IBERIABANK Corporation Announces Pricing of Common Stock Offering

LAFAYETTE, La., June 30 /PRNewswire-FirstCall/ -- IBERIABANK Corporation
(Nasdaq: IBKC), the holding company of the 122-year-old IBERIABANK and
IBERIABANK fsb, announced the pricing of an underwritten public offering of
3,850,000 shares of the Company's common stock at a price to the public of
$39.00 per share for gross proceeds of approximately $150.2 million. The net
proceeds to the Company after deducting underwriting discounts and commissions
and estimated offering expenses are expected to be approximately $143.0
million. IBERIABANK has granted the underwriters a 30-day option to purchase
up to an additional 577,500 shares of IBERIABANK common stock to cover
over-allotments, if any. Goldman, Sachs & Co., and Keefe, Bruyette & Woods
acted as joint bookrunning lead managers, and Stifel Nicolaus & Company, Inc.
acted as co-manager.

The Company expects to close the transaction, subject to customary conditions,
on or about July 7, 2009. This press release shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale of
these securities in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction. The offering will be made only by means of
a prospectus, copies of which may be obtained from Goldman, Sachs & Co., Attn:
Prospectus Department, 85 Broad Street, New York, NY 10004 or by faxing (212)
902-9316, calling toll-free (866) 471-2526 or emailing
Prospectus-ny@ny.email.gs.com or from Keefe, Bruyette & Woods, Inc., Equity
Capital Markets, 787 Seventh Avenue, 4th Floor, New York, NY 10019 or by
calling toll-free (800) 966-1559.

IBERIABANK Corporation

IBERIABANK Corporation is a multi-bank financial holding company with 152
combined offices, including 90 bank branch offices in Louisiana, Arkansas,
Alabama, and Tennessee, one loan production office in Texas, 26 title
insurance offices in Arkansas and Louisiana, and mortgage representative
offices in 35 locations in eight states. The Company's common stock trades on
the NASDAQ Global Select Market under the symbol "IBKC."

Forward Looking Statements

To the extent that statements in this press release 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. IBERIABANK Corporation's actual strategies
and results in future periods may differ materially from those currently
expected due to various risks and uncertainties.

Actual results could differ materially because of factors such as our ability
to execute our growth strategy, risks relating to the integration of acquired
companies that have previously been operated separately, challenges posed by
the current economic environment, disruptions in global financial markets,
credit risk of our customers, effects of the on-going correction in
residential real estate prices and reduced levels of home sales, sufficiency
of our allowance for loan losses, changes in interest rates, access to funding
sources, reliance on the services of executive management, competition for
loans, deposits and investment dollars, reputational risk and social factors,
changes in government regulations and legislation, increases in FDIC insurance
assessments, geographic concentration of our markets, rapid changes in the
financial services industry, exposure to intangible asset risk, and hurricanes
and other adverse weather events. These and other factors that may cause
actual results to differ materially from these forward-looking statements are
discussed in the Company's Annual Report on Form 10-K and other filings with
the Securities and Exchange Commission, available at the SEC's website,
www.sec.gov. All information in this release is as of the date of this
release. The Company undertakes no duty to update any forward-looking
statement to conform the statement to actual results or changes in the
Company's expectations.

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