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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 |
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 three months ended 31 March 2024, Cadence Bank interest income increased 21% to $637.1M. Net interest income after loan loss provision decreased 4% to $331.9M. Net income applicable to common stockholders increased 54% to $114.6M. Net interest income after loan loss provision reflects Corporate Banking segment decrease from $181.1M to $0K, Net Interest Margin, Total -% decrease of 2% to 3.22%, Net Interest Spread, Total -% decrease of 9% to 2.4%. |
Employees: | 4,596 as of Dec 31, 2020 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $9,116M as of Mar 31, 2024 |
Annual revenue (TTM): | $2,421M as of Mar 31, 2024 |
EBITDA (TTM): | $427.60M as of Mar 31, 2024 |
Net annual income (TTM): | $34.55M as of Mar 31, 2024 |
Free cash flow (TTM): | N/A |
Net Debt Last Fiscal Year: | $3,597M as of Mar 31, 2024 |
Shares outstanding: | 182,681,325 as of Mar 31, 2024 |
Index Membership: | S&P 400 Mid Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |