Iberiabank (IBKC) 8-K IBERIABANK Corporation Reports Results For First Quarter

1Q10 Earnings Conference Call

Supplemental Materials

April 20, 2010  

Exhibit 99.2

2

Forward Looking Statements

Safe Harbor

Statements contained in this presentation which are

not historical facts and which pertain to future

operating results of IBERIABANK Corporation and its

subsidiaries constitute “forward-looking statements”

within the meaning of the Private Securities Litigation

Reform Act of 1995. These forward-looking

statements involve significant risks and uncertainties. 

Actual results may differ materially from the results

discussed in these forward-looking statements. 

Factors that might cause such a difference include,

but are not limited to, those discussed in the

Company’s periodic and other filings with the SEC.

3

Introductory

Comments

4

Introductory Comments

Summary -

Position

Favorable Balance Sheet Composition

Very Balanced; Core Funded; Low C&D Exposure

Continued Good Asset Quality; Extraordinary Capital

Favorable Interest Rate And Credit Risk Positioning

Some of the Highest Capital Ratios of Bank Holding

Companies with More Than $5 Billion in Assets

Approximately $1.1 Billion in Excess Cash

Future Growth Engines in Multiple Markets

Strategic

Recruiting

Continued

During

The

1

st

Quarter

Fortunately, We Avoided What Ails The Banking Industry

Remain Well Positioned For Future Opportunities

6

Introductory Comments

Strategic Goals & Priorities

•

Double-Digit Annual EPS Growth

•

ROTE Of 23% -

25%

•

Bank Tangible Efficiency < 50%

•

Top Quartile Asset Quality

•

Develop Memphis, Mobile & Houston

•

Deepen Share In Little Rock, Baton Rouge,

New Orleans, And Shreveport

•

Expand Wealth Management/Financial

Advisory Business

•

Provide Depth For Unusual Opportunities

•

Grind Our Way Through The Credit Cycle

Strategic

Strategic

Goals

Goals

18-Month

18-Month

Priorities

Priorities

7

Financial Overview

8

Introductory Comments

Summary –

1Q10 and 3/31/10

T/E Net Interest Income Up $11.6mm (+19%)

Credit Quality Statistics Excluding FDIC Covered Assets:

•

NPA/Assets = 1.01% (0.91% in 4Q09)

•

30+ Days Past Due = 2.04 % (1.69% in 4Q09)

•

Loan Loss Reserve/Loans = 1.53% (1.36% in 4Q09)

•

Net COs/Avg Loans = 0.41% (0.22% in 4Q09)

•

Provision = $13mm ($9mm in 4Q09)

$ 0.9mm Investment Sale Gains in 1Q10 ($0.8mm Gain in 4Q09)

One-Time Acquisition Related Costs = $2.3 mm ($7.9mm in

4Q09)

EPS = $0.59, Up 64% from 1Q09

9

Financial Overview

Favorable Balance Sheet Growth

1Q10 Results

1Q10 Results

•

Loans -$45mm, -1%

•

Deposits +$399mm +5%

•

Loan/Deposits = 74%

•

Equity = +$338mm, +35%

•

Equity/Assets = 10.72%

•

Tier 1 Leverage = 11.64%

•

Div Payout = 70.0%

•

ROA = 0.53%

•

ROE = 4.98%

•

ROTE = 6.94%

•

Efficiency Ratio = 69%

•

Tang Eff. Ratio = 66%

•

BV/Share = $48.29

•

Tang BV/Share = $38.60

New Markets

Loans

10

data through April 19, 2010

New Markets

Non-Core Deposits

11

data through April 19, 2010

Non-Core

Deposits

Include

Qwik

Rate

and

Brokered

Deposits

Loans are Gross of Discounts and MVAs

New Markets

Core Deposits

12

Deposit data through April 19, 2010

13

Financial Overview

Trends -

Mortgage Interest Rates

Source: Bloomberg

Conforming

Rates

Remain Low

Refi

Activity

Beginning To

Moderate

Sales

Spreads

Remain

Favorable

Improved

Competitive

Dynamics In

Mortgage

Business

14

Financial Overview

Trends –

Jumbo Mortgage Rates

Source: Bloomberg

Subprime Mtg.

Market Gone &

Alt-A Market Is

Stalled

Jumbo Spread

Has Narrowed

Considerably

Mix Of FHA/VA

& Conforming

Product

In  March,  

43% Of Our

Production

Was FHA/VA

And 43% Was

Conventional

15

Financial Overview

Mortgage Quarterly Revenues

In 1Q10 Closed

$295mm (-16%

Vs. 4Q09)

In 1Q10 Sold

$287mm (-14%

Vs. 4Q09)

5   Highest

Revenue Quarter

in Company

History

1Q10 Vs. 4Q09:

13% Decrease In

Mtg. Revenues

$169mm Locked

Pipeline 4/16/10

th

16

Financial Overview

Title Insurance Qtrly

Revenues

Title & Mortgage

Footprints Don’t

Necessarily

Overlap

1Q10: $3.7mm

In Revenues    

(-10% Vs. 4Q09)

