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

4Q08

Earnings

Conference

Call

Supplemental

Materials

Exhibit 99.2

2

Forward Looking Statements

Forward Looking Statements

Safe Harbor

Safe Harbor

Statements

Statements

contained

contained

in

in

this

this

presentation

presentation

which

which

are

are

not

not

historical

historical

facts

facts

and

and

which

which

pertain

pertain

to

to

future

future

operating

operating

results

results

of

of

IBERIABANK

IBERIABANK

Corporation

Corporation

and

and

its

its

subsidiaries

subsidiaries

constitute

constitute

“forward-looking

“forward-looking

statements”

statements”

within

within

the

the

meaning

meaning

of

of

the

the

Private

Private

Securities

Securities

Litigation

Litigation

Reform

Reform

Act

Act

of

of

1995.

1995.

These

These

forward-looking

forward-looking

statements

statements

involve

involve

significant

significant

risks

risks

and

and

uncertainties. 

uncertainties. 

Actual

Actual

results

results

may

may

differ

differ

materially

materially

from

from

the

the

results

results

discussed

discussed

in

in

these

these

forward-looking

forward-looking

statements. 

statements. 

Factors

Factors

that

that

might

might

cause

cause

such

such

a

a

difference

difference

include,

include,

but

but

are

are

not

not

limited

limited

to,

to,

those

those

discussed

discussed

in

in

the

the

Company’s

Company’s

periodic

periodic

filings

filings

with

with

the

the

SEC.

