Exhibit 99.2 3Q12 Earnings Conference Call 3Q12 Earnings Conference Call Supplemental Presentation Supplemental Presentation October 23, 2012 October 23, 2012 |
2 Safe Harbor Language Safe Harbor Language To the extent that statements in this presentation and the accompanying press release relate to future plans, objectives, financial results or performance of IBERIABANK Corporation, these statements are deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, which are based on management’s current information, estimates and assumptions and the current economic environment, are generally identified by the use of the words “plan”, “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project” or similar expressions. IBERIABANK Corporation’s actual strategies and results in future periods may differ materially from those currently expected due to various risks and uncertainties. Actual results could differ materially because of factors such as the current level of market volatility and our ability to execute our growth strategy, including the availability of future FDIC-assisted failed bank opportunities, unanticipated losses related to the integration of, and refinements to purchase accounting adjustments for, acquired businesses and assets and assumed liabilities in these transactions, adjustments of fair values of acquired assets and assumed liabilities and of deferred taxes in acquisitions, credit risk of our customers, effects of the on-going correction in residential real estate prices and reduced levels of home sales, sufficiency of our allowance for loan losses, changes in interest rates, access to funding sources, reliance on the services of executive management, competition for loans, deposits and investment dollars, reputational risk and social factors, changes in government regulations and legislation, increases in FDIC insurance assessments, geographic concentration of our markets and economic conditions in these markets, rapid changes in the financial services industry, dependence on our operational, technological, and organizational systems or infrastructure, hurricanes and other adverse weather events, the volatility and low trading volume of our common sock, and valuation of intangible assets. These and other factors that may cause actual results to differ materially from these forward-looking statements are discussed in the Company’s Annual Report on Form 10-K and other filings with the Securities and Exchange Commission (the “SEC”), available at the SEC’s website, http://www.sec.gov, and the Company’s website, http://www.iberiabank.com, under the heading “Investor Information.” All information in this presentation and the accompanying press release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform to the statement to actual results or changes in the Company’s expectations. Certain tabular presentations may not reconcile because of rounding. |
33 • Stable net interest margin; tax-equivalent revenues up $8 million, or 6% (24% annualized) • Organic loan growth: • Core deposit growth: • Good growth in service charge income and fee income businesses • Service Charges – 5% increase over 2Q12 • Mortgage – highest quarter production level in our Company’s history • Title – highest quarterly revenue in past 5 years • Capital Markets – anticipate a very good fourth quarter of 2012 • Process improvement initiative • Closing ten branches – to date closed four of ten • Staff efficiency improvement • Retail/Business Banking sales effectiveness • Risk adjusted profitability and risk management Introductory Comments Introductory Comments Third Quarter 2012 – Core Performance $329 million since June 30, 2012 (+20% annualized) $821 million since year-end 2011 (+18% annualized) $273 million since June 30, 2012 (+15% annualized) $699 million since year-end 2011 (+14% annualized) |
