Cadence Bank Stock Price, News & Analysis

Cadence Bank (NYSE: CADE) is a regional commercial bank in the finance and insurance sector, operating as a banking franchise in the United States. According to company disclosures, Cadence Bank is a regional bank with approximately $50–53 billion in assets and more than 390 locations across Texas and the broader South. It focuses on helping people, companies and communities prosper by offering banking, investment, trust and mortgage products and services to individuals, businesses and corporations.

Cadence Bank is described as a regional banking franchise with branch locations across multiple southern states, including Texas and other markets in the South. The bank notes that it has served customers for nearly 150 years, reflecting a long operating history in U.S. commercial banking. Its stock trades on the New York Stock Exchange under the symbol CADE, and it is a Member FDIC and Equal Housing Lender.

Business Segments and Services

Based on available information, Cadence Bank operates through several banking and financial service activities. A Polygon description identifies operating segments that include a Corporate Banking segment focused on commercial and industrial (C&I), business banking and commercial real estate lending within its geographic footprint. A Community Banking segment provides banking services through its branch network to community businesses and individual consumers. A Mortgage segment includes mortgage banking activities such as originating mortgage loans, selling them in the secondary market and servicing the loans. A Banking Services segment offers solutions to individuals, businesses, governmental institutions and non-profit entities to help protect, grow and transfer wealth. There is also a General Corporate and Other segment.

Company communications further describe Cadence Bank as providing consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning and retirement plan management. These activities align with its classification in the commercial banking industry.

Geographic Footprint and Market Focus

Cadence Bank is characterized as a regional bank headquartered in Houston, Texas and Tupelo, Mississippi in certain disclosures, with a branch network that spans the South and Texas. It operates more than 390 locations across Texas and the South, and one description notes that Cadence operates branches across Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas. The bank emphasizes a relationship-first, community-based approach to banking and notes that it serves individuals, small and middle-market businesses, corporations and other organizations within its footprint.

Wealth and Investment Services

Cadence Bank also highlights its wealth services platform. Company materials state that its wealth offerings include Linscomb Wealth, Cadence Asset Management & Trust, Cadence Investment Services and private banking solutions. Linscomb Wealth is described as a fee-only wealth management firm and registered investment advisor that is a wholly owned subsidiary of Cadence Bank and represents the fiduciary RIA pillar of Cadence Bank’s wealth services platform. Through this platform, Cadence Bank indicates that it offers investment, trust and wealth management services to high-net-worth and other clients.

Community and Philanthropic Engagement

Cadence Bank communications reference community-focused initiatives such as the Cadence Cares Holiday Program, which directs donations through the Cadence Bank Foundation to nonprofit organizations serving low-to-moderate-income families, individuals and neighborhoods in areas where the bank operates. The program is described as empowering customers, teammates and community members to vote for participating nonprofits, with funds allocated based on votes. Cadence also participates in initiatives supporting affordable housing, such as a grant collaboration with the Federal Home Loan Bank of Dallas and other banks to support construction of homes for low- to moderate-income households in Louisiana.

Corporate Recognition

The bank notes that it has been recognized as one of the nation’s best employers by Forbes and U.S. News & World Report and as one of America’s Best Banks by Forbes. These recognitions are cited in multiple company news releases as acknowledgments of its position within the regional banking landscape and its employment practices.

Strategic Transactions and Growth

Cadence Bank has described growth through acquisitions and strategic combinations. In a financial results release, the company reports completing acquisitions of First Chatham Bank and Industry Bancshares, Inc., and notes that these transactions added assets, loans and deposits and expanded its geographic footprint and lending verticals. Company materials also describe a definitive agreement under which Huntington Bancshares Incorporated announced plans to acquire Cadence Bank in a stock transaction. Subsequent releases state that required regulatory approvals for the merger of Cadence Bank with and into The Huntington National Bank have been received, and that shareholders of both Huntington and Cadence have approved the proposed merger, with closing subject to remaining customary conditions.

In describing the planned combination, the companies state that the transaction is expected to establish a strategic presence across the South with scale in Texas and Mississippi, and to create a top-10 bank by assets and deposits. Cadence Bank communications emphasize that the partnership is expected to maintain Cadence’s branch network and continue its relationship-first, community-based banking approach, while providing access to additional capabilities from Huntington.

Operating Profile

Cadence Bank characterizes itself as a regional banking franchise serving consumers, businesses and corporations with a range of banking and financial services. It highlights activities in commercial and industrial lending, commercial real estate lending, community banking, mortgage banking, wealth management, investment and trust services, and various specialized lending and treasury-related services. Its long operating history, multi-state branch network and combination of traditional banking and wealth services are central to its stated business model.