Louisiana

(State or Other Jurisdiction

of Incorporation)

0-25756

(Commission

File Number)

72-1280718

(I.R.S. Employer

Identification No.)

Balance Sheet:

At May 31, 2009, we had total assets of $5.7 billion, deposits of $4.2 billion and shareholders’ equity of $665.6 million.

Commercial loans increased $58.3 million during the two-month period ended May 31, 2009, or 14.9% annualized, reflecting consistent production outpacing loan repayment activity. Residential mortgage loans decreased during the two-month period by $23.9 million, or 28.1% annualized, primarily due to continued prepayments of existing loans.

Investment portfolio increased $19.7 million, or 1.9%, during the two-month period. The investment portfolio totaled $1.0 billion at May 31, 2009, which includes unrealized gains in the available-for-sale portfolio of $21.7 million, compared to an unrealized gain of $25.2 million at March 31, 2009. We also realized $1.3 million in pre-tax gains on the sale of securities during the two-month period ended May 31, 2009, compared to no material gains or losses in the first quarter of 2009.

During the two-month period ended May 31, 2009, total borrowings increased $63.9 million, or 9.3%, primarily in short-term repurchase agreements.

Net Interest Margin:

Our taxable equivalent net interest rate margin improved 15 basis points, from 3.02% for the quarter ended March 31, 2009, to 3.17% for the two months ended May 31, 2009. Much of this improvement is attributable to a decrease in our short- and long-term borrowing rates.

Margin improvement was also driven by a decrease in interest-bearing deposit rates of 18 basis points, from 2.09% for the three months ended March 31, 2009, to 1.91% for the two months ended May 31, 2009.

Earning asset yield improved three basis points, from 4.98% at March 31, 2009, to 5.01% at May 31, 2009.

Expenses:

Our taxable equivalent tangible efficiency ratio improved to 67.9% for the two months ended May 31, 2009, from 69.9% for the quarter ended March 31, 2009.

Capital:

At May 31, 2009, all capital ratios of IBERIABANK Corporation, IBERIABANK, and IBERIABANK fsb continued to exceed the “well-capitalized” level.

Other Items:

In April 2009, we announced a name change of Pulaski Bank and Trust Company to “IBERIABANK fsb.” The name change, which provides common branding across our rapidly expanding footprint, became effective in May 2009 and resulted in a $0.6 million pre-tax charge relating to the write-off of the old signage.

On May 20, 2009, we announced that we had repurchased a warrant to purchase our common stock held by the U.S. Department of the Treasury for $1.2 million. Payment of the repurchase price resulted in the reduction of our cash and an offsetting reduction of our paid-in-capital.

We expect to incur an approximate $2.6 million pre-tax charge relating to the special assessment imposed on all FDIC-insured institutions.

We expect to realize between $5.5 million and $6.2 million in pre-tax gains on the sale of securities during the quarter ending June 30, 2009. We did not realize material gains or losses for these activities during the quarter ended March 31, 2009.

We anticipate net-charge offs for the quarter ending June 30, 2009, will be between $3.0 million and $3.5 million, or between 0.32% and 0.37% of estimated average loans, relative to 0.24% for the quarter ended March 31, 2009.

Non-performing assets are expected to be between $56.0 million and $60.0 million at June 30, 2009, compared to $52.7 million at March 31, 2009.

We further expect to continue to proactively increase our loan loss reserve level and currently anticipate that our provision for loan losses for the quarter ending June 30, 2009, will be between $7.5 million and $8.0 million as compared to $3.0 million for the quarter ended March 31, 2009. This will likely result in the ratio of loan loss reserves to total loans of between 1.18% and 1.22% at June 30, 2009, relative to 1.11% at March 31, 2009.

Daryl G. Byrd

President and Chief Executive

Officer

Exhibit Number