Iberiabank (IBKC) 8-K IBERIABANK Corporation Reports Third Quarter 2007 Results

Exhibit 99.1

FOR IMMEDIATE RELEASE

October 24, 2007

Contact:

Daryl G. Byrd, President and CEO (337) 521-4003

John R. Davis, Senior Executive Vice President (337) 521-4005

IBERIABANK Corporation Reports Third Quarter 2007 Results

LAFAYETTE, LOUISIANA — IBERIABANK Corporation(NASDAQ: IBKC), the holding company of the 120-year-old IBERIABANK (www.iberiabank.com) and Pulaski Bank and Trust Company (www.pulaskibank.com), announced earnings of $12.1 million for the quarter ended September 30, 2007, up 22% compared to the same period in 2006 and up 20% compared to the second quarter of 2007 (“linked quarter basis”). In the third quarter of 2007, the Company reported fully diluted earnings per share (“EPS”) of $0.94 down 5% compared to $0.99 in the same quarter of 2006, and up 21% on a linked quarter basis. The reported EPS of $0.94 included merger-related costs and the impact of recent accounting changes, which management has consistently excluded from its annual EPS guidance. The Company incurred in the third quarter of 2007 merger-related and other severance costs totaling $0.2 million on a pre-tax basis, the aggregate negative impact of which was $0.01 per fully diluted share on an after-tax basis. In addition, the Company incurred $0.5 million in pre-tax expense associated with SFAS 133 and SFAS 123R, or $0.02 per share on an after-tax basis.

Excluding these merger-related and severance costs and changes in accounting treatment, the adjusted (non-GAAP) EPS figure was $0.98. The consensus analyst EPS estimate for the third quarter of 2007 for the Company was $0.91 as reported by First Call.

The following table provides a non-GAAP reconciliation of net income and fully diluted earnings per share adjusting for the merger-related and other severance costs that were incurred in the most recent four quarters and the financial impact of recent accounting changes. Management believes this non-GAAP table provides a useful measure of operating earnings trends.

Non-GAAP Pro Forma Net Income And EPS	4Q 2006		1Q 2007		2Q 2007		3Q 2007
(After-tax; Dollars in thousands)
Net Income As Reported	$	8,915	$	9,155	$	10,027	$	12,061
Add: Merger-related And Severance Costs		109		873		1,930		151
Add: Impact of FAS 123R and 133		101		193		117		312
Net Income – Guidance Basis	$	9,125	$	10,221	$	12,074	$	12,524
(After-tax; Per share basis)
Fully Diluted EPS As Reported	$	0.87	$	0.76	$	0.78	$	0.94
Add: Merger-related And Severance Costs		0.03		0.06		0.14		0.01
Add: Impact of FAS 123R and 133		0.02		0.02		0.01		0.02
EPS – Guidance Basis	$	0.92	$	0.84	$	0.93	$	0.98

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Highlights For The Quarter Ended September 30, 2007

• Loans. Average loans increased $124 million, or 4%, between the second and third quarters of 2007. On a period-end basis, total loans were $3.3 billion, an increase of $128 million, or 4%, between June 30, 2007 and September 30, 2007.

• Deposits. Average deposits decreased $8 million, on a linked quarter basis. Period-end deposits were $3.4 billion, an increase of $23 million, or 1%, between June 30, 2007 and September 30, 2007.

• Asset Quality. Annualized net charge-offs equated to 0.05% of average loans in the third quarter of 2007, compared to between 0.01% and 0.04% in each of the six preceding quarters. Total nonperforming assets (“NPAs”) increased to 0.58% of total assets at September 30, 2007, compared to 0.45% at June 30, 2007. The increase in the NPA ratio was tied to acquisition-related credits. The franchise in Louisiana reported an NPA ratio of 0.17% at September 30, 2007, or an increase of only one basis point compared to 0.16% at June 30, 2007. In contrast, the Pulaski franchise increased from 1.15% to 1.61% during this period.

• Loan Loss Provision. The Company recorded a pre-tax negative provision during the third quarter of $1.7 million which equated to $0.09 per fully diluted share on an after-tax basis. Strong credit trends in the Louisiana loan portfolio, improved market conditions in New Orleans and continued very favorable economic conditions in South Louisiana resulted in a $4.1 million reserve reversal during the quarter. At the Pulaski subsidiary, declining credit quality associated with the construction builder portfolio resulted in a $2.4 million provision.

• Branches. On September 14, 2007, the Company opened a new office at 601 Poydras Street in the central business district of New Orleans. A total of 14 new branch offices have been opened under the Company’s branch expansion initiative, open an average duration of 15 months. These offices continue to experience steady loan and deposit growth. Total loan balances in these branches were $67 million at September 30, 2007, up 32% compared to June 30, 2007. Similarly, aggregate deposit balances in these branches totaled $77 million at September 30, 2007, up 12% compared to June 30, 2007. The net after-tax cost of the branches was $0.05 per diluted share in the third quarter of 2007, down $0.01 compared to $0.06 per diluted share in the second quarter of 2007.

Balance Sheet And Yields

Total assets climbed $90 million, or 2%, since June 30, 2007 to $4.8 billion. Shareholders’ equity increased $10 million, or 2%, during this period to $482 million at September 30, 2007.

Period-End Loan Volumes ($ in thousands)

Loans	Louisiana Bank								Acquired Entities								Since Acq.
	3/31/07		6/30/07			9/30/07			2/1/07		6/30/07			9/30/07
Commercial	$	1,229,238	$	1,306,476		$	1,386,169		$	446,640	$	495,694		$	502,947		13	%
Consumer		551,469		577,029			587,361			239,721		231,273			248,889		4	%
Mortgage		490,670		501,722			513,247			67,216		67,038			68,221		1	%
Total Loans	$	2,271,377	$	2,385,227		$	2,486,777		$	753,577	$	794,005		$	820,057		9	%
Growth				5	%		4	%				5	%		3	%

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Total loans increased $128 million, or 4%, from June 30, 2007 to September 30, 2007. Loan growth was exhibited in both the Louisiana and the acquired franchise markets. Over this period, commercial loans climbed $87 million, or 5%, consumer loans increased $28 million, or 3%, permanent residential mortgage loans increased $9 million, or 2%, and construction loans to retail clients increased $4 million, or 7%, to $61 million at September 30, 2007. Owner occupied retail construction loans accounted for less than 2% of total loans at September 30, 2007, essentially unchanged compared to June 30, 2007.

In addition to owner occupied residential construction loans, the Company also has residential construction exposure through its commercial division that lends to local builders through its subsidiaries. Commercial builder loans in the Louisiana franchise totaled $115 million, or 4%, of total consolidated loans with no loans past due or on nonaccrual status. As previously stated in the second quarter of 2007, during the acquisition due diligence process at Pulaski Bank, issues were identified associated with some of these loans. At the closing of the Pulaski acquisition, a number of these loans were put on non-accrual status and discounted to expected, realizable value. The Company continued to pursue the strategy Pulaski commenced in May 2006 to compress this construction portfolio in Northwest Arkansas, Little Rock, and Memphis. The Pulaski construction portfolio, which totaled $87 million at acquisition in February 2007, declined $20 million to a level of $68 million at September 30, 2007, including a $6 million decline within the last 90 days as homes were sold and loans continued to be paid down. At September 30, 2007, Pulaski’s construction portfolio accounted for only 2% of the consolidated loan portfolio.

This portfolio exhibited further credit deterioration during the third quarter of 2007 as a result of the spill over effect of the sub-prime market collapse. Nonaccrual loans in this segment totaled $7.5 million and related discounts totaled $1.0 million. The Company provided additional reserves during the quarter to account for the potential credit risk associated with these loans. The Company believes the combination of reserves and established impairments are adequate to account for the risk associated with the Pulaski portfolio.

At September 30, 2007, approximately 71% of the Company’s loan portfolio had fixed interest rates. Eliminating fixed rate loans that mature within a one-year time frame reduces this figure to 56%. Approximately 83% of the Company’s deposit base reprices within the next 12 months.

On a linked quarter basis, the yield on average total loans increased eight basis points to 6.97%. On this basis, the yield on commercial, mortgage, and the consumer loans each increased seven or eight basis points during the third quarter of 2007.

The investment portfolio volume increased $28 million, or 3%, to $845 million at September 30, 2007. The investment portfolio equated to 18% of total assets at September 30, 2007, compared to 17% at June 30, 2007. The Company’s investment portfolio duration shortened during the quarter. At September 30, 2007, the portfolio had a modified duration of 2.9 years, compared to 3.2 years at June 30, 2007. The Company’s investment portfolio had very limited extension risk. Based on current projected speeds and other assumptions, the portfolio is expected to generate approximately $259 million in cash flows, or about 31% of the portfolio, over the next 15 months. The portfolio had an unrealized loss of approximately $2 million at September 30, 2007, compared to an unrealized loss of $13 million at June 30, 2007. The average yield on investment securities increased four basis points on a linked quarter basis, to 5.31% in the third quarter of 2007.

Recent financial media attention has focused on downgrades in mortgage-related investments possessing significant amounts of collateral that is considered “sub-prime” (higher credit risk), “Alt-A” (low documentation), and/or “second lien” by the large rating agencies. At September 30, 2007, the Company had no investment instruments containing material amounts of these types of collateral. Similarly, as described in detail in the Company’s press release dated March 21, 2007, the Company considers its mortgage origination business exposure to the sub-prime and Alt-A segments as extremely low. Through the first nine months of 2007, Pulaski Mortgage Company, a subsidiary of Pulaski Bank and Trust

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Company, originated $466 million in mortgage loans, down 6% compared to the same period in 2006. Approximately 0.9% of the Company’s production in 2007 was considered sub-prime, 4.6% was designated Alt-A, and 5.4% of originations were “jumbo” mortgages.

Period-End Deposit Volumes ($ in thousands)

Deposits	Louisiana Bank								Acquired Entities								Since Acq.
	3/31/07		6/30/07			9/30/07			2/1/07		6/30/07			9/30/07
Noninterest	$	354,791	$	356,902		$	366,090		$	96,077	$	101,212		$	98,876		3	%
NOW Accounts		656,665		638,986			642,094			193,400		195,349			177,151		-8	%
Savings/MMkt		593,548		589,708			605,814			176,322		183,416			176,938		0	%
Time Deposits		852,674		831,599			873,645			539,254		529,353			514,555		-5	%
Total Deposits	$	2,457,678	$	2,417,195		$	2,487,643		$	1,005,053	$	1,009,330		$	967,520		-4	%
Growth				-2	%		3	%				0	%		-4	%

Total deposits at September 30, 2007 increased $23 million, or 1%, compared to June 30, 2007. On this basis, noninterest bearing deposits increased $1 million and interest bearing deposits increased $22 million, or 1%. The cost of interest bearing deposits in the third quarter of 2007 was 3.61%, an increase of only one basis point on a linked quarter basis. The cost of total interest bearing liabilities increased six basis points during this period as the cost of short-term borrowings increased 17 basis points. The Company’s loans-to-deposits ratio increased from 92.8% at June 30, 2007 to 95.9% at September 30, 2007.

