 3Q09 Earnings Conference Call Supplemental Materials October 20, 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 Favorable Interest Rate And Credit Risk Positioning Favorable Interest Rate And Credit Risk Positioning $29 Million Unrealized Gain In Investment Portfolio (up $29 Million Unrealized Gain In Investment Portfolio (up from $16 million) from $16 million) Future Growth Engines in Multiple Markets: TN, AL, TX Future Growth Engines in Multiple Markets: TN, AL, TX Strategic Recruits Hired During Quarter Strategic Recruits Hired During Quarter 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 Our Markets Our Markets Distribution System Distribution System |
 6 Introductory Comments Introductory Comments Annual Change In Stock Price Annual Change In Stock Price |
 7 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 |
 8 Financial Overview |
 9 Introductory Comments Introductory Comments Summary – Summary – 3Q09 3Q09 Good Loan And Deposit Growth Good Loan And Deposit Growth T/E Net Interest Income Up $2.6mm (+7%) T/E Net Interest Income Up $2.6mm (+7%) NPAs/Assets NPAs/Assets = = 2.34%, 2.34%, Up Up From From 1.04% 1.04% -- -- (excluding (excluding CapitalSouth CapitalSouth = 0.93%) = 0.93%) 30+ Days Past Due = 3.95%, Up From 1.38% (excluding 30+ Days Past Due = 3.95%, Up From 1.38% (excluding CapitalSouth CapitalSouth = 1.32%) = 1.32%) Net COs/Avg Net COs/Avg Loans = 2.26%, Up From 0.33% Loans = 2.26%, Up From 0.33% Provision = $25 mm, Up $17 mm (+224%) Provision = $25 mm, Up $17 mm (+224%) Loan Loss Reserve/Loans = 1.13%, Down From 1.21% (1.24% Loan Loss Reserve/Loans = 1.13%, Down From 1.21% (1.24% excluding CapitalSouth) excluding CapitalSouth) No Investment Sale Gains in 3Q09 ($5.9mm Gain in 2Q09) No Investment Sale Gains in 3Q09 ($5.9mm Gain in 2Q09) Other Nonint Other Nonint Income Down $2.7mm (-11%; Mortgage & Title) Income Down $2.7mm (-11%; Mortgage & Title) EPS = $1.22, Up 135% EPS = $1.22, Up 135% |
 10 Financial Overview Financial Overview Favorable Balance Sheet Growth Favorable Balance Sheet Growth 3Q09 Results 3Q09 Results • • Loans +$470mm, +12% Loans +$470mm, +12% • • Deposits +$603mm +14% Deposits +$603mm +14% • • Loan/Deposits = 91% Loan/Deposits = 91% • • Equity = +$190mm, +29% Equity = +$190mm, +29% • • Equity/Assets = 13.69% Equity/Assets = 13.69% • • Tier 1 Leverage = 11.55% Tier 1 Leverage = 11.55% • • Div Payout = 28.1% Div Payout = 28.1% • • ROA = 1.62% ROA = 1.62% • • ROE = 11.77% ROE = 11.77% • • ROTE = 17.26% ROTE = 17.26% • • Efficiency Ratio = 45% Efficiency Ratio = 45% • • Tang Eff. Ratio = 44% Tang Eff. Ratio = 44% • • BV/Share = $41.41 BV/Share = $41.41 • • Tang BV/Share = $28.88 Tang BV/Share = $28.88 |
 11 Financial Overview Financial Overview CapitalSouth Acquisition CapitalSouth Acquisition ($ in thousands) Legacy CapitalSouth Consolidated Legacy CapitalSouth Consolidated Loans, Net of Unearned Income 3,020,966 353,223 3,374,190 3,945,622 353,223 4,298,846 Total Assets 4,405,745 489,732 4,895,477 5,976,788 489,732 6,466,520 Total Deposits 3,202,036 468,822 3,670,858 4,306,914 468,822 4,775,737 Average Loans to Average Deposits 90.2% 73.5% 89.2% 91.9% 73.5% 91.0% Nonperforming Assets to Total Assets 0.42% 20.58% 2.34% 0.93% 20.58% 2.34% Allowance for Loan Losses to Total Loans 1.05% 0.04% 0.94% 1.25% 0.04% 3.50% Net Charge-Offs to Total Loans 1.21% 0.00% 1.13% 2.38% 0.00% 2.26% Net Interest Margin (TE) 3.09% 3.11% 3.09% 3.02% 3.11% 3.03% IBERIABANK IBERIABANK Corporation |
