On May 26, 2009, Daryl G. Byrd, President and Chief Executive Officer of IBERIABANK Corporation (the "Company"), adopted a Rule 10b5-1 Sales Plan to sell shares of the Company's common stock in the open market at prevailing market prices. Mr. Byrd currently owns of record and beneficially 344,180 shares of Company common stock. Under the terms of the Rule 10b5-1 trading plan, he intends to sell up to 22,403 shares over a period ending March 31, 2010.

NO MATTER HOW YOU DICE IT, THIS IS INSIDER SELLING. GOOD WAY TO PICK UP A COOL MILLION DOLLARS UNDER THE RADAR. NOW WE KNOW WHY HE GAVE THE TARP MONEY BACK. MILK IT BABY!!