Exhibit 99.1


                             FOR IMMEDIATE RELEASE
                               October 15, 2001

Contact:
Daryl G. Byrd, President and CEO  (337) 267-4458 Ext. 4708
John R. Davis, Senior Executive Vice President (919) 676-7641


     IBERIABANK Corporation Reports Seventh Consecutive Record Quarterly
                              Operating Earnings



     NEW IBERIA, LOUISIANA -- IBERIABANK Corporation (NASDAQ: IBKC), the holding
company of the 114-year-old IBERIABANK (http://www.iberiabank.com), announced
record operating earnings for the third quarter of this year. For the quarter
ended September 30, 2001, the Company earned $3.7 million, a 7% increase over
the same period in 2000. On a per share basis, the Company earned $0.59 per
diluted share, up 6% from the same period last year, meeting average analyst
expectations for the quarter ended September 30, 2001.

     Daryl Byrd, President and CEO of IBERIABANK Corporation, remarked, "Words
cannot begin to describe the horrific events of September 11, 2001. We extend
our prayers, support, and sympathy to the families and friends of those affected
by the tragedy. During periods of great strife, our nation has survived and
prospered. Our country will remain strong. Since our Company's founding in 1887,
IBERIABANK has continued to thrive through our nation's most challenging
economic periods. As evidenced by our record earnings announced today, our
Company continues to operate from a position of strength. During difficult
economic times, our employees, our clients, and our communities have risen to
the endeavor."

     Total assets at September 30, 2001, were $1.5 billion. Compared to year-end
2000, non-mortgage loans increased over $74 million, or 11% (15% growth on an
annualized basis). Total deposits grew $91 million, or 8%, over this same period
(11% growth on an annualized basis). Since year-end 2000, noninterest-bearing
deposits grew $16 million, or 12% (16% on an annualized basis).

     Return on average assets was 1.01% for the third quarter of 2001, down
slightly from 1.02% for the second quarter of 2001. Return on average equity was
10.68% for the third quarter of 2001, down slightly from 10.76% for the second
quarter of 2001. On a cash basis, ROA and ROE for the third quarter of 2001 were
1.17% and 12.44%, respectively. The net interest margin for the quarter ended
September 30, 2001, was 4.00%, up two basis points compared to a normalized
3.98% in the second quarter of