IBERIABANK Corporation Reports Fourth Quarter Results

            IBERIABANK Corporation Reports Fourth Quarter Results

PR Newswire

LAFAYETTE, La., Jan. 28, 2014

LAFAYETTE, La., Jan. 28, 2014 /PRNewswire/ -- IBERIABANK Corporation (NASDAQ:
IBKC), holding company of the 126-year-old IBERIABANK (www.iberiabank.com),
reported operating results for the fourth quarter ended December 31, 2013.
For the quarter, the Company reported income available to common shareholders
of $25.1 million, or $0.86 fully diluted earnings per share. In the fourth
quarter of 2013, the Company incurred costs to implement previously disclosed
earnings improvement initiatives and other non-operating costs equal to $0.2
million on a pre-tax basis, or $0.01 per share on an after-tax basis.
Excluding those items, EPS in the fourth quarter of 2013 was $0.87 per share
on a non-GAAP operating basis, compared to $0.83 per share in the third
quarter of 2013 (refer to press release supplemental table).

Daryl G. Byrd, President and Chief Executive Officer, commented, "Our
financial results showed continued improvement in operating leverage in the
fourth quarter of 2013, exhibiting both revenue improvement and significant
operating expense reductions. In addition, we experienced tremendous client
loan growth spread across a number of markets. Our client deposit mix
continues to improve as well, with noninterest bearing deposits growing by
nearly one-third during 2013, reaching 24% of total deposits at year-end 2013,
compared to 18% one year ago. We aredelighted with the progress we continue
to achieve for our clients and our shareholders and pleased we exceeded our
EPS target for the fourth quarter."

Highlights for the Fourth Quarter of 2013 and December 31, 2013:

  oThe net interest margin increased 15 basis points on a linked quarter
    basis to 3.52%, which was above the upper-end of the previously disclosed
    guidance of 3.35%. Based on interest rate risk modeling and other factors,
    management currently expects the net interest margin to be in the range of
    approximately 3.40% to 3.45% in the first quarter of 2014.
  oThe Company's profitability improvement initiatives continued in the
    fourth quarter of 2013. Operating expenses declined $3 million, or 3%, on
    a linked quarter basis. The Company's tangible operating efficiency ratio
    declined from 73.0% in the third quarter of 2013 to 69.9% in the fourth
    quarter of 2013.
  oGross loan growth was $449 million, or 5%, between quarter-ends (20%
    annualized rate), while loan growth excluding all assets covered under
    FDIC loss share agreements and other non-covered acquired assets
    (collectively "Acquired Assets") increased $568 million, or 7%, between
    quarter-ends (29% annualized rate).
  oThe Company's legacy asset quality continued to be strong in the fourth
    quarter of 2013. At December 31, 2013, nonperforming assets ("NPAs"),
    excluding Acquired Assets, equated to 0.61% of total assets, loans past
    due 30 days or more equated to 0.80% of total loans, and classified assets
    excluding Acquired Assets equated to 0.69% of total assets.
  oThe Company recorded a $4.7 million loan loss provision in the fourth
    quarter of 2013, compared to $2.0 million in the third quarter of 2013.
    Net charge-offs totaled $1.4 million in the fourth quarter of 2013, or an
    annualized 0.06% of average loans, compared to an average of 0.05% of
    average loans over the past eight quarters.
  oCapital ratios remained strong. At December 31, 2013, the Company's
    tangible common equity ratio was 8.55%, Tier 1 common ratio was 10.55%,
    and total risk based capital ratio was 12.82%.
  oOn January 13, 2014, the Company announced the signing of a definitive
    agreement to acquire by merger Teche Holding Company ("Teche") based in
    New Iberia, Louisiana. At September 30, 2013, Teche had total assets of
    $857 million, gross loans of $686 million, and total deposits of $651
    million. The Company anticipates closing the transaction in the second
    quarter of 2014, subject to customary closing conditions, including the
    receipt of regulatory approvals and the approval of Teche's shareholders.
  oOn January 17, 2014, the Company completed the acquisition of the Memphis
    operations of Trust One Bank, a division of Synovus Bank. The Company
    acquired four office locations, approximately $90 million in loans, and
    assumed approximately $194 million in deposits. All aspects of the client
    and branch conversion process were successfully completed over the weekend
    of January 18-19, 2014.



Table A - Summary Financial Results
                         For the Quarter Ended:                    Linked
                                                                   Quarter
Selected Financial Data  12/31/2012  9/30/2013          12/31/2013 % Change
Net Income ($ in         $         $            $        10%
thousands)               23,208     23,192            25,604
Per Share Data:
Fully Diluted Earnings  $       $          $      10%
                         0.78        0.78             0.86
Operating Earnings       0.80        0.83               0.87       4%
(Non-GAAP)
Pre-provision Operating  0.91        0.89               0.97       9%
Earnings (Non-GAAP)
Tangible Book Value     37.34       37.00              37.17      0%
                         As of and for the Quarter                 Linked
                         Ended:                                    Quarter
                                                                   Basis Point
Key Ratios              12/31/2012  9/30/2013          12/31/2013 Change
Return on Average Assets 0.73%       0.71%              0.77%      6      bps
Return on Average Common 6.02%       6.08%              6.62%      54     bps
Equity
Return on Average
Tangible Common Equity   8.62%       8.74%              9.43%      69     bps
(Non-GAAP)
Net Interest Margin (TE) 3.55%       3.37%              3.52%      15     bps
^(1)
Tangible Operating
Efficiency Ratio (TE)    72.5%       73.0%              69.9%      (310)  bps
(Non-GAAP)^(1)
Tangible Common Equity   8.66%       8.64%              8.55%      (9)    bps
Ratio (Non-GAAP)
Tier 1 Leverage Ratio    9.70%       9.65%              9.70%      5      bps
Tier 1 Common Ratio      11.74%      10.95%             10.55%     (40)   bps
(Non-GAAP)
Total Risk Based Capital 14.19%      13.28%             12.82%     (46)   bps
Ratio
Net Charge-Offs to       0.01%       0.02%              0.07%      5      bps
Average Loans ^(2)
Nonperforming Assets to  0.69%       0.66%              0.61%      (5)    bps
Total Assets ^(2)
                         For the Quarter Ended:
                         GAAP                           Non-GAAP
Adjusted Selected Key    12/31/2013  Adjustments^(3)    12/31/2013
Ratios
Return on Average Assets 0.77%       0.01%              0.78%
Return on Average Common 6.62%       0.07%              6.68%
Equity
Return on Average
Tangible Common Equity   9.43%       0.09%              9.51%
(Non-GAAP)
Tangible Efficiency      70.0%       (0.1%)             69.9%
Ratio (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 taxwhere 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 $179 million, or
1%, as average loans increased $197 million, or 2%, average investment
securities increased $36 million, or 2%, and other earning assets declined $54
million, or 9%. Also on a linked quarter basis, the average earning asset
yield increased 13 basis points, and the cost of interest bearing liabilities
decreased two basis points. As a result, the tax-equivalent net interest
spread and margin each increased 15 basis points. Tax-equivalent net interest
income increased  $5.9 million, or 6%, as average earning assets increased and
the net interest margin expanded.

Table B - Quarterly Average Yields/Cost ^(1)
                                For Quarter Ended:              Linked Quarter
                                                                Basis Point
                                12/31/2012 9/30/2013 12/31/2013 Change
Investment Securities           2.09%      1.98%     2.21%      23      bps
Covered Loans, net of loss      7.68%      3.66%     4.28%      62      bps
share receivable
Noncovered Loans                4.52%      4.39%     4.43%      4       bps
Loans & Loss Share Receivable   4.70%      4.21%     4.33%      12      bps
Mortgage Loans Held For Sale    2.96%      4.32%     4.06%      (26)    bps
Other Earning Assets            0.61%      0.89%     0.94%      5       bps
 Total Earning Assets          4.06%      3.74%     3.87%      13      bps
Interest Bearing Deposits       0.53%      0.40%     0.39%      (1)     bps
Short-Term Borrowings           0.21%      0.14%     0.15%      1       bps
Long-Term Borrowings            3.17%      3.37%     3.37%      0       bps
 Total Interest Bearing        0.65%      0.49%     0.47%      (2)     bps
Liabilities
Net Interest Spread             3.41%      3.25%     3.40%      15      bps
Net Interest Margin             3.55%      3.37%     3.52%      15      bps
^(1) Earning asset yields are shown on a fully taxable equivalent
basis.

The average investment yield improved 23 basis points during the fourth
quarter of 2013 as a result of reduced bond premium amortization of $1.2
million, which the Company expects to continue based on the current level of
interest rates.

The non-covered loan yield increased four basis points as some consumer loan
yields improved between quarters. The covered loan yield (net of loss share
receivable amortization) increased 62 basis points, which offset a decline in
average covered loan volume of $120 million, or 14%, and as a result, the
associated covered income remained stable on a linked quarter basis.
Offsetting the decline in volume was $1.9 million in net covered and
non-covered interest income due to pool closing events in the fourth quarter.
The covered income in the fourth quarter of 2013 was consistent with
management's expectations.

