FRC-H First Republic Bank ADRs of 5.125% Noncumulative Series H Preferred

Redeemable at the issuer's option on or after 6/30/2022 at $25 per depositary share plus declared and unpaid dividends, and with no stated maturity. Non-cumulative distributions of 5.125% per annum ($1.28125 per annum or $0.3203125 per quarter) will be paid quarterly on 3/30, 6/30, 9/30 & 12/30 to holders of record on the record date fixed by the board, not more than 60 days or less than 10 days prior to the payment date. The dividends are non-cumulative and if the board of directors does not declare a dividend or the company fails to pay a dividend declared by the board for any quarterly dividend period, the holder will not be entitled to receive any dividend for that quarterly period and the undeclared or unpaid dividend will not accumulate.   This security was issued by First Republic Bank, whose common stock symbol is FRC.

$21.82  +0.10 (0.46%)
As of 07/01/2022 15:58:28 EST     IEX book   CBOE book


Security Information
Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  05/31/2017
Outstanding shares:  8,000,000
Average volume:  21,468
Market cap:   $174,560,000
Current dividend yield:  5.87%    calculation
Coupon rate:    5.125%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   06/30/2022
Maturity date:    n/a - perpetual
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BF2P6Q5

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