Welcome to our dedicated page for Cadence Bank news (Ticker: CADE), a resource for investors and traders seeking the latest updates and insights on Cadence Bank stock.
Cadence Bank (NYSE: CADE), headquartered in Houston, Texas, is a prominent regional banking company with approximately $50 billion in assets. Operating through its subsidiary, Cadence Bank, the company maintains a robust network of over 350 branches across Alabama, Florida, Mississippi, Tennessee, Texas, and the broader South. Cadence Bank offers a complete suite of banking and financial solutions tailored for consumers, businesses, and corporations. These services include consumer banking, mortgages, home equity lines and loans, credit cards, commercial 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, and retirement plan management.
The company prides itself on understanding customer needs and maintaining strong relationships throughout all phases of their financial lives. This approach distinguishes Cadence Bank as a refreshing alternative in the banking sector. With innovative products and methods, Cadence Bank aims to add significant value to both commercial and personal customers. Their hyper-focused customer service team ensures smooth interactions and relationships, guided by top-tier professionals with proven success records.
Cadence Bank is committed to community improvement, enhancing the quality of life in the regions they serve. Notably, the bank has executed several strategic initiatives for long-term growth, such as the completion of the sale of its insurance operations, Cadence Insurance, to Arthur J. Gallagher & Co. for $904 million. This transaction allows Cadence Bank to reinvest in its core banking business, supporting both short- and long-term strategic goals.
Despite the challenges of economic fluctuations, Cadence Bank has consistently demonstrated strong financial performance, maintaining stable credit quality metrics and a robust capital base. This is evidenced by recent quarterly results showing improved operating performance, disciplined growth, and meaningful improvements in key performance metrics.
Cadence Bank's corporate structure embodies respect, diversity, inclusion, and belonging, both within their workplace and the communities they serve. This dedication to social responsibility and community engagement further solidifies their role as a leading regional banking franchise.
Cadence Bank (NYSE: CADE) will release its third-quarter 2022 earnings on October 24, 2022, after market close. The bank will host a live earnings webcast on October 25, 2022, at 10:00 a.m. CT, allowing interactive participation from analysts. Cadence Bank operates with approximately $50 billion in assets and over 400 branches across the South, Midwest, and Texas, offering a wide range of banking services including consumer loans, mortgages, and business banking solutions.
Cadence Bank (NYSE: CADE) declared a quarterly cash dividend of $0.22 per share of common stock, payable on October 3, 2022, to shareholders of record on September 15, 2022. Additionally, a cash dividend of $0.34375 per share of Series A Preferred Stock is payable on August 22, 2022. For Q2 2022, net income for common shareholders was $124.6 million, or $0.68 per diluted share, with adjusted income at $134.2 million, or $0.73 per diluted share.
Cadence Bank (NYSE: CADE) reported strong financial results for Q2 2022, achieving a net income of $124.6 million ($0.68 per diluted share), a significant increase from $73.2 million ($0.69 per diluted share) in Q2 2021. Adjusted net income was $134.2 million ($0.73 per diluted share), up 12.3% from the previous quarter. Key highlights included a 17.3% annualized loan growth of $1.2 billion and improved net interest margin of 3.06%. The bank also saw a decline in non-performing assets by 11.4%. Additionally, there was a share repurchase of 1 million shares during the quarter.
Cadence Bank (NYSE: CADE) will release its second-quarter 2022 earnings on July 25, 2022, after market close. A webcast for the earnings call will occur on July 26, 2022, at 10:00 a.m. CT. The bank is a significant regional banking franchise with approximately $50 billion in assets and over 400 branches across the South, Midwest, and Texas, offering a full range of banking and financial solutions. Investors can listen to the live broadcast and find archived sessions via Cadence's investor relations page.
Cadence Bank (NYSE: CADE) has appointed Mandy Mitchell as Chief Experience Officer, a position crucial for enhancing customer and teammate experiences. Reporting directly to the CEO, Mitchell will drive strategies to meet evolving customer needs as the bank invests in technology solutions. With over 25 years at the company, she previously served as director of Strategic Initiatives and played a key role in integrating the operations post-merger with BancorpSouth Bank in October 2021. Cadence Bank manages approximately $50 billion in assets across 400 branches.
Cadence Bank (NYSE: CADE) declared a quarterly cash dividend of $0.22 per share of common stock, payable on July 1, 2022, for shareholders of record by June 15, 2022. Additionally, a cash dividend of $0.34375 per share for Series A Preferred Stock is set for May 20, 2022, to shareholders of record by May 5, 2022. For Q1 2022, net income available to common shareholders was $112.6 million, equating to $0.60 per diluted share, with adjusted income at $121.6 million or $0.65 per diluted share.
Cadence Bank (NYSE: CADE) reported strong financial results for Q1 2022, achieving a net income of $112.6 million or $0.60 per diluted share. Adjusted net income rose to $121.6 million or $0.65 per share. The bank saw loan growth of $307 million (4.6% annualized) and deposit growth of $767 million (7.7% annualized). Credit quality improved with a 22.4% decline in non-performing loans and no provisions for credit losses. Additionally, Cadence repurchased 5.1 million shares and increased dividends for the 10th consecutive year to $0.22 per share.
Cadence Bank (NYSE: CADE) will announce its first-quarter 2022 earnings on April 25, 2022, after market close. A webcast to discuss earnings will take place on April 26, 2022, at 10:00 a.m. CT. The interactive session will allow analysts to engage with management. Cadence Bank operates with approximately $50 billion in assets and over 400 branches across the South, Midwest, and Texas, providing a comprehensive range of banking services, including consumer and commercial banking, wealth management, and specialized lending solutions.
Cadence Bank (NYSE: CADE) announced its participation in investor conferences scheduled for March 2022. On March 8, at 9:15 a.m. ET, the bank will present at the Raymond James & Associates' 43rd Annual Institutional Investors Conference in Orlando, FL. CEO Dan Rollins will also join a merger and acquisition panel at the RBC Capital Markets Financial Institution Conference on March 9 at 1:20 p.m. ET. Both events will be webcast live and available for on-demand viewing on the company's investor relations website, enhancing engagement with investors.
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