Welcome to our dedicated page for Cadence news (Ticker: CADE), a resource for investors and traders seeking the latest updates and insights on Cadence stock.
Cadence Bank reports developments tied to its regional banking franchise, preferred stock dividends, operating results, governance matters and capital-structure disclosures. The bank serves individuals, businesses and corporations with banking, investment, trust and mortgage products and services across the South and Texas.
Recurring updates also include shareholder voting matters, material agreements, risk-related disclosures, community programs through the Cadence Bank Foundation and news from Linscomb Wealth, the bank’s wholly owned wealth management subsidiary.
Cadence Bank has integrated Zelle into its mobile and online banking platforms, enhancing digital payment options for customers. With over 140 million consumers already using Zelle, the service facilitates fast, secure person-to-person transactions directly from bank accounts. Customers can send and receive money using only an email address or mobile number, with funds typically available within minutes. Cadence Bank aims to meet the growing demand for cashless solutions, reflecting a commitment to enhancing customer convenience.
Cadence Bancorporation (NYSE: CADE) reported a net income of $49.3 million or $0.39 per share for Q3 2020, up from $44.0 million or $0.34 per share in Q3 2019, and reversing a net loss of ($56.1 million) in Q2 2020. Adjusted net income reached $51.4 million or $0.40 per share. The bank's net interest margin remained stable at 3.49%. Common Equity Tier 1 capital increased to 12.0%. Despite improvements in credit quality, the bank experienced ongoing credit pressures linked to COVID-19, impacting sectors like hospitality and restaurants.