IBERIABANK Corporation Reports Third Quarter Results

             IBERIABANK Corporation Reports Third Quarter Results

PR Newswire

LAFAYETTE, La., Oct. 22, 2013

LAFAYETTE, La., Oct. 22, 2013 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ:
IBKC), holding company of the 126-year-old IBERIABANK (www.iberiabank.com),
reported operating results for the third quarter ended September 30, 2013.
For the quarter, the Company reported income available to common shareholders
of $23 million, or $0.78 fully diluted earnings per share. In the third
quarter of 2013, the Company incurred costs to implement previously disclosed
earnings improvement initiatives and other non-operating costs equal to $2.2
million on a pre-tax basis, or $0.05 per share on an after-tax basis.
Excluding those items, EPS in the third quarter of 2013 was $0.83 per share on
a non-GAAP operating basis, compared to $0.69 per share in the second quarter
of 2013 (refer to press release supplemental table).

Daryl G. Byrd, President and Chief Executive Officer, commented, "During the
third quarter of 2013, we experienced solid growth in loans and deposits and a
fairly stable margin during the third quarter. The decline in mortgage
activity in the third quarter was offset by excellent growth in other fee
income products and services. We are very pleased with the progress we
achieved in our profitability improvement initiative during the third
quarter. Our enhanced efficiency efforts included closing or consolidating 10
bank branches and three mortgage locations as we fine-tune our distribution
system. This is an ongoing,proactiveeffort and we anticipate additional
expense savings and revenue enhancements to be realized over the next few
quarters. We remain focused on achieving the EPS guidance we projected for
the investment community and our shareholders."

Highlights for the Third Quarter of 2013 and September 30, 2013:

  oThe net interest margin declined two basis points on a linked quarter
    basis to 3.37%. Management stated comfort with expectations for the net
    interest margin in the fourth quarter of 2013 to be near the upper-end of
    the previously disclosed guidance range of 3.30% to 3.35%.
  oThe Company's profitability improvement initiatives have achieved
    aggregate annual run-rate benefits in excess of $21 million. In the third
    quarter of 2013, operating expenses declined $4 million, or 4%, on a
    linked quarter basis.
  oGross loan growth was $295 million, or 4%, between quarter-ends (16%
    annualized rate), excluding all assets covered under under FDIC loss share
    agreements and other non-coveredacquired assets (collectively "Acquired
    Assets").
  oTotal deposits increased $309 million, or 3%, between quarter-ends (12%
    annualized rate). Noninterest bearing deposits increased $474 million, or
    23%, and time deposits decreased $104 million, or 5%, during the third
    quarter. Approximately 52% of the noninterest bearing deposit increase
    during the third quarter was the result of organic client growth and 48%
    due to a shift in interest-bearing deposits into noninterest bearing
    deposits. At September 30, 2013, noninterest bearing deposits equated to
    23% of total deposits.
  oThe Company's legacy asset quality continued to be strong in the third
    quarter of 2013. Nonperforming assets ("NPAs"), excluding Acquired
    Assets, equated to 0.66% of total assets at September 30, 2013, compared
    to 0.69% at June 30, 2013. On that basis, loans past due 30 days or more
    equated to 0.75% of total loans at September 30, 2013, compared to 0.88%
    at June 30, 2013. Classified assets excluding Acquired Assets decreased
    $20 million, or 20%, during the third quarter, and decreased from 0.85% of
    total assets at June 30, 2013, to 0.66% at September 30, 2013.
  oThe Company recorded a $2 million loan loss provision in the third quarter
    of 2013, unchanged on a linked quarter basis. Net charge-offs totaled
    $239,000 in the third quarter of 2013 (the second lowest level of net
    charge-offs in the Company's history), or an annualized 0.01% of average
    loans, compared to 0.05% of average loans in the second quarter of 2013,
    and 0.05% of average loans over the past seven quarters.
  oCapital ratios remained strong. At September 30, 2013, the Company's
    tangible common equity ratio was 8.64%, Tier 1 common ratio was 10.95%,
    and total risk based capital ratio was 13.28%.

Table A - Summary Financial Results
                          For the Quarter Ended:                   Linked
                                                                   Quarter
Selected Financial Data   9/30/2012  6/30/2013         9/30/2013   % Change
Net Income ($ in          $  21,234 $           $        49%
thousands)                           15,590           23,192
Per Share Data:
Fully Diluted Earnings   $       $         $      48%
                          0.73       0.53            0.78
Operating Earnings        0.83       0.69              0.83        21%
(Non-GAAP)
Pre-provision Operating   0.92       0.73              0.89        21%
Earnings (Non-GAAP)
Tangible Book Value      37.07      36.30             37.00       2%
                          As of and for the Quarter Ended:         Linked
                                                                   Quarter
                                                                   Basis Point
Key Ratios               9/30/2012  6/30/2013         9/30/2013   Change
Return on Average Assets  0.69%      0.49%             0.71%       22     bps
Return on Average Common  5.56%      4.09%             6.08%       199    bps
Equity
Return on Average
Tangible Common Equity    7.91%      5.96%             8.74%       278    bps
(Non-GAAP)
Net Interest Margin (TE)  3.58%      3.39%             3.37%       (2)    bps
^(1)
Tangible Efficiency Ratio 74.3%      81.9%             74.5%       (737)  bps
(TE) ^(1)(Non-GAAP)
Tangible Common Equity    9.01%      8.69%             8.64%       (5)    bps
Ratio (Non-GAAP)
Tier 1 Leverage Ratio     10.01%     9.59%             9.65%       6      bps
Tier 1 Common Ratio       12.04%     11.08%            10.95%      (13)   bps
(Non-GAAP)
Total Risk Based Capital  14.54%     13.45%            13.28%      (17)   bps
Ratio
Net Charge-Offs to        0.12%      0.06%             0.02%       (4)    bps
Average Loans ^(2)
Nonperforming Assets to   0.65%      0.69%             0.66%       (3)    bps
Total Assets ^(2)
                          For the Quarter Ended:
                          GAAP                         Non GAAP
Adjusted Selected Key     9/30/2013  Adjustments^(3)   9/30/2013
Ratios
Return on Average Assets  0.71%      0.05%             0.76%
Return on Average Common  6.08%      0.38%             6.46%
Equity
Return on Average
Tangible Common Equity    8.74%      0.53%             9.27%
(Non-GAAP)
Tangible Efficiency Ratio 74.5%      (1.6%)            73.0%
(TE)^(1)(Non-GAAP)
^(1) Fully taxable equivalent basis.
^(2) Excluding FDIC Covered Assets and Acquired Assets.
^(3) Adjusted results exclude the income statement impact of the
non-operating items included in

 Table 11, 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 $89 million, or
1%, as average loans and the FDIC receivable increased $186 million, or 2%,
average investment securities increased $34 million, or 2%, and other earning
assets declined $132 million, or 26%. Also on a linked quarter basis, the
average earning asset yield decreased six basis points, and the cost of
interest bearing liabilities decreased two basis points. As a result, the
tax-equivalent net interest margin declined two basis points. Tax-equivalent
net interest income increased  $0.9 million, or 1%, as the growth in average
earning assets offset the slight decline in the net interest margin.

Table B - Quarterly Average Yields/Cost ^(1)
                                  For Quarter Ended:            Linked Quarter
                                                                Basis Point
                                  9/30/2012 6/30/2013 9/30/2013 Change
Investment Securities             2.22%     1.92%     1.98%     6        bps
Covered Loans, net of loss share  7.60%     5.11%     3.66%     (145)    bps
receivable
Noncovered Loans                  4.55%     4.40%     4.39%     (1)      bps
Loans & Loss Share Receivable     4.71%     4.35%     4.21%     (14)     bps
Mortgage Loans Held For Sale      3.21%     3.17%     4.32%     115      bps
Other Earning Assets              0.85%     0.87%     0.89%     2        bps
 Total Earning Assets            4.14%     3.80%     3.74%     (6)      bps
Interest Bearing Deposits         0.58%     0.42%     0.40%     (2)      bps
Short-Term Borrowings             0.21%     0.16%     0.14%     (2)      bps
Long-Term Borrowings              3.10%     3.39%     3.37%     (2)      bps
 Total Interest Bearing          0.69%     0.51%     0.49%     (2)      bps
Liabilities
Net Interest Spread               3.45%     3.29%     3.25%     (4)      bps
Net Interest Margin               3.58%     3.39%     3.37%     (2)      bps
^(1) Earning asset yields are shown on a fully taxable equivalent basis.

The average investment yield improved six basis points during the third
quarter of 2013 as a result of reduced bond premium amortization.

