IBERIABANK Corporation Reports First Quarter Results

             IBERIABANK Corporation Reports First Quarter Results

PR Newswire

LAFAYETTE, La., April 25, 2013

LAFAYETTE, La., April 25, 2013 /PRNewswire/ --IBERIABANK Corporation (NASDAQ:
IBKC), holding company of the 126-year-old IBERIABANK (www.iberiabank.com),
reported operating results for the first quarter ended March 31, 2013. For
the quarter, the Company reported income available to common shareholders of
$717,000, or $0.02 fully diluted earnings per share. As announced on April
15, 2013, the results for the first quarter of 2013 were materially affected
by increased costs related to the adoption of a new accounting standard ($0.12
per share after-tax) and an impairment charge and other factors related to and
impacting loans acquired in failed bank acquisitions and the related FDIC loss
share protection ($0.70 per share after-tax). In addition, theCompany
incurred conversion and process improvement costsequal to $0.02 per share on
an after-tax basis. The negative impact of these items on the first quarter
of 2013 totaled $38 million on a pre-tax basis, or $0.84 per share on an
after-tax basis. Excluding those items, EPS in the first quarter of 2013 was
$0.86 per share on a non-GAAP operating basis excluding the adoption of the
new accounting standard (refer to press release supplemental table).

Daryl G. Byrd, President and Chief Executive Officer, commented, "Adoption of
the new accounting standard and seasonal influences masked a quarter of
favorable progress in further strengthening our franchise. We are very
pleased with the solid core client growth and exceptional asset quality
improvements we achieved in the first quarter. Our balance sheet liquidity
remains stout, as evidenced by our holding, on average, nearly $3 billion in
cash equivalents and liquid, marketable investment securities during the first
quarter. We believe our strong capital position and recently completed
investments in infrastructure provide us a competitive advantage to capitalize
on future revenue enhancements and acquisition opportunities. We are also
well along the way in executing on our earnings improvement initiatives that
we detailed today, and we believe will significantly benefit our operating
efficiencies and profitability."

Byrd continued, "Seasonal influences weighed on our noninterest income and
partially masked good core loan growth in the first quarter. As we continue
to diversify and expandour lending base, these seasonal influences are
expected to have a diminishing impact, as other markets continue to experience
strong consistent growth. For example, during the first quarter, our Houston
market crossed the $1 billion mark in loans outstanding and the $500 million
deposit threshold. We are very pleased with the continued client growth in
our markets. As evidenced by our phenomenal asset quality statistics, this
growth has been achieved with very prudent underwriting standards."

Highlights for the First Quarter of 2013 and March 31, 2013:

  oOn April 15, 2013, the Company disclosed an impairment charge associated
    with its indemnification assets from prior FDIC-assisted acquisitions that
    would be taken as of March 31, 2013, and accelerated indemnification asset
    ("IA") amortization in each of the eight quarters beginning with the first
    quarter of 2013. Accordingly, results for the first quarter of 2013
    include a pre-tax $32 million impairment charge shown in "Other
    Noninterest Expense." In addition, the financial statements for the first
    quarter of 2013 reflect $5.5 million in accelerated IA amortization that
    is shown as a reduction in net interest income and reduced the net
    interest margin by 19 basis points during the first quarter of 2013.
  oToday the Company issued a separate press release providing details on
    ongoing operating improvement initiatives that commenced in the second
    quarter of 2012. These Company initiatives are currently expected to
    achieve aggregate annual run-rate benefits of approximately $21 million,
    of which 92% are targeted expense reductions. In 2013, implementation
    costs are projected to total nearly $4 million, with approximately $11
    million in aggregate pre-tax earnings improvements. Full run-rate
    benefits are expected to be achieved by the first quarter of 2014,
    resulting in approximately $21 million of annual pre-tax earnings
    improvements in 2014 and beyond. Additional details regarding the
    projected results of the initiatives are provided inthe supplemental
    presentation available on the Company's website. The Company will report
    on a quarterly basis regarding its progress in achieving the targeted
    earnings enhancements.
  oLoan growth of $185 million, or 2%, between quarter-ends (10% annualized
    rate), excluding loans and other assets covered under FDIC loss share
    agreements ("Covered Assets").
  oTotal deposits decreased $62 million, or 1%, between quarter ends.
    Seasonal deposits declined approximately $115 million during the first
    quarter. Excluding the decline in those temporary deposits, total deposits
    increased $53 million,or less than 1%, since year-end 2012.
  oThe net interest margin declined 32 basis points on a linked quarter
    basis. The accelerated IA amortization accounted for 19 basis points of
    the margin decline, 8 basis points due to changes in covered loan yield, 2
    basis points associated with the additional liquidity added during the
    first quarter, and 3 basis points due to all other factors.
  oLegacy asset quality improved considerably during the first quarter of
    2013. Nonperforming assets ("NPAs"), excluding Covered Assets and
    impaired loans acquired in acquisitions, equated to 0.83% of total assets
    at March 31, 2013, compared to 0.85% at December 31, 2012. On that basis,
    loans past due 30 days or more declined $8 million, or 9%, to 1.13% of
    total loans at March 31, 2013, compared to 1.27% at year-end 2012.
    Classified assets excluding Covered Assets decreased $18 million, or 8%,
    during the first quarter, and decreased from 1.99% of total assets at
    December 31, 2012, to 1.84% at March 31, 2013.
  oThe Company recorded a negative loan loss provision in the first quarter
    of 2013 totaling $3 million, compared to a $5 million loan loss provision
    in the fourth quarter of 2012. The provision improvement was driven by
    improved asset quality, slower loan growth, and favorable net charge-off
    levels. Net charge-offs totaled $1.2 million in the first quarter of
    2013, or an annualized 0.06% of average loans. Over the last five
    quarters, net charge-offs averaged 0.07% of average loans.
  oCapital ratios remained strong. At March 31, 2013, the Company's tangible
    common equity ratio was 8.75%, tier 1 common ratio was 11.39%, and total
    risk based capital ratio was 13.80%.