For the first quarter of 2014, the Company projects the prospective yield on
the covered loan portfolio net of the indemnification asset ("IA") to
approximate 3.73%, compared to 4.28% in the fourth quarter. The average
balance of the net covered loan portfolio is projected to decline
approximately $110 million, based on current cash flow assumptions and
estimates. Net income on the covered loan portfolio is projected to decline
$1.8 million between the fourth quarter of 2013 and first quarter of 2014.
The Company projects the net covered income to equate to 7% of total net
interest income in 2014, compared to 11% in 2013.

On a period-end basis, the IA declined $43 million, or 21%, from $205 million
at September 30, 2013 to $162 million at December 31, 2013. The portion of
the IA collectible from the FDIC decreased $27 million, or 41%, while the
collectible portion from other real estate owned ("OREO") and customers
declined $16 million, or 11%.

In the fourth quarter of 2013, the Company recorded net charge-offs of $1.4
million, or 0.06% of average loans on an annualized basis and a provision for
loan losses of $4.7 million, up $2.7 million, or 133% compared to the third
quarter of 2013.

Aggregate noninterest income decreased $4.5 million, or 10%, on a linked
quarter basis. The primary changes in noninterest income on a linked quarter
basis were:

  oDecreased mortgage income of $2.8 million, or 19%; and
  oDecreased title revenue of $1.2 million, or 21%; partially offset by
  oIncreased capital marketsrevenue of $1.0 million.

Assets under management at IBERIA Wealth Advisors ("IWA") were $1.1 billion at
December 31, 2013, stable compared to September 30, 2013, but up 14% compared
to one year ago.Revenues for IWA decreased 7% on a linked quarter basis, but
up 26% for the full year of 2013, compared to one year ago.IBERIA Financial
Services revenues declined 4% on a linked quarter basis, and declined 1% for
the full year of 2013 compared to the prior year. IBERIA Capital Partners
experienced significantly higher investment bankingrevenue in the fourth
quarter and at year-end, had achieved its stated goal of having 100
energy-related firms under research coverage.

The Company experienced a reduced level of interest rate derivative activity
executed on behalf of clients, and, thus, a decrease in customer derivative
commission income in the fourth quarter of 2013.

The $2.8 million decline in mortgage income was the result of lower production
and sales volumes, due primarily to the changing interest rate environment.
The decline in income was partially offset by a $1.1 million reduction in
mortgage commission and mortgage production incentives expense (included in
noninterest expense).

In the fourth quarter of 2013, the Company originated $404 million in
residential mortgage loans, down $103 million, or 20%, on a linked quarter
basis. Client loan refinancing opportunities accounted for approximately 19%
of mortgage loan applications in the fourth quarter of 2013, unchanged
compared to the third quarter of 2013, and approximately 15% between December
31, 2013, and January 17, 2014. The Company sold $380 million in mortgage
loans during the fourth quarter of 2013, down $172 million, or 31%, on a
linked quarter basis. Margins on the sale of mortgage loans remained stable
on a linked quarter basis. The mortgage origination pipeline was
approximately $110 million at December 31, 2013, compared to $182 million at
September 30, 2013, and was approximately $123 million at January 17, 2014.
The mortgage business primarily focuses on retail mortgage loans originated by
the Company; less than 0.5% of originations in 2013 were purchased through
correspondent mortgage loan providers (primarily for community
reinvestment-related loan opportunities).

Noninterest expense decreased $5 million, or 5%, on a linked quarter basis and
included the following linked-quarter changes:

  oDecreased provision for unfunded lending commitments of $2.4 million;
  oDecreased impairment of long-lived assets of $1.2 million;
  oDecreased mortgage commissions and production incentives of $1.1 million;
  oDecreased marketing and business development expense of $0.7 million;
  oDecreased hospitalization and payroll tax expense of $0.7 million;
  oDecreased provision for FDIC claw-back liability of $0.7 million;
  oDecreased occupancy and equipment expense of $0.5 million;
  oDecreased ATM/debit card expense of $0.4 million; partially offset by
  oIncreased benefit costs due to higher value of the Company's stock price
    of $1.5 million; and
  oIncreased OREO property costs of $1.3 million;

Excluding non-operating expenses, total expenses declined $3 million, or 3%,
from $106 million in the third quarter of 2013 to $102 million in the fourth
quarter of 2013. The Company continues to review its operating metrics for
future opportunities to improve revenues and reduce expenses.

Loans

Total loans increased $449 million, or 5%, between September 30, 2013 and
December 31, 2013. The loan portfolio associated with FDIC-assisted
acquisitions at December 31, 2013, decreased $87 million, or 11%, compared to
September 30, 2013. Excluding Acquired Assets, total loans increased $568
million, or 7% (29% annualized rate), during the fourth quarter. Legacy
commercial loans increased $500 million, or 9% (which included $34 million in
business banking loan growth, up 4%, or 18% annualized rate), legacy consumer
loans increased $45 million, or 2%, and legacy mortgage loans increased $24
million, or 6%, during the quarter. Loan origination and renewal growth
during the fourth quarter of 2013 were strongest in the Houston, New Orleans,
Birmingham, Memphis, and Baton Rouge markets. Loan origination and renewal
mix in the fourth quarter of 2013 was 37% fixed rate and 63% floating rate and
total loans outstanding (excluding nonaccruals) were 49% fixed and 51%
floating. Loans and commitments originated and/or renewed during the fourth
quarter of 2013 totaled $1.4 billion (up 19% on a linked quarter basis).
Energy-related loans outstanding totaled $764 million at December 31, 2013, up
$90 million, or 13%, compared to September 30, 2013, and equated to
approximately 8% of total loans. The Company had no student loans outstanding
at December 31, 2013.

Table C - Period-End Loans ($ in Millions)
           Period-End Balances ($
           Millions)
                                      % Change                     Mix
           12/31/12 9/30/13 12/31/13  Year/Year Qtr/Qtr Annualized  9/30/13 12/31/13
Commercial $ 4,913 $       $ 6,041  23%       9%      36%         61%     64%
                    5,541
Consumer   1,577    1,788   1,833     16%       2%      10%         20%     19%
Mortgage   257      390     414       61%       6%      25%         4%      4%
Legacy     $ 6,748 $       $ 8,288  23%       7%      29%         85%     87%
Loans               7,720
Acquired   658      516     484       -26%      -6%     -25%        6%      5%
Loans
Covered    1,093    807     720       -34%      -11%    -43%        9%      8%
Loans
Total      $ 8,499 $       $ 9,492  12%       5%      20%         100%    100%
Loans               9,043

Deposits

Total deposits decreased $214 million, or 2%, from September 30, 2013 to
December 31, 2013. Noninterest bearing deposits increased $47 million, or 2%,
and equated to 24% of total deposits at December 31, 2013, while NOW accounts
increased $146 million, or 7%.

In contrast, money market and savings account volume decreased $254 million,
or 6%, between September 30, 2013 and December 31, 2013. Time deposits
declined $153 million, or 8% between quarter-ends. Period-end deposit growth
during the fourth quarter of 2013 was strongest in the Lafayette, Birmingham,
Northeast Arkansas, and Northwest Arkansas markets.

Table D - Period-End Deposits ($ in Millions)
             Period-End Balances ($
             Millions)
                                        % Change                     Mix
             12/31/12 9/30/13 12/31/13  Year/Year Qtr/Qtr Annualized  9/30/13 12/31/13
Noninterest  $ 1,968 $       $ 2,576  31%       2%      7%          23%     24%
                      2,529
NOW Accounts 2,523    2,137   2,283     -10%      7%      27%         20%     21%
Savings/MMkt 4,103    4,421   4,167     2%        -6%     -23%        40%     39%
Time         2,154    1,864   1,711     -21%      -8%     -33%        17%     16%
Deposits
Total        $10,748  $10,951 $10,737   0%        -2%     -8%         100%    100%
Deposits

On an average balance and linked quarter basis, noninterest-bearing deposits
increased $234 million, or 10%, and interest-bearing deposits decreased $127
million, or 1%. The rate on average interest-bearing deposits in the fourth
quarter of 2013 was 0.39%, a decrease  of one basis point 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 0.55%. An additional
$0.2 billion in time deposits are scheduled to re-price over the following 12
months at a weighted average cost of 1.11%. During the fourth quarter of
2013, new and re-priced time deposits were booked at an average cost of 0.32%.
The Company experienced a time deposit retention rate of 79% in the fourth
quarter of 2013 with an average 38 basis point reduction in rate.

Other Assets And Funding

Excess liquidity averaged $205 million in the fourth quarter of 2013, down $8
million, or 4%, on a linked quarter basis. The investment portfolio remained
stable at $2.1 billion on average in the fourth quarter of 2013. Also, on a
period-end basis, the investment portfolio equated to $2.1 billion, or 16% of
total assets at December 31, 2013, unchanged compared to September 30, 2013.
The investment portfolio had a modified duration of 3.9 years at December 31,
2013, up compared to 3.5 years at September 30, 2013. At current prepayment
speeds, the investment portfolio is projected to create cash flows of
approximately $379 million over the next 12 months, or 18% of the total
investment portfolio. The Company estimates that a potential increase in
interest rates of 100 and 200 basis points at December 31, 2013 would extend
the duration of the investment portfolio by 0.4 and 0.5 years, respectively.
The investment portfolio went from a $3 million unrealized loss at September
30, 2013, to a $28 million unrealized loss at December 31, 2013. The average
yield on investment securities increased 23 basis points on a linked quarter
basis to 2.21% in the fourth quarter of 2013. The Company holds in its
investment portfolio primarily government agency securities. Municipal
securities comprised only 9% of total investments at December 31, 2013. The
Company holds for investment no sovereign debt, corporate debt or equity
securities, trust preferred securities, or derivative exposure to foreign
counterparties.

On a linked quarter basis, average long-term debt decreased $1 million, or
less than 1%, and the cost of debt remained stable at 3.37%. The cost of
average interest bearing liabilities was 0.47% in the fourth 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.

Legacy NPAs at December 31, 2013 were $73 million, down 4% compared to
September 30, 2013. NPAs equated to 0.61% of total assets at December 31,
2013, compared to 0.66% of total assets at September 30, 2013. Loans past due
30 days or more (including nonaccruing loans) increased $8 million, or 15%,
and represented 0.80% of total loans at December 31, 2013, compared to 0.75%
at September 30, 2013. Classified assets increased $4 million, or 5%, during
the fourth quarter of 2013.



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)        12/31/2012 9/30/2013 12/31/2013  Year/Year   Qtr/Qtr
Nonperforming Assets      $  75,667 $        $  73,034  -3%         -4%
                                     75,863
Past Due Loans            62,083     57,662    66,153      7%          15%
Classified Assets         125,310    78,059    82,199      -34%        5%
Nonperforming             0.69%      0.66%     0.61%       (8)   bps (5)  bps
Assets/Assets
NPAs/(Loans + OREO)       1.12%      0.98%     0.88%       (24)  bps (10) bps
Classified Assets/Total   1.14%      0.66%     0.69%       (45)  bps 3    bps
Assets
(Past Dues &              0.92%      0.75%     0.80%       (12)  bps 5    bps
Nonaccruals)/Loans
Provision For Loan        $         $        $  4,621  270%        61%
Losses                    (2,715)    2,868
Net                       90         303       1,366       1411%       351%
Charge-Offs/(Recoveries)
Provision Less Net        $         $        $  3,255  216%        27%
Charge-Offs               (2,805)    2,565
Net Charge-Offs/Average   0.01%      0.02%     0.07%       6     bps 5    bps
Loans
Allowance For Loan        1.10%      0.83%     0.81%       (29)  bps (2)  bps
Losses/Loans
Allowance for Credit      1.10%      0.99%     0.95%       (15)  bps (4)  bps
Losses to Total Loans

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^(1)
All FDIC-assisted acquisitions and other acquired loans (impaired and not
impaired)
                          Acquired FDIC Covered   Acquired
                          Assets                  Non-Covered
                                                  Acquired Assets
                          Non SFR
                          (Losing                                   Total
                          Loss      SFR (Losing                     Acquired
                          Share     Loss Share    SOP       Non-SOP Assets
                          Coverage  Coverage 10   Assets    Assets
                          within    years from
 ($ thousands)        next 12   Acquisition)
                          months)
                          ^(2)
                          $                   $     $    $    
Loans, net                       $                   
                          405,945   313,848    452,789         1,203,698
                                                            31,116
Other Real Estate Owned   49,068    12,734        9,098     -       70,900
Allowance for Loan Losses (53,552)  (17,623)      (4,370)   (186)   (75,731)
                          $                   $     $    $    
Nonaccrual loans                 $                   
                          114,014    76,002   36,725       226,741
                                                            -
Foreclosed assets         1,328     -             44        -       1,372
Other real estate owned   47,740    12,734        9,054     -       69,528
Accruing Loans More Than  -         579           540       -       1,119
90 Days Past Due
Nonperforming Assets      163,082   89,315        46,363    -       298,760
                          $                   $     $    $    
Total Past Due Loans             $                   
                          124,139    80,153   43,096       247,388
                                                            -
Nonperforming Assets to   35.84%    27.35%        10.04%    0.00%   23.44%
Total Loans and OREO
Past Due and Nonaccrual   30.58%    25.54%        9.52%     0.00%   20.55%
Loans to Loans
                          $                   $     $    $    
Provision For Loan Losses      $                    
                           605        245   (770)         79
                                                            -
Net                       (8)       (0)           15        -       7
Charge-Offs/(Recoveries)
                          $                   $     $    $    
Provision Less Net             $                    
Charge-Offs                613        245   (785)         72
                                                            -
Net Charge-Offs to        0.00%     0.00%         0.01%     0.00%   0.00%
Average Loans
Allowance for Loan Losses 13.19%    5.62%         0.97%     0.60%   6.29%
to Loans
Allowance for Credit      13.19%    5.62%         0.97%     0.72%   6.29%
Losses to Total Loans
^(1) Amounts in this table are presented gross of discounts unless
otherwise noted.
^(2) $49.4 million of loans are maintaining loss share coverage
beyond the next 12 months. $3.7 million of indemnification asset is
collectible from the FDIC and OREO transactions beyond the next 12
months. 

Capital Position

The Company maintains favorable capital strength. At December 31, 2013, the
Company reported a tangible common equity ratio of 8.55%, down nine basis
points compared to September 30, 2013. At December 31, 2013, the Company's
preliminary Tier 1 leverage ratio was 9.70%, up five basis points compared to
September 30, 2013. The Company's preliminary total risk-based capital ratio
at December 31, 2013 was 12.82%, down 46 basis points compared to September
30, 2013. The decline in the risk-based capital ratio was due in part to the
redeployment of cash and FDIC-loan pay downs that carried a zero percent and
20% risk weighting, respectively, 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 fourth quarter of 2013. A total of 46,692 shares remain under the
currently authorized share repurchase program.

At December 31, 2013, book value per share was $51.40, up $0.10 per share
compared to September 30, 2013. Tangible book value per share was $37.17, up
$0.17 per share compared to September 30, 2013. Based on the closing stock
price of the Company's common stock of $62.63 per share on January 28, 2014,
this price equated to 1.22 times December 31, 2013 book value and 1.68 times
December 31, 2013 tangible book value per share.

On December 9, 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 2.17%.

IBERIABANK Corporation

The Company is a financial holding company with 267 combined offices,
including 172 bank branch offices and four loan production offices in
Louisiana, Arkansas, Tennessee, Alabama, Texas, and Florida, 21 title
insurance offices in Arkansas and Louisiana, and mortgage representatives in
61 locations in 12 states. The Company has 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 $1.9
billion, based on the NASDAQ Global Select Market closing stock price on
January 28, 2014.

The following 13 investment firms currently provide equity research coverage
on the Company:

  oBank of America Merrill Lynch
  oFIG Partners, LLC
  oJefferies & Co., Inc.
  oKeefe, Bruyette & Woods, Inc.
  oMerion Capital Group
  oOppenheimer & Co., Inc.
  oRaymond James & Associates, Inc.
  oRobert W. Baird & Company
  oSandler O'Neill + Partners, L.P.
  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, January
29, 2014, beginning at 8:30 a.m. Central Time by dialing 1-800-230-1074. The
confirmation code for the call is 315173. A replay of the call will be
available until midnight Central Time on February 5, 2014 by dialing
1-800-475-6701. The confirmation code for the replay is 315173. 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.

Caution About Forward-Looking Statements

This release contains "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995. In general, forward-looking
statements usually use words such as "may," "believe," "expect," "anticipate,"
"intend," "will," "should," "plan," "estimate," "predict," "continue" and
"potential" or the negative of these terms or other comparable terminology,
including statements related to the expected timing of the closing of the
proposed merger, the expected returns and other benefits of the proposed
merger to shareholders, expected improvement in operating efficiency resulting
from the merger, estimated expense reductions resulting from the transaction
and the timing of achievement of such reductions, the impact on and timing of
the recovery of the impact on tangible book value, and the effect of the
merger on the Company's capital ratios. Forward-looking statements represent
management's beliefs, based upon information available at the time the
statements are made, with regard to the matters addressed; they are not
guarantees of future performance. Forward-looking statements are subject to
numerous assumptions, risks and uncertainties that change over time and could
cause actual results or financial condition to differ materially from those
expressed in or implied by such statements and there can be no assurances
that: the proposed merger will close when expected, the expected returns and
other benefits of the proposed merger to shareholders will be achieved, the
expected operating efficiency will result, estimated expense reductions
resulting from the transaction will occur as and when expected, the impact on
tangible book value will be recovered or as expected or that the effect on the
Company's capital ratios will be as expected. Factors that could cause or
contribute to such differences include, but are not limited to, the
possibility that expected benefits may not materialize in the time frame
expected or at all, or may be more costly to achieve; that the merger
transaction may not be timely completed, if at all; that prior to completion
of the merger transaction or thereafter, the Company's and Teche's respective
businesses may not perform as expected due to transaction-related
uncertainties or other factors; that the parties are unable to implement
successful integration strategies; that the required regulatory, shareholder,
or other closing conditions are not satisfied in a timely manner, or at all;
reputational risks and the reaction of the parties' customers to the merger
transaction; diversion of management time to merger-related issues; and other
factors and risk influences contained in the cautionary language included
under the headings "Management's Discussion and Analysis of Financial
Condition and Results of Operations" and "Risk Factors" in the Company's Form
10-K for the fiscal year ended December 31, 2012, and Form 10-Qs for the
quarters ended March 31, 2013, June 30, 2013 and September 30, 2013 and other
documents subsequently filed by the Company with the SEC and under
"Management's Discussion and Analysis of Financial Condition and Results of
Operations" contained in Teche's Form 10-K for the fiscal year ended September
30, 2013, and other documents subsequently filed by Teche with the SEC.
Consequently, no forward-looking statement can be guaranteed. Neither the
Company nor Teche undertakes any obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. For any forward-looking statements made in this press
release or any related documents, the Company and Teche claim protection of
the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995.