During the third quarter, deposits at Pulaski declined $42 million between June 30, 2007 and September 30, 2007. The decline was due to two primary factors. First, the Company announced the closure of Pulaski’s branch office in Broken Arrow, Oklahoma. Deposits at this office were primarily high-cost institutional deposits. During the third quarter of 2007, deposits at this office declined $23 million. Second, the Company continued efforts to reposition Pulaski’s deposit pricing strategy from a high priced deposit strategy to more of a relationship driven pricing strategy. The result was a reduced level of deposits, primarily in northeast Arkansas.

Operating Results

Tax-equivalent net interest income increased $1.4 million, or 4% on a linked quarter basis, driven by average earning asset growth of $129 million, or 3%, and a three basis point improvement in the margin. On a linked quarter basis, an eight basis point increase in earning asset yield was only partially offset by a six basis point increase in the cost of interest bearing liabilities. The earning asset growth was primarily commercial and consumer loan volume growth and increase in cost of liabilities was due to higher short-term borrowing costs. The Company’s net interest spread and tax-equivalent margin each improved three basis points on a linked quarter basis. The Company’s margin in the third quarter of 2007 was 3.12% and 3.16% in the month of September 2007.

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Average Yields/Cost (Taxable Equivalent Basis)

	Louisiana Bank						IBERIABANK Corporation
	4Q06		1Q07		2Q07		3Q07		4Q06		1Q07		2Q07		3Q07
Earning Asset Yield	6.20	%	6.35	%	6.40	%	6.50	%	6.20	%	6.42	%	6.52	%	6.60	%
Cost Of Int-Bearing Liabs	3.39	%	3.49	%	3.55	%	3.63	%	3.48	%	3.72	%	3.83	%	3.89	%
Net Interest Spread	2.81	%	2.86	%	2.86	%	2.87	%	2.72	%	2.70	%	2.69	%	2.72	%
Net Interest Margin	3.33	%	3.37	%	3.35	%	3.37	%	3.20	%	3.13	%	3.09	%	3.12	%

Noninterest income in the third quarter of 2007 decreased $1.5 million, or 7%, on a linked quarter basis. Revenue declines in the third quarter were driven by seasonal declines in certain business lines, the gain of $0.8 million on the sale of MasterCard common stock in the second quarter of 2007, and interest rate movements related to FAS 133. Regarding seasonal businesses, gains on the sale of mortgage loans in the third quarter of 2007 decreased $0.1 million, or 3%, on a linked quarter basis. Loans sold into the secondary market totaled $244 million during the quarter. Brokerage commissions declined $0.1 million, or 8% and title revenues decreased $0.9 million, or 16% on a linked quarter basis. The decline in title revenue resulted primarily from fewer commercial title opportunities in Louisiana and national accounts activity, which tend to be unpredictable in nature. Partially offsetting these revenue declines were significant improvements in service charges on deposit accounts (up $0.3 million, or 6% on a linked quarter basis) and ATM/debit card fee income (up $0.3 million, or 31%).

Noninterest expense decreased $2.4 million, or 6%, on a linked quarter basis, due primarily to three factors. First, recent staff reduction initiatives throughout the Company and lower incentive and commission payments resulted in a $0.9 million, or 4%, decline in salary and benefit costs. Second, financial results in the third quarter benefited from acquisition cost savings. Third, the Company incurred $0.2 million in pre-tax merger-related and other severance costs during the third quarter of 2007, compared to $3.1 million of these expenses in the second quarter of 2007. Finally, the Company experienced increases in certain expense categories associated with specific initiatives which partially offset the aforementioned expense reductions. These initiative-driven expense categories include occupancy and equipment, computer service expense, ATM/debit card expenses, and credit/loan related costs, each of which were up $0.1 to $0.2 million on a linked quarter basis.

Net income in the third quarter of 2007 totaled $12.1 million, up 20% from $10.0 million on a linked quarter basis, and up 22% compared to one year ago. Return on average assets (“ROA”) was 1.01% for the third quarter of 2007. Return on average equity (“ROE”) was 10.03%, and return on average tangible equity was 22.17%. Excluding merger-related and other severance costs and changes in accounting treatment, the comparable figures were 1.05%, 10.42%, and 23.00%, respectively.

Asset Quality

The Company experienced continued strength in credit quality statistics at the legacy IBERIABANK franchise and market-driven deterioration in the acquired construction portfolio at the Pulaski franchise. The Company reported a ratio of net charge-offs to average loans of 0.05% in the third quarter of 2007, compared to between 0.01% and 0.04% in each of the preceding six quarters.

The Company believes it uses a conservative definition of NPAs. The Company considers NPAs to include nonaccruing loans, accruing loans more than 90 days past due, foreclosed assets, and other real estate owned. NPAs amounted to $28.0 million at September 30, 2007, or 0.58% of total assets, up $6.9 million, or 33%, compared to $21.1 million, or 0.45% of total assets, at June 30, 2007. The acquired entities accounted for $22.0 million, or 79%, of the NPAs at September 30, 2007, up $6.1 million, or 38%, compared to $15.9 million at June 30, 2007. Loans past due 30 days or more (including nonaccruing loans) represented 1.11% of total loans at September 30, 2007, compared to 1.07% of total loans at June 30, 2007.