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

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

Take Corrective Action Early & Aggressively

Take Corrective Action Early & Aggressively

Extremely Well Capitalized

Extremely Well Capitalized

Growth Opportunities

Growth Opportunities

6

Introductory Comments

Introductory Comments

Annual Stock Market Returns

Annual Stock Market Returns

The Second Worst Stock

The Second Worst Stock

Market Performance In The

Market Performance In The

Last 183 Years

Last 183 Years

Average Mutual Fund

Average Mutual Fund

Declined 30%

Declined 30%

Financial Sector Was One Of

Financial Sector Was One Of

The Worst Performing Sectors

The Worst Performing Sectors

In 2008, With Average

In 2008, With Average

Financial Fund Down 42%

Financial Fund Down 42%

Sources: Washington Post, January 11, 2009 and

Sources: Washington Post, January 11, 2009 and

http://bigpicture.typepad.com/comments/markets/index.html

7

Introductory Comments

Introductory Comments

2008 Returns By Index

2008 Returns By Index

+2.7%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

% Change In Price In 2008

Banks $5B-$10B Assets

Small Cap Banks

Banks $1B-$5B Assets

NASDAQ Banks

Southwest Banks

Banks Pink Sheets

S&P Diversified Banks

Banks <$250M Assets

SNL Midwest Banks

Banks $500M-$1B Assets

Micro Cap Banks

Banks <$500M Assets

Banks $250M-$500M Assets

SNL All Banks

Large Cap Banks

Mid-Atlantic Banks

Banks >$10B Assets

S&P Regional Banks

NYSE Banks

Mid Cap Banks

S&P Banks

KBW Banks

New England Banks

Southeast Banks

IBERIABANK Corporation

SNL Reported Indexes

Source: SNL Through December 31, 2008

Source: SNL Through December 31, 2008

8

Introductory Comments

Introductory Comments

Annual Change In Stock Price

Annual Change In Stock Price

58%

27%

45%

47%

13%

-4%

16%

-21%

3%

-15%

-60%

-40%

-20%

0%

20%

40%

60%

2000

2001

2002

2003

2004

2005

2006

2007

2008

YTD

2009

IBKC

S&P Banks

NASDAQ Banks

DJIA

S&P 500

Russell 2000

Source: Stifel Nicolaus through January 16, 2009

9

Asset Quality

10

Asset Quality

Asset Quality

Recent Developments

Recent Developments

$3.6 Million Loan Fraud In Northeast Arkansas At Pulaski

$3.6 Million Loan Fraud In Northeast Arkansas At Pulaski

•

•

Arkansas Client With 15-Year Relationship

Arkansas Client With 15-Year Relationship

•

•

Fraudulent Collateral Documentation Was The Main Issue

Fraudulent Collateral Documentation Was The Main Issue

•

•

Confirmed Fraud In January 2009

Confirmed Fraud In January 2009

•

•

Isolated Event And Not Indicative Of Broader Portfolio Concerns

Isolated Event And Not Indicative Of Broader Portfolio Concerns

•

•

Charge-Off Of $3.6 Million Or $0.17 EPS Impact In 4Q08

Charge-Off Of $3.6 Million Or $0.17 EPS Impact In 4Q08

$9.2 Million Commercial Past Due At IBERIABANK

$9.2 Million Commercial Past Due At IBERIABANK

•

•

Business In Liquidation Mode

Business In Liquidation Mode

•

•

$0.6 Million Revolving Line Of Credit Secured By Receivables

$0.6 Million Revolving Line Of Credit Secured By Receivables

•

•

Term Loans Totaling $8.6 Million On Four Aircraft

Term Loans Totaling $8.6 Million On Four Aircraft

•

•

Primary Guarantor Deposited $3.2 Million In Escrow At The Company To

Primary Guarantor Deposited $3.2 Million In Escrow At The Company To

Cover Shortfalls As Aircraft Are Sold

Cover Shortfalls As Aircraft Are Sold

•

•

Loans Will Remain Past Due Until Aircraft Are Sold

Loans Will Remain Past Due Until Aircraft Are Sold

•

•

Any Loss On These Credits Is Expected To Be Immaterial

Any Loss On These Credits Is Expected To Be Immaterial

11

Asset Quality

Asset Quality

Loan Portfolio Mix

Loan Portfolio Mix

$000s

% of

CRE

%

Loans

C&D-Pulaski

27,951

$        

2%

1%

C&D-IBERIABANK

168,070

12%

5%

CRE-Owner Occupied

650,695

46%

17%

CRE-Non-Owner Occupied

562,596

40%

15%

Total Commercial RE

1,409,312

$   

100%

38%

Loan Portfolio Composition

Business

21%

All Other

Loans

4%

Residential

13%

Indirect

Automobile

7%

Other

Consumer

2%

Automobile

1%

Home Equity

13%

Commercial

RE

38%

Credit Card

1%

12

Asset Quality

Asset Quality

Pulaski

Pulaski

Builder

Builder

Exposure

Exposure

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Builder Loans

Memphis Area

10,946

$    

10,963

$   

53

39.2%

100%

206,523

$    

North Mississippi

2,763

2,763

13

9.9%

100%

212,567

$    

Little Rock

6,482

6,600

29

23.2%

98%

223,530

$    

Northeast Ark.

1,640

1,753

14

5.9%

94%

117,160

$    

Northwest Ark.

6,119

6,148

54

21.9%

100%

113,319

$    

Total

27,951

$    

28,227

$   

163

100.0%

99%

171,478

$    

On 9/30/08

34,562

$   

35,256

$   

209

100.0%

98%

165,368

$    

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

2,063

$         

2,878

$     

-

$            

6,005

$       

1

71

0

39

North Mississippi

-

143

-

2,621

0

3

0

12

Little Rock

2,273

331

81

3,796

1

21

1

19

Northeast Ark.

-

820

154

666

0

16

2

4

Northwest Ark.

-

1,213

125

4,781

0

24

1

31

Total

4,336

$         

5,384

$     

360

$           

17,870

$     

2

135

4

105

On 9/30/08

4,326

$        

5,913

$     

1,421

$        

22,902

$    

2

156

10

140

% Of Total -

12/31/08

16%

19%

1%

64%

1%

55%

2%

43%

% Of Total -

9/30/08

13%

17%

4%

66%

1%

51%

3%

45%

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

10,946

$     

3,661

$  

2,203

$   

-

$      

-

$      

5,082

$       

1,323

$      

46.4%

12.09%

North Mississippi

2,763

-

-

-

-

2,763

108

100.0%

3.92%

Little Rock

6,482

6,299

-

-

-

183

157

2.8%

2.42%

Northeast Ark.

1,640

797

-

-

-

844

151

51.4%

9.21%

Northwest Ark.

6,119

4,492

152

-

-

1,475

690

24.1%

11.27%

Total

27,951

$     

15,249

$

2,355

$   

-

$      

-

$      

10,347

$     

2,429

$      

37.0%

8.69%

On 9/30/08

34,562

$    

17,917

$

765

$     

898

$     

1,547

$  

13,435

$    

2,913

$     

38.9%

8.43%

By Dollar Amount ($000)

# Of Days Past Due

13

Asset Quality

Asset Quality

4Q08 Compared To Prior Quarters

4Q08 Compared To Prior Quarters

($thousands)

1Q08

2Q08

3Q08

4Q08

1Q08

2Q08

3Q08

4Q08

1Q08

2Q08

3Q08

4Q08

Nonaccruals

4,408

$     

6,295

$     

5,784

$     

6,487

$     

29,698

$

24,534

$

20,297

$

21,337

$

34,107

$   

30,829

$   

26,081

$   

27,825

$   

OREO & Foreclosed

2,164

850

959

2,167

7,560

8,862

11,485

14,146

9,724

9,712

12,444

16,312

90+ Days Past Due

1,437

867

1,567

1,309

2,394

501

3,329

1,172

3,831

1,367

4,895

2,481

Nonperforming Assets

8,009

$     

8,012

$     

8,309

$     

9,962

$     

39,652

$

33,897

$

35,111

$

36,655

$

47,662

$   

41,908

$   

43,420

$   

46,618

$   

NPAs/Assets

0.22%

0.22%

0.22%

0.26%

2.73%

2.12%

2.23%

2.42%

0.93%

0.79%

0.81%

0.83%

NPAs/(Loans

+

OREO)

0.30%

0.29%

0.29%

0.34%

5.03%

4.10%

4.13%

4.28%

1.39%

1.18%

1.16%

1.24%

LLR/Loans

0.92%

0.92%

0.91%

0.92%

1.89%

1.81%

1.67%

1.68%

1.14%

1.12%

1.09%

1.09%

Net

Charge-Offs/Loans

0.10%

0.04%

0.03%

0.11%

0.58%

0.35%

1.02%

1.93%

0.21%

0.11%

0.26%

0.53%

Past Dues:

30-89 Days Past Due

9,604

$     

7,842

$     

6,329

$     

18,810

$   

9,725

$  

8,722

$  

7,525

$  

12,050

$

19,329

$   

16,564

$   

13,854

$   

30,860

$   

90+ days Past Due

1,437

867

1,567

1,309

2,394

501

3,329

1,172

3,831

1,367

4,895

2,481

Nonaccual

Loans

4,408

6,295

5,784

6,487

29,698

24,534

20,297

21,337

34,107

30,829

26,081

27,825

Total 30+ Past Dues

15,449

$   

15,004

$   

13,679

$   

26,606

$   

41,817

$

33,756

$

31,151

$

34,560

$

57,267

$   

48,760

$   

44,830

$   

61,166

$   

% Loans

0.58%

0.55%

0.49%

0.92%

4.99%

3.88%

3.71%

4.10%

1.69%

1.38%

1.24%

1.63%

Loan Mix:

Commercial

55.7%

54.2%

55.5%

57.6%

65.3%

65.8%

61.8%

60.4%

57.1%

56.2%

57.0%

58.3%

Consumer

13.9%

14.5%

14.5%

14.0%

22.8%

22.8%

24.0%

23.7%

16.3%

16.7%

16.7%

16.2%

Mortgage

19.0%

18.1%

16.9%

15.9%

7.2%

6.6%

7.7%

8.7%

16.6%

15.8%

14.8%

14.3%

Business Banking

2.3%

4.1%

3.7%

3.3%

1.2%

1.1%

2.2%

2.7%

2.1%

3.4%

3.3%

3.1%

Indirect

9.1%

9.1%

9.4%

9.2%

0.0%

0.0%

0.0%

0.0%

7.0%

7.0%

7.2%

7.1%

Credit Cards

0.0%

0.0%

0.0%

0.0%

3.5%

3.7%

4.3%

4.5%

0.9%

0.9%

1.0%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

IBERIABANK

Pulaski

IBERIABANK Corporation

14

Asset Quality

Asset Quality

Trends –

Trends –

Entity NPAs & Past Dues

Entity NPAs & Past Dues

(Dollars in $000s)

3Q07

4Q07

1Q08

2Q08

3Q08

Q408

$Chg

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

12/31/08

Last Qtr.

Nonaccrual

Louisiana

2,994

$       

3,545

$       

4,408

$       

6,295

$       

5,784

$       

6,487

$       

703

$          

Pulaski

13,197

32,562

29,698

24,534

20,297

21,337

1,040

Consolidated

16,191

$     

36,107

$     

34,107

$     

30,829

$     

26,081

$     

27,825

$     

1,744

$       

-

OREO & Foreclosed Assets

Louisiana

1,937

$       

1,688

$       

2,164

$       

850

$          

959

$          

2,167

$       

1,208

$       

Pulaski

4,796

7,726

7,560

8,862

11,485

14,146

2,661

Consolidated

6,733

$       

9,414

$       

9,724

$       

9,712

$       

12,444

$     

16,312

$     

3,868

$       

-

Accruing 90+ Days Past Due

Louisiana

1,067

$       

1,684

$       

1,437

$       

867

$          

1,567

$       

1,309

$       

(258)

$         

Pulaski

4,046

971

2,394

501

3,329

1,172

(2,157)

Consolidated

5,113

$       

2,655

$       

3,831

$       

1,367

$       

4,895

$       

2,481

$       

(2,414)

$      

-

Total NPAs

Louisiana

5,998

$       

6,917

$       

8,009

$       

8,012

$       

8,309

$       

9,963

$       

1,654

$       

Pulaski

22,039

41,258

39,653

33,896

35,111

36,655

1,544

Consolidated

28,037

$     

48,176

$     

47,662

$     

41,908

$     

43,420

$     

46,618

$     

3,198

$       

NPAs

/ Total Assets

Louisiana

0.17%

0.19%

0.22%

0.22%

0.22%

0.26%

Pulaski

1.61%

3.13%

2.73%

2.12%

2.23%

2.42%

Consolidated

0.58%

0.98%

0.93%

0.79%

0.81%

0.83%

30-

89

Days

Past

Due

Louisiana

6,197

$       

10,042

$     

9,604

$       

7,842

$       

6,329

$       

18,810

$     

12,481

$     

Pulaski

9,030

8,202

9,725

8,722

7,525

12,050

4,525

Consolidated

15,227

$     

18,244

$     

19,329

$     

16,564

$     

13,854

$     

30,860

$     

17,007

$     

30-

89

Days

PDs

/

Loans

Louisiana

0.25%

0.38%

0.36%

0.29%

0.23%

0.65%

Pulaski

1.05%

0.97%

1.25%

1.01%

0.90%

1.43%

Consolidated

0.46%

0.53%

0.56%

0.47%

0.38%

0.82%

15

Asset Quality

Asset Quality

Trends –

Trends –

Entity LLR & Net COs

Entity LLR & Net COs

(Dollars in $000s)

3Q07

4Q07

1Q08

2Q08

3Q08

Q408

$Chg

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

12/31/08

Last Qtr.

Loan Loss Reserve*

Louisiana

23,669

$    

24,417

$    

24,434

$    

24,962

$    

25,528

$    

26,671

$    

1,143

$       

Pulaski

12,044

13,868

14,769

14,791

14,022

14,201

179

Consolidated

35,713

$    

38,285

$    

39,203

$    

39,753

$    

39,551

$    

40,872

$    

1,321

$       

LLR / Total Loans

Louisiana

0.95%

0.93%

0.92%

0.92%

0.91%

0.92%

Pulaski

1.47%

1.72%

1.89%

1.81%

1.67%

1.68%

Consolidated

1.08%

1.12%

1.14%

1.12%

1.09%

1.09%

Net Charge-Offs

Louisiana

230

$         

230

$         

678

$         

283

$         

183

$         

801

$         

618

$          

Pulaski

190

178

1,100

702

2,150

4,084

1,934

Consolidated

420

$         

408

$         

1,778

$      

985

$         

2,333

$      

4,885

$      

2,552

$       

Net COs/Avg

Loans

Louisiana

0.04%

0.12%

0.10%

0.04%

0.03%

0.11%

Pulaski

0.09%

0.14%

0.58%

0.35%

1.02%

1.93%

Consolidated

0.05%

0.12%

0.21%

0.11%

0.26%

0.53%

LLR Coverage Of NPAs

Louisiana

395%

353%

305%

312%

307%

268%

Pulaski

55%

34%

37%

44%

40%

39%

Consolidated

127%

79%

82%

95%

91%

88%

*

Does not include loan discounts associated with acquisitions.