The non-covered loan yield declined one basis point as many of the major loan
categories experienced fairly stable yields between quarters. The covered
loan yield (net of loss share receivable amortization) decreased 145 basis
points and the associated covered income declined $4 million, or 35%. The
decline in covered income was $2 million less than projected primarily due to
accelerated FDIC Indemnification Asset ("IA") amortization as cash flow
improvements during the quarter contributed to higher levels of amortization.

For the fourth quarter of 2013, the Company projects the prospective yield on
the covered loan portfolio net of the IA to approximate 4.11%, compared to
3.66% in the third quarter. The average balance of the net covered loan
portfolio is projected to decline approximately $101 million, based on current
cash flow assumptions and estimates. Net income on the covered loan portfolio
is projected to remain fairly stable between the third and fourth quarters of
2013.

On a period-end basis, the IA declined $36 million, or 15%, from $241 million
at June 30, 2013 to $205 million at September 30, 2013. The portion of the IA
collectible from the FDIC decreased $23 million, or 26%, while the collectible
portion from OREO and customers declined $13 million, or 9%.

In the third quarter of 2013, the Company recorded net charge-offs of
$239,000, or 0.01% of average loans on an annualized basis and an aggregate
provision for credit losses totaling $3.6 million that was divided into two
parts – a $2 million provision for loan losses and a $1.6 million provision
for unfunded lending commitments, the latter of which is included in
noninterest expense.

Aggregate noninterest income increased less than $1 million, or 2%, on a
linked quarter basis. The primary changes in noninterest income on a linked
quarter basis were:

  oDecreased mortgage income of $2.5 million, or 14%;
  oDecreased title revenue of $0.2 million, or 4%; offset by
  oIncreased deposit service charge income of $0.4 million, or 6%;
  oIncreased ATM and debit card income of $0.1 million, or 5%; and
  oIncreased clientderivative income of $1.8 million.

The rapidly changing interest rate environment and greater client preferences
for long-term fixed rate financing resulted in enhanced client interest in
loan interest rate derivative-related transactions. As a result, the Company
has experienced a substantial increase in the level of interest rate
derivative activity executed on behalf of clients, and thus, a significant
increase in customer derivative commission income over the last several
quarters.

The $2.5 million decline in mortgage income was the result of lower production
and sales volumes and lower net valuations of derivatives and mortgage loans
held for sale due primarily to the changing interest rate environment. The
decline in income was partially offset by a $1.9 million reduction in mortgage
commission and mortgage production incentives expense (included in noninterest
expense).

In the third quarter of 2013, the Company originated $507 million in
residential mortgage loans, down $165 million, or 25%, on a linked quarter
basis. The decrease in origination volume was the result of the unprecedented
rapid increase in mortgage loan rates during the third quarter. Client loan
refinancing opportunities accounted for approximately 19% of mortgage loan
applications in the third quarter of 2013, compared to 31% in the second
quarter of 2013, and approximately 18% between September 30, 2013, and October
11, 2013. The Company sold $552 million in mortgage loans during the third
quarter of 2013, down $132 million, or 19%, on a linked quarter basis.
Margins on the sale of mortgage loans declined approximately 20 basis points
on a linked quarter basis. The mortgage origination pipeline was
approximately $182 million at September 30, 2013, compared to $265 million at
June 30, 2013, and was approximately $191 million at October 11, 2013.
Mortgage loan repurchases and make-whole payments were approximately $0.1
million in the third quarter of 2013, down compared to the second quarter of
2013. The Company's mortgage business primarily focuses on retail mortgage
loans originated through the Company's origination staff; less than 0.5% of
originations year-to-date were purchased through correspondent mortgage loan
providers (primarily for community reinvestment-related loan opportunities).

Assets under management at IBERIA Wealth Advisors ("IWA") were $1.1 billion at
September 30, 2013, up 1% compared to June 30, 2013. Income for IWA and
IBERIA Capital Partners ("ICP") increased 7% and 5%, respectively, on a linked
quarter basis. ICP experienced modestly lower investment banking income in
the third quarter but very strong sales and trading revenues.

Noninterest expense decreased $9 million, or 8%, on a linked quarter basis and
included the following changes:

  oDecreased mortgage commissions and production incentives of $1.9 million;
  oDecreased legal and professional expenses of $0.9 million;
  oDecreased base pay of $0.7 million;
  oDecreased marketing and business development expense of $0.7 million;
  oDecreased OREO property costs of $0.7 million;
  oDecreased ATM/debit card expense of $0.6 million; partially offset by
  oIncreased provision for unfunded lending commitments of $1.1 million; and
  oIncreased merger and conversion-related expense of $0.1 million.

Excluding non-operating expenses, total expenses declined $4 million, or 4%,
from $110 million in the second quarter of 2013 to $106 million in the third
quarter of 2013.

During the third quarter, total headcount at the Company declined by 52
associates on a full-time equivalent basis, or 2%. In aggregate since March
31, 2013, the net headcount reduction equated to163 associates, or 6% of
total headcount. These figures do not include the favorable impact of reduced
temporary and overtime costs. While additional expense and revenue
improvement initiatives continue in earnest throughout the Company with
significant future benefits projected, management stated the specific
initiatives outlined to date have been fully executed upon and the targeted
benefits have been achieved in aggregate as anticipated.

Loans

Total loans increased $140 million, or 2%, between June 30, 2013 and September
30, 2013. The loan portfolio associated with FDIC-assisted acquisitions at
September 30, 2013, decreased $111 million, or 12%, compared to June 30,
2013. Excluding Acquired Assets,total loans increased $295 million, or 4%
(16% annualized rate) during the third quarter. Legacy commercial loans
increased $153 million, or 3% (which included $34 million in business banking
loan growth, up 5%, or 18% annualized rate), legacy consumer loans increased
$77 million, or 5%, and legacy mortgage loans increased $64 million, or 20%,
during the quarter. Loan origination and renewal growth during the third
quarter of 2013 were strongest in the Houston, Arkansas, and Baton Rouge
markets. Loan origination mix in the third quarter of 2013 was 57% fixed rate
and 43% floating rate and total loans outstanding (excluding nonaccruals) were
52% fixed and 48% floating. Loans and commitments originated and/or renewed
during the third quarter of 2013 totaled $1.2 billion (down 6% on a linked
quarter basis). Energy-related loans outstanding totaled $674 million at
September 30, 2013, up $12 million, or 2%, compared to June 30, 2013, and
equated to approximately 7% of total loans. The Company had no student loans
outstanding at September 30, 2013.

Table C - Period-End Loans ($ in Millions)
           Period-End Balances ($
           Millions)
                                    % Change                      Mix
           9/30/12 6/30/13 9/30/13  Year/Year Qtr/Qtr Annualized  6/30/13 9/30/13
Commercial $     $     $      19%       3%      11%         61%     61%
           4,669   5,388   5,541
Consumer   1,485   1,711   1,788    20%       5%      18%         19%     20%
Mortgage   231     326     390      69%       20%     79%         4%      4%
Legacy     $     $     $      21%       4%      16%         84%     85%
Loans      6,385   7,425   7,720
Acquired   705     560     516      -27%      -8%     -31%        6%      6%
Loans
Covered    1,139   918     807      -29%      -12%    -48%        10%     9%
Loans
Total      $     $     $      10%       2%      6%          100%    100%
Loans      8,230   8,903   9,043



Deposits

Total deposits increased $309 million, or 3% (12% annualized rate), from June
30, 2013 to September 30, 2013. Noninterest bearing deposits increased $474
million, or 23%, and equated to 23% of total deposits at September 30, 2013,
while NOW accounts decreased $348 million, or 14%. Approximately $246
million, or 48% of the change in noninterest bearing deposit volume, was the
result of a transition of interest bearing NOW accounts into noninterest
bearing deposits. The differential in rate on the transitioned deposits was
three basis points. During the third quarter of 2013, the Company retained
95% of the deposit balances that were transferred to noninterest bearing
deposits.

Money market and savings account volume increased $287 million, or 7%, between
June 30, 2013 and September 30, 2013. Time deposits declined $104 million, or
5% between quarter-ends. Period-end deposit growth during the third quarter
of 2013 was strongest in the Houston, Baton Rouge, Little Rock, Mobile, and
Montgomery markets.