Table A - Summary Financial Results

                         For the Quarter Ended:
Selected Financial Data  3/31/2012   12/31/2012        3/31/2013   % Change
Net Income ($ in         $      $          $     
thousands)                 19,393  23,208                   -97%
                                                       717
Per Share Data:
                         $      $         $     
Fully Diluted Earnings           0.79                   -97%
                         0.66                         0.02
Operating Earnings       0.62        0.80              0.86        7%
(Non-GAAP) ^(1)
Pre-provision Operating  0.68        0.91              0.78        -14%
Earnings (Non-GAAP)
Tangible Book Value     37.23       37.34             36.93       -1%
                         As of and for the Quarter Ended:          Basis Point
Key Ratios              3/31/2012   12/31/2012        3/31/2013   Change
Return on Average Assets 0.67%       0.73%             0.02%       (71)   bps
Return on Average Common 5.21%       6.02%             0.19%       (583)  bps
Equity
Return on Average
Tangible Common Equity   7.43%       8.62%             0.55%       (807)  bps
(Non-GAAP)
Net Interest Margin (TE) 3.59%       3.55%             3.23%       (32)   bps
^(2)
Tangible Efficiency
Ratio (TE) ^(2)          74.6%       73.2%             102.4%      2,924  bps
(Non-GAAP)
Tangible Common Equity   9.64%       8.66%             8.75%       9      bps
Ratio (Non-GAAP)
Tier 1 Leverage Ratio    10.51%      9.70%             9.37%       (33)   bps
Tier 1 Common Ratio      13.48%      11.74%            11.39%      (35)   bps
(Non-GAAP)
Total Risk Based Capital 16.10%      14.19%            13.80%      (39)   bps
Ratio
Net Charge-Offs to       0.09%       0.01%             0.06%       5      bps
Average Loans ^(3)
Nonperforming Assets to  0.83%       0.85%             0.83%       (2)    bps
Total Assets ^(3)
                         For Quarter Ended:
                         GAAP                          Non GAAP
Adjusted Selected Key    3/31/2013   Adjustments^(4)   3/31/2013
Ratios
Return on Average Assets 0.02%       0.78%             0.80%
Return on Average Common 0.19%       6.42%             6.61%
Equity
Return on Average
Tangible Common Equity   0.55%       8.91%             9.46%
(Non-GAAP)
Net Interest Margin (TE) 3.23%       0.19%             3.42%
^(2)
Tangible Efficiency      102.4%      (25.6%)           76.8%
Ratio (TE)^(2)(Non-GAAP)
^(1)Excludes the impact of the adoption of the new accounting standard.
^(2)Fully taxable equivalent basis.
^(3)Excluding FDIC Covered Assets and acquired impaired loans.
^(4)Adjusted results exclude the income statement impact of the additional
amortization and impairment of the Company's indemnification asset, net of
tax where applicable, without adjustment to any balance sheet accounts.

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 $437 million, or
4%. Also on a linked quarter basis, the average earning asset yield declined
36 basis points, approximately half of which was due to accelerated IA
amortization and the other half due to a reduction in average earning asset
yields. The cost of interest bearing liabilities decreased seven basis points,
and the tax-equivalent net interest margin declined 32 basis points. The
accelerated IA amortization accounted for approximately 19 basis points of the
margin decline. Tax-equivalent net interest income decreased  $7.1 million,
or 7%, of which $5.5 million of the decline was associated with the
accelerated IA amortization. The decline in the margin more than offset the
benefit of strong growth in average earning assets in the first quarter of
2013.

Table B - Quarterly Average Yields/Cost ^(1)



                                  For Quarter Ended:               Basis Point
                                  3/31/2012  12/31/2012  3/31/2013 Change
Investment Securities             2.51%      2.09%       1.92%     (17)   bps
Covered Loans, net of loss share  7.45%      7.68%       5.35%     (233)  bps
receivable
Noncovered Loans                  4.78%      4.52%       4.44%     (8)    bps
Loans & Loss Share Receivable     4.87%      4.70%       4.36%     (34)   bps
Mortgage Loans Held For Sale      3.58%      2.96%       2.97%     1      bps
Other Earning Assets              0.71%      0.61%       0.52%     (9)    bps
 Total Earning Assets            4.25%      4.06%       3.70%     (36)   bps
Interest Bearing Deposits         0.72%      0.53%       0.47%     (6)    bps
Short-Term Borrowings             0.25%      0.21%       0.19%     (2)    bps
Long-Term Borrowings              2.92%      3.17%       3.16%     (1)    bps
 Total Interest Bearing          0.82%      0.65%       0.58%     (7)    bps
Liabilities
Net Interest Spread               3.43%      3.41%       3.12%     (29)   bps
Net Interest Margin               3.59%      3.55%       3.23%     (32)   bps
^(1) Earning asset yields are shown on a fully taxable
equivalent basis.

The 17 basis point decline in average investment yield was the result of cash
flows reinvested at lower interest rates and additional investment purchases
with relatively short durations. During the first quarter of 2013, the
Company purchased approximately $225 million in securities with a weighted
average duration of less than one month and a yield of less than 10 basis
points. The covered loan yield (net of loss share receivable) decreased 233
basis points due primarily to the previously mentioned accelerated IA
amortization. The non-covered loan yield declined eight basis points
primarily due to a 10 basis point decline in the commercial loan portfolio
yield.

For thesecond quarter of 2013, the Company projects the prospective yield on
the covered loan portfolio net of the FDICIA to approximate 5.40% and
projects the average balance of the net covered loan portfolio to decline
approximately $135 million, based on current FDIC loss share accounting
assumptions and estimates. TheIA amortization is projected to decline from
approximately $28 million in the first quarter of 2013 to approximately $15
million in the second quarter of 2013, and decline thereafter at a rate of
approximately $2 million per quarter.

The Company recorded a $3.4 million negative loan loss provision in the first
quarter of 2013, as a result of significantly improved asset quality
conditions in the legacy loan portfolio and acquired performing portfolio.
The Company reported net charge-offs of $1.2 million in the first quarter of
2013, or 0.06% of average loans on an annualized basis.

Aggregate noninterest income decreased $6 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 investment securities equal to $2.4
    million; offset by
  oDecreased mortgage income of $4.0 million, or 17%;
  oDecreased deposit service charge income of $0.5 million, or 7%;
  oDecreased titlerevenue of $0.5 million, or 9%; and
  oDecreased capital markets revenues of $0.3 million, or 17%.

In addition, the Company recorded a $2.2 million gain associated with the
redemption of a business investment acquired in the acquisition of OMNI
Bancshares, Inc. in the fourth quarter of 2012 and no similar gains were
recorded in 2013. The $4 million decline in mortgage income was the result
of a lower net valuation of derivatives and mortgage loans held for sale due
primarily to the changing interest rate environment and lower origination
volumes. Title revenue was lower on a linked quarter basis due to seasonality
influences. Assets under management at IBERIA Wealth Advisors were $1.1
billion at March 31, 2013.

In the first quarter of 2013, the Company originated $546 million in
residential mortgage loans, down $131 million, or 19%, on a linked quarter
basis (up $92 million compared to the same quarter last year). The decline in
origination volume was consistent with historical seasonal trends. Client
loan refinancing opportunities accounted for approximately 40% of mortgage
loan applications in the first quarter of 2013, compared to 47% in the fourth
quarter of 2012 and approximately 36% between March 31, 2013, and April 12,
2013. The Company sold $616 million in mortgage loans during the first
quarter of 2013, up $5 million, or less than 1%, on a linked quarter basis.
Margins on the sale of mortgage loans were fairly stable on a linked quarter
basis. The mortgage origination pipeline was approximately $281 million at
March 31, 2013, compared to $241 million at December 31, 2012, and
approximately $322 million at April 21, 2013. Mortgage loan repurchases and
make-whole payments were approximately $0.1 million in the first quarter of
2013, unchanged compared to the fourth quarter of 2012.

Noninterest expense increased $31.5 million, or 28%, on a linked quarter
basis. The increase in expense is attributable to the previously disclosed
$31.8 million IA impairment charge. One-time acquisition and conversion costs
associated with the Florida Gulf transaction in the first quarter of 2013 were
$0.2 million, or less than $0.01 per share. Excluding the aforementioned
non-operating expenses, other changes in noninterest expense on a linked
quarter basis were:

  oFHLB debt extinguishment costs of $2.3 million;
  oIncreased payroll tax expense of $1.9 million, or 72%; and
  oIncreased franchise and share taxes of $1.1 million; offset by
  oDecreased mortgage commissions of $1.4 million, or 25%;
  oDecreased marketing and business development expense of $1.5 million, or
    33%;
  oDecreased legal and professional expenses of $1.0 million, or 19%;
  oDecreased OREO expense of $0.9 million, or 49%;
  oDecreased credit and loan-related expense of $0.6 million, or 15%; and
  oDecreased FDIC insurance premium expense of $0.5 million, or 20%.

