Cadence Bank (CADE)

NYSE: CADE · IEX Real-Time Price · USD
24.86
+0.36 (1.45%)
Nov 29, 2023, 9:36 AM EST - Market open
1.45%
Market Cap 4.54B
Revenue (ttm) 1.82B
Net Income (ttm) 381.17M
Shares Out 182.66M
EPS (ttm) 2.03
PE Ratio 12.07
Forward PE 9.97
Dividend $0.94 (3.78%)
Ex-Dividend Date Dec 14, 2023
Volume 17,879
Open 24.69
Previous Close 24.50
Day's Range 24.80 - 24.94
52-Week Range 16.95 - 29.17
Beta 1.01
Analysts Buy
Price Target 25.88 (+4.12%)
Earnings Date Oct 23, 2023

About CADE

Cadence Bank provides commercial banking and financial services. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services. The company's products and services also comprise small business administration lending, foreign exchange, wealth management, investment and trust, financial planning, retirement plan managem... [Read more]

Sector Financials
Founded 1876
Employees 6,160
Stock Exchange NYSE
Ticker Symbol CADE
Full Company Profile

Financial Performance

In 2022, Cadence Bank's revenue was $1.84 billion, an increase of 55.79% compared to the previous year's $1.18 billion. Earnings were $463.24 million, an increase of 137.36%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CADE stock is "Buy." The 12-month stock price forecast is $25.88, which is an increase of 4.12% from the latest price.

Price Target
$25.88
(4.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cadence Bank and FHLB Dallas Celebrate Opening of Affordable Apartments at Renewal Ranch

HOUSTON, Ark.--(BUSINESS WIRE)--Representatives from Cadence Bank (NYSE: CADE) and the Federal Home Loan Bank of Dallas (FHLB Dallas) were joined by local dignitaries as they celebrated the opening an...

25 days ago - Business Wire

First Tech Federal Credit Union Appoints Jeff Prelle to Chief Risk Officer

Recognized leader to accelerate First Tech's enterprise risk management function for continued growth and exceptional member experiences     SAN JOSE, Calif. and HILLSBORO, Ore.

4 weeks ago - PRNewsWire

Cadence Bank Declares Quarterly Common and Preferred Dividends

TUPELO, Miss. and HOUSTON , Oct. 25, 2023 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.235 per share of ...

4 weeks ago - PRNewsWire

Cadence Bank Announces Agreement to Sell the Insurance Operations of Cadence Insurance to Arthur J. Gallagher & Co.

Strategic decision positions both Cadence Bank and Cadence Insurance for future success. HOUSTON and TUPELO, Miss.

Other symbols: AJG
5 weeks ago - PRNewsWire

Arthur J. Gallagher & Co. Signs Agreement to Acquire Cadence Insurance, Inc.

ROLLING MEADOWS, Ill. , Oct. 24, 2023 /PRNewswire/ -- Arthur J.

Other symbols: AJG
5 weeks ago - PRNewsWire

Cadence Bank Announces Third Quarter 2023 Financial Results

HOUSTON and TUPELO, Miss. , Oct. 23, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended September 30, 2023.

5 weeks ago - PRNewsWire

Linscomb & Williams Announces Updates to the Expanding Wealth Management Team

HOUSTON , Oct. 17, 2023 /PRNewswire/ -- Linscomb & Williams (L&W), a Cadence Bank (NYSE: CADE) subsidiary, announced today several updates to their wealth management team. The individuals listed below...

6 weeks ago - PRNewsWire

Cadence Bank Announces Third Quarter Earnings Webcast Schedule

HOUSTON and TUPELO, Miss. , Oct. 3, 2023 /PRNewswire/ -- – Cadence Bank (NYSE: CADE) will release its third-quarter 2023 earnings on Monday, October 23, 2023, after the close of the financial markets.

2 months ago - PRNewsWire

Regional banks facing credit losses for commercial real estate: Moody's study

A survey of commercial real estate exposure by U.S. regional banks reveals increasing asset risk and potential credit losses as loans mature over the next 18 months, Moody's Investors Service said.