Table D - Period-End Deposits ($ in Millions)
Deposits
             Period-End Balances ($
             Millions)
                                      % Change                      Mix
             9/30/12 6/30/13 9/30/13  Year/Year Qtr/Qtr Annualized  6/30/13 9/30/13
Noninterest  $ 1,852 $ 2,055 $ 2,529  37%       23%     92%         19%     23%
NOW Accounts 2,039   2,485   2,137    5%        -14%    -56%        23%     20%
Savings/MMkt 3,791   4,134   4,421    17%       7%      28%         39%     40%
Time         2,231   1,968   1,864    -16%      -5%     -21%        19%     17%
Deposits
Total        $ 9,913 $10,642 $10,951  10%       3%      12%         100%    100%
Deposits



On an average balance and linked quarter basis, noninterest-bearing deposits
increased $329 million, or 16%, and interest-bearing deposits decreased $239
million, or 3%. The rate on average interest-bearing deposits in the third
quarter of 2013 was 0.40%, a decrease  of two basis points on a linked quarter
basis. Approximately $1.6 billion in time deposits are scheduled to re-price
over the next 12 months at a weighted average cost of 0.63%. An additional
$0.2 billion in time deposits are scheduled to re-price the following 12
months at a weighted average cost of 1.07%. During the third quarter of 2013,
new and re-priced time deposits were booked at an average cost of 0.31%. The
Company experienced a time deposit retention rate of 87% in the third quarter
of 2013 with an average 34 basis point reduction in rate.

Other Assets And Funding

Excess liquidity averaged $213 million in the third quarter of 2013, down $81
million, or 28%, on a linked quarter basis. The investment portfolio remained
stable at $2.1 billion on average in the third quarter of 2013. On a
period-end basis, the investment portfolio equated to $2.1 billion, or 16% of
total assets at September 30, 2013, unchanged compared to June 30, 2013. The
investment portfolio had a modified duration of 3.5 years at September 30,
2013, down compared to 3.9 years at June 30, 2013. At current prepayment
speeds, the investment portfolio is projected to create cash flows of
approximately $434 million over the next 15 months, or 21% of the total
investment portfolio. The Company estimates that a potential increase in
interest rates of 100 and 200 basis points at September 30, 2013 would extend
the duration of the investment portfolio by 0.6 and 0.8 years, respectively.
The investment portfolio went from an $8 million unrealized loss at June 30,
2013, to a $3 million unrealized loss at September 30, 2013. The average
yield on investment securities increased six basis points on a linked quarter
basis to 1.98% in the third quarter of 2013. The Company holds in its
investment portfolio primarily government agency securities. Municipal
securities comprised only 9% of total investments at September 30, 2013. The
Company holds no sovereign debt, corporate debt or equity securities, or
derivative exposure to foreign counterparties.

On a linked quarter basis, average long-term debt decreased $11 million, or
4%, and the cost of debt decreased two basis points to 3.37%. The cost of
average interest bearing liabilities was 0.49% in the third quarter of 2013, a
decrease of two basis points on a linked quarter basis.

Asset Quality

To provide additional consistency and transparency for financial reporting of
Acquired Assets, the Company divides Acquired Assets into five distinct
categories:

1.Legacy assets that were originated and not acquired;
2.Acquired Assets that are scheduled to lose FDIC loss share coverage over
    the next 12 months;
3.Acquired Assets that will continue to be covered under FDIC loss share
    coverage beyond the next 12 months;
4.Acquired Assets not covered under FDIC loss share agreements using SOP
    accounting treatment (in accordance with ASC Topic 310-30); and
5.Acquired Assets not covered under FDIC loss share agreements not using SOP
    accounting treatment.



Table E – Legacy Asset Quality Summary

Excludes the impact of all Acquired Assets (FDIC-assisted acquisitions and
other acquisitions, impaired and not impaired)
                          For Quarter Ended:             % or Basis Point
                                                         Change
 ($ thousands)        9/30/2012 6/30/2013 9/30/2013  Year/Year   Qtr/Qtr
Nonperforming Assets      $ 66,444  $ 76,033  $         14%         0%
                                              75,863
Past Due Loans            58,487    65,316    57,662     -1%         -12%
Classified Assets         144,090   97,818    78,059     -46%        -20%
Nonperforming             0.65%     0.69%     0.66%      1     bps (3)  bps
Assets/Assets
NPAs/(Loans + OREO)       1.04%     1.02%     0.98%      (6)   bps (4)  bps
Classified Assets/Assets  1.32%     0.85%     0.66%      (66)  bps (19) bps
(Past Dues &              0.92%     0.88%     0.75%      (17)  bps (13) bps
Nonaccruals)/Loans
Provision For Loan        $   226 $  4,949 $         1169%       -42%
Losses                                        2,868
Net                       1,923     1,028     303        -84%        -71%
Charge-Offs/(Recoveries)
Provision Less Net        $         $  3,921 $         251%        -35%
Charge-Offs               (1,697)            2,565
Net Charge-Offs/Average   0.12%     0.06%     0.02%      (11)  bps (4)  bps
Loans
Allowance For Loan        1.21%     0.83%     0.83%      (37)  bps 0    bps
Losses/Loans
Allowance for Credit      1.21%     0.97%     0.99%      (22)  bps 2    bps
Losses to Total Loans

Legacy NPAs at September 30, 2013 were $76 million, essentially unchanged
compared to June 30, 2013. NPAs equated to 0.66% of total assets at September
30, 2013, compared to 0.69% of total assets at June 30, 2013. Loans past due
30 days or more (including nonaccruing loans) decreased $8 million, or 12%,
and represented 0.75% of total loans at September 30, 2013, compared to 0.88%
at June 30, 2013. Classified assets declined $20 million, or 20%, during the
third quarter of 2013.

Table F provides a breakdown of Acquired Assets under the other four
categories pertaining to Acquired Assets and the asset quality performance
measures associated with Acquired Assets in each category.

Table F – Acquired Assets By Portfolio Type

All FDIC-assisted acquisitions and other acquired loans (impaired and not
impaired)
                          Covered Assets            Non-Covered
                                                    Acquired Assets
                                          Losing
                          Continued Loss  Loss                       Total
                          Share Coverage  Share     SOP      Non-SOP Acquired
                          beyond next 12  Coverage  Assets   Assets  Assets
                          Months         within
 ($ thousands)                        next 12
                                          Months
                          $        $     $        $    $    
Loans, net                731,225              484,901        
                                          75,777            31,561 1,323,464
Other Real Estate Owned   82,137          4,962     11,281   -       98,380
Allowance for Loan Losses (65,596)        (13,455)  (5,329)  -       (84,380)
                          $        $     $       $    $    
Nonaccrual loans          225,252              42,480        
                                          30,059             62   297,853
Foreclosed assets         1,483           -         67       -       1,550
Other real estate owned   80,654          4,962     11,214   -       96,830
Accruing Loans More Than  7,191           -         2,235    -       9,426
90 Days Past Due
Nonperforming Assets      314,580         35,021    55,996   62      405,659
                          $        $     $       $    $    
Total Past Due Loans      221,925              50,374        
                                          48,847            172    321,318
NPAs/(Loans + OREO)       38.68%          43.38%    11.29%   0.20%   28.53%
(Past Dues &              30.35%          64.46%    10.39%   0.54%   24.28%
Nonaccruals)/Loans
                          $        $     $       $    $    
Provision For Loan Losses    588           (1,455)         
                                            13             -     (854)
Net                       (49)            -         (35)     20      (64)
Charge-Offs/(Recoveries)
Provision Less Net        $        $     $       $    $    
Charge-Offs                  637           (1,420)         
                                            13             (20)   (790)
Net Charge-Offs/Average   -0.03%          0.00%     -0.03%   0.25%   -0.02%
Loans
Allowance for Loan        8.97%           17.76%    1.10%    0.00%   6.38%
Losses/Loans
Allowance for Credit      10.81%          0.00%     1.10%    0.00%   6.38%
Losses to Total Loans

Capital Position

The Company maintains favorable capital strength. At September 30, 2013, the
Company reported a tangible common equity ratio of 8.64%, down five basis
points compared to June 30, 2013. At September 30, 2013, the Company's
preliminary Tier 1 leverage ratio was 9.65%, up six basis points compared to
June 30, 2013. The Company's preliminary total risk-based capital ratio at
September 30, 2013 was 13.28%, down 18 basis points compared to June 30,
2013. The decline in the risk-based capital ratio was due in part to the
redeployment of FDIC-loan pay downs that carried a 20% risk weighting into
non-covered loans that carried a higher risk weighting.

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

At September 30, 2013, book value per share was $51.30, up $0.65 per share
compared to June 30, 2013. Tangible book value per share was $37.00, up $0.70
per share compared to June 30, 2013. Based on the closing stock price of the
Company's common stock of $57.55 per share on October 22, 2013, this price
equated to 1.12 times September 30, 2013 book value and 1.55 times September
30, 2013 tangible book value per share.

On September 17, 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 2.36%.

IBERIABANK Corporation

IBERIABANK Corporation is a financial holding company with 267 combined
offices, including 170 bank branch offices and four LPOs in Louisiana,
Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title insurance offices
in Arkansas and Louisiana, mortgage representatives in 63 locations in 12
states, eight locations with representatives of IBERIA Wealth Advisors in four
states, and one IBERIA Capital Partners, L.L.C. office in New Orleans.