Loans

In the first quarter of 2013, total loans increased $96 million, or 1%. The
loan portfolio associated with FDIC-assisted acquisitions decreased $89
million, or 8%, compared to December 31, 2012. Excluding loans associated
with FDIC-assisted transactions, total loans increased $185 million, or 2%,
over that period (10% annualized rate). The Company experienced several large
commercial loan pay-downs during the first quarter of 2013. In addition, in
the first quarter of each year the Company has historically experienced slower
loan growth than other quarters of the year. Legacy commercial loans
increased $113 million, or 2% (which includes $44 million in business banking
loan growth, up 7%), legacy consumer loans increased $61 million, or 4%, and
legacy mortgage loans increased $11 million, or 4%, during the quarter. Loan
origination growth during the first quarter of 2013 was strongest in the
Houston, Lafayette, New Orleans, Baton Rouge, and Mobile markets. Loans and
commitments originated during the first quarter of 2013 totaled $873 million,
with 57% fixed rate and 43% floating rate. Energy-related loans outstanding
totaled $632 million at March 31, 2013, equal to approximately 7% of total
loans. The Company had no student loans outstanding at March 31, 2013.

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



           Period-End Balances ($
           Millions)
                                     % Change                     Mix
           3/31/12 12/31/12 3/31/13  Year/Year Qtr/Qtr Annualized  12/31/12 3/31/13
Commercial $     $      $      21%       2%      8%          64%      65%
           4,601   5,442    5,555
Consumer   1,353   1,674    1,735    28%       4%      14%         20%      20%
Mortgage   263     290      301      15%       4%      16%         3%       3%
Non-FDIC   $     $      $      22%       2%      10%         87%      88%
Loans      6,217   7,406    7,591
Covered    1,261   1,093    1,004    -20%      -8%     -32%        13%      12%
Assets
Total      $     $      $      15%       1%      5%          100%     100%
Loans      7,478   8,499    8,595

Deposits

Total deposits decreased $62 million, or 1%, from December 31, 2012 to March
31, 2013. Noninterest bearing deposits increased $4 million, or less than 1%,
and equated to 19% of total deposits at March 31, 2013. NOW accounts
decreased $43 million, or 2%, and money market and savings account volume
increased $53 million, or 1%, at March 31, 2013. Deposit growth in the first
quarter was driven by commercial and retail client growth, partially offset by
reduced levels of seasonal deposits. By year-end 2012, the Company received
an influx of approximately $140 million in seasonal client deposits (primarily
NOW accounts).Seasonal deposits decreased $115 million during the first
quarter of 2013. Excluding the estimated seasonal decline in deposits,
deposits increased $53 million, or less than 1%, during the first quarter of
2013. Period-end deposit growth during the first quarter of 2013 was
strongest in the Little Rock, Birmingham, Naples, Lake Charles, and Fort Myers
markets.

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



             Period-End Balances ($
             Millions)
                                       % Change                     Mix
             3/31/12 12/31/12 3/31/13  Year/Year Qtr/Qtr Annualized  12/31/12 3/31/13
Noninterest  $     $      $      23%       0%      1%          18%      19%
             1,607   1,968    1,972
NOW Accounts 1,967   2,523    2,480    26%       -2%     -7%         24%      23%
Savings/MMkt 3,503   4,103    4,156    19%       1%      5%          38%      39%
Time         2,384   2,154    2,078    -13%      -4%     -14%        20%      19%
Deposits
Total        $     $       $       13%       -1%     -2%         100%     100%
Deposits     9,461   10,748  10,686



On an average balance and linked quarter basis, noninterest-bearing deposits
increased $10 million, or less than 1%, and interest-bearing deposits
increased $378 million, or 5%. The rate on average interest-bearing deposits
in the first quarter of 2013 was 0.47%, a decrease  of six 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
0.75%. An additional $0.2 billion in time deposits are scheduled to re-price
the following 12 months at a weighted average cost of 1.17%. During the first
quarter of 2013, new and re-priced time deposits were booked at an average
cost of 0.45%. The Company experienced a time deposit retention rate of 93%
in the first quarter of 2013 with an average 22 basis point reduction in rate.

Other Assets And Funding

The Company maintained a strong liquidity position in the first quarter of
2013. Total cash and equivalents averaged $850 million in the first quarter
of 2013, up $205 million, or 32%, on a linked quarter basis. The Company
increased its investment portfolio by $139 million on a linked quarter basis.
The investment portfolio equated to $2.1 billion, or 17% of total assets at
March 31, 2013, up compared to 15% at December 31, 2012. The investment
portfolio had a modified duration of 3.1 years at March 31, 2013, up slightly
compared to 2.8 years at December 31, 2012. The lengthening of the modified
duration was the result of slowing prepayment speeds as interest rates
increased during the first quarter of 2013. The unrealized gain in the
portfolio decreased from $44 million at December 31, 2012, to $40 million at
March 31, 2013. The average yield on investment securities declined 17 basis
points on a linked quarter basis to 1.92% in the first quarter of 2012. The
Company holds in its investment portfolio primarily government agency and
municipal securities. Municipal securities comprised only 9% of total
investments at March 31, 2013. The Company holds no sovereign debt or
derivative exposure to foreign counterparties.

As a result of strong deposit growth, the Company paid off $90 million in
long-term FHLB borrowings near the end of the first quarter. The debt was
scheduled to mature in May 2014 and had an effective rate of 2.54%. The
Company incurred a prepayment penalty of $2.3 million on the extinguishment of
the debt. On a linked quarter basis, average long-term debt decreased $12
million, or 3%, and the cost of debt decreased one basis point to 3.16%. The
cost of average interest bearing liabilities was 0.58% in the first quarter of
2013, a decrease of seven basis points on a linked quarter basis. For the
month of March 2013, the average cost of interest bearing liabilities was
0.56%.

Asset Quality

Excluding $505 million in NPAs which were Covered Assets or acquired impaired
loans marked to fair value, NPAs at March 31, 2013 were $96 million, down $3
million, or 3%, compared to December 31, 2012. The decrease in NPAs was
primarily attributable to the resolution of problem credits. NPAs equated to
0.83% of total assets at March 31, 2013, compared to 0.85% of total assets at
December 31, 2012. Loans past due 30 days or more (including nonaccruing
loans) decreased $8 million, or 9%, and represented 1.13% of total loans at
March 31, 2013, down compared to 1.27% at December 31, 2012. Classified
assets declined $18 million, or 8%, during the first quarter of 2013.