4 • Florida Gulf acquisition: • 3Q12 asset quality ratios (NPAs, past dues, classified assets, and net charge-offs) were strong and stable • Provision for 3Q12 of $4.1 million (down $4.8 million, or 54%, compared to 2Q12); reflects recognition of $1.3 million in FDIC impairment and $1.5 million credit impairment from non-covered acquired loans • Fabulous client growth in multiple markets • Our investments in markets and businesses are showing very good progress Introductory Comments Introductory Comments Third Quarter 2012 – Initiatives 4 Consummated on July 31, 2012 Branch and operating system conversion completed over weekend of August 18-19, 2012 Acquisition and conversion costs of $4.8 million ($1.0 million below projection) |
5 Financial Overview Financial Overview Performance Metrics – Yields and Costs • Investment yield declined 18 bps due to prepayment speeds and reinvesting cash flows at lower yields • Net covered loan yield up 19 bps as base yield improved • Non-covered loan yield down 13 bps • Deposit costs declined 7 bps; continued future re- pricing opportunities (next slide) • Average noninterest bearing deposits up $133 million (+8%) • Spread held flat and margin declined 1 basis point to 3.58% 6/30/2012 9/30/2012 Investment Securities 2.40% 2.22% (18) bps Covered Loans & Loss Share Receivable 5.23% 5.42% 19 bps Noncovered Loans 4.68% 4.55% (13) bps Loans & Loss Share Receivable 4.80% 4.71% (9) bps Mortgage Loans Held For Sale 3.64% 3.21% (43) bps Other Earning Assets 0.84% 0.85% 1 bps Total Earning Assets 4.20% 4.14% (6) bps Interest Bearing Deposits 0.65% 0.58% (7) bps Short-Term Borrowings 0.24% 0.21% (3) bps Long-Term Borrowings 3.07% 3.10% 3 bps Total Interest Bearing Liabilities 0.76% 0.69% (7) bps Net Interest Spread 3.45% 3.45% 0 bps Net Interest Margin 3.59% 3.58% (1) bps * Earning asset yields are shown on a fully taxable equivalent basis. %/Basis Point Change For Quarter Ended: |
6 Financial Overview Financial Overview Quarterly Repricing Schedule • $1.6 Billion in time deposits re-price over next 12 months at weighted average 0.78% rate • During 3Q12, new and re-priced time deposits were booked at an average cost of 0.57% $ in millions Note: Amounts exclude repricing of assets and liabilities from prior quarters 4Q12 1Q13 2Q13 3Q13 4Q13 Cash Equivalents Balance 474.9 $ - $ - $ - $ - $ Rate 0.58% 0.00% 0.00% 0.00% 0.00% Investments Balance 116.4 $ 120.8 $ 154.0 $ 128.6 $ 111.6 $ Rate 3.29% 3.14% 2.74% 3.02% 3.02% Loans Balance 4,032.3 $ 428.1 $ 437.1 $ 373.4 $ 311.0 $ Rate 3.74% 5.07% 5.12% 5.18% 4.10% Time Deposits Balance 541.7 $ 380.8 $ 362.7 $ 299.7 $ 124.6 $ Rate 0.79% 0.84% 0.70% 0.80% 1.22% Borrowed Funds Balance 665.1 $ 7.1 $ 37.7 $ 2.3 $ 1.0 $ Rate 0.80% 3.28% 3.44% 4.48% 4.28% |
7 Financial Overview Financial Overview Interest Rate Risk Simulations Source: Bancware model, as of September 30, 2012 * Assumes instantaneous and parallel shift in interest rates • Slightly asset sensitive 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 Base Blue Forward Change In: -200 bp* -100 bp* Case +100 bp* +200 bp* Chip Curve Net Interest Income -0.2% -0.1% 0.0% 3.0% 6.8% 0.2% 0.7% Economic Value of Equity -1.7% -0.9% 0.0% 9.0% 13.4% 0.0% -0.3% |
