida Gulf acquisition). Since year-end
    2010, noninterest bearing deposits grew $1.1 billion, or 124%, and
    increased from 11% of total deposits at December 31, 2010, to 18% at
    December 31, 2012.
  oThe loan loss provision in the fourth quarter of 2012 totaled $5 million,
    compared to $4 million in the third quarter of 2012. Net charge-offs
    declined to $89,000 in the fourth quarter of 2012, or an annualized 0.00%
    of average loans, compared to $2 million inthe third quarter of 2012, or
    an annualized 0.10% of average loans.
  oContinued legacy asset quality strength: Nonperforming assets ("NPAs"),
    excluding Covered Assets and impaired loans acquired in acquisitions,
    equated to 0.85% of total assets at December 31, 2012, compared to 0.81%
    at September 30, 2012. On that basis, loans past due 30 days or more
    declined three basis points to 1.27% of total loans at December 31, 2012.
    Classified assets excluding Covered Assets decreased $16 million, or 7%,
    during the fourth quarter, and decreased from 2.28% of total assets at
    September 30, 2012, to 1.99% at December 31, 2012.
  oCapital ratios remained strong. At December 31, 2012, the Company's
    tangible common equity ratio was 8.66%, tier 1 common ratio was 11.74%,
    and total risk based capital ratio was 14.19%.

Table A - Summary Financial Results

                         For Quarter Ended:                      %/Basis Point
                         12/31/2011    9/30/2012   12/31/2012    Change
Net Income ($ in         $   17,357 $        $   23,208 9%
thousands)                             21,234
Per Share Data:
Fully Diluted Earnings  $         $      $         8%
                         0.59         0.73       0.79
Operating Earnings       0.67          0.83        0.80          -4%
(Non-GAAP)
Pre-provision Operating  0.77          0.92        0.91          -2%
Earnings (Non-GAAP)
Tangible Book Value     36.80         37.07       37.34         1%
Key Ratios:
Return on Average Assets 0.59%         0.69%       0.73%         4       bps
Return on Average Common 4.65%         5.56%       6.02%         46      bps
Equity
Return on Average
Tangible Common Equity   6.72%         7.91%       8.62%         71      bps
(Non-GAAP)
Net Interest Margin      3.62%         3.58%       3.55%         (3)     bps
(TE)*
Tangible Efficiency      75.2%         74.3%       73.2%         (110)   bps
Ratio (TE)* (Non-GAAP)
Tangible Common Equity   9.52%         9.01%       8.66%         (35)    bps
Ratio (Non-GAAP)
Tier 1 Leverage Ratio    10.45%        10.01%      9.70%         (31)    bps
Tier 1 Common Ratio      13.55%        12.04%      11.74%        (30)    bps
(Non-GAAP)
Total Risk Based Capital 16.21%        14.54%      14.19%        (35)    bps
Ratio
Net Charge-Offs to       0.31%         0.11%       0.01%         (10)    bps
Average Loans**
Nonperforming Assets to  0.86%         0.81%       0.85%         4       bps
Total 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, average earning assets increased $480 million, or
4%. The average earning asset yield declined eight basis points, while the
cost of interest bearing liabilities decreased four basis points. As a result,
the tax-equivalent net interest spread and the net interest margin declined
four and three basis points, respectively. Tax-equivalent net interest income
increased $3 million, or 3%, as the benefit of strong growth in average
earning assets more than offset the slightly lower net interest spread in the
fourth quarter of 2012.

Table B - Quarterly Average Yields/Cost (Taxable Equivalent Basis)

                                 For Quarter Ended:              %/Basis Point
                                 12/31/2011 9/30/2012 12/31/2012 Change
Investment Securities            2.57%      2.22%     2.09%      (13)    bps
Covered Loans, net of loss share 5.33%      5.42%     5.55%      13      bps
receivable
Noncovered Loans                 4.91%      4.55%     4.52%      (3)     bps
Loans & Loss Share Receivable    5.02%      4.71%     4.70%      (1)     bps
Mortgage Loans Held For Sale     3.21%      3.21%     2.96%      (25)    bps
Other Earning Assets             0.68%      0.85%     0.61%      (24)    bps
 Total Earning Assets           4.36%      4.14%     4.06%      (8)     bps
Interest Bearing Deposits        0.80%      0.58%     0.53%      (5)     bps
Short-Term Borrowings            0.27%      0.21%     0.21%      (0)     bps
Long-Term Borrowings             2.84%      3.10%     3.17%      7       bps
 Total Interest Bearing         0.90%      0.69%     0.65%      (4)     bps
Liabilities
Net Interest Spread              3.46%      3.45%     3.41%      (4)     bps
Net Interest Margin              3.62%      3.58%     3.55%      (3)     bps
* Earning asset yields are shown on a fully taxable equivalent
basis.

Movement in the net interest margin was tempered during the fourth quarter as
the covered loan yield (net of loss share receivable) improved 13 basis
points, offsetting the three basis point decline in the yield on non-covered
loans. In addition, the 13 basis point decline in average investment yield
was partially offset by a five basis point decline in the cost of interest
bearing deposits, and an increase in average noninterest bearing deposits of
$155 million, or 9%, on a linked quarter basis. For the first quarter of
2013, the Company projects the prospective yield on the covered loan portfolio
net of the FDIC indemnification asset to approximate the level experienced in
the fourth 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 $5 million loan loss provision in the fourth quarter of
2012, up less than $1 million, or 20%, on a linked quarter basis. The increase
in provision was primarily attributable to loans covered under FDIC loss share
agreements and acquired impaired loans, partially offset by lower required
reserves on the legacy loan portfolio and acquired performing portfolio due to
improved asset quality. The Company reported net charge-offs of $89,000 in
the fourth quarter of 2012, or 0.00% of average loans on an annualized basis.
Excluding Covered Assets and acquired impaired loans, net charge-offs were
0.01% of average loans in the fourth quarter of 2012.

Aggregate noninterest income increased $4 million, or 8%, on a linked quarter
basis. The primary changes in noninterest income on a linked quarter basis
were increased IBERIA Capital Partners revenues of $1.2 million, higher
service charge revenues of $0.3 million, or 5%, and a $2.2 million gain
associated with the redemption of a business investment acquired in the
acquisition of OMNI Bancshares, Inc. Assets under management at IBERIA Wealth
Advisors were $955 million at December 31, 2012. Mortgage and title insurance
income were relatively stable on a linked quarter basis.

In the fourth quarter of 2012, the Company originated $677 million in
residential mortgage loans, down $30 million, or 4%, on a linked quarter
basis. Client loan refinancing opportunities accounted for approximately 47%
of mortgage loan applications in the fourth quarter of 2012, compared to 45%
in the third quarter of 2012 and approximately 40% between December 31, 2012,
and January 11, 2013. The Company sold $627 million in mortgage loans during
the fourth quarter of 2012, down $50 million, or 7%, on a linked quarter
basis. Margins on the sale of mortgage loans edged slightly lower on a linked
quarter basis. The mortgage origination pipeline was approximately $241
million at December 31, 2012, compared to $297 million at September 30, 2012,
and approximately $256 million at January 11, 2013. Mortgage loan repurchases
and make-whole payments were approximately $0.2 million in the fourth quarter
of 2012, unchanged from the third quarter of 2012.

Noninterest expense increased $3.6 million, or 3%, on a linked quarter basis.
One-time acquisition and conversion costs associated with the Florida Gulf
transaction in the fourth quarter of 2012 were $1.2 million, or $0.03 per
share, down $1.8 million on a linked quarter basis. One-time acquisition and
conversion costs are projected to be immaterial in the first quarter of 2013.
The Company also incurred pre-tax costs associated with multiple internal
projects to improve long-term earnings, efficiency, risk posture, and growth
prospects totaling $1.4 million, or $0.03 per share, in line with
expectations. Excluding acquisition and non-operating expenses, other changes
in noninterest expense on a linked quarter basis were:

  oIncreased salaries and benefits costs of $1.4 million, or 2% (due
    primarily to a $0.3 million increase in health care costs, $0.4 million
    associated with recently added revenue producers in Houston, and $0.2
    million for the additional month impact of Florida Gulf personnel);
  oIncreased occupancy and equipment expense of $0.9 million, or 7% (due
    primarily to $0.4 million in seasonal property tax payments and$0.2
    million for the additional month impact of Florida Gulf branches);
  oIncreased donations, marketing, and business development expense of $2.3
    million, or 111% ($1.2 million in costs associated with multiple loan and
    deposit campaigns and $0.7 million in business development contributions);
    and
  oIncreased FDIC insurance premium of $0.4 million, or 17% (resulting from
    the Florida Gulf acquisition and organic balance sheet growth); partially
    offset by
  oDecreased mortgage commissions of $0.3 million, or 4%; and
  oDecreased credit and loan-related expense of $0.5 million, or 9%.

Loans

In the fourth quarter of 2012, total loans increased $269 million, or 3%. The
loan portfolio associated with FDIC-assisted acquisitions decreased $46
million, or 4%, compared to September 30, 2012. Excluding loans associated
with FDIC-assisted transactions, total loans increased $315 million, or 4%,
over that period (18% annualized rate). Legacy commercial loans increased
$205 million, or 4%, legacy consumer loans increased $86 million, or 5%, and
legacy mortgage loans increased $24 million, or 9%, during the quarter. Loan
growth during the fourth quarter of 2012 was strongest in the Houston,
Memphis, Birmingham, and Naples markets. Loans and commitments originated
during the fourth quarter of 2012 totaled $1.2 billion, with 53% fixed rate
and 47% floating rate. Energy-related loans outstanding totaled $576 million
at December 31, 2012, equal to approximately 7% of total loans.

Table C - Period-End Loans ($ in Millions)

           Period-End Balances ($ Millions)
                    9/30/2012                     % Change                     Mix
           12/31/11 Excluding FGB Total 12/31/12  Year/Year Qtr/Qtr Annualized  9/30/12 12/31/12
                    Acquired
Commercial $      $       $  $   $       21%       4%      16%         64%     64%
           4,504    5,093     145 5,237 5,442
Consumer   1,288    1,560     28  1,588 1,674     30%       5%      22%         19%     20%
Mortgage   262      222       43  266   290       10%       9%      36%         3%      3%
Non-FDIC   $      $       $  $   $       22%       4%      18%         86%     87%
Loans      6,054    6,875     216 7,091 7,406
Covered    1,334    1,139     -   1,139 1,093     -18%      -4%     -16%        14%     13%
Assets
Total      $      $       $  $   $       15%       3%      13%         100%    100%
Loans      7,388    8,014     216 8,230 8,499

Deposits

Total deposits increased $835 million, or 8%, from September 30, 2012 to
December 31, 2012 (34% annualized growth). Noninterest bearing deposits
increased $116 million, or 6%, and equated to 18% of total deposits at
December 31, 2012. NOW accounts increased $484 million, or 24%, and money
market and savings account volume increased $312 million, or 8% at December
31, 2012. Deposit growth in the fourth quarter was driven by commercial and
retail client growth, seasonal deposits, and low-cost wholesale deposits. By
year-end 2012, the Company received an influx of approximately $140 million in
seasonal client deposits (primarily NOW accounts), the duration of which is
expected to be less than 90 days. The Company assumed $170 million in
short-term wholesale deposits at December 31, 2012 ($73 million on average
during the fourth quarter of 2012 at a cost of 0.23%). Deposit growth
excluding the estimated seasonal and wholesale deposits was $525 million, or
5% (21% annualized rate). Deposit growth during the fourth quarter of 2012 was
strongest in the New Orleans, Houston, Birmingham, Lafayette, and Little Rock
markets.

Table D - Period-End Deposits ($ in Millions)

             Period-End Balances ($ Millions)
                      9/30/2012                     % Change                     Mix
             12/31/11 Excluding FGB Total 12/31/12  Year/Year Qtr/Qtr Annualized  9/30/12 12/31/12
                      Acquired
             $      $       $  $   $  
Noninterest  1,485    1,794        1,852 1,968     32%       6%      25%         19%     18%
                                58
NOW Accounts 1,877    1,997     42  2,039 2,523     34%       24%     95%         21%     24%
Savings/MMkt 3,381    3,652     139 3,791 4,103     21%       8%      33%         38%     38%
Time         2,546    2,184     47  2,231 2,154     -15%      -3%     -14%        22%     20%
Deposits
Total        $      $       $  $   $        16%       8%      34%         100%    100%
Deposits     9,289    9,627     286 9,913 10,748

On an average balance and linked quarter basis, noninterest bearing deposits
increased $155 million, or 9%, and interest-bearing deposits increased $455
million, or 6%. The rate on average interest bearing deposits in the fourth
quarter of 2012 was 0.53%, a decrease of five basis points on a linked quarter
basis. Approximately $1.5 billion in time deposits are scheduled to re-price
over the next 12 months at a weighted average cost of 0.74%. An additional
$0.3 billion in time deposits are scheduled to re-price the following 12
months at a weighted average cost of 1.27%. During the fourth quarter of
2012, new and re-priced time deposits were booked at an average cost of 0.54%.
The Company experienced a time deposit retention rate of 90% in 2012 with an
average 46 basis point reduction in rate.

Other Assets And Funding

The Company significantly improved its liquidity position in the fourth
quarter of 2012. Total cash and equivalents increased $348 million, or 56%,
to $1.0 billion. The investment portfolio equated to $1.9 billion, or 15% of
total assets at December 31, 2012, down slightly compared to 16% at September
30, 2012. The investment portfolio had a modified duration of 2.8 years at
December 31, 2012, up slightly compared to 2.7 years at September 30, 2012.
The unrealized gain in the portfolio decreased from $51 million at September
30, 2012, to $44 million at December 31, 2012. The average yield on
investment securities declined 13 basis points on a linked quarter basis to
2.09% in the fourth 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 December 31, 2012. The
Company holds no sovereign debt or derivative exposure to foreign
counterparties.

As a result of strong deposit growth, the Company paid off all overnight
borrowings during the fourth quarter. Long-term debt (including trust
preferred securities) decreased $6 million, or 1%, between quarter-ends. On a
linked quarter basis, average long-term debt decreased $15 million, or 3%, and
the cost of debt increased seven basis points to 3.17%. The cost of average
interest bearing liabilities was 0.65% in the fourth quarter of 2012, a
decrease of four basis points on a linked quarter basis. For the month of
December 2012, the average cost of interest bearing liabilities was 0.63%.

Asset Quality

Excluding $568 million in NPAs which were Covered Assets or acquired impaired
loans marked to fair value, NPAs at December 31, 2012 were $99 million, up $10
million, or 11%, compared to September 30, 2012. The increase in NPAs was
primarily attributable to three loan relationships, of which the Company
anticipates no material loss associated with the ultimate resolution of those
loans. NPAs equated to 0.85% of total assets at December 31, 2012, compared
to 0.81% of assets at September 30, 2012. Loans past due 30 days or more
(including nonaccruing loans) increased $2 million, or 3%, and represented
1.27% of total loans at December 31, 2012, down compared to 1.30% at September
30, 2012. Classified assets declined $16 million, or 7% during the fourth
quarter of 2012.

Table E - Asset Quality Summary
Excludes the impact of all FDIC-assisted acquisitions and impaired loans

                           For Quarter Ended:                % or Basis Point
                                                             Change
 ($ thousands)         12/31/2011  9/30/2012 12/31/2012  Year/Year Qtr/Qtr
Nonperforming Assets       $  83,884  $        $  98,510  17%       11%
                                       88,454
Past Due Loans             83,338      91,016    93,358      12%       3%
Classified Assets          205,920     247,923   231,586     12%       -7%
Nonperforming              0.86%       0.81%     0.85%       (1) bps   4 bps
Assets/Assets
NPAs/(Loans + OREO)        1.39%       1.26%     1.34%       (5) bps   8 bps
Classified Assets/Total    2.10%       2.28%     1.99%       (11) bps  (29)
Assets                                                                 bps
(Past Dues &               1.38%       1.30%     1.27%       (11) bps  (3) bps
Nonaccruals)/Loans
Provision For Credit       $  2,620  $        $        -86%      -79%
Losses                                 1,735    362
Net                        4,622       1,923     91          -98%      -95%
Charge-Offs/(Recoveries)
Provision Less Net         $  (2,002) $       $        -114%     -244%
Charge-Offs                            (188)    271
Net Charge-Offs/Average    0.31%       0.11%     0.01%       (30)      (10)
Loans
Reserve For Credit         1.24%       1.13%     1.08%       (16)      (5)
Losses/Loans

Excluding Covered Assets and acquired impaired loans, troubled debt
restructurings at December 31, 2012, totaled $18 million, or 0.24% of total
loans (compared to 0.31% of loans at September 30, 2012). All but $2 million
of the troubled debt restructurings were included in NPAs at December 31,
2012.

Capital Position

The Company maintains favorable capital strength. At December 31, 2012, the
Company reported a tangible common equity ratio of 8.66%, down 35 basis points
compared to September 30, 2012. At that date, the Company's preliminary Tier
1 leverage ratio was 9.70%, down 31 basis points compared to September 30,
2012. The Company's preliminary total risk-based capital ratio at December
31, 2012 was 14.19%, down 35 basis points compared to September 30, 2012. The
declines in these capital ratios were the result of strong organic balance
sheet growth.

On October 26, 2011, the Company announced a share repurchase program totaling
900,000 shares of common stock. No shares were repurchased under this program
during the fourth quarter of 2012. A total of 46,692 shares remain under the
currently authorized share repurchase program.

At December 31, 2012, book value per share was $51.88, up $0.44 per share
compared to September 30, 2012. Tangible book value per share was $37.34, up
$0.27 per share compared to September 30, 2012. Based on the closing stock
price of the Company's common stock of $51.75 per share on January 24, 2013,
this price equated to1.00 times December 31, 2012 book value and 1.39 times
December 31, 2012 tangible book value per share.

On December 10, 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 2.63%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 278 combined
offices, including 184 bank branch offices and one LPO in Louisiana, Arkansas,
Tennessee, Alabama, Texas, and Florida, 21 title insurance offices in Arkansas
and Louisiana, mortgage representatives in 62 locations in 12 states, nine
locations with representatives of IBERIA Wealth Advisors in four states, and
one IBERIA Capital Partners, LLC office in New Orleans. Since September 30,
2012, the Company opened seven bank branch offices in the New Orleans,
Birmingham, Houston, Baton Rouge, and Naples markets.

The Company's common stock trades on the NASDAQ Global Select Market under the
symbol "IBKC." The Company's market capitalization was approximately $1.5
billion, based on the NASDAQ closing stock price on January 24, 2013.

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 Friday, January 25,
2013, beginning at 9:00 a.m. Central Time by dialing 1-800-230-1059. The
confirmation code for the call is 276812. A replay of the call will be
available until midnight Central Time on February 1, 2013 by dialing
1-800-475-6701. The confirmation code for the replay is 276812. 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 level of
market volatility, 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 and those of third-party providers of those services,
hurricanes and other adverse weather events, the modest 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
                    December 31,                      September 30,
                    2012        2011        % Change    2012        % Change
Income Data (in
thousands):
     Net Interest   $  99,990  $  92,573  8%          $  96,726  3%
     Income
     Net Interest
     Income        102,439     94,918      8%          99,143      3%
     (TE)^ (1)
     Net Income    23,208      17,357      34%         21,234      9%
     Earnings
     Available to
     Common         23,208      17,357      34%         21,234      9%
     Shareholders-
     Basic
     Earnings
     Available to
     Common         22,780      17,050      34%         20,828      9%
     Shareholders-
     Diluted
Per Share Data:
     Earnings
     Available to   $  
     Common         0.79       $   0.59  33%         $   0.73  8%
     Shareholders
     - Basic
     Earnings
     Available to
     Common         0.79        0.59        33%         0.73        8%
     Shareholders
     - Diluted
     Operating
     Earnings       0.80        0.67        19%         0.83        (4%)
     (Non-GAAP)
     Book Value    51.88       50.48       3%          51.44       1%
     Tangible Book  37.34       36.80       1%          37.07       1%
     Value ^(2)
     Cash           0.34        0.34        -           0.34        -
     Dividends
     Closing Stock  49.12       49.30       (0%)        45.80       7%
     Price
Key Ratios: ^(3)
     Operating
     Ratios:
     Return on
     Average        0.73%       0.59%                   0.69%
     Assets
     Return on
     Average        6.02%       4.65%                   5.56%
     Common Equity
     Return on
     Average
     Tangible       8.62%       6.72%                   7.91%
     Common Equity
     ^(2)
     Net Interest
     Margin (TE)   3.55%       3.62%                   3.58%
     ^(1)
     Efficiency     75.5%       77.9%                   76.7%
     Ratio
     Tangible
     Efficiency     73.2%       75.2%                   74.3%
     Ratio (TE)
     ^(1) (2)
     Full-time
     Equivalent     2,697       2,582                   2,684
     Employees
     Capital
     Ratios:
     Tangible
     Common Equity  8.66%       9.52%                   9.01%
     Ratio
     (Non-GAAP)
     Tangible
     Common Equity
     to             12.01%      13.86%                  12.35%
     Risk-Weighted
     Assets
     Tier 1
     Leverage       9.70%       10.45%                  10.01%
     Ratio
     Tier 1         12.92%      14.94%                  13.27%
     Capital Ratio
     Total Risk
     Based Capital  14.19%      16.21%                  14.54%
     Ratio
     Common Stock
     Dividend       43.2%       57.5%                   47.2%
     Payout Ratio
     Asset Quality
     Ratios:
     Excluding FDIC
     Covered Assets
     and acquired
     impaired loans
     Nonperforming
     Assets to      0.85%       0.86%                   0.81%
     Total Assets
     ^(4)
     Allowance for
     Credit Losses  1.08%       1.24%                   1.13%
     to Loans
     Net
     Charge-offs    0.01%       0.31%                   0.11%
     to Average
     Loans
     Nonperforming
     Assets to      1.34%       1.39%                   1.26%
     Total Loans
     and OREO ^(4)
                    For The Quarter        For The Quarter Ended
                    Ended
                    December 31,          September  June 30,  March
                                            30,                    31,
                    2012        2012        2012        2012        2012
Balance Sheet       End of
Summary (in         Period      Average     Average     Average     Average
thousands):
     Excess
     Liquidity      $ 722,763  $ 432,752  $ 238,203  $ 294,171  $ 326,810
     ^(5)
     Total
     Investment     1,950,066   1,957,542   2,005,975   2,048,001   2,047,168
     Securities
     Loans, Net of
     Unearned       8,498,580   8,384,218   8,016,829   7,592,677   7,381,188
     Income
     Loans, Net of
     Unearned
     Income,        7,341,626   7,212,648   6,810,490   6,400,351   6,053,548
     Excluding
     Covered Loans
     and SOP 03-3
     Total Assets   13,129,678  12,692,665  12,182,554  11,817,101  11,688,081
     Total          10,748,277  10,315,944  9,705,957   9,463,392   9,380,956
     Deposits
     Total
     Shareholders'  1,529,868   1,533,561   1,519,338   1,504,102   1,496,782
     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.
     Excess Liquidity includes interest-bearing deposits in banks and fed
^(5) funds sold, but excludes liquidity sources and uses from off-balance
     sheet arrangements.

Table 2 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
BALANCE SHEET (End  December 31,                           September 30,
of Period)
                    2012         2011         % Change     2012         % Change
ASSETS
Cash and Due From   $       $       27.8%        $       20.3%
Banks               248,214     194,171                  206,373
Interest-bearing    722,763      379,125      90.6%        416,693      73.5%
Deposits in Banks
 Total Cash and   970,977      573,296      69.4%        623,066      55.8%
Equivalents
Investment
Securities          1,745,004    1,805,205    (3.3%)       1,757,934    (0.7%)
Available for Sale
Investment
Securities Held to  205,062      192,764      6.4%         188,999      8.5%
Maturity
 Total Investment 1,950,066    1,997,969    (2.4%)       1,946,933    0.2%
Securities
Mortgage Loans Held 267,475      153,013      74.8%        211,132      26.7%
for Sale
Loans, Net of       8,498,580    7,388,037    15.0%        8,229,946    3.3%
Unearned Income
Allowance for       (251,603)    (193,761)    29.9%        (201,387)    24.9%
Credit Losses
 Loans, Net       8,246,977    7,194,276    14.6%        8,028,559    2.7%
Loss Share          423,069      591,844      (28.5%)      431,167      (1.9%)
Receivable
Premises and        303,523      285,607      6.3%         304,699      (0.4%)
Equipment
Goodwill and Other  429,584      401,888      6.9%         424,154      1.3%
Intangibles
Other Assets        538,007      560,035      (3.9%)       564,409      (4.7%)
 Total Assets     $          $          11.7%        $          4.8%
                    13,129,678  11,757,928               12,534,119
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        32.5%        $        6.3%
Deposits            1,967,662    1,485,058                 1,851,569
NOW Accounts        2,523,252    1,876,797    34.4%        2,038,783    23.8%
Savings and Money   4,103,183    3,381,502    21.3%        3,791,616    8.2%
Market Accounts
Certificates of     2,154,180    2,545,656    (15.4%)      2,231,143    (3.4%)
Deposit
 Total Deposits   10,748,277   9,289,013    15.7%        9,913,111    8.4%
Short-term          -            192,000      (100.0%)     290,000      (100.0%)
Borrowings
Securities Sold
Under Agreements to 303,045      203,543      48.9%        241,501      25.5%
Repurchase
Trust Preferred     111,862      111,862      0.0%         111,862      0.0%
Securities
Other Long-term     311,515      340,871      (8.6%)       317,442      (1.9%)
Debt
Other Liabilities   125,111      137,978      (9.3%)       145,049      (13.7%)
 Total            11,599,810   10,275,267   12.9%        11,018,965   5.3%
Liabilities
Total Shareholders' 1,529,868    1,482,661    3.2%         1,515,154    1.0%
Equity
 Total
Liabilities and     $          $          11.7%        $          4.8%
Shareholders'       13,129,678  11,757,928               12,534,119
Equity
BALANCE SHEET       December     September    June 30,     March 31,    December
(Average)           31,          30,                                    31,
                    2012         2012         2012         2012         2011
ASSETS
Cash and Due From   $       $       $       $       $     
Banks               212,404     192,891     188,260     189,182     188,517
Interest-bearing    432,752      236,653      294,171      326,810      328,869
Deposits in Banks
Investment          1,957,542    2,005,975    2,048,001    2,047,168    2,051,564
Securities
Mortgage Loans Held 212,432      182,543      135,273      117,186      131,787
for Sale
Loans, Net of       8,384,218    8,016,829    7,592,677    7,381,188    7,224,613
Unearned Income
Allowance for       (196,634)    (180,798)    (173,023)    (185,952)    (167,433)
Credit Losses
Loss Share          411,328      448,746      508,443      573,776      592,985
Receivable
Other Assets        1,278,623    1,279,715    1,223,299    1,238,723    1,234,283
 Total Assets     $          $          $          $          $  
                    12,692,665  12,182,554  11,817,101  11,688,081  11,585,185
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        $        $        $    
Deposits            1,928,361    1,773,302    1,640,327    1,530,504    1,455,097
NOW Accounts        2,207,032    2,023,769    1,985,248    1,924,371    1,718,337
Savings and Money   3,935,675    3,701,947    3,524,641    3,481,073    3,413,278
Market Accounts
Certificates of     2,244,876    2,206,939    2,313,176    2,445,008    2,665,935
Deposit
 Total Deposits   10,315,944   9,705,957    9,463,392    9,380,956    9,252,647
Short-term          9,239        121,957      27,857       4,220        4,337
Borrowings
Securities Sold
Under Agreements to 262,027      245,486      245,401      219,846      218,926
Repurchase
Trust Preferred     111,862      113,905      111,862      111,862      111,862
Securities
Long-term Debt      312,190      324,923      313,451      324,468      343,687
Other Liabilities   147,842      150,988      151,036      149,947      173,188
 Total            11,159,104   10,663,216   10,312,999   10,191,299   10,104,647
Liabilities
Total Shareholders' 1,533,561    1,519,338    1,504,102    1,496,782    1,480,538
Equity
 Total
Liabilities and     $          $          $          $          $  
Shareholders'       12,692,665  12,182,554  11,817,101  11,688,081  11,585,185
Equity

Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                   For The Three Months Ended
INCOME STATEMENT   December 31,                         September 30,
                   2012         2011         % Change   2012         % Change
Interest Income    $          $          2.7%       $          2.5%
                   114,779      111,799                 111,951
Interest Expense   14,789       19,226       (23.1%)    15,225       (2.9%)
 Net Interest    99,990       92,573       8.0%       96,726       3.4%
Income
Provision for      4,866        4,278        13.7%      4,053        20.1%
Credit Losses
 Net Interest
Income After       95,124       88,295       7.7%       92,673       2.6%
Provision for Loan
Losses
Service Charges    7,295        6,613        10.3%      6,952        4.9%
ATM / Debit Card   2,412        1,997        20.8%      2,377        1.5%
Fee Income
BOLI Proceeds and
Cash Surrender     909          899          1.1%       916          (0.8%)
Value Income
Mortgage Income    22,935       13,274       72.8%      23,215       (1.2%)
Gain (Loss) on
Sale of            (4)          793          (100.5%)   41           (109.7%)
Investments, Net
Title Revenue      5,492        4,846        13.3%      5,623        (2.3%)
Broker Commissions 4,192        2,457        70.6%      3,092        35.6%
Other Noninterest  7,123        4,576        55.7%      4,337        64.2%
Income
 Total           50,354       35,455       42.0%      46,553       8.2%
Noninterest Income
Salaries and       60,899       51,416       18.4%      59,938       1.6%
Employee Benefits
Occupancy and      15,176       14,404       5.4%       13,869       9.4%
Equipment
Amortization of
Acquisition        1,285        1,384        (7.1%)     1,287        (0.1%)
Intangibles
Other Noninterest  36,081       32,522       10.9%      34,754       3.8%
Expense
 Total
Noninterest        113,441      99,726       13.8%      109,848      3.3%
Expense
 Income Before   32,037       24,024       33.4%      29,378       9.1%
Income Taxes
Income Taxes       8,829        6,667        32.4%      8,144        8.4%
 Net Income      $         $         33.7%      $        9.3%
                   23,208      17,357                  21,234
 Preferred Stock -            -            -          -            -
Dividends
 Earnings
Available to
Common             23,208       17,357       33.7%      21,234       9.3%
Shareholders -
Basic
 Earnings
Allocated to       (428)        (307)        39.5%      (406)        5.3%
Unvested
Restricted Stock
 Earnings
Available to
Common             22,780       17,050       33.6%      20,828       9.4%
Shareholders -
Diluted
Earnings Per       $       $       33.4%      $       8.0%
Share, Diluted     0.79        0.59                    0.73
Impact of
Non-Operating      $       $       (88.4%)    $       (90.7%)
Expenses           0.01        0.08                    0.10
(Non-GAAP)
Earnings Per
Share, Diluted,
Excluding          $       $       18.7%      $       (4.2%)
Non-operating      0.80        0.67                    0.83
Expenses
(Non-GAAP)
NUMBER OF SHARES
OUTSTANDING
Basic Shares - All 29,401,395   29,307,297   0.3%       29,066,000   1.2%
Classes (Average)
Diluted Shares -
Common             28,904,317   28,857,342   0.2%       28,548,432   1.2%
Shareholders
(Average)
Book Value Shares 29,489,745   29,373,905   0.4%       29,456,748   0.1%
(Period End) ^(1)
                   2012                                              2011
INCOME STATEMENT   Fourth       Third        Second     First        Fourth
                   Quarter      Quarter     Quarter    Quarter      Quarter
Interest Income    $          $          $        $          $  
                   114,779      111,951      109,283   109,187     111,799
Interest Expense   14,789       15,225       16,111     17,326       19,226
 Net Interest    99,990       96,726       93,172     91,861       92,573
Income
Provision for      4,866        4,053        8,895      2,857        4,278
Credit Losses
 Net Interest
Income After       95,124       92,673       84,277     89,004       88,295
Provision for Loan
Losses
Total Noninterest  50,354       46,553       41,694     37,396       35,455
Income
Total Noninterest  113,441      109,848      109,022    99,873       99,726
Expense
 Income Before   32,037       29,378       16,949     26,527       24,024
Income Taxes
Income Taxes       8,829        8,144        4,389      7,134        6,667
 Net Income      $         $         $       $        $    
                   23,208      21,234       12,560    19,393       17,357
 Preferred Stock -            -            -          -            -
Dividends
 Earnings
Available to
Common             23,208       21,234       12,560     19,393       17,357
Shareholders -
Basic
 Earnings
Allocated to       (428)        (406)        (240)      (364)        (307)
Unvested
Restricted Stock
 Earnings
Available to       $         $         $       $        $    
Common             22,780      20,828       12,320    19,029       17,051
Shareholders -
Diluted
Earnings Per       $       $       $      $       $    
Share, Basic       0.79        0.73         0.43     0.66         0.59
Earnings Per       $       $       $      $       $    
Share, Diluted     0.79        0.73         0.43     0.66         0.59
Book Value Per     $        $        $      $       $    
Common Share       51.88       51.44        50.68     50.67         50.48
Tangible Book      $        $        $      $       $    
Value Per Common   37.34       37.07        37.28     37.23         36.80
Share
Return on Average  0.73%        0.69%        0.43%      0.67%        0.59%
Assets
Return on Average  6.02%        5.56%        3.36%      5.21%        4.65%
Common Equity
Return on Average
Tangible Common    8.62%        7.91%        4.86%      7.43%        6.72%
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 Year Ended
INCOME STATEMENT                   December 31,
                                   2012               2011            % Change
Interest Income                    $   445,200      $   420,327   5.9%
Interest Expense                   63,450             82,069          (22.7%)
 Net Interest Income             381,750            338,258         12.9%
Provision for Credit Losses        20,671             25,867          (20.1%)
 Net Interest Income After       361,079            312,391         15.6%
Provision for Loan Losses
Service Charges                    26,852             25,915          3.6%
ATM / Debit Card Fee Income        8,978              11,008          (18.4%)
BOLI Proceeds and Cash Surrender   3,680              3,296           11.6%
Value Income
Mortgage Income                    78,053             45,177          72.8%
Gain on Sale of Investments, net   3,775              3,475           8.6%
Title Revenue                      20,987             18,048          16.3%
Broker Commissions                 13,446             10,224          31.5%
Other Noninterest Income           20,226             14,716          37.4%
 Total Noninterest Income        175,997            131,859         33.5%
Salaries and Employee Benefits     233,777            193,773         20.6%
Occupancy and Equipment            54,672             49,600          10.2%
Amortization of Acquisition        5,150              5,121           0.6%
Intangibles
Other Noninterest Expense          138,586            125,237         10.7%
 Total Noninterest Expense       432,185            373,731         15.6%
 Income Before Income Taxes      104,891            70,519          48.7%
Income Taxes                       28,496             16,981          67.8%
 Net Income                      $    76,395    $    53,538  42.7%
 Preferred Stock Dividends       -                  -               -
 Earnings Available to Common    76,395             53,538          42.7%
Shareholders - Basic
 Earnings Allocated to Unvested  (1,433)            (967)           48.2%
Restricted Stock
 Earnings Available to Common    74,962             52,571          42.6%
Shareholders - Diluted
Earnings Per Share, diluted        $      2.59  $          38.0%
                                                      1.87

Table 5 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS                December 31,                          September 30,
                     2012         2011         % Change    2012       % Change
Residential          476,852      538,500      (11.4%)     463,402    2.9%
Mortgage Loans:
Commercial Loans:
 Real Estate       3,632,045    3,363,891    8.0%        3,549,837  2.3%
 Business          2,537,716    2,005,234    26.6%       2,449,125  3.6%
 Total          6,169,761    5,369,125    14.9%       5,998,962  2.8%
Commercial Loans
Consumer Loans:
 Indirect          327,985      261,896      25.2%       319,389    2.7%
Automobile
 Home Equity       1,250,977    1,019,110    22.8%       1,200,886  4.2%
 Automobile        60,240       38,600       56.1%       55,244     9.0%
 Credit Card       52,628       48,732       8.0%        49,330     6.7%
Loans
 Other            160,137      112,074      42.9%       142,734    12.2%
 Total          1,851,967    1,480,412    25.1%       1,767,582  4.8%
Consumer Loans
 Total Loans   8,498,580    7,388,037    15.0%       8,229,946  3.3%
Allowance for        (251,603)    (193,761)                (201,387)
Credit Losses
 Loans, Net        $          $                      $  
                     8,246,977    7,194,276                8,028,559
ASSET QUALITY DATA   December 31,                          September 30,
^(1)
                     2012         2011         % Change    2012       % Change
Nonaccrual Loans     $         $         (24.8%)     $       (4.6%)
                     540,867     719,236                 567,006
Foreclosed Assets    1,473        4            40196.0%    1,648      (10.6%)
Other Real Estate    120,063      125,042      (4.0%)      127,525    (5.9%)
Owned
Accruing Loans
More Than 90 Days    4,404        29,003       (84.8%)     5,538      (20.5%)
Past Due
Total                $         $                     $   
Nonperforming        666,807     873,285     (23.6%)     701,717   (5.0%)
Assets
Loans 30-89 Days     $        $        (44.6%)     $      (18.9%)
Past Due             47,899       86,467                 59,063
Nonperforming
Assets to Total      5.08%        7.43%        (31.6%)     5.60%      (9.3%)
Assets
Nonperforming
Assets to Total      7.74%        11.62%       (33.4%)     8.39%      (7.9%)
Loans and OREO^
Allowance for
Credit Losses to     46.1%        25.9%        78.2%       35.2%      31.2%
Nonperforming
Loans ^(2)
Allowance for
Credit Losses to     37.7%        22.2%        70.1%       28.7%      31.5%
Nonperforming
Assets
Allowance for
Credit Losses to     2.96%        2.62%        12.9%       2.45%      21.0%
Total Loans
Year to Date         $        $        (38.9%)     $      N/M
Charge-offs         10,101       16,535                   7,230
Year to Date         (5,277)      (8,351)      (36.8%)     (2,495)    N/M
Recoveries
Year to Date Net     $        $                    $    
Charge-offs            4,824      8,184    (41.1%)       4,735  N/M
(Recoveries)
Quarter to Date      $        $                    $    
Net Charge-offs                 5,350    (98.3%)       1,923  (95.4%)
(Recoveries)         89
Quarter to Date Net
Charge-offs to       0.00%        0.29%        (98.6%)     0.10%      (95.6%)
Average Loans
(Annualized)
^(1)For purposes of this table, nonperforming assets include all loans 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 (Ex-Covered Assets and Acquired Impaired Loans)^(1)
                         December 31,                      September 30,
                         2012         2011       % Change  2012       % Change
Residential Mortgage     289,357      283,113    2.2%      265,639    8.9%
Loans:
Commercial Loans:
 Real Estate           2,935,839    2,586,694  13.5%     2,819,990  4.1%
 Business              2,447,196    1,869,965  30.9%     2,353,628  4.0%
 Total Commercial   5,383,035    4,456,659  20.8%     5,173,618  4.0%
Loans
Consumer Loans:
 Indirect Automobile   327,916      261,879    25.2%     319,309    2.7%
 Home Equity           1,072,117    825,216    29.9%     1,018,983  5.2%
 Automobile            60,232       38,592     56.1%     55,234     9.0%
 Credit Card Loans     51,722       47,763     8.3%      48,454     6.7%
 Other                157,247      105,387    49.2%     140,174    12.2%
 Total Consumer     1,669,234    1,278,837  30.5%     1,582,154  5.5%
Loans
 Total Loans       7,341,626    6,018,609  22.0%     7,021,411  4.6%
Allowance for Credit     (79,537)     (74,861)             (79,562)
Losses
 Loans, Net            $          $                  $  
                         7,262,089    5,943,748            6,941,849
ASSET QUALITY DATA (Ex-Covered Assets and Acquired Impaired Loans) ^(1)
                         December 31,                      September 30,
                         2012         2011       % Change  2012       % Change
Nonaccrual Loans         $        $      16.7%     $      6.3%
                         70,354       60,303             66,201
Foreclosed Assets        14           4          262.2%    19         (28.5%)
Other Real Estate        26,366       19,997     31.9%     18,448     42.9%
Owned
Accruing Loans More      1,776        3,580      (50.4%)   3,786      (53.1%)
Than 90 Days Past Due
Total Nonperforming      $        $      17.4%     $      11.4%
Assets                   98,510       83,884             88,454
Loans 30-89 Days Past    $        $      9.1%      $      0.9%
Due                      21,228       19,455             21,029
Troubled Debt            17,710       23,953     (26.1%)   21,840     (18.9%)
Restructurings ^(2)
Current Troubled Debt    2,354        55         4211.9%   483        386.9%
Restructurings ^(3)
Nonperforming Assets     0.85%        0.86%      (0.9%)    0.81%      4.5%
to Total Assets
Nonperforming Assets
to Total Loans and       1.34%        1.39%      (3.8%)    1.26%      6.4%
OREO^
Allowance for Credit
Losses to                110.3%       117.2%     (5.9%)    113.7%     (3.0%)
Nonperforming Loans
^(4)
Allowance for Credit
Losses to                80.7%        89.2%      (9.5%)    89.9%      (10.2%)
Nonperforming Assets
Allowance for Credit     1.08%        1.24%      (12.9%)   1.13%      (4.4%)
Losses to Total Loans
Year to Date             $        $      (36.7%)   $      N/M
Charge-offs               9,751     15,398               6,839
Year to Date             (5,296)      (7,825)    (32.3%)   (2,475)    N/M
Recoveries
Year to Date Net         $        $                $    
Charge-offs                4,455      7,573  (41.2%)     4,364  N/M
(Recoveries)
Quarter to Date Net      $        $                $    
Charge-offs                         4,622  (98.0%)     1,923  (95.3%)
(Recoveries)             91
Quarter to Date Net
Charge-offs to Average   0.01%        0.31%      (98.4%)   0.11%      (95.5%)
Loans (Annualized)
^(1) For purposes of this table, nonperforming assets include all loans
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.
^(3) Current troubled debt restructurings are defined as troubled debt
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)
                4Q 2011         1Q 2012         2Q 2012         3Q 2012         4Q 2012
                Average Yield   Average Yield   Average Yield   Average Yield   Average Yield
                Balance         Balance         Balance         Balance         Balance
Non Covered     $     4.91%   $     4.78%   $     4.68%   $     4.55%   $     4.52%
Loans           5,874           6,088           6,374           6,863           7,272
FDIC Covered    $     16.14%  $     15.97%  $     16.66%  $     18.88%  $     17.53%
Loans           1,351           1,293           1,219           1,154           1,112
FDIC
Indemnification 593     -19.31% 574     -19.26% 508     -22.16% 449     -29.20% 411     -26.83%
Asset
Net Covered     $     5.33%   $     5.14%   $     5.23%   $     5.42%   $     5.55%
Loans           1,944           1,867           1,727           1,603           1,523

Table 8 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                     For The Quarter Ended
                     December 31, 2012                  September 30, 2012      December 31, 2011
                                Average    Average    Average    Average    Average    Average
                     Interest  Balance     Yield/Rate  Balance    Yield/Rate  Balance     Yield/Rate
                                            (%)                     (%)                     (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans       8,344      $       7.70%       $       7.80%       $       7.01%
                                433,164                418,925                492,262
Commercial Loans     94,168     6,101,343   6.13%       5,832,375   6.61%       5,235,122   7.22%
(TE) ^(1)
Consumer and Other   29,219     1,849,711   6.28%       1,765,529   6.35%       1,497,229   6.29%
Loans
Total Loans         131,731    8,384,218   6.25%       8,016,829   6.61%       7,224,613   7.01%
Loss Share           (28,201)   411,328     -26.83%     448,746     -29.20%     592,985     -19.31%
Receivable
 Total Loans
and Loss Share       103,530    8,795,546   4.70%       8,465,575   4.71%       7,817,598   5.02%
Receivable
Mortgage Loans Held  1,571      212,432     2.96%       182,543     3.21%       131,787     3.21%
for Sale
Investment
Securities (TE)      8,933      1,896,092   2.09%       1,963,451   2.22%       1,985,826   2.57%
^(1)(2)
Other Earning       745        486,544     0.61%       298,681     0.85%       385,158     0.68%
Assets
Total Earning       114,779    11,390,614  4.06%       10,910,250  4.14%       10,320,369  4.36%
Assets
Allowance for                  (196,634)               (180,798)               (167,433)
Credit Losses
Nonearning Assets               1,498,685               1,453,102               1,432,249
Total Assets                    $                     $                     $  
                                12,692,665              12,182,554              11,585,185
LIABILITIES AND SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
 NOW Accounts   1,899      $        0.34%       $        0.35%       $        0.41%
                                2,207,032               2,023,769               1,718,337
 Savings and
Money Market         4,210      3,935,675   0.43%       3,701,947   0.46%       3,413,278   0.55%
Accounts
 Certificates   5,100      2,244,876   0.90%       2,206,939   1.00%       2,665,935   1.38%
of Deposit
 Total
Interest-bearing     11,209     8,387,583   0.53%       7,932,655   0.58%       7,797,550   0.80%
Deposits
 Short-term        143        271,266     0.21%       367,443     0.21%       223,263     0.27%
Borrowings
 Long-term Debt    3,437      424,052     3.17%       438,828     3.10%       455,549     2.84%
 Total
Interest-bearing     14,789     9,082,901   0.65%       8,738,926   0.69%       8,476,362   0.90%
Liabilities
Noninterest-bearing             1,928,361               1,773,302               1,455,097
Demand Deposits
Noninterest-bearing             147,842                 150,988                 173,188
Liabilities
 Total                  11,159,104              10,663,216              10,104,647
Liabilities
Shareholders'                   1,533,561               1,519,338               1,480,538
Equity
 Total
Liabilities and                 $                     $                     $  
Shareholders'                   12,692,665              12,182,554              11,585,185
Equity
Net Interest Spread             $       3.41%       $       3.45%       $       3.46%
                                 99,990                96,726                92,573
Tax-equivalent                  2,449       0.08%       2,417       0.09%       2,345       0.09%
Benefit
Net Interest Income             $                   $                   $    
(TE) / Net Interest             102,439    3.55%        99,143   3.58%        94,918   3.62%
Margin (TE) ^(1)
^(1) Fully taxable equivalent (TE) calculations include the tax
benefit associated with related income sources that are tax-exempt
using a marginal tax rate of 35%.
^(2) Balances exclude unrealized gain or loss on securities
available for sale and impact of trade date accounting.