Table E - Asset Quality Summary

Excludes the impact of all FDIC-assisted acquisitions and impaired loans

                          For Quarter Ended:              % or Basis Point Change
 ($ thousands)        3/31/2012 12/31/2012 3/31/2013  Year/Year    Qtr/Qtr
Nonperforming Assets      $        $  98,510 $         17%          -3%
                          82,238               96,001
Past Due Loans            79,928    93,358     85,399     7%           -9%
Classified Assets         194,034   231,586    213,589    10%          -8%
Nonperforming             0.83%     0.85%      0.83%      (0)    bps (2)    bps
Assets/Assets
NPAs/(Loans + OREO)       1.33%     1.34%      1.27%      (6)    bps (7)    bps
Classified Assets/Total   1.96%     1.99%      1.84%      (12)   bps (15)   bps
Assets
(Past Dues &              1.29%     1.27%      1.13%      (16)   bps (14)   bps
Nonaccruals)/Loans
Provision For Credit      $        $       $         -493%        -1190%
Losses                    1,004    362        (3,941)
Net                       1,339     91         1,170      -13%         1180%
Charge-Offs/(Recoveries)
Provision Less Net        $       $       $         -1424%       -1990%
Charge-Offs               (335)    270        (5,111)
Net Charge-Offs/Average   0.09%     0.01%      0.06%      (3)          5
Loans
Reserve For Credit        1.22%     1.08%      0.99%      (23)         (9)
Losses/Loans

Excluding Covered Assets and acquired impaired loans, troubled debt
restructurings at March 31, 2013, totaled $19 million, or 0.25% of total loans
(compared to 0.24% of total loans at December 31, 2012). All but $2 million 
of the Company's troubled debt restructurings were included in NPAs at March
31, 2013.

Capital Position

The Company maintains favorable capital strength. At March 31, 2013, the
Company reported a tangible common equity ratio of 8.75%, up nine basis points
compared to December 31, 2012. At that date, the Company's preliminary Tier 1
leverage ratio was 9.37%, down 33 basis points compared to December 31, 2012.
The Company's preliminary total risk-based capital ratio at March 31, 2013 was
13.80%, down 39 basis points compared to December 31, 2012. The declines in
these capital ratios were primarily the result of the IA impairment charge and
related costs.

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 first quarter of 2013. A total of 46,692 shares remain under the
currently authorized share repurchase program.

At March 31, 2013, book value per share was $51.33, down $0.55 per share
compared to December 31, 2012. Tangible book value per share was $36.93, down
$0.41 per share compared to December 31, 2012. Based on the closing stock
price of the Company's common stock of $49.13 per share on April 25, 2013,
this price equated to 0.96 times March 31, 2013 book value and 1.33 times
March 31, 2013 tangible book value per share.

On March 19, 2013, 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 2.77%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with276 combined
offices, including 181 bank branch offices andtwo LPOs in Louisiana,
Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title insurance offices
in Arkansas and Louisiana, mortgage representatives in62 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. During
the first quarter of 2013, four bank branch offices were closed and no branch
offices were opened.

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 April 25, 2013.

The following 10 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
  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, April 26,
2013, beginning at 8:00 a.m. Central Time by dialing 1-800-288-8968. The
confirmation code for the call is 290483. A replay of the call will be
available until midnight Central Time on May 3, 2013 by dialing
1-800-475-6701. The confirmation code for the replay is 290483. 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,actual results deviating
from the Company's current estimates and assumptions of timing and amounts of
cash flows, 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 at 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
                  March 31,                           December 31,
                  2013         2012         % Change    2012        % Change
Income Data (in
thousands):
 Net Interest     $       $       1%          $       (7%)
 Income           92,871       91,861                    99,990
 Net Interest
 Income (TE)^  95,335       94,233       1%          102,439     (7%)
 (1)
 Net Income      717          19,393       (96%)       23,208      (97%)
 Earnings
 Available to
 Common           717          19,393       (96%)       23,208      (97%)
 Shareholders-
 Basic
 Earnings
 Available to
 Common           697          19,029       (96%)       22,780      (97%)
 Shareholders-
 Diluted
Per Share Data:
 Earnings
 Available to     $       $                   $    
 Common             0.02      0.66    (96%)                (97%)
 Shareholders -                                         0.79
 Basic
 Earnings
 Available to
 Common           0.02         0.66         (96%)       0.79        (97%)
 Shareholders -
 Diluted
 Operating
 Earnings         0.86         0.62         39%         0.80        7%
 (Non-GAAP) ^(2)
 Book Value      51.33        50.67        1%          51.88       (1%)
 Tangible Book    36.93        37.23        (1%)        37.34       (1%)
 Value ^(3)
 Cash Dividends   0.34         0.34         -           0.34        -
 Closing Stock    50.02        53.47        (6%)        49.12       2%
 Price
Key Ratios: ^(4)
 Operating
 Ratios:
 Return on        0.02%        0.67%                    0.73%
 Average Assets
 Return on
 Average Common   0.19%        5.21%                    6.02%
 Equity
 Return on
 Average          0.55%        7.43%                    8.62%
 Tangible Common
 Equity ^(3)
 Net Interest
 Margin (TE)     3.23%        3.59%                    3.55%
 ^(1)
 Efficiency       105.5%       77.3%                    75.5%
 Ratio
 Tangible
 Efficiency       102.4%       74.6%                    73.2%
 Ratio (TE)
 ^(1) (3)
 Full-time
 Equivalent       2,718        2,591                    2,697
 Employees
 Capital Ratios:
 Tangible Common
 Equity Ratio     8.75%        9.64%                    8.66%
 (Non-GAAP)
 Tangible Common
 Equity to        11.64%       13.80%                   12.01%
 Risk-Weighted
 Assets
 Tier 1 Leverage  9.37%        10.51%                   9.70%
 Ratio
 Tier 1 Capital   12.54%       14.84%                   12.92%
 Ratio
 Total Risk
 Based Capital    13.80%       16.10%                   14.19%
 Ratio
 Common Stock
 Dividend Payout  N/M          51.8%                    43.2%
 Ratio
 Asset Quality
 Ratios:
 Excluding FDIC
 Covered Assets
 and acquired
 impaired loans
 Nonperforming
 Assets to Total  0.83%        0.83%                    0.85%
 Assets ^(5)
 Allowance for
 Credit Losses    0.99%        1.22%                    1.08%
 to Loans
 Net Charge-offs
 to Average       0.06%        0.09%                    0.01%
 Loans
 Nonperforming
 Assets to Total  1.27%        1.33%                    1.34%
 Loans and OREO
 ^(5)
                  For The Quarter Ended   For The Quarter Ended
                  March 31,               December   September  June 30,
                                            31,        30,
                  2013         2013         2012        2012        2012
Balance Sheet     End of
Summary (in       Period       Average      Average     Average     Average
thousands):
 Excess           $        $        $       $       $    
 Liquidity ^(6)   443,358      629,406      432,752     238,203     294,171
 Total
 Investment       2,149,990    2,096,229    1,957,542   2,005,975   2,048,001
 Securities
 Loans, Net of    8,594,975    8,543,538    8,384,218   8,016,829   7,592,677
 Unearned Income
 Loans, Net of
 Unearned Income,
 Excluding        7,532,774    7,454,309    7,212,648   6,810,490   6,400,351
 Covered Loans
 and SOP 03-3
 Total Assets     12,951,199   13,075,008   12,692,665  12,182,554  11,817,101
 Total Deposits   10,686,267   10,703,883   10,315,944  9,705,957   9,463,392
 Total
 Shareholders'    1,524,070    1,531,068    1,533,561   1,519,338   1,504,102
 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%.
^(2)  Excludes the impact of the adoption of the new accounting standard.
      Tangible calculations eliminate the effect of goodwill and acquisition
^^(3) related intangible assets and the corresponding amortization expense on
      a tax-effected basis where applicable.
^^(4) All ratios are calculated on an annualized basis for the period
      indicated.
      Nonperforming assets consist of nonaccruing loans, accruing loans 90
^(5)  days or more past due and other real estate owned, including repossessed
      assets.
      Excess Liquidity includes interest-bearing deposits in banks and fed
^^(6) funds sold, but excludes liquidity sources and uses from off-balance
      sheet arrangements.
N/M - Comparison of the information presented is not meaningful given the
periods presented.



