Cadence Bank (N:CADE)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: One Mississippi Plaza
201 South Spring Street
TUPELO MS 38804
Tel: N/A
Website: https://cadencebank.com
IR: See website
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Key People
James D. Rollins
Chairman of the Board, Chief Executive Officer
Chris A. Bagley
President
Paul B. Murphy
Executive Vice Chairman of the Board
Valerie C. Toalson
Senior Executive Vice President, Chief Financial Officer
Michael J. Meyer
President - Banking Services
Jeffrey W. Jaggers
Senior Executive Vice President, Chief Operating Officer
Cathy S. Freeman
Senior Executive Vice President, Chief Administrative Officer, Corporate Secretary
Tyler L. Lambert
Senior Executive Vice President, Chief Risk Officer
R.H. Holmes
Senior Executive Vice President, Chief Banking Officer
Business Overview
Cadence Bank (the Bank) is a regional banking franchise with approximately 350 branch locations across the South and Texas. The Bank provides consumers, businesses, and corporations with a range of banking and financial solutions. The Bank's services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, small business administration (SBA) lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management. The Bank offers baking solution in checking accounts, savings accounts, mortgages, investment management, credit cards, online and mobile banking, debit cards, treasury management, wealth management, trusts, business loans, business online banking, and merchant services.
Financial Overview
For the fiscal year ended 31 December 2023, Cadence Bank interest income increased 48% to $2.31B. Net interest income after loan loss provision decreased 5% to $1.27B. Net loss applicable to common stockholders excluding extraordinary items totaled $5.8M vs. income of $437.8M. Net interest income after loan loss provision reflects decrease in interest earning assets and increase in interest bearing liabilities.
Employees: 4,596 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $9,063M as of Dec 31, 2023
Annual revenue (TTM): $2,310M as of Dec 31, 2023
EBITDA (TTM): $434.96M as of Dec 31, 2023
Net annual income (TTM): -$5.80M as of Dec 31, 2023
Free cash flow (TTM): $276.34M as of Dec 31, 2023
Net Debt Last Fiscal Year: $3,592M as of Dec 31, 2023
Shares outstanding: 182,871,775 as of Dec 31, 2023
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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