Cadence Bank (CADE)
| Market Cap | 4.89B |
| Revenue (ttm) | 1.65B |
| Net Income (ttm) | 542.30M |
| Shares Out | 184.38M |
| EPS (ttm) | 2.91 |
| PE Ratio | 9.22 |
| Forward PE | 10.91 |
| Dividend | $1.00 (3.78%) |
| Ex-Dividend Date | Mar 14, 2024 |
| Volume | 233,660 |
| Open | 26.55 |
| Previous Close | 26.82 |
| Day's Range | 26.16 - 26.60 |
| 52-Week Range | 16.95 - 31.45 |
| Beta | 1.03 |
| Analysts | Buy |
| Price Target | 30.00 (+13.25%) |
| Earnings Date | Apr 22, 2024 |
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]
Financial Performance
In 2023, Cadence Bank's revenue was $2.20 billion, an increase of 19.14% compared to the previous year's $1.84 billion. Earnings were $542.30 million, an increase of 17.07%.
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for CADE stock is "Buy." The 12-month stock price forecast is $30.0, which is an increase of 13.25% from the latest price.
News
Cadence Bank Announces Simplified Organizational Structure and Expanded Roles for Key Executives
HOUSTON and TUPELO, Miss. , March 29, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced changes to its organizational structure, as well as new and increased responsibilities for several ...
Cadence Bank Announces First Quarter 2024 Earnings Webcast Schedule
HOUSTON and TUPELO, Miss. , March 26, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its first quarter 2024 earnings on Monday, April 22, 2024, after the close of the financial markets.
Cadence Bank Announces Fourth Quarter 2023 and Annual Financial Results
HOUSTON and TUPELO, Miss. , Jan. 29, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2023.
Cadence Bank Announces Increase in Quarterly Common Dividend; Declares Preferred Dividend
TUPELO, Miss. and HOUSTON , Jan. 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of c...
10 Southeast U.S. Nonprofits To Share $150,000 from Cadence Bank's Cadence Cares Holiday Program
Bank customers, teammates and community members come together to award donations to 10 community-focused nonprofit organizations. HOUSTON and TUPELO, Miss.
Cadence Bank Announces Fourth Quarter and Year End 2023 Earnings Webcast Schedule
HOUSTON and TUPELO, Miss. , Jan. 4, 2024 /PRNewswire/ --Cadence Bank (NYSE: CADE) will release its fourth-quarter 2023 earnings on Monday, January 29, 2024, after the close of the financial markets.
Cadence Bank Announces 2024 Share Repurchase Program
HOUSTON and TUPELO, Miss. , Dec. 13, 2023 /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...
Linscomb & Williams Named to Barron's Top 100 RIA Firms for Second Year
HOUSTON , Dec. 7, 2023 /PRNewswire/ -- Linscomb and Williams (L&W), a Cadence Bank (NYSE: CADE) subsidiary providing wealth advisory services, has once again been named to the Barron's Top 100 RIA (re...
Cadence Bank Completes the Sale of Cadence Insurance, Inc. to Arthur J. Gallagher & Co.
The $904 million cash sale supports Cadence Bank's focus on building its core banking business and continuing its long-term strategic initiatives. HOUSTON and TUPELO, Miss.
Arthur J. Gallagher & Co. Completes Acquisition of Cadence Insurance, Inc.
ROLLING MEADOWS, Ill. , Nov. 30, 2023 /PRNewswire/ -- Arthur J.
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...
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.
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 ...
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.
Arthur J. Gallagher & Co. Signs Agreement to Acquire Cadence Insurance, Inc.
ROLLING MEADOWS, Ill. , Oct. 24, 2023 /PRNewswire/ -- Arthur J.
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.
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...
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.
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.
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...
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.
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...
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.
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...
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...