 1Q11 Earnings Conference Call Supplemental Materials April 26, 2011 Exhibit 99.2 |
 2 Forward Looking Statements Safe Harbor In connection with the proposed mergers, IBERIABANK Corporation has filed Registration Statements on Form S-4 that contain a proxy statement/prospectus. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTIONS WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the proxy statement/prospectus (when it is available) and other documents containing information about IBERIABANK Corporation, Cameron Bancshares, Inc. and OMNI BANCSHARES Inc., without charge, at the SEC's web site at http://www.sec.gov. Copies of the proxy statement/prospectus and the SEC filings that will be incorporated by reference in the proxy statement/prospectus may also be obtained for free from the IBERIABANK Corporation website, www.iberiabank.com, under the heading “Investor Information”. This communication is not an offer to purchase shares of Cameron Bancshares, Inc. common stock or OMNI BANCSHARES, Inc. common stock, nor is it an offer to sell shares of IBERIABANK Corporation common stock which may be issued in either proposed merger. Any issuance of IBERIABANK Corporation common stock in either proposed merger would have to be registered under the Securities Act of 1933, as amended, and such IBERIABANK Corporation common stock would be offered only by means of a prospectus complying with the Act. 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. |
 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 $217 Million in Excess Liquidity In 1Q11 Deposit Runoff During 1Q11 As We Lowered Deposit Rates Future Growth Engines in Multiple Markets Strategic Recruiting Continued During The 1 Quarter Fortunately, We Avoided What Ails The Banking Industry Remain Well Positioned For Future Opportunities st |
                        Corporate Overview 1Q11 Deposit Market Share as of June 30, 2010 Source: SNL Financial Map Reflects Locations as of April 26, 2011 * Includes OMNI and Cameron branches NASDAQ Traded IBKC Headquarters Lafayette, LA Founded 1887 Market Cap $ 1.6 Billion Locations * 255 (Bank Branches * 176) FTE’s 2,142 Asset Size $ 9.9 Billion Deposits $ 7.9 Billion Loans $ 6.1 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 86 Branches* $5.1 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 Locations IBERIABANK Branches 140 OMNI BANK Branches 14 Cameron State Bank Branches 22 IBERIABANK Mortgage Locations 54 IBERIA Capital Partners 1 Title Insurance Offices 24 255 Total Offices |
 6 Financial Overview |
 7 Financial Overview Summary – 1Q11 and 03/31/11 T/E Net Interest Income Up $6mm (+8%) Credit Quality Statistics Excluding FDIC Covered Assets: • NPA/Assets = 1.01% (0.91% in 4Q10) • 30+ Days Past Due = 1.65% (1.44% in 4Q10) • Loan Loss Reserve/Loans = 1.45% (1.40% in 4Q10) • Net COs/Average Loans = -0.06% (0.96% in 4Q10) • Provision = $5mm ($11mm in 4Q10) Minimal Gains On Sale of Investments in 1Q11 Merger And Conversion Related Costs = $1.6mm ($1.7mm in 4Q10) Reported EPS = $0.54, Up 12% from 4Q10 EPS Excluding One-Time Costs = $0.58, Up 10% from 4Q10 Capital Ratios Improved (Tier 1 Leverage up 41 bps to 11.65%) |
 8 Financial Overview Favorable Balance Sheet Growth 1Q11 Results 1Q11 Results • Loans +$86mm, +1% • Deposits -$56mm -1% • Loan/Deposits = 78% • Equity = +$10mm, +1% • Equity/Assets = 13.21% • Tier 1 Leverage = 11.65% • Div Payout = 62.6% • ROA = 0.59% • ROE = 4.52% • ROTE = 5.95% • Efficiency Ratio = 76% • Tang Eff. Ratio = 74% • BV/Share = $48.68 • Tang BV/Share = $38.95 $600 $1,000 $1,400 $1,800 $2,200 $2,600 $3,000 $3,400 $3,800 $4,200 $4,600 $5,000 $5,400 $5,800 $6,200 $6,600 $7,000 $7,400 $7,800 $8,200 $8,600 Total Loans And Deposits ($ Millions) Loans Deposits Quarterly Averages Annual Average Balances -1% 20% 17% 17% 22% 34% 1% 3% 7% 4% 13% 15% 12% 17% 15% 14% 52% 43% 18% 21% 38% 71% 5% 2% |
