Iberiabank (IBKC) 8-K Statements contained in this presentation which are not historical facts and which pertain to

Once In A Blue Moon

Annual Shareholders’ Meeting 2010

Forward Looking Statements

Safe Harbor

2

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 filings with the SEC.

A Decade Of Performance

3

Strategic Direction

•

123

Years

Of

Operation

–

Since

1887

•

Feb.  2000 –

Change of Strategic Direction

A Decade of Performance

•

Relationship And Market Focused

•

Make Decisions Closer To Clients

•

Have Big Bank Resources , But Small Bank Agility

•

Strive For High Performance

•

Teamwork

•

Operate In A Conservative Manner

•

Don’t Put All Your Eggs In One Basket

•

Core Earnings

•

Continuous Improvement

•

Enhance Shareholder Returns

4

Mission Statement

•

Provide Exceptional Value-Based

Client Service

•

Great Place To Work

•

Growth That is Consistent With

High Performance

•

Shareholder Focused

•

Strong Sense Of Community

A Decade of Performance

5

A Decade of Performance

•

Last

10

Years

-

A

Period

Of

Rapid

Change

•

The Environment We Faced Was Eventful:

Annual Meeting Of Shareholders

•

Year 2000 IT Challenges

•

September 11, 2001

•

3 Significant Hurricanes

•

Low Interest Rates (2002-04)

•

High Interest Rates (2006-07)

•

Energy Price Swings

•

Housing  Collapse

•

Bank Sector Collapse

•

Sarbanes-Oxley

•

Accounting Changes

•

12 Acquisitions

•

4 FDIC Opportunities

•

Treasury TARP

•

New Orleans Saints!

6

Summary

A Decade of Performance

+662%

-

20

40

60

80

100

120

140

160

180

200

220

Communities

Locations

20

43

114

210

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

People (FTEs)

531

1,944

+581%

+623%

+470%

+388%

+266%

7

$-

$1.0

$2.0

$3.0

$4.0

$5.0

$6.0

$7.0

$8.0

$9.0

$10.0

$11.0

Loans

Deposits

Assets

$0.8

$1.1

$1.4

$5.7

$8.0

$10.4

1999

Now

Shareholders

A Decade of Performance

•

EPS of $8.03 in

2009 vs. $1.22 in

1999 (+556%)

•

Dividends Per Share

of $1.36 in 2009 vs.

$0.50 in 1999

(+170%)

•

12 Stock Analysts

Up From 2 In 1999

(+500%)

•

Share Price Up 389%

Between Year-Ends

1999 and 2009

8

-100%

-50%

0%

50%

100%

150%

200%

250%

300%

350%

400%

450%

500%

550%

600%

IBKC = 527%

2

nd

Highest

Total

Return To

Shareholders

Between Year-ends

1999 and 2009 of

201 Publicly Traded

Bank Holding

Companies

A Year In Review -

Growth

9

Organic

Growth

Opportunities

-

Loans

A

Year

In

Review

-

Growth

•

Record

Mortgage

Production Of

$1.6 Billion

(+73%)

•

$298 Million

Organic Loan

Growth In

2009 (+8%)

•

Growth In

All Markets

10

232%

89%

0%

25%

50%

75%

100%

125%

150%

175%

200%

225%

250%

Data Indexed at 12/31/1999

Organic Loan Growth

December 1999 -

March 2010

IBERIABANK Corporation

U.S. Commercial Banks

IBKC data based on organic growth -

excluding one-time impact of acquisitions

Organic

Growth

Opportunities

-

Deposits

A

Year

In

Review

-

Growth

•

Paid Off

Borrowings

& Lowered

Deposit

Costs

•

$544 Million

Organic 

Deposit

Growth In

2009 (+14%)

