 MAKING THE MOST OF IT 4Q14 Earnings Conference Call Supplemental Presentation* January 28, 2015 Exhibit 99.2 *A complete copy of this supplemental presentation was previously furnished to the SEC on Exhibit 99.2 to a separate Current Report on Form 8-K dated January 28, 2015. |
 Safe Harbor And Legend 2 To the extent that statements in this press release and the accompanying PowerPoint presentation 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. The Company’s actual strategies, results and financial condition in future periods may differ materially from those currently expected due to various risks and uncertainties. Forward-looking statements are subject to numerous assumptions, risks and uncertainties that change over time and could cause actual results or financial condition to differ materially from those expressed in or implied by such statements. Consequently, no forward-looking statement can be guaranteed. In connection with the proposed mergers, IBERIABANK Corporation has filed or will file Registration Statements on Form S-4 that will contain proxy statement / prospectuses. INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT / PROSPECTUSES REGARDING THE PROPOSED TRANSACTIONS WHEN THEY BECOME AVAILABLE, BECAUSE SUCH DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders may obtain a free copy of the proxy statement / prospectuses (when they are available) and other documents containing information about the pending transactions with Florida Bank Group, Inc., Old Florida Bancshares, Inc. and Georgia Commerce Bancshares, Inc., without charge, at the SEC’s website at http://www.sec.gov. Copies of the proxy statement / prospectuses and the SEC filings that will be incorporated by reference in the proxy statement / prospectuses 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 common stock of Old Florida Bancshares, Inc. or Georgia Commerce Bancshares, Inc., nor is it an offer to sell shares of IBERIABANK Corporation common stock which may be issued in the proposed mergers. The issuance of IBERIABANK Corporation common stock in any 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 • Reported EPS of $1.07 (up $0.15 from 3Q14) and non-GAAP operating EPS of $1.05 (up $0.01 from 3Q14) • Tax equivalent net interest income increased $2.8 million, or 2% from 3Q14, while average earning assets increased $154 million, or 1% • Announced three acquisitions; Florida Bank Group, Inc., Old Florida Bancshares, Inc., and Georgia Commerce Bancshares, Inc. • Legacy loan growth: • Legacy deposit growth: • Net interest margin increased four bps to 3.53%, which exceeded previously disclosed guidance range of 3.45% to 3.50% • Tangible operating efficiency ratio increased to 65.9% in 4Q14 from 65.7% in 3Q14 • Tax-equivalent operating revenues up $3 million or +2% (+7% annualized) • $2.9 million income tax benefit resulting in a $0.09 per share increase in non-operating EPS Overview $489 million since September 30, 2014 (+21% annualized), including $324 million of Commercial and $165 million of Small Business and Consumer Growth in the loan portfolio was 34% Retail and Small Business and 66% Commercial $143 million since September 30, 2014 (+5% annualized) $38 million increase in non-interest bearing deposits (+5% annualized) Introductory Comments – Fourth Quarter 2014 |
 4 • Successfully completed and converted three acquisitions. Synergies better than expected and deposit attrition less than expected. • Loan growth in 18 of 21 markets and deposit growth in 17 of 21 markets. • Average asset growth of $1.6 billion in 2014, up 13% compared to 2013. • Between year-end 2013 and 2014, improvement in nearly all asset quality metrics. Strategic goal is top quartile performance throughout the planning period. • Net interest margin improved 13 basis points in 2014 to 3.51%, which exceeded previously disclosed guidance range of 3.45% to 3.50%. • Tax equivalent operating revenues increased $74 million, or 13% compared to 2013. • Operating expenses increased $17 million, or 4%, compared to 2013, resulting in positive operating leverage of 4.5 times. • Tangible operating efficiency ratio improved 600 basis points, from 74.6% in 2013 to 68.5% in 2014. The ratio improved further to 65.9% in 4Q14. Strategic goal is below 60% by 4Q16. • Operating return on average tangible common equity of 9.94% in 2014, compared to 8.48% in 2013, and 11.17% in 4Q14 (11.46% on a reported basis.) Strategic goal is 13.00% to 17.00% by 4Q16. • Reported EPS of $3.30 (up 50% from 2013) and non-GAAP operating EPS of $3.73 (up 20% from 2013). Strategic goal is double-digit percentage growth year-over-year in operating EPS throughout the planning period. Overview Introductory Comments – Year of 2014 |
 5 Overview Non-Performing Assets Trends $ in millions NPA determination based on regulatory guidance for Acquired portfolios 4Q14 includes $12 million of Bank-related properties reclassified to OREO No energy loans classified as non-performing assets at December 31, 2014 |
 6 Overview Allowance Coverage To NPAs – Legacy IBKC • 4Q14 Allowance for loan losses of $76.2 million • 4Q14 Reserve for unfunded lending commitments of $11.8 million • Legacy NPAs of $57.0 million; including approximately $12 million of OREO bank- related properties • Excluding former bank- related properties, ACL/NPAs equals 193.7% Excludes all covered and acquired assets |
 7 Financial Results Non-Interest Income – 4Q14 Components • Operating non- interest income increased $0.2 million, or less than 1%, on a linked quarter basis • Non-operating income of $0.4 million includes: • $0.2 million in gains on sales of investments • $0.2 million of other non- operating income |
 8 • Mortgage 4Q14 Non-Interest Income of $13.6 million is $0.6 million lower than 3Q14 driven by • $0.6 million lower market value adjustment gains (-$1.1million recognized in 4Q14 versus -$0.5 million in 3Q14) • $0.7 million higher hedging costs ($3.2 million in 4Q14 versus $2.5 million in 3Q14) • $0.7 million higher gains on lower sales volume (-5%) and higher sales margins (+4%) • Loan originations were up $3 million in 4Q14 to $459 million from $456 million in 3Q14 (+1%) • The pipeline plus loans held for sale at December 31 st was 13% lower than at September 30, 2014 Financial Results Mortgage Income |
 9 • Operating non- interest expense increased $2.2 million, or 2%, on a linked-quarter basis • Non-operating expense of $3.2 million includes: • $1.1 million in impairment of long-lived assets • $2.1 million of merger-related expenses Financial Results Non-Interest Expense – 4Q14 Components |
 10 Seasonal Influences |
 11 Seasonal Influences Quarterly Organic Loan Growth • First quarter of each year tends to exhibit slower loan growth than other quarters due to seasonal factors • 4Q14 organic loan growth of $489 million, +21% annualized growth • 4Q14 quarterly organic loan growth was the second strongest in company history |
 12 Seasonal Influences Capital Markets and Wealth Management • ICP revenues -36% compared to 3Q14 • IWA revenues +8% compared to 3Q14 • IFS revenues -13% compared to 3Q14 • $1.0 million decline in revenues at ICP due to lower investment banking and capital market activities income as a result of rapid decline in energy prices during 4Q14 • IWA assets under management increased $137 million (+11%) to $1.4 billion on December 31, 2014 |
 13 Seasonal Influences Payroll Taxes and Retirement Contributions Influenced by impact of Teche acquisition completed in May 2014 and First Private acquisition completed in June 2014 |
 Seasonal Influences Checking NSF Related Charges Influenced by impact of Teche acquisition completed in May 2014 14 |
 Appendix 15 |
 16 Appendix Performance Metrics – Quarterly Trends • Average earning assets up $0.2 billion (+1%) • T/E net interest income up $3 million (+2%) • Provision for loan losses of $6 million: • Legacy net charge- offs: $1.5 million (0.06% annualized rate) • Covered and acquired net charge-offs: $0.2 million (0.05% annualized rate) • Legacy provision for loan losses: $4.0 million 12/31/2013 3/31/2014 6/30/2014 9/30/2014 12/31/2014 Net Income ($ in thousands) 25,604 $ 22,395 $ 16,227 $ 30,892 $ 35,936 $ 16% Per Share Data: 0.86 $ 0.75 $ 0.53 $ 0.92 $ 1.07 $ 16% Operating Earnings (Non-GAAP) 0.87 0.73 0.89 1.04 1.05 1% Pre-provision Operating Earnings (Non-GAAP) 0.97 0.78 0.99 1.15 1.17 2% Tangible Book Value 37.17 37.59 37.30 37.83 39.11 3% Key Ratios: Return on Average Assets 0.77% 0.68% 0.46% 0.79% 0.91% 12 bps Return on Average Common Equity 6.62% 5.83% 3.99% 6.78% 7.78% 100 bps Return on Average Tangible Common Equity (Non-GAAP) 9.43% 8.36% 5.88% 10.10% 11.46% 136 bps Net Interest Margin (TE) (1) 3.52% 3.54% 3.49% 3.49% 3.53% 4 bps Tangible Operating Efficiency Ratio (TE) (1) (Non-GAAP) 69.9% 73.6% 69.9% 65.7% 65.9% 15 bps Tangible Common Equity Ratio (Non-GAAP) 8.55% 8.61% 8.44% 8.45% 8.60% 15 bps Tier 1 Leverage Ratio 9.70% 9.61% 10.00% 9.21% 9.36% 15 bps Tier 1 Common Ratio (Non-GAAP) 10.55% 10.44% 10.30% 10.32% 10.32% (0) bps Total Risk Based Capital Ratio 12.82% 12.69% 12.41% 12.40% 12.30% (10) bps Net Charge-Offs to Average Loans (2) 0.07% 0.05% 0.04% 0.09% 0.06% (3) bps Non-performing Assets to Total Assets (2) 0.61% 0.49% 0.53% 0.46% 0.41% (5) bps (1) Fully taxable equivalent basis. (2) Excluding FDIC Covered Assets and Acquired Assets. Linked Quarter %/Basis Point Change For Quarter Ended: |
 17 Appendix Performance Metrics – Yields and Costs 9/30/2014 12/31/2014 Investment Securities 2.20% 2.24% 4 bps Covered Loans, net of loss share receivable 3.07% 3.57% 50 bps Legacy Loans, net 3.97% 3.94% (3) bps Non-Covered Acquired Loans, net 6.63% 6.94% 31 bps Loans & Loss Share Receivable 4.31% 4.32% 1 bps Mortgage Loans Held For Sale 3.90% 3.95% 5 bps Other Earning Assets 0.60% 0.80% 20 bps Total Earning Assets 3.83% 3.88% 5 bps Interest-bearing Deposits 0.39% 0.41% 2 bps Short-Term Borrowings 0.17% 0.19% 2 bps Long-Term Borrowings 2.75% 2.73% (2) bps Total Interest-bearing Liabilities 0.46% 0.48% 2 bps Net Interest Spread 3.38% 3.41% 3 bps Net Interest Margin 3.49% 3.53% 4 bps (1) Earning asset yields are shown on a fully taxable-equivalent basis. For Quarter Ended: Linked Quarter Basis Point Change |
 18 Appendix Non-GAAP Cash Margin • Adjustments represent accounting impacts of purchase discounts on acquired loans and related accretion as well as the I/A and related amortization on the covered portfolio Balances, as Reported Adjustments As Adjusted 4Q13 Average Balance 11,853,896 3,929 11,857,825 Income 103,438 (2,072) 101,366 Rate 3.52% -0.03% 3.49% 1Q14 Average Balance 12,088,186 16,847 12,105,029 Income 104,408 (2,517) 101,890 Rate 3.54% -0.09% 3.45% 2Q14 Average Balance 12,687,971 30,318 12,718,289 Income 109,273 392 109,665 Rate 3.49% 0.01% 3.50% 3Q14 Average Balance 13,990,358 44,149 14,034,507 Income 121,751 (4,170) 117,581 Rate 3.49% -0.13% 3.36% 4Q14 Average Balance 14,144,762 54,669 14,199,431 Income 124,680 (6,076) 118,603 Rate 3.53% -0.18% 3.35% |
 19 Appendix Non-Interest Income Trends • Mortgage income decreased $0.6 million, or -4% • Capital markets revenue decreased $1.0 million, or -36% • Credit Card fee income increased $0.8 million, or +30% • Corporate owned life insurance income increased $1.0 million due to valuation adjustments on investments (mostly offset by an increase to non-interest expense) 4Q14 originations up 1% from 3Q14 Refinancings were 36% of production, up from 25% in 3Q14 Sales decreased 5% in 4Q14 Margins 5% higher in 4Q14 Pipeline of $137 million at quarter-end, down 19% as compared to September 30, 2014. At January 23, 2015, the locked pipeline was $200 million or +46% over December 31, 2014 3Q14 and 4Q14 includes full quarter of Teche and First Private results Non-interest Income ($000s) 4Q13 1Q14 2Q14 3Q14 4Q14 $ Change % Change Service Charges on Deposit Accounts 7,455 $ 7,012 $ 8,203 $ 10,205 $ 10,153 $ (52) $ -1% ATM / Debit Card Fee Income 2,493 2,467 2,937 3,287 3,331 44 1% BOLI Proceeds and CSV Income 900 934 934 1,047 1,050 3 0% Mortgage Income 12,356 10,133 13,755 14,263 13,646 (617) -4% Title Revenue 4,327 4,167 5,262 5,577 5,486 (91) -2% Broker Commissions 4,986 4,048 5,479 5,297 3,960 (1,337) -25% Other Noninterest Income 6,179 5,129 7,182 6,854 9,071 2,217 32% Noninterest income excluding non-operating income 38,696 33,890 43,752 46,530 46,697 167 0% Gain (Loss) on Sale of Investments, Net 19 19 8 582 164 (418) -72% Other Non-operating income - 1,772 1 - 211 211 100% Total Non-interest Income 38,715 $ 35,681 $ 43,761 $ 47,112 $ 47,072 $ (40) $ 0% 4Q14 vs. 3Q14 |
 20 Appendix Non-Interest Expense Trends • Non-interest expenses excluding non-operating items up $2.4 million, or 2%, as compared to 3Q14 • Total expenses down $0.8 million, or -1%, in 4Q14 • Severance expense down $1.1 million, mostly related to Teche acquisition • Impairment of long-lived assets down $3.1 million • Merger-related expense increased $0.2 million • Tangible Operating Efficiency Ratio of 65.9%, up from 65.7% in 3Q14 3Q14 and 4Q14 includes full quarter of Teche and First Private results Non-interest Expense ($000s) 4Q13 1Q14 2Q14 3Q14 4Q14 $ Change % Change Mortgage Commissions 3,169 $ 2,215 $ 3,481 $ 3,912 $ 4,045 $ 133 $ 3% Hospitalization Expense 3,899 3,944 3,661 4,611 4,606 (5) 0% Other Salaries and Benefits 52,108 53,582 55,921 54,898 56,784 1,886 3% Salaries and Employee Benefits 59,176 $ 59,741 $ 63,063 $ 63,421 $ 65,435 $ 2,013 $ 3% Credit/Loan Related 2,776 3,560 3,093 4,569 2,483 (2,086) -46% Occupancy and Equipment 13,971 13,775 13,918 14,580 14,526 (54) 0% Amortization of Acquisition Intangibles 1,177 1,218 1,347 1,623 1,618 (5) 0% All Other Non-interest Expense 25,328 27,328 28,744 29,771 32,146 2,375 8% Nonint. Exp. (Ex-Non-Operating Exp.) 102,428 $ 105,622 $ 110,165 $ 113,965 $ 116,208 $ 2,243 $ 2% Severance 216 119 5,466 1,226 139 (1,087) -89% Occupancy and Branch Closure Costs - 17 14 - - - 100% Storm-related expenses - 184 4 1 2 1 143% Impairment of Long-lived Assets, net of gains on sales (225) 541 1,241 4,213 1,078 (3,135) -74% Provision for FDIC clawback liability - - - (797) - 797 -100% Debt Prepayment - - - - - - 100% Termination of Debit Card Rewards Program (311) (22) - - - - 100% Consulting and Professional - - - - - - 100% Merger-Related Expenses 566 967 10,419 1,752 1,955 203 12% Total Non-interest Expense 102,674 $ 107,428 $ 127,309 $ 120,360 $ 119,382 $ (978) $ -1% Tangible Efficiency Ratio - excl Nonop-Exp 69.9% 73.6% 69.9% 65.7% 65.9% 4Q14 vs. 3Q14 Linked quarter increases/decreases of: Equity compensation expense $1.2 mil Corporate-owned life insurance expense Marketing and business development 0.5 Legal and professional fees 0.6 Credit/Loan related expense (2.1) Decreased payroll tax expense (0.5) 0.7 |
 21 Appendix Non-Operating Items (Non-GAAP) Non-operating adjustments equal to $3.2 million pre-tax or $0.02 EPS after-tax: • 4Q14 Merger related expense of $2.0 million pre-tax or $0.04 EPS after-tax • 4Q14 Severance expense of $0.1 million pre-tax or less than $0.01 EPS after-tax • Net impairment expense of $1.1 million pre-tax or $0.02 EPS after-tax • Income tax benefits of ($3.0) million or ($0.09) after tax Pre-tax After-tax (2) Per share Pre-tax After-tax (2) Per share Pre-tax After-tax (2) Per share Net Income (Loss) (GAAP) 34,779 $ 25,604 $ 0.86 $ 42,789 $ 30,892 $ 0.92 $ 45,875 $ 35,936 $ 1.07 $ Non-interest income adjustments Gain on sale of investments and other non-interest income (19) (12) (0.00) (582) (378) (0.01) (374) (243) (0.01) Non-interest expense adjustments Merger-related expenses 566 368 0.01 1,752 1,139 0.04 1,955 1,496 0.04 Severance expenses 216 141 0.00 1,226 797 0.02 139 91 0.00 (Gain) Loss on sale of long-lived assets, net of impairment (225) (146) (0.00) 4,213 2,738 0.08 1,078 701 0.02 (Reversal of) Provision for FDIC clawback liability - - - (797) (518) (0.02) - - - Other non-operating non-interest expense (311) (202) (0.01) 1 1 (0.00) 2 1 (0.00) Total non-interest expense adjustments 246 161 0.01 6,394 4,156 0.12 3,174 2,289 0.07 Income tax benefits - - - - - - - (2,959) (0.09) Operating earnings (Non-GAAP) (3) 35,006 25,752 0.87 48,602 34,671 1.04 48,675 35,023 1.05 Covered and acquired impaired (reversal of) provision for loan losses 79 51 0.00 1,692 1,100 0.03 2,474 1,608 0.05 Other (reversal of) provision for loan losses 4,621 3,004 0.10 4,022 2,614 0.08 4,021 2,614 0.08 Pre-provision operating earnings (Non-GAAP) (3) 39,706 $ 28,808 $ 0.97 $ 54,316 $ 38,385 $ 1.15 $ 55,170 $ 39,245 $ 1.17 $ (1) Per share amounts may not appear to foot due to rounding. (2) After-tax amounts estimated based on a 35% marginal tax rate. RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (1) (dollars in thousands) For The Quarter Ended December 31, 2013 September 30, 2014 December 31, 2014 Dollar Amount Dollar Amount Dollar Amount |
 22 Appendix Prior Period Adjustments • Purchase accounting adjustments represent adjustments to the fair values of loans, mortgage servicing rights, and core deposit intangibles as recorded on the acquisition date for the Teche transaction. • Correction adjustments represent recognition of timing adjustments of mortgage- related income amounts recorded in the second and third quarters. $ in thousands, except per share data As Reported Updated As Reported Updated Net Interest Income 108,979 $ 294 $ 0 $ 109,273 $ 121,041 $ 710 $ (0) $ 121,751 $ Non-Interest Income 47,963 (13) (4,189) 43,761 45,663 (38) 1,487 47,112 Non-Interest Expense 127,375 104 (170) 127,309 120,060 130 170 120,360 EPS, Diluted - GAAP 0.60 $ 0.00 $ (0.08) $ 0.53 $ 0.89 $ 0.01 $ 0.02 $ 0.92 $ EPS, Diluted - Operating (Non-GAAP) 0.96 0.00 (0.07) 0.89 1.00 0.01 0.03 1.04 Book Value per Share 53.86 $ - $ (0.09) $ 53.77 $ 54.35 $ 0.02 $ (0.05) $ 54.32 $ Tangible Book Value per Share 37.41 (0.04) (0.07) 37.30 37.91 (0.03) (0.05) 37.83 Return on Average Assets 0.53% - bps (7) bps 0.46% 0.76% 1 bps 2 bps 0.79% Return on Average Common Equity 4.56% 3 bps (60) bps 3.99% 6.52% 8 bps 18 bps 6.78% Return on Average Tangible Common Equity 6.62% 10 bps (84) bps 5.88% 9.68% 15 bps 27 bps 10.10% Net Interest Margin (TE) 3.48% 1 bps - bps 3.49% 3.47% 2 bps - bps 3.49% 2Q 2014 3Q 2014 Correction Correction Purchase Accounting Adjustment Purchase Accounting Adjustment |
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