It certainly is a Blue Eagles aircraft - the blue TOW tubes are a bit of a giveaway.
it is a shot that has been done in other locations - often Middle Wallop - because the back flip starts from a high hover, it is easy for the photo aircraft to position perfectly for the composition.
That might be.
But I highly doubt that this actually happend in that picture.
none of the public below even looks up and to me it seems that the pilots are looking straight ahead as if in level flight. I have done loops / backflip (how ever you want to call it) myself. And if the aircraft would be in that position I think the pilot would look through the roof window by then.
But as said - it could be real. I just doubt this picture was taken during a real event.