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Loans Past Due

Loans Past Due 30 Days Or More And Nonaccruing Loans As % Of Loans Outstanding

By Entity:		12/31/06		3/31/07		6/30/07		9/30/07
IBERIABANK
30+ Days Past Due		0.25	%	0.50	%	0.32	%	0.29	%
Non-accrual		0.12	%	0.14	%	0.11	%	0.12	%
Total Past Due		0.37	%	0.64	%	0.42	%	0.41	%
Pulaski Bank & Trust
30+ Days Past Due		—		1.07	%	1.54	%	1.51	%
Non-accrual		—		1.63	%	1.48	%	1.53	%
	��
Total Past Due		—		2.70	%	3.02	%	3.04	%
Consolidated
30+ Days Past Due		0.25	%	0.64	%	0.62	%	0.62	%
Non-accrual		0.12	%	0.51	%	0.45	%	0.49	%
Total Past Due		0.37	%	1.15	%	1.07	%	1.11	%

For Pulaski Bank & Trust Company, the increase in past dues resulted primarily from construction and land development credits in Northwest Arkansas and Memphis.

At September 30, 2007, the allowance for loan losses was 1.08%, compared to 1.19% at June 30, 2007. Loan loss reserve coverage of nonperforming loans and nonperforming assets at September 30, 2007 were 1.7 and 1.3 times, respectively, compared to 2.2 and 1.8 times, respectively, at June 30, 2007.

Capital Position

Average shareholders’ equity increased $1.3 million on a linked quarter basis. At September 30, 2007, shareholders’ equity was $482 million, or an increase of $10 million, or 2% compared to June 30, 2007. The Company’s equity-to-assets ratio was 10.00% at September 30, 2007, compared to 9.98% at June 30, 2007. Book value per share and tangible book value per share each increased significantly between June 30, 2007 and September 30, 2007. At September 30, 2007, book value was $37.74, up $1.10 per share, or 3% compared to June 30, 2007. Similarly, tangible book value per share climbed $0.95 or 6% over that period. Tier 1 leverage ratio was 6.79% at September 30, 2007, down 12 basis points compared to 6.91% at June 30, 2007, driven by strong loan growth.

On April 25, 2007, the Board of Directors of the Company authorized a share repurchase program of up to 300,000 shares of the Company’s outstanding common stock, or approximately 2.3% of total shares outstanding. Stock repurchases under this program are made from time to time, on the open market or in privately negotiated transactions, at the discretion of the management of the Company. The timing of these repurchases will depend on market conditions and other requirements. During the third quarter of 2007, the Company repurchased approximately 141,000 shares at a weighted average price of $45.16 per share.

On September 19, 2007, the Company announced the declaration of a quarterly cash dividend of $0.34 per share, an increase of 6% compared to the same quarter last year. This dividend level equated to an annualized dividend rate of $1.36 per share and an indicated dividend yield of 3.04%, based on the closing stock price of the Company on October 24, 2007 of $44.70 per share. Based on that closing stock price, the Company’s common stock traded at a price-to-earnings ratio of 12.2 times current consensus analyst estimates of $3.67 per fully diluted EPS for 2007 and 11.0 times the average analyst 2008 estimate of $4.06. This price also equates to 1.18 times September 30, 2007 book value per share of $37.74.

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EPS Expectations For 2007

On July 24, 2007, the Company stated its expectations for the full year 2007 EPS to be in the range of $3.70 to $3.75, excluding the impact of merger-related and severance costs (including the additional cost of carrying financing incurred in advance of completion of the acquisitions), the cost of adoption of SFAS 123R, and other changes in accounting treatment. The Company stated today that it expects to be on the bottom end of the range described above.

The EPS comfort range is based on management’s current information, estimates and assumptions. Factors include the projected shape of the yield curve in 2007 as indicated in forward interest rate curves, the synergistic benefits of the recent acquisitions, and loan and deposit growth.

IBERIABANK Corporation

IBERIABANK Corporation is a multi-bank financial holding company with 141 combined offices, including 82 bank branch offices in Louisiana, Arkansas, Tennessee, and Oklahoma, 27 mortgage offices in eight states, and 32 title insurance offices in Arkansas and Louisiana. The Company’s common stock trades on the Nasdaq Global Market under the symbol “IBKC” and the Company’s market capitalization is approximately$575 million.

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

• FIG Partners, LLC

• FTN Midwest Securities Corp.

• Howe Barnes Hoefer & Arnett, Inc.

• Keefe, Bruyette & Woods

• Robert W. Baird & Company

• Stanford Group Company

• Stephens, Inc.

• Sterne, Agee & Leach

• Stifel Nicolaus & Company

• SunTrust Robinson-Humphrey

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 Thursday, October 25, 2007, beginning at 8:00 a.m. Central Time by dialing 1-800-288-8961. The confirmation code for the call is 889110. A replay of the call will be available until midnight Central Time on November 1, 2007 by dialing 1-800-475-6701. The confirmation code for the replay is 889110.

To access a supplemental PowerPoint presentation titled “3Q07 Earnings Conference Call”, visitwww.iberiabank.com, click “Investor Relations” and then “Investor Presentations”.

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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. 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.

Forward Looking Statements

To the extent that statements in this press release 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 our ability to execute our growth strategy, risks relating to the integration of acquired companies that have previously been operated separately, credit risk of our customers, sufficiency of our allowance for loan losses, changes in interest rates, 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, geographic concentration of our markets, rapid changes in the financial services industry, and hurricanes and other adverse weather events. These and other factors that may cause actual results to differ materially from these forward-looking statements are discussed in the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission, available at the SEC’s website,www.sec.gov, and the Company’s website,www.iberiabank.com. All information in this release 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.

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IBERIABANK CORPORATION

FINANCIAL HIGHLIGHTS

	For The Quarter Ended September 30,								For The Quarter Ended June 30,
	2007			2006			% Change		2007			% Change
Income Data (in thousands):
Net Interest Income	$	32,073		$	23,926		34	%	$	30,664		5	%
Net Interest Income (TE) (1)		33,286			24,810		34	%		31,883		4	%
Net Income		12,061			9,879		22	%		10,027		20	%
Per Share Data:
Net Income - Basic	$	0.97		$	1.06		(8	%)	$	0.80		21	%
Net Income - Diluted		0.94			0.99		(5	%)		0.78		21	%
Book Value		37.74			28.90		31	%		36.64		3	%
Tangible Book Value(2)		17.76			18.62		(5	%)		16.81		6	%
Cash Dividends		0.34			0.32		6	%		0.34		—
Number of Shares Outstanding:
Basic Shares (Average)		12,394,860			9,337,060		33	%		12,456,110		(0	%)
Diluted Shares (Average)		12,789,353			9,932,163		29	%		12,914,251		(1	%)
Book Value Shares (Period End)(3)		12,770,460			9,697,731		32	%		12,884,113		(1	%)
Key Ratios:(4)
Return on Average Assets		1.01	%		1.30	%				0.87	%
Return on Average Equity		10.03	%		14.30	%				8.45	%
Return on Average Tangible Equity(2)		22.17	%		22.90	%				19.34	%
Net Interest Margin (TE)(1)		3.12	%		3.54	%				3.09	%
Efficiency Ratio		69.7	%		62.8	%				74.2	%
Tangible Efficiency Ratio (TE)(1) (2)		66.7	%		59.7	%				70.8	%
Average Loans to Average Deposits		94.4	%		88.8	%				90.5	%
Nonperforming Assets to Total Assets(5)		0.58	%		0.19	%				0.45	%
Allowance for Loan Losses to Loans		1.08	%		1.56	%				1.19	%
Net Charge-offs to Average Loans		0.05	%		0.01	%				0.04	%
Average Equity to Average Total Assets		10.04	%		9.07	%				10.29	%
Tier 1 Leverage Ratio		6.79	%		7.63	%				6.91	%
Dividend Payout Ratio		36.0	%		31.4	%				43.7	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

⁽³⁾ Shares used for book value purposes exclude shares held in treasury at the end of the period.

⁽⁴⁾ All ratios are calculated on an annualized basis for the period indicated.

⁽⁵⁾ Nonperforming assets consist of nonaccruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets.

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IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

BALANCE SHEET (End of Period)	September 30,								June 30, 2007			December 31, 2006
	2007			2006			% Change
ASSETS
Cash and Due From Banks	$	76,917		$	58,516		31.4	%	$	88,911		$	51,078
Interest-bearing Deposits in Banks		15,086			12,550		20.2	%		54,540			33,827
Total Cash and Equivalents		92,003			71,066		29.5	%		143,451			84,905
Investment Securities Available for Sale		784,433			576,634		36.0	%		755,633			558,832
Investment Securities Held to Maturity		60,829			24,023		153.2	%		61,179			22,520
Total Investment Securities		845,262			600,657		40.7	%		816,812			581,352
Mortgage Loans Held for Sale		63,392			20,055		216.1	%		97,358			54,273
Loans, Net of Unearned Income		3,306,834			2,173,484		52.1	%		3,179,231			2,234,002
Allowance for Loan Losses		(35,713	)		(33,954	)	5.2	%		(37,826	)		(29,922	)
Loans, net		3,271,121			2,139,530		52.9	%		3,141,405			2,204,080
Premises and Equipment		125,857			68,231		84.5	%		125,948			71,007
Goodwill and Other Intangibles		255,179			99,727		155.9	%		255,538			99,070
Mortgage Servicing Rights		22			53		(58.5	%)		27			42
Other Assets		168,708			112,945		49.4	%		151,261			108,307
Total Assets	$	4,821,544		$	3,112,264		54.9	%	$	4,731,800		$	3,203,036
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	459,200		$	348,023		31.9	%	$	458,113		$	354,961
Interest-bearing Deposits		2,990,197			2,057,814		45.3	%		2,968,412			2,067,621
Total Deposits		3,449,397			2,405,837		43.4	%		3,426,525			2,422,582
Short-term Borrowings		339,799			80,500		322.1	%		349,799			100,000
Securities Sold Under Agreements to Repurchase		118,283			88,827		33.2	%		117,323			102,605
Long-term Debt		391,746			234,265		67.2	%		331,780			236,997
Other Liabilities		40,334			22,576		78.7	%		34,252			21,301
Total Liabilities		4,339,559			2,832,005		53.2	%		4,259,679			2,883,485
Total Shareholders' Equity		481,985			280,259		72.0	%		472,121			319,551
Total Liabilities and Shareholders’ Equity	$	4,821,544		$	3,112,264		54.9	%	$	4,731,800		$	3,203,036

INCOME STATEMENT	For The Three Months Ended September 30,								For The Nine Months Ended September 30,
	2007			2006			% Change		2007			2006			% Change
Interest Income	$	69,349		$	43,645		58.9	%	$	192,265		$	121,026		58.9	%
Interest Expense		37,276			19,719		89.0	%		102,037			51,924		96.5	%
Net Interest Income		32,073			23,926		34.0	%		90,228			69,102		30.6	%
(Reversal of) Provision for Loan Losses		(1,693	)		(2,389	)	(29.1	%)		(2,077	)		(3,856	)	(46.1	%)
Net Interest Income After Provision for Loan Losses		33,766			26,315		28.3	%		92,305			72,958		26.5	%
Service Charges		5,300			3,426		54.7	%		14,345			9,669		48.4	%
ATM / Debit Card Fee Income		1,440			857		68.0	%		3,509			2,516		39.5	%
BOLI Proceeds and Cash Surrender Value Income		688			524		31.2	%		2,775			1,548		79.3	%
Gain on Sale of Loans, net		4,770			420		1036.3	%		12,473			1,206		934.4	%
Title Revenue		4,913			—		—			12,930			—		—
Broker Commissions		1,281			895		43.1	%		3,946			2,792		41.3	%
Other Noninterest Income		1,935			1,153		67.8	%		6,324			1,069		491.7	%
Total Noninterest Income		20,327			7,275		179.4	%		56,302			18,800		199.5	%
Salaries and Employee Benefits		20,281			11,477		76.7	%		58,500			30,487		91.9	%
Occupancy and Equipment		5,300			2,414		119.6	%		14,394			7,045		104.3	%
Amortization of Acquisition Intangibles		496			276		79.9	%		1,705			849		100.8	%
Other Noninterest Expense		10,449			5,424		92.6	%		30,154			15,788		91.0	%
Total Noninterest Expense		36,526			19,591		86.4	%		104,753			54,169		93.4	%
Income Before Income Taxes		17,567			13,999		25.5	%		43,854			37,589		16.7	%
Income Taxes		5,506			4,120		33.6	%		12,611			10,809		16.7	%
Net Income	$	12,061		$	9,879		22.1	%	$	31,243		$	26,780		16.7	%
Earnings Per Share, diluted	$	0.94		$	0.99		(5.2	%)	$	2.48		$	2.70		(8.1	%)

10

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands except per share data)

	For The Quarter Ended
BALANCE SHEET (Average)	September 30, 2007			June 30, 2007			March 31, 2007			December 31, 2006			September 30, 2006
ASSETS
Cash and Due From Banks	$	71,339		$	79,968		$	73,422		$	49,304		$	49,863
Interest-bearing Deposits in Banks		29,614			32,324			42,549			18,661			11,415
Investment Securities		829,472			824,705			755,780			608,489			619,057
Mortgage Loans Held for Sale		83,921			89,505			55,726			22,398			17,166
Loans, Net of Unearned Income		3,236,412			3,112,725			2,749,118			2,204,048			2,089,350
Allowance for Loan Losses		(37,932	)		(38,421	)		(34,965	)		(33,899	)		(35,642	)
Other Assets		537,523			522,970			434,815			279,359			271,198
Total Assets	$	4,750,349		$	4,623,776		$	4,076,445		$	3,148,360		$	3,022,407
LIABILITIES AND SHAREHOLDERS’ EQUITY
Noninterest-bearing Deposits	$	443,631		$	448,652		$	409,774		$	342,374		$	334,453
Interest-bearing Deposits		2,986,487			2,989,449			2,696,535			2,064,653			2,018,469
Total Deposits		3,430,118			3,438,101			3,106,309			2,407,027			2,352,922
Short-term Borrowings		337,336			222,110			113,537			77,978			43,101
Securities Sold Under Agreements to Repurchase		117,123			123,116			110,851			98,216			96,942
Long-term Debt		351,484			331,561			297,614			243,573			238,058
Other Liabilities		37,275			33,181			30,099			23,296			17,240
Total Liabilities		4,273,336			4,148,066			3,658,410			2,850,090			2,748,263
Total Shareholders’ Equity		477,013			475,707			418,035			298,270			274,144
Total Liabilities and Shareholders’ Equity	$	4,750,349		$	4,623,776		$	4,076,445		$	3,148,360		$	3,022,407
	2007									2006
INCOME STATEMENT	Third Quarter			Second Quarter			First Quarter			Fourth Quarter			Third Quarter
Interest Income	$	69,349		$	65,816		$	57,100		$	44,266		$	43,645
Interest Expense		37,276			35,152			29,610			21,845			19,719
Net Interest Income		32,073			30,664			27,490			22,421			23,926
(Reversal of) Provision for Loan Losses		(1,693	)		(595	)		211			(3,947	)		(2,389	)
Net Interest Income After Provision for Loan Losses		33,766			31,259			27,279			26,368			26,315
Total Noninterest Income		20,327			21,811			14,165			4,651			7,275
Total Noninterest Expense		36,526			38,911			29,316			18,960			19,591
Income Before Income Taxes		17,567			14,159			12,128			12,059			13,999
Income Taxes		5,506			4,132			2,973			3,144			4,120
Net Income	$	12,061		$	10,027		$	9,155		$	8,915		$	9,879
Earnings Per Share, basic	$	0.97		$	0.80		$	0.79		$	0.93		$	1.06
Earnings Per Share, diluted	$	0.94		$	0.78		$	0.76		$	0.87		$	0.99
Book Value Per Share	$	37.74		$	36.64		$	36.65		$	31.07		$	28.90
Return on Average Assets		1.01	%		0.87	%		0.91	%		1.12	%		1.30	%
Return on Average Equity		10.03	%		8.45	%		8.88	%		11.86	%		14.30	%
Return on Average Tangible Equity		22.17	%		19.34	%		16.67	%		18.15	%		22.90	%