This communication is being made in respect of the proposed merger transaction
involving the Company and Teche. This communication does not constitute an
offer to sell or the solicitation of an offer to buy any securities or a
solicitation of any vote or approval. In connection with the proposed merger,
the Company will file with the SEC a registration statement on Form S-4 that
will include a proxy statement/prospectus for the shareholders of Teche. The
Company also plans to file other documents with the SEC regarding the proposed
merger transaction. Teche will mail the final proxy statement/prospectus to
its shareholders. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS
ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED
TRANSACTION AND ANY OTHER RELEVANT DOCUMENTS CAREFULLY IN THEIR ENTIRETY WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT
THE PROPOSED TRANSACTION. The proxy statement/prospectus, as well as other
filings containing information about the Company and Teche, will be available
without charge, at the SEC's Internet site (http://www.sec.gov). Copies of the
proxy statement/prospectus and the filings with the SEC that will be
incorporated by reference in the proxy statement/prospectus can also be
obtained, when available, without charge, from the Company's website
(http://www.iberiabank.com), under the heading "Investor Information" and on
Teche's website at http://www.teche.com.

The Company and Teche, and certain of their respective directors, executive
officers and other members of management and employees may be deemed to be
participants in the solicitation of proxies from the shareholders of Teche in
respect of the proposed merger transaction. Information regarding the
directors and executive officers of the Company is set forth in the definitive
proxy statement for the Company's 2013 annual meeting of shareholders, as
filed with the SEC on April 12, 2013 and in Forms 3, 4 and 5 filed with the
SEC by its officers and directors. Information regarding the directors and
executive officers of Teche is set forth in the definitive proxy statement for
Teche's 2014 annual meeting of shareholders, as filed with the SEC on December
30, 2013 and in Forms 3, 4 and 5 filed with the SEC by its officers and
directors. Additional information regarding the interests of such
participants will be included in the proxy statement/prospectus and other
relevant documents regarding the proposed merger transaction filed with the
SEC when they become available.





Table 1 - IBERIABANK CORPORATION
FINANCIAL HIGHLIGHTS
                 For The Quarter Ended                For The Quarter
                                                        Ended
                 December 31,                         September 30,
                 2013         2012         % Change     2013        % Change
Income Data (in
thousands):
 Net Interest    $       $                    $    
 Income           103,438             3%                    6%
                              99,990                   97,452
 Net Interest
 Income         105,709      102,439      3%           99,773      6%
 (TE)^ (1)
 Net Income     25,604       23,208       10%          23,192      10%
 Earnings
 Available to
 Common          25,604       23,208       10%          23,192      10%
 Shareholders-
 Basic
 Earnings
 Available to
 Common          25,148       22,780       10%          22,767      10%
 Shareholders-
 Diluted
Per Share Data:
 Earnings
 Available to    $       $                    $    
 Common                         9%                  10%
 Shareholders -  0.86         0.79                      0.78
 Basic
 Earnings
 Available to
 Common          0.86         0.79         9%           0.78        10%
 Shareholders -
 Diluted
 Operating
 Earnings        0.87         0.80         9%           0.83        4%
 (Non-GAAP)
 Book Value     51.40        51.88        (1%)         51.30       0%
 Tangible Book   37.17        37.34        (0%)         37.00       0%
 Value ^(2)
 Cash Dividends  0.34         0.34         -            0.34        -
 Closing Stock   62.85        49.12        28%          51.91       21%
 Price
Key Ratios:
^(3)
 Operating
 Ratios:
 Return on       0.77%        0.73%                     0.71%
 Average Assets
 Return on
 Average Common  6.62%        6.02%                     6.08%
 Equity
 Return on
 Average
 Tangible        9.43%        8.62%                     8.74%
 Common Equity
 ^(2)
 Net Interest
 Margin (TE)    3.52%        3.55%                     3.37%
 ^(1)
 Efficiency      72.2%        75.5%                     76.9%
 Ratio
 Tangible
 Operating
 Efficiency      69.9%        72.5%                     73.0%
 Ratio (TE)
 (Non-GAAP)
 ^(1) (2)
 Full-time
 Equivalent      2,576        2,697                     2,559
 Employees
 Capital
 Ratios:
 Tangible
 Common Equity   8.55%        8.66%                     8.64%
 Ratio
 (Non-GAAP)
 Tangible
 Common Equity
 to              10.39%       12.01%                    10.93%
 Risk-Weighted
 Assets
 Tier 1          9.70%        9.70%                     9.65%
 Leverage Ratio
 Tier 1 Capital  11.57%       12.92%                    12.02%
 Ratio
 Total Risk
 Based Capital   12.82%       14.19%                    13.28%
 Ratio
 Common Stock
 Dividend        39.6%        43.2%                     43.6%
 Payout Ratio
 Asset Quality
 Ratios:
 Excluding FDIC
 Covered Assets
 and Acquired
 Assets
 Nonperforming
 Assets to       0.61%        0.69%                     0.66%
 Total Assets
 ^(4)
 Allowance for
 Loan Losses to  0.81%        1.10%                     0.83%
 Loans
 Net
 Charge-offs to  0.07%        0.01%                     0.02%
 Average Loans
 Nonperforming
 Assets to       0.88%        1.12%                     0.98%
 Total Loans
 and OREO ^(4)
                 For The Quarter Ended   For The Quarter Ended
                 December 31,            September   June 30,  March
                                           30,                     31,
                 2013         2013         2013         2013        2013
Balance Sheet    End of
Summary (in      Period       Average      Average      Average     Average
thousands):
 Excess          $       $       $       $       $   
 Liquidity ^(5)   152,724                213,092            629,406
                              204,970                  294,544
 Total
 Investment      2,090,906    2,131,804    2,096,974    2,096,166   2,096,229
 Securities
 Loans, Net of
 Unearned        9,492,019    9,172,490    8,975,347    8,748,476   8,543,538
 Income
 Loans, Net of
 Unearned
 Income,
  Excluding
 Covered Assets  8,288,321    7,936,271    7,616,272    7,262,803   6,922,784
 and Acquired
 Assets
 Total Assets    13,365,550   13,115,171   12,944,435   12,881,551  13,075,008
 Total Deposits  10,737,000   10,835,263   10,728,256   10,638,478  10,703,883
 Total
 Shareholders'   1,530,979    1,535,043    1,514,155    1,528,606   1,531,068
 Equity