 9 Financial Overview Trends - Mortgage Interest Rates Conforming Rates Have Bounced Off Of Lows Refi Activity Has Diminished Sales Spreads Remain Favorable Improved Competitive Dynamics In Mortgage Business |
 10 Financial Overview Mortgage Quarterly Revenues In 1Q11 Closed $289mm (-44% Vs. 4Q10) In 1Q11 Sold $319mm (-47% Vs. 4Q10) 1Q11 Vs. 4Q10: 45% Decrease In Mtg. Revenues 1Q11 Vs. 1Q10: 21% Increase In Mtg. Revenues $122 mm Locked Pipeline on 4/22/11 $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 $9.0 $10.0 $11.0 $12.0 $13.0 $14.0 $15.0 $16.0 $17.0 2003 2004 2005 2006 2007 2008 2009 2010 2011 Mortgage Gains On Sale Of Loans 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr ** Assumes Pulaski's acquisition of IBERIABANK Mortgage beginning in February 2007 |
 11 Financial Overview Title Insurance Qtrly Revenues Title & Mortgage Footprints Don’t Necessarily Overlap 1Q11: $3.8mm In Revenues (-19% Vs. 4Q10) New CEO For Title Business On 10/25/10 $- $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 $5.5 $6.0 $6.5 2003 2004 2005 2006 2007 2008 2009 2010 2011 Title Insurance Revenues 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr * Includes United Title in April 2007 ** Includes American Abstract in March 2008 |
 Financial Overview Service Charges/Revenues 12 • 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) 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% TIBB EBTX PBIB IBKC WTNY CSFL UCBI SBCF PFBX FSGI HOMB TRMK BXS HBHC SFNC FMFC RNST SBSI MSL CCBG OZRK IBKC = 5.2% Source: SNL Data as of most recent quarter Non-Interest Income Excludes Gains on Acquisitions and Investment Sales |
 13 Financial Overview Quarterly Repricing Schedule 2Q11 3Q11 4Q11 1Q12 2Q12 Cash Equivalents 202.5 $ - $ - $ - $ - $ 0.57% 0.00% 0.00% 0.00% 0.00% Investments 113.6 $ 110.2 $ 121.3 $ 79.5 $ 88.8 $ 4.06% 4.14% 3.26% 4.01% 3.69% Loans 3,408.9 $ 326.6 $ 257.2 $ 231.1 $ 195.3 $ 3.52% 5.21% 5.63% 5.75% 5.88% Time Deposits 657.0 $ 521.2 $ 438.7 $ 317.0 $ 212.3 $ 1.42% 1.40% 1.76% 1.93% 2.35% Borrowed Funds 329.4 $ 4.6 $ 1.7 $ 13.1 $ 5.6 $ 1.26% 3.64% 3.57% 3.28% 1.85% |
  14 Financial Overview Interest Rate Simulations Source: Bancware model, as of March 31, 2011 Fairly Balanced From An Interest Rate Risk Position 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 0.1% 0.3% 0.0% 0.4% 1.5% 0.0% 0.1% Economic Value of Equity -12.3% -2.9% 0.0% -1.1% -3.8% -0.5% -0.7% |
 15 Financial Overview Annual Change In Stock Price Source: Bloomberg as of April 25, 2011 -60% -40% -20% 0% 20% 40% 60% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 58% 27% 45% 47% 13% -4% 16% -21% 3% 12% 10% 1% IBKC S&P Banks NASDAQ Banks DJIA S&P 500 Russell 2000 |
 16 Financial Overview 3 Years Price Change By Index Source: SNL Through April 25, 2011 -70% -60% -50% -40% -30% -20% -10% 0% 10% 20% 30% +24% Southeast Banks Micro Cap Banks Banks < $250M Mid Cap Banks S&P Bank TARP Participants Banks < $500M Banks > $10B Banks $250M - $500M S&P Financials Banks KBW Bank Banks $1B - $5B Large Cap Banks Midwest Banks Mid - Atlantic Banks Banks $500M - $1B Small Cap Banks All Financial Institutions Banks $5B - $10B NASDAQ Bank New England Banks NASDAQ Finl Southwest Banks Western Banks NYSE S&P 500 Russell 3000 NASDAQ Russell 2000 S&P Small - Cap S&P Mid- Cap IBERIABANK Corporation |
 17 Asset Quality |
 18 Asset Quality Loan Portfolio Mix % based on gross portfolio – excluding discounts on loans acquired in FDIC-assisted transactions Residential 5% Home Equity 9% Credit Card 1% Automobile 0% Indirect Automobile 4% Other Consumer 1% Business 21% Commercial RE 25% All Other Loans 3% CapitalSouth Gross Loans = 4%, Discount = 1% Orion Gross Loans = 12%, Discount = 5% Century Gross Loans =5%, Discount = 2% Transparent slices indicate loan discounts Sterling Gross Loans = 2%, Discount = 1% $000s % of CRE % Loans C&D-IBERIABANK 276,304 17% 4% CRE-Owner Occupied 612,478 37% 9% CRE-Non-Owner Occupied 763,930 46% 11% Total Commercial RE 1,652,712 $ 100% 25% |
 19 Asset Quality IBERIABANK Builder & Non-Builder C&D Loan Exposure Note: Excludes Covered Loans <100% 100% <100% 100% Complete Complete Complete Complete Baton Rouge Market 7,661 20,688 19 57 Iberia & Community Bank Market 55 3,122 1 110 Lafayette Market 17,329 38,355 28 122 NE Louisiana Market 382 4,142 6 47 New Orleans Market 27,268 48,058 14 68 Northshore Market 1,913 2,719 3 17 Shreveport Market 2,947 5,118 7 6 Birmingham Market 613 1,103 2 2 Huntsville Market - - 0 0 Mobile Market 560 5,670 2 6 Montgomery Market - - 0 0 Little Rock Market 7,487 25,452 8 61 N Mississippi Market - - 1 0 NE Arkansas Market 1,543 4,989 9 116 NW Arkansas Market 68 1,802 3 22 Regional Commercial Banking-North 4,738 27,180 3 8 Memphis Market - 3,876 0 11 Houston Market 796 6,483 6 4 Mortgage Lending & RIC 653 3,533 8 17 Total 74,013 $ 202,290 $ 120 674 By Dollar Amount ($000) Number Construction & Development Loans (1A) % Balance Funded Loans Discounts & % Discounts & Balance Current 30-59 60-89 > 90 Reserves Reserves Baton Rouge Market 28,349 28,349 - - - - 372 0.0% 1.31% Iberia & Community Bank Market 3,177 3,161 5 - - 11 43 0.4% 1.35% Lafayette Market 55,684 55,674 - - - 10 1,116 0.0% 2.00% NE Louisiana Market 4,524 4,524 - - - - 106 0.0% 2.34% New Orleans Market 75,326 75,315 - - - 11 904 0.0% 1.20% Northshore Market 4,632 4,556 - - - 76 130 1.6% 2.80% Shreveport Market 8,064 8,064 - - - - 78 0.0% 0.97% Birmingham Market 1,716 1,716 - - - - 21 0.0% 1.24% Huntsville Market - - - - - - - -- -- Mobile Market 6,230 6,230 - - - - 74 0.0% 1.19% Montgomery Market - - - - - - - -- -- Little Rock Market 32,938 30,846 - - - 2,092 731 6.4% 2.22% N Mississippi Market - - - - - - - -- -- NE Arkansas Market 6,532 6,248 - - - 285 102 4.4% 1.56% NW Arkansas Market 1,870 579 - 221 - 1,070 32 57.2% 1.71% Regional Commercial Banking-North 31,918 31,572 - - - 346 678 1.1% 2.12% Memphis Market 3,876 2,846 - - - 1,030 178 26.6% 4.60% Houston Market 7,279 7,279 - - - - 129 0.0% 1.77% Mortgage Lending & RIC 4,186 2,354 - - - 1,832 25 43.8% 0.60% Total 276,304 $ 269,315 $ 5 $ 221 $ - $ 6,763 $ 4,719 $ 2.4% 1.71% By Dollar Amount ($000) # Of Days Past Due Construction & Development Loans (1A) # Of Loans $ Funded % Of Line Average Funded Committed Committed %Total Funded $ Funded Baton Rouge Market 28,349 43,658 76 10.3% 65% 373,020 $ Iberia & Community Bank Market 3,177 3,222 111 1.1% 99% 28,621 $ Lafayette Market 55,684 72,265 150 20.2% 77% 371,228 $ NE Louisiana Market 4,524 5,567 53 1.6% 81% 85,366 $ New Orleans Market 75,326 91,282 82 27.3% 83% 918,613 $ Northshore Market 4,632 8,143 20 1.7% 57% 231,595 $ Shreveport Market 8,064 14,599 13 2.9% 55% 620,343 $ Birmingham Market 1,716 8,426 4 0.6% 20% 428,970 $ Huntsville Market - - - 0.0% -- -- Mobile Market 6,230 6,789 8 2.3% 92% 778,802 $ Montgomery Market - - - 0.0% -- -- Little Rock Market 32,938 41,378 69 11.9% 80% 477,367 $ N Mississippi Market - - 1 0.0% -- - $ NE Arkansas Market 6,532 8,417 125 2.4% 78% 52,260 $ NW Arkansas Market 1,870 2,057 25 0.7% 91% 74,803 $ Regional Commercial Banking-North 31,918 38,184 11 11.6% 84% 2,901,639 $ Memphis Market 3,876 3,877 11 1.4% 100% 352,376 $ Houston Market 7,279 10,436 10 2.6% 70% 727,858 $ Mortgage Lending & RIC 4,186 5,454 25 1.5% 77% 167,444 $ Total 276,304 $ 363,756 $ 794 100.0% 76% 347,989 $ By Dollar Amount ($000) Construction & Development Loans (1A) Nonaccrual Nonaccrual |
