Cadence Bank (CADE)

Cadence Bank Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,172	2,171	2,009	1,350	766.22	708.42
Interest Income on Investments	337.33	376.56	300.91	210.37	115.82	91.07
Total Interest Income	2,510	2,547	2,310	1,561	882.03	799.49
Interest Paid on Deposits	956.82	957.32	734.15	139.67	60.85	90.75
Interest Paid on Borrowings	107.22	153.82	224.66	69.63	15.48	17.78
Total Interest Expense	1,064	1,111	958.81	209.29	76.32	108.53
Net Interest Income	1,445	1,436	1,351	1,351	805.71	690.97
Net Interest Income Growth (YoY)	6.99%	6.28%	0.01%	67.71%	16.61%	6.31%
Trust Income	95.37	94.92	86.93	80.49	39.51	26.21
Mortgage Banking Activities	17.5	17.3	18.98	44.86	58.05	86.25
Gain (Loss) on Sale of Investments	-2.96	-2.96	-435.65	-0.38	-0.4	0.06
Other Non-Interest Income	125.24	123.51	101.9	85.89	35.11	147.83
Total Non-Interest Income	358.11	356.51	-116.34	342.49	242.91	336.5
Non-Interest Income Growth (YoY)	-	-	-	40.99%	-27.82%	19.89%
Revenues Before Loan Losses	1,804	1,793	1,235	1,694	1,049	1,027
Provision for Loan Losses	69	71	80	7	138.06	89.04
Revenue	1,735	1,722	1,155	1,687	910.55	938.43
Revenue Growth (YoY)	45.52%	49.06%	-31.52%	85.25%	-2.97%	1.00%
Salaries and Employee Benefits	572.92	576.6	594.74	597.24	356.03	400.01
Occupancy Expenses	96.45	96.61	91.57	92.76	76.24	60.28
Federal Deposit Insurance	40.15	39.92	72.22	18.71	8.7	6.73
Amortization of Goodwill & Intangibles	15.5	15.9	19.39	18.43	10.73	9.61
Selling, General & Administrative	191.31	194.27	207.99	211.47	99.08	92.94
Other Non-Interest Expense	125.03	122.23	164.82	120.3	75.13	75.98
Total Non-Interest Expense	1,041	1,046	1,151	1,059	625.93	645.54
EBT Excluding Unusual Items	693.22	676.2	4.28	627.87	284.63	292.89
Pretax Income	692.9	676.2	-0.91	577.02	224.73	287.55
Income Tax Expense	153.05	152.59	-4.59	129.71	45.96	59.49
Earnings From Continuing Operations	539.85	523.6	3.68	447.32	178.78	228.05
Earnings From Discontinued Operations	-	-	538.62	15.92	16.39	-
Net Income	539.85	523.6	542.3	463.24	195.16	228.05
Preferred Dividends & Other Adjustments	9.49	9.49	9.49	9.49	9.49	9.49
Net Income to Common	530.36	514.12	532.82	453.75	185.67	218.56
Net Income Growth	-7.35%	-3.45%	17.07%	137.36%	-14.42%	-2.65%
Basic Shares Outstanding	183	183	183	184	120	103
Diluted Shares Outstanding	186	186	183	184	121	103
Shares Change (YoY)	1.48%	1.63%	-1.02%	52.90%	16.81%	1.47%
EPS (Basic)	2.90	2.81	2.92	2.47	1.54	2.12
EPS (Diluted)	2.85	2.77	2.92	2.46	1.54	2.12
EPS Growth	-9.19%	-5.07%	18.79%	59.94%	-27.56%	-7.83%
Dividend Per Share	1.025	1.000	0.940	0.880	0.780	0.745
Dividend Growth	7.33%	6.38%	6.82%	12.82%	4.70%	4.93%
Effective Tax Rate	22.09%	22.57%	-	22.48%	20.45%	20.69%

Updated Apr 21, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q