Table 2 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
BALANCE SHEET (End  March 31,                              December 31,
of Period)
                    2013         2012         % Change     2012         % Change
ASSETS
Cash and Due From   $       $       (6.8%)       $       (26.2%)
Banks               183,158     196,572                  248,214
Interest-bearing    443,358      396,209      11.9%        722,763      (38.7%)
Deposits in Banks
 Total Cash and   626,516      592,781      5.7%         970,977      (35.5%)
Equivalents
Investment
Securities          1,951,548    1,811,023    7.8%         1,745,004    11.8%
Available for Sale
Investment
Securities Held to  198,442      190,084      4.4%         205,062      (3.2%)
Maturity
 Total Investment 2,149,990    2,001,107    7.4%         1,950,066    10.3%
Securities
Mortgage Loans Held 188,037      128,125      46.8%        267,475      (29.7%)
for Sale
Loans, Net of       8,594,975    7,478,306    14.9%        8,498,580    1.1%
Unearned Income
Allowance for       (189,725)    (177,192)    7.1%         (251,603)    (24.6%)
Credit Losses
 Loans, Net       8,405,250    7,301,114    15.1%        8,246,977    1.9%
Loss Share          284,471      537,448      (47.1%)      423,069      (32.8%)
Receivable
Premises and        304,353      292,403      4.1%         303,523      0.3%
Equipment
Goodwill and Other  428,522      396,908      8.0%         429,584      (0.2%)
Intangibles
Other Assets        564,060      541,397      4.2%         538,007      4.8%
 Total Assets     $          $          9.8%         $          (1.4%)
                    12,951,199  11,791,283               13,129,678
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        22.7%        $        0.2%
Deposits            1,971,809    1,607,244                 1,967,662
NOW Accounts        2,480,305    1,966,960    26.1%        2,523,252    (1.7%)
Savings and Money   4,155,973    3,502,606    18.7%        4,103,183    1.3%
Market Accounts
Certificates of     2,078,180    2,384,601    (12.8%)      2,154,180    (3.5%)
Deposit
 Total Deposits   10,686,267   9,461,411    12.9%        10,748,277   (0.6%)
Short-term          -            -            -            -            -
Borrowings
Securities Sold
Under Agreements to 294,156      266,489      10.4%        303,045      (2.9%)
Repurchase
Trust Preferred     111,862      111,862      0.0%         111,862      0.0%
Securities
Other Long-term     211,184      317,980      (33.6%)      311,515      (32.2%)
Debt
Other Liabilities   123,660      137,911      (10.3%)      125,111      (1.2%)
 Total            11,427,129   10,295,653   11.0%        11,599,810   (1.5%)
Liabilities
Total Shareholders' 1,524,070    1,495,630    1.9%         1,529,868    (0.4%)
Equity
 Total
Liabilities and     $          $          9.8%         $          (1.4%)
Shareholders'       12,951,199  11,791,283               13,129,678
Equity
BALANCE SHEET       March 31,    December     September    June 30,     March 31,
(Average)                        31,          30,
                    2013         2012         2012         2012         2012
ASSETS
Cash and Due From   $       $       $       $       $     
Banks               220,746     212,404     192,891     188,260     189,182
Interest-bearing    629,406      432,752      236,653      294,171      326,810
Deposits in Banks
Investment          2,096,229    1,957,542    2,005,975    2,048,001    2,047,168
Securities
Mortgage Loans Held 178,387      212,432      182,543      135,273      117,186
for Sale
Loans, Net of       8,543,538    8,384,218    8,016,829    7,592,677    7,381,188
Unearned Income
Allowance for       (245,384)    (196,634)    (180,798)    (173,023)    (185,952)
Credit Losses
Loss Share          384,319      411,328      448,746      508,443      573,776
Receivable
Other Assets        1,267,767    1,278,623    1,279,715    1,223,299    1,238,723
 Total Assets     $          $          $          $          $  
                    13,075,008  12,692,665  12,182,554  11,817,101  11,688,081
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        $        $        $    
Deposits            1,937,890    1,928,361    1,773,302    1,640,327    1,530,504
NOW Accounts        2,464,922    2,207,032    2,023,769    1,985,248    1,924,371
Savings and Money   4,170,123    3,935,675    3,701,947    3,524,641    3,481,073
Market Accounts
Certificates of     2,130,948    2,244,876    2,206,939    2,313,176    2,445,008
Deposit
 Total Deposits   10,703,883   10,315,944   9,705,957    9,463,392    9,380,956
Short-term          500          9,239        121,957      27,857       4,220
Borrowings
Securities Sold
Under Agreements to 292,448      262,027      245,486      245,401      219,846
Repurchase
Trust Preferred     111,862      111,862      113,905      111,862      111,862
Securities
Long-term Debt      300,071      312,190      324,923      313,451      324,468
Other Liabilities   135,176      147,842      150,988      151,036      149,947
 Total            11,543,940   11,159,104   10,663,216   10,312,999   10,191,299
Liabilities
Total Shareholders' 1,531,068    1,533,561    1,519,338    1,504,102    1,496,782
Equity
 Total
Liabilities and     $          $          $          $          $  
Shareholders'       13,075,008  12,692,665  12,182,554  11,817,101  11,688,081
Equity





Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                 For The Three Months Ended
INCOME STATEMENT March 31,                            December 31,
                 2013         2012         % Change   2012         % Change
Interest Income  $          $          (2.5%)     $          (7.3%)
                 106,416      109,187                 114,779
Interest Expense 13,545       17,326       (21.8%)    14,789       (8.4%)
 Net Interest  92,871       91,861       1.1%       99,990       (7.1%)
Income
(Reversal of)
Provision for    (3,377)      2,857        (218.2%)   4,866        (169.4%)
Credit Losses
 Net Interest
Income After
(Reversal of )   96,248       89,004       8.1%       95,124       1.2%
Provision for
Loan Losses
Service Charges  6,797        5,980        13.7%      7,295        (6.8%)
ATM / Debit Card 2,183        2,024        7.9%       2,412        (9.5%)
Fee Income
BOLI Proceeds
and Cash         939          951          (1.3%)     909          3.3%
Surrender Value
Income
Mortgage Income  18,931       13,718       38.0%      22,935       (17.5%)
Gain (Loss) on
Sale of          2,359        2,836        (16.8%)    (4)          (59185.2%)
Investments, Net
Title Revenue    5,021        4,533        10.8%      5,492        (8.6%)
Broker           3,534        3,060        15.5%      4,192        (15.7%)
Commissions
Other
Noninterest      4,727        4,294        10.1%      7,123        (33.6%)
Income
 Total
Noninterest      44,491       37,396       19.0%      50,354       (11.6%)
Income
Salaries and
Employee         62,529       54,819       14.1%      60,899       2.7%
Benefits
Occupancy and    15,195       12,719       19.5%      15,176       0.1%
Equipment
Amortization of
Acquisition      1,183        1,290        (8.3%)     1,285        (7.9%)
Intangibles
Other
Noninterest      65,991       31,045       112.6%     36,081       82.9%
Expense
 Total
Noninterest      144,898      99,873       45.1%      113,441      27.7%
Expense
 Income (Loss)
Before Income    (4,159)      26,527       (115.7%)   32,037       (113.0%)
Taxes
Income Taxes     (4,876)      7,134        (168.3%)   8,829        (155.2%)
 Net Income   $       $         (96.3%)    $        (96.9%)
                  717        19,393                  23,208
 Preferred     -            -            -          -            -
Stock Dividends
 Earnings
Available to
Common           717          19,393       (96.3%)    23,208       (96.9%)
Shareholders -
Basic
 Earnings
Allocated to     (20)         (364)        (94.5%)    (428)        (95.3%)
Unvested
Restricted Stock
 Earnings
Available to
Common           697          19,029       (96.3%)    22,780       (96.9%)
Shareholders -
Diluted
Earnings Per     $       $       (96.3%)    $       (96.9%)
Share, Diluted   0.02        0.66                    0.79
Impact of
Non-Operating
Expenses and New $       $        (2063.7%)  $       9742.9%
Accounting       0.84        (0.04)                  0.01
Standard
(Non-GAAP)
Earnings Per
Share, Diluted,
Excluding        $       $       39.2%      $       7.5%
Non-operating    0.86        0.62                    0.80
Expenses
(Non-GAAP)
NUMBER OF SHARES
OUTSTANDING
Basic Shares -
All Classes     29,502,711   29,384,220   0.4%       29,401,395   0.3%
(Average)
Diluted Shares -
Common           28,979,168   28,928,276   0.2%       28,904,317   0.3%
Shareholders
(Average)
Book Value
Shares (Period  29,691,781   29,515,866   0.6%       29,489,745   0.7%
End) ^(1)
                 2013         2012
INCOME STATEMENT First        Fourth       Third      Second       First
                 Quarter      Quarter     Quarter    Quarter      Quarter
Interest Income  $          $          $        $          $  
                 106,416      114,779      111,951   109,283     109,187
Interest Expense 13,545       14,789       15,225     16,111       17,326
 Net Interest  92,871       99,990       96,726     93,172       91,861
Income
(Reversal of)
Provision for    (3,377)      4,866        4,053      8,895        2,857
Credit Losses
 Net Interest
Income After
(Reversal of)    96,248       95,124       92,673     84,277       89,004
Provision for
Loan Losses
Total
Noninterest      44,491       50,354       46,553     41,694       37,396
Income
Total
Noninterest      144,898      113,441      109,848    109,022      99,873
Expense
 Income (Loss)
Before Income    (4,159)      32,037       29,378     16,949       26,527
Taxes
Income Taxes     (4,876)      8,829        8,144      4,389        7,134
 Net Income    $       $         $       $        $    
                  717        23,208       21,234    12,560       19,393
 Preferred     -            -            -          -            -
Stock Dividends
 Earnings
Available to
Common           717          23,208       21,234     12,560       19,393
Shareholders -
Basic
 Earnings
Allocated to     (20)         (428)        (406)      (240)        (364)
Unvested
Restricted Stock
 Earnings
Available to     $       $         $       $        $    
Common            697        22,780       20,828    12,320       19,029
Shareholders -
Diluted
Earnings Per     $       $       $      $       $     
Share, Basic     0.02        0.79         0.73     0.43        0.66
Earnings Per     $       $       $      $       $     
Share, Diluted  0.02        0.79         0.73     0.43        0.66
Book Value Per   $        $        $      $       $     
Common Share     51.33       51.88        51.44     50.68        50.67
Tangible Book    $        $        $      $       $     
Value Per Common 36.93       37.34        37.07     37.28        37.23
Share
Return on        0.02%        0.73%        0.69%      0.43%        0.67%
Average Assets
Return on
Average Common   0.19%        6.02%        5.56%      3.36%        5.21%
Equity
Return on
Average Tangible 0.55%        8.62%        7.91%      4.86%        7.43%
Common 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)
LOANS                March 31,                           December 31,
                     2013         2012         % Change  2012         % Change
Residential          478,617      472,476      1.3%      477,204      0.3%
Mortgage Loans:
Commercial Loans:
 Real Estate       3,587,692    3,263,960    9.9%      3,631,543    (1.2%)
 Business          2,621,644    2,160,583    21.3%     2,537,718    3.3%
 Total          6,209,336    5,424,543    14.5%     6,169,261    0.6%
Commercial Loans
Consumer Loans:
 Indirect          342,117      288,064      18.8%     327,985      4.3%
Automobile
 Home Equity       1,261,171    1,092,989    15.4%     1,251,125    0.8%
 Automobile        66,240       42,458       56.0%     60,240       10.0%
 Credit Card       51,642       46,801       10.3%     52,628       (1.9%)
Loans
 Other            185,852      110,975      67.5%     160,137      16.1%
 Total          1,907,022    1,581,287    20.6%     1,852,115    3.0%
Consumer Loans
 Total Loans   8,594,975    7,478,306    14.9%     8,498,580    1.1%
Allowance for        (189,725)    (177,192)              (251,603)
Credit Losses
 Loans, Net        $          $                    $  
                     8,405,250    7,301,114              8,246,977
ASSET QUALITY DATA   March 31,                           December 31,
^(1)
                     2013         2012         % Change  2012         % Change
Nonaccrual Loans     $         $         (31.7%)   $         (14.4%)
                     463,075     677,619               540,867
Foreclosed Assets    1,375        64           2046.4%   1,473        (6.6%)
Other Real Estate    130,461      126,593      3.1%      120,063      8.7%
Owned
Accruing Loans More
Than 90 Days Past    5,697        7,320        (22.2%)   4,404        29.3%
Due
Total Nonperforming  $         $         (26.0%)   $         (9.9%)
Assets               600,608     811,596               666,807
Loans 30-89 Days     $        $       (5.7%)    $        (30.6%)
Past Due             33,227      35,228                 47,899
Nonperforming
Assets to Total      4.63%        6.88%        (32.7%)   5.08%        (8.8%)
Assets
Nonperforming
Assets to Total      6.87%        10.67%       (35.6%)   7.74%        (11.2%)
Loans and OREO^
Allowance for
Credit Losses to     40.6%        25.9%        56.8%     46.1%        (12.1%)
Nonperforming Loans
^(2)
Allowance for
Credit Losses to     31.6%        21.8%        44.9%     37.7%        (16.2%)
Nonperforming
Assets
Allowance for
Credit Losses to     2.21%        2.37%        (6.8%)    2.96%        (25.4%)
Total Loans
Year to Date         $       $       (15.4%)   $        N/M
Charge-offs          2,103       2,485                10,101
Year to Date         (893)        (790)        12.9%     (5,277)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           1,210       1,695      (28.6%)    4,824      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs           1,210       1,695      (28.6%)      89    1256.9%
(Recoveries)
Quarter to Date Net
Charge-offs to       0.06%        0.09%        (37.8%)   0.00%        1257.5%
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 5 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS (Ex-Covered
Assets and Acquired  March 31,                           December 31,
Impaired Loans)^(1)
                     2013         2012         % Change  2012         % Change
Residential          300,555      235,926      27.4%     289,357      3.9%
Mortgage Loans:
Commercial Loans:
 Real Estate       2,970,535    2,523,749    17.7%     2,935,839    1.2%
 Business          2,531,272    2,032,289    24.6%     2,447,196    3.4%
 Total          5,501,807    4,556,038    20.8%     5,383,035    2.2%
Commercial Loans
Consumer Loans:
 Indirect          342,067      287,935      18.8%     327,916      4.3%
Automobile
 Home Equity       1,088,685    896,687      21.4%     1,072,117    1.5%
 Automobile        66,237       42,445       56.1%     60,232       10.0%
 Credit Card       50,823       45,909       10.7%     51,722       (1.7%)
Loans
 Other            182,600      108,130      68.9%     157,247      16.1%
 Total          1,730,412    1,381,106    25.3%     1,669,234    3.7%
Consumer Loans
 Total Loans   7,532,774    6,173,070    22.0%     7,341,626    2.6%
Allowance for        (74,217)     (75,162)               (79,537)
Credit Losses
 Loans, Net        $          $                    $  
                     7,458,557    6,097,908              7,262,089
ASSET QUALITY DATA
(Ex-Covered Assets
and Acquired         March 31,                           December 31,
Impaired Loans)
^(1)
                     2013         2012         % Change  2012         % Change
Nonaccrual Loans     $        $       9.0%      $        (5.3%)
                     66,659      61,160                 70,354
Foreclosed Assets    48           26           83.7%     14           254.1%
Other Real Estate    26,467       17,714       49.4%     26,366       0.4%
Owned
Accruing Loans More
Than 90 Days Past    2,827        3,338        (15.3%)   1,776        59.2%
Due
Total Nonperforming  $        $       16.7%     $        (2.5%)
Assets               96,001      82,238                 98,510
Loans 30-89 Days     $        $       3.1%      $        (25.0%)
Past Due             15,912      15,429                 21,228
Troubled Debt        18,508       27,339       (32.3%)   17,710       4.5%
Restructurings ^(2)
Current Troubled
Debt Restructurings  2,124        675          214.4%    2,354        (9.8%)
^(3)
Nonperforming
Assets to Total      0.83%        0.83%        (0.3%)    0.85%        (2.3%)
Assets
Nonperforming
Assets to Total      1.27%        1.33%        (4.2%)    1.34%        (5.0%)
Loans and OREO^
Allowance for
Credit Losses to     106.8%       116.5%       (8.3%)    110.3%       (3.1%)
Nonperforming Loans
^(4)
Allowance for
Credit Losses to     77.3%        91.4%        (15.4%)   80.7%        (4.2%)
Nonperforming
Assets
Allowance for
Credit Losses to     0.99%        1.22%        (19.1%)   1.08%        (9.1%)
Total Loans
Year to Date         $       $       (2.3%)    $       N/M
Charge-offs          2,063       2,111                 9,751
Year to Date         (893)        (772)        15.6%     (5,296)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           1,170       1,339      (12.6%)    4,455      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs           1,170       1,339      (12.6%)      91    1180.4%
(Recoveries)
Quarter to Date Net
Charge-offs to       0.06%        0.09%        (28.5%)   0.01%        1172.8%
Average 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 6 - Non-Covered and Net Covered Loan Portfolio Volumes And Yields ($
in Millions)
                1Q 2012        2Q 2012        3Q 2012        4Q 2012        1Q 2013
                Average Yield  Average Yield  Average Yield  Average Yield  Average Yield
                Balance        Balance        Balance        Balance        Balance
Non Covered     $     4.78%  $     4.68%  $     4.55%  $     4.52%  $     4.44%
Loans           6,088          6,374          6,863          7,272          7,504
FDIC Covered    $     15.97% $     16.66% $     18.88% $     17.53% $     16.05%
Loans           1,293          1,219          1,154          1,112          1,039
Covered Loans,
net of          $            $            $            $            $  
Indemnification 1,867   7.45%  1,727   7.44%  1,603   7.60%  1,523   7.68%  1,424   5.35%
Asset
Amortization





Table 7 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                                For The Quarter Ended
                     March 31, 2013                     December 31, 2012       March 31, 2012
                                Average    Average    Average    Average    Average    Average
                     Interest  Balance     Yield/Rate  Balance    Yield/Rate  Balance     Yield/Rate
                                            (%)                     (%)                     (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans       7,458      $       6.32%       $       7.70%       $       7.20%
                                472,112                433,164                470,429
Commercial Loans     88,437     6,205,785   5.80%       6,101,343   6.13%       5,362,517   6.82%
(TE) ^(1)
Consumer and Other   27,172     1,865,641   5.91%       1,849,711   6.28%       1,548,242   6.33%
Loans
Total Loans         123,067    8,543,538   5.85%       8,384,218   6.25%       7,381,188   6.74%
Loss Share           (27,702)   384,319     -28.83%     411,328     -26.83%     573,776     -19.26%
Receivable
 Total Loans
and Loss Share       95,365     8,927,857   4.36%       8,795,546   4.70%       7,954,964   4.87%
Receivable
Mortgage Loans Held  1,325      178,387     2.97%       212,432     2.96%       117,186     3.58%
for Sale
Investment
Securities (TE)      8,861      2,042,275   1.92%       1,896,092   2.09%       1,987,202   2.51%
^(1)(2)
Other Earning       865        678,917     0.52%       486,544     0.61%       384,861     0.71%
Assets
Total Earning       106,416    11,827,436  3.70%       11,390,614  4.06%       10,444,213  4.25%
Assets
Allowance for                  (245,384)               (196,634)               (185,952)
Credit Losses
Nonearning Assets               1,492,956               1,498,685               1,429,820
Total Assets                    $                     $                     $  
                                13,075,008              12,692,665              11,688,081
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
 NOW Accounts   1,944      $        0.32%       $        0.34%       $        0.40%
                                2,464,922               2,207,032               1,924,371
 Savings and
Money Market         3,556      4,170,123   0.35%       3,935,675   0.43%       3,481,073   0.51%
Accounts
 Certificates   4,654      2,130,948   0.89%       2,244,876   0.90%       2,445,008   1.26%
of Deposit
 Total
Interest-bearing     10,154     8,765,993   0.47%       8,387,583   0.53%       7,850,452   0.72%
Deposits
 Short-term        141        292,948     0.19%       271,266     0.21%       224,066     0.25%
Borrowings
 Long-term Debt    3,250      411,933     3.16%       424,052     3.17%       436,331     2.92%
 Total
Interest-bearing     13,545     9,470,874   0.58%       9,082,901   0.65%       8,510,849   0.82%
Liabilities
Noninterest-bearing             1,937,890               1,928,361               1,530,504
Demand Deposits
Noninterest-bearing             135,176                 147,842                 149,946
Liabilities
 Total                  11,543,940              11,159,104              10,191,299
Liabilities
Shareholders'                   1,531,068               1,533,561               1,496,782
Equity
 Total
Liabilities and                 $                     $                     $  
Shareholders'                   13,075,008              12,692,665              11,688,081
Equity
Net Interest Spread             $       3.12%       $       3.41%       $       3.43%
                                 92,871                99,990                91,861
Tax-equivalent                  2,464       0.08%       2,449       0.08%       2,372       0.09%
Benefit
Net Interest Income             $                   $                   $    
(TE) / Net Interest              95,335   3.23%       102,439    3.55%        94,233   3.59%
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 8 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(dollars in thousands, except per share data)
                                 For The Quarter Ended
                                 March 31, 2013  December 31,    March 31,
                                                 2012            2012
Net Interest Income (GAAP)       $         $         $      
                                    92,871        99,990     91,861
Effect of Tax Benefit on         2,464           2,449           2,372
Interest Income
Net Interest Income (TE)         95,335          102,439         94,233
(Non-GAAP) ^(1)
Noninterest Income (GAAP)        44,491          50,354          37,396
Effect of Tax Benefit on         506             489             512
Noninterest Income
Noninterest Income (TE)          44,997          50,843          37,908
(Non-GAAP) ^(1)
Taxable Equivalent Revenues      140,332         153,282         132,141
(Non-GAAP) ^(1)
 Securities Losses (Gains)     (2,359)         4               (2,836)
 Impact of New Accounting     5,453           -               -
Standard
 Other noninterest income      -               (2,196)         -
Taxable Equivalent Operating     $         $         $      
Revenues (Non-GAAP) ^(1)           143,426        151,090     129,305
Total Noninterest Expense        $         $         $      
(GAAP)                             144,898        113,441      99,873
Less Intangible Amortization     (1,183)         (1,285)         (1,290)
Expense
Tangible Noninterest Expense     143,715         112,156         98,583
(Non-GAAP) ^(2)
Merger-related expenses          157             1,183           500
Severance expenses               97              370             219
Occupancy expenses and branch    375             711             -
closure expenses
Impairment of indemnification    31,813          -               -
asset
Debt prepayment                  2,307           -               -
Professional expenses and        -               339             220
litigation settlements
Tangible Operating Noninterest   $         $         $      
Expense (Non-GAAP) ^(2)            108,966        109,553      97,644
Return on Average Common Equity  0.19%           6.02%           5.21%
(GAAP)
Effect of Intangibles ^(2)       0.36%           2.60%           2.22%
Effect of Non Operating          9.04%           0.09%           -0.53%
Revenues and Expenses
Operating Return on Average
Tangible Common Equity           9.59%           8.71%           6.90%
(Non-GAAP) ^(2)
Efficiency Ratio (GAAP)          105.5%          75.5%           77.3%
 Effect of Tax Benefit        (2.2%)          (1.5%)          (1.7%)
Related to Tax Exempt Income
 Efficiency Ratio (TE)         103.3%          74.0%           75.6%
(Non-GAAP) ^(1) 
 Effect of Amortization of    (0.8%)          (0.8%)          (1.0%)
Intangibles
 Effect of
Non-OperatingItems and New      (26.5%)         (0.7%)          0.9%
Accounting Standard
Tangible Operating Efficiency    76.0%           72.5%           75.5%
Ratio (TE)(Non-GAAP) ^(1) (2)





Table 9 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES^(1)
(dollars in thousands)
                For The Quarter Ended
                March 31, 2013             December 31, 2012          March 31, 2012
                Dollar Amount              Dollar Amount              Dollar Amount
                Pre-tax After-tax Per    Pre-tax After-tax Per    Pre-tax After-tax Per
                         ^(2)      share           (2)       share           (2)       share
                $     $     $     $     $     $     $     $     $  
Net Income                                                   
(Loss) (GAAP)   (4,159)   717     0.02   32,037   23,208   0.79           19,393    0.66
                                                                      26,527
Noninterest
income
adjustments
Loss (Gain) on
sale of         (2,359)  (1,533)   (0.05)  4        3         (0.00)  (2,836)  (1,843)   (0.06)
investments
Other
noninterest     -        -         -       (2,196)  (1,427)   (0.05)  -        -         -
income
Noninterest
expense
adjustments
Merger-related  157      102       0.00    1,183    769       0.03    500      325       0.01
expenses
Severance       97       63        0.00    370      241       0.01    219      142       0.00
expenses
Impairment of
indemnification 31,813   20,678    0.70    -        -         -       -        -         -
asset
Debt prepayment 2,307    1,500     0.05    -        -         -       -        -         -
Occupancy
expenses and    375      244       0.01    711      462       0.02    -        -         -
branch closure
expenses
Professional
expenses and    -        -         -       339      220       0.01    220      143       0.01
litigation
settlements
Operating
earnings        28,231   21,771    0.74    32,448   23,476    0.80    24,630   18,160    0.62
(Non-GAAP) ^(3)
Covered and
acquired
impaired loan   565      367       0.01    4,504    2,928     0.10    1,853    1,205     0.04
provision for
credit losses
Other (reversal
of) provision   (3,941)  (2,562)   (0.09)  362      235       0.01    1,004    652       0.02
for credit
losses
Pre-provision   $     $     $     $     $     $     $     $     $  
operating                                                  
earnings                19,576                   26,639   0.91         20,017    0.68
(Non-GAAP) ^(3) 24,855            0.66   37,314                    27,487
                $     $     $     $     $     $     $     $     $  
Net Income                                                 
(Loss) (GAAP)             717                 23,208   0.79         19,393    0.66
                (4,159)           0.02   32,037                    26,527
Impact of
adoption of new 5,453    3,544     0.12    -        -         -       -        -         -
accounting
standard ^(4)
Earnings less   $     $     $                                $   
impact of new                  $     $     $          $     $  
accounting                                                       
standard        1,294    4,262    0.14   32,037  23,208   0.79   26,527   19,393    0.66
(Non-GAAP)
Operating
earnings
including the   $     $     $     $     $     $     $     $     $  
impact of the                                              
adoption of new        21,771       32,448  23,476    0.80         18,160    0.62
accounting      28,231             0.74                              24,630
standard
(Non-GAAP)
Impact of
adoption of new 5,453    3,544     0.12    -        -         -       -        -         -
accounting
standard ^(4)
Operating
earnings less   $     $     $     $     $     $     $     $     $  
impact of new                                               
accounting             25,315       32,448   23,476   0.80         18,160    0.62
standard        33,684             0.86                              24,630
(Non-GAAP)
(1) Per share amounts may not appear to foot due to rounding
(2) After-tax amounts estimated based on a 35% marginal tax rate
(3) Includes the impact of the adoption of ASU 2012-06 in the three month period ending March
31, 2013
(4) Adjustments represent additonal amortization on the Company's loss share receivable due to
the adoption of ASU 2012-06 in the three month period ending March 31, 2013. The amount
included above represents the incremental amortization as calculated using the yield on the
covered portfolio for the three month period ending December 31, 2012. The Company expects the
additional amortization (calculated on the same basis as the amount above) over the next four
quarters to be as follows:
    Quarter     Pre-tax  After-tax Per
    Ended       Amount   Amount    Share
                         ^(2)      ^(5)
                $     $     $  
    6/30/2013               
                              
                4,265    2,772    0.09
    9/30/2013   3,757    2,442     0.08
    12/31/2013  3,158    2,053     0.07
    3/31/2014   2,723    1,770     0.06
(5) Per share amounts have been calculated using a sharecount that is consistent with the fully
diluted sharecount for the quarter ended March 31, 2013





SOURCE IBERIABANK Corporation

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