IBERIABANK Corp | 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B (IBKCP)
Prospectus excerpt: We are offering 3,000,000 depositary shares each representing a 1/400th ownership interest in a share of our 6.625% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, par value $1.00 per share (˘Series B preferred stock÷), with a liquidation preference of $10,000 per share of Series B preferred stock (equivalent to $25 per depositary share).
6.625% per annum, then, from, and including, August 1, 2025, dividends will accumulate and be payable at a floating rate equal to three-month LIBOR (as defined herein) plus a spread of 426.2 basis points per annum
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.