Welcome to our dedicated page for Cadence Bk news (Ticker: CADE), a resource for investors and traders seeking the latest updates and insights on Cadence Bk stock.
Cadence Bank (NYSE: CADE) delivers regional banking solutions through corporate services, community branches, and mortgage operations across Southern U.S. markets. This page provides centralized access to official company announcements and financial news, offering stakeholders critical insights into strategic developments.
Investors and analysts will find timely updates on earnings reports, merger activity, leadership changes, and regulatory filings. The curated collection includes press releases covering product launches, community initiatives, and operational milestones that shape CADE's market position.
Content is organized to highlight key banking sector developments including commercial lending trends, wealth management expansions, and technology integrations. Users can track both corporate-level decisions and local market impacts through verified sources.
Bookmark this page for streamlined monitoring of CADE's financial trajectory. Combine regular visits with SEC filings and market analysis tools for comprehensive investment research.
Cadence Bank (NYSE: CADE) announced strong Q2 2024 financial results, with net income available to common shareholders of $135.1 million, or $0.73 per diluted share. Adjusted net income from continuing operations was $127.9 million, or $0.69 per diluted share, up 11.3% from Q1 2024. The bank achieved record adjusted pre-tax pre-provision net revenue of $190.9 million, up 19.7% year-over-year. Key highlights include:
- Net organic loan growth of $430.2 million (5.3% annualized)
- Core customer deposit growth of $237.4 million (2.9% annualized)
- Net interest margin improvement to 3.27%
- Stable credit quality with flat provision for credit losses
- Improved efficiency ratio to 56.7%
- Strong capital position with Common Equity Tier 1 Capital of 11.9%
The bank's performance reflects steady loan and deposit growth, stable funding costs, and improved operating efficiency.
Cadence Bank (NYSE: CADE) has announced its schedule for releasing its second quarter 2024 earnings. The earnings report will be published on Monday, July 22, 2024, after market close.
An earnings webcast is scheduled for Tuesday, July 23, 2024, at 10:00 a.m. CT. The webcast will feature a live conference call between management and analysts.
The live broadcast and an archived version will be available at https://ir.cadencebank.com/events.
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