Cadence Bank (CADE)

Cadence Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,126	2,009	1,350	766.22	708.42	702.63
Interest Income on Investments	364.16	300.91	210.37	115.82	91.07	72.39
Total Interest Income	2,490	2,310	1,561	882.03	799.49	775.01
Interest Paid on Deposits	903.54	734.15	139.67	60.85	90.75	103.51
Interest Paid on Borrowings	212.63	224.66	69.63	15.48	17.78	21.56
Total Interest Expense	1,116	958.81	209.29	76.32	108.53	125.07
Net Interest Income	1,374	1,351	1,351	805.71	690.97	649.94
Net Interest Income Growth (YoY)	-2.05%	0.00%	67.71%	16.61%	6.31%	12.99%
Trust Income	90.5	86.93	80.49	39.51	26.21	24.81
Mortgage Banking Activities	17.16	18.98	44.86	58.05	86.25	19.78
Gain (Loss) on Sale of Investments	-384.47	-435.65	-0.38	-0.4	0.06	0.17
Other Non-Interest Income	109.53	101.9	85.89	35.11	147.83	151.25
Total Non-Interest Income	-53.03	-116.34	342.49	242.91	336.5	280.68
Non-Interest Income Growth (YoY)	-	-	41.00%	-27.82%	19.89%	-0.48%
Revenues Before Loan Losses	1,321	1,235	1,694	1,049	1,027	930.63
Provision for Loan Losses	99	80	7	138.06	89.04	1.5
Revenue	1,222	1,155	1,687	910.55	938.43	929.13
Revenue Growth (YoY)	-22.74%	-31.53%	85.25%	-2.97%	1.00%	8.96%
Salaries and Employee Benefits	579.37	595.32	597.79	356.03	400.01	380.1
Occupancy Expenses	113.09	110.97	114.46	76.24	60.28	65.84
Federal Deposit Insurance	80.31	72.22	18.71	8.7	6.73	9.14
Amortization of Goodwill & Intangibles	16.91	19.39	18.43	10.73	9.61	-
Selling, General & Administrative	185.64	188.01	189.21	99.08	92.94	76.31
Other Non-Interest Expense	148.41	164.82	120.3	75.13	75.98	84.34
Total Non-Interest Expense	1,124	1,151	1,059	625.93	645.54	615.74
EBT Excluding Unusual Items	98.05	4.28	627.87	284.63	292.89	313.39
Pretax Income	98.05	-0.91	577.02	224.73	287.55	299.52
Income Tax Expense	20.19	-4.59	129.71	45.96	59.49	65.26
Earnings From Continuing Operations	77.87	3.68	447.32	178.78	228.05	234.26
Earnings From Discontinued Operations	528.23	538.62	15.92	16.39	-	-
Net Income	606.1	542.3	463.24	195.16	228.05	234.26
Preferred Dividends & Other Adjustments	9.49	9.49	9.49	9.49	9.49	-
Net Income to Common	596.61	532.82	453.75	185.67	218.56	234.26
Net Income Growth	47.11%	17.07%	137.36%	-14.42%	-2.65%	5.85%
Basic Shares Outstanding	183	183	184	120	103	102
Diluted Shares Outstanding	183	183	184	121	103	102
Shares Change (YoY)	-0.12%	-1.02%	52.90%	16.81%	1.47%	2.70%
EPS (Basic)	3.27	2.92	2.47	1.54	2.12	2.31
EPS (Diluted)	3.25	2.92	2.46	1.54	2.12	2.30
EPS Growth	48.38%	18.79%	59.94%	-27.56%	-7.83%	3.14%
Dividend Per Share	0.960	0.940	0.880	0.780	0.745	0.710
Dividend Growth	4.35%	6.82%	12.82%	4.70%	4.93%	14.52%
Effective Tax Rate	20.59%	-	22.48%	20.45%	20.69%	21.79%

Source: S&P Capital IQ. Banks template. Financial Sources.