Articles from Cadence Bancorporation

Cadence Bancorporation (NYSECADE) (“Cadence”) today announced net income for the quarter ended September 30, 2021, of $84.0 million or $0.67 per share, compared to net income of $101.3 million or $0.80 per share for the quarter ended June 30, 2021, and to net income of $49.3 million or $0.39 per share for the quarter ended September 30, 2020. Adjusted net income(1), excluding non-routine income and expenses(2), was $83.4 million or $0.67 per share for the quarter ended September 30, 2021, compared to $106.1 million or $0.84 per share for the quarter ended June 30, 2021, and compared to $51.4 million or $0.40 per share for the quarter ended September 30, 2020.

Cadence Bancorporation (NYSECADE) today announced its previously declared one-time, special cash dividend on its shares of Class A Common Stock of $1.25 per share to all common stockholders of record as of the close of business on October 25, 2021 is now payable on October 28, 2021.

Cadence Bancorporation (NYSECADE) today announced that it has declared a one-time, special cash dividend on its shares of Class A Common Stock of $1.25 per share to all common stockholders of record as of the close of business on October 25, 2021 payable on or about October 29, 2021.

Cadence Bancorporation (NYSECADE) today announced a quarterly cash dividend in the amount of $0.158 per share of outstanding common stock, representing an annualized dividend of $0.632 per share. The dividend will be paid on or about October 22, 2021 to holders of record of Cadence’s Class A common stock as of close of business on October 18, 2021.

Cadence Bancorporation (NYSECADE) (the “Company”), the parent company of Cadence Bank, N.A. (the “Bank”), announced today the Bank entered into separate settlements with the U.S. Department of Justice (“DOJ”) and the Office of the Comptroller of the Currency (“OCC”) to resolve historical allegations that it violated fair lending laws in Houston, Texas.

Cadence Bancorporation (NYSECADE) today announced that, during a special meeting (“Special Meeting”) of its shareholders held today, CADE shareholders voted to approve the previously announced merger agreement (the “Merger Agreement”) entered into between the Company and BancorpSouth Bank NYSE: BXSNYSEBXS)

Cadence Bancorporation (NYSECADE) (“Cadence”) today announced net income for the quarter ended June 30, 2021, of $101.3 million or $0.80 per share, compared to net income of $106.4 million or $0.84 per share for the quarter ended March 31, 2021, and to a net loss of ($56.1) million or ($0.45) per share for the quarter ended June 30, 2020. Adjusted net income (loss)(1), excluding non-routine income and expenses(2), was $106.1 million or $0.84 per share for the quarter ended June 30, 2021, compared to $104.7 million or $0.83 per share for the quarter ended March 31, 2021, and compared to ($56.9) million or ($0.45) per share for the quarter ended June 30, 2020.

Cadence Bancorporation (NYSECADE) announced today that executive management will host a conference call to discuss second quarter 2021 results on Thursday, July 22, 2021 at 7:30 a.m. CT / 8:30 a.m. ET. The related press release will be issued prior to the call.

Cadence Bancorporation (NYSECADE), a leading regional financial holding company, today announced that members of its management team will participate in the Truist Annual Financial Services Conference.

Cadence Bancorporation (NYSECADE) (“Cadence”) today announced net income for the quarter ended March 31, 2021, of $106.4 million or $0.84 per share, compared to net income of $200.6 million or $1.57 per share for the quarter ended December 31, 2020, and a net loss of ($399.3) million or ($3.15) per share for the quarter ended March 31, 2020. Adjusted net income(1), excluding non-routine income and expenses(2), was $104.7 million or $0.83 per share for the quarter ended March 31, 2021, compared to $199.7 million or $1.57 per share for the quarter ended December 31, 2020, and compared to $12.5 million or $0.10 per share for the quarter ended March 31, 2020. The fourth quarter of 2020 net income included accelerated hedge revenue of $129.5 million ($169.2 million pretax), and the first quarter of 2020 net loss included goodwill impairment of $412.9 million ($443.7 million pretax).