 12 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 Mortgage Interest Rate Trend |
 13 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 October, In October, 46% Of Our 46% Of Our Production Production Was FHA/VA Was FHA/VA And 34% Was And 34% Was Conventional Conventional Weekly National 30-Year Mortgage Rates |
 14 Financial Overview Financial Overview Mortgage Quarterly Revenues Mortgage Quarterly Revenues In 3Q09 Closed In 3Q09 Closed $302mm (-41% $302mm (-41% Vs. 2Q09) Vs. 2Q09) In 3Q09 Sold In 3Q09 Sold $340mm (-33% $340mm (-33% Vs. 2Q09) Vs. 2Q09) 3 3 rd rd Highest Highest Revenue Quarter Revenue Quarter In Company In Company History History 3Q09 Vs. 2Q09: 3Q09 Vs. 2Q09: 33% Decrease In 33% Decrease In Mtg. Revenues Mtg. Revenues $130mm Locked $130mm Locked Pipeline 10/16/09 Pipeline 10/16/09 Mortgage Gains On Sale Of Loans |
 15 Financial Overview Financial Overview Title Insurance Qtrly Title Insurance Qtrly Revenues Revenues Title & Mortgage Title & Mortgage Footprints Don’t Footprints Don’t Necessarily Necessarily Overlap Overlap 3Q09: $4.6mm In 3Q09: $4.6mm In Revenues (-11% Revenues (-11% Vs. 2Q09) Vs. 2Q09) Title Insurance Revenues |
  16 Financial Overview Financial Overview Quarterly Repricing Quarterly Repricing Schedule Schedule Excess Cash Methodically Being Deployed Excess Cash Methodically Being Deployed Favorable Repricing Favorable Repricing Opportunities Opportunities Cash Equivalents 284.7 $ - $ - $ - $ - $ 1.64% 0.00% 0.00% 0.00% 0.00% Investments 132.2 $ 94.4 $ 120.2 $ 108.1 $ 51.5 $ 3.82% 4.82% 4.34% 3.96% 4.81% Loans 1,767.5 $ 200.6 $ 169.0 $ 151.3 $ 121.3 $ 3.55% 6.33% 6.43% 6.40% 6.72% Time Deposits 527.9 $ 299.0 $ 216.7 $ 220.8 $ 154.2 $ 2.48% 2.25% 2.26% 2.87% 2.47% Borrowed Funds 396.8 $ 14.2 $ 25.0 $ 32.0 $ 8.9 $ 1.71% 2.95% 5.22% 4.98% 4.80% excludes CapitalSouth |
 17 Financial Overview Financial Overview Interest Rate Simulations Interest Rate Simulations Source: Bancware Source: Bancware Bancware model, as of September 30, 2009 model, as of September 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 excludes CapitalSouth Base Blue Forward Change In: -200 bp -100 bp Case +100 bp +200 bp Chip Curve Net Interest Income -0.4% 0.5% 0.0% 3.9% 8.9% 0.8% 0.5% Economic Value of Equity -9.6% -3.8% 0.0% 1.9% 1.4% -0.6% -1.0% |
 18 Asset Quality |
 19 Asset Quality Asset Quality Loan Portfolio Mix Loan Portfolio Mix Residential 12% Home Equity 12% Credit Card 1% Automobile 1% Indirect Automobile 6% Other Consumer 2% Business 23% Commercial RE 33% Loan Portfolio Composition CapitalSouth Gross Loans = 10%, Discount = 3% $000s % of CRE % Loans C&D-IBERIABANK fsb 13,752 $ 1% 0% C&D-IBERIABANK 225,875 16% 5% CRE-Owner Occupied 535,525 37% 12% CRE-Non-Owner Occupied 678,632 47% 15% Total Commercial RE 1,453,785 $ 100% 33% |