The Company's common stock trades on the NASDAQ Global Select Market under the
symbol "IBKC." The Company's market capitalization was approximately $1.7
billion, based on the NASDAQ closing stock price on October 22, 2013.

The following 12 investment firms currently provide equity research coverage
on IBERIABANK Corporation:

  oBank of America Merrill Lynch
  oFIG Partners, LLC
  oJefferies & Co., Inc.
  oKeefe, Bruyette & Woods
  oMerion Capital Group
  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 Wednesday, October
23, 2013, beginning at 8:00 a.m. Central Time by dialing 1-800-553-5260. The
confirmation code for the call is 304685. A replay of the call will be
available until midnight Central Time on October 30, 2013 by dialing
1-800-475-6701. The confirmation code for the replay is 304685. 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 ,our
ability to satisfy new capital and liquidity standards such as those imposed
by the Dodd-Frank Act and those adopted by the Basel Committee and federal
banking regulators, sufficiency of our allowance for loan losses, changes in
interest rates, access to funding sources, reliance on the services of
executive management, competition for loans, deposits and investment dollars,
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, subsequent Quarterly Reports on Form 10-Q, 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
                 September 30,                        June 30,
                 2013         2012         % Change     2013        % Change
Income Data (in
thousands):
 Net Interest    $       $                    $    
 Income            97,452            1%             96,482  1%
                              96,726
 Net Interest
 Income         99,773       99,143       1%           98,878      1%
 (TE)^ (1)
 Net Income     23,192       21,234       9%           15,590      49%
 Earnings
 Available to
 Common          23,192       21,234       9%           15,590      49%
 Shareholders-
 Basic
 Earnings
 Available to
 Common          22,767       20,828       9%           15,297      49%
 Shareholders-
 Diluted
Per Share Data:
 Earnings
 Available to    $       $                    $    
 Common                          7%                   49%
 Shareholders -  0.78         0.73                     0.53
 Basic
 Earnings
 Available to
 Common          0.78         0.73         7%           0.53        48%
 Shareholders -
 Diluted
 Operating
 Earnings        0.83         0.83         (0%)         0.69        21%
 (Non-GAAP)
 Book Value     51.30        51.44        (0%)         50.65       1%
 Tangible Book   37.00        37.07        (0%)         36.30       2%
 Value ^(2)
 Cash Dividends  0.34         0.34         -            0.34        -
 Closing Stock   51.91        45.80        13%          53.61       (3%)
 Price
Key Ratios:
^(3)
 Operating
 Ratios:
 Return on       0.71%        0.69%                     0.49%
 Average Assets
 Return on
 Average Common  6.08%        5.56%                     4.09%
 Equity
 Return on
 Average
 Tangible        8.74%        7.91%                     5.96%
 Common Equity
 ^(2)
 Net Interest
 Margin (TE)    3.37%        3.58%                     3.39%
 ^(1)
 Efficiency      76.9%        76.7%                     84.4%
 Ratio
 Tangible
 Efficiency      74.5%        74.3%                     81.9%
 Ratio (TE)
 ^(1) (2)
 Full-time
 Equivalent      2,559        2,684                     2,611
 Employees
 Capital Ratios:
 Tangible
 Common Equity   8.64%        9.01%                     8.69%
 Ratio
 (Non-GAAP)
 Tangible
 Common Equity
 to              10.93%       12.35%                    11.04%
 Risk-Weighted
 Assets
 Tier 1          9.65%        10.01%                    9.59%
 Leverage Ratio
 Tier 1 Capital  12.02%       13.27%                    12.21%
 Ratio
 Total Risk
 Based Capital   13.28%       14.54%                    13.46%
 Ratio
 Common Stock
 Dividend        43.6%        47.2%                     64.8%
 Payout Ratio
 Asset Quality
 Ratios:
 Excluding FDIC
 Covered Assets
 and Acquired
 Assets
 Nonperforming
 Assets to       0.66%        0.65%                     0.69%
 Total Assets
 ^(4)
 Allowance for
 Loan Losses to  0.83%        1.21%                     0.83%
 Loans
 Net
 Charge-offs to  0.02%        0.12%                     0.06%
 Average Loans
 Nonperforming
 Assets to       0.98%        1.04%                     1.02%
 Total Loans
 and OREO ^(4)
                 For The Quarter Ended   For The Quarter Ended
                 September 30,           June 30,   March      December
                                                        31,        31,
                 2013         2013         2013         2013        2012
Balance Sheet    End of
Summary (in      Period       Average      Average      Average     Average
thousands):
 Excess          $       $       $       $       $    
 Liquidity ^(5)   292,706     213,092    294,544  629,406      
                                                                    432,752
 Total
 Investment      2,120,067    2,096,974    2,096,166    2,096,229   1,957,542
 Securities
 Loans, Net of
 Unearned        9,043,037    8,975,347    8,748,476    8,543,538   8,384,218
 Income
 Loans, Net of
 Unearned
 Income,
 Excluding       7,719,573    7,616,272    7,262,803    6,922,784   6,636,343
 Covered Assets
 and Acquired
 Assets
 Total Assets    13,145,077   12,944,435   12,881,551   13,075,008  12,692,665
 Total Deposits  10,950,764   10,728,256   10,638,478   10,703,883  10,315,944
 Total
 Shareholders'   1,525,268    1,514,155    1,528,606    1,531,068   1,533,561
 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
^(2)      acquisition 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
^(4)      days 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.
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  September 30,                          June 30,
of Period)
                    2013         2012         % Change     2013        % Change
ASSETS
Cash and Due From   $       $       26.3%        $       14.8%
Banks               260,742     206,373                  227,114
Interest-bearing    292,706      416,693      (29.8%)      120,451     143.0%
Deposits in Banks
 Total Cash and   553,448      623,066      (11.2%)      347,565     59.2%
Equivalents
Investment
Securities          1,964,389    1,757,934    11.7%        1,912,058   2.7%
Available for Sale
Investment
Securities Held to  155,678      188,999      (17.6%)      163,240     (4.6%)
Maturity
 Total Investment 2,120,067    1,946,933    8.9%         2,075,298   2.2%
Securities
Mortgage Loans Held 108,285      211,132      (48.7%)      162,031     (33.2%)
for Sale
Loans, Net of       9,043,037    8,229,946    9.9%         8,903,037   1.6%
Unearned Income
Allowance for Loan  (148,545)    (201,387)    (26.2%)      (162,903)   (8.8%)
Losses
 Loans, Net       8,894,492    8,028,559    10.8%        8,740,134   1.8%
Loss Share          204,885      431,167      (52.5%)      241,040     (15.0%)
Receivable
Premises and        289,157      304,699      (5.1%)       296,988     (2.6%)
Equipment
Goodwill and Other  426,384      424,154      0.5%         427,581     (0.3%)
Intangibles
Other Assets        548,359      564,409      (2.8%)       532,866     2.9%
 Total Assets     $          $          4.9%         $         2.5%
                    13,145,077  12,534,119               12,823,503
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        36.6%        $        23.1%
Deposits            2,529,296    1,851,569                 2,055,333
NOW Accounts        2,136,624    2,038,783    4.8%         2,484,824   (14.0%)
Savings and Money   4,420,776    3,791,616    16.6%        4,133,770   6.9%
Market Accounts
Certificates of     1,864,068    2,231,143    (16.5%)      1,967,791   (5.3%)
Deposit
 Total Deposits   10,950,764   9,913,111    10.5%        10,641,718  2.9%
Short-term          -            290,000      (100.0%)     -           -
Borrowings
Securities Sold
Under Agreements to 258,850      241,501      7.2%         289,377     (10.5%)
Repurchase
Trust Preferred     111,862      111,862      -            111,862     -
Securities
Other Long-term     169,239      317,442      (46.7%)      171,623     (1.4%)
Debt
Other Liabilities   129,094      145,049      (11.0%)      104,162     23.9%
 Total            11,619,809   11,018,965   5.5%         11,318,742  2.7%
Liabilities
Total Shareholders' 1,525,268    1,515,154    0.7%         1,504,761   1.4%
Equity
 Total
Liabilities and     $          $          4.9%         $         2.5%
Shareholders'       13,145,077  12,534,119               12,823,503
Equity
BALANCE SHEET       September    June 30,     March 31,    December    September
(Average)           30,                                    31,         30,
                    2013         2013         2013         2012        2012
ASSETS
Cash and Due From   $       $       $       $       $     
Banks               219,113     219,344     220,746     212,404    192,891
Interest-bearing    213,092      294,544      629,406      432,752     236,653
Deposits in Banks
Investment          2,096,974    2,096,166    2,096,229    1,957,542   2,005,975
Securities
Mortgage Loans Held 119,343      170,620      178,387      212,432     182,543
for Sale
Loans, Net of       8,975,347    8,748,476    8,543,538    8,384,218   8,016,829
Unearned Income
Allowance for Loan  (160,994)    (183,783)    (245,384)    (196,634)   (180,798)
Losses
Loss Share          228,047      268,700      384,319      411,328     448,746
Receivable
Other Assets        1,253,513    1,267,484    1,267,767    1,278,623   1,279,715
 Total Assets     $          $          $          $         $  
                    12,944,435  12,881,551  13,075,008  12,692,665  12,182,554
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $        $        $        $    
Deposits            2,338,772    2,010,263    1,937,890    1,928,361   1,773,302
NOW Accounts        2,257,050    2,488,721    2,464,922    2,207,032   2,023,769
Savings and Money   4,213,765    4,113,671    4,170,123    3,935,675   3,701,947
Market Accounts
Certificates of     1,918,669    2,025,823    2,130,948    2,244,876   2,206,939
Deposit
 Total Deposits   10,728,256   10,638,478   10,703,883   10,315,944  9,705,957
Short-term          1,630        77           500          9,239       121,957
Borrowings
Securities Sold
Under Agreements to 288,029      294,712      292,448      262,027     245,486
Repurchase
Trust Preferred     111,862      111,862      111,862      111,862     113,905
Securities
Long-term Debt      170,452      181,884      300,071      312,190     324,923
Other Liabilities   130,052      125,932      135,176      147,842     150,988
 Total            11,430,280   11,352,945   11,543,940   11,159,104  10,663,216
Liabilities
Total Shareholders' 1,514,155    1,528,606    1,531,068    1,533,561   1,519,338
Equity
 Total
Liabilities and     $          $          $          $         $  
Shareholders'       12,944,435  12,881,551  13,075,008  12,692,665  12,182,554
Equity







Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                   For The Three Months Ended
INCOME STATEMENT   September 30,                         June 30,
                   2013          2012         % Change   2013         % Change
Interest Income    $           $          (3.1%)     $          0.3%
                   108,512       111,951                 108,177
Interest Expense   11,060        15,225       (27.4%)    11,695       (5.4%)
 Net Interest    97,452        96,726       0.8%       96,482       1.0%
Income
Provision for Loan 2,014         4,053        (50.3%)    1,807        11.4%
Losses
 Net Interest
Income After       95,438        92,673       3.0%       94,675       0.8%
Provision for Loan
Losses
Service Charges    7,512         6,952        8.1%       7,106        5.7%
ATM / Debit Card   2,476         2,377        4.2%       2,357        5.0%
Fee Income
BOLI Proceeds and
Cash Surrender     908           916          (0.9%)     901          0.8%
Value Income
Mortgage Income    15,202        23,215       (34.5%)    17,708       (14.2%)
Gain (Loss) on
Sale of            13            41           (68.3%)    (57)         122.8%
Investments, Net
Title Revenue      5,482         5,623        (2.5%)     5,696        (3.8%)
Broker Commissions 3,950         3,092        27.8%      3,863        2.3%
Other Noninterest  7,720         4,337        78.0%      4,915        57.1%
Income
 Total           43,263        46,553       (7.1%)     42,489       1.8%
Noninterest Income
Salaries and       59,234        59,938       (1.2%)     63,815       (7.2%)
Employee Benefits
Occupancy and      14,572        13,869       5.1%       14,283       2.0%
Equipment
Amortization of
Acquisition        1,179         1,287        (8.4%)     1,181        (0.2%)
Intangibles
Other Noninterest  33,166        34,754       (4.6%)     38,082       (12.9%)
Expense
 Total
Noninterest        108,152       109,848      (1.5%)     117,361      (7.8%)
Expense
 Income Before   30,549        29,378       4.0%       19,803       54.3%
Income Taxes
Income Taxes       7,357         8,144        (9.7%)     4,213        74.6%
 Net Income     $          $         9.2%       $         48.8%
                   23,192       21,234                  15,590
 Preferred Stock -             -            -          -            -
Dividends
 Earnings
Available to
Common             23,192        21,234       9.2%       15,590       48.8%
Shareholders -
Basic
 Earnings
Allocated to       (425)         (406)        4.5%       (293)        45.1%
Unvested
Restricted Stock
 Earnings
Available to
Common             22,767        20,828       9.3%       15,297       48.8%
Shareholders -
Diluted
Earnings Per       $        $       7.1%       $       48.4%
Share, Diluted     0.78         0.73                   0.53
Impact of
Non-Operating      $        $       (51.2%)    $       (69.2%)
Expenses           0.05         0.10                   0.16
(Non-GAAP)
Earnings Per
Share, Diluted,
Excluding          $        $       (0.3%)     $       20.5%
Non-operating      0.83         0.83                   0.69
Expenses
(Non-GAAP)
NUMBER OF SHARES
OUTSTANDING
Basic Shares - All 29,631,799    29,066,000   1.9%       29,610,315   0.1%
Classes (Average)
Diluted Shares -
Common             29,147,232    28,548,432   2.1%       29,066,906   0.3%
Shareholders
(Average)
Book Value Shares 29,734,459    29,456,748   0.9%       29,710,058   0.1%
(Period End) ^(1)
                   2013                                  2012
INCOME STATEMENT   Third         Second       First      Fourth       Third
                   Quarter       Quarter     Quarter    Quarter      Quarter
Interest Income    $           $          $        $          $  
                   108,512       108,177      106,416   114,779      111,951
Interest Expense   11,060        11,695       13,545     14,789       15,225
 Net Interest    97,452        96,482       92,871     99,990       96,726
Income
(Reversal of)
Provision for Loan 2,014         1,807        (3,377)    4,866        4,053
Losses
 Net Interest
Income After
(Reversal of)      95,438        94,675       96,248     95,124       92,673
Provision for Loan
Losses
Total Noninterest  43,263        42,489       44,491     50,354       46,553
Income
Total Noninterest  108,152       117,361      144,898    113,441      109,848
Expense
 Income (Loss)
Before Income      30,549        19,803       (4,159)    32,037       29,378
Taxes
Income Taxes       7,357         4,213        (4,876)    8,829        8,144
 Net Income      $          $         $      $         $   
                   23,192       15,590         717    23,208      21,234
 Preferred Stock -             -            -          -            -
Dividends
 Earnings
Available to
Common             23,192        15,590       717        23,208       21,234
Shareholders -
Basic
 Earnings
Allocated to       (425)         (293)        (20)       (428)        (406)
Unvested
Restricted Stock
 Earnings
Available to       $          $         $      $         $   
Common             22,767       15,297         697    22,780      20,828
Shareholders -
Diluted
Earnings Per       $        $       $      $       $   
Share, Basic       0.78         0.53         0.02    0.79         
                                                                      0.73
Earnings Per       $        $       $      $       $   
Share, Diluted    0.78         0.53         0.02    0.79         
                                                                      0.73
Book Value Per     $         $        $      $        $   
Common Share       51.30        50.65        51.33     51.88        51.44
Tangible Book      $         $        $      $        $   
Value Per Common   37.00        36.30        36.93     37.34        37.07
Share
Return on Average  0.71%         0.49%        0.02%      0.73%        0.69%
Assets
Return on Average  6.08%         4.09%        0.19%      6.02%        5.56%
Common Equity
Return on Average
Tangible Common    8.74%         5.96%        0.55%      8.62%        7.91%
Equity
(1) Shares used for book value purposes exclude shares held in treasury at the
end of the period.







Table 4 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                                   For The Nine Months Ended
INCOME STATEMENT                   September 30,
                                   2013               2012            % Change
Interest Income                    $   323,105      $   330,422   (2.2%)
Interest Expense                   36,299             48,662          (25.4%)
 Net Interest Income             286,806            281,760         1.8%
Provision for Loan Losses          445                15,805          (97.2%)
 Net Interest Income After       286,361            265,955         7.7%
Provision for Loan Losses
Service Charges                    21,415             19,557          9.5%
ATM / Debit Card Fee Income        7,017              6,566           6.9%
BOLI Proceeds and Cash Surrender   2,747              2,771           (0.9%)
Value Income
Mortgage Income                    51,841             55,118          (5.9%)
Gain on Sale of Investments, net   2,315              3,779           (38.7%)
Title Revenue                      16,199             15,495          4.5%
Broker Commissions                 11,347             9,254           22.6%
Other Noninterest Income           17,361             13,103          32.5%
 Total Noninterest Income        130,242            125,643         3.7%
Salaries and Employee Benefits     185,578            172,878         7.3%
Occupancy and Equipment            44,050             39,496          11.5%
Amortization of Acquisition        3,543              3,865           (8.3%)
Intangibles
Other Noninterest Expense          137,239            102,505         33.9%
 Total Noninterest Expense       370,410            318,744         16.2%
 Income Before Income Taxes      46,193             72,854          (36.6%)
Income Taxes                       6,694              19,667          (66.0%)
 Net Income                      $    39,499    $    53,187  (25.7%)
 Preferred Stock Dividends       -                  -               -
 Earnings Available to Common    39,499             53,187          (25.7%)
Shareholders - Basic
 Earnings Allocated to Unvested  (744)              (1,007)         (26.1%)
Restricted Stock
 Earnings Available to Common    38,755             52,180          (25.7%)
Shareholders - Diluted
Earnings Per Share, diluted        $      1.33  $          (26.4%)
                                                      1.81