16

Asset Quality

Asset Quality

Loan Mix And 30 Days+ Past Due

Loan Mix And 30 Days+ Past Due

(Dollars in $000s)

3Q07

4Q07

1Q08

2Q08

3Q08

Q408

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

12/31/08

% of Outstandings

Commercial

55.3%

56.7%

57.1%

56.2%

57.0%

58.3%

Mortgage

17.6%

16.8%

16.6%

15.8%

14.8%

14.3%

Consumer

16.4%

16.0%

16.3%

16.7%

16.7%

16.2%

Indirect

7.3%

7.0%

7.0%

7.0%

7.2%

7.1%

Business Banking

1.8%

1.8%

2.1%

3.4%

3.3%

3.1%

Credit Cards

1.6%

1.7%

0.9%

0.9%

1.0%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

1.21%

1.95%

2.00%

1.60%

1.31%

1.91%

Mortgage

0.82%

1.06%

0.90%

0.95%

1.00%

0.97%

Consumer

1.39%

1.74%

1.66%

1.45%

1.43%

1.55%

Indirect

0.66%

1.21%

0.97%

0.75%

0.89%

1.08%

Business Banking

0.04%

0.11%

1.30%

0.75%

0.77%

1.10%

Credit Cards

0.94%

0.82%

1.44%

1.02%

1.15%

1.55%

Total Loans

1.10%

1.66%

1.69%

1.38%

1.24%

1.63%

Louisiana

0.41%

0.59%

0.59%

0.55%

0.49%

0.91%

Pulaski

3.04%

4.93%

4.99%

3.88%

3.71%

4.10%

Consolidated

1.10%

1.66%

1.69%

1.38%

1.24%

1.63%

*

Includes nonaccruing

loans

17

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

18

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

19

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

•

•

$1.9 Million Loan Loss Provision In 4Q08 (3Q08 = $0.7 Million)

$1.9 Million Loan Loss Provision In 4Q08 (3Q08 = $0.7 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

•

•

$4.3 Million Loan Loss Provision in 4Q08 (3Q08 = $1.4 Million)

$4.3 Million Loan Loss Provision in 4Q08 (3Q08 = $1.4 Million)

$4.9 Million In Net

$4.9 Million In Net

Charge-Offs In

Charge-Offs In

4Q08 (0.53%

4Q08 (0.53%

Loans)

Loans)

4Q07

1Q08

2Q08

3Q08

4Q08

Net Charge-Offs

1,029

$  

1,778

$

985

$  

2,333

$

4,885

$  

Loan Growth

1,375

(63)

1,302

968

1,256

Change In Asset Quality

1,198

980

(750)

(1,171)

65

Loan Loss Provision

3,602

$  

2,695

$

1,537

$

2,131

$

6,206

$  

Net Charge-Offs/Avg. Loans

0.12%

0.22%

0.11%

0.26%

0.53%

Loan Loss Reserve/Loans

1.12%

1.14%

1.12%

1.09%

1.09%

20

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

21

Asset Quality

Asset Quality

Commercial Real Estate Portfolio

Commercial Real Estate Portfolio

Note:

Note:

Includes

Includes

commercial

commercial

construction

construction

and

and

land

land

development

development

loans

loans

IBERIABANK

Pulaski

Bank

TOTAL

Non-Owner Occupied

Current

478.6

$          

176.9

$        

655.4

$        

Past Due

0.8

7.4

8.2

Nonaccrual

0.7

15.0

15.6

Total

480.0

$          

199.3

$        

679.3

$        

   % Nonaccrual

0.14%

7.52%

2.30%

Owner Occupied

Current

585.8

$          

137.1

$        

722.9

$        

Past Due

3.4

0.6

4.0

Nonaccrual

1.8

1.3

3.1

Total

591.0

$          

139.1

$        

730.1

$        

   % Nonaccrual

0.30%

0.96%

0.43%

Total CRE

1,071.0

$       

338.3

$        

1,409.3

$     

   % Nonaccrual

0.23%

4.83%

1.33%

Last Qtr (9/30/08)

0.27%

4.73%

1.36%

Non-Owner Occup/Tier 1 Cap.

146%

148%

107%

22

Asset Quality

Asset Quality

Commercial Portfolio Composition

Commercial Portfolio Composition

0%

1%

1%

1%

2%

2%

3%

3%

3%

4%

4%

4%

5%

6%

6%

6%

7%

7%

8%

10%

17%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

% Of Commercial Loan Portfolio At 12/31/08

Communications

Education

Storage

Religious

Wholesalers

Transport

Households

Agriculture

Retail

Manufacturing

Real Estate-Other

Energy

Hospitality

Governmental

Heavy/Civil Construction

Construction

Financial/Insurance

Other

RE-Owner Occupied

Medical

RE-Non-Owner Occupied

Note:

Note:

Includes

Includes

commercial

commercial

construction

construction

and

and

land

land

development

development

loans

loans

Commercial Real Estate

Portfolio –

Balances By Zip Code

Acadiana 17%

Baton Rouge 11%

New Orleans 19%

Monroe 6%

Shreveport 6%

Little Rock 11%

NW Arkansas 3%

Memphis 2%

NE Arkansas 6%

Commercial C&I (Non-

Real Estate)