    Fully taxable equivalent (TE) calculations include the tax benefit
(1) associated with related income sources that are tax-exempt using a
    marginal tax rate of 35%.
    Tangible calculations eliminate the effect of goodwill and acquisition
(2) related intangible assets and the corresponding amortization expense on a
    tax-effected basis where applicable.
(3) All ratios are calculated on an annualized basis for the period
    indicated.
    Nonperforming assets consist of nonaccruing loans, accruing loans 90 days
(4) or more past due and other real estate owned, including repossessed
    assets.
    Excess Liquidity includes interest-bearing deposits in banks and fed funds
(5) 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)
BALANCE SHEET (End  December 31,                         September 30,
of Period)
                    2013        2012        % Change     2013        % Change
ASSETS
Cash and Due From   $       $       (3.8%)       $         (8.5%)
Banks               238,672     248,214               260,742
Interest-bearing    152,724     722,763     (78.9%)      292,706     (47.8%)
Deposits in Banks
 Total Cash and   391,396     970,977     (59.7%)      553,448     (29.3%)
Equivalents
Investment
Securities          1,936,797   1,745,004   11.0%        1,964,389   (1.4%)
Available for Sale
Investment
Securities Held to  154,109     205,062     (24.8%)      155,678     (1.0%)
Maturity
 Total Investment 2,090,906   1,950,066   7.2%         2,120,067   (1.4%)
Securities
Mortgage Loans Held 128,442     267,475     (52.0%)      108,285     18.6%
for Sale
Loans, Net of       9,492,019   8,498,580   11.7%        9,043,037   5.0%
Unearned Income
Allowance for Loan  (143,074)   (251,603)   (43.1%)      (148,545)   (3.7%)
Losses
 Loans, Net       9,348,945   8,246,977   13.4%        8,894,492   5.1%
Loss Share          162,312     423,069     (61.6%)      204,885     (20.8%)
Receivable
Premises and        287,510     303,523     (5.3%)       289,157     (0.6%)
Equipment
Goodwill and Other  425,442     429,584     (1.0%)       426,384     (0.2%)
Intangibles
Other Assets        530,597     538,007     (1.4%)       548,359     (3.2%)
 Total Assets     $         $        1.8%         $           1.7%
                    13,365,550  13,129,678               13,145,077
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $       30.9%        $          1.8%
Deposits            2,575,939   1,967,662                2,529,296
NOW Accounts        2,283,490   2,523,252   (9.5%)       2,136,624   6.9%
Savings and Money   4,166,979   4,103,183   1.6%         4,420,776   (5.7%)
Market Accounts
Certificates of     1,710,592   2,154,180   (20.6%)      1,864,068   (8.2%)
Deposit
 Total Deposits   10,737,000  10,748,277  (0.1%)       10,950,764  (2.0%)
Short-term          375,000     -           100.0%       -           100.0%
Borrowings
Securities Sold
Under Agreements to 305,344     303,045     0.8%         258,850     18.0%
Repurchase
Trust Preferred     111,862     111,862     -            111,862     -
Securities
Other Long-term     168,837     311,515     (45.8%)      169,239     (0.2%)
Debt
Other Liabilities   136,528     125,111     9.1%         129,094     5.8%
 Total            11,834,571  11,599,810  2.0%         11,619,809  1.8%
Liabilities
Total Shareholders' 1,530,979   1,529,868   0.1%         1,525,268   0.4%
Equity
 Total
Liabilities and     $         $        1.8%         $           1.7%
Shareholders'       13,365,550  13,129,678               13,145,077
Equity
BALANCE SHEET       December    September   June 30,     March 31,   December
(Average)           31,         30,                                  31,
                    2013        2013        2013         2013        2012
ASSETS
Cash and Due From   $       $       $       $         $    
Banks               225,527     219,113  219,344     220,746    212,404
Interest-bearing    204,970     213,092     294,544      629,406     432,752
Deposits in Banks
Investment          2,131,804   2,096,974   2,096,166    2,096,229   1,957,542
Securities
Mortgage Loans Held 112,499     119,343     170,620      178,387     212,432
for Sale
Loans, Net of       9,172,490   8,975,347   8,748,476    8,543,538   8,384,218
Unearned Income
Allowance for Loan  (148,030)   (160,994)   (183,783)    (245,384)   (196,634)
Losses
Loss Share          188,932     228,047     268,700      384,319     411,328
Receivable
Other Assets        1,226,979   1,253,513   1,267,484    1,267,767   1,278,623
 Total Assets     $         $        $          $           $  
                    13,115,171  12,944,435  12,881,551  13,075,008  12,692,665
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Noninterest-bearing $        $       $        $          $   
Deposits            2,572,599   2,338,772   2,010,263    1,937,890   1,928,361
NOW Accounts        2,145,036   2,257,050   2,488,721    2,464,922   2,207,032
Savings and Money   4,329,985   4,213,765   4,113,671    4,170,123   3,935,675
Market Accounts
Certificates of     1,787,643   1,918,669   2,025,823    2,130,948   2,244,876
Deposit
 Total Deposits   10,835,263  10,728,256  10,638,478   10,703,883  10,315,944
Short-term          49,946      1,630       77           500         9,239
Borrowings
Securities Sold
Under Agreements to 285,745     288,029     294,712      292,448     262,027
Repurchase
Trust Preferred     111,862     111,862     111,862      111,862     111,862
Securities
Long-term Debt      169,063     170,452     181,884      300,071     312,190
Other Liabilities   128,249     130,052     125,932      135,176     147,842
 Total            11,580,128  11,430,280  11,352,945   11,543,940  11,159,104
Liabilities
Total Shareholders' 1,535,043   1,514,155   1,528,606    1,531,068   1,533,561
Equity
 Total
Liabilities and     $         $        $          $           $  
Shareholders'       13,115,171  12,944,435  12,881,551  13,075,008  12,692,665
Equity





Table 3 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                   For The Three Months Ended
INCOME STATEMENT   December 31,                          September 30,
                   2013          2012         % Change   2013         % Change
Interest Income    $           $          (0.6%)     $          5.1%
                   114,092       114,779                 108,512
Interest Expense   10,654        14,789       (28.0%)    11,060       (3.7%)
 Net Interest    103,438       99,990       3.4%       97,452       6.1%
Income
Provision for Loan 4,700         4,866        (3.4%)     2,014        133.3%
Losses
 Net Interest
Income After       98,738        95,124       3.8%       95,438       3.5%
Provision for Loan
Losses
Service Charges    7,455         7,295        2.2%       7,512        (0.8%)
ATM / Debit Card   2,493         2,412        3.4%       2,476        0.7%
Fee Income
BOLI Proceeds and
Cash Surrender     900           909          (0.9%)     908          (0.8%)
Value Income
Mortgage Income    12,356        22,935       (46.1%)    15,202       (18.7%)
Gain (Loss) on
Sale of            19            (4)          566.4%     13           42.2%
Investments, Net
Title Revenue      4,327         5,492        (21.2%)    5,482        (21.1%)
Broker Commissions 4,986         4,192        18.9%      3,950        26.2%
Other Noninterest  6,179         7,123        (13.2%)    7,720        (20.0%)
Income
 Total           38,715        50,354       (23.1%)    43,263       (10.5%)
Noninterest Income
Salaries and       59,403        60,899       (2.5%)     59,234       0.3%
Employee Benefits
Occupancy and      13,986        15,176       (7.8%)     14,572       (4.0%)
Equipment
Amortization of
Acquisition        1,177         1,285        (8.4%)     1,179        (0.2%)
Intangibles
Other Noninterest  28,108        36,081       (22.1%)    33,166       (15.3%)
Expense
 Total
Noninterest        102,674       113,441      (9.5%)     108,152      (5.1%)
Expense
 Income Before   34,779        32,037       8.6%       30,549       13.8%
Income Taxes
Income Taxes       9,175         8,829        3.9%       7,357        24.7%
 Net Income     $          $         10.3%      $         10.4%
                   25,604       23,208                  23,192
 Preferred Stock -             -            -          -            -
Dividends
 Earnings
Available to
Common             25,604        23,208       10.3%      23,192       10.4%
Shareholders -
Basic
 Earnings
Allocated to       (456)         (428)        6.5%       (425)        7.3%
Unvested
Restricted Stock
 Earnings
Available to       $          $                    $   
Common             25,148       22,780       10.4%      22,767      10.5%
Shareholders -
Diluted
Earnings Per       $        $       9.1%       $       10.1%
Share, Diluted     0.86         0.79                   0.78
Impact of
Non-Operating      $        $       (27.1%)    $       (89.1%)
Expenses           0.01         0.01                   0.05
(Non-GAAP)
Earnings Per
Share, Diluted,
Excluding          $        $       8.5%       $       4.1%
Non-operating      0.87         0.80                   0.83
Expenses
(Non-GAAP)
NUMBER OF SHARES
OUTSTANDING
Basic Shares - All 29,673,358    29,401,395   0.9%       29,631,799   0.1%
Classes (Average)
Diluted Shares -
Common             29,236,174    28,904,317   1.1%       29,147,232   0.3%
Shareholders
(Average)
Book Value Shares 29,786,544    29,489,745   1.0%       29,734,459   0.2%
(Period End) ^(1)
                   2013                                               2012
INCOME STATEMENT   Fourth        Third        Second     First        Fourth
                   Quarter       Quarter     Quarter    Quarter      Quarter
Interest Income    $           $          $        $          $  
                   114,092       108,512      108,177   106,416      114,779
Interest Expense   10,654        11,060       11,695     13,545       14,789
 Net Interest    103,438       97,452       96,482     92,871       99,990
Income
(Reversal of)
Provision for Loan 4,700         2,014        1,807      (3,377)      4,866
Losses
 Net Interest
Income After
(Reversal of)      98,738        95,438       94,675     96,248       95,124
Provision for Loan
Losses
Total Noninterest  38,715        43,263       42,489     44,491       50,354
Income
Total Noninterest  102,674       108,152      117,361    144,898      113,441
Expense
 Income (Loss)
Before Income      34,779        30,549       19,803     (4,159)      32,037
Taxes
Income Taxes       9,175         7,357        4,213      (4,876)      8,829
 Net Income      $          $         $       $       $   
                   25,604       23,192       15,590     717        23,208
 Preferred Stock -             -            -          -            -
Dividends
 Earnings
Available to
Common             25,604        23,192       15,590     717          23,208
Shareholders -
Basic
 Earnings
Allocated to       (456)         (425)        (293)      (20)         (428)
Unvested
Restricted Stock
 Earnings
Available to       $          $         $       $       $   
Common             25,148       22,767       15,297     697        22,780
Shareholders -
Diluted
Earnings Per       $        $       $      $       $   
Share, Basic       0.86         0.78         0.53    0.02         
                                                                      0.79
Earnings Per       $        $       $      $       $   
Share, Diluted    0.86         0.78         0.53    0.02         
                                                                      0.79
Book Value Per     $         $        $      $        $   
Common Share       51.40        51.30        50.65     51.33        51.88
Tangible Book      $         $        $      $        $   
Value Per Common   37.17        37.00        36.30     36.93        37.34
Share
Return on Average  0.77%         0.71%        0.49%      0.02%        0.73%
Assets
Return on Average  6.62%         6.08%        4.09%      0.19%        6.02%
Common Equity
Return on Average
Tangible Common    9.43%         8.74%        5.96%      0.55%        8.62%
Equity
(1) Shares used for book value purposes exclude shares held in treasury at the
end of the period.





