Cadence Bank (CADE)

Cadence Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,171	2,009	1,350	766.22	708.42
Interest Income on Investments	376.56	300.91	210.37	115.82	91.07
Total Interest Income	2,547	2,310	1,561	882.03	799.49
Interest Paid on Deposits	957.32	734.15	139.67	60.85	90.75
Interest Paid on Borrowings	153.82	224.66	69.63	15.48	17.78
Total Interest Expense	1,111	958.81	209.29	76.32	108.53
Net Interest Income	1,436	1,351	1,351	805.71	690.97
Net Interest Income Growth (YoY)	6.28%	0.00%	67.71%	16.61%	6.31%
Trust Income	94.92	86.93	80.49	39.51	26.21
Mortgage Banking Activities	17.3	18.98	44.86	58.05	86.25
Gain (Loss) on Sale of Investments	-2.96	-435.65	-0.38	-0.4	0.06
Other Non-Interest Income	123.51	101.9	85.89	35.11	147.83
Total Non-Interest Income	356.51	-116.34	342.49	242.91	336.5
Non-Interest Income Growth (YoY)	-	-	41.00%	-27.82%	19.89%
Revenues Before Loan Losses	1,793	1,235	1,694	1,049	1,027
Provision for Loan Losses	71	80	7	138.06	89.04
Revenue	1,722	1,155	1,687	910.55	938.43
Revenue Growth (YoY)	49.07%	-31.53%	85.25%	-2.97%	1.00%
Salaries and Employee Benefits	609.31	595.32	597.79	356.03	400.01
Occupancy Expenses	114.18	110.97	114.46	76.24	60.28
Federal Deposit Insurance	39.92	72.22	18.71	8.7	6.73
Amortization of Goodwill & Intangibles	15.9	19.39	18.43	10.73	9.61
Selling, General & Administrative	144	188.01	189.21	99.08	92.94
Other Non-Interest Expense	122.23	164.82	120.3	75.13	75.98
Total Non-Interest Expense	1,046	1,151	1,059	625.93	645.54
EBT Excluding Unusual Items	676.2	4.28	627.87	284.63	292.89
Pretax Income	676.2	-0.91	577.02	224.73	287.55
Income Tax Expense	152.59	-4.59	129.71	45.96	59.49
Earnings From Continuing Operations	523.6	3.68	447.32	178.78	228.05
Earnings From Discontinued Operations	-	538.62	15.92	16.39	-
Net Income	523.6	542.3	463.24	195.16	228.05
Preferred Dividends & Other Adjustments	9.49	9.49	9.49	9.49	9.49
Net Income to Common	514.12	532.82	453.75	185.67	218.56
Net Income Growth	-3.45%	17.07%	137.36%	-14.42%	-2.65%
Basic Shares Outstanding	186	183	184	120	103
Diluted Shares Outstanding	186	183	184	121	103
Shares Change (YoY)	1.63%	-1.02%	52.90%	16.81%	1.47%
EPS (Basic)	2.77	2.92	2.47	1.54	2.12
EPS (Diluted)	2.77	2.92	2.46	1.54	2.12
EPS Growth	-5.07%	18.79%	59.94%	-27.56%	-7.83%
Dividend Per Share	1.000	0.940	0.880	0.780	0.745
Dividend Growth	6.38%	6.82%	12.82%	4.70%	4.93%
Effective Tax Rate	22.57%	-	22.48%	20.45%	20.69%

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