IBERIABANK Corporation Closes $172.7 Million Common Stock Offering

LAFAYETTE, La., July 7 /PRNewswire-FirstCall/ -- IBERIABANK Corporation
(Nasdaq: IBKC), the holding company of the 122-year-old IBERIABANK and
IBERIABANK fsb, announced today that it raised approximately $172.7 million
through its previously announced public offering by issuing 4,427,500 shares
of common stock, including 577,500 shares pursuant to the exercise of the
underwriters' over-allotment option. The net proceeds of the offering were
approximately $164.5 million. Goldman, Sachs & Co., and Keefe, Bruyette &
Woods acted as joint bookrunning lead managers, and Stifel Nicolaus & Company,
Inc. acted as co-manager for the offering.

Daryl G. Byrd, President and Chief Executive Officer of the Company commented,
"We are pleased with the investment community's tremendous level of interest
in our Company and recognition of the potential opportunities we face in this
unparalleled operating environment." Byrd continued, "We believe we occupy a
unique position within our industry. The completion of this follow-on
offering, which is our second capital raise within the last six months,
further strengthens our Company to capitalize on those recruiting and
acquisition opportunities."

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any securities. A registration statement relating to these
securities has been filed with the Securities and Exchange Commission and is
effective. A written prospectus for this offering meeting the requirements of
Section 10 of the Securities Act of 1933, as amended (other than a free
writing prospectus as defined in Securities Act Rule 405) 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