Cadence Bancorp (N:CADE)

Business Focus: Banks

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 2800 Post Oak Blvd Ste 3800
HOUSTON TX 77056-6170
Tel: 1-800-6987878
IR: See website
Key People
Paul B. Murphy
Chairman of the Board, Chief Executive Officer
Samuel M. Tortorici
Valerie C. Toalson
Chief Financial Officer, Executive Vice President, IR Contact Officer
Jerry W. Powell
Executive Vice President, General Counsel, Secretary
R.H. Holmes
Executive Vice President
J. Randall Schultz
Executive Vice President
Business Overview
Cadence Bancorporation is a bank holding company. The Company is focused on middle-market commercial lending, complemented by retail banking and wealth management services, and provides a broad range of banking services to businesses, individuals and business owners. It operates through three segments: Banking, Financial Services and Corporate. Banking Segment offers a range of deposit products and lending services through its Commercial Banking, Retail Banking and Private Banking business lines. Financial Services segment provides an integrated set of investment, retirement, estate, college and business succession planning, retail brokerage, personal and institutional trust services and insurance services through three product lines: Investment Management, Trust Services, and Insurance Services. The Corporate Segment reflects parent-only activities, including debt and capital raising, and intercompany eliminations.
Financial Overview
For the nine months ended 30 September 2018, Cadence Bancorp interest income increased 28% to $368.8M. Net interest income after loan loss provision increased 25% to $280.3M. Net income increased 53% to $133.9M. Net interest income after loan loss provision reflects Banking segment increase of 22% to $104.3M. Net income benefited from Banking segment income increase of 51% to $51.8M, Financial Services segment income increase of 69% to $1.5M.
Employees: 1,206 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $1,781M as of Sep 30, 2018
Annual revenue (TTM): $477.18M as of Sep 30, 2018
EBITDA (TTM): $246.38M as of Sep 30, 2018
Net annual income (TTM): $167.65M as of Sep 30, 2018
Free cash flow (TTM): $103.45M as of Sep 30, 2018
Net Debt Last Fiscal Year: $197.44M as of Sep 30, 2018
Shares outstanding: 83,625,000 as of Sep 30, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization