Sector: Banking

IberiaBank merged with First Horizon National on 7/1/2020 with First Horizon National surviving. New shares of First Horizon Preferred have been exchanged for the old IberiaBank preferred–all terms remain the same.

Coupon is fixed at 6.10% until 4/30/2024 after which it will float at the rate of 3 month Libor plus a spread of 3.859%. When the security enters the floating rate period dividends will be paid on a quarterly basis on 2/1, 5/1, 8/1 and 11/1

Dividend is paid only 2 times per year on 5/1 and 11/1–that is why it is not in the grid below. Also the grid below shows a quarterly dividend of .763 cents/quarter–this is the semi-annual payment.

Coupon is fixed until 4/1/2024 at 7% after which it begins to float at a rate of 3 month Libor plus a spread of 4.605%

May only be redeemed on a dividend payment date

Coupon is fixed at 6.35% until 4/5/2024 after which it will float at a rate of 3 month Libor plus a spread of 3.642%

Only redeemable on a dividend payment date

Coupon is fixed at 6.25% until 6/30/2025 after which it floats at a rate of 3 month Libor plus a spread of 3.85%

Only redeemable on a dividend payment date