Impairment

Recorded in

4Q09 Totaling

$9.7 mm

17

Financial Overview

Quarterly Repricing Schedule

Excess Cash Methodically Being Deployed

Favorable Repricing Opportunities

Includes Orion Bank and Century Bank Acquisitions

1Q10

2Q10

3Q10

4Q10

1Q11

Cash Equivalents

951.3

$             

-

$      

-

$      

-

$      

-

$      

1.09%

0.00%

0.00%

0.00%

0.00%

Investments

367.8

$             

159.6

$   

126.4

$   

94.0

$    

74.1

$    

2.02%

4.09%

3.99%

4.21%

4.41%

Loans

3,953.8

$          

378.2

$   

269.9

$   

291.1

$   

193.6

$   

3.65%

6.22%

6.24%

6.02%

6.47%

Time Deposits

632.5

$             

624.1

$   

511.5

$   

398.6

$   

304.9

$   

1.96%

2.20%

1.99%

1.89%

2.06%

Borrowed Funds

491.2

$             

52.8

$    

14.7

$    

39.7

$    

7.2

$      

1.40%

3.56%

4.36%

3.82%

3.63%

18

Financial Overview

Interest Rate Simulations

Source: Bancware model, as of March 31, 2010

Source: Bancware model, as of March 31, 2010

12/31/2009

Excluding

Orion and

Century

12/31/2009

Consolidated

3/31/2010

Excluding

Orion and

Century

3/31/2010

Consolidated

12/31/2009

Excluding

Orion and

Century

3/31/2010

Excluding

Orion and

Century

+200 bps

4.0%

10.5%

9.2%

16.6%

-3.8%

-3.3%

+100 bps

1.3%

4.9%

4.1%

7.7%

-1.4%

-1.2%

Base Case

0.0%

0.0%

0.0%

0.0%

0.0%

0.0%

-100 bps

-3.7%

-3.9%

-1.9%

-1.3%

-0.8%

-1.0%

-200 bps

-8.4%

-7.3%

-4.4%

-2.6%

-5.1%

-4.3%

Blue Chip

-0.6%

-0.6%

0.0%

0.8%

-1.6%

-1.3%

Forward Curve

1.2%

2.2%

-0.1%

0.3%

-3.4%

-2.3%

Change in Net Interest Income

Change in Economic

Value of Equity

19

Capital

Capital

Summary –

Equity Capital Raise 1Q10

20

Underwritten Public Offering of 5,973,207 Shares of

Common Stock -

Closed on March 8, 2010.

Closing Price = $57.75 Per Share

Gross

Proceeds

=

$345

Million

–

Including

Exercise

of

Underwriters’

Over-Allotment Option

Net

Proceeds

After

Expenses

-

Approximately

$329

Million

File/Offer = -0.3%, Price/52-Week High = -1.7%

Third

Common

Stock

Offering

Since

December

2008

–

Total

Net Proceeds Raised Was Approximately $603 Million.

Post Capital Raise –

IBKC Held the Highest Tangible

Common Equity Ratio and Highest Tier 1 Leverage Ratio of

Publicly Traded Bank Holding Companies with Assets in

Excess of $5 Billion (Pro Forma as of December 31, 2009).

Capital

Last Trade/Offer –

Peer Equity Offerings

21

Many Recent

Common Stock

Offerings Were

Issued At large

Discounts to

Pre-Offer

Trading Levels

Range of 0% to

-18% with a

Median

Discount of      

-6%

Our Offering

Was Completed

Close to No

Discount

Capital

52 Week High/Offer –

Peer Equity Offerings

22

Many Other

Offerings Were

Completed at

Low Trading

Prices As

Indicated By

Discount From

52-Week High

Our Offering

Was At A

Level Of 2%

Below Our 52-

Week High

Median For

The Group

Was 60%

Below The 52-

Week High

Capital

Annual Change In Stock Price

23

24

Capital

Last 12 Months Price Change By Index

Source: SNL Through April 19, 2010

25

Capital

3 Years Price Change By Index

Source: SNL Through April 19, 2010

26

Asset Quality

27

Asset Quality

Loan Portfolio Mix

% based on gross portfolio –

excluding discounts on

loans acquired in FDIC-assisted transactions

$000s

% of CRE

%

Loans

C&D-IBERIABANK fsb

63,911

$        

4%

1%

C&D-IBERIABANK

258,830

17%

4%

CRE-Owner Occupied

569,558

37%

8%

CRE-Non-Owner Occupied

656,899

42%

10%

Total Commercial RE

1,549,199

$   

100%

23%

Residential

6%

Home Equity

7%

Credit Card

1%

Automobile

0%

Indirect

Automobile

4%

Other Consumer

1%

Business

16%

Commercial RE

23%

All Other Loans

3%

CapitalSouth

Gross

Loans

= 4%,

Discount = 2%

Orion

Gross

Loans

= 13%,

Discount = 11%

Century

Gross

Loans

= 6%,

Discount = 4%

indicates

loan discount

28

Asset Quality

IBERIABANK fsb

Builder Loan

Exposure

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Builder Loans

Memphis Area

2,952

$       

2,952

$      

14

39.9%

100%

210,840

$     

North Mississippi

-

-

-

0.0%

--

--

Little Rock

1,433

1,442

9

19.4%

99%

159,219

$     

Northeast Ark.

515

571

6

7.0%

90%

85,845

$       

Northwest Ark.

2,505

2,692

23

33.8%

93%

108,910

$     

Total

7,405

$       

7,657

$      

52

100.0%

97%

142,399

$     

On 12/31/09

9,237

$      

9,510

$      

57

100.0%

97%

162,048

$     

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

979

$             

872

$         

-

$             

1,100

$        

1

58

0

8

North Mississippi

-

-

-

-

0

0

0

0

Little Rock

800

146

-

487

1

5

0

4

Northeast Ark.

-

84

208

223

0

3

2

1

Northwest Ark.

-

604

-

1,901

0

15

0

10

     Total

1,779

$          

1,706

$      

208

$            

3,711

$        

2

81

2

23

On 12/31/09

2,511

$         

2,467

$      

77

$             

4,182

$        

2

93

1

24

% Of Total - 3/10/10

24%

23%

3%

50%

2%

75%

2%

21%

% Of Total - 12/31/09

27%

27%

1%

45%

2%

78%

1%

20%

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

2,952

$        

-

$       

61

$        

-

$       

-

$       

2,891

$        

108

$          

97.9%

3.66%

North Mississippi

-

-

-

-

-

-

-

--

--

Little Rock

1,433

622

-

-

-

811

16

56.6%

1.14%

Northeast Ark.

515

480

-

-

-

35

14

6.8%

2.65%

Northwest Ark.

2,505

634

225

-

-

1,646

111

65.7%

4.41%

     Total

7,405

$        

1,736

$   

286

$       

-

$       

-

$       

5,384

$        

249

$          

72.7%

3.36%

On 12/31/09

9,237

$       

2,241

$   

-

$       

-

$       

-

$       

6,996

$        

1,482

$       

75.7%

16.05%

By Dollar Amount ($000)

# Of Days Past Due

29

Note: Excludes Covered Loans

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Holding Co & Admin

-

$          

-

$               

1

0.0%

--

-

$               

Lafayette

50,547

69,090

146

19.5%

73%

346,209

$        

Community Bank

3,678

3,833

126

1.4%

96%

29,188

$          

Baton Rouge

17,678

25,848

46

6.8%

68%

384,301

$        

New Orleans

92,444

106,082

72

35.7%

87%

1,283,943

$      

Northshore

16,441

17,449

21

6.4%

94%

782,892

$        

Regional Commercial South

18,662

20,329

7

7.2%

92%

2,666,011

$      

Shreveport

12,988

16,305

13

5.0%

80%

999,113

$        

NE Louisiana

1,945

3,953

46

0.8%

49%

42,279

$          

Regional Commercial North

32,623

42,131

10

12.6%

77%

3,262,280

$      

Mobile

4,098

4,098

3

Mortgage - RIC

7,727

11,259

45

3.0%

69%

171,709

$        

Total

258,830

$   

320,377

$        

536

100.0%

81%

482,892

$        

On 12/31/09

248,148

$   

313,240

$       

552

100.0%

79%

449,544

$        

By Dollar Amount ($000)

Construction & Development

Loans (1A)

Holding Co & Admin

Lafayette

Community Bank

Baton Rouge

New Orleans

Northshore

Regional Commercial South

Shreveport

NE Louisiana

Regional Commercial North

Mobile

Mortgage -

RIC

Total

On 12/31/09

Construction & Development

Loans (1A)

<100%

100%

<100%

100%

Complete

Complete

Complete

Complete

-

$            

-

$               

0

1

5,283

45,264

18

128

405

3,273

1

125

4,575

13,103

12

34

21,971

70,473

11

61

6,915

9,526

3

18

350

18,312

5

2

3,630

9,359

4

9

467

1,478

5

41

8,884

23,739

4

6

-

4,098

0

3

2,460

5,267

20

25

54,940

$       

203,890

$       

83

453

59,943

$      

188,205

$      

93

459

By Dollar Amount ($000)

Number

Asset Quality

IBERIABANK

Builder & Non-Builder

C&D Loan Exposure

Holding Co & Admin

Lafayette

Community Bank

Baton Rouge

New Orleans

Northshore

Regional Commercial South

Shreveport

NE Louisiana

Regional Commercial North

Mobile

Mortgage -

RIC

Total

On 12/31/09

Construction & Development

Loans (1A)

% Balance

Funded

Loans

Discounts &

%

Discounts &

Balance

Current

30-59

60-89

> 90

Nonaccrual

Reserves

Nonaccrual

Reserves

-

$          

-

$       

-

$ 

-

$ 

-

$    

-

$         

-

$         

--

--

50,547

50,338

115

-

80

13

839

0.0%

1.66%

3,678

3,564

95

-

-

19

31

0.5%

0.83%

17,678

17,678

-

-

-

-

287

0.0%

1.62%

92,444

81,199

-

-

-

11,245

8,055

12.2%

8.71%

16,441

16,312

-

-

-

128

498

0.8%

3.03%

18,662

18,662

-

-

-

-

216

0.0%

1.16%

12,988

12,988

-

-

-

-

189

0.0%

1.46%

1,945

1,889

-

-

-

56

20

2.9%

1.01%

32,623

32,623

-

-

-

-

540

0.0%

1.66%

4,098

4,098

-

-

-

-

48

7,727

5,444

156

108

393

1,626

30

21.0%

0.38%

258,830

$   

244,796

$

366

$

108

$

473

$   

13,087

$    

10,752

$    

5.1%

4.15%

248,148

$  

244,695

$

309

$

632

$

1,255

$

1,257

$     

3,504

$     

0.5%

1.41%

By Dollar Amount ($000)

# Of Days Past Due

30

Asset Quality

1Q10 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

($thousands)

3Q09

4Q09

1Q10

3Q09

4Q09

1Q10

3Q09

4Q09

1Q10

Nonaccruals

100,649

$

865,494

$  

792,148

$  

22,655

$

27,947

$  

24,569

$  

123,304

$   

893,441

$   

816,717

$   

OREO & Foreclosed

11,872

62,811

38,706

11,192

11,281

11,436

23,065

74,092

50,142

90+ Days Past Due

2,047

42,184

58,259

2,651

1,767

1,316

4,698

43,952

59,575

Nonperforming Assets

114,568

$

970,489

$  

889,113

$  

36,498

$

40,996

$  

37,321

$  

151,066

$   

1,011,485

$

926,434

$   

NPAs/Assets

2.34%

12.05%

10.24%

2.43%

2.68%

2.27%

2.34%

10.43%

8.91%

NPAs/(Loans + OREO)

3.38%

20.05%

18.67%

3.90%

4.03%

3.64%

3.50%

17.27%

16.00%

LLR/Loans

0.94%

0.72%

0.93%

1.86%

2.12%

1.98%

1.13%

0.96%

1.11%

Net Charge-Offs/Loans

1.13%

0.04%

0.13%

6.16%

0.78%

1.41%

2.26%

0.18%

0.36%

Past Dues:

30-89 Days Past Due

34,476

$  

199,558

$  

110,121

$  

7,457

$ 

9,461

$    

7,647

$    

41,933

$     

209,019

$   

117,769

$   

90+ days Past Due

2,047

42,184

58,259

2,651

1,767

1,316

4,698

43,952

59,575

Nonaccual

Loans

100,649

865,494

792,148

22,655

27,947

24,569

123,304

893,441

816,717

Total 30+ Past Dues

137,172

$

1,107,236

$

960,528

$  

32,763

$

39,176

$  

33,533

$  

169,935

$   

1,146,412

$

994,061

$   

% Loans

4.07%

23.17%

20.33%

3.54%

3.90%

3.30%

3.95%

19.82%

17.32%

Loan Mix:

Commercial

62.7%

61.6%

61.9%

64.9%

67.8%

69.1%

63.1%

62.7%

63.0%

Consumer

13.1%

11.7%

11.8%

20.9%

19.0%

18.5%

14.8%

13.0%

13.0%

Mortgage

14.0%

19.6%

19.2%

7.3%

6.8%

6.4%

12.6%

17.3%

17.1%

Business Banking

2.3%

1.7%

1.6%

2.3%

2.1%

2.0%

2.3%

1.7%

1.7%

Indirect

7.9%

5.4%

5.5%

0.0%

0.0%

0.0%

6.2%

4.5%

4.5%

Credit Cards

0.0%

0.0%

0.0%

4.6%

4.3%

4.0%

1.0%

0.8%

0.7%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

IBERIABANK fsb

IBERIABANK Corporation

IBERIABANK

31

Asset Quality

Loans Past Due + Non-Accruals

By Entity:

12/31/08

3/31/09

6/30/09

9/30/09

12/31/09

3/31/10

IBERIABANK (Ex-FDIC Covered Assets)

     30+ days past due

0.69%

0.31%

0.33%

0.32%

0.58%

0.67%

     Non-accrual

0.22%

0.54%

0.47%

0.45%

0.38%

0.94%

     Total Past Due

0.92%

0.85%

0.80%

0.77%

0.96%

1.61%

IBERIABANK fsb

     30+ days past due

1.57%

1.85%

1.73%

1.09%

1.12%

0.88%

     Non-accrual

2.53%

2.12%

1.68%

2.45%

2.78%

2.42%

     Total Past Due

4.10%

3.97%

3.41%

3.54%

3.90%

3.30%

Consolidated (Ex-FDIC Covered Assets)

     30+ days past due

0.89%

0.65%

0.64%

0.50%

0.72%

0.73%

     Non-accrual

0.74%

0.90%

0.74%

0.92%

0.97%

1.31%

     Total Past Due

1.63%

1.55%

1.38%

1.42%

1.69%

2.04%

CapitalSouth Only

     30+ days past due

7.62%

7.59%

10.01%

     Non-accrual

24.64%

29.68%

23.97%

     Total Past Due

32.26%

37.27%

33.98%

Orion Only

     30+ days past due

16.54%

8.56%

     Non-accrual

57.58%

59.86%

     Total Past Due

74.12%

68.42%

Century Only

     30+ days past due

10.52%

10.81%

     Non-accrual

53.50%

43.73%

     Total Past Due

64.02%

54.54%

Consolidated With FDIC Covered Assets

     30+ days past due

1.08%

4.37%

3.09%

     Non-accrual

2.87%

15.45%

14.23%

     Total Past Due

3.95%

19.82%

17.32%

Loans Past Due

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

32

Asset Quality

Trends –

Entity NPAs

& Past Dues

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

1Q09

2Q09

3Q09

4Q09

1Q10

$Chg

3/31/09

6/30/09

9/30/09

12/31/09

3/31/10

Last Qtr.

Nonaccrual

IBERIABANK

15,883

$          

14,110

$          

100,649

$        

865,494

$        

792,148

$        

(73,346)

$             

IBERIABANK

fsb

17,867

14,409

22,655

27,947

24,569

(3,378)

Consolidated

33,750

$          

28,519

$          

123,304

$        

893,441

$        

816,718

$        

(76,724)

$             

OREO & Foreclosed Assets

IBERIABANK

1,692

$           

1,199

$           

11,872

$          

62,811

$          

38,706

$          

(24,105)

$             

IBERIABANK

fsb

14,336

16,153

11,192

11,281

11,436

155

Consolidated

16,028

$          

17,352

$          

23,065

$          

74,092

$          

50,142

$          

(23,950)

$             

Accruing 90+ Days Past Due

IBERIABANK

1,655

$           

3,596

$           

2,047

$           

42,184

$       ��  

58,259

$          

16,075

$               

IBERIABANK

fsb

1,297

9,663

2,651

1,767

1,316

(451)

Consolidated

2,952

$           

13,259

$          

4,698

$           

43,952

$          

59,575

$          

15,623

$               

Total NPAs

IBERIABANK

19,229

$          

18,905

$          

114,568

$        

970,489

$        

889,113

$        

(81,376)

$             

IBERIABANK

fsb

33,500

40,225

36,498

40,996

37,321

(3,674)

Consolidated

52,730

$          

59,130

$          

151,066

$        

1,011,485

$     

926,434

$        

(85,051)

$             

NPAs

/ Total Assets

IBERIABANK

0.48%

0.45%

2.34%

12.05%

10.24%

IBERIABANK

fsb

2.31%

2.78%

2.43%

2.68%

2.27%

Consolidated

0.95%

1.04%

2.34%

10.43%

8.91%

30-89 Days Past Due

IBERIABANK

7,278

$           

6,195

$           

34,476

$          

199,558

$        

110,121

$        

(89,436)

$            

IBERIABANK

fsb

14,232

5,209

7,457

9,461

7,647

(1,814)

Consolidated

21,510

$          

11,404

$          

46,630

$          

209,019

$        

117,769

$        

(91,250)

$            

30-89 Days PDs

/ Loans

IBERIABANK

0.25%

0.21%

1.02%

4.18%

2.33%

IBERIABANK

fsb

1.69%

0.61%

0.81%

0.94%

0.75%

Consolidated

0.57%

0.30%

1.08%

3.61%

2.05%

33

Asset Quality

Trends –

Entity LLR & Net COs

(Dollars in $000s)

1Q09

2Q09

3Q09

4Q09

1Q10

$Chg

3/31/09

6/30/09

9/30/09

12/31/09

3/31/10

Last Qtr.

Loan Loss Reserve*

IBERIABANK

27,866

$    

30,098

$        

31,629

$        

34,431

$        

43,763

$        

9,332

$          

IBERIABANK fsb

13,796

16,231

17,158

21,337

20,112

(1,225)

Consolidated

41,662

$    

46,329

$        

48,787

$        

55,768

$        

63,875

$        

8,107

$          

LLR / Total Loans

IBERIABANK

0.96%

1.01%

0.94%

0.72%

0.93%

IBERIABANK fsb

1.64%

1.89%

1.86%

2.12%

1.98%

Consolidated

1.11%

1.21%

1.13%

0.96%

1.11%

Net Charge-Offs

IBERIABANK

1,052

$      

553

$             

8,943

$          

419

$             

1,530

$          

1,111

$          

IBERIABANK fsb

1,190

2,562

14,041

1,865

3,564

1,699

Consolidated

2,242

$      

3,116

$          

22,984

$        

2,284

$          

5,094

$          

2,810

$          

Net COs/Avg Loans

IBERIABANK

0.15%

0.08%

1.13%

0.04%

0.13%

IBERIABANK fsb

0.58%

1.22%

6.16%

0.78%

1.41%

Consolidated

0.24%

0.33%

2.26%

0.18%

0.36%

LLR Coverage Of NPAs

IBERIABANK

145%

159%

28%

4%

5%

IBERIABANK fsb

41%

40%

47%

52%

54%

Consolidated

79%

78%

32%

6%

7%

*

Does not include loan discounts associated with acquisitions.

34

Asset Quality

Loan Mix And 30 Days+ Past Due

(Dollars in $000s)

1Q09

2Q09

3Q09

4Q09

1Q10**

1Q10

3/31/09

6/30/09

9/31/09

12/31/09

3/31/10

3/31/10

% of Outstandings

Commercial

59.5%

60.9%

63.1%

62.7%

65.3%

63.0%

Mortgage

13.6%

12.5%

12.6%

17.3%

10.6%

17.1%

Consumer

16.1%

15.9%

14.8%

13.0%

14.6%

13.0%

Indirect

7.0%

7.1%

6.2%

4.5%

6.2%

4.5%

Business Banking

2.8%

2.6%

2.3%

1.7%

2.3%

1.7%

Credit Cards

1.0%

1.0%

1.0%

0.8%

1.0%

0.7%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

1.82%

1.45%

4.82%

24.62%

2.15%

21.17%

Mortgage

0.85%

1.25%

4.25%

17.52%

1.78%

16.61%

Consumer

1.53%

1.20%

1.82%

9.74%

2.06%

8.06%

Indirect

0.97%

1.06%

1.05%

1.19%

1.01%

1.01%

Business Banking

0.83%

1.29%

1.33%

2.17%

2.73%

2.73%

Credit Cards

1.63%

1.32%

1.20%

1.52%

1.73%

2.12%

Total Loans

1.55%

1.38%

3.95%

19.82%

2.04%

17.32%

IBERIABANK

0.85%

0.80%

4.06%

23.04%

1.61%

20.21%

IBERIABANK fsb

3.97%

3.41%

3.54%

3.90%

3.30%

3.30%

Consolidated

1.55%

1.38%

3.95%

19.82%

2.04%

17.32%

*

Includes nonaccruing loans

**

Excludes FDIC assisted acquisitions

35

Asset Quality

Loan Loss Reserve

IBERIABANK Franchise

•

IBERIABANK Comprises 82% Of Consolidated Loan Portfolio

•

Legacy IBERIABANK Credits Performing Very Well

•

Classified Assets And NPAs Remain Favorable

•

$ 11 Million Loan Loss Provision In 1Q10 (4Q09 = $3 Million)

IBERIABANKfsb

Franchise

•

Construction Portfolio Continues To Compress

•

Continuing To Aggressively Address Potential Problems

•

$2 Million Loan Loss Provision in 1Q10 (4Q09 = $6 Million)

$5.1 Million In

Net Charge-Offs

In 1Q10 (0.36%

Of Average

Loans)

1Q09

2Q09

3Q09

4Q09

1Q10

Net Charge-Offs

2,242

$   

3,116

$   

22,980

$ 

2,283

$   

5,094

$   

Loan Growth

150

864

5,321

14,326

(501)

Change In Asset Quality

640

3,803

(3,006)

(7,349)

8,608

Loan Loss Provision

3,032

$   

7,783

$   

25,295

$ 

9,260

$   

13,201

$ 

Net Charge-Offs/Avg. Loans

0.24%

0.33%

2.26%

0.18%

0.36%

Loan Loss Reserve/Loans

1.11%

1.21%

1.13%

0.96%

1.11%

36

Asset Quality

C&D Loans And

NPAs

Compared To

Peers

Source: SNL, using most recent quarterly information

Source: SNL, using most recent quarterly information

The Lowest Level Of

C&D Loan Exposure

Compared To Peers

One Of The Lowest

Levels Of NPAs

Compared To Peers

37

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

38

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

IBERIABANK

IBERIABANK

fsb

TOTAL

Non-Owner

Occupied

Current

686.8

$       

189.6

$       

876.3

$      

Past Due

9.5

1.7

11.2

Nonaccrual

13.6

12.6

26.2

Total

709.9

$       

203.8

$       

913.7

$      

% Nonaccrual

1.92%

6.17%

2.87%

Owner

Occupied

Current

478.1

$       

146.0

$       

624.1

$      

Past Due

1.2

0.3

1.4

Nonaccrual

3.8

6.2

10.0

Total

483.1

$       

152.4

$       

635.5

$      

% Nonaccrual

0.79%

4.04%

1.57%

Total CRE

1,192.9

$    

356.2

$       

1,549.2

$   

% Nonaccrual

1.46%

5.26%

2.33%

Last Qtr (12/31/09)

0.30%

6.45%

1.78%

Non-Owner Occup/Tier 1 Cap.

112%

127%

76%

39

Asset Quality

Commercial Loan Composition

Note:

At

March

31,

2010;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

40

Consumer Loan

Portfolio

41

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

Volume

Score

Volume

Score

Volume

Score

HELOC

159

$         

738

31

$        

735

190

$      

738

Home Equity Loans

211

724

131

727

342

726

Unsecured Lines

16

731

2

727

18

731

Unsecured

18

696

9

696

27

696

Other Secured

44

700

12

696

56

699

Indirect Auto

251

718

-

-

251

715

Total

699

$         

717

184

$      

714

883

$      

719

Consumer Loan 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 +

10%

13%

12%

6%

14%

14%

750 - 799

36%

34%

20%

27%

25%

30%

700 - 749

25%

23%

30%

26%

20%

21%

650 - 699

15%

13%

16%

17%

16%

17%

600 - 649

4%

7%

9%

10%

9%

8%

550 - 599

4%

4%

5%

5%

6%

5%

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%

3%

2%

3%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

738

726

731

696

699

718

Consumer Loan Portfolio - Score Distribution By Product

42

Consumer

Loan

Portfolio

Past Dues

By Product

Generally Good

And Stable

Asset Quality

Across

Consumer

Products

Excludes Covered Loans from FDIC Acquisitions

12/31/08

3/31/09

6/30/09

9/30/09

12/31/09

3/31/10

Home Equity Lines of Credit

30 to 59 Days Past Due

0.24%

0.68%

0.19%

0.32%

0.57%

0.86%

60 to 89 Days Past Due

0.13%

0.07%

0.14%

0.07%

0.33%

0.14%

Over 90 Days Past Due

0.11%

0.11%

0.19%

0.13%

0.07%

0.14%

Total 30+ Days Past Due

0.48%

0.86%

0.52%

0.51%

0.98%

1.14%

Net Charge-Offs

0.15%

0.23%

0.07%

1.25%

0.35%

0.47%

Home Equity Term Loans

30 to 59 Days Past Due

0.80%

0.56%

0.46%

0.57%

0.85%

1.08%

60 to 89 Days Past Due

0.09%

0.17%

0.17%

0.20%

0.22%

0.18%

Over 90 Days Past Due

0.05%

0.06%

0.28%

0.21%

0.32%

0.19%

Total 30+ Days Past Due

0.93%

0.79%

0.91%

0.98%

1.38%

1.45%

Net Charge-Offs

0.21%

0.13%

0.18%

0.81%

0.08%

0.46%

Indirect Loans

30 to 59 Days Past Due

0.59%

0.54%

0.49%

0.51%

0.64%

0.49%

60 to 89 Days Past Due

0.18%

0.12%

0.19%

0.16%

0.10%

0.07%

Over 90 Days Past Due

0.05%

0.05%

0.07%

0.06%

0.09%

0.07%

Non Accrual

0.30%

0.30%

0.32%

0.36%

0.39%

0.40%

Total 30+ Days Past Due

1.12%

1.00%

1.08%

1.08%

1.23%

1.04%

Net Charge-Offs

0.44%

0.43%

0.42%

0.54%

0.43%

0.31%

Credit Card Loans

30 to 59 Days Past Due

0.49%

0.27%

0.42%

0.32%

0.40%

0.37%

60 to 89 Days Past Due

0.45%

0.38%

0.18%

0.24%

0.30%

0.48%

Over 90 Days Past Due

0.61%

0.99%

0.72%

0.64%

0.54%

0.00%

Total 30+ Days Past Due

1.55%

1.63%

1.32%

1.20%

1.24%

0.85%

Net Charge-Offs

1.34%

2.82%

4.31%

2.48%

2.63%

3.03%

Other Consumer Loans

30 to 59 Days Past Due

1.20%

1.07%

0.70%

0.47%

0.83%

0.58%

60 to 89 Days Past Due

0.35%

0.15%

0.13%

0.33%

0.75%

0.25%

Over 90 Days Past Due

0.82%

0.12%

0.23%

0.36%

0.35%

0.45%

Total 30+ Days Past Due

2.37%

1.34%

1.07%

1.15%

1.94%

1.28%

Net Charge-Offs

1.88%

2.03%

1.40%

3.35%

1.54%

2.57%

Consumer Loan Portfolio - Quarterly Credit Statistics

Loans Past Due As A % of Product Loans

43

Consumer Loan Portfolio

By Product –

Origination Mix

44

Consumer Loan Portfolio

By Product –

Loan-To-Values

Consumer Loan Portfolio

Indirect –

30+ Days Past Dues

45

46

Consumer Loan Portfolio

Indirect –

Net Charge-Offs

47

Markets

48

Markets –

Local Economies

Unemployment –

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

Continued

To Shift

Upward

Belly Of The

Curve Hit

Worst

Consistently

Low Rates Of

Unemploy-

ment

In Our

Legacy

MSAs

Many Of Our

Legacy

Markets Not

Dependent

On Housing

For Growth

49

Markets –

Local Economies

Freddie Mac –

Regional Prices

FHLMC, “Home Prices Fall 0.4% in 2009”,

March 2, 2010  

Source: Freddie Mac

Source: Freddie Mac

Last 5-Year

Housing

Price

Last 12

4Q09 vs.

Region

States Included

Change

Months

3Q09

Pacific

CA, OR, WA, HI, AK

-8.0%

1.6%

1.8%

West South Central

LA, AR, TX, OK

19.3%

1.5%

-1.0%

West North Central

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

3.8%

1.1%

-2.8%

East South Central

TN, AL, MS, KY

14.4%

0.8%

-0.4%

New England

CT, MA, ME, NH, RI, VT

-3.6%

-0.1%

-2.7%

Middle Atlantic

NY, NJ, PA

12.4%

-0.1%

-0.4%

East North Central

IL, IN, MI, OH, WI

-6.0%

-0.9%

-12.1%

South Atlantic

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

1.0%

-1.8%

-12.1%

Mountain

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

2.6%

-7.0%

-10.9%

United States

0.3%

-0.4%

-5.4%

50

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, 4Q09 Data

Source: Freddie Mac, 4Q09 Data

51

Markets –

Local Economies

House Price Decline Probability

Local Housing

Prices Did Not

Escalate

Rapidly, So

Little House

Price “Snap-

Back”

According To

PMI, Our

Legacy Markets

Have Some Of

The Lowest

Probabilities To

Exhibit Housing

Price Declines

Over Next 2

Years

Source: PMI Economic Real Estate Trends

Source: PMI Economic Real Estate Trends

52

IBERIABANK

Market Demographics

Source: SNL Financial

MSA

Market

IBKC Dep

Mkt. Share

(%)

Percent of

IBKC

Franchise

Market

Population

Population

Change

2000-09

(%)

Projected

Population

Change

2009-14

(%)

Median

HH

Income

2009

($)

HH

Income

Change

2000-09

(%)

