Iberiabank (IBKC) 8-K IBERIABANK Corporation Reports Second Quarter 2009 Results

2Q09 Earnings Conference Call

Supplemental

Materials  

July 21, 2009  

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 -

Position

Position

Favorable Balance Sheet Composition

Favorable Balance Sheet Composition

Very Balanced; Core Funded; Low C&D Exposure

Very Balanced; Core Funded; Low C&D Exposure

Continued Good Asset Quality; Extraordinary Capital

Continued Good Asset Quality; Extraordinary Capital

Returned TARP Preferred And Repurchased Warrants

Returned TARP Preferred And Repurchased Warrants

Favorable Interest Rate And Credit Risk Positioning

Favorable Interest Rate And Credit Risk Positioning

$16 Million Unrealized Gain In Investment Portfolio

$16 Million Unrealized Gain In Investment Portfolio

Future Growth Engines: Memphis, Mobile, & Houston

Future Growth Engines: Memphis, Mobile, & Houston

We Avoided What Ails The Banking Industry

We Avoided What Ails The Banking Industry

Remain Well Positioned For Future Opportunities

Remain Well Positioned For Future Opportunities

5

Introductory Comments

Introductory Comments

Summary –

Summary –

2Q09

2Q09

Modest Loan And Deposit Growth

Modest Loan And Deposit Growth

Margin Improvement Due To Lower Deposit Costs

Margin Improvement Due To Lower Deposit Costs

T/E Net Interest Income Up $2.1mm (+6%)

T/E Net Interest Income Up $2.1mm (+6%)

NPAs/Assets = 1.04%, Up From 0.95% (+$6 mm)

NPAs/Assets = 1.04%, Up From 0.95% (+$6 mm)

30+ Days Past Due = 1.38%, Down From 1.55%

30+ Days Past Due = 1.38%, Down From 1.55%

Net COs/Avg Loans = 0.33%, Up From 0.24%

Net COs/Avg Loans = 0.33%, Up From 0.24%

Provision = $7.8mm, Up $4.8mm (+157%)

Provision = $7.8mm, Up $4.8mm (+157%)

Loan Loss Reserve/Loans = 1.21%, Up From 1.11%

Loan Loss Reserve/Loans = 1.21%, Up From 1.11%

Investment Sale Gains = $5.9mm ($0 In 1Q09)

Investment Sale Gains = $5.9mm ($0 In 1Q09)

Other Nonint Income Up $2.4mm (+10%; Mortgage & Title)

Other Nonint Income Up $2.4mm (+10%; Mortgage & Title)

EPS = $0.52, Up 46%; Tempered Due To Excess Capital

EPS = $0.52, Up 46%; Tempered Due To Excess Capital

6

Introductory Comments

Introductory Comments

Last 12 Months Price Change By Index

Last 12 Months Price Change By Index

Source: SNL Through July 17, 2009

Source: SNL Through July 17, 2009

7

Introductory Comments

Introductory Comments

Price Change Since 6/30/09 By Index

Price Change Since 6/30/09 By Index

Source: SNL Through July 17, 2009

Source: SNL Through July 17, 2009

8

Introductory Comments

Introductory Comments

Annual Change In Stock Price

Annual Change In Stock Price

9

Introductory Comments

Introductory Comments

Strategic Goals & Priorities

Strategic Goals & Priorities

•

•

Double-Digit Annual EPS Growth

Double-Digit Annual EPS Growth

•

•

ROTE Of 23% -

ROTE Of 23% -

25%

25%

•

•

Bank Tangible Efficiency < 50%

Bank Tangible Efficiency < 50%

•

•

Top Quartile Asset Quality

Top Quartile Asset Quality

•

•

Develop Memphis, Mobile & Houston

Develop Memphis, Mobile & Houston

•

•

Deepen Share In Little Rock, Baton Rouge,

Deepen Share In Little Rock, Baton Rouge,

New Orleans, And Shreveport

New Orleans, And Shreveport

•

•

Expand Investment Management Business

Expand Investment Management Business

•

•

Provide Depth For Unusual Opportunities

Provide Depth For Unusual Opportunities

•

•

Grind Our Way Through The Credit Cycle

Grind Our Way Through The Credit Cycle

Strategic

Strategic

Goals

Goals

18-Month

18-Month

Priorities

Priorities

10

Asset Quality

11

Asset Quality

Asset Quality

Loan Portfolio Mix

Loan Portfolio Mix

$000s

% of

CRE

%

Loans

C&D-IBERIABANK fsb

18,787

$       

1%

0%

C&D-IBERIABANK

133,452

9%

5%

CRE-Owner Occupied

555,078

39%

14%

CRE-Non-Owner Occupied

712,745

50%

19%

Total Commercial RE

1,420,063

$  

100%

37%

12

Asset Quality

Asset Quality

IBERIABANK fsb

IBERIABANK fsb

Builder

Builder

Exposure

Exposure

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Builder Loans

Memphis Area

7,543

$       

7,557

$      

26

42.2%

100%

290,118

$     

North Mississippi

768

768

4

4.3%

100%

192,112

$     

Little Rock

4,128

4,216

18

23.1%

98%

229,317

$     

Northeast Ark.

