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

4Q10 Earnings Conference Call

Supplemental Materials

January 25, 2011

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 $616 Million in Excess Cash In 4Q10

Deposit Runoff During 4Q10 As We Lowered Deposit Rates

Future Growth Engines in Multiple Markets

Strategic

Recruiting

Continued

During

The

4

th

Quarter

Fortunately, We Avoided What Ails The Banking Industry

Remain Well Positioned For Future Opportunities

Corporate

Overview

4Q10

Deposit Market Share as of  June 30, 2010

Source: SNL Financial

Map Reflects Locations as of  January 19, 2010

NASDAQ Traded     IBKC

Headquarters

Lafayette, LA

Founded

1887

Market Cap           $ 1.6 Billion

Locations                    226

(Bank Branches       145)

FTE’s                        2,122

Asset Size

$ 10.0 Billion

Deposits              $  7.9 Billion

Loans                    $  6.0 Billion

Clients                         216,000

Subsidiaries

IBERIABANK

Lenders Title

Arkansas

36 Branches

$1.0 bil

deposits

#12 Rank

33 Non-bank Offices

Texas

4 Branches

$53 mm deposits

#462 Rank

4 Non-bank Offices

Louisiana

51 Branches

$3.9 bil

deposits

#5 Rank

21 Non-bank Offices

Alabama

10 Branches

$474 mm deposits

#22 Rank

4 Non-bank Offices

Florida

43 Branches

$3.0 bil

deposits

#21 Rank

8 Non-bank Offices

Tennessee

2 Branches

$170 mm deposits

#105 Rank

1 Non-bank Office

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/Capital Markets

•

Provide Depth For Unusual Opportunities

•

Grind Our Way Through The Credit Cycle

Strategic

Goals

18-Month

18-Month

Priorities

Priorities

7

Financial Overview

8

Financial Overview

Summary –

4Q10 and 12/31/10

T/E Net Interest Income Up $2mm (+3%)

Credit Quality Statistics Excluding FDIC Covered Assets:

•

NPA/Assets = 0.91% (0.81% in 3Q10)

•

30+ Days Past Due = 1.44% (1.48% in 3Q10)

•

Loan Loss Reserve/Loans = 1.40% (1.43% in 3Q10)

•

Net COs/Average Loans = 0.96% (0.57% in 3Q10)

•

Provision = $12mm ($3mm in 3Q10)

Minimal Gains On Sale of Investments in 4Q10 ($4.1mm Gain in

3Q10)

Merger And Conversion Related Costs = $1.7mm ($1.5mm in

3Q10)

Reported EPS = $0.48, Down 7% from 3Q10

EPS Excluding One-Time Costs = $0.52, Down 5% from 3Q10

Capital Ratios Improved (Tier 1 Leverage up 35 bps to 11.24%)

9

Financial Overview

Favorable Balance Sheet Growth

4Q10 Results

4Q10 Results

•

Loans +$244mm, +4%

•

Deposits -$349mm -4%

•

Loan/Deposits = 71%

•

Equity = -$3mm, -0.3%

•

Equity/Assets = 12.67%

•

Tier 1 Leverage = 11.24%

•

Div Payout = 70.1%

•

ROA = 0.50%

•

ROE = 3.94%

•

ROTE = 5.26%

•

Efficiency Ratio = 73%

•

Tang Eff. Ratio = 71%

•

BV/Share = $48.50

•

Tang BV/Share = $38.68

10

Financial Overview

Trends -

Mortgage Interest Rates

Source: Bloomberg

Conforming

Rates Have

Fallen

Substantial

Refi

Activity

Sales

Spreads

Remain

Favorable

Improved

Competitive

Dynamics In

Mortgage

Business

11

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 December,

31% Of Our

Production

Was FHA/VA

And 61% Was

Conventional

12

Financial Overview

Mortgage Quarterly Revenues

In 4Q10 Closed

$517mm (-1% Vs.

3Q10)

In 4Q10 Sold

$602mm (+31%

Vs. 3Q10)

Highest Revenue

Quarter in

Company History

4Q10 Vs. 3Q10:

20% Increase In

Mtg. Revenues

$107mm Locked

Pipeline on

1/21/11

13

Financial Overview

Title Insurance Qtrly

Revenues

Title & Mortgage

Footprints Don’t

Necessarily

Overlap

4Q10: $4.7mm

In Revenues    

(-3% Vs. 3Q10)

Impairment

Recorded in

4Q09 Totaling

$9.7 mm

New CEO For

Title Business

On 10/25/10

Financial Overview

Service Charges/Revenues

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

TIBB

EBTX

PBIB

IBKC

WTNY

CSFL

SBCF

HOMB

UCBI

OZRK

PFBX

HBHC

FSGI

RNST

TRMK

BXS

SFNC

FMFC

SBSI

CCBG

MSL

IBKC = 5.4%

Source: SNL

Data as of most recent quarter

Non-Interest Income Excludes Gains on Acquisitions and Investment Sales

14

•

Less Reliance On

Service Charge

Income And

Consumer Fees

Than Peers

•

77% Of Eligible

Accounts With

Overdraft Activity

Have Opted-In To

Overdraft Services

(Reg-E)

