Iberiabank (IBKC) 8-K IBERIABANK Corporation Reports Third Quarter 2008 Results

3Q08 Earnings Conference Call

Supplemental Materials

October 21, 2008 

Exhibit 99.2

2

Forward Looking Statements

Forward Looking Statements

Safe Harbor

Safe Harbor

Statements contained in this presentation which are

Statements contained in this presentation which are

not historical facts and which pertain to future

not historical facts and which pertain to future

operating results of IBERIABANK Corporation and its

operating results of IBERIABANK Corporation and its

subsidiaries constitute “forward-looking statements”

subsidiaries constitute “forward-looking statements”

within the meaning of the Private Securities Litigation

within the meaning of the Private Securities Litigation

Reform Act of 1995. These forward-looking

Reform Act of 1995. These forward-looking

statements involve significant risks and uncertainties. 

statements involve significant risks and uncertainties. 

Actual results may differ materially from the results

Actual results may differ materially from the results

discussed in these forward-looking statements. 

discussed in these forward-looking statements. 

Factors that might cause such a difference include,

Factors that might cause such a difference include,

but are not limited to, those discussed in the

but are not limited to, those discussed in the

Company’s periodic filings with the SEC.

Company’s periodic filings with the SEC.

3

Introductory

Comments

4

Introductory Comments

Introductory Comments

Summary

Summary

Favorable Balance Sheet Composition

Favorable Balance Sheet Composition

Continued Good Asset Quality

Continued Good Asset Quality

Net Interest Margin Improvement

Net Interest Margin Improvement

Favorable Interest Rate And Credit Risk Positioning

Favorable Interest Rate And Credit Risk Positioning

ANB Acquisition Completed And Assimilated

ANB Acquisition Completed And Assimilated

Last Of Expected Material ANB Merger-Related Costs

Last Of Expected Material ANB Merger-Related Costs

Memphis Will Be A Very Good Growth Engine

Memphis Will Be A Very Good Growth Engine

We Avoided What Ails The Banking Industry

We Avoided What Ails The Banking Industry

Unique And Well Positioned For Future Opportunities

Unique And Well Positioned For Future Opportunities

5

Introductory Comments

Introductory Comments

Distinctively Different

Distinctively Different

One Of Oldest Banks In LA -

One Of Oldest Banks In LA -

March 12, 1887

March 12, 1887

No Toxic Investments

No Toxic Investments

Positioned Well For Mortgage Refinancing Wave

Positioned Well For Mortgage Refinancing Wave

Stable And Countercyclical Markets

Stable And Countercyclical Markets

Strong Tailwinds –

Strong Tailwinds –

Energy And Katrina Rebuild

Energy And Katrina Rebuild

Favorable Competitive Dynamics

Favorable Competitive Dynamics

Extremely Small C&D Exposure

Extremely Small C&D Exposure

Taking Corrective Action Early & Aggressively

Taking Corrective Action Early & Aggressively

Delivering On Long-Term Investments

Delivering On Long-Term Investments

Growth Opportunities

Growth Opportunities

6

Introductory Comments

Introductory Comments

Change In Stock Price

Change In Stock Price

58%

27%

45%

47%

13%

-4%

16%

-21%

-2%

-60%

-40%

-20%

0%

20%

40%

60%

2000

2001

2002

2003

2004

2005

2006

2007

YTD

2008

IBKC

S&P Banks

NASDAQ Banks

DJIA

S&P 500

Russell 2000

Source: Stifel Nicolaus, October 10, 2008

7

Asset Quality

8

Asset

Asset

Quality

Quality

Pulaski

Pulaski

Builder

Builder

Exposure

Exposure

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Builder Loans

Memphis Area

12,258

$    

12,350

$   

61

35.5%

99%

200,946

$    

North Mississippi

3,003

3,003

15

8.7%

100%

200,227

$    

Little Rock

10,151

10,364

51

29.4%

98%

199,030

$    

Northeast Ark.

2,052

2,405

19

5.9%

85%

108,007

$    

Northwest Ark.

7,098

7,134

63

20.5%

99%

112,668

$    

Total

34,562

$    

35,256

$   

209

100.0%

98%

165,368

$    

On 6/30/08

44,890

$   

46,577

$   

266

100.0%

96%

168,758

$    

By Dollar Amount ($000)

Development

Lot

House <100%

House 100%

Development

House <100%

House 100%

Loans

Loans

Complete

Complete

Loans

Lots

Complete

Complete

Memphis Area

2,051

$         

2,880

$     

-

$            

7,327

$        

1

71

0

47

North Mississippi

-

213

-

2,791

0

4

0

13

Little Rock

2,275

711

870

6,294

1

36

4

35

Northeast Ark.

-

889

291

872

0

21

4

6

Northwest Ark.

-

1,221

260

5,617

0

24

2

39

Total

4,326

$         

5,913

$     

1,421

$        

22,902

$      

2

156

10

140

On 6/30/08

4,326

$        

7,745

$    

2,806

$        

30,013

$      

2

200

21

176

% Of Total -

9/30/08

13%

17%

4%

66%

1%

51%

3%

45%

% Of Total -

6/30/08

10%

17%

6%

67%

1%

50%

5%

44%

By Dollar Amount ($000)

Number

% Balance

Funded

Loans

Discounts &

%

Discounts &

Balance

Current

30-59

60-89

> 90

Nonaccrual

Reserves

Nonaccrual

Reserves

Builder Loans

Memphis Area

12,258

$      

6,083

$  

-

$      

-

$      

-

$      

6,174

$       

1,394

$      

50.4%

11.37%

North Mississippi

3,003

-

-

-

-

3,003

283

100.0%

9.43%

Little Rock

10,151

6,510

541

398

172

2,528

341

24.9%

3.36%

Northeast Ark.