1,031

1,112

9

5.8%

93%

114,527

$     

Northwest Ark.

4,389

4,578

41

24.6%

96%

107,048

$     

Total

17,859

$     

18,231

$     

98

100.0%

98%

182,234

$     

On 3/31/09

22,086

$     

22,207

$    

130

100.0%

99%

169,889

$     

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

$          

2,336

$      

-

$             

3,144

$        

1

62

0

18

North Mississippi

-

-

-

768

0

0

0

4

Little Rock

2,267

295

-

1,566

1

9

1

9

Northeast Ark.

-

808

-

223

0

10

0

1

Northwest Ark.

-

1,144

-

3,245

0

23

0

20

     Total

4,330

$          

4,583

$      

-

$             

8,947

$        

2

104

1

52

On 3/31/09

4,336

$         

4,758

$      

80

$             

12,911

$      

2

112

1

81

% Of Total - 3/31/09

24%

26%

0%

50%

1%

65%

1%

33%

% Of Total - 3/31/09

20%

22%

0%

58%

1%

57%

1%

41%

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

7,543

$        

1,544

$   

384

$       

943

$       

2,136

$    

2,536

$        

1,204

$       

33.6%

15.97%

North Mississippi

768

-

-

-

-

768

1

100.0%

0.10%

Little Rock

4,128

3,909

-

218

-

-

142

0.0%

3.44%

Northeast Ark.

1,031

639

-

-

-

392

14

38.0%

1.40%

Northwest Ark.

4,389

2,655

212

-

-

1,523

521

34.7%

11.87%

     Total

17,859

$      

8,747

$   

596

$       

1,161

$    

2,136

$    

5,219

$        

1,882

$       

29.2%

10.54%

On 3/31/09

22,086

$     

12,527

$ 

1,639

$   

-

$       

-

$       

7,919

$        

1,875

$       

35.9%

8.49%

By Dollar Amount ($000)

# Of Days Past Due

13

Asset Quality

Asset Quality

IBERIABANK

IBERIABANK

Builder & Non-Builder

Builder & Non-Builder

C&D Exposure

C&D Exposure

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Holding Co & Admin

290

$         

290

$             

2

0.2%

100%

145,135

$       

Lafayette

27,000

33,155

100

20.2%

81%

269,995

$       

Community Bank

1,703

1,760

46

1.3%

97%

37,025

$         

Baton Rouge

10,916

12,538

36

8.2%

87%

303,224

$       

New Orleans

17,419

19,805

28

13.1%

88%

622,094

$       

Northshore

21,880

26,488

16

16.4%

83%

1,367,506

$     

Regional Commercial South

235

620

1

0.2%

38%

235,000

$       

Shreveport

13,515

15,148

13

10.1%

89%

1,039,621

$     

NE Louisiana

1,524

1,925

29

1.1%

79%

52,568

$         

Regional Commercial North

22,253

30,089

8

16.7%

74%

2,781,582

$     

Mortgage -

RIC

16,718

24,344

96

12.5%

69%

174,142

$       

Total

133,452

$  

166,162

$       

375

100.0%

80%

355,873

$       

On 3/31/09

151,258

$  

182,326

$      

292

100.0%

83%

518,007

$       

By Dollar Amount ($000)

<100%

100%

<100%

100%

Complete

Complete

Complete

Complete

Holding Co & Admin

-

$            

290

$            

0

2

Lafayette

10,234

16,766

15

85

Community Bank

272

1,431

1

45

Baton Rouge

970

9,946

7

29

New Orleans

4,709

12,710

4

24

Northshore

3,886

17,994

4

12

Regional Commercial South

235

-

1

0

Shreveport

4,835

8,680

4

9

NE Louisiana

100

1,424

1

28

Regional Commercial North

4,436

17,817

3

5

Mortgage -

RIC

5,677

11,040

44

52

Total

35,354

$       

98,098

$        

84

291

On 3/31/09

39,208

$      

112,050

$      

113

179

By Dollar Amount ($000)

Number

% Balance

Funded

Loans

Discounts &

%

Discounts &

Balance

Current

30-59

60-89

> 90

Nonaccrual

Reserves

Nonaccrual

Reserves

Holding Co & Admin

290

$      

0

$          

-

$ 

-

$

-

$ 

290

$         

1

$            

100.0%

0.22%

Lafayette

27,000

26,882

38

-

80

-

283

0.0%

1.05%

Community Bank

1,703

1,652

13

-

16

22

12

1.3%

0.72%

Baton Rouge

10,916

10,282

-

-

-

634

112

5.8%

1.02%

New Orleans

17,419

17,419

-

-

-

-

194

0.0%

1.11%

Northshore

21,880

21,880

-

-

-

-

241

0.0%

1.10%

Regional Commercial South

235

235

-

-

-

-

3

0.0%

1.11%

Shreveport

13,515

13,515

-

-

-

-

146

0.0%

1.08%

NE Louisiana

1,524

1,429

-

-

59

36

7

2.4%

0.46%

Regional Commercial North

22,253

22,253

-

-

-

-

247

0.0%

1.11%

Mortgage -

RIC

16,718

15,569

-

-

126

1,022

46

6.1%

0.27%

Total

133,452

$

131,117

$

50

$  

-

$

281

$

2,004

$      

1,292

$      

1.5%

0.97%

On 3/31/09

151,258

$

148,539

$

382

$

-

$

459

$

1,878

$      

1,383

$     

1.2%

0.91%

By Dollar Amount ($000)

# Of Days Past Due 

14

Asset Quality

Asset Quality

2Q09 Compared To Prior Quarters

2Q09 Compared To Prior Quarters

($thousands)

4Q08

1Q09

2Q09

4Q08

1Q09

2Q09

4Q08

1Q09

2Q09

Nonaccruals

6,487

$    

15,883

$  

14,110

$  

21,337

$

17,867

$

14,409

$

27,825

$  

33,750

$  

28,519

$  

OREO & Foreclosed

2,167

1,692

1,199

14,146

14,336

16,153

16,312

16,028

17,352

90+ Days Past Due

1,309

1,655

3,596

1,172

1,297

9,663

2,481

2,952

13,259

Nonperforming Assets

9,962

$    

19,230

$  

18,905

$  

36,655

$

33,500

$

40,225

$

46,618

$  

52,730

$  

59,130

$  

NPAs/Assets

0.26%

0.48%

0.45%

2.42%

2.31%

2.78%

0.83%

0.95%

1.04%

NPAs/(Loans + OREO)

0.34%

0.66%

0.64%

4.28%

3.92%

4.60%

1.24%

1.40%

1.54%

LLR/Loans

0.92%

0.96%

1.01%

1.68%

1.64%

1.89%

1.09%

1.11%

1.21%

Net Charge-Offs/Loans

0.11%

0.15%

0.08%

1.93%

0.58%

1.22%

0.53%

0.24%

0.33%

Past Dues:

30-89 Days Past Due

18,810

$  

7,278

$    

6,195

$    

12,050

$

14,232

$

5,209

$ 

30,860

$  

21,510

$  

11,404

$  

90+ days Past Due

1,309

1,655

3,596

1,172

1,297

9,663

2,481

2,952

13,259

Nonaccual

Loans

6,487

15,883

14,110

21,337

17,867

14,409

27,825

33,750

28,519

Total 30+ Past Dues

26,606

$  

24,816

$  

23,902

$  

34,560

$

33,396

$

29,280

$

61,166

$  

58,212

$  

53,182

$  

% Loans

0.92%

0.85%

0.80%

4.10%

3.97%

3.41%

1.63%

1.55%

1.38%

Loan Mix:

Commercial

57.6%

59.0%

60.5%

60.4%

61.2%

62.2%

58.3%

59.5%

60.9%

Consumer

14.0%

14.0%

14.0%

23.7%

23.2%

22.6%

16.2%

16.1%

15.9%

Mortgage

15.9%

15.0%

13.8%

8.7%

8.6%

8.0%

14.3%

13.6%

12.5%

Business Banking

3.3%

2.9%

2.6%

2.7%

2.5%

2.5%

3.1%

2.8%

2.6%

Indirect

9.2%

9.1%

9.1%

0.0%

0.0%

0.0%

7.1%

7.0%

7.1%

Credit Cards

0.0%

0.0%

0.0%

4.5%

4.5%

4.7%

1.0%

1.0%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

IBERIABANK

IBERIABANK fsb

IBERIABANK Corporation

15

Asset Quality

Asset Quality

Trends –

Trends –

Entity NPAs

Entity NPAs

& Past Dues

& Past Dues

(Dollars in $000s)

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

$Chg

3/31/08

6/30/08

9/30/08

12/31/08

3/31/09

6/30/09

Last Qtr.

