STOCK TITAN

Cadence Bank - CADE STOCK NEWS

Welcome to our dedicated news page for Cadence Bank (Ticker: CADE), a resource for investors and traders seeking the latest updates and insights on Cadence Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Cadence Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Cadence Bank's position in the market.

Rhea-AI Summary
Cadence Bank (CADE) to release first quarter 2024 earnings on April 22, 2024, followed by a webcast on April 23, 2024, at 10:00 a.m. CT. The webcast will feature live coverage of the management's conference call with analysts and will be interactive.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.51%
Tags
earnings
-
Rhea-AI Summary
Cadence Bank (NYSE: CADE) announced strong financial results for the quarter and year ended December 31, 2023. The company achieved net income of $532.8 million and reported adjusted net income of $401.2 million from continuing operations. The sale of Cadence Insurance to Arthur J. Gallagher & Co. generated approximately $620 million in net capital creation. The company executed a securities portfolio restructuring, improving net interest margin and profitability. The company reported quarterly net income of $256.7 million and adjusted net income of $72.7 million. The net interest margin improved to 3.04% from 2.98% for the third quarter of 2023. Total loans remained flat at $32.5 billion, while deposit balances increased by $161.3 million. The Common Equity Tier 1 ratio improved by 130 basis points to 11.6%, and the Total Capital ratio improved by 140 basis points to 14.3%. The company's strong balance sheet liquidity was maintained with a loan-to-deposit ratio of 84.4% at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
earnings
-
Rhea-AI Summary
Cadence Bank (NYSE: CADE) announced strong financial results for the quarter and year ended December 31, 2023. The company achieved net income of $532.8 million and reported adjusted net income of $401.2 million from continuing operations. The sale of Cadence Insurance to Arthur J. Gallagher & Co. generated approximately $620 million in net capital creation. The company executed a securities portfolio restructuring, improving net interest margin and profitability. The company reported quarterly net income of $256.7 million and adjusted net income of $72.7 million. The net interest margin improved to 3.04% from 2.98% for the third quarter of 2023. Total loans remained flat at $32.5 billion, while deposit balances increased by $161.3 million. The Common Equity Tier 1 ratio improved by 130 basis points to 11.6%, and the Total Capital ratio improved by 140 basis points to 14.3%. The company's strong balance sheet liquidity was maintained with a loan-to-deposit ratio of 84.4% at December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.74%
Tags
earnings
Rhea-AI Summary
Cadence Bank (CADE) has declared a quarterly cash dividend of $0.25 per share of common stock, representing a 6.4% increase compared to the previous dividend. Additionally, a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock was declared. The common stock dividend is payable on April 1, 2024, and the preferred stock dividend is payable on February 20, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
dividends
-
Rhea-AI Summary
Cadence Bank (NYSE: CADE) donated $150,000 to 10 nonprofit organizations through the Cadence Cares Holiday Program. Over 6,500 people voted for their chosen nonprofits, with the organizations splitting the donation based on the number of votes received. The program aims to empower individuals to positively impact causes that matter most to them. The nonprofits focus on improving the circumstances for low- and moderate-income families and individuals, as well as revitalizing neighborhoods.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
-
Rhea-AI Summary
Cadence Bank (NYSE: CADE) will release its fourth-quarter 2023 earnings on January 29, 2024, and hold its earnings webcast on January 30, 2024. The webcast will provide live coverage of management's conference call with analysts and will be available for others to listen to as well. The archived format will also be available at the same web address.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
earnings
Rhea-AI Summary
Cadence Bank (NYSE: CADE) authorized a new share repurchase program allowing the company to buy up to 10 million shares of its common stock. The program will be effective from January 2, 2024, to December 31, 2024. The company has not repurchased shares under its current program, and the new program allows for purchases through various means, subject to regulatory approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.08%
Tags
buyback
-
Rhea-AI Summary
Linscomb and Williams (L&W) has been named to the Barron's Top 100 RIA Firms list as number 92. As a subsidiary of Cadence Bank (NYSE: CADE), L&W provides wealth advisory services and has been recognized for its commitment to meeting clients' needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.81%
Tags
none
-
Rhea-AI Summary
Cadence Bank (NYSE: CADE) completes the $904 million cash sale of its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. (NYSE: AJG), supporting its focus on core banking business and long-term strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.4%
Tags
none
Rhea-AI Summary
Cadence Bank (NYSE: CADE) completes the $904 million cash sale of its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. (NYSE: AJG), supporting its focus on core banking business and long-term strategic initiatives.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.31%
Tags
none
Cadence Bank

NYSE:CADE

CADE Rankings

CADE Stock Data

5.28B
179.67M
0.01%
85.27%
3.79%
Commercial Banking
Finance and Insurance
Link
United States
Tupelo

About CADE

cadence bancorp, headquartered in houston, texas, is a leading regional banking company with $8.2 billion in assets. through cadence bank, its operating subsidiary, cadence operates a network of more than 70 branches in alabama, florida, mississippi, tennessee and texas. by understanding what moves our customers and staying in lock step with them through all phases of their financial lives, cadence bank provides a unique and refreshing banking alternative to those who demand something dramatically better than what they’ve experienced in the past. innovative new methods and products for both commercial and personal customers that add value to your lives. a hyper-focused customer service team that keeps the rhythm of our relationship running smoothly. top-tier professionals on the front line that have a track record of success. and right in tune with you, a commitment to making the community in which we work and live a better place. at cadence bank, we’re out to lead the banking revo