Table 5 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS                September 30,                       June 30,
                     2013         2012         % Change  2013         % Change
Residential          563,455      463,402      21.6%     518,496      8.7%
Mortgage Loans
Commercial Loans:
 Real Estate       3,779,839    3,549,837    6.5%      3,744,238    1.0%
 Business          2,684,243    2,449,125    9.6%      2,687,920    (0.1%)
 Total          6,464,082    5,998,962    7.8%      6,432,158    0.5%
Commercial Loans
Consumer Loans:
 Indirect          369,755      319,389      15.8%     351,631      5.2%
Automobile
 Home Equity       1,281,015    1,200,886    6.7%      1,278,823    0.2%
 Automobile        87,342       55,244       58.1%     76,427       14.3%
 Credit Card       60,637       49,330       22.9%     53,026       14.4%
Loans
 Other            216,751      142,733      51.9%     192,476      12.6%
 Total          2,015,500    1,767,582    14.0%     1,952,383    3.2%
Consumer Loans
 Total Loans   9,043,037    8,229,946    9.9%      8,903,037    1.6%
Allowance for Loan   (148,545)    (201,387)              (162,903)
Losses
 Loans, Net        $          $                    $  
                     8,894,492    8,028,558              8,740,134
Reserve for
Unfunded             (11,959)     -            100.0%    (10,342)     15.6%
Commitments ^(1)
Allowance for        (160,503)    (201,387)    (20.3%)   (173,246)    (7.4%)
Credit Losses
ASSET QUALITY DATA   September 30,                       June 30,
^(2)
                     2013         2012         % Change  2013         % Change
Nonaccrual Loans     $         $         (39.7%)   $         (16.6%)
                     341,691     567,006               409,775
Foreclosed Assets    1,592        1,648        (3.4%)    1,647        (3.3%)
Other Real Estate    127,395      127,525      (0.1%)    127,960      (0.4%)
Owned
Accruing Loans More
Than 90 Days Past    10,844       5,538        95.8%     4,126        162.8%
Due
Total Nonperforming  $         $         (31.4%)   $         (11.4%)
Assets               481,522     701,717               543,508
Loans 30-89 Days     $        $       (55.2%)   $        (24.9%)
Past Due             26,445      59,063                 35,204
Nonperforming
Assets to Total      3.66%        5.60%        (34.6%)   4.24%        (13.6%)
Assets
Nonperforming
Assets to Total      5.25%        8.39%        (37.5%)   6.02%        (12.8%)
Loans and OREO^
Allowance for Loan
Losses to            42.1%        35.2%        19.8%     39.4%        7.1%
Nonperforming Loans
^(3)
Allowance for Loan
Losses to            30.8%        28.7%        7.5%      30.0%        2.9%
Nonperforming
Assets
Allowance for Loan
Losses to Total      1.64%        2.45%        (32.9%)   1.83%        (10.2%)
Loans
Allowance for
Credit Losses to     45.5%        35.2%        29.4%     41.9%        8.8%
Nonperforming Loans
^(1) (3)
Allowance for
Credit Losses to     33.3%        28.7%        16.1%     31.9%        4.6%
Nonperforming
Assets ^(1)
Allowance for
Credit Losses to     1.77%        2.45%        (27.5%)   1.95%        (8.8%)
Total Loans ^(1)
Year to Date         $       $       (4.0%)    $       N/M
Charge-offs          6,938       7,230                 4,375
Year to Date         (4,353)      (2,495)      74.5%     (2,029)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           2,585       4,735      (45.4%)    2,346      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs            239      1,923      (87.6%)    1,136      (79.0%)
(Recoveries)
Quarter to Date Net
Charge-offs to       0.01%        0.10%        (88.9%)   0.05%        (79.8%)
Average Loans
(Annualized)

          During the second quarter of 2013, the Company segregated its
^(1)      allowance for credit losses into an allowance for loan losses and a
          reserve for unfunded commitments, which is included in other
          liabilities on its balance sheet.
          For purposes of this table, nonperforming assets include all loans
^(2)      meeting nonperforming asset criteria, including assets acquired in
          FDIC-assisted transactions.
^(3)      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 (Excluding
Covered Assets and   September 30,                       June 30,
Acquired Assets)^(1)
                     2013         2012         % Change  2013         % Change
Residential          389,912      231,492      68.4%     325,847      19.7%
Mortgage Loans
Commercial Loans:
 Real Estate       2,951,465    2,401,530    22.9%     2,829,322    4.3%
 Business          2,589,405    2,267,766    14.2%     2,558,866    1.2%
 Total          5,540,870    4,669,296    18.7%     5,388,187    2.8%
Commercial Loans
Consumer Loans:
 Indirect          367,308      313,243      17.3%     348,479      5.4%
Automobile
 Home Equity       1,072,671    945,560      13.4%     1,059,375    1.3%
 Automobile        86,680       54,835       58.1%     75,576       14.7%
 Credit Card       59,936       48,454       23.7%     52,243       14.7%
Loans
 Other            202,196      122,514      65.0%     174,826      15.7%
 Total          1,788,791    1,484,606    20.5%     1,710,499    4.6%
Consumer Loans
 Total Loans   7,719,573    6,385,394    20.9%     7,424,533    4.0%
Allowance for Loan   (64,165)     (77,016)               (61,599)
Losses
 Loans, Net        $          $                    $  
                     7,655,408    6,308,378              7,362,934
Reserve for
Unfunded             (11,959)     -            100.0%    (10,342)     15.6%
Commitments ^(2)
Allowance for        (76,124)     (77,016)     (1.2%)    (71,942)     5.8%
Credit Losses
ASSET QUALITY DATA
(Excluding Covered   September 30,                       June 30,
Assets and Acquired
Assets)^(1)
                     2013         2012         % Change  2013         % Change
Nonaccrual Loans     $        $       (2.8%)    $        (10.7%)
                     43,838      45,094                 49,069
Foreclosed Assets    42           19           118.6%    32           27.9%
Other Real Estate    30,565       18,448       65.7%     25,860       18.2%
Owned
Accruing Loans More
Than 90 Days Past    1,418        2,883        (50.8%)   1,071        32.4%
Due
Total Nonperforming  $        $       14.2%     $        (0.2%)
Assets               75,863      66,444                 76,033
Loans 30-89 Days     $        $       18.0%     $        (18.3%)
Past Due             12,406      10,510                 15,175
Troubled Debt        19,941       21,840       (8.7%)    10,425       91.3%
Restructurings ^(3)
Current Troubled
Debt Restructurings  1,468        483          203.6%    1,813        (19.0%)
^(4)
Nonperforming
Assets to Total      0.66%        0.65%        1.4%      0.69%        (4.1%)
Assets
Nonperforming
Assets to Total      0.98%        1.04%        (5.7%)    1.02%        (4.1%)
Loans and OREO^
Allowance for Loan
Losses to            141.8%       160.5%       (11.7%)   122.9%       15.4%
Nonperforming Loans
^(5)
Allowance for Loan
Losses to            84.6%        115.9%       (27.0%)   81.0%        4.4%
Nonperforming
Assets
Allowance for Loan
Losses to Total      0.83%        1.21%        (31.1%)   0.83%        0.2%
Loans
Allowance for
Credit Losses to     168.2%       160.5%       4.8%      143.5%       17.2%
Nonperforming Loans
^(1) (5)
Allowance for
Credit Losses to     100.3%       115.9%       (13.4%)   94.6%        6.1%
Nonperforming
Assets ^(1)
Allowance for
Credit Losses to     0.99%        1.21%        (18.2%)   0.97%        1.8%
Total Loans ^(1)
Year to Date         $       $       (0.8%)    $       N/M
Charge-offs          6,785       6,838                 4,227
Year to Date         (4,283)      (2,474)      73.1%     (2,028)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           2,502       4,364      (42.7%)    2,199      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs            303      1,923      (84.2%)    1,028      (70.5%)
(Recoveries)
Quarter to Date Net
Charge-offs to       0.02%        0.12%        (87.2%)   0.06%        (72.2%)
Average Loans
(Annualized)