Projected

HH Income

Change

2009-14

(%)

FLORIDA

Naples-Marco Island, FL

10.79

16.63

331,285

31.79

10.67

63,299

30.75

5.13

Bradenton-Sarasota-Venice, FL

1.55

12.25

721,598

22.31

8.45

52,726

29.60

6.01

Miami-Fort Lauderdale-Pompano Beach-Homestead, FL

0.16

3.69

5,549,666

10.83

3.49

52,512

30.34

4.03

Key West, FL

8.40

2.47

73,639

(7.48)

(4.11)

54,614

27.82

(0.02)

Cape Coral-Fort Myers, FL

1.43

2.30

645,899

46.50

17.89

52,154

29.34

5.02

Jacksonville, FL

0.37

1.75

1,392,346

24.01

10.33

55,237

29.52

4.49

LOUISIANA

Lafayette, LA

22.72

15.17

260,628

9.01

4.00

41,287

16.34

3.26

New Iberia, LA

37.70

7.10

75,954

3.67

1.18

35,547

14.44

1.11

New Orleans-Metairie-Kenner, LA

1.79

6.30

1,166,214

(11.42)

11.89

42,739

21.00

(1.80)

Baton Rouge, LA

2.14

4.13

782,691

10.87

5.21

43,138

15.25

3.29

Monroe, LA

11.53

3.93

173,860

2.24

0.70

36,070

13.68

4.15

Shreveport-Bossier City, LA

2.39

1.73

393,983

4.79

1.82

38,191

15.09

2.36

Ruston, LA

10.26

1.33

58,032

0.22

(0.37)

30,974

12.44

1.60

Crowley, LA

7.39

0.71

61,376

4.27

1.64

30,304

13.63

0.37

Abbeville, LA

5.33

0.60

56,905

5.76

2.08

32,473

10.30

1.26

Bastrop, LA

6.53

0.24

29,521

(4.84)

(3.32)

28,280

12.55

1.06

Houma-Bayou Cane-Thibodaux, LA

0.39

0.20

204,970

5.40

1.43

40,199

14.56

4.23

ARKANSAS

Little Rock-North Little Rock-Conway, AR

3.15

5.28

686,372

12.42

5.94

51,839

33.16

4.95

Jonesboro, AR

7.62

2.34

118,164

9.65

4.59

40,548

30.35

7.34

Fayetteville-Springdale-Rogers, AR-MO

1.44

1.40

456,132

31.43

13.38

49,287

36.00

4.35

Paragould, AR

1.61

0.15

41,326

10.70

5.46

39,417

27.77

6.28

TENNESSEE

Memphis, TN-MS-AR

0.46

1.34

1,321,291

9.63

4.39

52,209

31.81

4.71

ALABAMA

Birmingham-Hoover, AL

0.93

3.25

1,124,423

6.86

3.26

45,864

20.69

4.91

Montgomery, AL

1.06

1.09

371,467

7.20

3.67

44,553

19.70

3.98

Huntsville, AL

1.10

1.03

397,307

16.04

7.87

52,034

20.52

3.14

Mobile, AL

0.07

0.06

410,457

2.65

1.41

39,943

18.48

4.39

Aggregate: National

96.46

309,731,508

10.06

4.63

54,719

29.78

4.06

IBKC

Rank

4

5

54

5

17

26

1

1

12

6

4

7

2

4

9

6

13

9

4

19

8

33

13

14

13

19

IBKC

Deposits

1,260,813

928,434

279,532

186,951

174,194

132,566

1,149,488

538,043

477,850

312,764

297,896

130,931

101,101

53,818

45,285

17,901

15,277

400,326

177,513

106,203

11,528

101,656

246,572

82,324

77,960

4,191

IBKC

Offices

7

14

4

5

4

3

13

4

12

4

7

2

2

2

2

2

1

11

6

8

1

2

4

2

2

1

53

Markets –

Branches

Historical Office Optimization

Entered 3 New Markets

Acquired 12 Offices (All)

Closed/Consolidated 18

Offices (All Types)

Opened 10 New Bank

Offices

Opened 7 Mortgage

Offices

Divested/Sold 1 Office

5 Office Realignments

1999 Through 2005

Since 2005

Entered 26 New Markets

Acquired 138 Offices (All)

Closed/Consolidated 26

Offices (All Types)

Opened 15 New Bank

Offices

Opened 15 Mortgage

Offices

Opened 1 Title Office

11 Office Realignments

Period-End Loan And Deposit Volumes

54

Markets -

Branches

Branch Expansion Initiative

13 Offices

1Q10 Loans

Of $184 mm

(+25% Over

1-Year)

1Q10

Deposits Of

$317 mm

(+53% Over

1-Year)

Closed One

Office

(Prairieville)

55

Markets –

Local Economies

Oil & Gas Impact

Source: Bloomberg

Source: Bloomberg

56

Summary Of IBKC

Industry Operating Environment--Challenging

•

Housing

•

Credit Risk

•

Interest Rate Risk

•

Operations Risk

We Tend To Move “Ahead Of The Curve”

Focus On Long-Term Investments & Payback

Organic And External Growth

Expense Controls And Revenue Growth

EPS/Stock Price Linkage -

Shareholder Focus

Favorable Risk/Return Compared To Peers