Nonaccrual

IBERIABANK

4,408

$     

6,295

$     

5,784

$     

6,487

$     

15,883

$    

14,110

$    

(1,773)

$      

IBERIABANK

fsb

29,698

24,534

20,297

21,337

17,867

14,409

(3,458)

Consolidated

34,107

$    

30,829

$    

26,081

$    

27,825

$    

33,750

$    

28,519

$    

(5,231)

$      

OREO & Foreclosed Assets

IBERIABANK

2,164

$     

850

$        

959

$        

2,167

$     

1,692

$     

1,199

$     

(493)

$        

IBERIABANK

fsb

7,560

8,862

11,485

14,146

14,336

16,153

1,817

Consolidated

9,724

$     

9,712

$     

12,444

$    

16,312

$    

16,028

$    

17,352

$    

1,324

$       

Accruing 90+ Days Past Due

IBERIABANK

1,437

$     

867

$        

1,567

$     

1,309

$     

1,655

$     

3,596

$     

1,941

$       

IBERIABANK

fsb

2,394

501

3,329

1,172

1,297

9,663

8,366

Consolidated

3,831

$     

1,367

$     

4,895

$     

2,481

$     

2,952

$     

13,259

$    

10,307

$     

Total NPAs

IBERIABANK

8,009

$     

8,012

$     

8,309

$     

9,963

$     

19,229

$    

18,905

$    

(324)

$        

IBERIABANKfsb

39,653

33,896

35,111

36,655

33,500

40,225

6,725

Consolidated

47,662

$    

41,908

$    

43,420

$    

46,618

$    

52,730

$    

59,130

$    

6,401

$       

NPAs

/ Total Assets

IBERIABANK

0.22%

0.22%

0.22%

0.26%

0.48%

0.45%

IBERIABANKfsb

2.73%

2.12%

2.23%

2.42%

2.31%

2.78%

Consolidated

0.93%

0.79%

0.81%

0.83%

0.95%

1.04%

30-89 Days Past Due

IBERIABANK

9,604

$     

7,842

$     

6,329

$     

18,810

$    

7,278

$     

6,195

$     

(1,083)

$     

IBERIABANKfsb

9,725

8,722

7,525

12,050

14,232

5,209

(9,023)

Consolidated

19,329

$    

16,564

$    

13,854

$    

30,860

$    

21,510

$    

11,404

$    

(10,106)

$   

30-89 Days PDs

/ Loans

IBERIABANK

0.36%

0.29%

0.23%

0.65%

0.25%

0.21%

IBERIABANKfsb

1.25%

1.01%

0.90%

1.43%

1.69%

0.61%

Consolidated

0.56%

0.47%

0.38%

0.82%

0.57%

0.30%

16

Asset Quality

Asset Quality

Trends –

Trends –

Entity LLR & Net COs

Entity LLR & Net COs

(Dollars in $000s)

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

$Chg

3/31/08

6/30/08

9/30/08

12/31/08

3/31/2009

6/30/09

Last Qtr.

Loan Loss Reserve*

IBERIABANK

24,434

$   

24,962

$   

25,528

$   

26,671

$   

27,866

$   

30,098

$    

2,232

$      

IBERIABANK fsb

14,769

14,791

14,022

14,201

13,796

16,231

2,435

Consolidated

39,203

$   

39,753

$   

39,551

$   

40,872

$   

41,662

$   

46,329

$    

4,667

$      

LLR / Total Loans

IBERIABANK

0.92%

0.92%

0.91%

0.92%

0.96%

1.01%

IBERIABANK fsb

1.89%

1.81%

1.67%

1.68%

1.64%

1.89%

Consolidated

1.14%

1.12%

1.09%

1.09%

1.11%

1.21%

Net Charge-Offs

IBERIABANK

678

$        

283

$        

183

$        

801

$        

1,052

$     

553

$        

(499)

$        

IBERIABANK fsb

1,100

702

2,150

4,084

1,190

2,562

1,372

Consolidated

1,778

$     

985

$        

2,333

$     

4,885

$     

2,242

$     

3,116

$      

874

$         

Net COs/Avg

Loans

IBERIABANK

0.10%

0.04%

0.03%

0.11%

0.15%

0.08%

IBERIABANK fsb

0.58%

0.35%

1.02%

1.93%

0.58%

1.22%

Consolidated

0.21%

0.11%

0.26%

0.53%

0.24%

0.33%

LLR Coverage Of NPAs

IBERIABANK

305%

312%

307%

268%

147%

159%

IBERIABANK fsb

37%

44%

40%

39%

34%

40%

Consolidated

82%

95%

91%

88%

70%

78%

*

Does not include loan discounts associated with acquisitions.