^(1)  For purposes of this table, loans and nonperforming assets exclude all
      assets acquired.
      During the second quarter of 2013, the Company segregated its allowance
^(2)  for credit losses into an allowance for loan losses and a reserve for
      unfunded commitments, which is included in other liabilities on its
      balance sheet.
^(3)  Troubled debt restructurings meeting past due and nonaccruing criteria
      are included in loans past due and nonaccrual loans above.
      Current troubled debt restructurings are defined as troubled debt
^(4)  restructurings not past due or on nonaccrual status for the respective
      periods.
^(5)  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 6A - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS (Covered
Assets and Acquired  September 30,                       June 30,
Assets Only)^(1)
                     2013         2012         % Change  2013         % Change
Residential          173,543      231,910      (25.2%)   192,649      (9.9%)
Mortgage Loans
Commercial Loans:
 Real Estate       828,743      1,148,307    (27.8%)   914,916      (9.4%)
 Business          94,469       181,359      (47.9%)   129,054      (26.8%)
 Total          923,212      1,329,666    (30.6%)   1,043,970    (11.6%)
Commercial Loans
Consumer Loans:
 Indirect          2,447        6,146        (60.2%)   3,152        (22.4%)
Automobile
 Home Equity       208,344      255,326      (18.4%)   219,448      (5.1%)
 Automobile        662          409          61.8%     852          (22.2%)
 Credit Card       701          876          (19.9%)   783          (10.4%)
Loans
 Other            14,555       20,219       (28.0%)   17,650       (17.5%)
 Total          226,709      282,976      (19.9%)   241,885      (6.3%)
Consumer Loans
 Total Loans    1,323,464    1,844,552    (28.3%)   1,478,504    (10.5%)
Receivable
Allowance for Loan   (84,380)     (124,371)              (101,304)
Losses
 Loans, Net        $          $                    $  
                     1,239,084    1,720,181              1,377,200
ASSET QUALITY DATA
(Covered Assets and  September 30,                       June 30,
Acquired Assets
Only)^(1)
                     2013         2012         % Change  2013         % Change
Nonaccrual Loans     $         $         (42.9%)   $         (17.4%)
                     297,853     521,912               360,706
Foreclosed Assets    1,550        1,629        (4.8%)    1,615        (4.0%)
Other Real Estate    96,830       109,077      (11.2%)   102,099      (5.2%)
Owned
Accruing Loans More
Than 90 Days Past    9,426        2,655        255.0%    3,055        208.6%
Due
Total Nonperforming  $         $         (36.1%)   $         (13.2%)
Assets               405,659     635,273               467,475
Loans 30-89 Days     14,039       48,553       (71.1%)   20,028       (29.9%)
Past Due
Nonperforming
Assets to Total      25.19%       27.70%       (9.0%)    26.85%       (6.2%)
Assets
Nonperforming
Assets to Total      28.53%       32.49%       (12.2%)   29.55%       (3.4%)
Loans and OREO^
Allowance for Loan
Losses to            27.5%        23.7%        15.8%     27.8%        (1.4%)
Nonperforming
Loans^(2)
Allowance for Loan
Losses to            20.8%        19.6%        6.2%      21.7%        (4.0%)
Nonperforming
Assets
Allowance for Loan
Losses to Total      6.38%        6.74%        (5.4%)    6.85%        (6.9%)
Loans
Year to Date         $       $       (61.0%)   $       N/M
Charge-offs           153       391                 148
Year to Date         (70)         (20)         241.2%    (0)          N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs             83      371     (77.6%)     148     N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs             (64)        0  N/M         108     (159.7%)
(Recoveries)
Quarter to Date Net
Charge-offs to       -0.02%       0.00%        N/M       0.03%        (164.5%)
Average Loans
(Annualized)

      For purposes of this table, acquired loans and nonperforming assets are
^(1)  presented only. Nonperforming assetsinclude all loans meeting
      nonperforming asset criteria.
^(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 7 - Non-Covered and Net Covered Loan Portfolio Volumes And Yields ($ in Millions)
                3Q 2012        4Q 2012        1Q 2013        2Q 2013        3Q 2013
                Average Yield  Average Yield  Average Yield  Average Yield  Average Yield
                Balance        Balance        Balance        Balance        Balance
Non Covered     $      4.55%  $      4.52%  $      4.44%  $      4.40%  $      4.39%
Loans           6,863          7,272          7,504          7,794          8,104
FDIC Covered    $      18.88% $      17.53% $      16.05% $     12.62% $     13.90%
Loans           1,154          1,112          1,039          955           872
Covered Loans,
net of          $             $             $             $             $ 
Indemnification 1,603   7.60%  1,523   7.68%  1,424   5.35%  1,223   5.11%  1,100   3.66%
Asset
Amortization







Table 8 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                                For The Quarter Ended
                     September 30, 2013                 June 30, 2013           September 30, 2012
                                Average    Average    Average    Average    Average    Average
                     Interest  Balance     Yield/Rate  Balance    Yield/Rate  Balance     Yield/Rate
                                            (%)                     (%)                     (%)
ASSETS
Earning Assets:
Loans Receivable:
 Mortgage       6,884      $       5.05%       $       6.09%       $       7.80%
Loans                           545,017                494,531                418,925
 Commercial      88,934     6,443,410   5.49%       6,321,599   5.16%       5,832,375   6.61%
Loans (TE) ^(1)
 Consumer and   24,218     1,986,920   4.84%       1,932,346   5.54%       1,765,529   6.35%
Other Loans
 Total Loans    120,036    8,975,347   5.32%       8,748,476   5.30%       8,016,829   6.61%
LossShare           (22,875)   228,047     -39.25%     268,700     -26.69%     448,746     -29.20%
Receivable
 Total Loans
and Loss Share       97,161     9,203,394   4.21%       9,017,176   4.35%       8,465,575   4.71%
Receivable
Mortgage Loans Held  1,289      119,343     4.32%       170,620     3.17%       182,543     3.21%
for Sale
Investment
Securities (TE)      9,485      2,093,549   1.98%       2,059,502   1.92%       1,963,451   2.22%
^(1)(2)
Other Earning       577        258,362     0.89%       338,668     0.87%       298,681     0.85%
Assets
Total Earning       108,512    11,674,648  3.74%       11,585,966  3.80%       10,910,250  4.14%
Assets
Allowance for Loan             (160,994)               (183,783)               (180,798)
Losses
Nonearning Assets               1,430,781               1,479,368               1,453,102
Total Assets                    $                     $                     $  
                                12,944,435              12,881,551              12,182,554
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
 NOW Accounts   1,909      $        0.34%       $        0.32%       $        0.35%
                                2,257,050               2,488,721               2,023,769
 Savings and
Money Market         2,603      4,213,764   0.25%       4,113,671   0.26%       3,701,947   0.46%
Accounts
 Certificates   4,012      1,918,669   0.83%       2,025,823   0.87%       2,206,939   1.00%
of Deposit
 Total
Interest-bearing     8,524      8,389,483   0.40%       8,628,215   0.42%       7,932,655   0.58%
Deposits
 Short-term        104        289,659     0.14%       294,789     0.16%       367,443     0.21%
Borrowings
 Long-term Debt    2,432      282,314     3.37%       293,746     3.39%       438,828     3.10%
 Total
Interest-bearing     11,060     8,961,456   0.49%       9,216,750   0.51%       8,738,926   0.69%
Liabilities
Noninterest-bearing             2,338,772               2,010,263               1,773,302
Demand Deposits
Noninterest-bearing             130,052                 125,932                 150,988
Liabilities
 Total                  11,430,280              11,352,945              10,663,216
Liabilities
Shareholders'                   1,514,155               1,528,606               1,519,338
Equity
 Total
Liabilities and                 $                     $                     $  
Shareholders'                   12,944,435              12,881,551              12,182,554
Equity
Net Interest Spread             $       3.25%       $       3.29%       $       3.45%
                                 97,452                96,482                96,726
Tax-equivalent                  2,321       0.08%       2,396       0.08%       2,417       0.09%
Benefit
Net Interest Income             $                   $                   $    
(TE) / Net Interest              99,773   3.37%        98,878   3.39%        99,143   3.58%
Margin (TE) ^(1)

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







Table 9 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                     For The Nine Months Ended
                                September 30, 2013                 September 30, 2012
                                Average    Average               Average    Average
                     Interest  Balance     Yield/Rate  Interest  Balance     Yield/Rate
                                            (%)                                (%)
ASSETS
Earning Assets:
Loans Receivable:
 Mortgage       21,868     $       5.78%       24,903     $       7.46%
Loans                            504,154                          445,085
 Commercial     258,420    6,324,468   5.48%       279,329    5,569,467   6.69%
Loans (TE) ^ (1)
 Consumer and   78,056     1,928,747   5.41%       77,973     1,650,302   6.31%
Other Loans
  Total       358,344    8,757,369   5.48%       382,205    7,664,854   6.65%
Loans
Loss Share           (68,707)   293,116     -30.91%     (89,899)   510,097     -23.16%
Receivable
 Total Loans
and Loss Share       289,637    9,050,485   4.30%       292,306    8,174,951   4.79%
Receivable
Mortgage Loans Held  3,965      155,900     3.39%       3,747      145,138     3.44%
for Sale
Investment
Securities (TE)      27,323     2,065,295   1.94%       32,333     1,981,130   2.38%
^(1)(2)
Other Earning       2,180      423,775     0.69%       2,036      343,771     0.79%
Assets
Total Earning       323,105    11,695,456  3.74%       330,422    10,644,990  4.20%
Assets
Allowance for Loan             (196,412)                          (179,927)
Losses
Nonearning Assets               1,467,475                          1,431,895
Total Assets                    $                               $   
                                12,966,519                         11,896,958
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
 NOW Accounts   5,836      $       0.32%       5,577      $       0.38%
                                2,402,803                          1,977,963
 Savings and
Money Market         8,864      4,166,013   0.28%       12,825     3,569,705   0.48%
Accounts
 Certificates   13,038     2,024,369   0.86%       19,755     2,321,289   1.14%
of Deposit
 Total
Interest-bearing     27,738     8,593,185   0.43%       38,157     7,868,957   0.65%
Deposits
 Short-term        365        292,453     0.16%       507        288,545     0.23%
Borrowings
 Long-term Debt    8,196      328,856     3.29%       9,999      433,510     3.03%
 Total
Interest-bearing     36,299     9,214,494   0.52%       48,661     8,591,012   0.75%
Liabilities
Noninterest-bearing             2,097,110                          1,648,502
Demand Deposits
Noninterest-bearing             130,368                            150,658
Liabilities
 Total                  11,441,972                         10,390,172
Liabilities
Shareholders'                   1,524,547                          1,506,786
Equity
 Total
Liabilities and                 $                               $   
Shareholders'                   12,966,519                         11,896,958
Equity
Net Interest Spread             $       3.22%                  $       3.44%
                                 286,806                          281,760
Tax-equivalent                  7,182       0.08%                  7,210       0.09%
Benefit
Net Interest Income             $                              $    
(TE) / Net Interest              293,988  3.33%                   288,970  3.59%
Margin (TE) ^(1)

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







Table 10 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
(dollars in thousands, except per share data)
                             For The Quarter Ended
                             September 30,      June 30, 2013  September 30,
                             2013                              2012
                             $          $        $       
Net Interest Income (GAAP)       97,452                  
                                                96,482        96,726
Effect of Tax Benefit on     2,321              2,396          2,417
Interest Income
  Net Interest Income    99,773             98,878         99,143
(TE) (Non-GAAP) ^(1)
Noninterest Income (GAAP)    43,263             42,489         46,553
Effect of Tax Benefit on     489                485            493
Noninterest Income
 Noninterest Income     43,752             42,974         47,046
(TE) (Non-GAAP) ^(1)
Taxable Equivalent Revenues  143,525            141,852        146,189
(Non-GAAP) ^(1)
 Securities Losses (Gains) (13)               57             (41)
 Impact of New Accounting  5,496              4,967          -
Standard
 Other noninterest income  -                  -              -
Taxable Equivalent Operating $          $        $       
Revenues (Non-GAAP) ^(1)        149,008                     146,148
                                                146,876
Total Noninterest Expense    $          $        $       
(GAAP)                          108,152                     109,848
                                                117,361
Less Intangible              (1,179)            (1,181)        (1,287)
Amortization Expense
Tangible Noninterest         106,973            116,180        108,561
Expense (Non-GAAP) ^(2)
Merger-related expenses      85                 -              2,985
Severance expenses           554                1,670          712
Occupancy expenses and       594                306            284
branch closure expenses
Impairment of long-lived     977                4,618          -
assets
Provision for FDIC clawback  667                130            -
liability
Debt prepayment              -                  -              -
Termination of debit card    -                  450            -
rewards program
Professional expenses and    (630)              150            574
litigation settlements
Tangible Operating           $          $        $       
Noninterest Expense             104,725                     104,006
(Non-GAAP) ^(2)                                 108,856
Return on Average Common     6.08%              4.09%          5.56%
Equity (GAAP)
Effect of Intangibles ^(2)   2.66%              1.87%          2.35%
Effect of Non Operating      1.82%              2.91%          1.04%
Revenues and Expenses
Operating Return on Average
Tangible Common Equity       10.56%             8.88%          8.95%
(Non-GAAP) ^(2)
Efficiency Ratio (GAAP)      76.9%              84.5%          76.7%
 Effect of Tax Benefit
Related to Tax Exempt        (1.5%)             (1.8%)         (1.6%)
Income
Efficiency Ratio (TE)       75.4%              82.7%          75.1%
(Non-GAAP) ^(1) 
 Effect of Amortization   (0.9%)             (0.8%)         (0.8%)
of Intangibles
 Effect of Non-Operating
Items and New Accounting     (4.2%)             (7.8%)         (3.1%)
Standard
Tangible Operating
Efficiency Ratio             70.3%              74.1%          71.2%
(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
                          September 30, 2013         June 30, 2013              September 30, 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)                    23,192              15,590  0.53          21,234  0.73
                          30,549             0.78   19,803                     29,378
Noninterest
income
adjustments
Loss (Gain) on
sale of                   (13)     (8)       (0.00)  57       37        0.00    (41)     (27)      (0.00)
investments
Other
noninterest               -        -         -       -        -         -       -        -         -
income
Noninterest
expense
adjustments
Merger-related            85       55        0.00    -        -         -       2,985    1,940     0.07
expenses
Severance                 554      360       0.01    1,670    1,086     0.04    712      463       0.02
expenses
Impairment of
long-lived                977      635       0.02    4,618    3,002     0.10    -        -         -
assets
Provision for
FDIC clawback             667      434       0.01    130      84        0.00    -        -         -
liability
Occupancy
expenses and              594      386       0.01    306      199       0.01    284      185       0.01
branch closure
expenses
Termination of
debit card                -        -         -       450      293       0.01    -        -         -
rewards
program
Professional
expenses and              (630)    (410)     (0.01)  150      97        0.00    574      373       0.01
litigation
settlements
Operating
earnings                  32,783   24,644    0.83    27,185   20,388    0.69    33,892   24,168    0.83
(Non-GAAP)
^(3)
Covered and
acquired
(reversal of)             (854)    (555)     (0.02)  (3,141)  (2,042)   (0.07)  3,827    2,488     0.09
provision for
loan losses
Other
(reversal of)             2,868    1,864     0.07    4,949    3,217     0.11    226      147       0.01
provision for
loan losses
Pre-provision             $               $     $                       $   
operating                      $               $     $          $     $  
earnings                                                                
(Non-GAAP)                34,797    25,953 0.89   28,992    21,563  0.73   37,945    26,803  0.92
^(3)
                          $     $     $     $     $     $     $     $     $  
Net Income                                                          
(Loss) (GAAP)                    23,192              15,590  0.53          21,234  0.73
                          30,549             0.78   19,803                     29,378
Impact of
adoption of               5,496    3,572     0.12    4,967    3,228     0.11    -        -         -
new accounting
standard ^(4)
Earnings less             $               $     $                       $   
impact of new                  $               $     $          $     $  
accounting                                                              
standard                  36,045    26,764 0.90   24,770    18,818  0.64   29,378    21,234  0.73
(Non-GAAP)
Operating
earnings
including the             $     $     $     $     $     $     $     $     $  
impact of the                                                       
adoption of                      24,644              20,388  0.69          24,168  0.83
new accounting            32,783             0.83   27,185                     33,892
standard
(Non-GAAP)
Impact of
adoption of               5,496    3,572     0.12    4,967    3,228     0.11    -        -         -
new accounting
standard ^(4)
Operating
earnings less             $     $     $     $     $     $     $     $     $  
impact of new                                                       
accounting                       28,216              23,617  0.80          24,168  0.83
standard                  38,279             0.95   32,152                     33,892
(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 periods ending
               September 30, 2013 and June 30, 2013.
               ^(4) Adjustments represent additional amortization on the Company's loss share receivable
               due to the adoption of ASU 2012-06 for the three month-periods ending September 30, 2013,
               and June 30, 2013. The amounts

                 included above represent 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)
                          $     $     $  
               12/31/2013             
                                        
                          5,742    3,732    0.13
               3/31/2014  5,603    3,642     0.12
               6/30/2014  5,246    3,410     0.11
               9/30/2014  5,002    3,251     0.11
               (5) Per share amounts have been calculated using a sharecount that is consistent with the
               fully diluted sharecount for the quarter ended September 30, 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
 
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