Cadence Bank Announces 2025 Share Repurchase Program
Cadence Bank (NYSE: CADE) has announced a new share repurchase program authorized by its Board of Directors. The program allows for the purchase of up to 10 million shares of common stock, pending Federal Reserve approval, and will run through December 31, 2025.
The shares may be acquired through open market transactions at prevailing prices, private negotiations, or other means in compliance with federal securities laws. The program's implementation details, including timing, volume, and price range, will be determined by management based on factors such as capital position, liquidity, financial performance, stock price, market conditions, and regulatory requirements.
The Board retains discretion to extend, modify, suspend, or discontinue the program at any time, with no commitment to repurchase any specific number of shares.
Cadence Bank (NYSE: CADE) ha annunciato un nuovo programma di riacquisto di azioni autorizzato dal suo Consiglio di Amministrazione. Il programma prevede l'acquisto di fino a 10 milioni di azioni ordinarie, soggetto all'approvazione della Federal Reserve, e sarà valido fino al 31 dicembre 2025.
Le azioni potranno essere acquistate tramite transazioni sul mercato aperto ai prezzi correnti, negoziazioni private o altri metodi conformi alle leggi federali sui titoli. I dettagli di attuazione del programma, inclusi tempistiche, volume e fascia di prezzo, saranno decisi dalla direzione in base a fattori quali la posizione patrimoniale, la liquidità, le performance finanziarie, il prezzo delle azioni, le condizioni di mercato e i requisiti normativi.
Il Consiglio mantiene la discrezionalità di estendere, modificare, sospendere o interrompere il programma in qualsiasi momento, senza alcun impegno a riacquistare un numero specifico di azioni.
Cadence Bank (NYSE: CADE) ha anunciado un nuevo programa de recompra de acciones autorizado por su Junta Directiva. El programa permite la compra de hasta 10 millones de acciones ordinarias, sujeto a la aprobación de la Reserva Federal, y estará vigente hasta el 31 de diciembre de 2025.
Las acciones podrán adquirirse mediante transacciones en el mercado abierto a precios vigentes, negociaciones privadas u otros métodos conforme a las leyes federales de valores. Los detalles de implementación del programa, incluyendo el momento, volumen y rango de precios, serán determinados por la gerencia en función de factores como la posición de capital, liquidez, desempeño financiero, precio de las acciones, condiciones del mercado y requisitos regulatorios.
La Junta se reserva la discreción de extender, modificar, suspender o cancelar el programa en cualquier momento, sin compromiso de recomprar un número específico de acciones.
Cadence Bank (NYSE: CADE)는 이사회가 승인한 새로운 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 연방준비제도(Federal Reserve)의 승인을 조건으로 최대 1,000만 주의 보통주 매입을 허용하며, 2025년 12월 31일까지 진행됩니다.
주식은 시가로 공개 시장 거래, 사적 협상 또는 연방 증권법을 준수하는 기타 방법을 통해 취득할 수 있습니다. 프로그램 실행 세부 사항(시기, 거래량, 가격 범위 등)은 자본 상태, 유동성, 재무 성과, 주가, 시장 상황 및 규제 요건 등 여러 요인을 고려하여 경영진이 결정합니다.
이사회는 언제든지 프로그램을 연장, 수정, 일시 중단 또는 종료할 재량권을 보유하며, 특정 수량의 주식을 반드시 매입해야 할 의무는 없습니다.
Cadence Bank (NYSE : CADE) a annoncé un nouveau programme de rachat d’actions autorisé par son conseil d’administration. Ce programme permet l’achat de jusqu’à 10 millions d’actions ordinaires, sous réserve de l’approbation de la Réserve fédérale, et sera en vigueur jusqu’au 31 décembre 2025.
Les actions pourront être acquises par des transactions sur le marché ouvert aux prix courants, par des négociations privées ou par d’autres moyens conformes aux lois fédérales sur les valeurs mobilières. Les modalités de mise en œuvre du programme, y compris le calendrier, le volume et la fourchette de prix, seront déterminées par la direction en fonction de facteurs tels que la position en capital, la liquidité, la performance financière, le cours de l’action, les conditions du marché et les exigences réglementaires.
Le conseil se réserve le droit de prolonger, modifier, suspendre ou interrompre le programme à tout moment, sans engagement d’acheter un nombre précis d’actions.
Cadence Bank (NYSE: CADE) hat ein neues Aktienrückkaufprogramm angekündigt, das vom Vorstand genehmigt wurde. Das Programm erlaubt den Kauf von bis zu 10 Millionen Stammaktien, vorbehaltlich der Zustimmung der Federal Reserve, und läuft bis zum 31. Dezember 2025.
Die Aktien können über Transaktionen am offenen Markt zu aktuellen Preisen, private Verhandlungen oder andere gemäß den Bundeswertpapiergesetzen zulässige Methoden erworben werden. Die Details zur Umsetzung des Programms, einschließlich Zeitpunkt, Volumen und Preisspanne, werden vom Management unter Berücksichtigung von Faktoren wie Kapitalausstattung, Liquidität, finanzieller Leistung, Aktienkurs, Marktbedingungen und regulatorischen Anforderungen festgelegt.
Der Vorstand behält sich das Recht vor, das Programm jederzeit zu verlängern, zu ändern, auszusetzen oder einzustellen, ohne sich zu verpflichten, eine bestimmte Anzahl von Aktien zurückzukaufen.
- Authorization to repurchase up to 10 million shares indicates confidence in company's financial position
- Share buyback program could potentially increase earnings per share and shareholder value
- Flexible implementation allows management to optimize timing and pricing of repurchases
- Program requires Federal Reserve approval before implementation
- No commitment to actually repurchase any shares
- Capital used for buybacks reduces funds available for other strategic investments
Under the Repurchase Program, Cadence's shares may be purchased periodically in open market transactions at prevailing market prices, in privately negotiated transactions, or by other means in accordance with federal securities laws. The Repurchase Program may be extended, modified, amended, suspended or discontinued at any time at the discretion of Cadence's Board of Directors and does not commit Cadence to repurchase shares of its common stock. With respect to repurchases made pursuant to the Repurchase Program, the actual means of purchase, the timing of purchases, the target number of shares per purchase and the maximum price or range of prices per purchase will be determined by management in its discretion, and will depend upon a number of factors, including Cadence's capital position, liquidity, financial performance and alternate uses of capital, the market price of Cadence's common stock, general market and economic conditions, and applicable legal and regulatory requirements.
To learn more, visit CadenceBank.com.
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Forward-Looking Statements
Certain statements made in this news release are not statements of historical fact and constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995 and the "bespeaks caution" doctrine. These statements are often, but not always, made through the use of words or phrases such as "anticipate," "assume," "believe," "budget," "contemplate," "continue," "could," "expect," "foresee," "goal," "indicate," "may," "might," "outlook," "plan," "project," "prospect," "potential," "roadmap," "should," "target," "will," "would," or the negative version of those words, or other comparable words of a future or forward-looking nature. These forward-looking statements include, without limitation, statements related to the terms, timing, logistics and conditions of Cadence's share repurchase programs, Cadence's utilization of the share repurchase programs, and Cadence's compliance with applicable law including, but not limited to, federal securities laws, in connection with the administration of the share repurchase programs.
These forward-looking statements are not historical facts, and are based upon current expectations, estimates, and projections about Cadence's industry, management's beliefs, and certain assumptions made by management, many of which, by their nature, are inherently uncertain, involve risk, and are beyond Cadence's control. The inclusion of these forward-looking statements should not be regarded as a representation by Cadence or any other person that such expectations, estimates, or projections will be achieved. Accordingly, Cadence cautions that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict and that are beyond Cadence's control. Although Cadence believes these forward-looking statements are reasonable as of the date of this news release, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Undue reliance should not be placed on any such forward-looking statements.
Any forward-looking statement speaks only as of the date of this news release, and Cadence does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law. New risks and uncertainties may emerge from time to time, and it is not possible for Cadence to predict their occurrence or how they will affect Cadence. The foregoing should be read in conjunction with those risk factors that are set forth from time to time in Cadence's periodic and current reports filed with its primary federal regulator, including those factors included in Cadence's Annual Report on Form 10-K for the year ended December 31, 2024 under the heading "Item 1A. Risk Factors," in Cadence's Quarterly Reports on Form 10-Q under the heading "Part II-Item 1A. Risk Factors," in Cadence's Current Reports on Form 8-K.
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SOURCE Cadence Bank
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