Portfolio –

Balances By Zip Code

Acadiana 9%

Baton Rouge 13%

New Orleans 13%

Monroe 8%

Shreveport 5%

Little Rock 6%

NW Arkansas 3%

Memphis 6%

NE Arkansas 6%

25

Consumer Loan

Portfolio

26

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Score Distribution

Score Distribution

Note: Excludes Credit Cards

Note: Excludes Credit Cards

Volume

Score

Volume

Score

Volume

Score

HELOC

113

$          

738

23

$         

734

136

$       

738

Home Equity Loans

208

724

145

726

353

725

Unsecured Lines

14

729

2

727

15

729

Unsecured

20

687

8

680

27

685

Other Secured

42

696

13

682

54

693

Indirect Auto

250

715

-

-

250

715

Total

645

$          

720

190

$       

722

835

$       

721

Consumer Portfolio - Product Type And Average Score

IBERIABANK

Pulaski

IBERIABANK Corp

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

10%

12%

4%

5%

13%

13%

750 - 799

35%

35%

26%

23%

21%

29%

700 - 749

25%

24%

22%

23%

21%

21%

650 - 699

16%

14%

24%

22%

16%

17%

600 - 649

6%

7%

10%

12%

11%

9%

550 - 599

3%

4%

6%

6%

7%

5%

500 - 549

2%

3%

4%

5%

6%

4%

450 - 499

0%

1%

1%

2%

2%

1%

400 - 449

0%

0%

0%

0%

0%

0%

Other

1%

1%

3%

1%

3%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

738

725

729

685

693

715

Consumer Portfolio - Score Distribution By Product

27

Consumer Portfolio

Consumer Portfolio

Score Distribution Improvement

Score Distribution Improvement

Note: Excludes Credit Cards

Note: Excludes Credit Cards

Score Tier

1st Qtr

2008 %

4th Qtr

2008 %

Change

Score Tier

1st Qtr

2008 %

4th Qtr

2008 %

Change

800 >

12.2%

10.9%

-1.3%

800 >

10.9%

12.8%

1.9%

750 - 799

29.9%

32.6%

2.7%

750 - 799

24.1%

28.7%

4.6%

700 - 749

22.5%

24.2%

1.7%

700 - 749

19.2%

21.4%

2.2%

650 - 699

16.3%

15.4%

-0.9%

650 - 699

18.0%

17.3%

-0.7%

600 - 649

8.1%

7.6%

-0.5%

600 - 649

10.3%

9.0%

-1.3%

550 - 599

4.9%

4.1%

-0.8%

550 - 599

5.2%

4.8%

-0.5%

500 - 549

3.2%

3.1%

-0.1%

500 - 549

4.1%

3.6%

-0.5%

450 - 499

1.1%

0.8%

-0.3%

450 - 499

1.3%

1.0%

-0.3%

400 - 449

0.1%

0.0%

-0.1%

400 - 449

0.1%

0.0%

-0.1%

No Update

0.4%

0.3%

-0.1%

No Update

0.2%

0.2%

0.0%

No Score

0.7%

0.5%

-0.2%

No Score

6.0%

0.6%

-5.4%

Lack of Hist

0.2%

0.1%

-0.1%

Lack of Hist

0.4%

0.3%

-0.1%

Deceased

0.2%

0.3%

0.1%

Deceased

0.2%

0.0%

-0.2%

Total

100%

100%

Total

100%

100%

Consumer Loan Portfolio Comparison

Indirect Portfolio Comparison

28

Consumer

Consumer

Portfolio

Portfolio

Past Dues

Past Dues

By Product

By Product

Generally

Generally

Good

Good

Quality, But

Quality, But

Recent

Recent

Softness

Softness

Late In 4Q08

Late In 4Q08

6/30/07

9/30/07

12/31/07

3/31/08

6/30/08

9/30/08

12/31/08

Home Equity Lines of Credit

30 to 59 Days Past Due

0.28%

0.63%

0.44%

1.10%

0.34%

0.31%

0.24%

60 to 89 Days Past Due

0.07%

0.09%

0.15%

0.04%

0.02%

0.15%

0.13%

Over 90 Days Past Due

0.00%

0.02%

0.00%

0.10%

0.06%

0.09%

0.11%

Total 30+ Days Past Due

0.36%

0.75%

0.59%

1.24%

0.43%

0.55%

0.48%

Net Charge-Offs

-0.10%

0.31%

0.12%

0.00%

0.02%

0.01%

0.15%

Home Equity Term Loans

30 to 59 Days Past Due

0.76%

0.71%

0.96%

0.85%

0.35%

0.25%

0.80%

60 to 89 Days Past Due

0.25%

0.15%

0.17%

0.07%

0.30%

0.18%

0.09%

Over 90 Days Past Due

0.29%

0.22%

0.13%

0.10%

0.11%

0.30%

0.05%

Total 30+ Days Past Due

1.29%

1.08%

1.26%

1.03%

0.77%

0.73%

0.93%

Net Charge-Offs

-0.01%

0.06%

-0.02%

0.04%

0.01%

0.04%

0.21%

Indirect Auto Loans

30 to 59 Days Past Due

0.33%

0.35%

0.71%

0.49%

0.34%

0.45%

0.59%

60 to 89 Days Past Due

0.05%

0.05%

0.15%

0.08%

0.04%

0.12%

0.18%

Over 90 Days Past Due

0.01%

0.04%

0.12%

0.03%

0.07%

0.07%

0.05%

Non Accrual

0.28%

0.23%

0.27%

0.39%

0.33%

0.28%

0.82%

Total 30+ Days PD + NAs

0.67%

0.68%

1.24%

1.00%

0.78%

0.92%

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%

0.49%

60 to 89 Days Past Due

0.14%

0.16%

0.10%

0.26%

0.30%

0.21%

0.45%

Over 90 Days Past Due

0.35%