15

Financial Overview

Quarterly Repricing Schedule

Excess Cash Methodically Being Deployed

Favorable Repricing Opportunities

1Q11

2Q11

3Q11

4Q11

1Q12

Cash Equivalents

299.2

$             

-

$      

-

$      

-

$      

-

$      

0.41%

0.00%

0.00%

0.00%

0.00%

Investments

156.5

$             

118.2

$   

106.9

$   

118.1

$   

75.9

$    

3.97%

4.21%

4.07%

3.24%

4.02%

Loans

3,346.7

$          

330.0

$   

319.8

$   

246.0

$   

160.4

$   

3.53%

5.34%

5.07%

5.80%

5.76%

Time Deposits

646.8

$             

581.1

$   

437.9

$   

394.2

$   

236.1

$   

1.59%

1.57%

1.57%

1.88%

2.36%

Borrowed Funds

350.4

$             

2.9

$      

3.6

$      

1.4

$      

13.1

$    

1.15%

3.55%

3.67%

3.58%

3.28%

16

Financial Overview

Interest Rate Simulations

Source: Bancware

model, as of December 2010

As Rates Have Fallen And Cash Has Accumulated, Become

More Asset Sensitive

Degree Is A Function Of The Reaction Of Competitors To

Changes In Deposit Pricing

Forward Curve Has A Small Positive Impact Over 12 Months

Includes FDIC Assisted Acquisitions of CapitalSouth, Orion, Century and Sterling

Base

Blue

Forward

Change In:

-200 bp

-100 bp

Case

+100 bp

+200 bp

Chip

Curve

Net Interest

Income

-0.7%

0.4%

0.0%

0.8%

2.3%

-0.2%

0.1%

Economic

Value of

Equity

-13.1%

-3.1%

0.0%

-0.7%

-3.6%

1.7%

0.5%

17

Financial Overview

Annual Change In Stock Price

Source: Bloomberg

as of January 24, 2011

18

Financial Overview

Last 12 Months Price Change By Index

Source: SNL Through January 24, 2011

-10%

0%

10%

20%

30%

Southeast Banks

Banks < $250M

Banks $5B-$10B

Micro Cap Banks

Banks < $500M

Banks $250M-$500M

Mid Cap Banks

NASDAQ Bank

Banks $500M-$1B

Banks $1B-$5B

IBERIABANK Corporation

Small Cap Banks

Midwest Banks

NASDAQ Finl

NYSE

Banks

New England Banks

Banks > $10B

All Financial Institutions

S&P Bank

Large Cap Banks

KBW Bank

Southwest Banks

Western Banks

S&P Financials

Russell 3000

TARP Participants

S&P 500

Mid-Atlantic Banks

Russell 2000

NASDAQ

S&P Small-Cap

S&P Mid-Cap

+8%

19

Financial Overview

3 Years Price Change By Index

Source: SNL Through January 24, 2011

-70%

-60%

-50%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

Southeast Banks

Micro Cap Banks

Mid Cap Banks

Banks < $250M

S&P Bank

Banks < $500M

Banks $250M-$500M

S&P Financials

KBW Bank

Banks > $10B

TARP Participants

Banks

Banks $1B-$5B

Midwest Banks

Banks $500M-$1B

New England Banks

Large Cap Banks

All Financial Institutions

Mid-Atlantic Banks

Small Cap Banks

Banks $5B-$10B

NASDAQ Bank

NASDAQ Finl

Southwest Banks

NYSE

S&P 500

Western Banks

Russell 3000

S&P Small-Cap

Russell 2000

NASDAQ

S&P Mid-Cap

IBERIABANK Corporation

+25%

20

Asset Quality

21

Asset Quality

Loan Portfolio Mix

% based on gross portfolio –

excluding discounts on

loans acquired in FDIC-assisted transactions

Residential

5%

Home Equity

8%

Credit Card

1%

Automobile

0%

Indirect

Automobile

4%

Other Consumer

1%

Business

20%

Commercial RE

23%

All Other Loans

3%

CapitalSouth

Gross Loans

= 4%,

Discount = 1%

Orion

Gross Loans

= 12%,

Discount = 6%

Century

Gross Loans

=5%,

Discount = 2%

Transparent slices indicate

loan discounts

Sterling

Gross Loans

= 2%,

Discount = 1%

$000s

% of CRE

%

Loans

C&D-IBERIABANK fsb

57,286

$            

4%

1%

C&D-IBERIABANK

207,961

13%

3%

CRE-Owner Occupied

558,909

36%

8%

CRE-Non-Owner Occupied

735,976

47%

11%

Total Commercial RE

1,560,133

$        

100%

23%

22

Asset Quality

IBERIABANK

Builder & Non-Builder

C&D Loan Exposure

Note: Excludes Covered Loans

# Of Loans

$ Funded

% Of Line

Average

Funded

Committed

Committed

%Total

Funded

$ Funded

Lafayette

54,242

71,908

148

26.1%

75%

366,498

$        

Community Bank

3,036

3,036

110

1.5%

100%

27,601

$          

Baton Rouge

25,232

41,926

69

12.1%

60%

365,676

$        

New Orleans

69,216

88,340

80

33.3%

78%

865,202

$        

Northshore

7,624

7,647

19

3.7%

100%

401,245

$        

Regional Commercial South

6,077

6,856

3

2.9%

89%

2,025,602

$      

Shreveport

6,986

11,156

14

3.4%

63%

498,973

$        

NE Louisiana

5,794

6,765

56

2.8%

86%

103,461

$    ��   

Regional Commercial North

18,306

31,124

6

8.8%

59%

3,051,036

$      

Mobile

4,210

6,255

5

2.0%

67%

842,066

$        

Birmingham

665

1,296

2

0.3%

51%

332,394

$        

Houston

1,500

1,500

1

0.7%

100%

1,500,000

$      

Mortgage - RIC

5,075

5,967

26

2.4%

85%

195,180

$        

Total

207,961

$   

283,775

$        

539

100.0%

73%

385,828

$        

On 9/30/10

222,217

$   

295,702

$       

490

100.0%

75%

453,505

$        

By Dollar Amount ($000)

