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) is a regional commercial bank with a multi-state footprint across Texas and the South, and its news flow reflects activity across banking, wealth management and community initiatives. Company announcements describe a franchise with more than 390 locations and a focus on serving individuals, businesses and corporations through banking, investment, trust and mortgage products and services.
News related to CADE often includes financial results, such as quarterly earnings releases that discuss net income, loan and deposit growth, net interest margin, credit quality metrics and the impact of acquisitions on the balance sheet. These releases also highlight developments in corporate and community banking, mortgage banking and wealth management revenue.
Another recurring theme in Cadence Bank news is strategic transactions. The company has reported acquisitions of other banking organizations, and Huntington Bancshares Incorporated has announced a definitive agreement to acquire Cadence Bank. Subsequent releases note regulatory approvals and shareholder approvals for the proposed merger of Cadence Bank with and into The Huntington National Bank, with closing subject to remaining customary conditions.
CADE news items also cover community and philanthropic programs, including the Cadence Cares Holiday Program, which channels donations through the Cadence Bank Foundation to nonprofits serving low- to moderate-income communities, and collaborations supporting affordable housing projects. In addition, Cadence-related news includes updates from Linscomb Wealth, a wholly owned subsidiary that forms part of Cadence Bank’s wealth services platform and reports on milestones and industry recognitions.
Investors and observers can use the CADE news page to follow developments in earnings, capital actions such as dividend declarations, merger progress, community engagement and wealth management activities associated with Cadence Bank.
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.