Table 9 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                     For The Year Ended
                                                        
                                December 31, 2012
                                                        December 31, 2011
                                Average    Average               Average    Average
                     Interest  Balance     Yield/Rate  Interest  Balance     Yield/Rate
                                            (%)                                (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans       33,254     $       7.52%       38,379     $       6.97%
                                 442,088                          550,361
Commercial Loans     373,497    5,703,163   6.54%       306,089    4,787,680   6.41%
(TE) ^(1)
Consumer and Other   107,192    1,700,427   6.30%       91,704     1,399,953   6.55%
Loans
Total Loans         513,943    7,845,678   6.54%       436,172    6,737,994   6.49%
Loss Share           (118,100)  485,270     -23.94%     (72,086)   648,248     -10.97%
Receivable
 Total Loans
and Loss Share       395,843    8,330,948   4.77%       364,086    7,386,242   4.96%
Receivable
Mortgage Loans Held  5,318      162,053     3.28%       3,479      81,304      4.28%
for Sale
Investment
Securities (TE)      41,266     1,959,754   2.31%       50,716     2,036,071   2.65%
^(1)(2)
Other Earning       2,773      379,660     0.73%       2,046      277,152     0.74%
Assets
Total Earning       445,200    10,832,415  4.16%       420,327    9,780,769   4.35%
Assets
Allowance for                  (184,127)                          (155,851)
Credit Losses
Nonearning Assets               1,448,684                          1,265,272
Total Assets                    $                               $   
                                12,096,972                         10,890,190
LIABILITIES AND SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
 NOW Accounts   7,475      $       0.37%       7,579      $       0.49%
                                2,035,544                          1,554,368
 Savings and
Money Market         17,034     3,661,697   0.47%       21,991     3,186,508   0.69%
Accounts
 Certificates   24,855     2,302,081   1.08%       40,984     2,699,279   1.52%
of Deposit
 Total
Interest-bearing     49,364     7,999,322   0.62%       70,554     7,440,155   0.95%
Deposits
 Short-term        650        284,201     0.22%       577        220,146     0.26%
Borrowings
 Long-term Debt    13,436     431,133     3.07%       10,938     440,077     2.45%
 Total
Interest-bearing     63,450     8,714,656   0.73%       82,069     8,100,378   1.01%
Liabilities
Noninterest-bearing             1,718,849                          1,205,697
Demand Deposits
Noninterest-bearing             149,950                            161,859
Liabilities
 Total                  10,583,455                         9,467,934
Liabilities
Shareholders'                   1,513,517                          1,422,256
Equity
 Total
Liabilities and                 $                               $   
Shareholders'                   12,096,972                         10,890,190
Equity
Net Interest Spread             $       3.43%                  $       3.34%
                                 381,750                          338,258
Tax-equivalent                  9,659       0.09%                  8,178       0.09%
Benefit
Net Interest Income             $                              $    
(TE) / Net Interest              391,409  3.58%                   346,436  3.51%
Margin (TE) ^(1)
^(1) Fully taxable equivalent (TE) calculations include the tax benefit associated with
related income sources that are tax-exempt using a marginal tax rate of 35%.
^(2) Balances exclude unrealized gain or loss on securities available for sale and
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
                             December 31,     September 30,      December 31,
                             2012             2012               2011
                             $         $          $      
Net Interest Income (GAAP)       99,990      96,726        
                                                                 92,573
Effect of Tax Benefit on     2,449            2,417              2,345
Interest Income
Net Interest Income (TE)     102,439          99,143             94,918
(Non-GAAP) ^(1)
Noninterest Income (GAAP)    50,354           46,553             35,455
Effect of Tax Benefit on     489              493                484
Noninterest Income
Noninterest Income (TE)      50,843           47,046             35,939
(Non-GAAP) ^(1)
Taxable Equivalent Revenues  153,282          146,189            130,857
(Non-GAAP) ^(1)
 Securities Losses (Gains) 4                (41)               (793)
 Other noninterest income  (2,196)          -                  -
Taxable Equivalent Operating $         $          $      
Revenues (Non-GAAP) (1)         151,090      146,148        
                                                                 130,064
Total Noninterest Expense    $         $          $      
(GAAP)                          113,441      109,848         
                                                                 99,726
Less Intangible              (1,285)          (1,287)            (1,384)
Amortization Expense
Tangible Noninterest         112,156          108,561            98,342
Expense (Non-GAAP) ^(2)
Merger-related expenses      1,183            2,985              4,055
Severance expenses           370              712                206
Occupancy expenses and       711              284                -
branch closure expenses
Professsional expenses and   339              574                193
litigation settlements
Tangible Operating           $         $          $      
Noninterest Expense             109,553      104,006         
(Non-GAAP) (2)                                                   93,888
Return on Average Common     6.02%            5.56%              4.65%
Equity (GAAP)
Effect of Intangibles ^(2)   2.60%            2.35%              2.07%
Effect of Non Operating      0.09%            1.05%              0.89%
Revenues and Expenses
Operating Return on Average
Tangible Common Equity       8.71%            8.96%              7.61%
(Non-GAAP) ^(2)
Efficiency Ratio (GAAP)      75.5%            76.7%              77.9%
 Effect of Tax Benefit
Related to Tax Exempt        (1.5%)           (1.6%)             (1.7%)
Income
Operating Efficiency Ratio  74.0%            75.1%              76.2%
(TE) (Non-GAAP) ^(1) 
 Effect of Amortization   (0.8%)           (0.8%)             (0.9%)
of Intangibles
 Effect of Non Operating  (0.7%)           (3.1%)             (3.1%)
Revenues and Expenses
Tangible Operating
Efficiency Ratio             72.5%            71.2%              72.2%
(TE)(Non-GAAP) ^(1) (2)

     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^(1)
(dollars in thousands)
                For The Quarter Ended
                December 31, 2012          September 30, 2012         December 31, 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)          32,037   23,208         29,378   21,234         24,024   17,357      
                                   0.79                      0.73                      0.59
Merger-related  1,183    769       0.03    2,985    1,940     0.07    4,055    2,636     0.09
expenses
Severance       370      241       0.01    712      463       0.02    206      134       0.00
expenses
Occupancy
expenses and    711      462       0.02    284      185       0.01    -        -         -
branch closure
expenses
Professsional
expenses and    339      220       0.01    574      373       0.01    193      125       0.00
litigation
settlements
Other
noninterest     (2,196)  (1,427)   (0.05)  -        -         -       -        -         -
income
Loss (Gain) on
sale of         4        3         -       (41)     (27)      (0.00)  (793)    (515)     (0.02)
investments
Operating
earnings        32,448   23,476    0.80    33,892   24,168    0.83    27,685   19,737    0.67
(Non-GAAP)
Covered and
acquired
impaired loan  4,504    2,928     0.10    2,318    1,507     0.05    1,659    1,078     0.04
provision for
credit losses
Other
provision for   362      235       0.01    1,735    1,128     0.04    2,620    1,703     0.06
credit losses
Pre-provision                      $                        $                        $  
operating       $     $           $     $           $     $        
earnings        37,314   26,639    0.91   37,945   26,802    0.92   31,964   22,518    0.77
(Non-GAAP)
(1) Per share amounts may not appear to foot due to rounding

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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