•

Growth In

All Markets

11

200%

120%

0%

25%

50%

75%

100%

125%

150%

175%

200%

225%

Data Indexed at 12/31/1999

Organic Deposit Growth

December 1999 -

March 2010

IBERIABANK Corporation

U.S. Commercial Banks

IBKC data based on organic growth -

excluding one-time impact of acquisitions

Acquisition Growth Opportunities

A

Year

In

Review

-

Growth

•

August 21, 2009

•

HQ in Birmingham, AL

•

10 Offices In AL and FL

•

$546 Million Deposits

•

$493 Million Loans

•

November 13, 2009

•

HQ in Sarasota, FL

•

11 Offices In Florida

•

$690 Million Deposits

•

$699 Million Loans

•

November 13, 2009

•

HQ in Naples, FL

•

23 Offices In Florida

•

$2.1 Billion Deposits

•

$1.7 Billion Loans

•

Conversion Completed on

November 7-8, 2009

•

Pre-Tax Gain of $58 Million

in 3Q09

•

Conversion Completed on

April 24-25, 2010

•

Pre-Tax Gain of $52 Million

in 4Q09 and 1Q10

•

Conversion Scheduled For

Completion in 2Q10

•

Pre-Tax Gain of $122 Million

in 4Q09 and 1Q10

12

Acquisition Summary

•

Total Assets of $3.8 Billion

•

Total Deposits of $3.0 Billion

•

Deposits Assumed at a Discount of $39 Million

•

Gross Loans of $2.2 Billion

•

Loans Purchased at a $500 Million Discount

•

Loans Come With FDIC Loss Share Protection

•

Pre-Tax Gain of $231 Million

•

44 Offices in 9 MSAs

in Alabama & Florida

•

Fixed Assets /Owned Property at Appraised Value

A

Year

in

Review

-

Growth

13

Distribution

System

14

Distribution System

A Year In Review

15

Favorable Competitive

Dynamics In Southeastern

U.S. MSAs

Indicates

cities

in

which

our

11

members

of

Executive

Management

have

resided./worked

Indicates

cities

in

which

our 

members

of

Senior

Management

(Market

Presidents,

Executive

Vice

Presidents

and

video

participants)

have

resided/worked.

Resides in Greensboro, GA

James B. Gburek, EVP

Chief Risk Officer

A Year In Review

Where

We

Have

Resided

Albuquerque, NM

Annapolis, MD

Boston, MA

Buffalo, NY

Charlottetown,

PE, Canada

Chennai, India

Columbus, OH

Detroit, MI

Flint, MI

Hartford, CT

Indianapolis, IN

Cities not listed:

Las Vegas, NV

Mansfield, PA

Morris Plains, NJ

Pittsburgh,  PA

Phoenix, AZ

San Diego, CA

Scottsdale, AZ

Wilmington, DE

Resides in New Orleans, LA

Jefferson G. Parker, VC

Manager of Brokerage, Trust,

and Wealth and Management

Anthony J. Restel, SEVP

Chief Financial Officer

Daryl G. Byrd

President and CEO

Beth A. Ardoin, EVP

Director of Communications

George J. Becker III, EVP

Director of Corporate Operations

Barry J. Berthelot, EVP

Director of Organizational Development

Resides in Lafayette, LA

Resides in San Antonio, TX

Michael A. Naquin, SEVP

Director of Retail Segment and Facilities

Resides in Little Rock, AR

Michael J. Brown, VC

Chief Operating Officer

Resides in Greensboro, NC

Gregg Strader, EVP

Chief Credit Officer

Resides in Raleigh, NC

John R. Davis, SEVP

Director of Financial Strategy and Mortgage

16

Broad Experience Throughout

Southeastern U.S.

Risk Management

17

Risk Management Summary

A Year In Review

•

Many Bank Problems Are The Result of Losses, Bad Asset Quality,

Inadequate Liquidity, Low Capital, or Poor  Internal Controls. 

IBERIABANK Corporation Compared to The Industry*:

Earnings

–

Top

2%

•

In 2009: ROA of 2.37% and ROE of 19.16%

Asset

Quality

–

Top

14%

•

Non-FDIC Nonperforming Assets/Assets = 1.01%

Capital

–

Top

7%

•

Sold $603 Million In Common Stock in 15-Month Period

Liquidity

–

Rapidly

Growing

Excess

Cash

Position

•

$1.1 Billion Excess Liquidity  Plus $1.6 Billion in Bonds

Internal

Controls

-

Enhanced

Risk

Management,

BSA,

Compliance, Loan Review, Audit, Credit Admin. & Others

* Publicly traded bank holding companies with assets over $5 billion.

18

Asset Quality

A Year In Review

•

Avoided Real Estate

Concentrations

•

We Had Favorable

Underwriting, Clients,

And Markets

•

Resulted in Better

Asset Quality

Measures Than

Peers:

Nonperforming

Assets

Loans Past Due

Net Charge-Offs

Provisions For

Loan Losses

19

0.91%

1.01%

SE U.S. BHC AVERAGE

4.91%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Dec-

99

Dec-

00

Dec-

01

Dec-

02

Dec-

03

Dec-

04

Dec-

05

Dec-

06

Dec-

07

Dec-

08

Dec-

09

Mar-

10

Nonperforming Assets To Total Assets

IBERIABANK Corporation

SE U.S. BHC AVERAGE

Opportunities

20

A Year In Review

Potential Opportunities

•

Legacy Market

Organic Growth

•

Organic Growth

In New Markets

(Houston,

Mobile,

Memphis)

•

Additional Top

Recruits

•

FDIC-Assisted

Transactions

21

8%

25%

1%

3%

5%

1%

2%

26%

3%

2%

% Of Institutions With Texas Ratios >100%

At December 31, 2009

Aggregate of 176 Institutions (Through 12/31/09)

2009 Summary

•

Revenues Up 120%

•

Record Earnings (+170%)

•

Stable Dividends

•

Share Price Up 12%

•

Assets Up 74%

•

Deposits Up 89%

•

Market Cap Up 47%

•

Book Value/Share Up 14%

•

Tangible BVS Up 39%

A Year in Review

•

57 New Locations

•

Bargain Purchases

•

Excellent Recruits

•

Geographic Diversity

•

Downside Asset

Protection

•

Risk Management

Enhancements

•

Well Positioned For

Opportunities

22

23