 20 Asset Quality 1Q11 Compared To Prior Quarters Note: Includes FDIC Assisted Acquisitions ($thousands) 2Q10 3Q10 4Q10 1Q11 Nonaccruals 870,154 $ 871,353 $ 816,243 $ 800,265 $ OREO & Foreclosed 45,843 57,495 69,218 83,186 90+ Days Past Due 113,891 43,593 53,112 29,279 Nonperforming Assets 1,029,887 $ 972,441 $ 938,573 $ 912,730 $ NPAs/Assets 9.93% 9.21% 9.36% 9.18% NPAs/(Loans + OREO) 17.74% 16.63% 15.37% 14.71% LLR/Loans 1.67% 2.28% 2.26% 2.44% Net Charge-Offs/Loans 0.44% 0.36% 0.72% -0.05% Past Dues: 30-89 Days Past Due 119,026 $ 89,786 $ 111,345 $ 107,725 $ 90+ days Past Due 113,891 43,593 53,112 29,279 Nonaccual Loans 870,154 871,353 816,243 800,265 Total 30+ Past Dues 1,103,071 $ 1,004,732 $ 980,700 $ 937,269 $ % Loans 19.15% 17.35% 16.25% 15.31% Loan Mix: Commercial 65.0% 66.2% 67.2% 67.5% Consumer 14.3% 15.4% 15.4% 16.0% Mortgage 13.6% 12.4% 11.5% 10.8% Business Banking 1.7% 1.4% 1.4% 1.4% Indirect 4.7% 4.0% 3.8% 3.7% Credit Cards 0.7% 0.6% 0.7% 0.6% Total Loans 100.0% 100.0% 100.0% 100.0% IBERIABANK Corporation |
 By Entity: 12/31/09 3/31/10 6/30/10 9/30/10 12/31/10 3/31/11** Consolidated (Ex-FDIC Covered Assets) 30+ days past due 0.72% 0.73% 0.77% 0.52% 0.33% 0.35% Non-accrual 0.97% 1.31% 1.13% 0.96% 1.11% 1.30% Total Past Due 1.69% 2.04% 1.90% 1.48% 1.44% 1.65% CapitalSouth Only 30+ days past due 5.69% 7.54% 7.83% 7.94% 7.10% 7.85% Non-accrual 22.25% 25.23% 23.87% 23.38% 21.12% 21.47% Total Past Due 27.94% 32.77% 31.70% 31.32% 28.22% 29.32% Orion Only 30+ days past due 8.72% 4.64% 8.51% 3.59% 6.11% 4.24% Non-accrual 30.37% 36.63% 34.06% 36.26% 34.52% 36.07% Total Past Due 39.09% 41.27% 42.57% 39.85% 40.63% 40.31% Century Only 30+ days past due 6.03% 7.04% 7.58% 3.53% 5.44% 5.18% Non-accrual 30.67% 35.90% 38.31% 40.57% 41.39% 42.15% Total Past Due 36.70% 42.94% 45.89% 44.10% 46.83% 47.33% Sterling Only 30+ days past due 7.31% 10.68% 12.17% Non-accrual 20.08% 26.68% 28.59% Total Past Due 27.39% 37.36% 40.76% Consolidated With FDIC Covered Assets 30+ days past due 3.60% 3.09% 3.48% 1.98% 2.44% 2.04% Non-accrual 12.70% 14.23% 13.01% 12.95% 12.10% 11.89% Total Past Due 16.30% 17.32% 16.49% 14.93% 14.54% 13.93% Loans Past Due Loans Past Due 30 Days Or More And Nonaccruing Loans As % Of Loans Outstanding 21 Asset Quality Loans Past Due + Non-Accruals ** Beginning in 2011, IBERIABANK fsb was merged with IBERIABANK |
 (Dollars in $000s) 1Q10 2Q10 3Q10 4Q10 1Q11* $Chg 3/31/10 6/30/10 9/30/10 12/31/10 3/31/11 Last Qtr. Nonaccrual Loans 969,159 $ 870,153 $ 871,353 $ 816,244 $ 800,265 $ (15,979) $ OREO & Foreclosed Assets 50,142 $ 45,843 $ 57,495 $ 69,217 $ 83,186 $ 13,969 $ Accruing 90+ Days Past Due 60,357 $ 113,891 $ 43,593 $ 53,112 $ 29,279 $ (23,832) $ Total NPAs 1,079,658 $ 1,029,887 $ 972,441 $ 938,573 $ 912,730 $ (25,842) $ NPAs / Total Assets 10.39% 9.93% 9.21% 9.36% 9.18% 30-89 Days Past Due 119,226 $ 119,026 $ 89,786 $ 111,345 $ 107,725 $ (3,620) $ 30-89 Days PDs / Loans 2.08% 2.07% 1.55% 1.84% 1.76% 22 Asset Quality Trends – Entity NPAs & Past Dues Note: Includes FDIC Assisted Acquisitions |
 23 Asset Quality Trends – Entity LLR & Net COs Note: Includes FDIC Assisted Acquisitions (Dollars in $000s) 1Q10 2Q10 3Q10 4Q10 1Q11** $Chg 3/31/10 06/30/10 09/30/10 12/31/2010 3/31/2011 Last Qtr. Loan Loss Reserve* 63,875 $ 96,000 $ 131,954 $ 136,100 $ 149,119 $ 13,019 $ LLR / Total Loans 1.11% 1.67% 2.28% 2.26% 2.44% Net Charge-Offs 5,094 $ 6,111 $ 5,330 $ 10,506 $ (764) $ (11,270) $ Net COs/Avg Loans 0.36% 0.44% 0.36% 0.72% -0.05% LLR Coverage Of NPAs 6% 9% 14% 15% 16% * Does not include loan discounts associated with acquisitions. |
 24 Asset Quality Loan Mix And 30 Days+ Past Due 1Q10 2Q10 3Q10 4Q10 1Q11 1Q11* 3/31/10 6/30/10 9/30/10 12/31/10 3/31/11 3/31/11 % of Outstandings Commercial 63.0% 65.0% 66.2% 67.3% 67.5% 69.1% Mortgage 17.1% 13.6% 12.4% 11.5% 10.8% 7.4% Consumer 13.0% 14.3% 15.4% 15.4% 16.0% 15.3% Indirect 4.5% 4.7% 4.0% 3.8% 3.7% 5.3% Business Banking 1.7% 1.7% 1.4% 1.4% 1.4% 2.0% Credit Cards 0.7% 0.7% 0.6% 0.6% 0.6% 0.9% Total Loans 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Past Due 30+ Days Commercial 21.17% 17.08% 15.99% 15.55% 14.78% 1.63% Mortgage 16.61% 16.54% 14.28% 14.94% 15.21% 2.90% Consumer 8.06% 10.96% 16.22% 14.82% 13.94% 1.21% Indirect 1.01% 0.78% 0.78% 0.87% 0.74% 0.74% Business Banking 2.73% 2.51% 2.95% 2.57% 2.82% 2.82% Credit Cards 2.12% 1.71% 1.50% 1.57% 1.74% 1.60% Total Loans 17.32% 15.01% 14.93% 14.54% 13.93% 1.65% * Excludes FDIC assisted acquisitions |