 20 Asset Quality Asset Quality IBERIABANK fsb IBERIABANK fsb Builder Builder Exposure Exposure % Balance Funded Loans Discounts & % Discounts & Balance Current 30-59 60-89 > 90 Nonaccrual Reserves Nonaccrual Reserves Builder Loans Memphis Area 4,982 $ 1,745 $ - $ 180 $ - $ 3,056 $ 132 $ 61.3% 2.64% North Mississippi 441 - - - - 441 45 100.0% 10.30% Little Rock 4,029 3,866 - - - 163 173 4.1% 4.30% Northeast Ark. 709 665 - - - 44 17 6.2% 2.45% Northwest Ark. 2,671 1,689 731 - - 251 270 9.4% 10.11% Total 12,831 $ 7,965 $ 731 $ 180 $ - $ 3,955 $ 638 $ 30.8% 4.97% On 6/30/09 17,859 $ 8,747 $ 596 $ 1,161 $ 2,136 $ 5,219 $ 1,882 $ 29.2% 10.54% By Dollar Amount ($000) # Of Days Past Due Development Lot House <100% House 100% Development House <100% House 100% Loans Loans Complete Complete Loans Lots Complete Complete Memphis Area 979 $ 1,276 $ - $ 2,727 $ 1 61 0 17 North Mississippi - - - 441 0 0 0 2 Little Rock 2,273 237 - 1,520 1 8 1 9 Northeast Ark. - 486 - 223 0 8 0 1 Northwest Ark. - 628 - 2,042 0 15 0 10 Total 3,253 $ 2,627 $ - $ 6,952 $ 2 92 1 39 On 6/30/09 4,330 $ 4,583 $ - $ 8,947 $ 2 104 1 52 % Of Total - 9/30/09 25% 20% 0% 54% 1% 69% 1% 29% % Of Total - 6/30/09 24% 26% 0% 50% 1% 65% 1% 33% By Dollar Amount ($000) Number Geographic Exposure # Of Loans $ Funded % Of Line Average Funded Committed Committed %Total Funded $ Funded Builder Loans Memphis Area 4,982 $ 4,986 $ 25 38.8% 100% 199,274 $ North Mississippi 441 441 2 3.4% 100% 220,324 $ Little Rock 4,029 4,038 16 31.4% 100% 251,842 $ Northeast Ark. 709 723 8 5.5% 98% 88,598 $ Northwest Ark. 2,671 2,672 23 20.8% 100% 116,112 $ Total 12,831 $ 12,859 $ 74 100.0% 100% 173,396 $ On 6/30/09 17,859 $ 18,231 $ 98 100.0% 98% 182,234 $ By Dollar Amount ($000) |
 21 Asset Quality Asset Quality IBERIABANK IBERIABANK Builder & Non-Builder Builder & Non-Builder C&D Exposure C&D Exposure * Excludes CapitalSouth # Of Loans $ Funded % Of Line Average Funded Committed Committed %Total Funded $ Funded Holding Co & Admin 287 $ 287 $ 2 0.1% 100% 143,315 $ Lafayette 43,426 52,699 160 19.2% 82% 271,412 $ Community Bank 4,034 4,595 140 1.8% 88% 28,811 $ Baton Rouge 14,842 18,332 43 6.6% 81% 345,167 $ New Orleans 69,564 76,828 70 30.8% 91% 993,777 $ Northshore 17,207 19,470 19 7.6% 88% 905,633 $ Regional Commercial South 19,625 20,211 8 8.7% 97% 2,453,089 $ Shreveport 15,271 16,033 12 6.8% 95% 1,272,608 $ NE Louisiana 1,708 3,113 49 0.8% 55% 34,860 $ Regional Commercial North 26,848 42,561 10 11.9% 63% 2,684,756 $ Mortgage - RIC 13,064 19,857 77 5.8% 66% 169,663 $ Total 225,875 $ 273,987 $ 590 100.0% 82% 382,840 $ On 6/30/09 133,452 $ 166,162 $ 375 100.0% 80% 355,873 $ By Dollar Amount ($000) Construction & Development Loans (1A) <100% 100% <100% 100% Complete Complete Complete Complete Holding Co & Admin - $ 287 $ 0 2 Lafayette 15,131 28,294 16 144 Community Bank 308 3,725 2 138 Baton Rouge 4,612 10,230 9 34 New Orleans 11,079 58,485 7 63 Northshore 6,493 10,714 5 14 Regional Commercial South 350 19,275 6 2 Shreveport 2,556 12,716 2 10 NE Louisiana 175 1,533 2 47 Regional Commercial North 9,090 17,757 5 5 Mortgage - RIC 4,722 8,342 41 36 Total 54,517 $ 171,358 $ 95 495 On 6/30/09 35,354 $ 98,098 $ 84 291 Construction & Development Loans (1A) By Dollar Amount ($000) Number % Balance Funded Loans Discounts & % Discounts & Balance Current 30-59 60-89 > 90 Nonaccrual Reserves Nonaccrual Reserves Holding Co & Admin 287 $ 0 $ - $ - $ - $ 287 $ 1 $ 100.0% 0.26% Lafayette 43,426 43,235 43 - 148 - 493 0.0% 1.13% Community Bank 4,034 3,842 151 - - 40 30 1.0% 0.75% Baton Rouge 14,842 14,119 - 101 - 622 184 4.2% 1.24% New Orleans 69,564 69,374 - 105 - 85 799 0.1% 1.15% Northshore 17,207 17,051 - - 27 128 311 0.7% 1.81% Regional Commercial South 19,625 19,625 - - - - 228 0.0% 1.16% Shreveport 15,271 15,271 - - - - 227 0.0% 1.49% NE Louisiana 1,708 1,652 17 - - 39 13 2.3% 0.77% Regional Commercial North 26,848 26,848 - - - - 473 0.0% 1.76% Mortgage - RIC 13,064 11,391 719 - 188 766 43 5.9% 0.33% Total 225,875 $ 222,409 $ 931 $ 206 $ 362 $ 1,966 $ 2,804 $ 0.9% 1.24% On 6/30/09 133,452 $ 131,117 $ 50 $ - $ 281 $ 2,004 $ 1,292 $ 1.5% 0.97% By Dollar Amount ($000) # Of Days Past Due Construction & Development Loans (1A) |
