IBERIABANK (IBKC)

Gain of $6.9 million on the sale of $30.4 million in credit card receivables (22.7% premium), consistent with past practices at Pulaski. The sale was completed on January 4, 2008, and does not include credit card holders in the Company’s current banking markets. The Company expects to record a gain of $0.32 to after-tax diluted earnings per share (“EPS”) upon the sale and an annualized reduction in EPS after the sale of approximately $0.04. The Company anticipates no significant change in its current national credit card market origination operations.

Total nonperforming assets (“NPAs”) were approximately $48.2 million at December 31, 2007, up from $28.0 million at September 30, 2007. The increase in NPAs during the fourth quarter was primarily due to construction-related loans originated by Pulaski in the Northwest Arkansas and Memphis areas. The remainder of the IBERIABANK and Pulaski loan portfolios continued to perform exceptionally well during the fourth quarter of 2007.

Total loan loss provision of approximately $3.6 million in the fourth quarter of 2007. Included in the quarterly provision will be additional reserves to account for strong loan growth originated by the legacy franchise during the quarter. The ratio of loan loss reserves to total loans was 1.12% at year-end 2007. No material impact is anticipated on earnings in 2008 and beyond from actions taken.

Gains on sales of investment securities totaling $0.6 million in the fourth quarter of 2007 as a result of favorable market opportunities. No material impact is anticipated on earnings in 2008 and beyond from this action.