IBERIABANK Corporation Declares Cash Dividend

LAFAYETTE, La., June 16 /PRNewswire-FirstCall/ -- The Board of Directors of
IBERIABANK Corporation (Nasdaq: IBKC) announced the declaration of a quarterly
cash dividend of $0.34 per share. The dividend is payable on July 24, 2009 to
shareholders of record as of June 30, 2009. This dividend level equates to an
annualized dividend rate of $1.36 per share. Based on the closing stock price
on June 15, 2009 of $43.88 per share, the Company had a market capitalization
of approximately $703 million and the indicated dividend yield was 3.10%.

The Company's common stock trades on the NASDAQ Stock Market under the symbol
"IBKC".

IBERIABANK Corporation shareholders may take advantage of the Company's
Dividend Reinvestment Plan. This program provides a convenient, economical way
for shareholders to increase their holdings of the Company's common stock. The
shareholder pays no brokerage commissions or service charges while
participating in the plan.

To enroll in IBERIABANK Corporation's Dividend Reinvestment Plan, shareholders
must have their stock certificate numbers and complete an enrollment form.
Enrollment forms and a summary of the plan are available from the Registrar
and Transfer Company by calling (800) 368-5948.

IBERIABANK Corporation is a financial holding company based in Lafayette,
Louisiana with offices serving a nine-state region. IBERIABANK Corporation and
its predecessor organizations have served clients for 122 years.

SOURCE IBERIABANK Corporation

Daryl G. Byrd, President and CEO, +1-337-521-4003, or John R. Davis, Senior
Executive Vice President, +1-337-521-4005, both of IBERIABANK Corporation