 22 Asset Quality Asset Quality 3Q09 Compared To Prior Quarters 3Q09 Compared To Prior Quarters Includes CapitalSouth ($thousands) 1Q09 2Q09 3Q09 1Q09 2Q09 3Q09 1Q09 2Q09 3Q09 Nonaccruals 15,883 $ 14,110 $ 100,649 $ 17,867 $ 14,409 $ 22,655 $ 33,750 $ 28,519 $ 123,304 $ OREO & Foreclosed 1,692 1,199 11,872 14,336 16,153 11,192 16,028 17,352 23,065 90+ Days Past Due 1,655 3,596 2,047 1,297 9,663 2,651 2,952 13,259 4,698 Nonperforming Assets 19,230 $ 18,905 $ 114,568 $ 33,500 $ 40,225 $ 36,498 $ 52,730 $ 59,130 $ 151,066 $ NPAs/Assets 0.48% 0.45% 2.34% 2.31% 2.78% 2.43% 0.95% 1.04% 2.34% NPAs/(Loans + OREO) 0.66% 0.64% 3.38% 3.92% 4.60% 3.90% 1.40% 1.54% 3.50% LLR/Loans 0.96% 1.01% 0.94% 1.64% 1.89% 1.86% 1.11% 1.21% 1.13% Net Charge-Offs/Loans 0.15% 0.08% 1.13% 0.58% 1.22% 6.16% 0.24% 0.33% 2.26% Past Dues: 30-89 Days Past Due 7,278 $ 6,195 $ 34,476 $ 14,232 $ 5,209 $ 7,457 $ 21,510 $ 11,404 $ 41,933 $ 90+ days Past Due 1,655 3,596 2,047 1,297 9,663 2,651 2,952 13,259 4,698 Nonaccual Loans 15,883 14,110 100,649 17,867 14,409 22,655 33,750 28,519 123,304 Total 30+ Past Dues 24,816 $ 23,902 $ 137,172 $ 33,396 $ 29,280 $ 32,763 $ 58,212 $ 53,182 $ 169,934 $ % Loans 0.85% 0.80% 4.07% 3.97% 3.41% 3.54% 1.55% 1.38% 3.95% Loan Mix: Commercial 59.0% 60.5% 62.7% 61.2% 62.2% 64.9% 59.5% 60.9% 63.1% Consumer 14.0% 14.0% 13.1% 23.2% 22.6% 20.9% 16.1% 15.9% 14.8% Mortgage 15.0% 13.8% 14.0% 8.6% 8.0% 7.3% 13.6% 12.5% 12.6% Business Banking 2.9% 2.6% 2.3% 2.5% 2.5% 2.3% 2.8% 2.6% 2.3% Indirect 9.1% 9.1% 7.9% 0.0% 0.0% 0.0% 7.0% 7.1% 6.2% Credit Cards 0.0% 0.0% 0.0% 4.5% 4.7% 4.6% 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 |
 23 Asset Quality Asset Quality Loans Past Due + Non-Accruals Loans Past Due + Non-Accruals By Entity: 6/30/08 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 IBERIABANK 30+ days past due 0.32% 0.28% 0.69% 0.31% 0.33% 0.32% Non-accrual 0.23% 0.21% 0.22% 0.54% 0.47% 0.45% Total Past Due 0.55% 0.49% 0.92% 0.85% 0.80% 0.77% IBERIABANK fsb 30+ days past due 1.06% 1.29% 1.57% 1.85% 1.73% 1.09% Non-accrual 2.82% 2.42% 2.53% 2.12% 1.68% 2.45% Total Past Due 3.88% 3.71% 4.10% 3.97% 3.41% 3.54% Consolidated (Ex-CapitalSouth) 30+ days past due 0.51% 0.52% 0.89% 0.65% 0.64% 0.50% Non-accrual 0.87% 0.72% 0.74% 0.90% 0.74% 0.92% Total Past Due 1.38% 1.24% 1.63% 1.55% 1.38% 1.42% CapitalSouth Only 30+ days past due 7.62% Non-accrual 24.64% Total Past Due 32.26% Consolidated With CapitalSouth 30+ days past due 1.08% Non-accrual 2.87% Total Past Due 3.95% |
 24 Asset Quality Asset Quality Trends – Trends – Entity NPAs Entity NPAs & Past Dues & Past Dues (Dollars in $000s) 3Q08 Q408 1Q09 2Q09 3Q09 $Chg 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 Last Qtr. Nonaccrual IBERIABANK 5,784 $ 6,487 $ 15,883 $ 14,110 $ 100,649 $ 86,539 $ IBERIABANK fsb 20,297 21,337 17,867 14,409 22,655 8,247 Consolidated 26,081 $ 27,825 $ 33,750 $ 28,519 $ 123,304 $ 94,785 $ OREO & Foreclosed Assets IBERIABANK 959 $ 2,167 $ 1,692 $ 1,199 $ 11,872 $ 10,674 $ IBERIABANK fsb 11,485 14,146 14,336 16,153 11,192 (4,961) Consolidated 12,444 $ 16,312 $ 16,028 $ 17,352 $ 23,065 $ 5,712 $ Accruing 90+ Days Past Due IBERIABANK 1,567 $ 1,309 $ 1,655 $ 3,596 $ 2,047 $ (1,550) $ IBERIABANK fsb 3,329 1,172 1,297 9,663 2,651 (7,012) Consolidated 4,895 $ 2,481 $ 2,952 $ 13,259 $ 4,698 $ (8,562) $ Total NPAs IBERIABANK 8,309 $ 9,963 $ 19,229 $ 18,905 $ 114,568 $ 95,663 $ IBERIABANK fsb 35,111 36,655 33,500 40,225 36,498 (3,727) Consolidated 43,420 $ 46,618 $ 52,730 $ 59,130 $ 151,066 $ 91,936 $ NPAs / Total Assets IBERIABANK - ex CapSouth 0.22% 0.26% 0.48% 0.45% 0.42% IBERIABANK fsb 2.23% 2.42% 2.31% 2.78% 2.43% CapitalSouth - - - - 20.60% Consolidated 0.81% 0.83% 0.95% 1.04% 2.34% 30-89 Days Past Due IBERIABANK - ex CapSouth 6,329 $ 18,810 $ 7,278 $ 6,195 $ 9,645 $ 3,450 $ IBERIABANK fsb 7,525 12,050 14,232 5,209 10,108 4,899 CapitalSouth - 26,877 26,877 Consolidated 13,854 $ 30,860 $ 21,510 $ 11,404 $ 46,630 $ 35,226 $ 30-89 Days PDs / Loans IBERIABANK - ex CapSouth 0.23% 0.65% 0.25% 0.21% 0.29% IBERIABANK fsb 0.90% 1.43% 1.69% 0.61% 1.09% CapitalSouth - - - - 7.61% Consolidated 0.38% 0.82% 0.57% 0.30% 1.08% - - - |
     25 Asset Quality Asset Quality Trends – Trends – Entity LLR & Net COs Entity LLR & Net COs (Dollars in $000s) 3Q08 Q408 1Q09 2Q09 3Q09 $Chg 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 Last Qtr. Loan Loss Reserve* IBERIABANK 25,528 $ 26,671 $ 27,866 $ 30,098 $ 31,629 $ 1,532 $ IBERIABANK fsb 14,022 14,201 13,796 16,231 17,158 926 Consolidated 39,551 $ 40,872 $ 41,662 $ 46,329 $ 48,787 $ 2,458 $ LLR / Total Loans IBERIABANK 0.91% 0.92% 0.96% 1.01% 0.94% IBERIABANK fsb 1.67% 1.68% 1.64% 1.89% 1.86% Consolidated 1.09% 1.09% 1.11% 1.21% 1.13% Net Charge-Offs IBERIABANK 183 $ 801 $ 1,052 $ 553 $ 8,943 $ 8,389 $ IBERIABANK fsb 2,150 4,084 1,190 2,562 14,041 11,478 Consolidated 2,333 $ 4,885 $ 2,242 $ 3,116 $ 22,984 $ 19,868 $ Net COs/Avg Loans IBERIABANK 0.03% 0.11% 0.15% 0.08% 1.13% IBERIABANK fsb 1.02% 1.93% 0.58% 1.22% 6.16% Consolidated 0.26% 0.53% 0.24% 0.33% 2.26% LLR Coverage Of NPAs IBERIABANK 307% 268% 147% 159% 28% IBERIABANK fsb 40% 39% 34% 40% 47% Consolidated 91% 88% 70% 78% 32% * Does not include loan discounts associated with acquisitions. |
 26 Asset Quality Asset Quality Loan Mix And 30 Days+ Past Due Loan Mix And 30 Days+ Past Due (Dollars in $000s) 3Q08 4Q08 1Q09 2Q09 3Q09 IBKC 3Q09 9/30/08 12/31/08 3/31/09 6/30/09 CapitalSouth 9/30/09 % of Outstandings Commercial 57.0% 58.3% 59.5% 60.9% 73.2% 63.1% Mortgage 14.8% 14.3% 13.6% 12.5% 20.5% 12.6% Consumer 16.7% 16.2% 16.1% 15.9% 6.3% 14.8% Indirect 7.2% 7.1% 7.0% 7.1% 0.0% 6.2% Business Banking 3.3% 3.1% 2.8% 2.6% 0.0% 2.3% Credit Cards 1.0% 1.0% 1.0% 1.0% 0.0% 1.0% Total Loans 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Past Due 30+ Days* Commercial 1.31% 1.91% 1.82% 1.45% 36.87% 4.82% Mortgage 1.00% 0.97% 0.85% 1.25% 21.97% 4.25% Consumer 1.43% 1.55% 1.53% 1.20% 12.21% 1.82% Indirect 0.89% 1.08% 0.97% 1.06% 0.00% 1.05% Business Banking 0.77% 1.10% 0.83% 1.29% 0.00% 1.33% Credit Cards 1.15% 1.55% 1.63% 1.32% 0.00% 1.20% Total Loans 1.24% 1.63% 1.55% 1.38% 32.26% 3.95% IBERIABANK 0.49% 0.91% 0.85% 0.80% 4.06% IBERIABANK fsb 3.71% 4.10% 3.97% 3.41% 3.54% Consolidated 1.24% 1.63% 1.55% 1.38% 32.26% 3.95% * Includes nonaccruing loans |
