IBERIABANK Corp 6.60% Fixed to Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C

By: ,

Date Issued   5/3/2016

Shares Issued   2,000,000  Overallotment Shares  300,000

S&P Rating   NR   Moodys Rating   NR


Security Ticker Symbol   IBKCO   OTC Temp Ticker  IBRRP

Market Traded On   NASDAQ

Dividend Payment Paid on the 1st of February, May, August and November beginning on 8/1/2016

Quarterly Dividend  .4125   Annual Dividend   1.65

On 5/1/2026 Coupon Rate Floats.  The rate will be 3 month libor plus 4.92% reset quarterly


Securities may be redeemed, at the issuers option, as early as 05/01/2026 for a redemption price of $25/share plus accrued dividends

Dividend Payment Will Likely be a Qualified Distributions

Maturity Date   None


Company Investor Relations Page for Iberiabank Corporation

Below you can find the offering Prospectus and Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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