HOUSTON and TUPELO, Miss., April 21, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended March 31, 2025.

Highlights for the first quarter of 2025 included:

Reported quarterly net income available to common shareholders of $130.9 million, or $0.70 per diluted common share, and adjusted net income available to common shareholders(1) of $131.4 million, or $0.71 per diluted common share.Improved return on average assets to 1.15%, up 18 basis points from the first quarter of 2024 and up 3 basis points from the fourth quarter of 2024.Achieved quarterly adjusted pre-tax pre-provision net revenue (PPNR)(1) of $189.9 million, an increase of $5.9 million compared to the fourth quarter of 2024 and an increase of $15.7 million, or 9.0%, from the first quarter of 2024.Generated net organic loan growth of $309.9 million for the first quarter of 2025, or 3.7% on an annualized basis; core customer deposit balances, which exclude brokered and public fund deposits, remained stable and were flat linked quarter.Improved net interest margin to 3.46%, up 8 basis points compared to the fourth quarter of 2024.Adjusted noninterest expense(1) declined $8.1 million, or 3.0%, linked quarter driving improvement in the adjusted efficiency ratio(1) to 57.6% for the quarter.Maintained strong regulatory capital with Common Equity Tier 1 Capital of 12.4% and Total Capital of 14.1%.Received all required regulatory and shareholder approvals to complete proposed merger with FCB Financial Corp., the bank holding company for First Chatham Bank in Savannah, Georgia. The transaction is expected to close May 1, 2025, subject to customary closing conditions.