8 Financial Overview Financial Overview Performance Metrics – Quarterly Trends • Stable margin • Average earning assets up $333 million (+3%) • T/E net interest income up $4 million (+4%) • Provision of $4 million: • Net charge-offs: $1.9 million • Covered loan provision: $1.3 million • Non-covered acquired loan provision: $1.5 million • Organic loan provision: $1.2 million • Legacy asset quality measures remained stable in 3Q12 • Strong capital position compared to peers • Repurchased 805,120 shares at average cost of $47.35 per share • A total of 46,692 shares remain under current authorized program 9/30/2011 12/31/2011 3/31/2012 6/30/2012 9/30/2012 Net Income ($ in thousands) 16,347 $ 17,357 $ 19,393 $ 12,560 $ 21,234 $ 69% Per Share Data: Fully Diluted Earnings 0.54 $ 0.59 $ 0.66 $ 0.43 $ 0.73 $ 71% Operating Earnings (Non-GAAP) 0.70 0.69 0.62 0.54 0.83 55% Pre-provision Operating Earnings (Non-GAAP) 0.83 0.78 0.68 0.73 0.92 26% Tangible Book Value 36.41 36.80 37.23 37.28 37.07 -1% Key Ratios: Return on Average Assets 0.56% 0.59% 0.67% 0.43% 0.69% 26 bps Return on Average Common Equity 4.31% 4.65% 5.21% 3.36% 5.56% 220 bps Return on Average Tangible Common Equity (Non-GAAP) 6.22% 6.72% 7.43% 4.86% 7.91% 305 bps Net Interest Margin (TE)* 3.58% 3.62% 3.59% 3.59% 3.58% (1) bps Tangible Efficiency Ratio (TE)* (Non-GAAP) 75.0% 75.2% 74.6% 78.2% 74.3% (393) bps Tangible Common Equity Ratio 9.64% 9.52% 9.64% 9.37% 9.01% (36) bps Tier 1 Leverage Ratio 10.42% 10.45% 10.51% 10.42% 10.01% (41) bps Tier 1 Common Ratio (Non-GAAP) 13.90% 13.55% 13.48% 12.97% 12.04% (93) bps Total Risk Based Capital Ratio 16.61% 16.20% 16.10% 15.54% 14.54% (100) bps Net Charge-Offs to Average Loans** 0.12% 0.31% 0.09% 0.07% 0.11% 4 bps Nonperforming Assets to Total Assets** 0.89% 0.87% 0.83% 0.84% 0.81% (3) bps * Fully taxable equivalent basis. ** Excluding FDIC Covered Assets and acquired impaired loans. For Quarter Ended: %/Basis Point Change |
9 Financial Overview Financial Overview Low Risk Balance Sheet At September 30, 2012 35% Of Balance Sheet In Very Low Risk Components 9 Cash and Equivalents, 5% Investment Securities, 16% Mortgage Loans Held For Sale, 2% Acquired Loans - Fair Value, 0.6% Loans - FDIC Covered, 9% FDIC Loss Share Receivable, 3% Loans - Noncovered, 56% Other Assets, 9% |
10 Financial Overview Financial Overview Non-Interest Income Trends • Continued rebound in service charge income (+5%) • Strong mortgage loan income continued • Title insurance revenue up 5% • IBERIA Financial Services Revenues up 7% Originations up 20% Sales up 26% Margins improved Revenue up 28% Small buyback costs Pipeline stable during the quarter and increased in October Noninterest Income ($000s) 4Q11 1Q12 2Q12 3Q12 $ Change % Change Service Charges on Deposit Accounts 6,613 $ 5,980 $ 6,625 $ 6,952 $ 327 $ 5% ATM / Debit Card Fee Income 1,997 2,024 2,166 2,377 211 10% BOLI Proceeds and CSV Income 899 951 905 916 11 1% Gain on Sale of Loans, Net 13,173 13,619 18,078 23,085 5,007 28% Gain (Loss) on Sale of Investments, Net 793 2,836 901 41 (860) -95% Title Revenue 4,846 4,533 5,339 5,623 284 5% Broker Commissions 2,457 3,060 3,102 3,092 (10) 0% All Other Noninterest Income 4,677 4,393 4,578 4,467 (111) -2% Total Noninterest Income 35,455 $ 37,396 $ 41,694 $ 46,553 $ 4,859 $ 12% 3Q12 vs. 2Q12 |