 27 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 Excludes Excludes CapitalSouth CapitalSouth Classified Assets - IBERIABANK & IBERIABANK fsb |
 28 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 • • $10.3 Million Loan Loss Provision In 3Q09 (2Q09 = $2.8 Million) $10.3 Million Loan Loss Provision In 3Q09 (2Q09 = $2.8 Million) IBERIABAN 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 • • $15.0 Million Loan Loss Provision in 3Q09 (2Q09 = $5.0 Million) $15.0 Million Loan Loss Provision in 3Q09 (2Q09 = $5.0 Million) $23.0 Million In $23.0 Million In Net Charge-Offs Net Charge-Offs In 3Q09 (2.26% Of In 3Q09 (2.26% Of Average Loans) Average Loans) 4Q08 1Q09 2Q09 3Q09 Net Charge-Offs 4,885 $ 2,242 $ 3,116 $ 22,984 $ Loan Growth 1,256 150 864 5,321 Change In Asset Quality 65 640 3,803 (3,010) Loan Loss Provision 6,206 $ 3,032 $ 7,783 $ 25,295 $ Net Charge-Offs/Avg. Loans 0.53% 0.24% 0.33% 2.26% Loan Loss Reserve/Loans 1.09% 1.11% 1.21% 1.13% |
 29 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 |
 30 Asset Quality Asset Quality Commercial Real Estate Portfolio Commercial Real Estate Portfolio Non-Builder Portfolio CRE CRE Loans Outstanding At September 30, 2009 |
 31 Asset Quality Asset Quality Commercial Real Estate Portfolio Commercial Real Estate Portfolio Note: Includes commercial construction and land development loans 137% 161% 194% 116% 135% IBERIABANK fsb IBERIABANK excl. CapitalSouth IBERIABANK incl. CapitalSouth TOTAL excl. CapitalSouth TOTAL incl. CapitalSouth Non-Owner Occupied Current 191.6 $ 658.0 $ 738.7 $ 849.6 $ 930.3 $ Past Due 5.1 0.1 7.4 5.1 12.5 Nonaccrual 16.6 1.5 50.7 18.1 67.3 Total 213.3 $ 659.6 $ 796.8 $ 872.9 $ 1,010.1 $ % Nonaccrual 7.78% 0.23% 6.36% 2.07% 6.66% Owner Occupied Current 145.5 $ 427.7 $ 521.4 $ 573.2 $ 666.9 $ Past Due 0.4 1.6 9.2 2.0 9.5 Nonaccrual 2.8 3.0 21.1 5.7 23.9 Total 148.6 $ 432.3 $ 551.7 $ 580.9 $ 700.3 $ % Nonaccrual 1.87% 0.68% 3.83% 0.99% 3.41% Total CRE 361.9 $ 1,091.9 $ 1,348.5 $ 1,453.8 $ 1,710.4 $ % Nonaccrual 5.35% 0.41% 5.32% 1.64% 5.33% Last Qtr (6/30/09) 3.14% 0.25% 0.25% 0.95% 0.95% Non-Owner Occup/Tier 1 Cap. |
 32 Asset Quality Asset Quality Commercial Portfolio Composition Commercial Portfolio Composition Note: At September 30, 2009; Includes commercial construction and land development loans – excludes CapitalSouth 0% 5% 10% 15% 20% Communications Storage Religious Education Transport Households Wholesalers Manufacturing Agriculture Retail Real Estate-Other Hospitality Construction Energy Heavy/Civil Construction RE-Non-Owner Occupied Governmental Other Financial/Insurance Medical RE-Owner Occupied 0% 1% 1% 2% 2% 2% 3% 3% 3% 4% 4% 4% 4% 5% 5% 6% 6% 7% 8% 11% 19% % Of Commercial Loan Portfolio At 09/30/09 |
 33 Consumer Loan Portfolio |
  34 Consumer Portfolio Consumer Portfolio By Product – By Product – Score Distribution Score Distribution Note: Excludes Credit Cards Note: Excludes Credit Cards Score Intervals HELOC Home Equity Loans Unsecured Lines Unsecured Other Secured Indirect Auto 800 + 10% 11% 6% 6% 12% 13% 750 - 799 35% 35% 22% 23% 27% 30% 700 - 749 28% 25% 29% 26% 20% 22% 650 - 699 14% 14% 17% 21% 16% 17% 600 - 649 5% 6% 9% 10% 10% 8% 550 - 599 3% 4% 6% 6% 6% 4% 500 - 549 2% 3% 7% 6% 6% 3% 450 - 499 1% 1% 1% 2% 1% 1% 400 - 449 0% 0% 0% 0% 0% 0% Other 1% 1% 3% 2% 3% 1% Total 100% 100% 100% 100% 100% 100% Avg. Score 737 724 730 692 697 717 Consumer Portfolio - Score Distribution By Product Volume Score Volume Score Volume Score HELOC 134 $ 738 29 $ 735 163 $ 737 Home Equity Loans 208 723 138 725 346 724 Unsecured Lines 14 730 2 723 16 730 Unsecured 18 691 8 692 27 692 Other Secured 43 699 12 690 55 697 Indirect Auto 257 717 - - 257 717 Total 676 $ 717 190 $ 714 864 $ 717 Consumer Portfolio - Product Type And Average Score IBERIABANK IBERIABANK fsb IBERIABANK Corp |