17

Asset Quality

Asset Quality

Loan Mix And 30 Days+ Past Due

Loan Mix And 30 Days+ Past Due

Consolidated Loans By Type

(Dollars in $000s)

1Q08

2Q08

3Q08

4Q08

1Q09

2Q09

3/31/08

6/30/08

9/30/08

12/31/08

3/31/09

6/30/09

% of Outstandings

Commercial

57.1%

56.2%

57.0%

58.3%

59.5%

60.9%

Mortgage

16.6%

15.8%

14.8%

14.3%

13.6%

12.5%

Consumer

16.3%

16.7%

16.7%

16.2%

16.1%

15.9%

Indirect

7.0%

7.0%

7.2%

7.1%

7.0%

7.1%

Business Banking

2.1%

3.4%

3.3%

3.1%

2.8%

2.6%

Credit Cards

0.9%

0.9%

1.0%

1.0%

1.0%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

2.00%

1.60%

1.31%

1.91%

1.82%

1.45%

Mortgage

0.90%

0.95%

1.00%

0.97%

0.85%

1.25%

Consumer

1.66%

1.45%

1.43%

1.55%

1.53%

1.44%

Indirect

0.97%

0.75%

0.89%

1.08%

0.97%

1.06%

Business Banking

1.30%

0.75%

0.77%

1.10%

0.83%

1.29%

Credit Cards

1.44%

1.02%

1.15%

1.55%

1.63%

1.32%

Total Loans

1.69%

1.38%

1.24%

1.63%

1.55%

1.38%

IBERIABANK

0.59%

0.55%

0.49%

0.91%

0.85%

0.80%

IBERIABANK fsb

4.99%

3.88%

3.71%

4.10%

3.97%

3.41%

Consolidated

1.69%

1.38%

1.24%

1.63%

1.55%

1.38%

*

Includes nonaccruing

loans

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

Increase At

Increase At

IBERIABANK

IBERIABANK

In 1Q09 Due

In 1Q09 Due

Primarily To

Primarily To

$7 Million

$7 Million

Aircraft

Aircraft

Relationship

Relationship

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

Classified

Assets

Assets

And

And

NPAs

NPAs

Remain

Remain

Strong

Strong

•

•

$2.8 Million Loan Loss Provision In 2Q09 (1Q09 = $2.2 Million)

$2.8 Million Loan Loss Provision In 2Q09 (1Q09 = $2.2 Million)

IBERIABANK

IBERIABANKfsb

Franchise

Franchise

–

–

Mixed

Mixed

Situation

Situation

•

•

Excluding Builder Portfolio, Loan Portfolio Is In Good Shape

Excluding Builder Portfolio, Loan Portfolio Is In Good Shape

•

•

Construction Portfolio Continues To Progress

Construction Portfolio Continues To Progress

•

•

Continuing To Aggressively Address Potential Problems

Continuing To Aggressively Address Potential Problems

•

•

$5.0 Million Loan Loss Provision in 2Q09 (1Q09 = $0.8 Million)

$5.0 Million Loan Loss Provision in 2Q09 (1Q09 = $0.8 Million)

$3.1 Million In Net

$3.1 Million In Net

Charge-Offs In

Charge-Offs In

2Q09 (0.33% Of

2Q09 (0.33% Of

Average Loans)

Average Loans)

2Q08

3Q08

4Q08

1Q09

2Q09

Net Charge-Offs

985

$  

2,333

$

4,885

$

2,242

$  

3,116

$  

Loan Growth

1,302

968

1,256

150

864

Change In Asset Quality

(750)

(1,171)

65

640

3,803

Loan Loss Provision

1,537

$

2,131

$

6,206

$

3,032

$  

7,783

$  

Net Charge-Offs/Avg. Loans

0.11%

0.26%

0.53%

0.24%

0.33%

Loan Loss Reserve/Loans

1.12%

1.09%

1.09%

1.11%

1.21%

20

Asset Quality

Asset Quality

C&D Loans And

C&D Loans And

NPAs

NPAs

Compared To

Compared To

Peers

Peers

Source: SNL, using most recent quarterly information

Source: SNL, using most recent quarterly information

The Lowest Level Of

The Lowest Level Of

C&D Loan Exposure

C&D Loan Exposure

Compared To Peers

Compared To Peers

Aggressive Actions

Aggressive Actions

Result In A Modest

Result In A Modest

Level Of C&D

Level Of C&D

Nonaccrual Loans

Nonaccrual Loans

One Of The Lowest

One Of The Lowest

Levels Of NPAs

Levels Of NPAs

Compared To Peers

Compared To Peers

C&D Loans /

Total Loans

NPAs

/

Total Assets

21

Asset Quality

Asset Quality

Commercial Real Estate Portfolio

Commercial Real Estate Portfolio

22

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

637.3

$       

188.2

$      

825.5

$      

Past Due

0.6

9.1

9.7

Nonaccrual

0.8

6.6

7.4

Total

638.7

$       

203.9

$      

842.6

$      

% Nonaccrual

0.12%

3.25%

0.88%

Owner Occupied

Current

436.2

$       

134.0

$      

570.1

$      

Past Due

0.6

0.7

1.3

Nonaccrual

1.9

4.1

6.1

Total

438.7

$       

138.8

$      

577.4

$      

% Nonaccrual

0.44%

2.98%

1.05%

Total CRE

1,077.3

$    

342.7

$      

1,420.1

$   

% Nonaccrual

0.25%

3.14%

0.95%

Last Qtr (3/31/09)

0.24%

3.91%

1.12%

Non-Owner Occup/Tier 1 Cap.

181%

149%

150%

23

Asset Quality

Asset Quality

Commercial Portfolio Composition

Commercial Portfolio Composition

Note:

Note:

At

At

December

December

31,

31,

2008;

2008;

Includes

Includes

commercial

commercial

construction

construction

and

and

land

land

development

development

loans

loans

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

24

Consumer Loan

Portfolio

25

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

128

$         

738

27

$        

735

155

$      

738

Home Equity Loans

208

724

140

726

348

725

Unsecured Lines

14

731

2

725

15

730

Unsecured

18

691

8

689

26

690

Other Secured

43

700

11

688

55

697

Indirect Auto

261

718

-

-

261

718

Total

672

$         

719

188

$      

713

860

$      

717

Consumer Portfolio - Product Type And Average Score

IBERIABANK

IBERIABANK fsb

IBERIABANK Corp

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

12%

12%

4%

6%

13%

13%

750 - 799

34%

34%

21%

22%

25%

30%

700 - 749

27%

24%

28%

26%

20%

21%

650 - 699

15%

15%

22%

20%

15%

17%

600 - 649

6%

6%

11%

10%

11%

8%

550 - 599

2%

4%

6%

6%

7%

4%

500 - 549

2%

3%

5%

5%

5%

3%

450 - 499

1%

1%

1%

2%

1%

1%

400 - 449

0%

0%

0%

0%

0%

0%

Other

1%

1%

2%

1%

3%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

738

725

730

690

697

718

Consumer Portfolio - Score Distribution By Product

26

Consumer Portfolio

Consumer Portfolio

Credit Score Distribution

Credit Score Distribution

Note: Excludes Credit Cards

Note: Excludes Credit Cards

27

Consumer

Consumer

Portfolio

Portfolio

Past Dues

Past Dues

By Product

By Product

Generally

Generally

Good And

Good And

Stable Asset

Stable Asset

Quality

Quality

3/31/08

6/30/08

9/30/08

12/31/08

3/31/09

6/30/09

Home Equity Lines of Credit

30 to 59 Days Past Due

1.10%

0.34%

0.31%

0.24%

0.68%

0.19%

60 to 89 Days Past Due

0.04%

0.02%

0.15%

0.13%

0.07%

0.14%

Over 90 Days Past Due

0.10%

0.06%

0.09%

0.11%

0.11%

0.19%

       Total 30+ Days Past Due

1.24%

0.43%

0.55%

0.48%

0.86%

0.52%

    Net Charge-Offs

0.00%

0.02%

0.01%

0.15%

0.23%

0.07%

Home Equity Term Loans

30 to 59 Days Past Due

0.85%

0.35%

0.25%

0.80%

0.56%

0.46%

60 to 89 Days Past Due

0.07%

0.30%

0.18%

0.09%

0.17%

0.17%

Over 90 Days Past Due

0.10%

0.11%

0.30%

0.05%

0.06%

0.28%

       Total 30+ Days Past Due

1.03%

0.77%

0.73%

0.93%

0.79%

0.91%

    Net Charge-Offs

0.04%

0.01%

0.04%

0.21%

0.13%

0.18%

Indirect Loans

30 to 59 Days Past Due

0.49%

0.34%

0.45%

0.59%

0.54%

0.49%

60 to 89 Days Past Due

0.08%

0.04%

0.12%

0.18%

0.12%

0.19%

Over 90 Days Past Due

0.03%

0.07%

0.07%

0.05%

0.05%

0.07%

Non Accrual

0.39%

0.33%

0.28%

0.30%

0.30%

0.32%

  Total 30+ Days PD + NA's

1.00%

0.78%

0.92%

1.12%

1.01%

1.08%

    Net Charge-Offs

0.45%

0.14%

0.20%

0.44%

0.43%

0.42%

Credit Card Loans

30 to 59 Days Past Due

0.49%

0.35%

0.49%

0.49%

0.27%

0.42%

60 to 89 Days Past Due

0.26%

0.30%

0.21%

0.45%

0.38%

0.18%

Over 90 Days Past Due

0.68%

0.37%

0.45%

0.61%

0.99%

0.72%

       Total 30+ Days Past Due

1.44%

1.02%

1.15%

1.55%

1.63%

1.32%

    Net Charge-Offs

2.96%

1.57%

1.05%

1.34%

2.83%

4.31%

Other Consumer Loans

30 to 59 Days Past Due

1.63%

1.19%

0.76%

1.20%