11

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

(dollars in thousands)

LOANS RECEIVABLE	September 30,								June 30, 2007			December 31, 2006
	2007			2006			% Change
Residential Mortgage Loans:
Residential 1-4 Family	$	520,438		$	472,499		10.1	%	$	511,636		$	431,585
Construction/ Owner Occupied		61,029			38,336		59.2	%		57,123			45,285
Total Residential Mortgage Loans		581,467			510,835		13.8	%		568,759			476,870
Commercial Loans:
Real Estate		1,289,416			680,300		89.5	%		1,229,037			750,051
Business		599,700			443,743		35.1	%		573,133			461,048
Total Commercial Loans		1,889,116			1,124,043		68.1	%		1,802,170			1,211,099
Consumer Loans:
Indirect Automobile		240,033			227,315		5.6	%		235,006			228,301
Home Equity		415,341			233,304		78.0	%		396,341			233,885
Automobile		33,169			23,795		39.4	%		33,457			24,179
Credit Card Loans		53,706			8,387		540.3	%		51,216			8,829
Other		94,002			45,805		105.2	%		92,282			50,839
Total Consumer Loans		836,251			538,606		55.3	%		808,302			546,033
Total Loans Receivable		3,306,834			2,173,484		52.1	%		3,179,231			2,234,002
Allowance for Loan Losses		(35,713	)		(33,954	)				(37,826	)		(29,922	)
Loans Receivable, Net	$	3,271,121		$	2,139,530				$	3,141,405		$	2,204,080
ASSET QUALITY DATA	September 30,								June 30, 2007			December 31, 2006
	2007			2006			% Change
Nonaccrual Loans	$	16,191		$	2,904		457.6	%	$	14,250		$	2,701
Foreclosed Assets		26			24		10.6	%		12			8
Other Real Estate Owned		6,707			1,153		481.6	%		4,254			2,000
Accruing Loans More Than 90 Days Past Due		5,113			1,873		172.9	%		2,584			310
Total Nonperforming Assets	$	28,037		$	5,954		370.9	%	$	21,100		$	5,019
Nonperforming Assets to Total Assets		0.58	%		0.19	%	203.9	%		0.45	%		0.16	%
Nonperforming Assets to Total Loans and OREO		0.85	%		0.27	%	209.0	%		0.66	%		0.22	%
Allowance for Loan Losses to Nonperforming Loans(1)		167.6	%		710.8	%	(76.4	%)		224.7	%		993.7	%
Allowance for Loan Losses to Nonperforming Assets		127.4	%		570.3	%	(77.7	%)		179.3	%		596.2	%
Allowance for Loan Losses to Total Loans		1.08	%		1.56	%	(30.9	%)		1.19	%		1.34	%
Year to Date Charge-offs	$	3,062		$	2,031		50.8	%	$	1,816		$	2,621
Year to Date Recoveries	$	(2,184	)	$	(1,759	)	24.2	%	$	(1,358	)	$	(2,264	)
Year to Date Net Charge-offs	$	878		$	272		222.7	%	$	458		$	357
Quarter to Date Net Charge-offs	$	420		$	76		453.3	%	$	294		$	85
(1)      Nonperforming loans consist of nonaccruing loans and accruing loans 90 days or more past due.
DEPOSITS	September 30,								June 30, 2007			December 31, 2006
	2007			2006			% Change
Noninterest-bearing Demand Accounts	$	459,200		$	348,023		31.9	%	$	458,113		$	354,961
NOW Accounts		819,245			632,273		29.6	%		834,336			628,541
Savings and Money Market Accounts		782,752			613,938		27.5	%		773,124			588,202
Certificates of Deposit		1,388,200			811,603		71.0	%		1,360,952			850,878
Total Deposits	$	3,449,397		$	2,405,837		43.4	%	$	3,426,525		$	2,422,582

12

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Quarter Ended
	September 30, 2007					June 30, 2007					September 30, 2006
	Average Balance			Average Yield/Rate (%)		Average Balance			Average Yield/Rate (%)		Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	571,394		5.93	%	$	569,351		5.85	%	$	497,266		5.63	%
Commercial Loans (TE)(1)		1,843,537		6.98	%		1,751,960		6.91	%		1,055,086		7.17	%
Consumer and Other Loans		821,481		7.66	%		791,414		7.59	%		536,998		7.26	%
Total Loans		3,236,412		6.97	%		3,112,725		6.89	%		2,089,350		6.83	%
Mortgage Loans Held for Sale		83,921		6.08	%		89,505		5.64	%		17,166		6.94	%
Investment Securities (TE)(1)(2)		834,593		5.31	%		827,002		5.27	%		634,941		4.83	%
Other Earning Assets		66,748		5.92	%		63,829		6.15	%		32,093		5.10	%
Total Earning Assets		4,221,674		6.60	%		4,093,061		6.52	%		2,773,550		6.35	%
Allowance for Loan Losses		(37,932	)				(38,421	)				(35,642	)
Nonearning Assets		566,607					569,136					284,499
Total Assets	$	4,750,349				$	4,623,776				$	3,022,407
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing Liabilities:
Deposits:
NOW Accounts	$	824,741		2.59	%	$	845,560		2.62	%	$	626,580		2.66	%
Savings and Money Market Accounts		790,316		2.77	%		770,496		2.79	%		590,385		2.14	%
Certificates of Deposit		1,371,430		4.71	%		1,373,393		4.67	%		801,504		3.89	%
Total Interest-bearing Deposits		2,986,487		3.61	%		2,989,449		3.60	%		2,018,469		2.99	%
Short-term Borrowings		454,459		4.65	%		345,226		4.48	%		140,043		3.66	%
Long-term Debt		351,484		5.23	%		331,561		5.23	%		238,058		5.22	%
Total Interest-bearing Liabilities		3,792,430		3.89	%		3,666,236		3.83	%		2,396,570		3.25	%
Noninterest-bearing Demand Deposits		443,631					448,652					334,453
Noninterest-bearing Liabilities		37,275					33,181					17,240
Total Liabilities		4,273,336					4,148,069					2,748,263
Shareholders’ Equity		477,013					475,707					274,144
Total Liabilities and Shareholders’ Equity	$	4,750,349				$	4,623,776				$	3,022,407
Net Interest Spread	$	32,073		2.72	%	$	30,664		2.69	%	$	23,926		3.10	%
Tax-equivalent Benefit		1,213		0.11	%		1,219		0.12	%		884		0.13	%
Net Interest Income (TE) / Net Interest Margin (TE)(1)	$	33,286		3.12	%	$	31,883		3.09	%	$	24,810		3.54	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Balances exclude unrealized gain or loss on securities available for sale and impact of trade date accounting.