2,052

1,232

-

-

-

820

152

39.9%

7.42%

Northwest Ark.

7,098

4,091

224

500

1,375

909

743

12.8%

10.46%

Total

34,562

$      

17,917

$

765

$      

898

$      

1,547

$   

13,435

$     

2,913

$      

38.9%

8.43%

On 6/30/08

44,890

$     

24,534

$

3,188

$  

1,175

$  

-

$      

15,993

$    

3,888

$     

35.6%

8.66%

By Dollar Amount ($000)

# Of Days Past Due

9

Asset Quality

Asset Quality

3Q08 Compared To Prior Quarters

3Q08 Compared To Prior Quarters

($thousands)

1Q08

2Q08

3Q08

1Q08

2Q08

3Q08

1Q08

2Q08

3Q08

Nonaccruals

4,408

$     

6,295

$     

5,784

$     

29,698

$

24,534

$

20,297

$

34,107

$   

30,829

$   

26,081

$   

OREO & Foreclosed

2,164

850

959

7,560

8,862

11,485

9,724

9,712

12,444

90+ Days Past Due

1,437

867

1,567

2,394

501

3,329

3,831

1,367

4,895

Nonperforming Assets

8,009

$     

8,012

$     

8,309

$     

39,652

$

33,897

$

35,111

$

47,662

$   

41,908

$   

43,420

$   

NPAs/Assets

0.22%

0.22%

0.22%

2.73%

2.12%

2.23%

0.93%

0.79%

0.81%

NPAs/(Loans + OREO) 

0.30%

0.29%

0.30%

5.03%

4.10%

4.13%

1.39%

1.18%

1.19%

LLR/Loans

0.92%

0.92%

0.91%

1.89%

1.81%

1.67%

1.14%

1.12%

1.09%

Net Charge-Offs/Loans 

0.10%

0.04%

0.03%

0.58%

0.35%

1.02%

0.21%

0.11%

0.26%

Past Dues:

30-89 Days Past Due

9,604

$     

7,842

$     

6,329

$     

9,725

$  

8,722

$  

7,525

$ 

19,329

$   

16,564

$   

13,854

$   

90+ days Past Due

1,437

867

1,567

2,394

501

3,329

3,831

1,367

4,895

Nonaccual

Loans

4,408

6,295

5,784

29,698

24,534

20,297

34,107

30,829

26,081

Total 30+ Past Dues

15,449

$   

15,004

$   

13,679

$   

41,817

$

33,756

$

31,151

$

57,267

$   

48,760

$   

44,830

$   

% Loans

0.58%

0.55%

0.49%

4.99%

3.88%

3.71%

1.69%

1.38%

1.24%

Loan Mix:

Commercial

55.7%

54.2%

55.5%

65.3%

65.8%

61.8%

57.1%

56.2%

57.0%

Consumer

13.9%

14.5%

14.5%

22.8%

22.8%

24.0%

16.3%

16.7%

16.7%

Mortgage

19.0%

18.1%

16.9%

7.2%

6.6%

7.7%

16.6%

15.8%

14.8%

Business Banking

2.3%

4.1%

3.7%

1.2%

1.1%

2.2%

2.1%

3.4%

3.3%

Indirect

9.1%

9.1%

9.4%

0.0%

0.0%

0.0%

7.0%

7.0%

7.2%

Credit Cards

0.0%

0.0%

0.0%

3.5%

3.7%

4.3%

0.9%

0.9%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

IBERIABANK

Pulaski

IBERIABANK Corporation

10

Asset Quality

Asset Quality

Trends –

Trends –

Entity NPAs & Past Dues

Entity NPAs & Past Dues

(Dollars in $000s)

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

$Chg

3/31/07

6/30/07

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

Last Qtr.

Nonaccrual

Louisiana

3,100

$       

2,532

$       

2,994

$       

3,545

$       

4,408

$       

6,295

$       

5,784

$       

(511)

$        

Pulaski

12,456

11,718

13,197

32,562

29,698

24,534

20,297

(4,237)

Consolidated

15,556

$     

14,250

$     

16,191

$     

36,107

$     

34,107

$     

30,829

$     

26,081

$     

(4,748)

$     

OREO & Foreclosed Assets

Louisiana

2,439

$       

1,769

$       

1,937

$       

1,688

$       

2,164

$       

850

$          

959

$          

109

$          

Pulaski

911

2,497

4,796

7,726

7,560

8,862

11,485

2,623

Consolidated

3,350

$       

4,266

$       

6,733

$       

9,414

$       

9,724

$       

9,712

$       

12,444

$     

2,732

$       

Accruing 90+ Days Past Due

Louisiana

253

$          

914

$          

1,067

$       

1,684

$       

1,437

$       

867

$          

1,567

$       

700

$          

Pulaski

142

1,670

4,046

971

2,394

501

3,329

2,828

Consolidated

395

$          

2,584

$       

5,113

$       

2,655

$       

3,831

$       

1,367

$       

4,895

$       

3,528

$       

Total NPAs

Louisiana

5,793

$       

5,215

$       

5,998

$       

6,917

$       

8,009

$       

8,012

$       

8,309

$       

297

$          

Pulaski

13,509

15,885

22,039

41,258

39,653

33,896

35,111

1,215

Consolidated

19,302

$     

21,100

$     

28,037

$     

48,176

$     

47,662

$     

41,908

$     

43,420

$     

1,512

$       

NPAs

/ Total Assets

Louisiana

0.18%

0.16%

0.17%

0.19%

0.22%

0.22%

0.22%

Pulaski

0.98%

1.15%

1.61%

3.13%

2.73%

2.12%

2.23%

Consolidated

0.42%

0.45%

0.58%

0.98%

0.93%

0.79%

0.81%

30-89 Days Past Due

Louisiana

11,060

$     

6,671

$       

6,197

$       

10,042

$     

9,604

$       

7,842

$       

6,329

$       

(1,513)

