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

4Q11 Earnings Conference Call

4Q11 Earnings Conference Call

Supplemental Materials

January 25, 2012

January 25, 2012

Exhibit 99.2

Safe Harbor Language

Safe Harbor Language

2

Introductory Comments

3

Introductory Comments

Summary –

Position

•

Stable Balance Sheet Composition

•

Very Balanced; Core Funded; Low C&D Exposure

•

Continued Good Asset Quality; Extraordinary Capital

•

Well Positioned On Interest Rates And Credit Risk

•

Favorable Capital Ratios of Bank Holding Companies With

More Than $5 Billion in Assets

•

Legacy Deposit Growth in 4Q11 And Improved Deposit Mix

•

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

4

Financial Overview

6

Financial Overview

Summary –

4Q11 and 12/31/11

•

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

•

Credit Quality Statistics Excluding FDIC Covered Assets And

Acquired Assets Marked To Fair Value:

•

NPA/Assets = 0.87% (0.89% in 3Q11)

•

30+ Days Past Due = 1.37% (1.68% in 3Q11)

•

Loan Loss Reserve/Loans = 1.24% (1.34% in 3Q11)

•

Net COs/Average Loans = 0.31% (0.12% in 3Q11)

•

Provision = $4mm ($6mm in 3Q11)

•

Reported EPS Of $0.59, Up 9% from 3Q11.  Significant Items

Impacting 4Q11 Results Include:

7

•

Bond Portfolio Gains = +$0.8mm or $0.02

•

Durbin Amendment = -$0.9mm or $0.02

•

Posting Sequencing = -$1.1mm or $0.02

•

Merger/Conversion Costs = $4.3mm or $0.10

•

Property Write-Downs = $0.8mm or $0.02

•

Revenue Bond Impairment = $0.5mm or $0.01

•

FDIC Loan Pool Impairment = $1.6mm or $0.04

Financial Overview

Favorable Balance Sheet Growth

8

Cash and

Equivalents,

5%

Investment

Securities,

17%

Mortgage

Loans Held

For Sale, 1%

Acquired

Loans -

Fair

Value, 0.2%

Loans -

FDIC

Covered, 11%

FDIC Loss

Share

Receivable,

5%

Loans -

Noncovered,

51%

Other Assets,

9%

Financial Overview

Low Risk Balance Sheet At December 31, 2011

40% Of Balance Sheet In Very Low Risk Components

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

Source: Bloomberg

as of January 20, 2012

10

Financial Overview

Mortgage Quarterly Revenues

•

Total 2011

Originations Of

$1.7 Billion

•

In 4Q11 Closed

$516mm (+2%

Vs. 3Q11)

•

In 4Q11 Sold

$495mm (+11%

Vs. 3Q11)

•

4Q11 Vs. 3Q11:

2% Decrease In

Mtg. Revenues

•

$158mm

Locked Pipeline

on 1/20/11

11

Financial Overview

Title Insurance Quarterly Revenues

•

Title &

Mortgage

Footprints

Don’t

Necessarily

Overlap

•

4Q11:

$4.8mm In

Revenues    

(-1% Vs. 

3Q11)

12

Financial Overview

Service Charges/Revenues

•

Less Reliance On

Service Charge

Income And

Consumer Fees Than

Peers

13

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

EBTX

OZRK

PBIB

IBKC

CSFL

HOMB

UCBI

SBCF

BXS

SFNC

RNST

HBHC

PFBX

FSGI

FMFC

TRMK

MSL

SBSI

CCBG

IBKC = 5%

Source: SNL

Data as of most recent quarter

Non-Interest Income Excludes Gains on Acquisitions and Investment Sales

Financial Overview

Quarterly Repricing Schedule

14

1Q12

2Q12

3Q12

4Q12

1Q13

Cash Equivalents

441.7

$             

-

$      

-

$      

-

$      

-

$      

0.62%

0.00%

0.00%

0.00%

0.00%

Investments

143.0

$             

141.6

$   

127.6

$   

103.2

$   

78.4

$    

3.14%

3.49%

3.24%

3.09%

3.38%

Loans

3,770.4

$          

426.2

$   

385.8

$   

305.7

$   

227.5

$   

3.73%

5.15%

4.88%

5.16%

5.44%

Time Deposits

564.9

$             

585.9

$   

456.5

$   

291.3

$   

126.4

$   

1.33%

1.28%

1.41%

1.10%

1.48%

Borrowed Funds

538.7

$             

20.8

$    

1.5

$      

5.8

$      

7.1

$      

0.94%

2.90%

4.00%

2.23%

3.28%

•

$1.9 Billion In Aggregate Time Deposits Repricing Over

The

Next

12

Months

At

A

Weighted

Average

Rate

Of

1.30%

Financial Overview

Interest Rate Simulations

Source: Bancware

model, as of December 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 Positive Impact Over 12 Months

15

Financial Overview

Annual Change In Stock Price

Source: Bloomberg

as of January 23, 2012

16

Financial Overview

Price Change By Index Since August 2007

Source: SNL Through January 23, 2012

17

Asset Quality

18

Asset Quality

Loan Portfolio Mix

% based on gross portfolio –

excluding discounts on

loans acquired in FDIC-assisted transactions

19

$000s

% of CRE

%

Loans

C&D-IBERIABANK

373,951

16%

5%

CRE-Owner Occupied

964,217

41%

12%

CRE-Non-Owner Occupied

1,007,049

43%

13%

Total Commercial RE

2,345,217

$        

100%

30%

Residential

4%

Home Equity

11%

Credit Card

1%

Automobile

0%

Indirect

Automobile

4%

Other Consumer

1%

Business

26%

Commercial RE

32%

FDIC Acquired

Loans

18%

All Other Loans

3%

Asset Quality

4Q11 Compared To Prior Quarters

Note: Includes FDIC Assisted Acquisitions

20

Asset Quality

Loans Past Due + Non-Accruals

** Beginning in 2011, IBERIABANK fsb was merged with IBERIABANK

21

Asset Quality

Trends

–

Entity

NPAs

&

Past

Dues

Note: Includes FDIC Assisted Acquisitions

22

Asset Quality

Trends

–

Entity

LLR

&

Net

COs

Note: Includes FDIC Assisted Acquisitions

23

Asset Quality

Loan Mix And 30 Days+ Past Due

24

Asset Quality

Asset Quality

Classified Assets

•

“Classified

Assets”

Are

Loans That Exhibit

Stress And Warrant

Close Watching

•

At December 31, 2011

Classified Assets were

$206 million

•

Our Classified Assets

As A Percentage Of

Total Assets Are Very

Low, Particularly 

Compared To Our Local

Peers

25

Source: SNL, Company Filings for  2010

IBKC Data as of December 31, 2011 -Excludes covered

loans related to FDIC-Assisted Acquisitions

Asset Quality

Loan Loss Reserve

•

Legacy IBERIABANK Credits Performing Very Well

•

Classified Assets And NPAs Remain Favorable

•

$4.3 Million Loan Loss Provision In 4Q11 (3Q11 = $6.1

Million)

•

$4.6 Million In

Net Charge-Offs

In 4Q11

Excluding FDIC

Covered and

SOP 03-3 Loans

(0.31% Of

Average Loans)

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

NPA/Adjusted Total Assets excludes FDIC covered assets

IBKC data also excludes acquired assets marked to fair value

Asset Quality

Commercial Real Estate Loan Portfolio

Excludes covered loans related to FDIC-Assisted Acquisitions

28

Asset Quality

Commercial Real Estate Loan Portfolio

Note: Includes commercial construction and land development loans

Excludes covered loans related to FDIC-Assisted Acquisitions

29

Asset Quality

Commercial Loan Composition

Note:

At

December

31,

2011;

Includes

commercial

construction

and

land

development

loans

–

excludes

Covered

Assets

30

Consumer Loan

Portfolio

31

Consumer Loan Portfolio

By Product –

Score Distribution

Note: Excludes Credit Cards

Excludes Covered Loans from FDIC Acquisitions

32

Score

Intervals

HELOC

Home

Equity

Loans

Unsecured

Lines

Unsecured

Other

Secured

Indirect

Auto

800 +

11%

14%

5%

8%

11%

11%

750 - 799

41%

36%

31%

29%

25%

28%

700 - 749

25%

23%

24%

26%

25%

23%

650 - 699

14%

15%

21%

20%

18%

19%

600 - 649

4%

6%

8%

8%

8%

9%

550 - 599

3%

4%

4%

5%

6%

5%

500 - 549

0%

2%

3%

3%

3%

3%

450 - 499

0%

1%

1%

1%

1%

1%

400 - 449

2%

0%

0%

0%

0%

0%

Other

0%

1%

2%

2%

3%

1%

Total

100%

100%

100%

100%

100%

100%

Avg. Score

744

724

730

709

701

716

Consumer Portfolio - Score Distribution By Product

Consumer

Loan Portfolio

Past Dues

By Product

•

Generally Good

And Stable Asset

Quality Across

Consumer

Products

Excludes FDIC Loss Share Covered Assets

33

Consumer Loan Portfolio

By

Product

–

Origination

Mix

34

Consumer Loan Portfolio

By

Product

–

Loan-To-Values

35

Consumer Loan Portfolio

Indirect

–

30+

Days

Past

Dues

36

Consumer Loan Portfolio

Indirect

–

Net

Charge-Offs

37

FDIC Loss Share

Performance

38

Loss Share Performance Covered

Loan Portfolio Rollforward

39

Markets

40

Markets –

Local Economies

Unemployment –

vs. U.S. MSAs

Source: U.S. Department of Labor, Bureau of Labor Statistics

41

Markets –

Local Economies

Freddie Mac –

Regional Prices

Source: Freddie Mac, FMHPI data series for 3Q2011

42

Last 5-Year

Housing

Price

Last 12

3Q11 vs.

Region

States Included

Change

Months

2Q11

West North Central

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

-5.8%

-0.8%

2.1%

East South Central

TN, AL, MS, KY

-9.3%

-1.6%

0.3%

West South Central

LA, AR, TX, OK

-4.2%

-2.4%

-7.8%

Middle Atlantic

NY, NJ, PA

-12.7%

-2.4%

0.8%

East North Central

IL, IN, MI, OH, WI

-20.0%

-2.7%

1.6%

New England

CT, MA, ME, NH, RI, VT

-16.6%

-2.9%

-1.3%

South Atlantic

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

-19.2%

-4.3%

-6.9%

Mountain

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

-25.3%

-4.9%

0.3%

Pacific

CA, OR, WA, HI, AK

-24.6%

-5.3%

-6.3%

United States

-24.8%

-4.3%

-2.8%

Markets –

Local Economies

Housing Price Change Vs. U.S. MSAs

Source: Freddie Mac, FMHPI data series for 3Q2011

43

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

44

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

45

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

46

Markets –

Local Economies

Housing

Price

Trends

–

IBKC

Markets

47

Markets –

Local Economies

House Price Decline Probability

48

Markets-Local Economies

IBKC Market Demographics

Source: SNL Financial

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 27 New Markets

•

Acquired 180 Offices (All)

•

Closed/Consolidated 57 Offices

(All Types)

•

Opened 25 New Bank Offices

•

Opened 29 Mortgage Offices

•

Opened 2 Title Office

•

13 Office Realignments

50

Markets –

Local Economies

Oil & Gas Impact

Source: Bloomberg

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

52