13

IBERIABANK CORPORATION

CONDENSED CONSOLIDATED FINANCIAL INFORMATION

Taxable Equivalent Basis

(dollars in thousands)

	For The Nine Months Ended
	September 30, 2007					September 30, 2006
	Average Balance			Average Yield/Rate (%)		Average Balance			Average Yield/Rate (%)
ASSETS
Earning Assets:
Loans Receivable:
Mortgage Loans	$	559,945		5.85	%	$	477,181		5.52	%
Commercial Loans (TE)(1)		1,704,818		6.91	%		995,131		6.67	%
Consumer and Other Loans		769,773		7.61	%		531,936		7.13	%
Total Loans		3,034,536		6.89	%		2,004,248		6.52	%
Mortgage Loans Held for Sale		76,487		5.91	%		12,836		6.55	%
Investment Securities (TE)(1)(2)		807,274		5.23	%		638,253		4.70	%
Other Earning Assets		67,899		5.99	%		56,970		4.80	%
Total Earning Assets		3,986,196		6.52	%		2,712,307		6.05	%
Allowance for Loan Losses		(37,117	)				(37,470	)
Nonearning Assets		536,913					286,495
Total Assets	$	4,485,992				$	2,961,332
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing Liabilities:
Deposits:
NOW Accounts	$	819,431		2.63	%	$	625,418		2.42	%
Savings and Money Market Accounts		754,565		2.76	%		581,712		1.88	%
Certificates of Deposit		1,317,890		4.64	%		791,809		3.67	%
Total Interest-bearing Deposits		2,891,886		3.58	%		1,998,939		2.76	%
Short-term Borrowings		342,201		4.48	%		95,935		2.88	%
Long-term Debt		327,084		5.22	%		242,884		4.67	%
Total Interest-bearing Liabilities		3,561,171		3.82	%		2,337,758		2.96	%
Noninterest-bearing Demand Deposits		434,143					334,106
Noninterest-bearing Liabilities		33,544					18,955
Total Liabilities		4,028,858					2,690,819
Shareholders’ Equity		457,134					270,513
Total Liabilities and Shareholders’ Equity	$	4,485,992				$	2,961,332
Net Interest Spread	$	90,227		2.70	%	$	69,102		3.09	%
Tax-equivalent Benefit		3,541		0.12	%		2,575		0.13	%
Net Interest Income (TE) / Net Interest Margin (TE)(1)	$	93,768		3.11	%	$	71,677		3.50	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Balances exclude unrealized gain or loss on securities available for sale and impact of trade date accounting.

14

IBERIABANK CORPORATION

RECONCILIATION TABLE

(dollars in thousands)

	For The Three Months Ended
	9/30/2007			6/30/2007			9/30/2006
Net Interest Income	$	32,073		$	30,664		$	23,926
Effect of Tax Benefit on Interest Income		1,213			1,219			884
Net Interest Income (TE)(1)		33,286			31,883			24,810
Noninterest Income		20,327			21,811			7,275
Effect of Tax Benefit on Noninterest Income		370			319			282
Noninterest Income (TE)(1)		20,697			22,130			7,557
Total Revenues (TE)(1)	$	53,983		$	54,013		$	32,367
Total Noninterest Expense	$	36,526		$	38,911		$	19,591
Less Intangible Amortization Expense		(496	)		(673	)		(276	)
Tangible Operating Expense(2)	$	36,030		$	38,238		$	19,315
Return on Average Equity		10.03	%		8.45	%		14.30	%
Effect of Intangibles(2)		12.14	%		10.89	%		8.60	%
Return on Average Tangible Equity(2)		22.17	%		19.34	%		22.90	%
Efficiency Ratio		69.7	%		74.2	%		62.8	%
Effect of Tax Benefit Related to Tax Exempt Income		(2.0	%)		(2.2	%)		(2.3	%)
Efficiency Ratio (TE)(1)		67.7	%		72.0	%		60.5	%
Effect of Amortization of Intangibles		(1.0	%)		(1.2	%)		(0.8	%)
Tangible Efficiency Ratio (TE)(1) (2)		66.7	%		70.8	%		59.7	%

⁽¹⁾ Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a marginal tax rate of 35%.

⁽²⁾ Tangible calculations eliminate the effect of goodwill and acquisition related intangible assets and the corresponding amortization expense on a tax-effected basis where applicable.

15