 Annual Shareholders’ Meeting May 2012 Annual Shareholders’ Annual Shareholders’ Meeting Meeting May 2012 May 2012 Exhibit 99.1 |
 2 Safe Harbor Language Safe Harbor Language 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. In connection with the proposed acquisition of Florida Gulf Bancorp, Inc., IBERIABANK Corporation will file a Registration Statement on Form S-4 that will contain a proxy statement/prospectus. INVESTORS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION WHEN IT BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. Investors may obtain a free copy of the proxy statement/prospectus (when it is available) and other documents containing information about IBERIABANK Corporation and Florida Gulf Bancorp, 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 a solicitation of any vote or approval, is not an offer to purchase shares of Florida Gulf Bancorp, Inc. common stock, nor is it an offer to sell shares of IBERIABANK Corporation common stock which may be issued in the proposed merger. Any issuance of IBERIABANK Corporation common stock in the 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. |
 3 A History Of Progress A History Of Progress ******************************* ******************************* ******************************* ******************************* |
 4 Humble Beginnings A History Of Progress A History Of Progress 4 • Founded On March 12, 1887 In New Iberia, Louisiana • “Iberia Building Association” • Philosophy Was To Help Families In Financing The Purchase Of Homes And Encourage Thrift • First Home Loan Granted Was For $600 • Total Assets Of $4,341 • 111 Years Later, Surpassed The $1 Billion Asset Threshold |
 5 In Unique Company A History Of Progress A History Of Progress 5 • Over 6,000 Financial Institutions In The U.S. • 1,500 Of Which Have Their Headquarters In The Southeastern U.S. • Less Than 3% Attained 125 Years Of Continuous Operations In The southeastern U.S. • Now $12 Billion In Assets • 66 th Largest BHC In U.S. • 12 th Largest BHC In The Southeastern U.S. • First To Pay Back TARP • Since 2002, 78% Of Our Asset Growth Is A Result Of Acquisitions Commercial Banks in Southeastern U.S. Ranked By Age Age of Southeastern U.S. Commercial Banks |
       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, Etc.) Have Resided/Worked Albuquerque, NM Annapolis, MD Boston, MA Buffalo, NY Charlotte, NC Charlottetown, PE, Canada Chennai, India Cleveland, OH Columbus, OH Detroit, MI Flint, MI Hartford, CT Experience in Additional Cities: Greensboro, NC Indianapolis, IN Las Vegas, NV Mansfield, PA Morris Plains, NJ New York, NJ Pittsburgh, PA Phoenix, AZ San Diego, CA Scottsdale, AZ Wilmington, DE Broad Experience Throughout Southeastern U.S. 6 Resides in Annapolis, MD Resides in Annapolis, MD Robert M. Kottler, EVP Robert M. Kottler, EVP Director of Retail and Small Director of Retail and Small Business Business Daryl G. Byrd President and CEO Beth A. Ardoin, EVP Director of Communications George J. Becker III, EVP Director of Corporate Operations Barry F. Berthelot, EVP Director of Organizational Development Resides in Lafayette, LA Resides in New Orleans, LA Michael J. Brown, VC Chief Operating Officer Jefferson G. Parker, VC Manager of Brokerage, Trust, and Wealth and Management Anthony J. Restel, SEVP Chief Financial Officer Robert B. Worley General Counsel Resides in Raleigh, NC John R. Davis, SEVP Director of Financial Strategy and Mortgage Resides in Greensboro, NC Gregg Strader, EVP Chief Credit Officer Resides in Greensboro, GA James B. Gburek, EVP Chief Chief Risk Officer Officer Resides in Gastonia, NC H. Spurgeon Mackie, EVP Executive Credit Officer A History Of Progress A History Of Progress Where We Have Lived |
 7 • FDIC Acquisitions Completed: 5 • Assets: +$4.4 Billion • Deposits: +$3.5 Billion • Net Loans: +$1.9 Billion • Loan Discount: $515 Million • Loans Have 80%-95% FDIC Loss-Share Protection • Pre-Tax Gain: +$243 Million • Acquired 60 Offices • 10 MSAs In Alabama, Arkansas And Florida • Average Time To Complete Conversions: 121 Days • Live Bank Acquisitions Completed: 7 • Assets: +$3.5 Billion • Deposits: +$2.7 Billion • Net Loans: +$2.1 Billion • Issued $507 Million Common Equity • Acquired 84 Offices • 9 MSAs In Louisiana, Arkansas And Memphis • Average Time To Complete Conversions: 43 Days A History Of Progress A History Of Progress Completed Acquisitions Since 2002 Completed FDIC Acquisitions Completed Live Bank Acquisitions |
  8 Source: SNL Financial Deposit Data As Of June 2011 • Announced March 19, 2012 • Adds 8 Branches In Fort Myers-Cape Coral, Florida MSA • Attractive, Established Client Base Complements Our Existing Client Base • Total Loans: $262 Million • Total Assets: $350 Million • Total Deposits: $279 Million • Total Equity: $24 Million Common Stock Plus $4 Million Preferred Stock • Total Deal Value Of $35 Million For Common Stock, $4 Million For Preferred Stock Outstanding, Plus Up To Additional $4 Million Based On Performance Of Certain Acquired Loans Over 3-Year Period • Includes $28 Million, Pre-Tax Credit Mark (11% Of Loans) • Price / Tangible Book: 1.41x • Adjusted Core Deposit Premium: 4.9% • Accretive To EPS • Slightly Dilutive To TBVS • IRR In Excess Of Cost Of Capital Proposed Acquisition of Proposed Acquisition of Florida Gulf Bancorp, Inc. • IBERIABANK branches Florida Gulf branches |
 9 Branch Distribution Fort Myers - College Pointe Deposits: $92 million Fort Myers - First Street Deposits: $65 million Fort Myers - Daniels Parkway Deposits: $27 million Cape Coral - Del Prado Blvd Deposits: $21 million Fort Myers - Winkler Road Deposits: $30 million Fort Myers - Colonial Deposits: $20 million Florida Gulf Bancorp, Inc. Florida Gulf Bancorp, Inc. |
 10 *************************************************** *************************************************** *************************************************** *************************************************** *************************************************** *************************************************** Market Overview Market Overview |
     Deposit Market Share At June 30, 2011 Florida Branch And Deposit Information Reflects Pro Forma Florida Gulf Bank Acquisition Source: SNL Financial Map Reflects Locations At May 15, 2012 11 Texas 4 Bank locations 3 Non-bank locations 7 Total locations $185 million deposits #227 Rank Louisiana 79 Bank locations 30 Non-bank locations 109 Total Locations $5.1 billion deposits #5 Deposit Rank Alabama 13 Bank Locations 6 Non-bank locations 19 Total locations $500 million deposits #20 Rank Florida 50 Bank locations 12 Non-bank locations 62 Total locations $2.5 billion deposits #22 Rank Arkansas 34 Bank locations 30 Non-bank locations 64 Total locations $1.0 billion deposits #12 Rank Tennessee 3 Bank locations 1 Non-bank locations 4 Total locations $155 million deposits #113 Rank Market Overview Market Overview Our Geographic Reach |
 12 New Branch Offices Opened In 2011 Market Overview Market Overview 12 |
 13 New Branch Offices Opened in 2011 (Continued) Market Overview Market Overview 13 |
 14 New Branch Offices Opened in 2012 Market Overview Market Overview New Orleans, LA - St. Charles Avenue Baton Rouge, LA – Acadian |
 Client Growth Client Growth Client Growth |
 16 Solid Organic Loan Growth Loans Loans • $164 Million Organic Loan Growth In YTD 2012 • Counter To Industry Trends |
 17 Growth In Organic And Covered Loans Loans Loans • Organic Loan Growth Of $1.3 Billion Or 31% Since December 2009 (14% Annualized) • FDIC Covered Loan Portfolio Declined $409 Million Or -25% Since December 2009 (-11% Annualized) Sterling Bank FDIC- Assisted Acquisition $ In Millions |
 18 Loan Portfolio Summary Loans Loans • $7.5 Billion Loan Portfolio • 17% Of Loans Are Covered Under Loss- Share Agreements • Geographic Diversity • Limited Loan Concentrations • Mix Of Commercial And Retail Clients Note: Loans Net Of Purchase Discounts At March 31, 2012 |