1.07%

0.70%

60 to 89 Days Past Due

0.29%

0.89%

0.46%

0.35%

0.15%

0.13%

Over 90 Days Past Due

0.14%

0.10%

0.53%

0.82%

0.12%

0.23%

       Total 30+ Days Past Due

2.05%

2.18%

1.74%

2.37%

1.34%

1.07%

    Net Charge-Offs

0.66%

1.35%

1.55%

1.88%

2.03%

1.40%

Consumer Portfolio - Quarterly Credit Statistics

Loans Past Due As a % Of Product Loans

28

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Origination Mix

Origination Mix

29

Consumer Portfolio

Consumer Portfolio

By Product –

By Product –

Loan-To-Values

Loan-To-Values

30

Consumer Portfolio

Consumer Portfolio

Indirect –

Indirect –

30+ Days Past Dues

30+ Days Past Dues

31

Consumer Portfolio

Consumer Portfolio

Indirect –

Indirect –

Net Charge-Offs

Net Charge-Offs

32

Financial Overview

33

Financial Overview

Financial Overview

Favorable Balance Sheet Growth

Favorable Balance Sheet Growth

2Q09 Results

2Q09 Results

•

•

Loans +$71mm, +2%

Loans +$71mm, +2%

•

•

Deposits +$39mm +1%

Deposits +$39mm +1%

•

•

Loan/Deposits = 92%

Loan/Deposits = 92%

•

•

Equity = +$5mm, +1%*

Equity = +$5mm, +1%*

•

•

Equity/Assets = 11.58%*

Equity/Assets = 11.58%*

•

•

Tier 1 Leverage = 9.24%*

Tier 1 Leverage = 9.24%*

•

•

Div Payout = 65%*

Div Payout = 65%*

•

•

ROA = 0.61%

ROA = 0.61%

•

•

ROE = 5.11%

ROE = 5.11%

•

•

ROTE = 8.75%

ROTE = 8.75%

•

•

Efficiency Ratio = 71%

Efficiency Ratio = 71%

•

•

Tang Eff. Ratio = 68%

Tang Eff. Ratio = 68%

•

•

BV/Share = $41.13*

BV/Share = $41.13*

•

•

Tang BV/Share = $25.12*

Tang BV/Share = $25.12*

* Does Not Include Impact Of July 7,

* Does Not Include Impact Of July 7,

2009 Common Equity Raise

2009 Common Equity Raise

34

Financial Overview

Financial Overview

Trends -

Trends -

Mortgage Interest Rates

Mortgage Interest Rates

Source: Bloomberg

Source: Bloomberg

Conforming

Conforming

Rates

Rates

Remain Low

Remain Low

Refi

Refi

Activity

Activity

Beginning To

Beginning To

Moderate

Moderate

Sales

Sales

Spreads

Spreads

Remain

Remain

Favorable

Favorable

Improved

Improved

Competitive

Competitive

Dynamics In

Dynamics In

Mortgage

Mortgage

Business

Business

35

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 Spread

Jumbo Spread

Has Narrowed

Has Narrowed

Considerably

Considerably

Mix Of FHA/VA

Mix Of FHA/VA

& Conforming

& Conforming

Product

Product

In July 2009,

In July 2009,

36% Of Our

36% Of Our

Production

Production

Was FHA/VA

Was FHA/VA

And 57% Was

And 57% Was

Conventional

Conventional

36

Financial Overview

Financial Overview

Mortgage Quarterly Revenues

Mortgage Quarterly Revenues

In 2Q09 Closed

In 2Q09 Closed

$515mm (+23%

$515mm (+23%

Vs. 1Q09)

Vs. 1Q09)

In 2Q09 Sold

In 2Q09 Sold

$507mm (+27%

$507mm (+27%

Vs. 1Q09)

Vs. 1Q09)

Highest Qtrly

Highest Qtrly

Revenues In

Revenues In

Company History

Company History

2Q09 Vs. 1Q09:

2Q09 Vs. 1Q09:

27% Increase In

27% Increase In

Mtg. Revenues

Mtg. Revenues

$100mm Locked

$100mm Locked

Pipeline 6/30/09

Pipeline 6/30/09

37

Financial Overview

Financial Overview

Title Insurance Qtrly Revenues

Title Insurance Qtrly Revenues

Title & Mortgage

Title & Mortgage

Footprints Don’t

Footprints Don’t

Necessarily

Necessarily

Overlap

Overlap

2Q09: $5.2mm In

2Q09: $5.2mm In

Revenues (+17%

Revenues (+17%

Vs. 1Q09)

Vs. 1Q09)

