PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, April 1, 3:32 PM
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Slide #329. IBERIABANK Corporation — Preferred Stock Offering
Company:
IBERIABANK Corporation (IBKC)
Date announced:
5/4/2016
Shares Offered:
2,000,000
Date of Pricing:
5/4/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
IBERIABANK Corporation (NASDAQ: IBKC), the holding company of the 129-year-old IBERIABANK, today announced it has priced an underwritten registered public offering of 2,000,000 depositary shares, each representing a 1/400th interest in a share of 6.60% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series C, par value $1.00 per share, with a liquidation preference of $10,000 per share of Series C preferred stock (equivalent to $25 per depositary share). IBERIABANK has granted the underwriters a 30-day option to purchase 300,000 additional depositary shares, solely to cover over-allotments, if any.
IBERIABANK is a financial holding company. Co. is the holding company for IBERIABANK, a banking corporation; Lenders Title Company, which provides a line of title insurance and closing services throughout Arkansas, Tennessee, and Louisiana; IBERIA Capital Partners, LLC, which provides equity research, institutional sales and trading, and corporate finance services throughout the energy industry; 1887 Leasing, LLC, a holding company for Co.'s aircraft, IBERIA Asset Management, Inc., which provides wealth management and trust advisory services to individuals, pension funds, corporations and trusts; and IBERIA CDE, LLC, which invests in purchased tax credits.
Preferred: IBKCP
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Avg. Broker Rec.
  
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Buy (2.62 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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