Exhibit 99.3
Selected
Information Derived from IBERIABANK Corporation's Earnings Release Issued for
the Quarter Ended March 31, 2020
| Summary Financial Results | ||||||||||||||||||
| (Dollars in thousands, except per share data) | ||||||||||||||||||
| For the Three Months Ended | ||||||||||||||||||
| 3/31/2020 | 12/31/2019 | % Change | 3/31/2019 | % Change | ||||||||||||||
| GAAP BASIS: | ||||||||||||||||||
| Income available to common shareholders | $ | 32,827 | $ | 78,120 | (58.0 | ) | $ | 96,533 | (66.0 | ) | ||||||||
| Earnings per common share - diluted | 0.62 | 1.48 | (58.1 | ) | 1.75 | (64.6 | ) | |||||||||||
| Average loans and leases, net of unearned income | $ | 24,153,182 | $ | 23,830,962 | 1.4 | $ | 22,599,686 | 6.9 | ||||||||||
| Average total deposits | 25,454,630 | 25,227,462 | 0.9 | 23,678,400 | 7.5 | |||||||||||||
| Net interest margin (TE) (1) | 3.17 | % | 3.21 | % | 3.59 | % | ||||||||||||
| Total revenues | $ | 294,998 | $ | 293,842 | 0.4 | $ | 302,993 | (2.6 | ) | |||||||||
| Total non-interest expense | 177,427 | 181,723 | (2.4 | ) | 158,753 | 11.8 | ||||||||||||
| Efficiency ratio | 60.1 | % | 61.8 | % | 52.4 | % | ||||||||||||
| Return on average assets | 0.46 | 1.03 | 1.32 | |||||||||||||||
| Return on average common equity | 3.21 | 7.58 | 9.85 | |||||||||||||||
| (1) Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%. | ||||||||||||||||||
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| Summary Financial Condition Results | |||||||||||||||||||||
| (Dollars in thousands, except per share data) | |||||||||||||||||||||
| As of and For the Three Months Ended | |||||||||||||||||||||
| 3/31/2020 | 12/31/2019 | % Change | 3/31/2019 | % Change | |||||||||||||||||
| PERIOD-END BALANCES: | |||||||||||||||||||||
| Total loans and leases, net of unearned income | $ | 24,541,632 | $ | 24,021,499 | 2.2 | $ | 22,968,295 | 6.9 | |||||||||||||
| Total deposits | 25,526,237 | 25,219,349 | 1.2 | 24,092,062 | 6.0 | ||||||||||||||||
| ASSET QUALITY RATIOS: | |||||||||||||||||||||
| Loans 30-89 days past due and still accruing as a percentage of total loans and leases (1) | 0.33 | % | 0.28 | % | 0.20 | % | |||||||||||||||
| Loans 90 days or more past due and still accruing as a percentage of total loans and leases (1) | 0.04 | 0.01 | 0.02 | ||||||||||||||||||
| Non-performing assets to total assets (1)(2) | 0.60 | 0.54 | 0.58 | ||||||||||||||||||
| Classified assets to total assets (3) | 0.94 | 0.84 | 1.01 | ||||||||||||||||||
| CAPITAL RATIOS: | |||||||||||||||||||||
| Tier 1 leverage ratio (4) | 9.93 | 9.90 | 9.67 | ||||||||||||||||||
| Total risk-based capital ratio (4) | 12.48 | 12.43 | 12.33 | ||||||||||||||||||
| PER COMMON SHARE DATA: | |||||||||||||||||||||
| Book value | $ | 78.27 | $ | 78.37 | (0.1 | ) | $ | 73.50 | 6.5 | ||||||||||||
| (1) | For purposes of this table, for periods prior to the three months ended March 31, 2020, past due and non-accrual loan amounts exclude purchased credit deteriorated (PCD) loans (formerly purchased credit impaired loans), even if contractually past due or if the Company did not expect to receive payment in full, as the Company was accreting interest income over the expected life of the loans. For the three months ended March 31, 2020, NPAs included $16.4 million in PCD loans, of which $14.7 million were non-accrual, and loans 30-89 days past due included $4.0 million in PCD loans. | ||||||||||||||||||||
| (2) | Non-performing assets consist of non-accruing loans, accruing loans 90 days or more past due and other real estate owned, including repossessed assets. | ||||||||||||||||||||
| (3) | Classified assets include loans rated substandard or worse, non-performing mortgage and consumer loans, and OREO and foreclosed property and include PCD loans. Classified assets were $302.6 million, $265.2 million and $314.6 million at March 31, 2020, December 31, 2019, and March 31, 2019, respectively. | ||||||||||||||||||||
| (4) | Regulatory capital ratios as of March 31, 2020 are preliminary. | ||||||||||||||||||||
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| Period-End Loans and Leases | |||||||||||||||||||||||||||||
| (Dollars in thousands) | |||||||||||||||||||||||||||||
| As of and For the Three Months Ended | |||||||||||||||||||||||||||||
| Linked Qtr Change | Year/Year Change | Mix | |||||||||||||||||||||||||||
| 3/31/2020 | 12/31/2019 | 3/31/2019 | $ | % | Annualized | $ | % | 3/31/2020 | 12/31/2019 | ||||||||||||||||||||
| Commercial loans and leases | $ | 17,140,864 | $ | 16,611,633 | $ | 15,628,158 | 529,231 | 3.2 | 12.8 | % | 1,512,706 | 9.7 | 69.8 | % | 69.2 | % | |||||||||||||
| Residential mortgage loans | 4,849,119 | 4,739,075 | 4,415,267 | 110,044 | 2.3 | 9.3 | % | 433,852 | 9.8 | 19.8 | % | 19.7 | % | ||||||||||||||||
| Consumer and other loans | 2,551,649 | 2,670,791 | 2,924,870 | (119,142 | ) | (4.5 | ) | (17.9 | )% | (373,221 | ) | (12.8 | ) | 10.4 | % | 11.1 | % | ||||||||||||
| Total loans and leases | $ | 24,541,632 | $ | 24,021,499 | $ | 22,968,295 | 520,133 | 2.2 | 8.7 | % | 1,573,337 | 6.9 | 100.0 | % | 100.0 | % | |||||||||||||
| Period-End Deposits | ||||||||||||||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||||||||||
| Linked Qtr Change | Year/Year Change | Mix | ||||||||||||||||||||||||||
| 3/31/2020 | 12/31/2019 | 3/31/2019 | $ | % | Annualized | $ | % | 3/31/2020 | 12/31/2019 | |||||||||||||||||||
| Non-interest-bearing deposits | $ | 6,628,901 | $ | 6,319,806 | $ | 6,448,613 | 309,095 | 4.9 | 19.7 | % | 180,288 | 2.8 | 26.0 | % | 25.1 | % | ||||||||||||
| Interest-bearing demand deposits | 5,046,434 | 4,821,252 | 4,452,966 | 225,182 | 4.7 | 18.8 | % | 593,468 | 13.3 | 19.8 | % | 19.1 | % | |||||||||||||||
| Money market accounts | 9,305,923 | 9,121,283 | 8,348,509 | 184,640 | 2.0 | 8.1 | % | 957,414 | 11.5 | 36.4 | % | 36.2 | % | |||||||||||||||
| Savings accounts | 703,862 | 683,366 | 770,754 | 20,496 | 3.0 | 12.1 | % | (66,892 | ) | (8.7 | ) | 2.8 | % | 2.7 | % | |||||||||||||
| Time deposits | 3,841,117 | 4,273,642 | 4,071,220 | (432,525 | ) | (10.1 | ) | (40.7 | )% | (230,103 | ) | (5.7 | ) | 15.0 | % | 16.9 | % | |||||||||||
| Total deposits | $ | 25,526,237 | $ | 25,219,349 | $ | 24,092,062 | 306,888 | 1.2 | 4.9 | % | 1,434,175 | 6.0 | 100.0 | % | 100.0 | % | ||||||||||||
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share data)
| As of and For the Three Months Ended | ||||||||||||||||||||
| INCOME DATA: | 3/31/2020 | 12/31/2019 | % Change | 3/31/2019 | % Change | |||||||||||||||
| Net interest income | $ | 230,342 | $ | 234,490 | (1.8 | ) | $ | 250,484 | (8.0 | ) | ||||||||||
| Net interest income (TE)(1) | 231,653 | 235,858 | (1.8 | ) | 251,833 | (8.0 | ) | |||||||||||||
| Provision for expected credit losses | 68,971 | 8,153 | 746.0 | 13,763 | 401.1 | |||||||||||||||
| Net income available to common shareholders | 32,827 | 78,120 | (58.0 | ) | 96,533 | (66.0 | ) | |||||||||||||
| (1) | Fully taxable equivalent (TE) calculations include the tax benefit associated with related income sources that are tax-exempt using a rate of 21%. |
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