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
President, Chief Operating Officer
Valerie C. Toalson
Chief Financial Officer, Executive Vice President
Thomas D. Clark
Executive Vice President, Chief Information Officer
Aimee T. Hamilton
Executive Vice President, Chief Risk Officer
Jerry W. Powell
Executive Vice President, General Counsel, Secretary
Edward H. Braddock
Executive Vice President, Chief Credit Officer
R.H. Holmes
Executive Vice President - Business Services
Sheila E. Ray
Executive Vice President, Chief Talent Officer
Business Overview
Cadence Bancorporation is a bank holding company. The Company holds Cadence Bank (Bank). Cadence Bank is a middle-market focused commercial relationship bank providing a range of banking and wealth management services. The Bank's loan portfolio includes commercial and industrial loans, residential real estate loans, commercial real estate loans and other consumer loans. The Bank's securities available-for-sale includes United States treasury securities, obligations of United States government agencies, mortgage-backed securities (MBS) issued or guaranteed by United States agencies, residential mortgage-backed securities, commercial mortgage-backed securities, obligations of states and municipal subdivisions. The Bank offers a variety of deposit products, including checking accounts, savings accounts, money market accounts, time deposits, and other deposit accounts through multiple channels.
Financial Overview
For the three months ended 31 March 2021, CadenceBancorp interest income decreased 20% to $154.7M. Netinterest income after loan loss provision increased from$70M to $191M. Net income totaled $106.4M vs. loss of$399.3M. Net interest income after loan loss provisionreflects Banking segment increase from $74.1M to $194.4M.Net Income reflects Banking segment income totaling $105.4Mvs. loss of $397.7M.
Employees: 1,818 as of Dec 31, 2020
Reporting Currency: U.S. Dollars
Enterprise value: $2,660M as of Mar 31, 2021
Annual revenue (TTM): $673.11M as of Mar 31, 2021
EBITDA (TTM): $432.12M as of Mar 31, 2021
Net annual income (TTM): $300.21M as of Mar 31, 2021
Free cash flow (TTM): $123.79M as of Mar 31, 2021
Net Debt Last Fiscal Year: $27.56M as of Mar 31, 2021
Shares outstanding: 124,724,742 as of May 7, 2021
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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