 25 Asset Quality Loan Loss Reserve • Legacy IBERIABANK Credits Performing Very Well • Net Recoveries in Legacy Portfolio in 1Q11 • Classified Assets And NPAs Remain Favorable • $5.5 Million Loan Loss Provision In 1Q11 (4Q10 = $11.2 Million) • Acquired Builder Construction Portfolio Was Only $3.7 Million (0.06% of Total Loans) ($0.7) Million In Legacy Net Charge-Offs In 1Q11 (-0.06% Of Average Loans) 1Q10 2Q10 3Q10 4Q10 1Q11 Net Charge-Offs - legacy 5,094 $ 5,956 $ 6,123 $ 10,473 $ (655) $ Loan Growth (501) 354 683 5,501 2,043 Change In Asset Quality 7,680 158 (3,548) (4,418) 2,313 Loan Loss Provision - legacy 12,273 $ 6,468 $ 3,258 $ 11,556 $ 3,701 $ Loan Loss Provision - FDIC Acqs. 928 6,431 1,870 (332) 1,770 Total Loan Loss Provision 13,201 $ 12,899 $ 5,128 $ 11,224 $ 5,471 $ Net Charge-Offs/Avg. Loans 0.36% 0.44% 0.36% 0.72% -0.05% Loan Loss Reserve/Loans 1.11% 1.67% 2.28% 2.26% 2.44% |
 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 26 C&D Loans / Total Loans NPAs / Total Assets 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% IBKC SBCF TRMK PNFP CCBG SFNC BXS HBHC WTNY PRSP UCBI OZRK 5.0% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% PRSP IBKC HBHC TRMK PNFP WTNY SFNC OZRK BXS CCBG UCBI SBCF 1.01% 9.18% IBKC Including Acquisitions |
 27 Asset Quality Commercial Real Estate Loan Portfolio Excludes covered loans related to FDIC-Assisted Acquisitions 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 9,000,000 10,000,000 Non-Builder Portfolio CRE - CRE Loans Outstanding At March 31, 2011 |
 28 Asset Quality Commercial Real Estate Loan Portfolio Note: Includes commercial construction and land development loans Excludes covered loans related to FDIC-Assisted Acquisitions Mar 2010 Jun 2010 Sep 2010 Dec 2010 Mar 2011 Non-Owner Occupied Current 876.3 $ 866.3 $ 910.5 $ 895.0 $ 916.1 $ Past Due 11.2 15.8 1.5 2.5 6.8 Nonaccrual 26.2 21.7 18.4 22.7 31.9 Total 913.7 $ 903.8 $ 930.5 $ 920.2 $ 954.8 $ % Nonaccrual 2.87% 2.40% 1.98% 2.46% 3.34% Owner Occupied Current 624.1 $ 646.6 $ 605.2 $ 632.6 $ 691.2 $ Past Due 1.4 2.5 7.3 1.7 0.8 Nonaccrual 10.0 8.1 5.0 5.6 5.9 Total 635.5 $ 657.2 $ 617.5 $ 639.9 $ 697.9 $ % Nonaccrual 1.57% 1.23% 0.81% 0.88% 0.84% Total CRE 1,549.2 $ 1,561.0 $ 1,548.0 $ 1,560.1 $ 1,652.7 $ % Nonaccrual 2.33% 1.91% 1.52% 1.81% 2.29% Non-Owner Occup/RBC 76% 74% 78% 76% 100% |
 29 Asset Quality Commercial Loan Composition Note: At March 31, 2011; Includes commercial construction and land development loans – excludes Covered Assets 0% 5% 10% 15% 20% Storage Communications Religious Households Agriculture Transport Education Heavy/Civil Construction Construction Retail Governmental Real Estate Hospitality Wholesalers Financial/Insurance RE-Owner Occupied Energy Manufacturing Other Medical RE-Non-Owner Occupied 0% 1% 1% 2% 2% 2% 2% 2% 3% 3% 5% 5% 5% 5% 5% 5% 6% 7% 8% 11% 19% % Of Commercial Loan Portfolio At 3/31/2011 |
 30 Consumer Loan Portfolio |
  31 Consumer Loan Portfolio By Product – Score Distribution Note: Excludes Credit Cards Excludes Covered Loans from FDIC Acquisitions Score Intervals HELOC Home Equity Loans Unsecured Lines Unsecured Other Secured Indirect Auto 800 + 11% 12% 4% 8% 13% 14% 750 - 799 41% 39% 24% 30% 26% 30% 700 - 749 24% 25% 25% 24% 22% 22% 650 - 699 13% 12% 22% 18% 18% 17% 600 - 649 5% 5% 10% 8% 8% 8% 550 - 599 2% 3% 5% 5% 5% 4% 500 - 549 2% 3% 4% 4% 3% 3% 450 - 499 0% 1% 1% 1% 1% 1% 400 - 449 0% 0% 0% 0% 0% 0% Other 1% 1% 3% 2% 3% 1% Total 100% 100% 100% 100% 100% 100% Volume 219 $ 392 $ 19 $ 26 $ 58 $ 238 $ Avg. Score 744 726 734 710 704 720 Consumer Portfolio - Score Distribution By Product |
