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Shareholders' Equity, Capital Ratios and Other Regulatory Matters (Tables)
3 Months Ended
Mar. 31, 2020
Banking and Thrift [Abstract]  
Schedule of Preferred Stock
The following table presents a summary of the Company's non-cumulative perpetual preferred stock:
 
 
 
 
 
 
 
 
 
March 31, 2020
 
December 31, 2019
(in thousands)
Issuance Date
 
Earliest Redemption Date
 
Annual Dividend Rate
 
Liquidation Amount
 
Carrying Amount
 
Carrying Amount
Series B Preferred Stock
8/5/2015
 
8/1/2025
 
6.625
%
 
$
80,000

 
$
76,812

 
$
76,812

Series C Preferred Stock
5/9/2016
 
5/1/2026
 
6.600
%
 
57,500

 
55,285

 
55,285

Series D Preferred Stock
4/4/2019
 
5/1/2024
 
6.100
%
 
100,000

 
96,388

 
96,388

 
 
 
 
 
 
 
$
237,500

 
$
228,485

 
$
228,485


Actual Capital Amounts and Ratios
The Company’s and IBERIABANK’s actual capital amounts and ratios as of March 31, 2020 and December 31, 2019 are presented in the following tables:
(in thousands)
March 31, 2020
Minimum
 
Well-Capitalized
 
Actual
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,228,618

 
4.00
%
 
N/A

 
N/A
 
$
3,051,243

 
9.93
%
IBERIABANK
1,225,516

 
4.00

 
1,531,895

 
5.00
 
3,008,038

 
9.82

Common Equity Tier 1 (CET1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,216,954

 
4.50
%
 
N/A

 
N/A
 
$
2,822,758

 
10.44
%
IBERIABANK
1,212,501

 
4.50

 
1,751,390

 
6.50
 
3,008,038

 
11.16

Tier 1 Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,622,605

 
6.00
%
 
N/A

 
N/A
 
$
3,051,243

 
11.28
%
IBERIABANK
1,616,668

 
6.00

 
2,155,557

 
8.00
 
3,008,038

 
11.16

Total Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
2,163,474

 
8.00
%
 
N/A

 
N/A
 
$
3,375,550

 
12.48
%
IBERIABANK
2,155,557

 
8.00

 
2,694,446

 
10.00
 
3,215,845

 
11.94



(in thousands)
December 31, 2019
Minimum
 
Well-Capitalized
 
Actual
Amount
 
Ratio
 
Amount
 
Ratio
 
Amount
 
Ratio
Tier 1 Leverage
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,220,289

 
4.00
%
 
N/A

 
N/A
 
$
3,021,004

 
9.90
%
IBERIABANK
1,217,638

 
4.00

 
1,522,048

 
5.00
 
2,949,533

 
9.69

Common Equity Tier 1 (CET1)
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,194,765

 
4.50
%
 
N/A

 
N/A
 
$
2,792,520

 
10.52
%
IBERIABANK
1,191,062

 
4.50

 
1,720,423

 
6.50
 
2,949,533

 
11.14

Tier 1 Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
1,593,020

 
6.00
%
 
N/A

 
N/A
 
$
3,021,004

 
11.38
%
IBERIABANK
1,588,083

 
6.00

 
2,117,444

 
8.00
 
2,949,533

 
11.14

Total Risk-Based Capital
 
 
 
 
 
 
 
 
 
 
 
Consolidated
$
2,124,026

 
8.00
%
 
N/A

 
N/A
 
$
3,300,730

 
12.43
%
IBERIABANK
2,117,444

 
8.00

 
2,648,805

 
10.00
 
3,112,758

 
11.76