$     

Pulaski

8,055

10,592

9,030

8,202

9,725

8,722

7,525

(1,197)

Consolidated

19,116

$     

17,263

$     

15,227

$     

18,244

$     

19,329

$     

16,564

$     

13,854

$     

(2,710)

$     

30-89 Days PDs

/ Loans

Louisiana

0.49%

0.28%

0.25%

0.38%

0.36%

0.29%

0.23%

Pulaski

1.05%

1.33%

1.05%

0.97%

1.25%

1.01%

0.90%

Consolidated

0.63%

0.54%

0.46%

0.53%

0.56%

0.47%

0.38%

11

Asset Quality

Asset Quality

Trends –

Trends –

Entity LLR & Net COs

Entity LLR & Net COs

(Dollars in $000s)

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

$Chg

3/31/07

6/30/07

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

Last Qtr.

Loan Loss Reserve*

Louisiana

29,968

$    

27,999

$    

23,669

$    

24,417

$    

24,434

$    

24,962

$    

25,528

$    

566

$        

Pulaski

8,743

9,827

12,044

13,868

14,769

14,791

14,022

(769)

Consolidated

38,711

$    

37,826

$    

35,713

$    

38,285

$    

39,203

$    

39,753

$    

39,551

$    

(202)

$       

LLR / Total Loans

Louisiana

1.32%

1.17%

0.95%

0.93%

0.92%

0.92%

0.91%

Pulaski

1.14%

1.24%

1.47%

1.72%

1.89%

1.81%

1.67%

Consolidated

1.28%

1.19%

1.08%

1.12%

1.14%

1.12%

1.09%

Net Charge-Offs

Louisiana

54

$           

134

$         

230

$         

230

$         

678

$         

283

$         

183

$         

(100)

$       

Pulaski

110

160

190

178

1,100

702

2,150

1,448

Consolidated

164

$         

294

$         

420

$         

408

$         

1,778

$      

985

$         

2,333

$      

1,348

$     

Net COs/Avg Loans

Louisiana

0.01%

0.02%

0.04%

0.12%

0.10%

0.04%

0.03%

Pulaski

0.09%

0.08%

0.09%

0.14%

0.58%

0.35%

1.02%

Consolidated

0.02%

0.04%

0.05%

0.12%

0.21%

0.11%

0.26%

LLR Coverage Of NPAs

Louisiana

517%

537%

395%

353%

305%

312%

307%

Pulaski

65%

62%

55%

34%

37%

44%

40%

Consolidated

201%

179%

127%

79%

82%

95%

91%

*

Does not include loan discounts associated with acquisitions.

12

Asset Quality

Asset Quality

Loan Mix And 30 Days+ Past Due

Loan Mix And 30 Days+ Past Due

(Dollars in $000s)

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

3/31/07

6/30/07

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

% of Outstandings

Commercial

53.9%

54.8%

55.3%

56.7%

57.1%

56.2%

57.0%

Mortgage

20.3%

17.9%

17.6%

16.8%

16.6%

15.8%

14.8%

Consumer

14.8%

16.4%

16.4%

16.0%

16.3%

16.7%

16.7%

Indirect

7.5%

7.4%

7.3%

7.0%

7.0%

7.0%

7.2%

Business Banking

1.9%

1.9%

1.8%

1.8%

2.1%

3.4%

3.3%

Credit Cards

1.6%

1.6%

1.6%

1.7%

0.9%

0.9%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

1.30%

1.02%

1.21%

1.95%

2.00%

1.60%

1.31%

Mortgage

1.29%

1.06%

0.82%

1.06%

0.90%

0.95%

1.00%

Consumer

0.79%

1.54%

1.39%

1.74%

1.66%

1.45%

1.43%

Indirect

0.66%

0.65%

0.66%

1.21%

0.97%

0.75%

0.89%

Business Banking

0.43%

0.59%

0.04%

0.11%

1.30%

0.75%

0.77%

Credit Cards

0.72%

0.70%

0.94%

0.82%

1.44%

1.02%

1.15%

Total Loans

1.15%

1.07%

1.10%

1.66%

1.69%

1.38%

1.24%

Louisiana

0.64%

0.42%

0.41%

0.59%

0.59%

0.55%

0.49%

Pulaski

2.70%

3.02%

3.04%

4.93%

4.99%

3.88%

3.71%

Consolidated

1.15%

1.07%

1.10%

1.66%

1.69%

1.38%

1.24%

*

Includes nonaccruing

loans

13

Asset Quality

Asset Quality

Legacy –

Legacy –

Classified Assets

Classified Assets

Note: Classified Assets Include Substandard, Doubtful and Loss

Note: Classified Assets Include Substandard, Doubtful and Loss

$-

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

Classified Assets - Legacy IBERIABANK

Loss

Doubtful

Substandard

14

Asset Quality

Asset Quality

Consolidated –

Consolidated –

Classified Assets

Classified Assets

Note: Classified Assets Include Substandard, Doubtful and Loss

Note: Classified Assets Include Substandard, Doubtful and Loss

$-

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

$35,000

$40,000

$45,000

$50,000

Classified Assets - IBERIABANK & Pulaski

Pulaski

IBERIABANK

15

Asset Quality

Asset Quality

Loan Loss Reserve

Loan Loss Reserve

Louisiana Franchise –

Louisiana Franchise –

Improved Situation

Improved Situation

•

•

85% Of LA Loan Portfolio Is In South Louisiana

85% Of LA Loan Portfolio Is In South Louisiana

•

•

South Louisiana Credits Performing Very Well

South Louisiana Credits Performing Very Well

•

•

Classified Assets And NPAs Remain Strong

Classified Assets And NPAs Remain Strong

•

•

$0.7 Million Loan Loss Provision In 3Q08 (2Q08 = $0.8 Million)

$0.7 Million Loan Loss Provision In 3Q08 (2Q08 = $0.8 Million)

Pulaski Franchise –

Pulaski Franchise –

Mixed Situation

Mixed Situation

•

•

Most Of Loan Portfolio Is In Very Good Shape

Most Of Loan Portfolio Is In Very Good Shape

•

•

Construction Portfolio Improving

Construction Portfolio Improving

•

•

Aggressively Addressing Potential Problems

Aggressively Addressing Potential Problems

•

•

$1.4 Million Loan Loss Provision in 3Q08 (2Q08 = $0.7 Million)

$1.4 Million Loan Loss Provision in 3Q08 (2Q08 = $0.7 Million)

$2.3 Million In Net Charge-

$2.3 Million In Net Charge-

Offs In 3Q08 (0.26% Loans)

Offs In 3Q08 (0.26% Loans)

4Q07

1Q08

2Q08

3Q08

Net Charge-Offs

1,029

$   

1,803

$

960

$   

2,333

$   

Loan Growth

1,375

(63)

1,302

968

Change In Asset Quality

1,198

955

(725)

(1,171)

Loan Loss Provision

3,602

$   

2,695

$

1,537

$

2,131

$   

Net Charge-Offs/Avg. Loan

0.12%

0.22%

0.11%

0.26%

Loan Loss Reserve/Loans

1.12%

1.14%

1.12%

1.09%

16

Asset Quality

Asset Quality

C&D Loans

C&D Loans

Compared To

Compared To

Peers

Peers

Source: SNL, using most recent quarterly information

Source: SNL, using most recent quarterly information

5%

14%

16%

17%

17%

18%

23%

32%

37%

40%

0%

5%

10%

15%

20%

25%

30%

35%

40%

IBKC

SFNC

CCBG

TRMK

HBHC

BXS

WTNY

SBCF

OZRK

UCBI

Construction & Land Development Loans / Total Loans

(Most Recent Quarter Information)

0%

0%

0%

1%

2%

3%

3%

4%

9%

10%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%

11.0%

BXS

OZRK

UCBI

SFNC

HBHC

WTNY

CCBG

TRMK

SBCF

IBKC

C&D Nonaccruals / Total C&D Loans

(Most Recent Quarter Information)

One Of The Lowest

One Of The Lowest

Levels Of C&D Loan

Levels Of C&D Loan

Exposure Compared

Exposure Compared

To Peers

To Peers

One Of The Highest

One Of The Highest

Levels Of C&D

Levels Of C&D

Nonaccrual Loans

Nonaccrual Loans

Addressing C&D

Addressing C&D

Exposure Assertively

Exposure Assertively

17

Asset Quality

Asset Quality

Commercial Real Estate Portfolio

Commercial Real Estate Portfolio

Note: Includes commercial construction and land development loans

IBERIABANK

Pulaski

Bank

TOTAL

Non-Owner Occupied

Current

460.2

$         

180.1

$       

640.2

$       

Past Due

-

7.0

7.0

Nonaccrual

0.7

15.4

16.0

Total

460.8

$         

202.5

$       

663.3

$       

% Nonaccrual

0.14%

7.60%

2.42%

Owner Occupied

Current

591.2

$         

138.5

$       

729.6

$       

Past Due

1.4

-

1.4

Nonaccrual

2.2

0.8

2.9

Total

594.7

$         

139.2

$       

733.9

$       

% Nonaccrual

0.37%

0.55%

0.40%

Total CRE

1,055.5

$      

341.7

$       

1,397.2

$    

% Nonaccrual

0.27%

4.73%

1.36%

Last Qtr (6/30/08)

0.31%

5.77%

1.72%

Non-Owner Occup/Tier 1 Cap.