Table 4 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands except per share data)
                                   For The Year Ended
INCOME STATEMENT                   December 31,
                                   2013               2012            % Change
Interest Income                    $   437,197      $   445,200   (1.8%)
Interest Expense                   46,953             63,450          (26.0%)
 Net Interest Income             390,244            381,750         2.2%
Provision for Loan Losses          5,145              20,671          (75.1%)
 Net Interest Income After       385,099            361,079         6.7%
Provision for Loan Losses
Service Charges                    28,871             26,852          7.5%
ATM / Debit Card Fee Income        9,510              8,978           5.9%
BOLI Proceeds and Cash Surrender   3,647              3,680           (0.9%)
Value Income
Mortgage Income                    64,197             78,053          (17.8%)
Gain on Sale of Investments, net   2,334              3,775           (38.2%)
Title Revenue                      20,526             20,987          (2.2%)
Broker Commissions                 16,333             13,446          21.5%
Other Noninterest Income           23,540             20,226          16.4%
 Total Noninterest Income        168,958            175,997         (4.0%)
Salaries and Employee Benefits     244,981            233,777         4.8%
Occupancy and Equipment            58,037             54,672          6.2%
Amortization of Acquisition        4,720              5,150           (8.3%)
Intangibles
Other Noninterest Expense          165,347            138,586         19.3%
 Total Noninterest Expense       473,085            432,185         9.5%
 Income Before Income Taxes      80,972             104,891         (22.8%)
Income Taxes                       15,869             28,496          (44.3%)
 Net Income                      $    65,103    $    76,395  (14.8%)
 Preferred Stock Dividends       -                  -               -
 Earnings Available to Common    $    65,103    $    76,395  (14.8%)
Shareholders - Basic
 Earnings Allocated to Unvested  (1,209)            (1,433)         (15.6%)
Restricted Stock
 Earnings Available to Common    63,894             74,962          (14.8%)
Shareholders - Diluted
Earnings Per Share, diluted        $      2.20  $          (15.4%)
                                                      2.59





Table 5 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
(dollars in thousands)
LOANS                December 31,                        September 30,
                     2013         2012         % Change  2013         % Change
Residential          $         $         22.9%     $         4.1%
Mortgage Loans       586,532     477,204               563,455
Commercial Loans:
 Real Estate       3,867,305    3,631,543    6.5%      3,779,839    2.3%
 Business          2,996,113    2,537,718    18.1%     2,684,243    11.6%
 Total          6,863,418    6,169,261    11.3%     6,464,082    6.2%
Commercial Loans
Consumer Loans:
 Indirect          375,236      327,985      14.4%     369,755      1.5%
Automobile
 Home Equity       1,291,792    1,251,125    3.3%      1,281,015    0.8%
 Automobile        92,784       60,240       54.0%     87,342       6.2%
 Credit Card       64,321       52,628       22.2%     60,637       6.1%
Loans
 Other            217,936      160,136      36.1%     216,751      0.5%
 Total          2,042,069    1,852,114    10.3%     2,015,500    1.3%
Consumer Loans
 Total Loans   9,492,019    8,498,579    11.7%     9,043,037    5.0%
Allowance for Loan   (143,074)    (251,603)              (148,545)
Losses
 Loans, Net        $          $                    $  
                     9,348,945    8,246,976              8,894,492
Reserve for
Unfunded             (11,147)     -            N/M       (11,959)     (6.8%)
Commitments ^(1)
Allowance for        (154,221)    (251,603)    (38.7%)   (160,503)    (3.9%)
Credit Losses
ASSET QUALITY DATA   December 31,                        September 30,
^(2)
                     2013         2012         % Change  2013         % Change
Nonaccrual Loans     $         $         (50.0%)   $         (20.9%)
                     270,428     540,867               341,691
Foreclosed Assets    1,421        1,473        (3.5%)    1,592        (10.8%)
Other Real Estate    97,752       120,063      (18.6%)   127,395      (23.3%)
Owned
Accruing Loans More
Than 90 Days Past    2,194        4,404        (50.2%)   10,844       (79.8%)
Due
Total Nonperforming  $         $         (44.2%)   $         (22.8%)
Assets               371,795     666,807               481,522
Loans 30-89 Days     $        $       (14.6%)   $        54.7%
Past Due             40,918      47,899                 26,445
Nonperforming
Assets to Total      2.78%        5.08%        (45.2%)   3.66%        (24.1%)
Assets
Nonperforming
Assets to Total      3.88%        7.74%        (49.9%)   5.25%        (26.2%)
Loans and OREO^
Allowance for Loan
Losses to            52.5%        46.1%        13.7%     42.1%        24.6%
Nonperforming Loans
^(3)
Allowance for Loan
Losses to            38.5%        37.7%        2.0%      30.8%        24.7%
Nonperforming
Assets
Allowance for Loan
Losses to Total      1.51%        2.96%        (49.1%)   1.64%        (8.2%)
Loans
Allowance for
Credit Losses to     56.6%        46.1%        22.6%     45.5%        24.3%
Nonperforming Loans
^(1) (3)
Allowance for
Credit Losses to     41.5%        37.7%        9.9%      33.3%        24.4%
Nonperforming
Assets ^(1)
Allowance for
Credit Losses to     1.62%        2.96%        (45.1%)   1.77%        (8.5%)
Total Loans ^(1)
Year to Date         $        $       7.4%      $       N/M
Charge-offs         10,845      10,101                  6,938
Year to Date         (6,887)      (5,277)      30.5%     (4,353)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs           3,958       4,824      (17.9%)    2,585      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs           1,373         89    N/M         239     475.5%
(Recoveries)
Quarter to Date Net
Charge-offs to       0.06%        0.00%        N/M       0.01%        463.2%
Average Loans
(Annualized)
Year to Date Net
Charge-offs to       0.04%        0.06%        (27.4%)
Average Loans

    During the second quarter of 2013, the Company segregated its allowance
(1) 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 meeting
(2) 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   December 31,                        September 30,
Acquired
Assets)^(1)
                     2013         2012         % Change  2013         % Change
Residential          $         $         61.1%     $         6.3%
Mortgage Loans       414,372     257,283               389,912
Commercial Loans:
 Real Estate       3,134,904    2,545,320    23.2%     2,951,465    6.2%
 Business          2,906,051    2,367,434    22.8%     2,589,405    12.2%
 Total          6,040,955    4,912,754    23.0%     5,540,870    9.0%
Commercial Loans
Consumer Loans:
 Indirect          373,383      322,966      15.6%     367,308      1.7%
Automobile
 Home Equity       1,101,227    1,000,639    10.1%     1,072,671    2.7%
 Automobile        92,171       59,834       54.0%     86,680       6.3%
 Credit Card       63,642       51,722       23.0%     59,936       6.2%
Loans
 Other            202,571      142,307      42.3%     202,196      0.2%
 Total          1,832,994    1,577,468    16.2%     1,788,791    2.5%
Consumer Loans
 Total Loans   8,288,321    6,747,505    22.8%     7,719,572    7.4%
Allowance for Loan   (67,343)     (74,211)               (64,165)
Losses
 Loans, Net        $          $                    $  
                     8,220,978    6,673,294              7,655,407
Reserve for
Unfunded             (11,107)     -            N/M       (11,959)     (7.1%)
Commitments ^(2)
Allowance for        (78,450)     (74,211)     5.7%      (76,124)     3.1%
Credit Losses
ASSET QUALITY DATA
(Excluding Covered   December 31,                        September 30,
Assets and Acquired
Assets)^(1)
                     2013         2012         % Change  2013         % Change
Nonaccrual Loans     $        $       (8.8%)    $        (0.3%)
                     43,687      47,916                 43,838
Foreclosed Assets    48           14           255.1%    42           16.2%
Other Real Estate    28,224       26,366       7.0%      30,565       (7.7%)
Owned
Accruing Loans More
Than 90 Days Past    1,075        1,371        (21.6%)   1,418        (24.2%)
Due
Total Nonperforming  $        $       (3.5%)    $        (3.7%)
Assets               73,034      75,667                 75,863
Loans 30-89 Days     $        $       67.2%     $        72.4%
Past Due             21,391      12,796                 12,406
Troubled Debt        19,877       17,710       12.2%     19,941       (0.3%)
Restructurings ^(3)
Current Troubled
Debt Restructurings  1,376        2,354        (41.5%)   1,468        (6.2%)
^(4)
Nonperforming
Assets to Total      0.61%        0.69%        (11.2%)   0.66%        (7.2%)
Assets
Nonperforming
Assets to Total      0.88%        1.12%        (21.4%)   0.98%        (10.3%)
Loans and OREO^
Allowance for Loan
Losses to            150.4%       150.6%       (0.1%)    141.8%       6.1%
Nonperforming Loans
^(5)
Allowance for Loan
Losses to            92.2%        98.1%        (6.0%)    84.6%        9.0%
Nonperforming
Assets
Allowance for Loan
Losses to Total      0.81%        1.10%        (26.1%)   0.83%        (2.2%)
Loans
Allowance for
Credit Losses to     175.3%       150.6%       16.4%     168.2%       4.2%
Nonperforming Loans
^(1) (5)
Allowance for
Credit Losses to     107.4%       98.1%        9.5%      100.3%       7.0%
Nonperforming
Assets ^(1)
Allowance for
Credit Losses to     0.95%        1.10%        (13.9%)   0.99%        (4.0%)
Total Loans ^(1)
Year to Date         $        $       9.8%      $       N/M
Charge-offs         10,687       9,731                6,785
Year to Date         (6,819)      (5,277)      29.2%     (4,283)      N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs          3,868        4,454      (13.2%)    2,502      N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs           1,366          90   N/M         303     351.6%
(Recoveries)
Quarter to Date Net
Charge-offs to       0.07%        0.01%        N/M       0.02%        308.7%
Average Loans
(Annualized)
Year to Date Net
Charge-offs to       0.05%        0.07%        (29.6%)
Average Loans

