Cadence Bk Stock Price, News & Analysis

Cadence Bank (NYSE: CADE) has successfully completed its acquisition of Industry Bancshares, Inc. and its six subsidiary banks, effective July 1, 2025. The merger, which received all necessary regulatory and shareholder approvals, significantly expands Cadence's Texas presence.

The combined entity will operate more than 380 branches across the South and Texas, with over 400 ATM and LIVE Teller locations. Industry Bancshares brought significant financial strength to the merger, reporting total assets of $4.4 billion, total loans of $1.1 billion, and total deposits of $4.5 billion as of March 31, 2025 (unaudited).

Customers of Industry Bancshares's subsidiaries will maintain their current banking services until operational integration occurs in Q4 2025. The FDIC will continue to insure customer deposits, with special provisions for time deposits extending through January 1, 2026.

Encore Enterprises has acquired a Class B medical office building at 16980 N. Dallas Parkway for $7 million, financed through Cadence Bank (CADE). The two-story property features 61,356 rentable square feet at $114 PSF, situated on 3.144 acres. The building is currently 58.2% occupied by five long-term credit tenants with no lease expirations until 2026. Encore will relocate its corporate headquarters to the property and self-manage it, marking its only commercial office asset among 27 properties under management. The 1985-built facility, renovated between 2015-2017, includes 50 below-grade garage spaces and 22 covered surface parking spaces. The property includes over 1 acre of vacant land for potential future development and offers strategic access to major transportation hubs, restaurants, retail establishments, and nature trails.

Cadence Bank (NYSE: CADE) has successfully completed its merger with FCB Financial Corp., the parent company of First Chatham Bank, a Savannah-based community bank. The strategic merger strengthens Cadence's market position in Savannah and Coastal Georgia. Ken Farrell, FCB Financial's long-time leader, will join Cadence Bank in a leadership role in Savannah. The merger aims to enhance customer service through an expanded suite of financial products and services, while creating new opportunities for employees, customers, communities, and shareholders.

Cadence Bank (NYSE: CADE) has announced a definitive merger agreement to acquire Industry Bancshares, Inc., which operates six bank subsidiaries across 27 full-service branches in Central and Southeast Texas. The acquisition target reported $4.4 billion in total assets, $1.1 billion in total loans, and $4.5 billion in total deposits as of March 31, 2025.

The transaction value is set between $20 million and $60 million in cash, subject to conditions and adjustments based on Industry Bancshares' equity capital at closing. The merger, unanimously approved by both boards, is expected to close in the second half of 2025, pending regulatory and shareholder approvals.

The merger will expand Cadence's Texas presence in growing markets and strengthen its core deposit base. Key executives from Industry Bancshares, including Doak Hartley and Michelle Hodge, will continue in leadership roles post-merger.

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) has announced its latest dividend declarations following a board of directors meeting on April 23, 2025. The bank declared a quarterly cash dividend of $0.275 per share of common stock, which will be paid on July 1, 2025, to shareholders of record as of June 13, 2025.

Additionally, the board approved a quarterly cash dividend of $0.34375 per share for Series A Preferred Stock, scheduled for payment on May 20, 2025, to shareholders of record as of May 5, 2025.

Cadence Bank (NYSE: CADE) reported strong Q1 2025 financial results with net income of $130.9 million, or $0.70 per diluted share. The bank achieved improved metrics including:

- Return on average assets increased to 1.15%
- Net interest margin improved to 3.46%
- Generated net organic loan growth of $309.9 million (3.7% annualized)
- Maintained strong capital position with 12.4% Common Equity Tier 1 Capital

The bank's total deposits were $40.3 billion, with loans at $34.1 billion. Credit quality remained stable with net charge-offs at 0.27% of average loans. The efficiency ratio improved to 57.6%. Additionally, CADE received all regulatory approvals for its merger with First Chatham Bank, expected to close May 1, 2025, expanding its presence in Savannah, Georgia.

Cadence Bank (NYSE: CADE) has announced the adjournment of its special meeting of shareholders until April 25, 2025, to gather additional preferred shareholder votes for Proposal 2. The proposal would authorize the Board to implement stock repurchases under Regulation H.

The Board has declared a special cash dividend of $0.34375 per share of Series A Preferred Stock (NYSE: CADE/PA), contingent upon Proposal 2 receiving two-thirds approval from preferred stockholders. If approved, the dividend would be paid on May 7, 2025, to shareholders of record as of April 30, 2025.

Common shareholders have already approved all four proposals on December 30, 2024, while preferred shareholders have approved Proposal 4. The record date for voting eligibility remains November 8, 2024. The reconvened virtual Special Meeting will be held at 9:00 a.m. Central Time.

Cadence Bank (NYSE: CADE) has scheduled its first quarter 2025 earnings release and webcast. The bank will disclose its Q1 2025 financial results on Monday, April 21, 2025, after market close. The earnings webcast, featuring management's conference call with analysts, is set for Tuesday, April 22, 2025, at 10:00 AM CT.

The interactive session will be accessible to the public through the bank's investor relations website at https://ir.cadencebank.com/events. While analysts will participate directly in the discussion with management, other interested parties can listen to the live broadcast. An archived version of the conference call will remain available at the same web address.