Cadence Bancorp (N:CADE)

Business Focus: Banks

May 15, 2019 11:19 am ET
Cadence Bancorporation Holds Annual Meeting, Announces Re-Election and Election of Board Members
Cadence Bancorporation (NYSE: CADE) recently held its 2019 Annual Meeting of Stockholders at the Westin Galleria in Houston, Texas. It was announced that J. Richard Fredericks and Virginia A. Hepner were re-elected as Class II Directors to serve for three-year terms expiring at the 2022 Annual Meeting of Stockholders. In addition, Kathy Waller was elected to the board as a Class II Director to serve the same three-year term.
Apr 30, 2019 08:49 am ET
Cadence Bancorporation Declares Quarterly Cash Dividend
The board of directors of Cadence Bancorporation today approved a quarterly cash dividend in the amount of $0.175 per share of outstanding common stock, representing an annualized dividend of $0.70 per share. The dividend will be paid on June 14, 2019 to holders of record of Cadence’s Class A common stock on May 31, 2019.
Apr 30, 2019 04:05 am ET
Cadence Bancorporation to Host Investor Day at New York Stock Exchange
Cadence Bancorporation (NYSE: CADE) will host its 2019 Investor Day on Thursday, May 2 at the New York Stock Exchange.
Apr 29, 2019 03:09 am ET
Cadence Bancorporation Reports First Quarter 2019 Financial Results
Cadence Bancorporation (NYSE:CADE) (“Cadence”) today announced net income for the quarter ended March 31, 2019 of $58.2 million, or $0.44 per diluted common share (“per share”), compared to $32.3 million, or $0.39 per share for the quarter ended December 31, 2018, and $38.8 million or $0.46 per share for the quarter ended March 31, 2018. The first quarter of 2019 included merger related expenses of $22.0 million or $0.13 per diluted common share.
Apr 02, 2019 12:05 pm ET
Cadence Bancorporation to Host First Quarter 2019 Earnings Conference Call
Cadence Bancorporation (NYSE:CADE) announced today that executive management will host a conference call to discuss first quarter 2019 results on Monday, April 29, 2019, at 12:00 p.m. CT / 1:00 p.m. ET. The related press release will be issued before the market open on Monday, April 29, 2019.
Mar 25, 2019 04:00 am ET
Cadence Bancorporation Nominates New Board Member
Cadence Bancorporation (NYSE: CADE), a regional financial holding company, today announced that Kathy Waller has been nominated to join its board of directors for a three-year term beginning May 2019. Waller will stand for election with current board members J. Richard Fredericks and Virginia A. Hepner at the company’s annual meeting on May 8, 2019 in Houston, Texas.
Mar 07, 2019 09:09 am ET
Cadence Bancorporation Announces Appointment of New Board Member
Cadence Bancorporation (NYSE: CADE), a regional financial holding company, today announced the appointment of Precious Williams Owodunni to its board of directors for a term that expires in 2021.
Feb 12, 2019 10:28 am ET
Cadence Bancorporation Announces 2019 Investor Day
Cadence Bancorporation (NYSE: CADE) will host its 2019 Investor Day in New York on Thursday, May 2, 2019, featuring presentations and Q&A led by Paul B. Murphy, Jr., Chairman and Chief Executive Officer of Cadence Bancorporation, and other members of the company’s senior leadership team.
Jan 28, 2019 04:15 am ET
Cadence Bancorporation Reports Results for 2018 Driven by Record Revenue and Continued Balance Sheet Growth
Cadence Bancorporation (NYSE:CADE) (“Cadence”) today announced net income for the year ended December 31, 2018 of $166.3 million, or $1.97 per diluted common share (“per share”), compared to $102.4 million, or $1.25 per share for the year ended December 31, 2017. Net income for the quarter ended December 31, 2018 was $32.3 million, or $0.39 per diluted common share (“per share”), compared to $14.7 million, or $0.17 per share, in the fourth quarter of 2017, and $47.1 million, or $0.56 per share, in the third quarter of 2018. Tangible book value p
Jan 14, 2019 11:21 am ET
Cadence Bank Offers Zero-Percent Interest Loans for Furloughed Federal Employees Impacted by Government Shutdown
Cadence Bank is offering zero-percent interest consumer loans for furloughed federal employees impacted by the government shutdown, including men and women in the U.S. military, who reside within Cadence’s six-state footprint: Texas, Georgia, Alabama, Florida, Mississippi and Tennessee. For furloughed employees in Georgia, loans will be offered by State Bank and Trust Company, a division of Cadence Bank.
Jan 02, 2019 01:40 am ET
Cadence Bancorporation Announces Completion of Merger with State Bank Financial Corporation
Cadence Bancorporation (NYSE:CADE) (“Cadence”), the holding company of Cadence Bank, N.A. (“Cadence Bank”), today announced that it has completed its previously announced merger with State Bank Financial Corporation (NASDAQ:STBZ) (“State Bank”), effective January 1, 2019.
Dec 27, 2018 11:15 am ET
Cadence Bancorporation to Host Fourth Quarter 2018 Earnings Conference Call
Cadence Bancorporation (NYSE:CADE) announced today that executive management will host a conference call to discuss fourth quarter and full year 2018 results on Monday, January 28, 2019, at 12:00 p.m. CT / 1:00 p.m. ET. The related press release will be issued before the market open on Monday, January 28, 2019.
Dec 24, 2018 01:45 am ET
Cadence Bancorporation Announces Update to Merger with State Bank Financial Corporation
Cadence Bancorporation (NYSE: CADE) (“Cadence”) and State Bank Financial Corporation (NASDAQ: STBZ) (“State Bank”) jointly announced that Cadence has exercised its right to increase the exchange ratio in accordance with the terms of the definitive merger agreement between Cadence and State Bank.
Dec 07, 2018 12:37 pm ET
Cadence Bancorporation Receives Regulatory Approval for Merger with State Bank Financial Corporation and Share Repurchase Program
Cadence Bancorporation (NYSE: CADE) (“Cadence”) today announced that it has received regulatory approval from the Federal Reserve to complete its pending stock-for-stock transaction with State Bank Financial Corporation (“State Bank”), which will create a combined organization with $17 billion in assets, $13 billion in loans, $14 billion in deposits and approximately 98 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi, based on the companies’ balance sheets as of September 30, 2018. Cadence has now received all regula
Oct 22, 2018 02:40 am ET
Cadence Bancorporation Reports Third Quarter 2018 Results Driven by Strong Loan Growth, Record Revenue and Improved Efficiency
Cadence Bancorporation (NYSE:CADE) (“Cadence”) today announced net income for the quarter ended September 30, 2018 of $47.1 million, or $0.56 per diluted common share (“per share”), compared to $32.6 million, or $0.39 per share, in the third quarter of 2017 and $48.0 million, or $0.57 per share, in the second quarter of 2018. Tangible book value per share(1) was $13.15 in the third quarter of 2018, an increase of $1.05 from $12.10 for the third quarter 2017, and an increase of $0.30 from $12.85 per share as of June 30, 2018.
Sep 25, 2018 12:01 pm ET
Cadence Bancorporation to Host Third Quarter 2018 Earnings Conference Call
Cadence Bancorporation (NYSE:CADE) announced today that executive management will host a conference call to discuss third quarter 2018 results on Monday, October 22, 2018, at 12:00 p.m. CT / 1:00 p.m. ET. The related press release will be issued before the market open on Monday, October 22, 2018.
Sep 12, 2018 03:00 am ET
Cadence Bancorporation Announces Pricing of Secondary Offering of Class A Common Stock
Cadence Bancorporation (NYSE: CADE) today announced the pricing of its previously announced registered public secondary offering of 12,099,757 shares of Class A common stock, or approximately 14.5% of Cadence Bancorporation’s outstanding Class A common stock, at a public offering price of $27.55 per share and a total offering size of $333 million, before deducting underwriting discounts and commissions and estimated offering expenses. The shares sold in the offering are being sold by certain selling stockholders named in the preliminary prospect
Sep 11, 2018 12:14 pm ET
Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock
Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 12,099,757 shares of Class A common stock, or approximately 14.5% of Cadence Bancorporation’s outstanding Class A common stock, pursuant to the shelf registration statement (File No. 333-225075) filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) on May 21, 2018. The shares sold in the offering will be sold by certain selling stockholders named in the preliminary prospectus supplement filed in connection
Jul 24, 2018 07:46 pm ET
Cadence Bancorporation Announces Pricing of Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the pricing of its previously announced registered public secondary offering. Cadence Bancorp, LLC will sell 12,500,000 shares of Cadence Bancorporation’s outstanding Class A common stock, or approximately 14.9% of Cadence Bancorporation’s outstanding Class A common stock, at a public offering price of $28.40 per share and a total offering size of $355 million, before deducting underwriting discounts and commissions and estimated offering expenses. All of the shares sold in the offering will be
Jul 24, 2018 12:58 pm ET
Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 12,500,000 shares of Class A common stock, or approximately 14.9% of Cadence Bancorporation’s outstanding Class A common stock. All of the shares sold in the offering will be sold by Cadence Bancorp, LLC. Upon completion of the offering, Cadence Bancorp, LLC will own approximately 25.9% of Cadence Bancorporation’s outstanding Class A common stock.
Jul 23, 2018 09:07 am ET
CORRECTING and REPLACING Cadence Bancorporation Reports Record Second Quarter 2018 Results and Increase in Quarterly Dividend
Please replace the release with the following corrected version due to multiple numerical changes in the first table under "Highlights" and Table 8.
Jun 29, 2018 04:30 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within MannKind, Healthcare Services Group, Cadence, Superior Energy Services, National Presto Industries, and New Media Investment Group —
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of MannKind Corporation (NASDAQ:MNKD), Healthcare Services Group, Inc....
Jun 27, 2018 08:22 am ET
Cadence Bancorporation to Host Second Quarter 2018 Earnings Conference Call
Cadence Bancorporation (NYSE:CADE) announced today that executive management will host a conference call to discuss second quarter 2018 results on Monday, July 23, 2018, at 12:00 p.m. CT / 1:00 p.m. ET. The related press release will be issued before the market open on Monday, July 23, 2018.
Jun 13, 2018 07:25 am ET
SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of State Bank Financial Corporation - STBZ
NEW YORK, June 13, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City, is investigating State Bank Financial Corporation ("State Bank" or the "Company") (NasdaqCM: STBZ) relating to the sale of the Company to Cadence Bancorporation ("Cadence") (NYSE: CADE). As a result of the merger, shareholders of State Bank will receive 1.160 shares of Cadence for each share of State Bank common stock....
May 22, 2018 05:40 pm ET
Cadence Bancorporation Announces Upsize and Pricing of Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the upsize and pricing of its previously announced registered public secondary offering. Cadence Bancorp, LLC will sell 18,000,000 shares of Cadence Bancorporation’s outstanding Class A common stock, or approximately 21.5% of Cadence Bancorporation’s outstanding Class A common stock, at a public offering price of $28.00 per share and a total offering size of $504 million. The offering was upsized from the previously announced offering size of 15,000,000 shares of Class A common stock. All of th
May 21, 2018 12:51 pm ET
Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 15,000,000 shares of Class A common stock, or approximately 17.9% of Cadence Bancorporation’s outstanding Class A common stock. All of the shares sold in the offering will be sold by Cadence Bancorp, LLC.
May 17, 2018 03:40 am ET
Research Report Identifies Armstrong World Industries, Empire State Realty Trust, Alder BioPharmaceuticals, Cadence, World Wrestling Entertainment, and Cato with Renewed Outlook — Fundamental Analysis
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Armstrong World Industries, Inc. (NYSE:AWI), Empire State Realty Trust,...
May 13, 2018 11:00 am ET
Cadence Bancorporation Announces Merger With State Bank Financial Corporation, Creating a Leading Commercial Lending Franchise
Cadence Bancorporation (NYSE:CADE) and State Bank Financial Corporation (NASDAQ:STBZ) jointly announced today the entry into a definitive merger agreement in a stock-for-stock transaction, creating a combined organization with $16 billion in assets, $12 billion in loans, $13 billion in deposits and approximately 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi, based on the companies’ balance sheets as of March 31, 2018.
Apr 25, 2018 03:02 pm ET
Cadence Bancorporation Reports Record First Quarter 2018 Results
“We are very pleased to report to you our first quarter of 2018 financial results,” stated Paul B. Murphy, Jr., Chairman and Chief Executive Officer of Cadence Bancorporation. “April 2018 marks the one-year anniversary since we took Cadence Bancorporation public. Since that time, our loans are up $1.1 billion or 14%, our core deposits have increased $1.5 billion or 21%, our revenues are up $17.2 million or 17.4%, and importantly, our earnings per share has increased $0.11 or 31%. As a result, our stock has performed well since our IPO. Today, ou
Apr 04, 2018 01:16 pm ET
Cadence Bancorporation to Host First Quarter 2018 Earnings Conference Call
Cadence Bancorporation (NYSE:CADE) announced today that executive management will host a conference call to discuss first quarter 2018 results on Thursday, April 26, 2018, at 10:00 a.m. CT / 11:00 a.m. ET. The related press release will be issued after the market close on Wednesday, April 25, 2018.
Feb 23, 2018 03:20 am ET
Research Report Identifies Cabot, Installed Building Products, Cadence, Chico's FAS, Gogo, and Iconix Brand Group with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
NEW YORK, Feb. 23, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cabot Corporation (NYSE:CBT), Installed Building Products,...
Feb 14, 2018 07:06 am ET
Cadence Bancorporation Announces Changes to Employee Benefits and Compensation
Cadence Bancorporation (NYSE: CADE) today announced changes to its employee benefits and compensation as a result of federal tax reform legislation.
Feb 08, 2018 03:40 pm ET
Cadence Bancorporation Announces Upsize and Pricing of Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the upsize and pricing of its previously-announced registered public secondary offering. Cadence Bancorp, LLC will sell 8,000,000 shares of Class A common stock, or approximately 9.6% of Cadence Bancorporation’s outstanding Class A common stock at a public offering price of $25.00 per share and a total offering size of $200,000,000. The offering was upsized from the previously announced offering size of 7,000,000 shares of Class A common stock. All of the shares sold in the offering will be
Feb 07, 2018 12:30 pm ET
Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 7,000,000 shares of Class A common stock, or approximately 8.4% of Cadence Bancorporation’s outstanding Class A common stock. All of the shares sold in the offering will be sold by Cadence Bancorp, LLC. Upon completion of the offering, Cadence Bancorp, LLC will own approximately 68.3% of Cadence Bancorporation’s outstanding Class A common stock.
Jan 24, 2018 03:14 pm ET
Cadence Bancorporation Reports Fourth Quarter 2017 Results and Initiates a Quarterly Dividend
Cadence Bancorporation (NYSE:CADE) (“Cadence”) today announced net income for the quarter ended December 31, 2017 of $14.7 million, or $0.17 per diluted common share (“per share”), compared to $32.6 million, or $0.39 per share, in the third quarter of 2017, and $29.0 million, or $0.38 per share, in the fourth quarter of 2016. The fourth quarter of 2017 includes a one-time charge of $19.0 million, or $0.22 per share, recorded in income tax expense (the “one-time tax charge”) related to the enactment of the Tax Cuts and Jobs Act in December 2017 (
Jan 02, 2018 11:39 am ET
Cadence Bancorporation to Host Fourth Quarter 2017 Earnings Conference Call
Cadence Bancorporation (NYSE:CADE) announced today that executive management will host a conference call to discuss fourth quarter and full year 2017 results on Thursday, January 25, 2018, at 10:00 a.m. CT / 11:00 a.m. ET. The related press release will be issued after the market close on Wednesday, January 24, 2018.
Dec 18, 2017 03:30 am ET
Report: Developing Opportunities within Chico's FAS, Gogo, Iconix Brand Group, Cabot, Installed Building Products, and Cadence — Future Expectations, Projections Moving into 2018
NEW YORK, Dec. 18, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Chico's FAS, Inc. (NYSE:CHS), Gogo Inc....
Nov 15, 2017 05:56 am ET
Cadence Bancorporation Announces Underwriters’ Full Exercise of Option to Purchase Additional Shares in Connection with Secondary Offering by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced that the underwriters of its previously announced secondary offering have exercised in full their option to purchase 1,425,000 additional shares of Cadence Bancorporation Class A common stock from Cadence Bancorp, LLC. Upon completion of the purchase by the underwriters of the additional shares, Cadence Bancorp, LLC will own approximately 76.6% of Cadence Bancorporation’s outstanding Class A common stock.
Nov 08, 2017 02:55 pm ET
Cadence Bancorporation Announces Pricing of Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the pricing of a secondary offering of 9,500,000 shares of Class A common stock, or approximately 11.4% of Cadence Bancorporation’s outstanding Class A common stock at a public offering price of $22.00 per share and a total offering size of $209,000,000. All of the shares sold in the offering will be sold by Cadence Bancorp, LLC. Upon completion of the offering, Cadence Bancorp, LLC will own approximately 78.3% of Cadence Bancorporation’s outstanding Class A common stock.
Nov 06, 2017 11:34 am ET
Cadence Bancorporation Announces Proposed Secondary Offering of Class A Common Stock by Cadence Bancorp, LLC
Cadence Bancorporation (NYSE: CADE) today announced the commencement of a registered public secondary offering of 9,500,000 shares of Class A common stock, or approximately 11.4% of Cadence Bancorporation’s outstanding Class A common stock. All of the shares sold in the offering will be sold by Cadence Bancorp, LLC. Upon completion of the offering, Cadence Bancorp, LLC will own approximately 78.3% of Cadence Bancorporation’s outstanding Class A common stock.
Oct 24, 2017 01:33 pm ET
Cadence Bancorporation Reports Third Quarter 2017 Results
“We are pleased with the positive progress we are able to report with our third quarter results. We had a good quarter in many respects. Credit looks good with one basis point net charge-offs and declines in nonperforming assets. Loan and deposit growth was solid. We can see nice linked quarter operating leverage with improved efficiency ratio to 52.2% and returns on average tangible common equity of 13.0% and return on average assets of 1.29%. I am grateful to our many hard-working bankers who have been focused on improving our results and doin