Iberiabank Corporation 6.62% Fixed to Floating Non Cumulative Perpetual Preferred Stock, Series B
By: Tim McPartland,
CAUTION–THIS PREFERRED ISSUE PAYS DIVIDENDS JUST TWICE PER YEAR
Date Issued 7/29/2015
Shares Issued 3,000,000 Overallotment Shares 450,000
S&P Rating NR Moodys Rating NR
Security Ticker Symbol IBKCP OTC Temp Ticker IBBRP
Market Traded On NASDAQ
Dividend Payment Paid on the 1st of February and August beginning on 2/01/2016
Semi Annual Dividend .828 Annual Dividend 1.656
On 8/1/2025 Coupon Rate Floats. The rate will be 3 month libor plus 4.262% Dividend payments go to quarterly payments beginning at this time and will be on 2/1, 5/1, 8/1 and 11/1.
Securities may be redeemed, at the issuers option, as early as 08/01/2025 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