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
Joseph W. Evans
Independent Vice Chairman of the Board
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 six months ended 30 June 2019, Cadence Bancorp interest income increased 85% to $439.3M. Net interest income after loan loss provision increased 60% to $289.9M. Net income applicable to common stockholders increased 22% to $106.1M. Net interest income after loan loss provision reflects Banking segment increase of 38% to $136.9M. Net income was partially offset by Corporate segment loss totaling $4.5M vs. income of $1.7M.
Employees: 1,170 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $2,365M as of Jun 30, 2019
Annual revenue (TTM): $714.92M as of Jun 30, 2019
EBITDA (TTM): $311.06M as of Jun 30, 2019
Net annual income (TTM): $185.52M as of Jun 30, 2019
Free cash flow (TTM): $133.22M as of Jun 30, 2019
Net Debt Last Fiscal Year: $67.90M as of Jun 30, 2019
Shares outstanding: 128,711,469 as of Aug 2, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization