IBERIABANK Corporation Declares Cash Dividend
PRNewswire
NEW IBERIA, La.

The Board of Directors of IBERIABANK Corporation , holding company for IBERIABANK, announced its quarterly cash dividend of $0.17 per share. The dividend is payable to shareholders of record as of June 29, 2001 and will be paid on July 12, 2001. This equates to an annual dividend rate of $0.68 per share. Based on the closing stock price on June 25, 2001 of $27.51 per share, the indicated dividend yield is 2.5%.

At March 31, 2001, IBERIABANK Corporation had assets of $1.4 billion, deposits of $1.2 billion and shareholders' equity of $133 million. IBERIABANK operates 23 offices located in south central Louisiana, 11 offices located in northeast Louisiana and 7 offices located in the greater New Orleans area. The deposits of IBERIABANK are insured by the Federal Deposit Insurance Corporation to the full extent permitted by law and regulation.

IBERIABANK Corporation earned $0.57 per diluted share for the quarter ended March 31, 2001, compared to $0.48 per diluted share for the same period in 2000, an increase of 19% in diluted earnings per share over a one year period.

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. A nominal fee is charged at the time that an individual terminates plan participation. This plan does not currently offer participants the ability to purchase additional shares with optional cash payments.

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

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SOURCE: IBERIABANK Corporation

Contact: Daryl G. Byrd, President and CEO, 337-267-4458, ext. 4708, or
John R. Davis, Senior Executive Vice President, 919-676-7641, both of
IBERIABANK Corporation