Construction & Development

Loans (1A)

<100%

100%

<100%

100%

Complete

Complete

Complete

Complete

Lafayette

14,487

39,755

21

127

Community Bank

-

3,036

0

110

Baton Rouge

5,279

19,952

14

55

New Orleans

23,625

45,592

15

65

Northshore

-

7,624

0

19

Regional Commercial South

1,476

4,601

1

2

Shreveport

1,490

5,495

6

8

NE Louisiana

243

5,550

6

50

Regional Commercial North

3,679

14,627

3

3

Mobile

2,331

1,880

3

2

Birmingham

665

-

2

0

Houston

-

1,500

0

1

Mortgage - RIC

1,069

4,006

8

18

     Total

54,344

$        

153,617

$        

79

460

On 9/30/10

48,165

$       

174,052

$       

73

417

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

Lafayette

54,242

54,172

-

-

-

70

1,050

0.1%

1.94%

Community Bank

3,036

2,997

6

-

-

33

34

1.1%

1.12%

Baton Rouge

25,232

25,232

-

-

-

-

328

0.0%

1.30%

New Orleans

69,216

68,719

-

486

-

11

766

0.0%

1.11%

Northshore

7,624

3,439

-

-

-

4,184

121

54.9%

1.58%

Regional Commercial South

6,077

6,077

-

-

-

-

44

0.0%

0.73%

Shreveport

6,986

6,986

-

-

-

-

60

0.0%

0.86%

NE Louisiana

5,794

5,712

15

-

13

54

113

0.9%

1.96%

Regional Commercial North

18,306

17,960

-

-

-

346

456

1.9%

2.49%

Mobile

4,210

4,210

-

-

-

-

47

Birmingham

665

665

-

-

-

-

7

Houston

1,500

1,500

-

-

-

-

17

0.0%

1.11%

Mortgage - RIC

5,075

3,222

-

-

-

1,852

26

36.5%

0.51%

     Total

207,961

$       

200,891

$        

22

$        

486

$       

13

$        

6,550

$         

3,069

$        

3.1%

1.48%

On 9/30/10

222,217

$       

215,074

$       

12

$        

19

$        

232

$      

6,880

$         

3,365

$       

3.1%

1.51%

By Dollar Amount ($000)

# Of Days Past Due

Construction & Development

Loans (1A)

23

Asset Quality

4Q10 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

     ($thousands)

IBERIABANK

IBERIABANK fsb

IBERIABANK Corporation

2Q10

3Q10

4Q10

2Q10

3Q10

4Q10

2Q10

3Q10

4Q10

Nonaccruals

847,617

$   

853,299

$   

788,979

$   

22,537

$     

18,054

$   

27,265

$   

870,154

$     

871,353

$     

816,244

$     

OREO & Foreclosed

35,666

44,623

56,610

10,177

12,872

12,608

45,843

57,495

69,217

90+ Days Past Due

111,475

39,442

51,670

2,416

4,151

1,442

113,891

43,593

53,112

  Nonperforming Assets

994,758

$   

937,365

$   

897,259

$   

35,130

$     

35,077

$   

41,314

$   

1,029,887

$  

972,441

$     

938,573

$     

NPAs/Assets

11.52%

10.67%

10.80%

2.11%

2.06%

2.51%

9.93%

9.21%

9.36%

NPAs/(Loans + OREO)

20.73%

19.56%

18.01%

3.49%

3.32%

3.68%

17.74%

16.63%

15.37%

LLR/Loans

1.59%

2.33%

2.35%

2.04%

2.05%

1.84%

1.67%

2.28%

2.26%

Net Charge-Offs/Loans

0.46%

0.34%

0.23%

0.31%

0.48%

2.87%

0.44%

0.36%

0.72%

Past Dues:

30-89 Days Past Due

115,442

$   

82,059

$     

108,278

$   

3,585

$      

7,727

$     

3,067

$     

119,026

$     

89,786

$       

111,345

$     

90+ days Past Due

111,475

39,442

51,670

2,416

4,151

1,442

113,891

43,593

53,112

Nonaccual Loans

847,617

853,299

788,979

22,537

18,054

27,265

870,154

871,353

816,244

Total 30+ Past Dues

1,074,533

$

974,801

$   

948,926

$   

28,537

$     

29,932

$   

31,774

$   

1,103,071

$  

1,004,732

$  

980,700

$     

% Loans

22.56%

20.54%

11.42%

2.86%

2.87%

2.86%

19.15%

17.35%

16.25%

Loan Mix:

Commercial

64.6%

65.7%

66.7%

68.5%

70.3%

71.3%

65.0%

66.2%

67.2%

Consumer

13.3%

14.9%

15.0%

18.9%

17.8%

17.3%

14.3%

15.4%

15.4%

Mortgage

14.9%

13.4%

12.5%

6.6%

6.2%

5.6%

13.6%

12.4%

11.5%

Business Banking

1.6%

1.3%

1.3%

1.9%

1.8%

1.9%

1.7%

1.4%

1.4%

Indirect

5.6%

4.7%

4.5%

0.0%

0.0%

0.0%

4.7%

4.0%

3.8%

Credit Cards

0.0%

0.0%

0.0%

4.1%

3.9%

3.9%

0.7%

0.6%

0.7%

   Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

24

Asset Quality

Loans Past Due + Non-Accruals

By Entity:

9/30/09

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

IBERIABANK (Ex-FDIC Covered Assets)

     30+ days past due

0.32%

0.58%

0.67%

0.81%

0.32%

0.30%

     Non-accrual

0.45%

0.38%

0.94%

0.78%

0.70%

0.66%

     Total Past Due

0.77%

0.96%

1.61%

1.59%

1.02%

0.96%

IBERIABANK fsb

     30+ days past due

1.09%

1.12%

0.88%

0.60%

1.14%

0.41%

     Non-accrual

2.45%

2.78%

2.42%

2.26%

1.73%

2.46%

     Total Past Due

3.54%

3.90%

3.30%

2.86%

2.87%

2.87%

Consolidated (Ex-FDIC Covered Assets)

     30+ days past due

0.50%

0.72%

0.73%

0.77%

0.52%

0.33%

     Non-accrual

0.92%

0.97%

1.31%

1.13%

0.96%

1.11%

     Total Past Due

1.42%

1.69%

2.04%

1.90%

1.48%

1.44%

CapitalSouth Only

     30+ days past due

5.78%

5.69%

7.54%

7.83%

7.94%

7.10%

     Non-accrual

18.67%

22.25%

25.23%

23.87%

23.38%

21.12%

     Total Past Due

24.45%

27.94%

32.77%

31.70%

31.32%

28.22%

Orion Only

     30+ days past due

8.72%

4.64%

8.51%

3.59%

6.11%

     Non-accrual

30.37%

36.63%

34.06%

36.26%

34.52%

     Total Past Due

39.09%

41.27%

42.57%

39.85%

40.63%

Century Only

     30+ days past due

6.03%

7.04%

7.58%

3.53%

5.44%

     Non-accrual

30.67%

35.90%

38.31%

40.57%

41.39%

     Total Past Due

36.70%

42.94%

45.89%

44.10%

46.83%

Sterling Only

     30+ days past due

7.31%

10.68%

     Non-accrual

20.08%

26.68%

     Total Past Due

27.39%

37.36%

Consolidated With FDIC Covered Assets

     30+ days past due

1.06%

3.60%

3.09%

3.48%

1.98%

2.44%

     Non-accrual

2.79%

12.70%

14.23%

13.01%

12.95%

12.10%

     Total Past Due

3.85%

16.30%

17.32%

16.49%

14.93%

14.54%

Loans Past Due

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

25

Asset Quality

Trends –

Entity NPAs & Past Dues

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

4Q09

1Q10

2Q10

3Q10

4Q10

$Chg

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

Last Qtr.

Nonaccrual

IBERIABANK

865,494

$       

944,590

$       

847,617

$       

853,299

$       

788,979

$       

(64,320)

$        

IBERIABANK fsb

27,947

24,569

22,537

18,054

27,265

9,211

Consolidated

893,441

$       

969,159

$       

870,153

$       

871,353

$       

816,244

$       

(55,109)

$        

OREO & Foreclosed Assets

IBERIABANK

62,811

$         

38,706

$         

35,666

$         

44,623

$         

56,610

$         

11,987

$         

IBERIABANK fsb

11,281

11,436

10,177

12,872

12,607

(265)

Consolidated

74,092

$         

50,142

$         

45,843

$         

57,495

$         

69,217

$         

11,722

$         

Accruing 90+ Days Past Due

IBERIABANK

42,184

$         

59,041

$         

111,475

$       

39,442

$         

51,670

$         

12,228

$         

IBERIABANK fsb

1,767

1,316

2,416

4,151

1,442

(2,709)

Consolidated

43,952

$         

60,357

$         

113,891

$       

43,593

$         

53,112

$         

9,519

$           

Total NPAs

IBERIABANK

970,489

$       

1,042,337

$    

994,758

$       

937,365

$       

897,259

$       

(40,106)

$        

IBERIABANK fsb

40,996

37,321

35,130

35,077

41,314

6,237

Consolidated

1,011,485

$    

1,079,658

$    

1,029,887

$    

972,441

$       

938,573

$       

(33,869)

$        

NPAs / Total Assets

IBERIABANK

12.05%

12.01%

11.52%

10.67%

10.80%

IBERIABANK fsb

2.68%

2.27%

2.11%

2.06%

2.51%

Consolidated

10.43%

10.39%

9.93%

9.21%

9.36%

30-89 Days Past Due

IBERIABANK

199,558

$       

111,579

$       

115,442

$       

82,059

$         

108,278

$       

26,219

$         

IBERIABANK fsb

9,461

7,647

3,585

7,727

3,067

(4,660)

Consolidated

209,019

$       

119,226

$       

119,026

$       

89,786

$         

111,345

$       

21,559

$         

30-89 Days PDs / Loans

IBERIABANK

4.18%

2.36%

2.50%

1.73%

2.20%

IBERIABANK fsb

0.94%

0.75%

0.36%

0.74%

0.28%

Consolidated

3.61%

2.08%

2.07%

1.55%

1.84%

26

Asset Quality

Trends –

Entity LLR & Net COs

Note: Includes FDIC Assisted Acquisitions

(Dollars in $000s)

4Q09

1Q10

2Q10

3Q10

4Q10

$Chg

12/31/09

3/31/10

06/30/10

09/30/10

12/31/2010

Last Qtr.