141%

192%

154%

18

Consumer Loan

Portfolio

19

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Credit Quality

Credit Quality

Note: Excludes Credit Cards

Note: Excludes Credit Cards

Volume

Score

Volume

Score

Volume

Score

Direct Consumer

335.6

$       

718

178.7

$    

719

514.3

$    

718

HELOC

85.4

725

14.3

736

99.7

727

Home Equity Loans

173.7

726

141.2

723

314.9

725

Unsecured

36.6

687

7.8

685

44.4

687

Other Secured

39.9

694

15.4

690

55.3

693

Indirect Auto

220.8

707

-

-

220.8

707

Total

892.0

$       

715

357.4

$    

719

1,249.4

$ 

716

Consumer Portfolio - Product Type And Average Score

IBERIABANK

Pulaski

IBERIABANK Corp

Score

Intervals

Direct

Consumer

HELOC

Home

Equity

Loans

Unsecured

Other

Secured

Indirect

Auto

Total

800 +

12%

10%

14%

6%

11%

11%

12%

750 - 799

30%

29%

32%

20%

20%

24%

28%

700 - 749

22%

28%

23%

22%

20%

19%

22%

650 - 699

16%

16%

16%

19%

18%

18%

17%

600 - 649

8%

9%

7%

13%

12%

10%

9%

550 - 599

5%

4%

4%

8%

8%

5%

5%

500 - 549

3%

2%

3%

6%

6%

4%

3%

450 - 499

1%

1%

1%

2%

2%

1%

1%

400 - 449

0%

0%

0%

0%

0%

0%

0%

Other

2%

1%

1%

4%

3%

7%

3%

Total

100%

100%

100%

100%

100%

100%

100%

Avg. Score

718

727

725

687

693

707

716

Consumer Portfolio - Score Distribution By Product

20

Consumer

Consumer

Portfolio

Portfolio

Product Credit

Product Credit

Quality

Quality

Exceptional

Exceptional

Quality And

Quality And

Favorable

Favorable

3Q08 Trends

3Q08 Trends

6/30/07

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

Home Equity Lines of Credit

30 to 59 Days Past Due

0.28%

0.63%

0.44%

1.10%

0.34%

0.31%

60 to 89 Days Past Due

0.07%

0.09%

0.15%

0.04%

0.02%

0.15%

Over 90 Days Past Due

0.00%

0.02%

0.00%

0.10%

0.06%

0.09%

Total 30+ Days Past Due

0.36%

0.75%

0.59%

1.24%

0.43%

0.55%

Net Charge-Offs

-0.10%

0.31%

0.12%

0.00%

0.02%

0.01%

Home Equity Term Loans

30 to 59 Days Past Due

0.76%

0.71%

0.96%

0.85%

0.35%

0.25%

60 to 89 Days Past Due

0.25%

0.15%

0.17%

0.07%

0.30%

0.18%

Over 90 Days Past Due

0.29%

0.22%

0.13%

0.10%

0.11%

0.30%

Total 30+ Days Past Due

1.29%

1.08%

1.26%

1.03%

0.77%

0.73%

Net Charge-Offs

-0.01%

0.06%

-0.02%

0.04%

0.01%

0.04%

Indirect Auto Loans

30 to 59 Days Past Due

0.33%

0.35%

0.71%

0.49%

0.34%

0.45%

60 to 89 Days Past Due

0.05%

0.05%

0.15%

0.08%

0.04%

0.12%

Over 90 Days Past Due

0.01%

0.04%

0.12%

0.03%

0.07%

0.07%

Non Accrual

0.28%

0.23%

0.27%

0.39%

0.33%

0.28%

Total 30+ Days PD + NAs

0.67%

0.68%

1.24%

1.00%

0.78%

0.92%

Net Charge-Offs

0.25%

0.14%

0.18%

0.45%

0.14%

0.20%

Credit Card Loans

30 to 59 Days Past Due

0.21%

0.42%

0.36%

0.49%

0.35%

0.49%

60 to 89 Days Past Due

0.14%

0.16%

0.10%

0.26%

0.30%

0.21%

Over 90 Days Past Due

0.35%

0.36%

0.36%

0.68%

0.37%

0.45%

Total 30+ Days Past Due

0.70%

0.94%

0.82%

1.44%

1.02%

1.15%

Net Charge-Offs

0.99%

1.81%

0.71%

2.95%

1.57%

1.05%

Other Consumer Loans

30 to 59 Days Past Due

0.90%

1.10%

1.53%

1.63%

1.20%

0.76%

60 to 89 Days Past Due

0.25%

0.15%

0.36%

0.29%

0.90%

0.46%

Over 90 Days Past Due

0.25%

0.04%

0.15%

0.14%

0.10%

0.53%

Total 30+ Days Past Due

1.40%

1.29%

2.04%

2.05%

2.20%

1.74%

Net Charge-Offs

0.27%

0.82%

0.69%

0.66%

1.36%

1.55%

Consumer Portfolio - Quarterly Credit Statistics

Loans Past Due As % Of Product Loans

HOME EQUITY PORTFOLIO -

BALANCES BY ZIP CODE

Acadiana 38%

Monroe/ Ruston 9%

New Orleans/

Northshore 8%

Little Rock 10%

Jonesboro 9%

Tulsa 10%

NW Arkansas 2%

Memphis 1%

Home

Home

Equity

Equity

Portfolio:

Portfolio:

LA = 61%

LA = 61%

AR = 23%

AR = 23%

OK = 12%

OK = 12%

22

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Credit Quality

Credit Quality

15%

32%

31%

22%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

Quarter

Originations - Product Total %

Home Equity 2nd

Home Equity 1st

HELOC 2nd

HELOC 1st

23

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Credit Quality

Credit Quality

Loan-to-Values At Time Of Origination

48%

80%

59%

78%

70%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

Quarter

HELOC 1st

HELOC 2nd

Home Equity 1st

Home Equity 2nd

Total

24

INDIRECT AUTOMOBILE PORTFOLIO -

BALANCES BY ZIP CODE

Acadiana 79%

Monroe/ Ruston 5%

98% Of

98% Of

Indirect

Indirect

Automobile

Automobile

Portfolio Is

Portfolio Is

In Louisiana

In Louisiana

25

Consumer Portfolio

Consumer Portfolio

Indirect –

Indirect –

30+ Days Past Dues

30+ Days Past Dues

Note: Excludes Nonaccruing

Loans

Indirect Auto Portfolio

Loans Past Due 30 Days Or More

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

2.20%

2.40%

Month

26

Consumer Portfolio

Consumer Portfolio

Indirect –

Indirect –

Net Charge-Offs

Net Charge-Offs

Indirect Auto Portfolio

Annualized Net Charge-Offs As % Of Loans

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

2.20%

2.40%

Month

27

Financial Overview

28

Financial Overview

Financial Overview

Favorable Balance Sheet Growth

Favorable Balance Sheet Growth

3Q08 Results

3Q08 Results

•

•

Loans +$89mm, +2%

Loans +$89mm, +2%

•

Deposits -$102mm -3%

•

•

Loan/Deposits = 92%

Loan/Deposits = 92%

•

•

Equity = +$9mm, +2%

Equity = +$9mm, +2%

•

•

Equity/Assets = 9.69%

Equity/Assets = 9.69%

•

•

Tier 1 Leverage = 7.29%

Tier 1 Leverage = 7.29%

•

•

Div Payout = 50%*

Div Payout = 50%*

•

•

ROA = 0.66%*

ROA = 0.66%*

•

•

ROE = 6.77%*

ROE = 6.77%*

•

•

ROTE = 14.31%*

ROTE = 14.31%*

•

•

Efficiency Ratio = 75.5%*

Efficiency Ratio = 75.5%*

•

•

Tang Eff. Ratio = 72.4%*

Tang Eff. Ratio = 72.4%*

•

•

BV/Share = $39.96

BV/Share = $39.96

•

•

Tang BV/Share = $19.89

Tang BV/Share = $19.89

* Includes merger-related costs

incurred during the quarter

$600

$1,000

$1,400

$1,800

$2,200

$2,600

$3,000

$3,400

$3,800

$4,200

Loans

Deposits

Quarterly Averages

Annual Average Balances

-1%

20%

17

%

17%

22%

34%

1%

3%

7%

4%

13%

15%

12%

17

%

46%

56%

36%

42%

55%

46%

52%

43%

45%

52%

23%

15%

15%

12%

16%

11%

29

Financial Overview

Financial Overview

Quarterly Repricing Schedule

Quarterly Repricing Schedule

Excess Cash Remains To Be Deployed

Excess Cash Remains To Be Deployed

Favorable Deposit Repricing Opportunities

Favorable Deposit Repricing Opportunities

Short-Term Funding Costs Have Declined

Short-Term Funding Costs Have Declined

4Q08

1Q09

2Q09

3Q09

4Q09

Cash Equivalents

159.8

$      

-

$       

-

$       

-

$       

-

$       

1.74%

0.00%

0.00%

0.00%

0.00%

Investments

84.0

$        

49.6

$     

59.6

$     

44.7

$     

43.6

$     

3.92%

4.86%

4.87%

4.92%

4.90%

Loans

1,457.0

$   

222.1

$   

165.6

$   

140.4

$   

116.2

$   

4.98%

6.53%

6.53%

6.60%

6.77%

Time Deposits

402.5

$      

431.3

$   

149.1

$   

173.9

$   

104.0

$   

3.83%

3.56%

3.23%

3.66%

3.33%

Borrowed Funds

313.3

$      

5.8

$       

5.8

$       

57.3

$     

30.8

$     

1.71%

4.85%

4.42%

4.81%

5.41%

30

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-10%

-3%

0%

4%

7%

-3%

-3%

Economic

Value of

Equity

-9%

-3%

0%

1%

2%

--

--

Financial Overview

Financial Overview

Interest Rate Simulations

Interest Rate Simulations

Source: Bancware

model, as of September 30, 2008

As Rates Have Fallen, Become More Asset Sensitive

As Rates Have Fallen, Become More Asset Sensitive

Degree Is A Function Of The Reaction Of Competitors To

Degree Is A Function Of The Reaction Of Competitors To

Changes In Deposit Pricing

Changes In Deposit Pricing

Forward Curve Has Slight Negative Impact Over 12 Months

Forward Curve Has Slight Negative Impact Over 12 Months

31

Financial Overview

Financial Overview

Trends -

Trends -

Mortgage Interest Rates

Mortgage Interest Rates

Source: National Home Builders Association

Source: National Home Builders Association

Mortgage

Mortgage

Rates Have

Rates Have

Converged

Converged

Since 2003

Since 2003

Spike Down

Spike Down

In Early 2008

In Early 2008

Rates Have

Rates Have

Trended Up

Trended Up

Since Early

Since Early

2008

2008

Refinance

Refinance

Activity

Activity

Slowed

Slowed

Considerably

Considerably

(For Us: 18%

(For Us: 18%

Recently)

Recently)

Mortgage Interest Rate Trend

6.55

6.24

6.23

5.24

3.00

3.50

4.00

4.50

5.00

5.50

6.00

6.50

7.00

30-year

15-year

5/1 ARM

Adjustable

30-Year Fixed

Adjustable

5/1 ARM

15-Year Fixed

32

Financial Overview

Financial Overview

Trends –

Trends –

Jumbo Mortgage Rates

Jumbo Mortgage Rates

Source: Bloomberg on October 19, 2008

Source: Bloomberg on October 19, 2008

Subprime Mtg.

Subprime Mtg.

Market Gone

Market Gone

Alt-A Market Is

Alt-A Market Is

Stalled

Stalled

Jumbo Market

Jumbo Market

Spreads Are

Spreads Are

Very Wide

Very Wide

Shift From

Shift From

These

These

Products To

Products To

FHA/VA &

FHA/VA &

Conforming

Conforming

Almost Half Of

Almost Half Of

Our Production

Our Production

Is Now FHA/VA

Is Now FHA/VA

Weekly National 30-Year Mortgage Rates

6.71%

8.21%

5.00%

5.25%

5.50%

5.75%

6.00%

6.25%

6.50%

6.75%

7.00%

7.25%

7.50%

7.75%

8.00%

8.25%

Conforming

Jumbo

33

Financial Overview

Financial Overview

Mortgage Quarterly Revenues

Mortgage Quarterly Revenues

Closed $987mm

Closed $987mm

In Full Year 2007

In Full Year 2007

In 3Q08 Closed

In 3Q08 Closed

$218mm (-19%

$218mm (-19%

Vs. 2Q08)

Vs. 2Q08)

In 3Q08 Sold

In 3Q08 Sold

$243mm (-9%

$243mm (-9%

Vs. 2Q08)

Vs. 2Q08)

3Q08 Vs. 2Q08:

3Q08 Vs. 2Q08:

+6% Increase In

+6% Increase In

Mortgage

Mortgage

Revenues

Revenues

$61 Million

$61 Million

Locked Pipeline

Locked Pipeline

On 9/30/08

On 9/30/08

$-

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

$4.5

$5.0

$5.5

$6.0

$6.5

2003

2004

2005

2006

2007

2008

Mortgage Gains On Sale Of Loans

1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

**

** Assumes Pulaski's acquisition of IBERIABANK Mortgage beginning in February 2007

34

Financial Overview

Financial Overview

Title Insurance Qtrly

Title Insurance Qtrly

Revenues

Revenues

Completed And

Completed And

Integrated

Integrated

United Title-LA

United Title-LA

In April 2007

In April 2007

And American

And American

Abstract In

Abstract In

March 2008

March 2008

2007: 14,634

2007: 14,634

Closings (+9%)