(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  December 31,                        September 30,
Assets Only)^(1)
                     2013         2012         % Change  2013         % Change
Residential          $         $         (21.7%)   $         (0.8%)
Mortgage Loans       172,160     219,921               173,543
Commercial Loans:
 Real Estate       732,401      1,086,223    (32.6%)   828,374      (11.6%)
 Business          90,062       170,284      (47.1%)   94,838       (5.0%)
 Total          822,463      1,256,507    (34.5%)   923,212      (10.9%)
Commercial Loans
Consumer Loans:
 Indirect          1,853        5,019        (63.1%)   2,447        (24.3%)
Automobile
 Home Equity       190,565      250,486      (23.9%)   208,344      (8.5%)
 Automobile        613          406          51.0%     662          (7.4%)
 Credit Card       679          906          (25.0%)   701          (3.2%)
Loans
 Other            15,365       17,828       (13.8%)   14,555       5.6%
 Total          209,075      274,645      (23.9%)   226,709      (7.8%)
Consumer Loans
 Total Loans    1,203,698    1,751,073    (31.3%)   1,323,464    (9.0%)
Receivable
Allowance for Loan   (75,731)     (177,392)              (84,380)
Losses
 Loans, Net        $          $                    $  
                     1,127,967    1,573,681              1,239,084
ASSET QUALITY DATA
(Covered Assets and  December 31,                        September 30,
Acquired Assets
Only) ^(1)
                     2013         2012         % Change  2013         % Change
Nonaccrual Loans     $         $         (54.0%)   $         (23.9%)
                     226,741     492,951               297,853
Foreclosed Assets    1,372        1,459        (6.0%)    1,550        (11.5%)
Other Real Estate    69,528       93,697       (25.8%)   96,830       (28.2%)
Owned
Accruing Loans More
Than 90 Days Past    1,119        3,033        (63.1%)   9,426        (88.1%)
Due
Total Nonperforming  $         $         (49.5%)   $         (26.4%)
Assets               298,760     591,140               405,659
Loans 30-89 Days     19,527       35,103       (44.4%)   14,039       39.1%
Past Due
Nonperforming
Assets to Total      21.27%       27.81%       (23.5%)   25.19%       (15.6%)
Assets
Nonperforming
Assets to Total      23.44%       32.02%       (26.8%)   28.53%       (17.8%)
Loans and OREO^
Allowance for Loan
Losses to            33.2%        35.8%        (7.1%)    27.5%        21.0%
Nonperforming Loans
^(2)
Allowance for Loan
Losses to            25.3%        30.0%        (15.5%)   20.8%        21.9%
Nonperforming
Assets
Allowance for Loan
Losses to Total      6.29%        10.13%       (37.9%)   6.38%        (1.3%)
Loans
Year to Date         $       $       (57.4%)   $       N/M
Charge-offs           158       370                 153
Year to Date         (68)         (0)          N/M       (70)         N/M
Recoveries
Year to Date Net     $       $                 $     
Charge-offs             90      370     (75.7%)      83    N/M
(Recoveries)
Quarter to Date Net  $       $                 $     
Charge-offs              7       (1)  N/M          (64)   110.2%
(Recoveries)
Quarter to Date Net
Charge-offs to       0.00%        0.00%        N/M       -0.02%       111.2%
Average Loans
(Annualized)
Year to Date Net
Charge-offs to       0.01%        0.02%        (69.0%)
Average Loans

    For purposes of this table, acquired loans and nonperforming assets are
(1) presented only. Nonperforming assets include 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)
                4Q 2012        1Q 2013        2Q 2013        3Q 2013        4Q 2013
                Average Yield  Average Yield  Average Yield  Average Yield  Average Yield
                Balance        Balance        Balance        Balance        Balance
Non Covered     $      4.52%  $      4.44%  $      4.40%  $      4.39%  $      4.43%
Loans, net      7,272          7,504          7,794          8,104          8,421
FDIC Covered    $      17.53% $      16.05% $     12.62% $     13.90% $     19.46%
Loans, net      1,112          1,039          955           872           751
Covered Loans,
net of          $             $             $             $             $  
Indemnification 1,523   7.68%  1,424   5.35%  1,223   5.11%  1,100   3.66%  940    4.28%
Asset
Amortization





Table 8 - IBERIABANK CORPORATION
CONDENSED CONSOLIDATED FINANCIAL INFORMATION
Taxable Equivalent Basis
(dollars in thousands)
                                For The Quarter Ended
                     December 31, 2013                  September 30, 2013      December 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              570,480    6.12%       545,017    5.05%       433,164    7.70%
                     8,730
Commercial Loans     92,032     6,570,033   5.57%       6,443,410   5.49%       6,101,343   6.13%
(TE) ^(1)
Consumer and Other   29,830     2,031,977   5.82%       1,986,920   4.84%       1,849,711   6.28%
Loans
Total Loans         130,592    9,172,490   5.66%       8,975,347   5.32%       8,384,218   6.25%
Loss Share           (29,142)   188,932     -60.36%     228,047     -39.25%     411,328     -26.83%
Receivable
 Total Loans
and Loss Share       101,450    9,361,422   4.33%       9,203,394   4.21%       8,795,546   4.70%
Receivable
Mortgage Loans Held  1,143      112,499     4.06%       119,343     4.32%       212,432     2.96%
for Sale
Investment
Securities (TE)      10,907     2,129,679   2.21%       2,093,549   1.98%       1,896,092   2.09%
^(1)(2)
Other Earning       592        250,295     0.94%       258,362     0.89%       486,544     0.61%
Assets
Total Earning       114,092    11,853,895  3.87%       11,674,648  3.74%       11,390,614  4.06%
Assets
Allowance for Loan             (148,030)               (160,994)               (196,634)
Losses
Nonearning Assets               1,409,306               1,430,781               1,498,685
Total Assets                    $                     $                     $  
                                13,115,171              12,944,435              12,692,665
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
                     $      $                    $                    $   
 NOW Accounts          2,145,036   0.32%       2,257,050   0.34%       2,207,032   0.34%
                     1,720
 Savings and
Money Market         2,821      4,329,985   0.26%       4,213,764   0.25%       3,935,675   0.43%
Accounts
 Certificates   3,566      1,787,643   0.79%       1,918,669   0.83%       2,244,876   0.90%
of Deposit
 Total
Interest-bearing     8,107      8,262,664   0.39%       8,389,483   0.40%       8,387,583   0.53%
Deposits
 Short-term        125        335,691     0.15%       289,659     0.14%       271,266     0.21%
Borrowings
 Long-term Debt    2,422      280,925     3.37%       282,314     3.37%       424,052     3.17%
 Total
Interest-bearing     10,654     8,879,280   0.47%       8,961,456   0.49%       9,082,901   0.65%
Liabilities
Noninterest-bearing             2,572,599               2,338,772               1,928,361
Demand Deposits
Noninterest-bearing             128,249                 130,052                 147,842
Liabilities
 Total                  11,580,128              11,430,280              11,159,104
Liabilities
Shareholders'                   1,535,043               1,514,155               1,533,561
Equity
 Total
Liabilities and                 $                     $                     $  
Shareholders'                   13,115,171              12,944,435              12,692,665
Equity
Net Interest Spread             $       3.40%       $       3.25%       $       3.41%
                                103,438                 97,452                99,990
Tax-equivalent                  2,271       0.08%       2,321       0.08%       2,449       0.08%
Benefit
Net Interest Income             $                   $                   $    
(TE) / Net Interest             105,709    3.52%        99,773   3.37%       102,439    3.55%
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 Year Ended
                                December 31, 2013                  December 31, 2012
                                Average    Average               Average    Average
                     Interest  Balance     Yield/Rate  Interest  Balance     Yield/Rate
                                            (%)                                (%)
ASSETS
Earning Assets:
Loans Receivable:
                     $      $                   $      $    
Mortgage Loans                 520,872  5.87%                 442,088  7.52%
                     30,598                            33,247
Commercial Loans     350,451    6,386,364   5.50%       373,497    5,703,163   6.54%
(TE) ^(1)
Consumer and Other   107,887    1,954,766   5.52%       107,192    1,700,427   6.30%
Loans
Total Loans         488,936    8,862,002   5.53%       513,936    7,845,678   6.54%
Loss Share           (97,849)   266,856     -36.16%     (118,100)  485,270     -23.94%
Receivable
 Total Loans
and Loss Share       391,087    9,128,858   4.31%       395,836    8,330,948   4.77%
Receivable
Mortgage Loans Held  5,108      144,961     3.52%       5,318      162,053     3.28%
for Sale
Investment
Securities (TE)      38,230     2,081,523   2.01%       41,265     1,959,754   2.31%
^(1)(2)
Other Earning       2,772      380,050     0.73%       2,781      379,660     0.73%
Assets
Total Earning       437,197    11,735,392  3.78%       445,200    10,832,415  4.16%
Assets
Allowance for Loan             (184,217)                          (184,127)
Losses
Nonearning Assets               1,452,813                          1,448,684
Total Assets                    $                               $   
                                13,003,988                         12,096,972
LIABILITIES AND
SHAREHOLDERS'
EQUITY
Interest-bearing
liabilities
 Deposits:
                     $      $                   $      $    
 NOW Accounts          2,337,831   0.32%               2,035,544   0.37%
                     7,557                              7,475
 Savings and
Money Market         11,685     4,207,343   0.28%       17,034     3,661,697   0.47%
Accounts
 Certificates   16,604     1,964,702   0.85%       24,855     2,302,081   1.08%
of Deposit
 Total
Interest-bearing     35,846     8,509,876   0.42%       49,364     7,999,322   0.62%
Deposits
 Short-term        490        303,352     0.16%       650        284,201     0.22%
Borrowings
 Long-term Debt    10,617     316,775     3.31%       13,436     431,133     3.07%
 Total
Interest-bearing     46,953     9,130,003   0.51%       63,450     8,714,656   0.73%
Liabilities
Noninterest-bearing             2,216,959                          1,718,849
Demand Deposits
Noninterest-bearing             129,833                            149,950
Liabilities
 Total                  11,476,795                         10,583,455
Liabilities
Shareholders'                   1,527,193                          1,513,517
Equity
 Total
Liabilities and                 $                               $   
Shareholders'                   13,003,988                         12,096,972
Equity
Net Interest Spread             $       3.26%                  $       3.43%
                                 390,244                          381,750
Tax-equivalent                  9,452       0.08%                  9,659       0.09%
Benefit
Net Interest Income             $                              $    
(TE) / Net Interest              399,696  3.38%                   391,409  3.58%
Margin (TE) ^(1)

