IBERIABANK Corporation Declares Cash Dividend
PRNewswire
NEW IBERIA, La.

The Board of Directors of IBERIABANK Corporation , holding company of the 114-year-old IBERIABANK, announced its quarterly cash dividend of $0.18 per share. The dividend is payable to shareholders of record as of September 28, 2001 and will be paid on October 15, 2001. This equates to an annual dividend rate of $0.72 per share. Based on the closing stock price on September 18, 2001 of $27.37 per share, the indicated dividend yield is 2.6%.

At June 30, 2001, IBERIABANK Corporation had assets of $1.4 billion, deposits of $1.2 billion and shareholders' equity of $135 million. IBERIABANK operates 23 offices located in south central Louisiana, 11 offices located in northeast Louisiana and 8 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 $0.58 per diluted share for the quarter ended June 30, 2001, compared to $0.51 per diluted share for the same period in 2000, an increase of 14% 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, +1-337-267-4458, ext. 4708,
or John R. Davis, Senior Executive Vice President, +1-919-676-7641, both of
IBERIABANK Corporation