 35 Consumer Consumer Portfolio Portfolio Past Dues Past Dues By Product By Product Generally Generally Good And Good And Stable Asset Stable Asset Quality Quality 6/30/08 9/30/08 12/31/08 3/31/09 6/30/09 9/30/09 Home Equity Lines of Credit 30 to 59 Days Past Due 0.34% 0.31% 0.24% 0.68% 0.19% 0.42% 60 to 89 Days Past Due 0.02% 0.15% 0.13% 0.07% 0.14% 0.09% Over 90 Days Past Due 0.06% 0.09% 0.11% 0.11% 0.19% 0.11% Total 30+ Days Past Due 0.43% 0.55% 0.48% 0.86% 0.52% 0.62% Net Charge-Offs 0.02% 0.01% 0.15% 0.23% 0.07% 1.13% Home Equity Term Loans 30 to 59 Days Past Due 0.35% 0.25% 0.80% 0.56% 0.46% 0.70% 60 to 89 Days Past Due 0.30% 0.18% 0.09% 0.17% 0.17% 0.20% Over 90 Days Past Due 0.11% 0.30% 0.05% 0.06% 0.28% 0.20% Total 30+ Days Past Due 0.77% 0.73% 0.93% 0.79% 0.91% 1.11% Net Charge-Offs 0.01% 0.04% 0.21% 0.13% 0.18% 0.80% Indirect Loans 30 to 59 Days Past Due 0.34% 0.45% 0.59% 0.54% 0.49% 0.51% 60 to 89 Days Past Due 0.04% 0.12% 0.18% 0.12% 0.19% 0.16% Over 90 Days Past Due 0.07% 0.07% 0.05% 0.05% 0.07% 0.06% Non Accrual 0.33% 0.28% 0.30% 0.30% 0.32% 0.36% Total 30+ Days PD + NA's 0.78% 0.92% 1.12% 1.01% 1.08% 1.08% Net Charge-Offs 0.14% 0.20% 0.44% 0.43% 0.42% 0.54% Credit Card Loans 30 to 59 Days Past Due 0.35% 0.49% 0.49% 0.27% 0.42% 0.32% 60 to 89 Days Past Due 0.30% 0.21% 0.45% 0.38% 0.18% 0.24% Over 90 Days Past Due 0.37% 0.45% 0.61% 0.99% 0.72% 0.64% Total 30+ Days Past Due 1.02% 1.15% 1.55% 1.63% 1.32% 1.20% Net Charge-Offs 1.57% 1.05% 1.34% 2.83% 4.31% 2.49% Other Consumer Loans 30 to 59 Days Past Due 1.19% 0.76% 1.20% 1.07% 0.70% 0.46% 60 to 89 Days Past Due 0.89% 0.46% 0.35% 0.15% 0.13% 0.63% Over 90 Days Past Due 0.10% 0.53% 0.82% 0.12% 0.23% 0.34% Total 30+ Days Past Due 2.18% 1.74% 2.37% 1.34% 1.07% 1.44% Net Charge-Offs 1.35% 1.55% 1.88% 2.03% 1.40% 3.20% Consumer Portfolio - Quarterly Credit Statistics Loans Past Due As a % Of Product Loans Includes CapitalSouth |
 36 Consumer Portfolio Consumer Portfolio By Product – By Product – Origination Mix Origination Mix |
 37 Consumer Portfolio Consumer Portfolio By Product – By Product – Loan-To-Values Loan-To-Values Loan-to-Values At Time Of Origination |
 38 Consumer Portfolio Consumer Portfolio Indirect – Indirect – 30+ Days Past Dues 30+ Days Past Dues Note: Note: Excludes Excludes Nonaccruing Nonaccruing Loans Loans Indirect Auto Portfolio Loans Past Due 30 Days Or More |
 39 Consumer Portfolio Consumer Portfolio Indirect – Indirect – Net Charge-Offs Net Charge-Offs Indirect Auto Portfolio Annualized Net Charge-Offs As % Of Loans |
 40 Markets |
 41 Markets Markets Birmingham, AL Opportunity Birmingham, AL Opportunity $23.2 Billion Deposit Birmingham Market $23.2 Billion Deposit Birmingham Market Source: FDIC For Birmingham MSA At June 30, 2008 Source: FDIC For Birmingham MSA At June 30, 2008 Regions 29.% Wells Fargo 16.3% BBVA 14.8% Synovus 7.8% BB&T 4.5% RBC 3.6% |