Closings (+9%)

& Revenues Of

& Revenues Of

$18mm (+22%)

$18mm (+22%)

3Q08: $5.2mm In

3Q08: $5.2mm In

Revenues (-5%

Revenues (-5%

Vs. 2Q08)

Vs. 2Q08)

$-

$0.5

$1.0

$1.5

$2.0

$2.5

$3.0

$3.5

$4.0

$4.5

$5.0

$5.5

$6.0

$6.5

2003

2004

2005

2006

2007

2008

Title Insurance Revenues

1st Qtr

2nd Qtr

3rd Qtr

4th Qtr

*

*

Includes United Title in April 2007

**

**

Includes American Abstract in March 2008

35

Markets

36

Markets

Markets

Memphis Opportunity

Memphis Opportunity

$28 Billion Deposit

$28 Billion Deposit

Memphis Market Is

Memphis Market Is

A Unique Growth

A Unique Growth

Opportunity For Us

Opportunity For Us

Large & Small

Large & Small

Banks Have

Banks Have

Experienced

Experienced

Difficulties

Difficulties

We Recently

We Recently

Recruited 5 New

Recruited 5 New

Team Members

Team Members

$18mm Deposits &

$18mm Deposits &

$110mm In Credits

$110mm In Credits

(Funded/Unfunded 

(Funded/Unfunded 

& In Pipeline)

& In Pipeline)

Source: FDIC For Memphis MSA At June 30, 2007

Source: FDIC For Memphis MSA At June 30, 2007

Bank of

America

3.4%

BancorpSouth

3.4%

SunTrust

5.9%

Regions

12.7%

First Horizon

50.2%

37

Markets -

Markets -

Branches

Branches

Branch Expansion Initiative

Branch Expansion Initiative

Period-End Loan And Deposit Volumes

13 Offices

13 Offices

3Q08 Loans

3Q08 Loans

Of $134 mm

Of $134 mm

(+99% Over

(+99% Over

1-Year)

1-Year)

3Q08

3Q08

Deposits Of

Deposits Of

$194 mm

$194 mm

(+152%

(+152%

Over 1-

Over 1-

Year)

Year)

Closed One

Closed One

Office

Office

(Prairieville)

(Prairieville)

$-

$25

$50

$75

$100

$125

$150

$175

$200

$225

2Q05

3Q05

4Q05

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

Deposits

Loans

38

Markets –

Markets –

Branches

Branches

Historical Office Optimization

Historical Office Optimization

Entered 3 New Markets

Entered 3 New Markets

Acquired 12 Offices (All)

Acquired 12 Offices (All)

Closed/Consolidated 18

Closed/Consolidated 18

Offices (All Types)

Offices (All Types)

Opened 10 New Bank

Opened 10 New Bank

Offices

Offices

Opened 7 Mortgage

Opened 7 Mortgage

Offices

Offices

Divested/Sold 1 Office

Divested/Sold 1 Office

5 Office Realignments

5 Office Realignments

Entered 13 New Markets

Entered 13 New Markets

Acquired 94 Offices (All)

Acquired 94 Offices (All)

Closed/Consolidated 20

Closed/Consolidated 20

Offices (All Types)

Offices (All Types)

Opened 9 New Bank

Opened 9 New Bank

Offices

Offices

Opened 7 Mortgage

Opened 7 Mortgage

Offices

Offices

Opened 1 Title Office

Opened 1 Title Office

11 Office Realignments

11 Office Realignments

1999 Through 2005

1999 Through 2005

Since 2005

Since 2005

39

Markets –

Markets –

Local Economies

Local Economies

Oil & Gas Impact

Oil & Gas Impact

Source: Bloomberg on October 19, 2008

Source: Bloomberg on October 19, 2008

$6.75

$69.85

$-

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

$14.00

$16.00

$-

$20.00

$40.00

$60.00

$80.00

$100.00

$120.00

$140.00

$160.00

Natural Gas (Left Scale)

Crude Oil (Right Scale)

Natural Gas

Crude Oil

40

Markets –

Markets –

Local Economies

Local Economies

Oil & Gas –

Oil & Gas –

Louisiana

Louisiana

The Gulf Of Mexico

The Gulf Of Mexico

Accounts For:

Accounts For:

1/3 Of U.S. Oil

1/3 Of U.S. Oil

Production

Production

20% Of U.S. Natural

20% Of U.S. Natural

Gas Production

Gas Production

LA

LA

Ranks

Ranks

4

4

In

In

U.S.

U.S.

Crude

Crude

Oil

Oil

Production

Production

2 of 4 U.S. Strategic Petro Reserves in LA

2 of 4 U.S. Strategic Petro Reserves in LA

LA Processes 1/5 Of Foreign Crude In US

LA Processes 1/5 Of Foreign Crude In US

2

Highest

Highest

Petro

Petro

Products

Products

Processed

Processed

LA

LA

Ranks

Ranks

2 

2 

In

In

Natural

Natural

Gas

Gas

Production

Production

nd

nd

th

41

Markets –

Markets –

Local Economies

Local Economies

Oil & Gas –

Oil & Gas –

Fayetteville Shale

Fayetteville Shale

Source: State Of Arkansas Oil & Gas Commission

Source: State Of Arkansas Oil & Gas Commission

42

Markets –

Markets –

Local Economies

Local Economies

Big Local Economic Influences

Big Local Economic Influences

Fayetteville Shale Play (10 Counties In Arkansas)

Fayetteville Shale Play (10 Counties In Arkansas)