 19 Market Expansion Loans Loans 19 • Exceptional Organic Loan Growth In: Houston New Orleans Baton Rouge Birmingham Mobile Memphis • Growth Primarily In Commercial Clients • Recent Growth In Consumer And Indirect Three-Year Loan Growth Excluding FDIC-Assisted Acquisitions 3-Year Loan Growth ($ In Millions) |
 20 Loans Loans Phenomenal Asset Quality • Many Banks Invested In Real Estate At The Top Of The Cycle • We Avoided Many Problems That Plagued The Industry • Our Results Have Consistently Been In Top 10% Of The Industry Average = 4.07% Median = 2.76% Our NPA Ratio: 0.87% Top 10% U.S. Bank Holding Companies |
 21 Deposits Deposits Strong Organic Deposit Growth • Noninterest Bearing Deposits Nearly Doubled Over The Past 15 Months • Over That Period We Grew Core Deposits By $1.2 Billion • Cost of Core Deposits Has Fallen 34 bps To 0.47% Since December 2010 Excludes Acquired Deposits $ In Millions |
 22 Market Expansion Deposits Deposits 22 • Exceptional Organic Deposit Growth In: New Orleans Birmingham Lafayette Baton Rouge • Growth In Commercial, Retail, And Small Business Clients Includes Acquisitions 3-Year Loan Growth ($ In Millions) Three-Year Core Deposit Growth (Excluding Time Deposits) |
 23 Balanced Deposit Mix Deposits Deposits • We Have A Core Funded Balance Sheet • Balanced And Diverse Deposit Portfolio: By Geography By Deposit Type By Source Note: Deposits Net Of Purchase Discounts At March 31 ,2012 |
 24 ******************************************************************************** ****************************************************************************** ******************************************************************************** ****************************************************************************** Retail Retail And Small Business And Small Business Banking Banking |
 25 Retail And Small Business Banking Retail And Small Business Banking Consumers: • New Branch And ATM Locations • Enhanced ATM, Phone, Online And Mobile Solutions • Full And Integrated Product Set Small Businesses: • Focused Bankers • Increased Lending • New Deposit And Treasury Management Products • Enhanced Online And Mobile Solutions 2011 Announced Improvements/Opportunities |
 26 Steps Completed Include: • Launched New, Improved Website • Improved Look-And-Feel Of Online Banking • Launched Mobile Banking • Launched Text Banking Next steps include: • Improved Online BillPay • Person-To-Person Payments • Bank-To-Bank Transfers • Personal Financial Management (Quicken-Like Capabilities) • Mobile Check Deposit Capture Retail And Small Business Banking Retail And Small Business Banking Digital Channel Improvements |
 27 • Launched Free Business And Choice Checking Products • New Lending Products, Including 15-year Owner Occupied Real Estate Loan • Payment Products, Including Merchant Processing And Business Credit And Purchasing Cards • Expanded Business Lending Center To Support Bankers And Branch Managers In Expanding Lending Focus Retail And Small Business Banking Retail And Small Business Banking Investments In Small Business |
 28 • Increased Marketing For Home Equity Loans And Lines • Growth In Indirect Auto Lending Business Through Expanded Dealer Relationships Consumer Lending Growth Retail And Small Business Banking Retail And Small Business Banking Total Consumer Loans $ In Millions |
 29 Implemented Programs To Drive Improved Retail/Small Business Sales Performance, Leading To Revenue Growth • New Incentive Program For Branch And Business Banking Teams Focused On Balance Growth And Fee Income • Branch And Business Banking Dashboard To Provide Visibility On Sales And Financial Performance • Quarterly Retail Performance Management (RPM) Meetings • Small Business Sales And Coaching Program For Branch Managers And Retail Market Managers Retail And Small Business Banking Retail And Small Business Banking Sales And Financial Performance |
 30 • Expanding Our Community Reinvestment Staff • Commitment To Financial Literacy • Increased Community Development, Mortgage Lending In LMI Areas And Small Business Lending • Random Acts Of Kindness Retail And Small Business Banking Retail And Small Business Banking Giving Back To Our Communities |
 31 Retail And Small Business Banking Retail And Small Business Banking • Greater Convenience Through Continued Investment In New Branches, ATMs And Online Banking And Mobile Technology • New Products Focused On Businesses, Business Owners And Consumers • Focus On Small Business - Continued Investment In New Bankers Who Can Spend More Time With Customers And Increase Lending • Continued Emphasis On Serving Our Communities Looking Ahead |
 32 ************************************************************************ ************************************************************************ ******************************************************************** IBERIA Capital Partners IBERIA Capital Partners IBERIA Wealth Advisors IBERIA Wealth Advisors IBERIA Financial Services IBERIA Financial Services |
 33 Wealth Management, Brokerage & Capital Markets Wealth Management, Brokerage & Capital Markets Why Build Fee Businesses? |
 34 IBERIA Wealth Advisors (IWA) IBERIA Wealth Advisors (IWA) From Building Infrastructure To Execution • Absorbed Operations Of Iberia Asset Management And IBERIABANK fsb Trust Under IWA Umbrella • Completed Asset Purchase From Florida Trust Company, Including $415 Million In Assets Under Management |
 35 IBERIA Wealth Advisors (IWA) IBERIA Wealth Advisors (IWA) From Building Infrastructure To Execution IWA Growth In Assets Under Management |
 36 IBERIA Capital Partners (ICP) IBERIA Capital Partners (ICP) Gaining Traction • Increased Investment Banking Activity • Consistent Growth In Institutional Brokerage Activity • Growth In Coverage Universe • Synergistic Opportunities Between Energy Research In New Orleans And Energy Lending In Houston Firms Under Coverage |
 37 IBERIA Capital Partners & IBERIA Wealth Advisors IBERIA Capital Partners & IBERIA Wealth Advisors Quarterly Trend In Revenues • Steady Progress In Revenue Growth Since Launch In 4Q10 • ICP/IWA Revenues Of $1.9 Million (+25% Vs. 4Q11) |
 38 IBERIA Financial Services (IFS) IBERIA Financial Services (IFS) Successfully Navigating Difficult Rate Environment • Revenue Continued To Be Strong Overall In 2011 • Headwinds Caused By Extremely Low Interest Rates And Poor Investor Confidence Have Slowed Business Down In The Short Term • Growth In Markets Entered During 2010 And 2011 Help To Mitigate Challenges Five-Year Treasury Rate $0 $2,000 $4,000 $6,000 $8,000 $10,000 2009 2010 2011 IFS Revenue ($ In Thousands) |
 39 39 Financials Financials Financials |
 40 Financials Financials 2011 Compared To 2010 • Revenues Up 15% • Expenses Up 23% • Margin Up 46 Bps. • Net Income Up 10% • EPS Unchanged • Stable Dividends • Assets Up 17% • Deposits Up 17% • Market Cap Down 9% • Book Value/Share Up 4% • Tangible Book Value Per Share Down 5% • Strong Organic Growth: Loans Up $533 Million (+9% Vs. 2010) Core Deposits Up $842 Million (+17% Vs. 2010) • Favorable Asset Quality Measures: NPA/Assets = 0.87% (4Q10: 0.91%) 30+ Days Past Due = 1.37% (4Q10: 1.44%) Net COs/Avg. Loans = 0.12% (2010: 0.47%) Provision = $26 Million (2010: $42 Million) • Formidable Capital Position: TCE Ratio = 9.52% (4Q10: 10.65%) Total RB Capital = 16.21% (4Q10: 19.74%) |
 41 Relatively Low Risk Balance Sheet Financials Financials 41 • 39% Of Balance Sheet In Very Low Risk Components |
 42 Between 2007 And 2011… Financials Financials 42 • $1.7 Billion In Revenues • Earned $297 Million • Earned $15.13 Per Share • Paid $115 Million In Shareholders Dividends • Dividends Equal To $5.44 Per Share (39% Payout) • Improved Asset Quality And Capital Strength • Added: +$6.8 Billion Assets +121 New Locations +1,288 Associates +$17.74 Tangible BVS +$900 Million Market Capitalization % Change Between Year-Ends 2007 And 2011 % Change In Last Four Years |
 43 Financials Financials 43 • Most Difficult Banking Crisis Since The Great Depression • 414 Financial Institutions Failed During This Period And Countless More Remain At Risk • Our Shares Outperformed Nearly All The Major Stock Indexes During This Period • Driven By Our Very Unique Position And Opportunities Share Price Performance During The Crisis % Change in Price Between 8/4/07 – 12/31/11 % Change In Price Between August 4, 2007 And December 2011 |
   44 Shareholder Return Over Last 10 Years Financials Financials 44 • The Result Has Been A Dramatic Reduction In Bank Stock Prices • In Contrast, Our Share Price Was Up 93% Over The Last 10 Years • Many Banks Slashed Or Eliminated Dividends Over That Period To Conserve Capital • Our Dividends Per Share Increased 136% Over The Last 10 Years IBKC = 149% Source: SNL And Bloomberg |
 45 Financials Financials 2011 Accomplishments • Added 12 New Branch Offices • Tremendous Organic Loan And Core Deposit Growth • Successfully Converted & Integrated OMNI Bank And Cameron State Bank • Acquired Assets Of Florida Trust Company • Completed The Build-Out Of ICP And IWA • Launched Small Business Initiative • Favorable Mortgage & Title Insurance Results • Continued To Recruit Client-Facing And Support Associates • Reduced FDIC-Covered Assets By $248 Million (16%) • Completed 8 th Share Repurchase Program ($45.98) • Continued Capital Strength And Superior Asset Quality • Launched New Website, Mobile Banking & Social Media • Set Strategic Goals For The Next 3- To 5-Year Period 45 |
 Preparing For The Next 125 Years Preparing For The Preparing For The Next 125 Years Next 125 Years |
 47 Unwavering Values And Focus Preparing For The Next 125 Years Preparing For The Next 125 Years 47 • Corporate Mission Statement Provide Exceptional Value-based Client Service Growth That Is Consistent With High Performance Shareholder-Focused Strong Sense Of Community • Significant Investments Consumer And Small Business Fee-Based Businesses Technology Treasury Management Branch and ATM Expansion |
 48 The Next 125 Years The Next 125 Years Forces Accelerating Consolidation 48 • Environmental Issues • Credit • Interest Rate • Regulatory • Legislative • Real Estate Sector • Client Issues • Deleveraging • Core Client Base Aging • Technological Change • Competitive Issues • Shadow Banks • Government Backing • Government Life Support • Future Disintermediation • Fluid Capital/Returns • Company-Specific Issues • Asset Concentration • Broken Business Models • Limited Access To Capital Number Of Banks In The U.S. |
 49 Preparing For The Next 125 Years Preparing For The Next 125 Years Our Focus • Maintain Our Unique Culture • Continue To Invest In Our People And Our Future • Enhance Retail And Small Business • Fill Out Selected Markets In Our Current Footprint • Selected Market Expansion in Southeastern U.S. • Maintain Balance And Discipline • Prepare For Changing Regulatory Environment • Maintain Top 10% In Asset Quality Measures • Work Through Acquired FDIC Loss Share Assets • Deploy Excess Capital With Favorable Returns • Improve Franchise Profitability • Carefully Manage Enterprise Risk • Provide Solid Risk-Adjusted Shareholder Returns 49 |
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 51 Appendix Appendix Unemployment Rate by Market • Consistently Low Rates Of Unemployment In Our Legacy MSAs • Many Of Our Legacy Markets Not Dependent On Housing For Growth • Significant Improvement In Many Markets • We Have FDIC Loss-Share Protection In Many Of The More Economically Challenged Markets * Markets Entered Via FDIC-Assisted Acquisitions 12.6% 9.4% 11.9% 11.8% 9.7% 9.1% 11.1% 11.5% 7.6% 8.5% 8.3% 7.4% 7.2% 7.0% 6.8% 6.5% 6.8% 6.7% 5.6% 5.0% 6.1% 7.2% 8.3% |
 52 Appendix Appendix Housing Price Trends • Impact Varies By State And Market • Very Strong Housing Markets In Louisiana, Texas, And Mississippi • Continued Weakness In Florida, Georgia, And Virginia • Some Markets In Florida Still Showing Declining Trends • We Have FDIC Loss-Share Protection Source: Local Market Monitor 4Q2011 |