0.36%

0.36%

0.68%

0.37%

0.45%

0.61%

Total 30+ Days Past Due

0.70%

0.94%

0.82%

1.44%

1.02%

1.15%

1.55%

Net Charge-Offs

0.99%

1.81%

0.71%

2.95%

1.57%

1.05%

1.34%

Other Consumer Loans

30 to 59 Days Past Due

0.90%

1.10%

1.53%

1.63%

1.20%

0.76%

1.20%

60 to 89 Days Past Due

0.25%

0.15%

0.36%

0.29%

0.90%

0.46%

0.35%

Over 90 Days Past Due

0.25%

0.04%

0.15%

0.14%

0.10%

0.53%

0.82%

Total 30+ Days Past Due

1.40%

1.29%

2.04%

2.05%

2.20%

1.74%

2.37%

Net Charge-Offs

0.27%

0.82%

0.69%

0.66%

1.36%

1.55%

1.88%

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%

30

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Origination Mix

Origination Mix

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

4Q08

Quarter

Originations - Product Total %

Home Equity 2nd

Home Equity 1st

HELOC 2nd

HELOC 1st

31

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Loan-To-Values

Loan-To-Values

Loan-to-Values At Time Of Origination

42%

78%

60%

77%

68%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

1Q06

2Q06

3Q06

4Q06

1Q07

2Q07

3Q07

4Q07

1Q08

2Q08

3Q08

4Q08

Quarter

HELOC 1st

HELOC 2nd

Home Equity 1st

Home Equity 2nd

Total

32

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

33

Consumer Portfolio

Consumer Portfolio

Indirect –

Indirect –

30+ Days Past Dues

30+ Days Past Dues

Note: Excludes Nonaccruing

Note: Excludes Nonaccruing

Nonaccruing

Loans

Loans

Indirect Auto Portfolio

Loans Past Due 30 Days Or More

0.84%

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

34

Consumer Portfolio

Consumer Portfolio

Indirect –

Indirect –

Net Charge-Offs

Net Charge-Offs

Indirect Auto Portfolio

Annualized Net Charge-Offs As % Of Loans

0.44%

0.00%

0.20%

0.60%

0.80%

1.00%

1.20%

1.40%

1.60%

1.80%

2.00%

2.20%

2.40%

Month

0.40%

35

Financial Overview

36

Financial Overview

Financial Overview

Favorable Balance Sheet Growth

Favorable Balance Sheet Growth

4Q08 Results

4Q08 Results

•

•

Loans +$115mm, +3%

Loans +$115mm, +3%

•

•

Deposits +$61mm +2%

Deposits +$61mm +2%

•

•

Loan/Deposits = 94%

Loan/Deposits = 94%

•

•

Equity = +$216mm, +42%

Equity = +$216mm, +42%

•

•

Equity/Assets = 13.15%

Equity/Assets = 13.15%

•

•

Tier 1 Leverage = 11.27%

Tier 1 Leverage = 11.27%

•

•

Div Payout = 68%*

Div Payout = 68%*

•

•

ROA = 0.62%*

ROA = 0.62%*

•

•

ROE = 5.80%*

ROE = 5.80%*

•

•

ROTE = 11.74%*

ROTE = 11.74%*

•

•

Efficiency Ratio = 70.5%*

Efficiency Ratio = 70.5%*

•

•

Tang Eff. Ratio = 67.4%*

Tang Eff. Ratio = 67.4%*

•

•

BV/Share = $40.53

BV/Share = $40.53

•

•

Tang BV/Share = $24.20

Tang BV/Share = $24.20

* Includes fraud loss incurred

* Includes fraud loss incurred

during the quarter

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%

9%

14%

37

Financial Overview

Financial Overview

Mortgage Quarterly Revenues

Mortgage Quarterly Revenues

Closed $924mm

Closed $924mm

In 2008, Down

In 2008, Down

6% Vs. $987mm

6% Vs. $987mm

In 2007

In 2007

In 4Q08 Closed

In 4Q08 Closed

$183mm (-16%

$183mm (-16%

Vs. 3Q08)

Vs. 3Q08)

In 4Q08 Sold

In 4Q08 Sold

$189mm (-22%

$189mm (-22%

Vs. 3Q08)

Vs. 3Q08)

4Q08 Vs. 3Q08:

4Q08 Vs. 3Q08:

14% Decrease In

14% Decrease In

Mtg. Revenues

Mtg. Revenues

$140mm Locked

$140mm Locked

Pipeline 1/9/09

Pipeline 1/9/09

$-

$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

38

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

2008: Revenues

2008: Revenues

Of $19mm (+22%

Of $19mm (+22%

Vs. 2007)

Vs. 2007)

4Q08: $3.8mm In

4Q08: $3.8mm In

Revenues (-27%

Revenues (-27%

Vs. 3Q08)

Vs. 3Q08)

Significant

Significant

Order Count

Order Count

Growth Recently

Growth Recently

$-

$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

39

Financial Overview

Financial Overview

Fixed Asset Gain In 4Q08

Fixed Asset Gain In 4Q08

Source: Christies

Source: Christies

7-Foot Tall Statue Carved In

7-Foot Tall Statue Carved In

127 A.D. Commemorates

127 A.D. Commemorates

Roman Emperor Hadrian

Roman Emperor Hadrian

(117 to 138 A.D.)

(117 to 138 A.D.)