11 Financial Overview Financial Overview Non-Interest Expense • Process improvement initiatives expense in 3Q12 totaling $1.6 million: Branch closure costs ($0.3 million) Consulting/professional ($0.6 million) Severance ($0.7 million) • One-time merger-related expense of $3.0 million for Florida Gulf conversion • Mortgage commission growth due to volume increase in loan production • Compensation increase due to Houston and other revenue producers • One-time occupancy costs: Hurricane Isaac cost of $73,000 Facility termination cost of $110,000 • Total expenses were flat in 3Q12, excluding Florida Gulf operating expenses Noninterest Expense ($000s) 4Q11 1Q12 2Q12 3Q12 Florida Gulf 3Q12 Ex- FL Gulf $ Change % Change Mortgage Commissions 3,922 $ 3,229 $ 5,612 $ 6,006 $ - $ 6,006 $ 394 $ 7% Hospitalization Expense 3,349 3,817 3,404 3,773 - 3,773 369 11% Other Salaries and Benefits 44,039 47,522 48,011 49,270 602 48,667 656 1% Salaries and Employee Benefits 51,310 $ 54,568 $ 57,028 $ 59,049 $ 602 $ 58,447 $ 1,419 $ 2% Credit/Loan Related 4,094 4,027 4,835 4,846 36 4,810 (25) -1% Occupancy and Equipment 12,498 12,677 12,852 13,500 193 13,306 454 4% Amortization of Acquisition Intangibles 1,384 1,290 1,289 1,287 - 1,287 (2) 0% All Other Noninterest Expense 25,987 26,373 27,105 26,611 122 26,489 (616) -2% Nonint. Exp. (Ex-Non-Operating Exp.) 95,272 $ 98,935 $ 103,109 $ 105,293 $ 955 $ 104,339 $ 1,230 $ 1% Severance 206 219 1,053 712 - 712 (341) -32% Branch Closure Costs - - 2,743 284 - 284 (2,459) -90% Consulting and Professional 193 220 1,661 574 - 574 (1,087) -65% Nonint. Exp. Excluding Merger-Related 95,671 $ 99,374 $ 108,566 $ 106,864 $ 955 $ 105,909 $ (2,657) -2% Merger-Related Expenses 4,055 $ 500 $ 456 $ 2,985 $ - $ 2,985 2,529 554% Total Noninterest Expense 99,726 $ 99,873 $ 109,022 $ 109,848 $ 955 $ 108,894 $ (128) 0% Tangible Efficiency Ratio - excl Nonop Exp 72.2% 75.5% 74.4% 71.2% 3Q12 Ex-FL Gulf vs. 2Q12 |
12 Financial Overview Financial Overview Non-Operating Items – 3Q12 • Acquisition and conversion-related costs of $3.0 million in 3Q12 ($0.07 EPS) • 3Q12 Severance, branch closure, and professional expenses of $1.6 million ($0.04 EPS) • 3Q12 FDIC covered loan losses of $1.3 million ($0.03 EPS) • 3Q12 Losses on acquired non-covered impaired loans of $1.5 million ($0.03 EPS) Pre-tax After-tax Per share Pre-tax After-tax Per share Pre-tax After-tax Per share Net Income (GAAP) 22,398 $ 16,347 $ 0.54 $ 16,949 $ 12,560 $ 0.43 $ 29,378 $ 21,234 $ 0.73 $ Merger-related expenses 4,259 2,769 0.09 456 296 0.01 2,985 1,940 0.07 Severance expenses 1,601 1,041 0.03 1,053 685 0.02 712 463 0.02 Branch closure expenses - - - 2,743 1,783 0.06 284 185 0.01 Professsional expenses 291 189 0.01 1,661 1,080 0.04 574 373 0.01 Litigation settlement (250) (163) (0.00) - - - - - - Gain on sale of investments (1,206) (784) 0.03 (901) (586) (0.02) (41) (27) (0.00) Operating earnings (Non-GAAP) 27,094 19,399 0.70 21,961 15,818 0.54 33,892 24,168 0.83 Covered loan provision for loan losses (175) (114) (0.00) 1,435 933 0.03 1,300 845 0.03 Acquired loan provision for loan losses - - - 3,189 2,073 0.07 1,509 981 0.03 Other provision for loan losses 6,302 4,096 0.13 4,271 2,776 0.09 1,244 809 0.03 Pre-provision operating earnings (Non-GAAP) 33,221 $ 23,381 $ 0.82 $ 30,856 $ 21,600 $ 0.73 $ 37,945 $ 26,803 $ 0.92 $ Dollar Amount Dollar Amount Dollar Amount RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (dollars in thousands) For The Quarter Ended September 30, 2011 June 30, 2012 September 30, 2012 |
13 • Improve long-term operating efficiency, risk- adjusted profitability, and long-term growth prospects of franchise Long Term Initiatives Long Term Initiatives Third Quarter 2012 Outside professionals and dedicated internal resources Closing branches, staff reductions, process improvements 3Q12 cost of $1 million and $0.03 EPS 4Q12 cost of $2 million and $0.03 EPS Benefit of $6 million annually, or $0.13 EPS Expect acquisition and conversion related costs of approximately $1 million pre-tax in 4Q12 $ in millions Expenses 2Q12 3Q12 4Q12 1Q13 Total Branch Closure Cost - Phase 1 2.7 $ 0.3 $ 0.8 $ - $ 3.8 $ Branch Closure