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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,162	2,009	1,350	766.22	708.42	702.63
Interest Income on Investments	380.51	300.91	210.37	115.82	91.07	72.39
Total Interest Income	2,542	2,310	1,561	882.03	799.49	775.01
Interest Paid on Deposits	937.09	734.15	139.67	60.85	90.75	103.51
Interest Paid on Borrowings	198.84	224.66	69.63	15.48	17.78	21.56
Total Interest Expense	1,136	958.81	209.29	76.32	108.53	125.07
Net Interest Income	1,406	1,351	1,351	805.71	690.97	649.94
Net Interest Income Growth (YoY)	2.19%	0.00%	67.71%	16.61%	6.31%	12.99%
Trust Income	93.53	86.93	80.49	39.51	26.21	24.81
Mortgage Banking Activities	12.61	18.98	44.86	58.05	86.25	19.78
Gain (Loss) on Sale of Investments	-387.49	-435.65	-0.38	-0.4	0.06	0.17
Other Non-Interest Income	123.79	101.9	85.89	35.11	147.83	151.25
Total Non-Interest Income	-41.11	-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	1,365	1,235	1,694	1,049	1,027	930.63
Provision for Loan Losses	94	80	7	138.06	89.04	1.5
Revenue	1,271	1,155	1,687	910.55	938.43	929.13
Revenue Growth (YoY)	-14.55%	-31.53%	85.25%	-2.97%	1.00%	8.96%
Salaries and Employee Benefits	571.81	595.32	597.79	356.03	400.01	380.1
Occupancy Expenses	114.91	110.97	114.46	76.24	60.28	65.84
Federal Deposit Insurance	77.37	72.22	18.71	8.7	6.73	9.14
Amortization of Goodwill & Intangibles	16.4	19.39	18.43	10.73	9.61	-
Selling, General & Administrative	183.65	188.01	189.21	99.08	92.94	76.31
Other Non-Interest Expense	144.57	164.82	120.3	75.13	75.98	84.34
Total Non-Interest Expense	1,109	1,151	1,059	625.93	645.54	615.74
EBT Excluding Unusual Items	162.46	4.28	627.87	284.63	292.89	313.39
Pretax Income	162.46	-0.91	577.02	224.73	287.55	299.52
Income Tax Expense	35.31	-4.59	129.71	45.96	59.49	65.26
Earnings From Continuing Operations	127.15	3.68	447.32	178.78	228.05	234.26
Earnings From Discontinued Operations	522.8	538.62	15.92	16.39	-	-
Net Income	649.95	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	640.47	532.82	453.75	185.67	218.56	234.26
Net Income Growth	70.51%	17.07%	137.36%	-14.42%	-2.65%	5.85%
Basic Shares Outstanding	183	183	184	120	103	102
Diluted Shares Outstanding	184	183	184	121	103	102
Shares Change (YoY)	-0.18%	-1.02%	52.90%	16.81%	1.47%	2.70%
EPS (Basic)	3.51	2.92	2.47	1.54	2.12	2.31
EPS (Diluted)	3.51	2.92	2.46	1.54	2.12	2.30
EPS Growth	74.38%	18.79%	59.94%	-27.56%	-7.83%	3.14%
Dividend Per Share	0.980	0.940	0.880	0.780	0.745	0.710
Dividend Growth	5.38%	6.82%	12.82%	4.70%	4.93%	14.52%
Effective Tax Rate	21.74%	-	22.48%	20.45%	20.69%	21.79%

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