Company Purchased The

Company Purchased The

Statue In 1957 For $3,000

Statue In 1957 For $3,000

Net Proceeds To The

Net Proceeds To The

Company From The Sale

Company From The Sale

Was $0.7 Million

Was $0.7 Million

$0.1 Million Loss On Other

$0.1 Million Loss On Other

Fixed Assets In 4Q08

Fixed Assets In 4Q08

40

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

1Q09

2Q09

3Q09

4Q09

1Q10

Cash Equivalents

215.8

$      

-

$       

-

$       

-

$       

-

$       

0.25%

0.00%

0.00%

0.00%

0.00%

Investments

121.5

$      

118.5

$   

100.4

$   

75.8

$     

51.8

$     

3.46%

4.96%

4.98%

4.94%

4.80%

Loans

1,632.7

$   

222.0

$   

179.6

$   

149.2

$   

124.8

$   

4.12%

6.35%

6.44%

6.56%

6.60%

Time Deposits

492.0

$      

264.6

$   

237.2

$   

189.6

$   

75.0

$     

3.31%

2.91%

3.46%

2.94%

3.69%

Borrowed Funds

391.8

$      

6.4

$       

58.0

$     

31.5

$     

20.2

$     

2.60%

4.33%

4.79%

5.37%

5.38%

41

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-7%

-4%

0%

5%

9%

0%

2%

Economic

Value of

Equity

-21%

-8%

0%

6%

9%

--

--

Financial Overview

Financial Overview

Interest Rate Simulations

Interest Rate Simulations

Source: Bancware

Source: Bancware

Bancware

model, as of December 31, 2008

model, as of December 31, 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 A Positive Impact Over 12 Months

Forward Curve Has A Positive Impact Over 12 Months

42

Financial Overview

Financial Overview

Trends -

Trends -

Mortgage Interest Rates

Mortgage Interest Rates

Source: Bloomberg

Source: Bloomberg

Mortgage

Mortgage

Rates Have

Rates Have

Converged

Converged

Since 2003

Since 2003

Substantial

Substantial

Drop In

Drop In

Conforming

Conforming

Rates

Rates

Blistering

Blistering

Refi

Refi

Activity

Activity

–

–

Greatest

Greatest

Since 2003

Since 2003

Spreads

Spreads

Have

Have

Widened As

Widened As

Well

Well

Mortgage Interest Rate Trend

4.89%

4.63%

5.89%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00%

6.50%

7.00%

7.50%

8.00%

8.50%

9.00%

30-year

15-year

5/1 ARM

1-Year ARM

30-Year Fixed

1-Year ARM

5/1 ARM

15-Year Fixed

43

Financial Overview

Financial Overview

Trends –

Trends –

Jumbo Mortgage Rates

Jumbo Mortgage Rates

Source: Bloomberg

Source: Bloomberg

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

Half Of Our

Half Of Our

Production Is

Production Is

Now FHA/VA

Now FHA/VA

Weekly National 30-Year Mortgage Rates

5.32%

6.68%

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%

8.50%

8.75%

Conforming

Jumbo

136

bps

44

Markets

45

Markets

Markets

Memphis Opportunity

Memphis Opportunity

$28

$28

Billion

Billion

Deposit

Deposit

Memphis

Memphis

Market

Market

-

-

A

A

Unique

Unique

Growth

Growth

Opportunity

Opportunity

Large & Small Banks Have Experienced Difficulties

Large & Small Banks Have Experienced Difficulties

We Recently Recruited 7 New Team Members

We Recently Recruited 7 New Team Members

$28 Million Deposits And $73mm In Credit Commitments

$28 Million Deposits And $73mm In Credit Commitments

Source: FDIC For Memphis MSA At June 30, 2008

Source: FDIC For Memphis MSA At June 30, 2008

First Horizon

36.6%

Regions

15.2%

SunTrust

8.2%

BancorpSouth

3.9%

Bank of America

3.5%

46

Markets -

Markets -

Branches

Branches

Branch Expansion Initiative

Branch Expansion Initiative

Period-End Loan And Deposit Volumes

13 Offices

13 Offices

4Q08 Loans

4Q08 Loans

Of $142 mm

Of $142 mm

(+83% Over

(+83% Over

1-Year)

1-Year)

4Q08

4Q08

Deposits Of

Deposits Of

$200 mm

$200 mm

(+113%

(+113%

Over 1-

Over 1-

Year)

Year)

Closed One

Closed One

Office

Office

(Prairieville)

(Prairieville)

$-

$25

$50

$75

$100

$125

$150

$175

$200

$225

2Q05

4Q05

2Q06

4Q06

2Q07

4Q07

2Q08

4Q08

Deposits

Loans

47

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 23

Closed/Consolidated 23

Offices (All Types)

Offices (All Types)

Opened 10 New Bank

Opened 10 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

48

Markets –

Markets –

Local Economies

Local Economies

Oil & Gas Impact

Oil & Gas Impact

Source: Bloomberg

Source: Bloomberg

$5.59

$40.83

$-

$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

Natural Gas Average = $4.03

Crude Oil Average = $34.66

49

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

Markets We

Markets We

Serve Have

Serve Have

Fairly Low

Fairly Low

Unemploy-

Unemploy-

ment

ment

Levels

Levels

Many Of Our

Many Of Our

Markets

Markets

Have Also

Have Also

Improved In

Improved In

Ranking

Ranking

Ranking 369 U.S. MSAs

November

2008 Unemployment Rates (Blue)

Dashed Lines Indicate Nov 07, Feb 08 & Aug 08

-

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

6.5%

U.S. Avg

= 6.1%

#20 Houma, LA 3.6%

#17 Lafayette, LA 3.5%

#70 Baton Rouge, LA

4.8%

#79 Alexandria, LA 4.9%

#79 New Orleans, LA 4.9%

#160 Shreveport, LA 5.9%

#30 NW AR 3.9%

#48 Little Rock, AR 4.4%

#64 Jonesboro, AR 4.7%

#244 Memphis, TN 6.9%

Nov 07

Feb 08

#55 Lake Charles, LA 4.5%

#123 Monroe, LA 5.5%

Nov 08

Aug 08

50

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,

Housing

Peaked In 2005

Housing Was A

Substantial

Contributor To

State Economic

Growth--Now

Working In

Reverse

Our Markets:

Minimal Impact

51

Markets –

Markets –

Local Economies

Local Economies

Freddie Mac –

Freddie Mac –

Regional Prices

Regional Prices

FHLMC, “National Home-Value Drop Accelerates

FHLMC, “National Home-Value Drop Accelerates

in Third Quarter”, December 1, 2008

in Third Quarter”, December 1, 2008

Last 5-Year

Housing

Price

Last 12

Region

States Included

Change

Months

3Q08

West South Central

LA, AR, TX, OK

25.9%

0.5%

0.0%

Middle Atlantic

NY, NJ, PA

33.4%

-2.2%

-0.1%

West North Central

IA, KS, MN, MO, ND, NE, SD

12.7%

-2.6%

-0.5%

East South Central

TN, AL, MS, KY

23.6%

-1.3%

-1.1%

New England

CT, MA, ME, NH, RI, VT

13.9%

-5.1%

-1.1%

East North Central

IL, IN, MI, OH, WI

5.7%

-3.9%

-1.2%

South Atlantic

NC, SC, FL, GA, VA, MD, WV, DC, DE

27.6%

-6.8%

-2.1%

Mountain

AZ, CO, ID, MT, NM, NV, UT, WY

33.1%

-7.6%

-2.3%

Pacific

CA, OR, WA, HI, AK

18.0%

-20.2%

-5.4%

United States

20.5%

-7.2%

-1.9%

52

Markets –

Markets –

Local Economies

Local Economies

House Price Decline Probability

House Price Decline Probability

Local Housing

Local Housing

Prices Did Not

Prices Did Not

Escalate

Escalate

Rapidly, So

Rapidly, So

Little House

Little House

Price “Snap-

Price “Snap-

Back”

Back”

According To

According To

PMI, Our

PMI, Our

Markets Have

Markets Have

Some Of The

Some Of The

Lowest

Lowest

Probabilities

Probabilities

To Exhibit

To Exhibit

Housing Price

Housing Price

Declines Over

Declines Over

Next 2 Years

Next 2 Years

Source: PMI Economic Real Estate Trends, Winter 2009

Source: PMI Economic Real Estate Trends, Winter 2009

Ranking 381 U.S. MSAs

PMI Housing Risk Index

Probability That House Prices Will Be Lower In 2 Years

0

10

20

30

40

50

60

70

80

90

100

28.9

MSA Average = 28.9

Baton Rouge, LA 2.5

Alexandria, LA 1.3

New Orleans, LA 2.6

Lowest Ratings (<1.0):

Houma, LA

Jonesboro, AR,

Lafayette, LA,

Lake Charles, LA,

Little Rock, AR,

Monroe, LA,

Shreveport, LA

NW AR 4.3

Memphis, TN 2.1

53

Markets –

Markets –

Local Economies

Local Economies

Forbes –

Forbes –

Strongest Housing Mkts

Strongest Housing Mkts

McAllen, TX

McAllen, TX

Syracuse, NY

Syracuse, NY

Pittsburgh, PA

Pittsburgh, PA

Buffalo, NY

Buffalo, NY

El Paso, TX

El Paso, TX

Tulsa, OK (Mortgage)

Tulsa, OK (Mortgage)

Houston, TX

Houston, TX

Charleston, SC

Charleston, SC

Little Rock, AR

Little Rock, AR

Birmingham, AL

Birmingham, AL

Ft. Worth, TX

Ft. Worth, TX

New Orleans, LA

New Orleans, LA

Dallas, TX (Mortgage)

Dallas, TX (Mortgage)

Austin, TX

Austin, TX

Rochester, NY

Rochester, NY

San Antonio, TX

San Antonio, TX

Augusta, GA

Augusta, GA

Baton Rouge, LA

Baton Rouge, LA

Memphis, TN

Memphis, TN

Oklahoma City, OK

Oklahoma City, OK

Albany, NY

Albany, NY

Indianapolis, IN

Indianapolis, IN

Columbia, SC

Columbia, SC

Scranton, PA

Scranton, PA

Omaha, NE

Omaha, NE

Forbes, “America’s 25 Strongest Housing Markets, January 7, 2009:

Forbes, “America’s 25 Strongest Housing Markets, January 7, 2009:

54

Markets -

Markets -

Housing

Housing

Local –

Local –

Lafayette Home Inventory

Lafayette Home Inventory

Lafayette &

Lafayette &

Acadiana

Acadiana

Housing

Housing

Inventories

Inventories

Declined

Declined

Throughout

Throughout

2008

2008

Remains

Remains

Half The

Half The

National

National

Average For

Average For

Housing

Housing

Supply

Supply

Source: Van Eaton & Romero and Bloomberg

Source: Van Eaton & Romero and Bloomberg

Months

Supply

Of

Housing

-

U.S.

Versus

Lafayette

&

Acadiana

Region

11.2

11.5

5.8

6.9

-

1

2

3

4

5

6

7

8

9

10

11

12

13

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

Oct

08

Nov

08

Dec

08

U.S. Average-Existing Homes

U.S. Average-New Homes

Lafayette-All Properties

All Acadiana

Parishes

U.S. New Homes

U.S. Existing Homes

Acadiana

Region

Lafayette

55

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