Loan Loss Reserve*

IBERIABANK

34,431

$    

43,763

$    

75,660

$    

110,578

$   

115,651

$   

5,073

$      

IBERIABANK fsb

21,337

20,112

20,340

21,376

20,449

(927)

Consolidated

55,768

$    

63,875

$    

96,000

$    

131,954

$   

136,100

$   

4,146

$      

LLR / Total Loans

IBERIABANK

0.72%

0.93%

1.59%

2.33%

2.35%

IBERIABANK fsb

2.12%

1.98%

2.04%

2.05%

1.84%

Consolidated

0.96%

1.11%

1.67%

2.28%

2.26%

Net Charge-Offs

IBERIABANK

419

$         

1,530

$      

5,351

$      

4,108

$      

2,790

$      

(1,318)

$     

IBERIABANK fsb

1,865

3,564

760

1,222

7,716

6,493

Consolidated

2,284

$      

5,094

$      

6,111

$      

5,330

$      

10,506

$    

5,176

$      

Net COs/Avg Loans

IBERIABANK

0.04%

0.13%

0.46%

0.34%

0.23%

IBERIABANK fsb

0.78%

1.41%

0.31%

0.48%

2.87%

Consolidated

0.18%

0.36%

0.44%

0.36%

0.72%

LLR Coverage Of NPAs

IBERIABANK

4%

4%

8%

12%

13%

IBERIABANK fsb

52%

54%

58%

61%

49%

Consolidated

6%

6%

9%

14%

15%

*

Does not include loan discounts associated with acquisitions.

27

Asset Quality

Loan Mix And 30 Days+ Past Due

4Q09

1Q10

2Q10

3Q10

4Q10

4Q10*

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

12/31/10

% of Outstandings

Commercial

62.7%

63.0%

65.0%

66.2%

67.3%

68.0%

Mortgage

17.3%

17.1%

13.6%

12.4%

11.5%

8.3%

Consumer

13.0%

13.0%

14.3%

15.4%

15.4%

14.9%

Indirect

4.5%

4.5%

4.7%

4.0%

3.8%

5.7%

Business Banking

1.7%

1.7%

1.7%

1.4%

1.4%

2.1%

Credit Cards

0.8%

0.7%

0.7%

0.6%

0.6%

1.0%

Total Loans

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Past Due 30+ Days*

Commercial

24.62%

21.17%

17.08%

15.99%

15.55%

1.34%

Mortgage

17.52%

16.61%

16.54%

14.28%

14.94%

2.06%

Consumer

9.74%

8.06%

10.96%

16.22%

14.82%

1.62%

Indirect

1.19%

1.01%

0.78%

0.78%

0.87%

0.87%

Business Banking

2.17%

2.73%

2.51%

2.95%

2.57%

2.57%

Credit Cards

1.52%

2.12%

1.71%

1.50%

1.57%

1.44%

Total Loans

19.82%

17.32%

15.01%

14.93%

14.54%

1.44%

IBERIABANK

23.04%

20.21%

17.42%

17.03%

16.73%

0.96%

IBERIABANK fsb

3.90%

3.30%

2.86%

2.87%

2.87%

2.87%

Consolidated

19.82%

17.32%

15.01%

14.93%

14.54%

1.44%

Includes Non-Accrual Loans

*

Excludes FDIC assisted acquisitions

28

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

•

$4.8 Million Loan Loss Provision In 4Q10 (3Q10 = $2.9 Million)

IBERIABANKfsb

Franchise

•

Construction Portfolio Is Only $4.4 Million (0.07% of Total Loans)

•

$6.8 Million Loan Loss Provision in 4Q10 (3Q10 = $2.2 Million)

$10.5 Million In

Legacy Net

Charge-Offs In

4Q10 (0.96% Of

Average Loans)

4Q09

1Q10

2Q10

3Q10

4Q10

Net Charge-Offs - legacy

2,283

$    

5,094

$    

5,956

$    

6,123

$    

10,473

$

Loan Growth

14,326

(501)

354

683

5,501

Change In Asset Quality

(7,350)

7,680

158

(3,548)

(4,418)

Loan Loss Provision - legacy

9,260

$    

12,273

$  

6,468

$    

3,258

$    

11,556

$

Loan Loss Provision - FDIC Acqs

-

928

6,431

1,870

(332)

