Cadence Bank Common Stock (CADE)

These regional banks are in a solid position to pay their dividends in 2024; a strong tailwind is expected to develop by the end of the year and drive growth.

SAN DIEGO, Nov. 08, 2022 (GLOBE NEWSWIRE) -- LPL Financial LLC today announced that Cadence Bank (NYSECADE) plans to onboard the investment business of legacy BancorpSouth Bank to LPL’s platform in the fourth quarter of 2022. Legacy Cadence Bank, which leveraged LPL’s Investment Services platform to support its investment business, merged into BancorpSouth Bank in a deal that closed in October 2021. Legacy BancorpSouth’s retail advisory and brokerage business comprises more than 25 financial advisors, who collectively serve ~$2.5 billion of brokerage and advisory assets estimated as of September 30, 2022(1).

A $750,000 Affordable Housing Program (AHP) subsidy awarded to Renewal Ranch from BancorpSouth Bank, a division of Cadence Bank (NYSECADE), and the Federal Home Loan Bank of Dallas (FHLB Dallas) will provide funding to build a 42-unit residential facility for men ages 21 and older recovering from drug addiction.

BancorpSouth Bank, a division of Cadence Bank (NYSECADE), and the Federal Home Loan Bank of Dallas (FHLB Dallas) awarded a $750,000 Affordable Housing Program (AHP) subsidy to Renewal Ranch to help build a $1.9 million residential facility on its campus.

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.

The First, A National Banking Association (“The First”), headquartered in Hattiesburg, Mississippi and subsidiary of The First Bancshares, Inc. (NASDAQ: FBMS “FBMS”) has entered into a definitive purchase agreement to acquire seven Cadence Bank, N.A. branches in Northeast Mississippi. Cadence Bank, N.A. is a subsidiary of Cadence Bancorporation (NYSE: CADE “Cadence”).

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 Bank, a subsidiary of Cadence Bancorporation (NYSECADE), today announced a strategic business alliance with Houston-based Unity National Bank of Houston (Unity National Bank), the only Black-owned banking institution in Texas. The cooperative alliance brings growth capital to Unity National Bank, strengthening its ability to make commercial loans and deliver other banking and financial solutions to businesses, individuals and families in minority and underserved communities in Greater Houston and Atlanta.

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).

NEW YORK, NY / ACCESSWIRE / April 19, 2021 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Nuance Communications, Inc. (NASDAQNUAN) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Microsoft Corporation for $56.00 per share. If you are a Nuance shareholder, click here to learn more about your rights and

NEW YORK, NY / ACCESSWIRE / April 19, 2021 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Frank's International N.V. (NYSEFI) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its merger with Expro Group. If you are a Frank's shareholder, click here to learn more about your rights and options. Luminex

NEW YORK, NY / ACCESSWIRE / April 15, 2021 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate the following companies: Nuance Communications, Inc. (NASDAQNUAN) concerning potential violations of the federal securities laws and/or breaches of fiduciary duties relating to its sale to Microsoft Corporation for $56.00 per share. If you are a Nuance shareholder, click here to learn more about your rights and

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Cadence Bancorporation (NYSECADE) to BancorpSouth Bank NYSE: BXSNYSEBXS)

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Cadence Bancorporation (NYSECADE) to BancorpSouth Bank is fair to Cadence shareholders. Under the terms of the merger agreement, Cadence shareholders will receive 0.70 shares of BancorpSouth stock for each share of Cadence they own. The agreement also allows for a one-time special cash dividend to Cadence shareholders of $1.25 per share. Cadence shareholders will own approximately 45% of the combined company.