 32 Consumer Loan Portfolio Past Dues By Product Generally Good And Stable Asset Quality Across Consumer Products Excludes Covered Loans from FDIC Acquisitions 3/31/10 6/30/10 9/30/10 12/31/10 3/31/11 Home Equity Lines of Credit 30 to 59 Days Past Due 0.86% 0.47% 0.24% 0.21% 0.21% 60 to 89 Days Past Due 0.14% 0.05% 0.03% 0.28% 0.01% Over 90 Days Past Due 0.14% 0.29% 0.15% 0.00% 0.00% Total 30+ Days Past Due 1.14% 0.80% 0.42% 0.49% 0.22% Net Charge-Offs 0.47% 0.58% 0.87% 1.28% 0.90% Home Equity Term Loans 30 to 59 Days Past Due 1.08% 0.45% 0.28% 0.57% 0.29% 60 to 89 Days Past Due 0.18% 0.24% 0.16% 0.17% 0.01% Over 90 Days Past Due 0.19% 0.13% 0.31% 0.00% 0.00% Total 30+ Days Past Due 1.45% 0.82% 0.75% 0.75% 0.31% Net Charge-Offs 0.46% 0.93% 0.21% 0.65% 0.82% Indirect Loans 30 to 59 Days Past Due 0.49% 0.30% 0.34% 0.40% 0.34% 60 to 89 Days Past Due 0.07% 0.08% 0.09% 0.07% 0.02% Over 90 Days Past Due 0.07% 0.03% 0.03% 0.00% 0.00% Non Accrual 0.40% 0.39% 0.35% 0.42% 0.40% Total 30+ Days Past Due 1.04% 0.80% 0.81% 0.89% 0.76% Net Charge-Offs 0.31% 0.39% 0.13% 0.39% 0.17% Credit Card Loans 30 to 59 Days Past Due 0.37% 0.37% 0.35% 0.34% 0.26% 60 to 89 Days Past Due 0.48% 0.21% 0.21% 0.22% 0.32% Over 90 Days Past Due 0.00% 0.00% 0.00% 0.00% 0.00% Non Accrual 0.88% 0.90% 0.86% 0.88% 1.02% Total 30+ Days Past Due 1.73% 1.47% 1.41% 1.44% 1.60% Net Charge-Offs 3.03% 3.03% 2.16% 1.98% 1.76% Other Consumer Loans 30 to 59 Days Past Due 0.58% 0.42% 0.48% 0.36% 0.26% 60 to 89 Days Past Due 0.25% 0.21% 0.10% 0.10% 0.09% Over 90 Days Past Due 0.45% 0.10% 0.04% 0.00% 0.00% Total 30+ Days Past Due 1.28% 0.73% 0.62% 0.46% 0.35% Net Charge-Offs 2.57% 1.45% 2.11% 1.86% 0.74% Total Consumer Loans Total 30+ Days Past Due 1.11% 0.68% 0.57% 0.58% 0.31% Net Charge-Offs 0.71% 0.84% 0.60% 0.90% 0.71% Loans Past Due As A % of Product Loans Consumer Loan Portfolio - Quarterly Credit Statistics |
 33 Consumer Loan Portfolio By Product – Origination Mix 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1Q07 3Q07 1Q08 3Q08 1Q09 3Q09 1Q10 3Q10 1Q11 18% 21% 54% 7% Quarter Originations - Product Total % Home Equity 2nd Home Equity 1st HELOC 2nd HELOC 1st |
 34 Consumer Loan Portfolio By Product – Loan-To-Values 54% 81% 67% 75% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Quarter Loan-to-Values At Time Of Origination HELOC 1st HELOC 2nd Home Equity 1st Home Equity 2nd |
 35 Consumer Loan Portfolio Indirect – 30+ Days Past Dues Month Indirect Lending Portfolio Loans Past Due 30 Days Or More -35% |
 36 Consumer Loan Portfolio Indirect – Net Charge-Offs Month Indirect Lending Portfolio Annualized Net Chargeoffs Per Month .14% |
 37 FDIC Loss Share Performance |
 Loss Share Performance Covered Portfolio Performance 38 ($ in thousands) 1 Excludes non-reimbursable expenses and accrued interest, which totaled $13.8mm life-to-date at March 31, 2011. Original Estimated Losses Additional Impairment Losses to Date¹ Estimated Remaining Losses @ 03/31/11 Projected Total Losses FDIC Threshold Projected Credit Improvement Projected Credit Improvement excl. Additional Impairment CapitalSouth 113,500 $ 20,584 $ 47,254 $ 33,585 $ 80,839 $ 135,000 $ 32,661 $ 53,245 $ Acquired 8/21/2009 Orion Bank 862,681 $ 38,728 $ 401,830 $ 195,112 $ 596,942 $ 550,000 $ 265,739 $ 304,467 $ Acquired 11/13/09 Century Bank 296,809 $ 33,396 $ 131,279 $ 154,134 $ 285,413 $ 285,000 $ 11,396 $ 44,792 $ Acquired 11/13/09 Sterling Bank 84,305 $ - $ 13,828 $ 70,477 $ 84,305 $ 52,000 $ - $ - Acquired 7/23/10 Total 1,357,295 $ 92,708 $ 594,191 $ 453,308 $ 1,047,499 $ 309,796 $ 402,504 $ |
   Loss Share Performance Covered Portfolio Performance 39 ($ in thousands) Additional Impairment Loan Recapture Loan Impairment Total Loan Impairment ORE Impairment Other 1 Additional Impairment 12/31/2010 Q1 2011 Q1 2011 Q1 2011 Q1 2011 3/31/2011 CapitalSouth 11,099 $ (1,741) $ 8,909 $ 7,169 $ 75 $ 2,242 $ 20,584 $ Acquired 8/21/2009 Orion Bank 35,273 $ (6,317) $ 3,916 $ (2,401) $ 803 $ 5,054 $ 38,728 $ Acquired 11/13/09 Century Bank 27,256 $ (2,800) $ 4,470 $ 1,670 $ 1,172 $ 3,299 $ 33,396 $ Acquired 11/13/09 Sterling Bank - $ - $ - $ - $ - $ - $ - $ Acquired 7/23/10 Total 73,627 $ (10,858) $ 17,296 $ 6,438 $ 2,049 $ 10,594 $ 92,708 $ Net Loans 1,519,556 $ Notes: % of Net Loans 6.1% 1 Represents ORE impairments prior to 12/31/2010 Gross Loans 2,128,894 $ % of Gross Loans 4.4% Impairment Change |
 40 Loss Share Performance Covered Loan Portfolio Rollforward ($ in thousands) Average Income / Expense Average Yield 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% 1,545,551 54,118 14.049% Mortgage Loans 289,197 7,479 10.345% 247,827 6,159 9.941% 253,360 6,865 10.839% Indirect Automobile - - 0.000% - - 0.000% - - 0.000% Credit Card 1,204 25 8.374% 1,154 20 6.934% 1,083 19 7.091% Consumer 190,836 2,893 6.015% 213,082 3,225 6.005% 196,378 3,926 8.107% Line Of Credit-Consumer Loans 84,514 1,623 7.618% 79,958 4,582 22.733% 79,580 7,391 37.664% Commercial & Business Banking 1,004,908 24,688 9.636% 924,098 25,467 10.792% 1,015,204 35,917 14.155% Loans in Process 589 - 0.000% 508 - 0.000% (54) - 0.000% Overdrafts 1 - 0.000% 0 - 0.000% 0 - 0.000% FDIC Loss Share Receivable 865,810 (5,025) -2.271% 899,558 (8,619) -3.749% 708,809 (21,913) -12.366% Net Covered Loan Portfolio 2,437,058 31,684 5.133% 2,366,185 30,834 5.143% 2,254,360 32,205 5.744% Average Income / Expense Average Yield 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% 1,545,551 54,118 14.049% CapitalSouth Bank 273,100 5,268 7.634% 250,865 8,355 13.171% 251,762 10,188 16.262% Orion Bank 817,253 20,627 9.881% 742,289 24,721 13.046% 823,081 32,651 16.025% Century Bank 366,169 8,860 9.580% 332,360 3,878 4.610% 339,135 9,156 10.795% Sterling Bank 114,725 1,953 5.860% 141,113 2,499 6.770% 131,574 2,123 6.472% FDIC Loss Share Receivable 865,810 (5,025) -2.271% 899,558 (8,619) -3.749% 708,809 (21,913) -12.366% CapitalSouth Bank 77,103 (954) -4.840% 79,553 (2,600) -12.788% 58,914 (1,877) -12.744% Orion Bank 551,435 (4,562) -3.237% 555,610 (5,568) -3.921% 418,948 (18,861) -18.009% Century Bank 186,425 349 0.732% 197,355 (593) -1.177% 163,829 (1,385) -3.383% Sterling Bank 50,847 141 1.089% 67,040 142 0.830% 67,119 210 1.253% Net Covered Loan Portfolio 2,437,058 31,684 5.133% 2,366,185 30,834 5.143% 2,254,360 32,205 5.744% CapitalSouth Bank 350,204 4,314 4.887% 330,418 5,756 6.921% 310,676 8,311 10.762% Orion Bank 1,368,688 16,066 4.596% 1,297,899 19,153 5.783% 1,242,029 13,790 4.546% Century Bank 552,594 9,209 6.595% 529,715 3,285 2.457% 502,963 7,770 6.177% Sterling Bank 165,573 2,095 4.393% 208,153 2,641 4.854% 198,692 2,333 4.709% 3Q2010 4Q2010 1Q2011 3Q2010 4Q2010 1Q2011 |
 41 Acquisitions |
 OMNI BANCSHARES, Inc. • Announced February 22, 2011 • Adds 14 branches – nearly doubles distribution and market share in New Orleans, LA MSA • Complementary client base – enhances ability to compete and capitalize on current market dislocation • Total Loans: $525 million • Total Assets: $735 million • Total Deposits: $646 million • Total Equity: $31 million plus $15 million trust preferred • Total deal value of $40 million plus assume $24 million in trust preferred and holding company debt • Includes $51 million, pre-tax credit mark (9% of loans) • Price / Tangible Book: 1.3x • Core Deposit Premium: 1.8% • Adjusted Core Deposit Premium: 6.2% • Accretive to EPS • Slightly dilutive to TVBS • High teens IRR 42 IBERIABANK Branches OMNI Branches |
 Cameron Bancshares, Inc. 43 Cameron Branches • Announced March 11, 2011 • Adds 22 branches in Lake Charles MSA • Attractive, established client base including a favorable small business and retail client mix • Total Loans: $408 million • Total Assets: $706 million • Total Deposits: $575 million • Total Equity: $77 million • Total deal value of $133 million • Includes $25 million, pre-tax credit mark (6% of loans) • Price / Tangible Book: 1.7x • Core Deposit Premium: 13.4% • Adjusted Core Deposit Premium: 12.3% • Accretive to EPS • Slightly dilutive to TVBS • IRR in excess of 20% |
 Summary of Acquisitions 1Q11 • Total Assets of $1.4 Billion (+14%) • Securities of $0.3 Billion (+12%) • Total Loans of $0.9 Billion (+15%) • Total Deposits of $1.2 Billion (+15%) • Shareholders Equity of $0.1 Billion (+8%) • 36 Offices in 3 MSAs in Louisiana (+25%) • 497 Employees (+23%) 44 Data as of December 31 ,2010 |
 45 Markets |
 46 Markets – Local Economies Unemployment – vs. U.S. MSAs Source: U.S. Department of Labor, Bureau of Labor Statistics Consistently Low Rates Of Unemploy- ment In Our Legacy MSAs Many Of Our Legacy Markets Not Dependent On Housing For Growth Assets In FDIC- Assisted Acquisition Markets Are Protected Under Loss- Share Agreements |
 47 Markets – Local Economies Freddie Mac – Regional Prices FHLMC, “Home Values Decline in Fourth Quarter" February 28, 2011 Source: Freddie Mac Last 5-Year Housing Price Last 12 4Q10 vs. Region States Included Change Months 3Q10 Middle Atlantic NY, NJ, PA -0.6% -1.7% -4.4% New England CT, MA, ME, NH, RI, VT -11.7% -1.8% -8.8% West South Central LA, AR, TX, OK 8.4% -2.1% -9.2% East North Central IL, IN, MI, OH, WI -12.4% -2.9% -8.3% Mountain AZ, CO, ID, MT, NM, NV, UT, WY -20.0% -2.9% -16.0% West North Central IA, KS, MN, MO, ND, NE, SD -5.3% -3.7% -10.9% East South Central TN, AL, MS, KY 1.5% -3.9% -8.5% South Atlantic NC, SC, FL, GA, VA, MD, WV, DC, DE -16.9% -5.7% -10.6% Pacific CA, OR, WA, HI, AK -26.7% -6.3% -14.4% United States -12.3% -4.3% -10.1% |
 48 Markets – Local Economies Housing Price Change Vs. U.S. MSAs 48 Source: Freddie Mac, 4Q10 Data |
 49 Markets – Local Economies House Price Decline Probability Local Housing Prices Did Not Escalate Rapidly, So Little House Price “Snap- Back” According To PMI, Our Legacy Markets Have Some Of The Lowest Probabilities To Exhibit Housing Price Declines Over Next 2 Years Source: PMI Economic Real Estate Trends as of 2Q10 |
 50 Markets-Local Economies IBKC Market Demographics Source: SNL Financial - Pro Forma pending acquisitions MSA IBKC Market Rank IBKC Offices IBKC Deposits IBKC Dep Mkt. Share (%) Percent of IBKC Franchise Market Population Population Change 2000-10 (%) Projected Population Change 2010-15 (%) Median HH Income 2010 ($) HH Income Change 2000-10 (%) 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 New Orleans-Metairie-Kenner, LA 5 25 1,323,690 4.75 13.35 1,187,772 (9.78) 8.77 42,621 20.67 6.36 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 Lake Charles, LA 3 19 537,623 17.22 5.42 194,964 0.72 (0.15) 40,423 14.49 9.42 Baton Rouge, LA 5 5 381,350 2.48 3.85 789,682 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 24 2 170,942 0.77 1.72 1,325,833 10.01 4.28 51,618 30.32 11.85 TEXAS Houston-Sugar Land-Baytown, TX 83 5 52,825 0.04 0.53 6,017,013 27.60 10.46 58,086 30.07 14.35 ALABAMA 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 96.86 23,310,275 9.60 4.06 45,656 21.40 9.47 |
 51 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 35 Offices (All Types) Opened 21 New Bank Offices Opened 23 Mortgage Offices Opened 2 Title Office 13 Office Realignments |
 52 Markets – Local Economies Oil & Gas Impact Source: Bloomberg $4.23 $107.12 $- $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $- $2.00 $4.00 $6.00 $8.00 $10.00 $12.00 $14.00 $16.00 Natural Gas (Left Scale) Crude Oil (Right Scale) Natural Gas Crude Oil Natural Gas Average = $4.04 Crude Oil Average = $39.18 |
 53 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 |