Cadence Bk Stock Price, News & Analysis

Cadence Bank (NYSE: CADE) reported strong financial results for Q2 2022, achieving a net income of $124.6 million ($0.68 per diluted share), a significant increase from $73.2 million ($0.69 per diluted share) in Q2 2021. Adjusted net income was $134.2 million ($0.73 per diluted share), up 12.3% from the previous quarter. Key highlights included a 17.3% annualized loan growth of $1.2 billion and improved net interest margin of 3.06%. The bank also saw a decline in non-performing assets by 11.4%. Additionally, there was a share repurchase of 1 million shares during the quarter.

Cadence Bank (NYSE: CADE) will release its second-quarter 2022 earnings on July 25, 2022, after market close. A webcast for the earnings call will occur on July 26, 2022, at 10:00 a.m. CT. The bank is a significant regional banking franchise with approximately $50 billion in assets and over 400 branches across the South, Midwest, and Texas, offering a full range of banking and financial solutions. Investors can listen to the live broadcast and find archived sessions via Cadence's investor relations page.

Cadence Bank (NYSE: CADE) has appointed Mandy Mitchell as Chief Experience Officer, a position crucial for enhancing customer and teammate experiences. Reporting directly to the CEO, Mitchell will drive strategies to meet evolving customer needs as the bank invests in technology solutions. With over 25 years at the company, she previously served as director of Strategic Initiatives and played a key role in integrating the operations post-merger with BancorpSouth Bank in October 2021. Cadence Bank manages approximately $50 billion in assets across 400 branches.

Cadence Bank (NYSE: CADE) declared a quarterly cash dividend of $0.22 per share of common stock, payable on July 1, 2022, for shareholders of record by June 15, 2022. Additionally, a cash dividend of $0.34375 per share for Series A Preferred Stock is set for May 20, 2022, to shareholders of record by May 5, 2022. For Q1 2022, net income available to common shareholders was $112.6 million, equating to $0.60 per diluted share, with adjusted income at $121.6 million or $0.65 per diluted share.

Cadence Bank (NYSE: CADE) reported strong financial results for Q1 2022, achieving a net income of $112.6 million or $0.60 per diluted share. Adjusted net income rose to $121.6 million or $0.65 per share. The bank saw loan growth of $307 million (4.6% annualized) and deposit growth of $767 million (7.7% annualized). Credit quality improved with a 22.4% decline in non-performing loans and no provisions for credit losses. Additionally, Cadence repurchased 5.1 million shares and increased dividends for the 10th consecutive year to $0.22 per share.

Cadence Bank (NYSE: CADE) will announce its first-quarter 2022 earnings on April 25, 2022, after market close. A webcast to discuss earnings will take place on April 26, 2022, at 10:00 a.m. CT. The interactive session will allow analysts to engage with management. Cadence Bank operates with approximately $50 billion in assets and over 400 branches across the South, Midwest, and Texas, providing a comprehensive range of banking services, including consumer and commercial banking, wealth management, and specialized lending solutions.

Cadence Bank (NYSE: CADE) announced its participation in investor conferences scheduled for March 2022. On March 8, at 9:15 a.m. ET, the bank will present at the Raymond James & Associates' 43rd Annual Institutional Investors Conference in Orlando, FL. CEO Dan Rollins will also join a merger and acquisition panel at the RBC Capital Markets Financial Institution Conference on March 9 at 1:20 p.m. ET. Both events will be webcast live and available for on-demand viewing on the company's investor relations website, enhancing engagement with investors.

Cadence Bank (NYSE: CADE) has unveiled its $20.7 billion Community Benefits Plan for 2022-2026, aimed at enhancing support for underserved communities. Collaborating with the National Community Reinvestment Coalition (NCRC), the plan focuses on mortgage lending, small business lending, community development, philanthropy, and volunteer services across several states including Alabama and Texas. Key allocations include $11.8 billion for residential loans, $6.5 billion for small business loans, and $2.4 billion for community development investment. This initiative follows the merger that established a regional banking leader with $50 billion in assets.