•

•

Estimated Benefit Over 10-15+ Years

Estimated Benefit Over 10-15+ Years

•

•

2003-05: $158MM Direct; $190MM Total

2003-05: $158MM Direct; $190MM Total

•

•

2005-08 Estimated: $3.8 Bil. Direct; $5.5 Bil. Total

2005-08 Estimated: $3.8 Bil. Direct; $5.5 Bil. Total

•

•

Estimated: 9,683 Jobs And Add $358MM In Taxes

Estimated: 9,683 Jobs And Add $358MM In Taxes

Haynesville Shale Play (Shreveport/Bossier City, LA)

Haynesville Shale Play (Shreveport/Bossier City, LA)

•

•

Potential Significant Play In The Very Early Stages

Potential Significant Play In The Very Early Stages

Cyberspace Command (Shreveport/Bossier City, LA)

Cyberspace Command (Shreveport/Bossier City, LA)

•

•

Current “Provisional HQ”; In The Running For Final

Current “Provisional HQ”; In The Running For Final

•

•

Estimated: 10,000+ Jobs With Avg. Salary = $70,000

Estimated: 10,000+ Jobs With Avg. Salary = $70,000

Katrina/Rita Rebuilding (South Louisiana)

Katrina/Rita Rebuilding (South Louisiana)

•

•

Latest Cost Estimate: $127 Billion

Latest Cost Estimate: $127 Billion

•

•

Average Of $425,000 Per Person

Average Of $425,000 Per Person

43

Markets –

Markets –

Local Economies

Local Economies

Housing’s Share Of State GDP

Housing’s Share Of State GDP

Source: NAHB; Figures represent 2005 levels as indicative of peak period

US Average: 16.6%

Arkansas: 12.4%

Mississippi: 12.1%

Louisiana: 9.4%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

Nevada

Hawaii

Florida

Arizona

California

Maryland

Colorado

Idaho

Montana

Oregon

New Jersey

Virginia

Washington

New

Vermont

Rhode Island

Utah

Maine

South Carolina

Massachusett

United States

Illinois

Minnesota

New York

Georgia

North Carolina

Wisconsin

Michigan

Connecticut

Tennessee

Pennsylvania

Missouri

New Mexico

Ohio

Indiana

Alabama

Kentucky

Kansas

Wyoming

West Virginia

Arkansas

Iowa

Oklahoma

Mississippi

Nebraska

Texas

Delaware

South Dakota

North Dakota

District of

Alaska

Louisiana

Housing Share Of State GDP

Nationwide,

Nationwide,

Housing

Housing

Peaked In 2005

Peaked In 2005

Housing Was A

Housing Was A

Substantial

Substantial

Contributor To

Contributor To

State Economic

State Economic

Growth--Now

Working In

Working In

Reverse

Reverse

Our Markets:

Our Markets:

Minimal Impact

Minimal Impact

44

Markets –

Markets –

Local Economies

Local Economies

Unemployment –

Unemployment –

Vs. U.S. MSAs

Vs. U.S. MSAs

Source: U.S. Department of Labor, Bureau of Labor Statistics

Source: U.S. Department of Labor, Bureau of Labor Statistics

Ranking 369 U.S. MSAs

August 2008 Unemployment Rates (Blue)

Dashed Lines Indicate November 2007 & February 2008

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

13.0

14.0

1

11

21

31

41

51

61

71

81

91

101

111

121

131

141

151

161

171

181

191

201

211

221

231

241

251

261

271

281

291

301

311

321

331

341

351

361

6.1%

U.S. Avg = 6.1%

#12 Houma, LA 3.2%

#17 Lafayette, LA 3.5%

#110 Baton Rouge, LA 5.0%

#108 Alexandria, LA 5.0%

#89 New Orleans, LA 4.7%

#190 Shreveport, LA 5.7%

#16 NW AR 3.5%

#37 Little Rock, AR 4.0%

#58 Jonesboro, AR 4.3%

#290 Memphis, TN 7.1%

Nov. 2007

Feb. 2008

#87 Lake Charles, LA 4.7%

#186 Monroe, LA 5.7%

%

Aug. 2008

45

Markets -

Markets -

Housing

Housing

Local –

Local –

Lafayette Home Inventory

Lafayette Home Inventory

Acadiana

Acadiana

Housing

Housing

Inventory

Inventory

Declined

Declined

Throughout

Throughout

2008

2008

Remains

Remains

40% Below

40% Below

The National

The National

Average For

Average For

Housing

Housing

Supply

Supply

Source: Van Eaton & Romero and Bloomberg

Source: Van Eaton & Romero and Bloomberg

Acadiana Region - Months Supply Of Housing

10.4

10.9

6.3

6.9

-

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

Sep 05

Mar 06

Dec 06

Feb 07

Jun 07

Sep 07

Oct 07

Nov 07

Dec 07

Feb 08

Mar 08

Jun 08

Sep 08

U.S. Average-Existing Homes

U.S. Average-New Homes

Lafayette-All Properties

All Acadiana Parishes

46

Summary Of IBKC

Summary Of IBKC

Industry Operating Environment--Challenging

Industry Operating Environment--Challenging

•

•

Housing

Housing

•

•

Credit Risk

Credit Risk

•

•

Interest Rate Risk

Interest Rate Risk

•

•

Operations Risk

Operations Risk

We Tend To Move “Ahead Of The Curve”

We Tend To Move “Ahead Of The Curve”

Focus On Long-Term Investments & Payback

Focus On Long-Term Investments & Payback

Organic And External Growth

Organic And External Growth

Both Expense Control And Revenue Growth

Both Expense Control And Revenue Growth

EPS/Stock Price Linkage -

EPS/Stock Price Linkage -

Shareholder Focus

Shareholder Focus

Favorable Risk/Return Compared To Peers

Favorable Risk/Return Compared To Peers