HOUSTON and TUPELO, Miss., May 1, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced the successful completion of its previously announced merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. The merger enhances Cadence's growing presence in Savannah and Coastal Georgia while deepening the commitment to serving customers and communities.

Cadence has signed a merger agreement with Industry Bancshares, Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner

HOUSTON and TUPELO, Miss., April 25, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) announced today the signing of a definitive merger agreement with Industry Bancshares, Inc., the bank holding company for Bank of Brenham, Citizens State Bank, Fayetteville Bank, Industry State Bank, The First National Bank of Bellville and The First National Bank of Shiner.

HOUSTON and TUPELO, Miss., April 25, 2025 /PRNewswire/ -- Cadence Bank's (NYSE: CADE) (Cadence) Board of Directors authorized a new share repurchase program (the "Repurchase Program") allowing the company to purchase up to an aggregate of 10 million shares of Cadence's common stock. The Repurchase Program is subject to and will be effective upon approval from the Federal Reserve, and will expire on December 31, 2025.

HOUSTON and TUPELO, Miss., April 23, 2025 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) declared a quarterly cash dividend of $0.275 per share of common stock. The common stock dividend is payable on July 1, 2025, to shareholders of record at the close of business on June 13, 2025.  

The board of directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on May 20, 2025, to shareholders of record at the close of business on May 5, 2025.

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.

HOUSTON and TUPELO, Miss., March 26, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company) today announced that it has adjourned its special meeting of shareholders originally convened on Dec. 30, 2024 (the Special Meeting), that reconvened on Jan. 27, 2025, and this morning, until Friday, April 25, 2025, at 9:00 a.m. Central Time. The Special Meeting was adjourned to allow the Company additional time to solicit proxies from preferred shareholders in favor of a proposal (Proposal 2) to authorize the Company's Board of Directors to implement repurchases of stock in accordance with Regulation H. 

HOUSTON and TUPELO, Miss., March 25, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its first quarter 2025 earnings on Monday, Apr. 21, 2025, after the close of the financial markets. It will also hold its earnings webcast on Tuesday, Apr. 22, 2025, at 10 a.m. CT. The webcast will be live coverage of management's conference call with analysts and can be found by visiting: https://ir.cadencebank.com/events. This will be an interactive session between management and analysts; others may listen to the live broadcast as it happens. The conference call will also be available in archived format at the same web address.

HOUSTON and TUPELO, Miss., March 24, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) announced it has received all regulatory approvals to complete its proposed merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank.

The merger is expected to be effective on May 1, 2025, subject to the satisfaction of customary closing conditions. As of Dec. 30, 2024 (unaudited), First Chatham reported total assets of $589 million, total loans of $326 million and total deposits of $507 million.

HOUSTON and TUPELO, Miss., Jan. 27, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company) today announced that it has adjourned its special meeting of shareholders originally convened on Dec. 30, 2024 (the Special Meeting), that reconvened this afternoon, until Wednesday, March 26, 2025, at 8:45 a.m. Central Time. The Special Meeting was adjourned to allow the Company additional time to solicit proxies from preferred shareholders in favor of a proposal (Proposal 2) to authorize the Company's Board of Directors to implement repurchases of stock in accordance with Regulation H.

Cadence has signed a merger agreement with FCB Financial Corp., the bank holding company for First Chatham Bank

HOUSTON and TUPELO, Miss., Jan. 22, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) announced today the signing of a definitive merger agreement with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank.

Founded in 2002 by local business leaders who live and work in the community, First Chatham Bank operates eight branches across the Greater Savannah area. First Chatham Bank became the first community bank chartered in Chatham County since 1989. The merger will expand Cadence Bank's presence in the rapidly growing Savannah, Georgia, market and in coastal Georgia communities. As of September 30, 2024 (unaudited), First Chatham reported total assets of $590 million, total loans of $329 million and total deposits of $510 million.

HOUSTON and TUPELO, Miss., Jan. 22, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter and year ended December 31, 2024.

Annual highlights for 2024 included:

Achieved net income available to common shareholders of $514.1 million, or $2.77 per diluted common share, and adjusted net income from continuing operations available to common shareholders,(1) which excludes non-routine income and expenses,(2) of $507.9 million, or $2.74 per diluted common share, an increase of 24.5% on a per share basis compared to 2023.Reported annual adjusted pre-tax pre-provision net revenue (PPNR) from continuing operations(1) of $739.0 million, or 1.54% of average assets, an increase of $126.7 million, or 20.7%, compared to 2023.Generated net organic loan growth of $1.2 billion, or 3.8% for the year while core customer deposits, which exclude brokered deposits and public funds, increased $2.2 billion, or 6.9%.Increased net interest margin for the year by 22 basis points to 3.30%.Achieved continued improvement in operating leverage reflected in a decline in the adjusted efficiency ratio(1) from 63.3% in 2023 to 58.4% in 2024.Realized stable net charge-offs as a percent of average loans in 2024 of 0.24%, and criticized loans improved 5.9% to $794.5 million at December 31, 2024.Repurchased 1,237,021 shares of Company common stock at a weighted average price of $26.74; tangible book value per common share(1) increased to $21.54 per share at December 31, 2024, up $2.22 per share, or 11.5%, compared to December 31, 2023 while tangible common shareholders' equity to tangible assets(1) increased from 7.44% to 8.67% over the same time period.

HOUSTON and TUPELO, Miss., Jan. 2, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its fourth-quarter 2024 earnings on Wednesday, Jan. 22, 2025, after the close of the financial markets. It will also hold its earnings webcast on Thursday, Jan. 23, 2025, at 10 a.m. CT. The webcast will be a live coverage of management's conference call with analysts and can be found by visiting: https://ir.cadencebank.com/events. This will be an interactive session between management and analysts; others may listen to the live broadcast as it happens. The conference call will also be available in archived format at the same web address.

HOUSTON and TUPELO, Miss., Dec. 30, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company) today announced it has adjourned its special meeting of shareholders held this afternoon until Monday, Jan. 27, 2025, at 3 p.m. Central Standard Time. The special meeting was adjourned to allow the Company additional time to solicit proxies from preferred shareholders in favor of a proposal (Proposal 2) to authorize the Cadence Bank board of directors to implement repurchases of stock in accordance with Regulation H.

ATLANTA, Nov. 20, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced that Brad Silcox has joined the organization as executive vice president and president of asset management and trust.

Silcox has spent the past 20 years at Wilmington Trust, a subsidiary of M&T Bank, in various executive leadership roles including president of the Southeast region and chief administrative officer of wealth markets. He is a strategic leader with a proven track record of developing high-performing teams, building client relationships and leading organizations through transformational change.

HOUSTON and TUPELO, Miss., Oct. 23, 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 common stock. The common stock dividend is payable on January 2, 2025, to shareholders of record at the close of business on December 13, 2024.

The board of directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on November 20, 2024, to shareholders of record at the close of business on November 5, 2024.

HOUSTON and TUPELO, Miss., Oct. 21, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended September 30, 2024.

Highlights for the third quarter of 2024 included:

Reported quarterly net income available to common shareholders of $134.1 million, or $0.72 per diluted common share, and adjusted net income from continuing operations available to common shareholders,(1) which excludes non-routine income and expenses,(2) of $135.6 million, or $0.73 per diluted common share, which represents an increase of $0.04 per share, or 5.8%, compared to the second quarter of 2024 adjusted net income from continuing operations available to common shareholders.(1)Achieved quarterly adjusted pre-tax pre-provision net revenue from continuing operations (PPNR)(1) of $189.9 million, which is flat compared to the second quarter of 2024 and up $44.7 million from the third quarter of 2023. Year-to-date, adjusted PPNR(1) is $555.0 million, up $80.6 million or 17.0%, from the same period in 2023.Period-end loans were flat for the quarter at $33.3 billion as higher levels of payoffs and paydowns offset new origination activity. Year-to-date, net loan growth is $807.0 million or 3.3% annualized.Grew period-end total deposits by $985.7 million, or 10.4% on an annualized basis. Customer deposits, which exclude brokered deposits and public funds, increased $1.4 billion including approximately $435.0 million in customer overnight sweep activity. Excluding the sweep activity, customer deposits increased approximately $945.0 million in the quarter, or 11.4% annualized.Continued improvement in net interest margin by 4 basis points to 3.31%, benefiting from improvement in average earning asset mix, stabilized deposit costs and higher loan yields.Credit metrics reflected 0.26% in annualized net charge-offs, slightly improved from the linked quarter, and a $12.0 million provision for credit losses resulting in a 1.38% allowance for credit losses as a percent of loans.Repurchased 323,395 shares of Company common stock during the third quarter at a weighted average price of $28.79 per share; regulatory capital remained strong with Common Equity Tier 1 Capital of 12.3% and Total Capital of 14.5%.Tangible book value per common share(1) increased to $21.68 per share at September 30, 2024, up $1.60 per share compared to the second quarter of 2024, while tangible common shareholders' equity to tangible assets(1) increased to 8.28% at September 30, 2024.

HOUSTON and TUPELO, Miss., Sept. 24, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its third quarter 2024 earnings on Monday, October 21, 2024, after the close of the financial markets. It will hold its earnings webcast on Tuesday, October 22, 2024, at 10:00 a.m. CT.

The webcast will be live coverage of management's conference call with analysts and can be found by visiting: https://ir.cadencebank.com/events. This will be an interactive session between management and analysts; others may listen to the live broadcast as it happens. The conference call will also be available in archived format at the same web address.

HOUSTON and TUPELO, Miss., July 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 common stock. The common stock dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024.  

The board of directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on August 20, 2024, to shareholders of record at the close of business on August 5, 2024.

HOUSTON and TUPELO, Miss., July 22, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company), today announced financial results for the quarter ended June 30, 2024.

Highlights for the second quarter of 2024 included:

Reported quarterly net income available to common shareholders of $135.1 million, or $0.73 per diluted common share, and adjusted net income from continuing operations available to common shareholders,(1) which excludes non-routine income and expenses,(2) of $127.9 million, or $0.69 per diluted common share, which represents an increase of $0.07 per share, or 11.3%, compared to the first quarter of 2024 adjusted net income from continuing operations available to common shareholders.(1)Achieved record adjusted pre-tax pre-provision net revenue from continuing operations (PPNR)(1) of $190.9 million, up $16.7 million from the prior quarter, and up $31.4 million from the same quarter one year ago. Year-to-date, adjusted PPNR(1) is $365.1 million, up $35.9 million or 11.0%, from the same period in 2023.Generated net organic loan growth of $430.2 million, or 5.3% on an annualized basis, for the second quarter of 2024. Year-to-date, net loan growth was $815.8 million or 5.0% annualized.Grew core customer deposits, which exclude brokered deposits and public funds, by $237.4 million, or 2.9% on an annualized basis. Year-to-date, core customer deposits have grown $637.2 or 4.0% annualized.Continued improvement in net interest margin by 5 basis points to 3.27%, benefiting from continued loan growth, stabilized funding costs, and upward repricing of earning assets.Experienced stable credit quality reflected by a flat linked quarter provision for credit losses and relatively stable net charge-offs as well as slight reductions in both nonperforming and criticized/classified loan levels.Materially enhanced operating efficiency reflected in an improvement in the adjusted efficiency ratio(1) of 339 basis points to 56.7%.Repurchased 256,033 shares of Company common stock during the second quarter at a weighted average price of $26.97 per share; regulatory capital remained strong with Common Equity Tier 1 Capital of 11.9% and Total Capital of 14.2%.

HOUSTON and TUPELO, Miss., June 26, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) will release its second quarter 2024 earnings on Monday, July 22, 2024, after the close of the financial markets. It will also hold its earnings webcast on Tuesday, July 23, 2024, at 10:00 a.m. CT.

The webcast will be live coverage of management's conference call with analysts and can be found by visiting: https://ir.cadencebank.com/events. This will be an interactive session between management and analysts; others may listen to the live broadcast as it happens. The conference call will also be available in archived format at the same web address.