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1Q08 Earnings Conference Call Supplemental Materials April 22, 2008

1Q08 Earnings Conference Call Supplemental Materials April 22, 2008.

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1Q08 Earnings Conference Call Supplemental Materials April 22, 2008

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  1. 1Q08 Earnings Conference CallSupplemental MaterialsApril 22, 2008

  2. 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. Forward Looking StatementsSafe Harbor

  3. Introductory Comments

  4. Exceptional Deposit Growth (Campaign-Driven) Loan Growth Tempered By Credit Card Sale $6.9 Million Pre-Tax Gain On $30MM Credit Card Sale $2.7 Million Loan Loss Provision In 1Q08 Small Construction Exposure Continuing To Decline Seasonal Businesses Influencing 1Q08 Results Expenses Well Contained And Well Capitalized Margin Compression: Deposit Campaign & Others Shifted To Become Slightly Asset Sensitive Introductory CommentsSummary

  5. One Of Oldest Banks In LA - March 12, 1887 Favorably Positioned For Interest Rate Moves Positioned Well For Mortgage Refinancing Wave No Toxic Investments Stable And Countercyclical Markets Favorable Competitive Dynamics Extremely Small C&D Exposure Taking Corrective Action Early & Aggressively Delivering On Long-Term Investments Growth Opportunities Introductory CommentsDistinctively Different

  6. Introductory CommentsChange In Stock Price Source: Stifel Nicolaus, As Of April 18, 2008

  7. Asset Quality

  8. Asset QualityPulaski Builder Exposure

  9. Asset Quality1Q08 Compared To 4Q07

  10. Asset QualityTrends – Entity NPAs & Past Dues

  11. Asset QualityTrends – Entity LLR & Net COs

  12. Asset QualityLoan Mix And 30 Days+ Past Due

  13. Asset QualityLegacy – Classified Assets Note: Classified Assets Include Substandard, Doubtful and Loss

  14. Asset QualityLoan Loss Reserve • $1.8 Million In Net Charge-Offs In 1Q08 (0.21% Loans) & $1.0 Million For Change In Asset Quality • No Provision Need For Loan Growth Due To Credit Card Sale • Louisiana Franchise – Improved Situation • 85% Of LA Loan Portfolio Is In South Louisiana • South Louisiana Credits Performing Very Well • Classified Assets And NPAs Remain Strong • $0.7 Million Loan Loss Provision In 1Q08 (4Q07 = $1.5 Million) • Pulaski Franchise – Mixed Situation • Most Of Loan Portfolio Is In Very Good Shape • Construction Portfolio Remains Soft • Aggressively Addressing Potential Problems • $2.0 Million Loan Loss Provision in 1Q08 (4Q07 = $2.1 Million)

  15. Asset QualityC&D Loans Compared To Peers • One Of The Lowest Levels Of C&D Loan Exposure Compared To Peers • One Of The Highest Levels Of C&D Nonaccrual Loans • Addressing C&D Exposure Assertively Source: SNL, using most recent quarterly information

  16. Asset QualityConsumer Portfolio • 75% Of Home Equity Portfolio Is In The Acadiana Area • Average FICO Score = 710 • 30 Days Or More Past Due As % Total Loans = 1.25% • 1Q08 Production: • 800 Loans • $53 Million • FICO Score = 751 • Average LTV = 66%

  17. Asset QualityCommercial Real Estate Portfolio Note: Includes commercial construction and land development loans

  18. Asset QualityOwner-Occupied CRE By Industry

  19. Financial Overview

  20. Financial OverviewFavorable Balance Sheet Growth • Loans +$48mm, +1% • Deposits +$107mm +3% • Loan/Deposits = 90% • Equity +$22mm, +5% • Equity/Assets = 9.97% • Tier 1 Leverage = 7.46% • Div Payout = 33% • ROA = 1.08% • ROE = 10.46% • ROTE = 21.48% • Efficiency Ratio = 62.2% • Tang Eff. Ratio = 59.7% • BV/Share = $39.76 • Tang BV/Share = $19.58

  21. Financial OverviewInterest Rate Simulations Source: Bancware model, as of March 31, 2008 • As Rates Have Fallen, Become Slightly Asset Sensitive • Degree Is A Function Of The Reaction Of Competitors To Changes In Deposit Pricing • Forward Curve Has Little Projected Impact Over 12 Months

  22. Financial OverviewRecent Rate Movements • Declining Interest Rate Environment • Futures Markets Suggest Significant Fed Cuts Expected • Since Early August, Still Exists A Substantial Market Dislocation, Though Improving Source: Bloomberg on April 20, 2008

  23. Financial OverviewMargin Change In 1Q08 • Reported Spread Declined 9 Basis Points; Margin Declined 14 Basis Points To 3.04% • Primary Causes Of 1Q08 Margin Decline: • Deposit Campaign Placed In Excess Cash • Change In Deposit Rates • Trust Preferred Securities • Decrease Nonint. Bearing Deposits $10mm • Total Impact Of Above Items (8 bps.) (5 bps.) (2 bps.) (1 bp.) (16 bps.)

  24. Financial OverviewTrends - Mortgage Interest Rates • Rising Interest Rate Environment In 2005-06 • Spike Up In Mid-2007 And Rapid Decline Since Then • Mortgage Rates Have Converged • Significant Pick-up In Refinance Activity (40% Recently) Source: National Home Builders Association

  25. Financial OverviewMortgage Quarterly Revenues • Closed $987mm In Full Year 2007 • In 1Q08 Closed $249mm (+18% Vs. 4Q07) • In 1Q08 Sold $230mm (+9% Vs. 4Q07) • 1Q08 Vs. 1Q07: +25% Increase In Mortgage Revenues • $95 Million Locked Pipeline On 4/18/08

  26. Financial OverviewTitle Insurance Qtrly Revenues • 256 Full-Time Employees And 30 Offices • Completed And Integrated United Title Of Louisiana In April 2007 • 2007: 14,634 Closings (+9%) & Revenues Of $18mm (+22%) • 1Q08: $4.5mm In Revenues (+3% Vs. 4Q07)

  27. Markets

  28. Markets – Deposit CampaignSummary Of Results • Targeted Markets • Over 6,000 New Accounts • 3,300 Clients (1,600 New) • $360 Million By 3/31/08 • 70% New Money • $442 Million By 4/21/08 • Opportune Time In Rate Cycle & Competition • Near-Term Costs (Advertising, Excess Cash Until Deployed) • Builds On Retail Enhancements: • Platform Automation • New Branches • Strategic Recruits • Retail Incentive Program • Drive For Success

  29. Markets - BranchesBranch Expansion Initiative • 14 Offices • 1Q08 Loans Of $89 mm (+131% 1-Yr) • 1Q08 Deposits Of $169 mm (+183% 1-Yr) Period-End Loan And Deposit Volumes

  30. Markets – Local EconomiesOil & Gas Impact Source: Bloomberg on April 20, 2008

  31. Markets – Local EconomiesOil & Gas – Louisiana The Gulf Of Mexico Accounts For: • 1/3 Of U.S. Oil Production • 20% Of U.S. Natural Gas Production • LA Ranks 4th In U.S. Crude Oil Production • 2 of 4 U.S. Strategic Petro Reserves in LA • LA Processes 1/5 Of Foreign Crude In US • 2nd Highest Petro Products Processed • LA Ranks 2nd In Natural Gas Production

  32. Markets – Local EconomiesOil & Gas – Fayetteville Shale Source: State Of Arkansas Oil & Gas Commission

  33. Markets – Local EconomiesBig Local Economic Influences • Fayetteville Shale Play (10 Counties In Arkansas) • Estimated Benefit Over 10-15+ Years • 2003-05: $158MM Direct; $190MM Total • 2005-08 Estimated: $3.8 Bil. Direct; $5.5 Bil. Total • Estimated: 9,683 Jobs And Add $358MM In Taxes • Haynesville Shale Play (Shreveport/Bossier City, LA) • Potential Significant Play In The Very Early Stages • Cyberspace Command (Shreveport/Bossier City, LA) • Current “Provisional HQ”; In The Running For Final • Estimated: 10,000+ Jobs With Avg. Salary = $70,000 • Katrina/Rita Rebuilding (South Louisiana) • Latest Cost Estimate: $127 Billion • Average Of $425,000 Per Person

  34. Markets – Local EconomiesHousing’s Share Of State GDP • Nationwide, Housing Peaked In 2005 • Housing Was A Substantial Contributor To State Economic Growth--Now Working In Reverse • Our Markets: Minimal Impact Source: NAHB; Figures represent 2005 levels as indicative of peak period

  35. Markets – Local EconomiesUnemployment – Vs. U.S. MSAs Source: U.S. Department of Labor, Bureau of Labor Statistics

  36. Markets - HousingForeclosures & High-Rate Loans • Foreclosure Trends In Our Markets Are More Favorable, Except In Memphis

  37. Markets - HousingLocal – Lafayette Home Inventory • Acadiana Housing Inventory Edged Up Slightly In Early 2008 • Remains Well Below National Average Source: Van Eaton & Romero and Bloomberg

  38. 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 • Both Expense Control And Revenue Growth • EPS/Stock Price Linkage - Shareholder Focus • Favorable Risk/Return Compared To Peers

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