Significant Order

Significant Order

Count Growth As

Count Growth As

Refinance Wave

Refinance Wave

Continues

Continues

38

Financial Overview

Financial Overview

Quarterly Repricing Schedule

Quarterly Repricing Schedule

Excess Cash Methodically Being Deployed

Excess Cash Methodically Being Deployed

Favorable Deposit Repricing Opportunities

Favorable Deposit Repricing Opportunities

3Q09

4Q09

1Q10

2Q10

3Q10

Cash Equivalents

72.5

$      

-

$      

-

$      

-

$      

-

$      

0.25%

0.00%

0.00%

0.00%

0.00%

Investments

248.9

$     

73.1

$    

58.7

$    

81.6

$    

55.0

$    

1.69%

5.01%

5.00%

4.30%

4.65%

Loans

1,744.3

$  

182.6

$   

172.0

$   

154.5

$   

125.3

$   

3.59%

6.35%

6.29%

6.30%

6.48%

Time Deposits

375.2

$     

357.3

$   

201.0

$   

199.4

$   

153.2

$   

2.67%

2.38%

2.61%

2.34%

3.39%

Borrowed Funds

472.4

$     

31.6

$    

14.1

$    

24.9

$    

31.9

$    

1.84%

5.36%

2.96%

5.23%

4.99%

39

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-6%

-3%

0%

4%

7%

0%

1%

Economic

Value of

Equity

-8%

-2%

0%

1%

1%

-2%

-1%

Financial Overview

Financial Overview

Interest Rate Simulations

Interest Rate Simulations

Source: Bancware model, as of June 30, 2009

Source: Bancware model, as of June 30, 2009

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

40

Markets

41

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

Currently Recruited 7 Team Members

Currently Recruited 7 Team Members

$38mm Deposits, $109mm In Credit Commitments & $47mm Pipeline

$38mm Deposits, $109mm In Credit Commitments & $47mm Pipeline

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%

42

Markets -

Markets -

Branches

Branches

Branch Expansion Initiative

Branch Expansion Initiative

Period-End

Loan

And

Deposit

Volumes

13 Offices

13 Offices

2Q09 Loans

2Q09 Loans

Of $160 mm

Of $160 mm

(+38% Over

(+38% Over

1-Year)

1-Year)

2Q09

2Q09

Deposits Of

Deposits Of

$245 mm

$245 mm

(+17% Over

(+17% Over

1-Year)

1-Year)

Closed One

Closed One

Office

Office

(Prairieville)

(Prairieville)

43

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 24

Closed/Consolidated 24

Offices (All Types)

Offices (All Types)

Opened 13 New Bank

Opened 13 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

44

Markets –

Markets –

Local Economies

Local Economies

Oil & Gas Impact

Oil & Gas Impact

Source: Bloomberg

Source: Bloomberg

45

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

Curve Has

Curve Has

Continued

Continued

To Shift

To Shift

Upward

Upward

Belly Of The

Belly Of The

Curve Hit

Curve Hit

Worst

Worst

Consistently

Consistently

Low Rates Of

Low Rates Of

Unemploy-

Unemploy-

ment

ment

In Our

In Our

MSAs

MSAs

Many Of Our

Many Of Our

Markets Not

Markets Not

Dependent

Dependent

On Housing

On Housing

For Growth

For Growth

46

Markets –

Markets –

Local Economies

Local Economies

Housing’s Share Of State GDP

Housing’s Share Of State GDP

Source:

Source:

NAHB;

NAHB;

Figures

Figures

represent

represent

2005

2005

levels

levels

as

as

indicative

indicative

of

of

peak

peak

period

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

47

Markets –

Markets –

Local Economies

Local Economies

Freddie Mac –

Freddie Mac –

Regional Prices

Regional Prices

FHLMC, “National Home-Price Decline

FHLMC, “National Home-Price Decline

Decelerated in First Quarter”, May 28, 2009

Decelerated in First Quarter”, May 28, 2009

Source: Freddie Mac

Source: Freddie Mac

Last 5-Year

Housing

Price

Last 12

1Q09 vs.

Region

States Included

Change

Months

4Q08

West South Central

LA, AR, TX, OK

21.4%

-0.5%

-0.7%

East South Central

TN, AL, MS, KY

17.6%

-2.8%

-0.8%

West North Central

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

6.7%

-2.8%

-0.9%

New England

CT, MA, ME, NH, RI, VT

6.3%

-3.3%

0.8%

East North Central

IL, IN, MI, OH, WI

-0.4%

-3.9%

0.5%

Middle Atlantic

NY, NJ, PA

22.1%

-4.6%

-1.5%

South Atlantic

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

13.1%

-9.6%

-0.3%

Mountain

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

16.0%

-12.0%

-4.0%

Pacific

CA, OR, WA, HI, AK

-4.9%

-21.2%

-4.7%

United States

8.7%

-8.4%

-1.4%

48

Markets –

Markets –

Local Economies

Local Economies

Housing Price Change Vs. U.S. MSAs

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, 1Q09 Data

Source: Freddie Mac, 1Q09 Data

49

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

Source: PMI Economic Real Estate Trends

50

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:

51

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