2 months ago - Market Watch

Cadence Bank Supports Local Boys & Girls Clubs Across Its Nine-State Southeast Footprint

HOUSTON and TUPELO, Miss. , Aug. 2, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) is proud to announce its support for local Boys and Girls Clubs (Club) through a series of volunteering initiatives t...

4 months ago - PRNewsWire

Cadence Bank Announces Second Quarter 2023 Financial Results

HOUSTON and TUPELO, Miss. , July 24, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended June 30, 2023.

4 months ago - PRNewsWire

These 20 banks have had the largest cuts to earnings estimates

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big s...

Other symbols: ALLYARESBACBPOPCCFGCMA
5 months ago - Market Watch

Cadence Bank Announces Second Quarter Earnings Webcast Schedule

HOUSTON and TUPELO, Miss. , June 29, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its second-quarter 2023 earnings on Monday, July 24, 2023, after the close of the financial markets.

5 months ago - PRNewsWire

Cadence Bank Recognized by America Saves for Ninth Consecutive Year of Promoting Savings

HOUSTON and TUPELO, Miss. , June 12, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) received the 2023 America Saves Designation of Savings Excellence (DOSE) for its ninth consecutive year of promoting...

6 months ago - PRNewsWire

Cadence Bank Receives Outstanding Rating in CRA Evaluation, Demonstrating Commitment to Communities

The company receives an Outstanding in Investment and Service, and  High Satisfactory in Lending in Community Reinvestment Act rating HOUSTON and TUPELO Miss. , June 6, 2023 /PRNewswire/ -- Cadence Ba...

6 months ago - PRNewsWire

Cadence Bank Announces First Quarter 2023 Financial Results

HOUSTON and TUPELO, Miss. , April 24, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended March 31, 2023.

7 months ago - PRNewsWire

Cadence Bank Announces First Quarter Earnings Webcast Schedule

HOUSTON and TUPELO, Miss. , April 3, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its first-quarter 2023 earnings on Monday, April 24, 2023, after the close of the financial markets.

8 months ago - PRNewsWire

Cadence Bank Announces Fourth Quarter 2022 and Annual Financial Results

HOUSTON and TUPELO, Miss. , Jan. 30, 2023 Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2022.

10 months ago - PRNewsWire

Cadence Bank Announces Increase in Quarterly Common Dividend; Declares Preferred Dividend

TUPELO, Miss. and HOUSTON , Jan. 25, 2023 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.235 per share of ...

10 months ago - PRNewsWire

Cadence Bank Announces Fourth Quarter Earnings Webcast Schedule

HOUSTON and TUPELO, Miss. , Jan. 5, 2023 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its fourth-quarter 2022 earnings on Monday, January 30, 2023, after the close of the financial markets.

11 months ago - PRNewsWire

Cadence Bank Announces 2023 Share Repurchase Program

HOUSTON and TUPELO, Miss. , Dec. 15, 2022 /PRNewswire/ -- Cadence Bank's (NYSE: CADE) (Cadence) Board of Directors authorized a new share repurchase program allowing the company to purchase up to an a...

1 year ago - PRNewsWire

Cadence Bank and FHLB Dallas Award $10K to Mississippi Nonprofit

WALLS, Miss.--(BUSINESS WIRE)--Cadence Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded $10,000 in Partnership Grant Program (PGP) funding to Sacred Heart Southern Missions Housin...

1 year ago - Business Wire

Cadence Bank Announces Third Quarter 2022 Financial Results

HOUSTON and TUPELO, Miss. , Oct. 24, 2022 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended September 30, 2022.

1 year ago - PRNewsWire

Cadence Bank Reveals New Brand Identity and Website

TUPELO, Miss. and HOUSTON , Oct. 18, 2022 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced the launch of its new brand identity and corporate website, underscoring its continued commitment to...

1 year ago - PRNewsWire

Cadence Bank Announces Second Quarter 2022 Financial Results

TUPELO, Miss. and HOUSTON , July 25, 2022 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended June 30, 2022.

1 year ago - PRNewsWire