Cost - Phase 2 0.3 0.3 0.6 $ Severance Expense - Phase 1 1.0 0.4 0.1 - 1.5 $ Severance Expense - Phase 2 0.1 0.1 0.2 $ Professional Services 1.7 0.6 0.3 0.1 2.7 Total Expense 5.4 $ 1.3 $ 1.6 $ 0.5 $ 8.8 $ Benefits 2Q12 3Q12 4Q12 1Q13 Full Year 2013 Facilities Expense - Phase 1 0.0 $ 0.2 $ 0.2 $ 0.9 $ Salary and Benefits - Phase 1 0.4 0.7 0.6 2.5 Facilities Expense - Phase 2 0.4 Salary and Benefits - Phase 2 0.3 Other 0.7 0.8 0.4 1.8 Total Benefits 1.1 $ 1.6 $ 1.2 $ 5.9 $ 2Q12 3Q12 4Q12 1Q13 Total Merger Related Expenses 0.5 $ 3.0 $ 1.0 $ - $ 4.5 $ |
14 Asset Quality Asset Quality Reported and Non-Covered Portfolio Trends Non-Covered Portfolio excludes the impact of all FDIC-assisted acquisitions and acquired impaired loans from OMNI , Cameron, and Florida Gulf ($thousands) 1Q12 2Q12 3Q12 1Q12 2Q12 3Q12 Nonaccruals 677,619 $ 625,939 $ 567,153 $ 61,160 $ 66,545 $ 66,348 $ OREO & Foreclosed 126,657 129,917 129,173 17,740 18,681 18,467 90+ Days Past Due 7,320 8,270 5,539 3,338 1,275 3,786 Nonperforming Assets 811,596 $ 764,126 $ 701,865 $ 82,238 $ 86,501 $ 88,601 $ NPAs/Assets 6.88% 6.30% 5.60% 0.83% 0.84% 0.81% NPAs/(Loans + OREO) 10.67% 9.71% 8.40% 1.33% 1.33% 1.26% LLR/Loans 2.37% 2.42% 2.45% 1.21% 1.19% 1.10% Net Charge-Offs/Loans 0.09% 0.06% 0.10% 0.09% 0.07% 0.11% Past Dues: 30-89 Days Past Due 35,228 $ 46,391 $ 59,063 $ 15,429 $ 16,833 $ 21,029 $ 90+ days Past Due 7,320 8,270 5,539 3,338 1,275 3,786 Nonaccual Loans 677,619 625,939 567,153 61,160 66,545 66,348 Total 30+ Past Dues 720,167 $ 680,600 $ 631,755 $ 79,927 $ 84,653 $ 91,163 $ % Loans 9.63% 8.80% 7.68% 1.29% 1.30% 1.30% Total Portfolio Non-Covered Portfolio (excl. Acquired impaired loans) |
15 Asset Quality Asset Quality Commentary For Quarter Ending June 30, 2012 Asset Quality Summary Excludes FDIC covered assets and acquired impaired loans • Total criticized loans equal $395 million (29% of Tier1 capital plus ALLL); $248 million in classified and $147 million special mention • TDRs equal $21.8 million (0.3% of total loans) • 3Q12 Provision expense for this portfolio was $1 million – down $3 million compared to 2Q12 ($ thousands) 9/30/2011 6/30/2012 9/30/2012 Year/Year Qtr/Qtr Nonperforming Assets 89,791 $ 86,501 $ 88,601 $ -1% 2% Past Due Loans 97,660 84,653 91,164 -7% 8% Classified Assets 196,537 200,872 247,923 26% 23% Nonperforming Assets/Assets 0.89% 0.84% 0.81% (8) (3) NPAs/(Loans + OREO) 1.57% 1.33% 1.26% (31) (7) Classified Assets/Total Assets 2.09% 1.94% 2.28% 19 34 (Past Dues & Nonaccruals)/Loans 1.70% 1.30% 1.30% (40) (0) Provision For Loan Losses 6,302 $ 4,271 $ 1,244 $ -80% -71% Net Charge-Offs/(Recoveries) 1,711 1,102 1,923 12% 74% Provision Less Net Charge-Offs 4,592 $ 3,169 $ (679) $ -115% -121% Net Charge-Offs/Average Loans 0.12% 0.07% 0.11% (1) 4 Reserve For Loan Losses/Loans 1.34% 1.19% 1.10% (24) (9) %/Basis Point Change For Quarter Ended: |
16 Markets Markets Loan Growth • Organic loan growth of $1.9 billion or 47% since December 2009 (17% annualized) • FDIC covered loan portfolio declined $531 million or -32% since December 2009 (-12% annualized) Sterling Bank FDIC- Assisted Acquisition $ in millions * Organic loan growth excludes loans acquired in non-covered transactions (e.g OMNI , Cameron, and Florida Gulf) -$150 -$100 -$50 $0 $50 $100 $150 $200 $250 $300 $350 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 $64 $58 $43 $173 $149 $257 $109 $262 $164 $329 $329 Organic Loan Growth * Covered Loan Portfolio |