Total Loan Loss Provision

9,260

$    

13,201

$  

12,899

$  

5,128

$    

11,224

$

Net Charge-Offs/Avg. Loans

0.18%

0.36%

0.44%

0.36%

0.72%

Loan Loss Reserve/Loans

0.96%

1.11%

1.67%

2.28%

2.26%

The Lowest Level Of

C&D Loan Exposure

Compared To Peers

One Of The Lowest

Levels Of NPAs

Compared To Peers

Asset Quality

C&D Loans And

NPAs Compared To

Peers

Source: SNL, using most recent quarterly information

29

C&D Loans /

Total Loans

NPAs / Total

Assets

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

IBKC

SBCF

SFNC

TRMK

PNFP

CCBG

BXS

PRSP

WTNY

HBHC

UCBI

OZRK

4.0%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

PRSP

IBKC

HBHC

SFNC

TRMK

PNFP

OZRK

BXS

WTNY

CCBG

UCBI

SBCF

0.69%

9.36%

IBKC

Including Acquisitions

30

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

31

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

707.3

$        

187.7

$        

895.0

$       

Past Due

1.7

0.8

2.5

Nonaccrual

5.4

17.2

22.7

Total

714.5

$        

205.7

$        

920.2

$       

   % Nonaccrual

0.76%

8.38%

2.46%

Owner Occupied

Current

495.9

$        

136.6

$        

632.6

$       

Past Due

1.2

0.5

1.7

Nonaccrual

3.8

1.9

5.6

Total

500.9

$        

139.0

$        

639.9

$       

   % Nonaccrual

0.75%

1.34%

0.88%

Total CRE

1,215.4

$     

344.7

$        

1,560.1

$    

   % Nonaccrual

0.76%

5.54%

1.81%

Last Qtr (9/30/10)

0.92%

3.85%

1.52%

Non-Owner Occup/Tier 1 Cap.

95%

114%

76%

32

Asset Quality

Commercial Loan Composition

Note:

At

December

31,

2010;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

33

Consumer Loan

Portfolio

34

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

Volume

Score

Volume

Score

Volume

Score

HELOC

153

$         

741

32

$        

742

185

$      

741

Home Equity Loans

183

726

117

728

299

727

Unsecured Lines

15

733

2

724

17

733

Unsecured

15

703

8

703

23

703

Other Secured

37

702

11

700

48

702

Indirect Auto

229

720

-

-

229

720

Total

631

$         

722

170

$      

720

801

$      

722

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 +

11%

13%

4%

7%

14%

14%

750 - 799

38%

35%

20%

28%

27%

30%

700 - 749

27%

23%

29%

25%

21%

22%

650 - 699

12%

14%

20%

18%

17%

17%

600 - 649

5%

6%

12%

7%

10%

7%

550 - 599

3%

4%

7%

6%

6%

4%

500 - 549

2%

3%

4%

5%

3%

3%

450 - 499

1%

1%

2%

1%

1%

1%

400 - 449

0%

0%

0%

0%

0%

0%

Other

1%

2%

3%

2%

3%

2%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

741

727

733

703

702

720

Consumer Portfolio - Score Distribution By Product

35

Consumer

Loan

Portfolio

Past Dues

By Product

Generally Good

And Stable

Asset Quality

Across

Consumer

Products

Excludes Covered Loans from FDIC Acquisitions

9/30/09

12/31/09

3/31/10

6/30/10

9/30/10

12/31/10

Home Equity Lines of Credit

30 to 59 Days Past Due

0.32%

0.57%

0.86%

0.47%

0.24%

0.21%

60 to 89 Days Past Due

0.07%

0.33%

0.14%

0.05%

0.03%

0.28%

Over 90 Days Past Due

0.13%

0.07%

0.14%

0.29%

0.15%

0.00%

Total 30+ Days Past Due

0.51%

0.98%

1.14%

0.80%

0.42%

0.49%

Net Charge-Offs

1.25%

0.35%

0.47%

0.58%

0.87%

1.28%

Home Equity Term Loans

30 to 59 Days Past Due

0.57%

0.85%

1.08%

0.45%

0.28%

0.57%

60 to 89 Days Past Due

0.20%

0.22%

0.18%

0.24%

0.16%

0.17%

Over 90 Days Past Due

0.21%

0.32%

0.19%

0.13%

0.31%

0.00%

Total 30+ Days Past Due

0.98%

1.38%

1.45%

0.82%

0.75%

0.75%

Net Charge-Offs

0.81%

0.08%

0.46%

0.93%

0.21%

0.65%

Indirect Loans

30 to 59 Days Past Due

0.51%

0.64%

0.49%

0.30%

0.34%

0.40%

60 to 89 Days Past Due

0.16%

0.10%

0.07%

0.08%

0.09%

0.07%

Over 90 Days Past Due

0.06%

0.09%

0.07%

0.03%

0.03%

0.00%

Non Accrual

0.36%

0.39%

0.40%

0.39%

0.35%

0.42%

Total 30+ Days Past Due

1.08%

1.23%

1.04%

0.80%

0.81%

0.89%

Net Charge-Offs

0.54%

0.43%

0.31%

0.39%

0.13%

0.39%

Credit Card Loans

30 to 59 Days Past Due

0.32%

0.40%

0.37%

0.37%

0.35%

0.34%

60 to 89 Days Past Due

0.24%

0.30%

0.48%

0.21%

0.21%

0.22%

Over 90 Days Past Due

0.64%

0.54%

0.00%

0.00%

0.00%

0.00%

Total 30+ Days Past Due

1.20%

1.24%

0.85%

0.58%

0.56%

0.56%

Net Charge-Offs

2.48%

2.63%

3.03%

3.03%

2.16%

1.98%

Other Consumer Loans

30 to 59 Days Past Due

0.47%

0.83%

0.58%

0.42%

0.48%

0.36%

60 to 89 Days Past Due

0.33%

0.75%

0.25%

0.21%

0.10%

0.10%

Over 90 Days Past Due

0.36%

0.35%

0.45%

0.10%

0.04%

0.00%

Total 30+ Days Past Due

1.15%

1.94%

1.28%

0.73%

0.62%

0.46%

Net Charge-Offs

3.35%

1.54%

2.57%

1.45%

2.11%

1.86%

Total Consumer Loans

Total 30+ Days Past Due

0.84%

1.19%

1.11%

0.68%

0.57%

0.58%

Net Charge-Offs

1.14%

0.49%

0.71%

0.84%

0.60%

0.90%

Consumer Loan Portfolio - Quarterly Credit Statistics

Loans Past Due As A % of Product Loans

36

Consumer Loan Portfolio

By Product –

Origination Mix

37

Consumer Loan Portfolio

By Product –

Loan-To-Values

38

Consumer Loan Portfolio

Indirect –

30+ Days Past Dues

39

Consumer Loan Portfolio

Indirect –

Net Charge-Offs

40

FDIC Loss Share

Performance

Loss Share Performance

Covered Portfolio Performance

41

($ in thousands)

Original

Estimated

Losses

Additional

Impairment

Losses to

Date

Estimated

Remaining

Losses @

12/31/10

Projected

Total

Losses

FDIC

Threshold

Projected

Credit

Improvement

Projected

Credit

Improvement

excl.

Additional

Impairment

CapitalSouth

111,385

$   

11,099

$     

39,602

$  

46,378

$   

85,980

$     

135,000

$

25,405

$        

36,503

$        

Acquired 8/21/2008

Orion Bank

865,189

$   

35,273

$     

375,083

$

243,595

$  

618,678

$   

550,000

$

246,511

$      

281,783

$      

Acquired 11/13/09

Century Bank

296,809

$   

27,256

$     

112,429

$

164,774

$  

277,203

$   

285,000

$

19,606

$        

46,861

$        

Acquired 11/13/09

Sterling Bank

84,101

$     

-

$          

5,240

$    

78,861

$   

84,101

$     

52,000

$  

-

$             

-

$             

Acquired 7/23/10

Total

1,357,484

$

73,627

$     

532,354

$

533,608

$  

1,065,962

$

291,522

$      

365,148

$      

42

Loss Share Performance

Covered Loan Portfolio Rollforward

($ in thousands)

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,571,248

36,709

9.199%

1,466,627

39,453

10.592%

Mortgage Loans

289,197

7,479

10.345%

247,827

6,159

9.941%

Credit Card

1,204

25

8.374%

1,154

20

6.934%

Consumer

190,836

2,893

6.015%

213,082

3,225

6.005%

Line Of Credit-Consumer Loans

84,514

1,623

7.618%

79,958

4,582

22.733%

Commercial & Business Banking

1,004,908

24,688

9.636%

924,098

25,467

10.792%

Loans in Process

589

-

0.000%

508

-

0.000%

Overdrafts

1

-

0.000%

0

-

0.000%

FDIC Loss Share Receivable

865,810

(5,025)

-2.271%

899,558

(8,619)

-3.749%

Net Covered Loan Portfolio

2,437,058

31,684

5.133%

2,366,185

30,834

5.143%

Average

Income /

Expense

Average

Yield

Average

Income /

Expense

Average

Yield

Covered Loans

1,571,248

36,709

9.199%

1,466,627

39,453

10.592%

CapitalSouth Bank

273,100

5,268

7.63%

250,865

8,355

13.17%

Orion Bank

817,253

20,627

9.88%

742,289

24,721

13.05%

Century Bank

366,169

8,860

9.58%

332,360

3,878

4.61%

Sterling Bank

114,725

1,953

5.86%

141,113

2,499

6.77

FDIC Loss Share Receivable

865,810

(5,025)

-2.271%

899,558

(8,619)

-3.749%

CapitalSouth Bank

77,103

(954)

-4.840%

79,553

(2,600)

-12.788%

Orion Bank

551,435

(4,562)

-3.237%

555,610

(5,568)

-3.921%

Century Bank

186,425

349

0.732%

197,355

(593)

-1.177%

Sterling Bank

50,847

141

1.089%

67,040

142

0.830%

Net Covered Loan Portfolio

2,437,058

31,684

5.133%

2,366,185

30,834

5.143%

CapitalSouth Bank

350,204

4,314

4.887%

330,418

5,756

6.921%

Orion Bank

1,368,688

16,066

4.596%

1,297,899

19,153

5.783%

Century Bank

552,594

9,209

6.595%

529,715

3,285

2.457%

Sterling Bank

165,573

2,095

4.393%

208,153

2,641

4.854%

3Q2010

4Q2010

3Q2010

4Q2010

43

Markets

44

Markets –

Local Economies

Unemployment –

vs. U.S. MSAs

Consistently

Low Rates Of

Unemploy-

ment

In Our

Legacy MSAs

Many Of Our

Legacy

Markets Not

Dependent

On Housing

For Growth

Assets In

FDIC-

Assisted

Acquisition

Markets Are

Protected

Under Loss-

Share

Agreements

45

Markets –

Local Economies

Freddie Mac –

Regional Prices

FHLMC, “Home Values Decline in Third Quarter"

November 30, 2010

Source: Freddie Mac

Last 5-Year

Housing

Price

Last 12

3Q10 vs.