    Fully taxable equivalent (TE) calculations include the tax benefit
(1) associated with related income sources that aretax-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)
                             For The Quarter Ended
                             December 31,     September 30,      December 31,
                             2013             2013               2012
                             $         $          $      
Net Interest Income (GAAP)      103,438       97,452        
                                                                 99,990
Effect of Tax Benefit on     2,271            2,321              2,449
Interest Income
Net Interest Income (TE)     105,709          99,773             102,439
(Non-GAAP) ^(1)
Noninterest Income (GAAP)    38,715           43,263             50,354
Effect of Tax Benefit on     485              489                489
Noninterest Income
Noninterest Income (TE)      39,200           43,752             50,843
(Non-GAAP) ^(1)
Taxable Equivalent Revenues  144,909          143,525            153,282
(Non-GAAP) ^(1)
 Securities Losses         (19)             (13)               4
(Gains)
 Other noninterest income  -                -                  (2,196)
Taxable Equivalent           $         $          $      
Operating Revenues              144,890      143,512        
(Non-GAAP) ^(1)                                                  151,090
Total Noninterest Expense    $         $          $      
(GAAP)                          102,674      108,152        
                                                                 113,441
Less Intangible              (1,177)          (1,179)            (1,285)
Amortization Expense
Tangible Noninterest         101,497          106,973            112,156
Expense (Non-GAAP) ^(2)
Merger-related expenses      566              85                 1,183
Severance expenses           216              554                370
Occupancy expenses and       -                594                711
branch closure expenses
(Gain) Loss on sale of
long-lived assets, net of    (225)            977                -
impairment
Provision for FDIC clawback  -                667                -
liability
Debt prepayment              -                -                  -
Termination of debit card    (311)            -                  -
rewards program
Professional expenses and    -                (630)              339
litigation settlements
Tangible Operating           $         $          $      
Noninterest Expense             101,251      104,725        
(Non-GAAP) ^(2)                                                  109,553
Return on Average Common     6.62%            6.08%              6.02%
Equity (GAAP)
Effect of Intangibles ^(2)   2.81%            2.66%              2.60%
Effect of Non Operating      0.05%            0.52%              0.09%
Revenues and Expenses
Operating Return on Average
Tangible Common Equity       9.47%            9.26%              8.71%
(Non-GAAP) ^(2)
Efficiency Ratio (GAAP)      72.2%            76.9%              75.5%
 Effect of Tax Benefit
Related to Tax Exempt        (1.3%)           (1.5%)             (1.5%)
Income
Efficiency Ratio (TE)       70.9%            75.4%              74.0%
(Non-GAAP) ^(1) 
 Effect of Amortization   (0.8%)           (0.9%)             (0.8%)
of Intangibles
 Effect of Non-Operating  (0.2%)           (1.6%)             (0.7%)
Items
Tangible Operating
Efficiency Ratio             69.9%            73.0%              72.5%
(TE)(Non-GAAP) ^(1) (2)

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





Table 11 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES^(1)
(dollars in thousands)
                For The Quarter Ended
                December 31, 2013          September 30, 2013         December 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)          25,604              23,192  0.78          23,208  0.79
                34,779             0.86   30,549                     32,037
Noninterest
income
adjustments
Loss (Gain) on
sale of         (19)     (12)      (0.00)  (13)     (8)       0.00    4        3         -
investments
Other
noninterest     -        -         -       -        -         -       (2,196)  (1,427)   (0.05)
income
Noninterest
expense
adjustments
Merger-related  566      368       0.01    85       55        0.00    1,183    769       0.03
expenses
Severance       216      141       0.00    554      360       0.01    370      241       0.01
expenses
(Gain) Loss on
sale of
long-lived      (225)    (146)     (0.00)  977      635       0.02    -        -         -
assets, net of
impairment
Provision for
FDIC clawback   -        -         -       667      434       0.01    -        -         -
liability
Occupancy
expenses and    -        -         -       594      386       0.01    711      462       0.02
branch closure
expenses
Termination of
debit card      (311)    (202)     (0.01)  -        -         -       -        -         -
rewards
program
Professional
expenses and    -        -         -       (630)    (410)     (0.01)  339      220       0.01
litigation
settlements
Operating
earnings        35,006   25,753    0.87    32,783   24,644    0.83    32,448   23,476    0.80
(Non-GAAP)
^(3)
Covered and
acquired
(reversal of)   79       51        0.00    (854)    (555)     (0.02)  7,581    4,928     0.17
provision for
loan losses
Other
(reversal of)   4,621    3,004     0.10    2,868    1,864     0.07    (2,715)  (1,765)   (0.06)
provision for
loan losses
Pre-provision   $               $     $                       $   
operating            $               $     $          $     $  
earnings                                                      
(Non-GAAP)      39,706    28,808 0.97   34,797    25,953  0.89   37,314    26,639  0.91
^(3)

(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 December 31, 2013 and September 30, 2013.





Table 12 - IBERIABANK CORPORATION
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES^(1)
(dollars in thousands)
                      For The Year Ended
                      December 31, 2013            December 31, 2012
                      Dollar Amount                Dollar Amount
                      Pre-tax  After-tax Per     Pre-tax  After-tax Per
                                ^(2)      share             ^(2)      share
Net Income (Loss)     $     $     $     $     $     $   
(GAAP)                                           
                       80,972   65,103 2.20    104,891   76,395  2.59
Noninterest income
adjustments
Loss (Gain) on sale   (2,334)   (1,517)   (0.05)   (3,775)   (2,453)   (0.08)
of investments
Other noninterest     -         -         -        (2,196)   (1,427)   (0.05)
income
Noninterest expense
adjustments
Merger-related        783       509       0.02     5,123     3,330     0.10
expenses
Severance expenses    2,538     1,649     0.05     2,355     1,530     0.05
(Gain) Loss on sale
of long-lived         37,183    24,169    0.81     2,902     1,886     0.05
assets, net of
impairment
Provision for FDIC    797       518       0.02     -         -         -
clawback liability
Debt prepayment       2,307     1,500     0.05     -         -         -
Occupancy expenses
and branch closure    1,275     829       0.03     836       543       0.02
expenses
Termination of debit  139       90        0.00     -         -         -
card rewards program
Professional
expenses and          (480)     (312)     (0.01)   2,795     1,816     0.06
litigation
settlements
Operating earnings    123,180   92,538    3.12     112,931   81,621    2.74
(Non-GAAP) ^(3)
Covered and acquired
(reversal of)         (786)     (511)     (0.02)   16,867    10,964    0.37
provision for loan
losses
Other (reversal of)
provision for loan    5,932     3,856     0.13     3,804     2,472     0.08
losses
Pre-provision         $     $     $     $     $     $   
operating earnings                                
(Non-GAAP) ^(3)       128,326   95,883 3.23    133,602   95,057  3.19

(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 year ending
    December 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