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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.

News
FHLB Dallas, American First National Bank, Cadence Bank, Independent Financial and Inwood Bank Celebrate Awarding $80K in Grants to Three Dallas-Area Nonprofits
Rhea-AI Summary
Federal Home Loan Bank of Dallas (FHLB Dallas) Partnership Grant Program Provides 3:1 Match of Members’ Donations. Representatives from FHLB Dallas and its members awarded $80,000 in Partnership Grant Program (PGP) funds to three Dallas-area community-based organizations (CBOs) to assist them with operational and administrative costs. The PGP allows FHLB Dallas member institutions to contribute $500 to $4,000 to a nonprofit, which FHLB Dallas matches at a 3:1 ratio to provide up to $12,000 to the organization per member. The PGP helps promote and strengthen relationships between community-based nonprofits and FHLB Dallas members.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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none
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News
Cadence Bank and FHLB Dallas Celebrate Opening of Affordable Apartments at Renewal Ranch
Rhea-AI Summary
Cadence Bank and the Federal Home Loan Bank of Dallas provided a $750,000 Affordable Housing Program (AHP) subsidy to assist with the opening of two new residential buildings on the Renewal Ranch campus in Houston, Arkansas. The facilities will house 40 men in the final phase of Renewal Ranch's rehabilitation program. FHLB Dallas awarded nearly $17.2 million in AHP subsidies in 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.3%
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none
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News
First Tech Federal Credit Union Appoints Jeff Prelle to Chief Risk Officer
Rhea-AI Summary
First Tech Federal Credit Union appoints Jeff Prelle as Chief Risk Officer (CRO) to oversee enterprise risk management and lead risk measurement and reporting. Prelle brings over 20 years of leadership experience in mitigating organizational risk and establishing sustainable enterprise operations. He will be responsible for credit risk management, cyber and IT risk management, and second line of defense operations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
management
News
Cadence Bank Declares Quarterly Common and Preferred Dividends
Rhea-AI Summary
Cadence Bank (NYSE: CADE) declares quarterly cash dividends of $0.235 per share of common stock and $0.34375 per share of Series A Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.36%
Tags
dividends
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News
Cadence Bank Announces Agreement to Sell the Insurance Operations of Cadence Insurance to Arthur J. Gallagher & Co.
Rhea-AI Summary
Cadence Bank announces the sale of its insurance operations, Cadence Insurance, Inc., to Arthur J. Gallagher & Co. for $904 million in cash. The sale will allow Cadence to focus on its strategic transformation efforts and growing its core banking franchise. The transaction is financially compelling with estimated 24% tangible book value per share accretion and 160 bps improvement in CET1. The immediate net capital increase is expected to be approximately $620 million and net cash proceeds are estimated at $650 million. The sale is expected to be slightly positive to earnings per share through the use of cash proceeds to reduce wholesale borrowings. Cadence anticipates the transaction to close in the fourth quarter of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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none
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News
Arthur J. Gallagher & Co. Signs Agreement to Acquire Cadence Insurance, Inc.
Rhea-AI Summary
Arthur J. Gallagher & Co. has signed an agreement to acquire Cadence Insurance, a subsidiary of Cadence Bank. The acquisition is expected to expand Gallagher's presence in the Southeast and Texas and broaden their capabilities in niche practice groups. The deal is worth $749 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
Tags
acquisition
News
Cadence Bank Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
Cadence Bank (NYSE: CADE) announced financial results for Q3 2023. Net income available to common shareholders was $90.2M, or $0.49 per diluted common share. Adjusted net income was $103.9M, or $0.56 per diluted common share. Total loans were flat at $32.5B. Deposit balances declined $356.8M. Loan-to-deposit ratio was 84.8%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.23%
Tags
earnings
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News
Linscomb & Williams Announces Updates to the Expanding Wealth Management Team
Rhea-AI Summary
Linscomb & Williams announces updates to their wealth management team
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.79%
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none
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News
Cadence Bank Announces Third Quarter Earnings Webcast Schedule
Rhea-AI Summary
Cadence Bank (NYSE: CADE) to release Q3 2023 earnings on Oct. 23, 2023, after market close. Earnings webcast on Oct. 24, 2023, at 10:00 a.m. CT. Interactive session between management and analysts. Webcast link: https://ir.cadencebank.com/events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.09%
Tags
earnings
News
Cadence Bank Supports Local Boys & Girls Clubs Across Its Nine-State Southeast Footprint
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
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none
Stock CADE logo
Cadence Bank

NYSE:CADE

CADE Rankings

#1198 Ranked by Market Cap
#3576 Ranked by Stock Gains
#940 Ranked by Dividends

CADE Stock Data

4.89B
179.67M
0.01%
85.58%
4.28%
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