Coupon is fixed at 7% until 5/15/2025 after which time the coupon floats at 3 month SOFR plus a spread of 6.845%.
Sector: Banking
Old National Bank 7.00% Fixed Rate Non-Cumulative Perpetual Preferrd Stock, Series A
Originally issued by First Midwest. First Midwest merged with Old National Bank on 2/16/2022.
Wintrust Financial Corporation 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E
Coupon will be fixed until 7/15/2025 after which it will be reset at the 5 year treasury plus a spread of 6.507%. Every 5 years there after the coupon will reset at the 5 year treasury rate plus the spread
May only be redeemed on a dividend payment date
Truist Financial Corporation 5.25% Series O Non-Cumulative Perpetual Preferred Stock
May only be redeemed on a dividend payment date
First Citizens BancShares 5.375% Non-Cumulative Perpetual Preferred Stock, Series A
Dime Community Bancshares 5.50% Non-Cumulative Perpetual Preferred Stock, Series A
A ‘reopening’ of this issue occurred on 6/3/2020. 2 million additional shares were sold @ $19.87
Capital One Financial 4.80% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series J
Redeemable only on a dividend payment date
Wells Fargo & Company 4.75% Non-Cumulative Class A Preferred Stock, Series Z
Can only be redeemed on dividend payment date
Cadence Bank 5.50% Series A Non-cumulative Perpetual Preferred Stock
BancorpSouth Bank is regulated by the FDIC, thus there are no SEC filings on the SEC Site–you must go to the link on the bottom of this page to find their filings.
BancorpSouth merged with Cadence Bank on 10/29/2021 and the name changed to Cadence–ticker changed
Wells Fargo & Company 5.625% Non-Cumulative Perpetual Class A Preferred Stock, Series Y
Can only be redeemed on dividend payment date