 42 Markets Markets Montgomery, AL Opportunity Montgomery, AL Opportunity $6.8 Billion Deposit Montgomery Market $6.8 Billion Deposit Montgomery Market Source: FDIC For Montgomery MSA At June 30, 2008 Source: FDIC For Montgomery MSA At June 30, 2008 BB&T 29.0% Regions 24.8% BBVA 8.2% Wells Fargo 7.5% Synovus 5.8% Alliant 4.8% BancTrust 3.6% |
 43 Markets Markets Huntsville, AL Opportunity Huntsville, AL Opportunity $6.0 Billion Deposit Huntsville Market $6.0 Billion Deposit Huntsville Market Source: FDIC For Huntsville MSA At June 30, 2008 Source: FDIC For Huntsville MSA At June 30, 2008 Regions 26.0% BBVA 14.5% Wells Fargo 11.6% BB&T 10.0% RBC 9.8% Synovus 8.3% |
 44 Markets Markets Jacksonville, FL Opportunity Jacksonville, FL Opportunity $34.7 Billion Deposit Jacksonville Market $34.7 Billion Deposit Jacksonville Market Source: FDIC For Jacksonville MSA At June 30, 2008 Source: FDIC For Jacksonville MSA At June 30, 2008 B of A 42.9% Wells Fargo 19.1% Everbank 11.8% SunTrust 4.7% BBVA 3.7% |
 45 Markets - Markets - Branches Branches Branch Expansion Initiative Branch Expansion Initiative Period-End Loan And Deposit Volumes 13 Offices 13 Offices 3Q09 Loans 3Q09 Loans Of $168 mm Of $168 mm (+26% Over (+26% Over 1-Year) 1-Year) 3Q09 3Q09 Deposits Of Deposits Of $260 mm $260 mm (+34% Over (+34% Over 1-Year) 1-Year) Closed One Closed One Office Office (Prairieville) (Prairieville) |
 46 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 20 New Markets Entered 20 New Markets Acquired 104 Offices (All) Acquired 104 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 11 Mortgage Opened 11 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 |
 47 Markets – Markets – Local Economies Local Economies Oil & Gas Impact Oil & Gas Impact Source: Bloomberg Source: Bloomberg |
 48 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 |
 49 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 |
 50 Markets – Markets – Local Economies Local Economies Freddie Mac – Freddie Mac – Regional Prices Regional Prices FHLMC, “Home Prices Rose 1.7% in Second FHLMC, “Home Prices Rose 1.7% in Second Quarter”, September 1, 2009 Quarter”, September 1, 2009 Source: Freddie Mac Source: Freddie Mac Last 5-Year Housing Price Last 12 2Q09 vs. Region States Included Change Months 1Q09 West North Central IA, KS, MN, MO, ND, NE, SD 6.1% -2.4% 2.3% East South Central TN, AL, MS, KY 17.0% -2.9% 1.6% West South Central LA, AR, TX, OK 21.2% -3.0% 1.6% New England CT, MA, ME, NH, RI, VT 2.2% -3.2% 5.0% Middle Atlantic NY, NJ, PA 18.0% -3.7% 0.6% East North Central IL, IN, MI, OH, WI -1.3% -3.9% 2.0% South Atlantic NC, SC, FL, GA, VA, MD, WV, DC, DE 10.6% -7.9% 1.4% Mountain AZ, CO, ID, MT, NM, NV, UT, WY 12.0% -11.0% 0.7% Pacific CA, OR, WA, HI, AK -5.1% -15.7% 3.2% United States 7.0% -6.7% 1.7% |
 51 Markets – Markets – Local Economies Local Economies Housing Price Change Vs. U.S. MSAs Housing Price Change Vs. U.S. MSAs Source: Freddie Mac, 2Q09 Data Source: Freddie Mac, 2Q09 Data |
 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 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1Q09 4Q08 3Q08 Lowest Ratings (<1.0%): Houma, LA, Little Rock, AR, Tulsa, OK Lake Charles, LA 1.2% Lafayette, LA 1.4% Memphis, TN 2.9% Shreveport, LA 3.0% Monroe, LA 3.5% Houston, TX 3.7% Mobile, AL 61.1% NW Arkansas 28.8% New Orleans, LA 11.9% Baton Rouge, LA 12.3% Montgomery, AL 8.8% Jacksonville, FL 99.9% |
 53 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 |