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 (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 (NYSE: CADE) has received four prestigious Coalition Greenwich Best Bank Awards for 2025, highlighting its excellence in middle market and small business banking services. The awards include recognition for Overall Satisfaction in both Middle Market and Small Business Banking, along with specific honors for Cash Management and Relationship Management in Small Business Banking.
The recognition was based on extensive research involving interviews with over 13,000 small businesses ($1-$10M sales) and nearly 12,000 middle-market firms ($10-$500M sales). Notably, Cadence Bank was among less than 10% of over 500 banks evaluated to receive this recognition.
Cadence Bank (NYSE:CADE) reported strong Q2 2025 financial results with net income of $129.9 million ($0.69 per diluted share) and adjusted net income of $137.5 million ($0.73 per diluted share). The bank achieved significant organic growth with $1.1 billion in net loan growth (12.6% annualized) and $376 million in core customer deposits (4.4% annualized).
The quarter was marked by two strategic acquisitions: First Chatham Bank (completed May 1, adding $604M in assets) and Industry Bancshares (completed July 1, adding $4.1B in assets). The bank maintained strong capital positions with Common Equity Tier 1 Capital of 12.2% and declared quarterly dividends of $0.275 per common share and $0.34375 per Series A Preferred Share.
Net interest revenue increased to $378.1 million, up 4.1% from Q1, while maintaining stable credit quality with net charge-offs at 0.24% of average loans.
Cadence Bank (NYSE: CADE) has announced its schedule for second quarter 2025 earnings release and webcast. The bank will release its Q2 2025 financial results on Wednesday, July 23, 2025, after market close. A subsequent earnings webcast is scheduled for Thursday, July 24, 2025, at 10:00 AM CT.
The webcast will feature management's conference call with analysts and will be accessible through the bank's investor relations website. While the interactive session will primarily focus on dialogue between management and analysts, the live broadcast will be available to all interested parties. An archived version of the conference call will also be made available on the same platform.
Cadence Bank (NYSE: CADE) has successfully completed its acquisition of Industry Bancshares, Inc. and its six subsidiary banks, effective July 1, 2025. The merger, which received all necessary regulatory and shareholder approvals, significantly expands Cadence's Texas presence.
The combined entity will operate more than 380 branches across the South and Texas, with over 400 ATM and LIVE Teller locations. Industry Bancshares brought significant financial strength to the merger, reporting total assets of $4.4 billion, total loans of $1.1 billion, and total deposits of $4.5 billion as of March 31, 2025 (unaudited).
Customers of Industry Bancshares's subsidiaries will maintain their current banking services until operational integration occurs in Q4 2025. The FDIC will continue to insure customer deposits, with special provisions for time deposits extending through January 1, 2026.
Cadence Bank (NYSE: CADE) has successfully completed its merger with FCB Financial Corp., the parent company of First Chatham Bank, a Savannah-based community bank. The strategic merger strengthens Cadence's market position in Savannah and Coastal Georgia. Ken Farrell, FCB Financial's long-time leader, will join Cadence Bank in a leadership role in Savannah. The merger aims to enhance customer service through an expanded suite of financial products and services, while creating new opportunities for employees, customers, communities, and shareholders.
Cadence Bank (NYSE: CADE) has announced a definitive merger agreement to acquire Industry Bancshares, Inc., which operates six bank subsidiaries across 27 full-service branches in Central and Southeast Texas. The acquisition target reported $4.4 billion in total assets, $1.1 billion in total loans, and $4.5 billion in total deposits as of March 31, 2025.
The transaction value is set between $20 million and $60 million in cash, subject to conditions and adjustments based on Industry Bancshares' equity capital at closing. The merger, unanimously approved by both boards, is expected to close in the second half of 2025, pending regulatory and shareholder approvals.
The merger will expand Cadence's Texas presence in growing markets and strengthen its core deposit base. Key executives from Industry Bancshares, including Doak Hartley and Michelle Hodge, will continue in leadership roles post-merger.
Cadence Bank (NYSE: CADE) has announced a new share repurchase program authorized by its Board of Directors. The program allows for the purchase of up to 10 million shares of common stock, pending Federal Reserve approval, and will run through December 31, 2025.
The shares may be acquired through open market transactions at prevailing prices, private negotiations, or other means in compliance with federal securities laws. The program's implementation details, including timing, volume, and price range, will be determined by management based on factors such as capital position, liquidity, financial performance, stock price, market conditions, and regulatory requirements.
The Board retains discretion to extend, modify, suspend, or discontinue the program at any time, with no commitment to repurchase any specific number of shares.
Cadence Bank (NYSE: CADE) has announced its latest dividend declarations following a board of directors meeting on April 23, 2025. The bank declared a quarterly cash dividend of $0.275 per share of common stock, which will be paid on July 1, 2025, to shareholders of record as of June 13, 2025.
Additionally, the board approved a quarterly cash dividend of $0.34375 per share for Series A Preferred Stock, scheduled for payment on May 20, 2025, to shareholders of record as of May 5, 2025.
Cadence Bank (NYSE: CADE) reported strong Q1 2025 financial results with net income of $130.9 million, or $0.70 per diluted share. The bank achieved improved metrics including:
- Return on average assets increased to 1.15%
- Net interest margin improved to 3.46%
- Generated net organic loan growth of $309.9 million (3.7% annualized)
- Maintained strong capital position with 12.4% Common Equity Tier 1 Capital
The bank's total deposits were $40.3 billion, with loans at $34.1 billion. Credit quality remained stable with net charge-offs at 0.27% of average loans. The efficiency ratio improved to 57.6%. Additionally, CADE received all regulatory approvals for its merger with First Chatham Bank, expected to close May 1, 2025, expanding its presence in Savannah, Georgia.