Region

States Included

Change

Months

2Q10

West South Central

LA, AR, TX, OK

13.6%

0.2%

-3.1%

New England

CT, MA, ME, NH, RI, VT

-10.3%

-0.5%

1.1%

Middle Atlantic

NY, NJ, PA

1.9%

-0.6%

-2.5%

West North Central

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

-2.2%

-1.9%

-6.7%

East South Central

TN, AL, MS, KY

5.6%

-1.9%

-2.3%

Pacific

CA, OR, WA, HI, AK

-20.7%

-2.6%

-9.3%

East North Central

IL, IN, MI, OH, WI

-10.2%

-3.6%

-6.4%

South Atlantic

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

-12.0%

-6.3%

-12.2%

Mountain

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

-13.7%

-8.3%

-18.1%

United States

-8.1%

-3.1%

-7.4%

46

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

47

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

48

Markets-Local Economies

IBKC Market Demographics

Source: SNL Financial

MSA

IBKC

Market                              

Rank

IBKC

Offices

IBKC

Deposits

IBKC Dep

Mkt. Share

(%)

Percent of

IBKC

Franchise

Market

Population

Population

Change 

2000-10

(%)

Projected

Population

Change

2010-15

(%)

Median

HH

Income

2010

($)

HH

Income

Change

2000-2010

(%)

Projected

HH Income

Change

2010-15

(%)

FLORIDA

North Port-Bradenton-Sarasota, FL

4

13

942,036

5.55

10.85

712,761

20.82

4.06

51,943

27.68

10.66

Naples-Marco Island, FL

4

7

824,574

7.46

9.50

332,156

32.13

5.99

62,368

28.82

11.33

Miami-Fort Lauderdale-Pompano Beach-Homestead, FL

30

10

758,759

0.48

8.74

5,513,060

10.09

1.37

51,835

28.66

13.46

Key West, FL

5

5

197,375

8.74

2.27

73,868

(7.19)

(4.68)

53,763

25.83

10.94

Cape Coral-Fort Myers, FL

15

4

197,292

1.69

2.27

628,829

42.63

8.17

51,699

28.21

10.86

Jacksonville, FL

30

3

80,159

0.18

0.92

1,389,042

23.72

7.08

54,392

27.54

11.94

LOUISIANA

Lafayette, LA

1

13

1,294,043

24.87

14.90

263,368

10.16

4.27

40,904

15.26

8.20

New Iberia, LA

1

4

825,934

48.14

9.51

75,402

2.92

0.17

35,185

13.27

7.36

New Orleans-Metairie-Kenner, LA

8

12

706,559

2.53

8.14

1,187,772

(9.78)

8.77

42,621

20.67

6.36

Baton Rouge, LA

6

4

344,194

2.24

3.96

789,682

11.86

4.80

42,872

14.54

7.08

Monroe, LA

3

7

318,375

11.65

3.67

174,353

2.53

1.13

35,606

12.22

10.11

Shreveport-Bossier City, LA

7

2

202,919

3.42

2.34

394,961

5.05

1.61

37,988

14.48

8.83

Ruston, LA

3

2

99,879

9.35

1.15

57,874

(0.06)

(0.30)

30,621

11.16

4.98

Crowley, LA

4

2

55,324

7.29

0.64

60,988

3.61

0.49

29,921

12.20

4.42

Abbeville, LA

9

2

47,411

5.48

0.55

56,867

5.69

1.46

31,930

8.45

6.64

Bastrop, LA

6

2

18,964

7.19

0.22

28,799

(7.16)

(3.98)

27,955

11.26

5.29

Houma-Bayou Cane-Thibodaux, LA

14

1

14,864

0.37

0.17

204,128

4.96

0.46

39,560

12.74

9.36

ARKANSAS

Little Rock-North Little Rock-Conway, AR

9

11

439,589

3.25

5.06

694,164

13.70

5.87

51,146

31.38

13.27

Jonesboro, AR

3

6

215,850

8.60

2.49

119,895

11.26

6.02

39,890

28.23

16.63

Fayetteville-Springdale-Rogers, AR-MO

18

8

121,448

1.62

1.40

461,723

33.04

10.17

48,929

35.01

9.83

Paragould, AR

9

1

8,933

1.25

0.10

41,398

10.89

4.05

39,063

26.62

15.16

TENNESSEE

Memphis, TN-MS-AR

25

2

170,942

0.77

1.97

1,325,833

10.01

4.28

51,618

30.32

11.85

TEXAS

Houston-Sugar Land-Baytown, TX

85

2

52,825

0.04

0.61

6,017,013

27.60

10.46

58,086

30.07

14.35

Birmingham-Hoover, AL

13

3

249,344

0.90

2.87

1,133,874

7.76

3.39

45,636

20.09

6.12

Montgomery, AL

13

2

86,103

1.47

0.99

372,902

7.61

3.06

44,338

19.12

8.45

Mobile, AL

11

1

70,134

1.18

0.81

410,234

2.60

1.01

39,492

17.15

9.17

Huntsville, AL

17

2

67,999

0.94

0.78

407,958

19.15

9.36

51,241

18.68

7.69

Aggregate: National

96.88

311,212,863

10.59

3.85

54,442

29.12

12.39

ALABAMA

49

Markets –

Local Economies

IBKC 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 29

Offices (All Types)

Opened 20 New Bank

Offices

Opened 22 Mortgage

Offices

Opened 2 Title Office

11 Office Realignments

50

Markets –

Local Economies

Oil & Gas Impact

51

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