Cadence Bank Declares Quarterly Common and Preferred Dividends

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Cadence Bank (NYSE: CADE) Declares Quarterly Dividends and Reports Q2 2023 Financial Results

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• Cadence Bank (NYSE: CADE) has declared a quarterly cash dividend of $0.235 per share of common stock, payable on October 2, 2023, and a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock, payable on August 21, 2023. The company also reported a net income available to common shareholders of $111.7 million, or $0.61 per diluted share, for the second quarter of 2023.

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• None.

TUPELO, Miss. and HOUSTON, July 26, 2023 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.235 per share of common stock. The common stock dividend is payable on October 2, 2023, to shareholders of record at the close of business on September 15, 2023.  

The board of directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on August 21, 2023, to shareholders of record at the close of business on August 4, 2023.

Cadence earlier reported financial results for the second quarter of 2023. Net income available to common shareholders was $111.7 million, or $0.61 per diluted share, and adjusted net income available to common shareholders was $116.9 million, or $0.64 per diluted share.

About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.

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SOURCE Cadence Bank

FAQ

When is the common stock dividend payable?

The common stock dividend is payable on October 2, 2023.

What is the net income available to common shareholders for the second quarter of 2023?

The net income available to common shareholders for the second quarter of 2023 was $111.7 million, or $0.61 per diluted share.

What is the dividend for Series A Preferred Stock and when is it payable?

The quarterly cash dividend for Series A Preferred Stock is $0.34375 per share and is payable on August 21, 2023.