17 Markets Markets Loan Originations 3Q12 –Top Markets $ in millions • $1 billion in total funded loans and unfunded loan commitments originated in 3Q12 • Tremendous growth in Houston • Recently added new team members in Houston • Exceptional growth in other markets in which we have invested heavily $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 $200 Little Rock Mobile Lafayette Memphis Baton Rouge Birmingham New Orleans Houston Loan Commitments Loan Fundings $35 $35 $57 $87 $90 $192 $153 $105 |
18 Markets Markets Net Loan Growth 3Q12 –Top Markets $ in millions • Diversified strength throughout our franchise • Strong growth net of loan pay- downs • Strongest markets are Houston and New Orleans • Small business lending is a potential growth engine $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Mobile Montgomery Birmingham Naples Baton Rouge Memphis New Orleans Houston $12 $12 $28 $33 $35 $90 $71 $42 Loan Growth |
19 • Organic core deposit growth of $1.5 billion or 30% since December 2010 (17% annualized) • Organic non- interest bearing deposit growth of $622 million or 71% since December 2010 (40% annualized) • Cost of core deposits has fallen 36 bps to 0.32% since December 2010 Excludes acquired deposits Markets Markets Organic Deposit Growth $ in millions -$300 -$200 -$100 $0 $100 $200 $300 $400 Mar-11 Jun-11 Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Non-Interest Bearing Other Core Deposits Time Deposits $184 $217 $159 $281 $333 $93 $273 |
20 Markets Markets Core Deposit Growth 3Q12 –Top Markets $ in millions • Balanced core deposit growth • Strength in legacy franchise and newer markets • Deposit pricing remains favorable $0 $10 $20 $30 $40 $50 $60 $70 $80 $90 Mobile Shreveport Birmingham Baton Rouge Little Rock Lafayette Houston New Orleans $13 $16 $21 $23 $34 $45 $52 $81 Core Deposit Growth |
21 Markets Markets Non-Interest Bearing Deposit Growth $ in millions • Since 2010, total non interest bearing deposits have increased $973 million or 111% (40% annualized rate) • $200 million increase in 3Q12 or 12% (48% annualized) • Top 3Q12 growth markets include New Orleans, Lafayette, Little Rock, Houston and Shreveport 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 11% 12% 15% 15% 16% 17% 18% 19% Non Interest Bearing/Total Deposits |
22 Markets Markets 3Q12 Highlights • Exceptional loan and deposit growth continues • Non-FDIC loan growth of $329 million came from a number of markets and in both commercial and retail markets • Houston, New Orleans, Birmingham, and Memphis showed strong commercial growth – concentrated in our C&I clients • Commercial loans originated and funded in 3Q12 totaled $472 million with a mix of 47% fixed and 53% floating ($711 in commercial loan commitments during the quarter) • Strong commercial pipeline of over $555 million at quarter-end • Retail growth driven by increases in indirect lending and home equity lines of credit – arising from recent changes in this business • Period-end core deposit growth of $273 million, with non-interest bearing deposits up $143 million ($132 million linked quarter growth on an average balance basis). |
23 Retail and Small Business Retail and Small Business 3Q12 Progress • Since June 30, 2012, we opened two new branch locations, including Center Street in downtown Little Rock, Arkansas, and our first branch in Denham Springs, near Baton Rouge, Louisiana • Closed four of the 10 branches planned for the second half of 2012 and consolidated one branch in the 3Q 2012 • Enhanced IBKC’s digital banking tools to better serve clients: • Completed Image Deposit Taking Capabilities On ATMs • Improved on-line banking application with the launch of bank-to-bank transfers and rollout of Direct Connect for Quicken® and QuickBooks® users • Experienced increases in both new small business clients and checking account openings in 3Q12 • Continued focused effort on consumer lending business through home equity and indirect auto product marketing |
