Cadence Bancorp (N:CADE)

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
Joseph W. Evans
Independent Vice Chairman of the Board
Valerie C. Toalson
Chief Financial Officer, Executive Vice President
Jerry W. Powell
Executive Vice President, General Counsel, Secretary
David F. Black
Executive Vice President of Cadence Bancorporation, Chief Risk Officer of Cadence Bank
R.H. Holmes
Executive Vice President
Sheila E. Ray
Executive Vice President, Chief Talent Officer
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 2020, CadenceBancorp interest income decreased 17% to $540.4M. Netinterest income after loan loss provision decreased 54% to$187M. Net loss applicable to common stockholders totaled$406.1M vs. income of $150M. Net interest income after loanloss provision reflects Net Interest Margin - Total - %decrease of 11% to 3.61%, Net Interest Spread - Total - %decrease of 7% to 3.28%.
Employees: 1,849 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $1,965M as of Sep 30, 2020
Annual revenue (TTM): $748.04M as of Sep 30, 2020
EBITDA (TTM): $119.69M as of Sep 30, 2020
Net annual income (TTM): -$354.84M as of Sep 30, 2020
Free cash flow (TTM): $471.44M as of Sep 30, 2020
Net Debt Last Fiscal Year: $97.90M as of Sep 30, 2020
Shares outstanding: 125,978,531 as of Nov 6, 2020
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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