24 Wealth And Capital Markets Wealth And Capital Markets 3Q12 Progress • ICP/IWA revenues of $1.9 million (down 7% compared to 2Q12) • IWA assets under management decreased 2%, to $902 million at September 30, 2012 • ICP brokerage commission continued to grow, while investment banking activity slowed in 3Q12 • Research coverage on 57 public energy companies • IFS revenue up 7%, to $2.3 million, compared to 2Q12 Total Quarterly Revenues $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 |
25 Appendix Appendix |
26 Appendix Appendix FDIC Covered Loan Portfolio Roll Forward 26 Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Covered Loans 1,350,935 55,518 16.139% 1,293,160 52,019 15.968% 1,218,933 51,150 16.661% 1,153,954 55,400 18.878% Mortgage Loans 218,922 4,799 8.768% 211,640 4,946 9.347% 196,969 5,128 10.414% 169,580 5,306 12.517% Indirect Automobile - - 0.000% - - 0.000% - - 0.000% (0) - 0.000% Credit Card 957 15 6.246% 901 14 6.199% 862 14 6.629% 853 14 6.746% Consumer 162,815 3,701 9.019% 155,406 3,895 10.080% 150,236 4,324 11.577% 149,877 5,282 14.020% Line Of Credit-Consumer Loans 79,220 2,502 12.528% 75,164 2,927 15.663% 72,370 2,953 16.410% 72,598 3,462 18.971% Commercial & Business Banking 889,481 44,502 19.581% 850,519 40,238 18.719% 798,767 38,731 19.186% 761,048 41,335 21.257% Loans in Process (461) - 0.000% (469) - 0.000% (272) - 0.000% (3) - 0.000% Overdrafts 0 - 0.000% 0 - 0.000% 0 - 0.000% 0 - 0.000% FDIC Loss Share Receivable 592,985 (29,255) -19.305% 573,776 (27,927) -19.255% 508,443 (28,484) -22.163% 448,746 (33,488) -29.201% Net Covered Loan Portfolio 1,943,920 26,263 5.327% 1,866,937 24,092 5.142% 1,727,375 22,666 5.234% 1,602,700 21,912 5.416% Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Average Income / Expense Average Yield Covered Loans 1,350,935 55,518 16.139% 1,293,160 52,019 15.968% 1,218,933 51,150 16.661% 1,153,954 55,400 18.878% CapitalSouth Bank 209,043 14,372 26.967% 198,491 6,203 12.416% 187,742 7,077 14.966% 169,584 6,480 15.034% Orion Bank 734,021 29,565 15.817% 710,111 34,820 19.448% 673,068 33,586 19.801% 651,176 35,154 21.221% Century Bank 281,888 5,261 7.387% 264,864 6,697 10.080% 255,610 6,134 10.080% 244,874 8,047 12.967% Sterling Bank 125,983 6,319 19.631% 119,694 4,299 14.239% 102,513 4,353 16.829% 88,322 5,718 25.371% FDIC Loss Share Receivable 592,985 (29,255) -19.305% 573,776 (27,927) -19.255% 508,443 (28,484) -22.163% 448,746 (33,488) -29.201% CapitalSouth Bank 56,241 (8,707) -60.581% 49,433 (1,917) -15.338% 44,503 (3,285) -29.204% 40,443 (3,213) -31.088% Orion Bank 355,317 (16,430) -18.095% 349,685 (21,626) -24.466% 306,347 (21,149) -27.311% 271,457 (22,983) -33.130% Century Bank 137,868 (761) -2.160% 136,205 (2,380) -6.913% 119,445 (1,911) -6.329% 101,167 (3,875) -14.987% Sterling Bank 43,559 (3,357) -30.153% 38,453 (2,004) -20.621% 38,148 (2,139) -22.181% 35,680 (3,417) -37.472% Net Covered Loan Portfolio 1,943,920 26,263 5.327% 1,866,937 24,092 5.142% 1,727,375 22,666 5.234% 1,602,700 21,912 5.416% CapitalSouth Bank 265,284 5,665 8.406% 247,924 4,286 6.882% 232,245 3,792 6.493% 210,027 3,267 6.133% Orion Bank 1,089,338 13,135 4.756% 1,059,796 13,194 4.952% 979,415 12,436 5.033% 922,633 12,171 5.160% Century Bank 419,756 4,500 4.252% 401,069 4,317 4.309% 375,055 4,224 4.495% 346,041 4,173 4.766% Sterling Bank 169,542 2,963 6.841% 158,148 2,294 5.763% 140,661 2,214 6.236% 124,002 2,301 7.255% 4Q2011 1Q2012 4Q2011 2Q2012 3Q2012 1Q2012 2Q2012 3Q2012 |