Cadence Bank operates as a comprehensive financial institution throughout the United States, providing a diverse range of commercial banking and other financial ...
Cadence Bank (NYSE: CADE) operated as a comprehensive financial institution serving both retail customers and businesses across the United States, with a concentration in the Southern and Midwestern regions and a strong presence in Texas. Historically headquartered in Tupelo, Mississippi (and described as having dual headquarters, including Houston, Texas, in ...Cadence Bank (NYSE: CADE) operated as a comprehensive financial institution serving both retail customers and businesses across the United States, with a concentration in the Southern and Midwestern regions and a strong presence in Texas. Historically headquartered in Tupelo, Mississippi (and described as having dual headquarters, including Houston, Texas, in earlier materials), the bank offered a broad range of commercial banking capabilities, including consumer banking and lending products as well as business credit solutions.
For individuals, Cadence Bank provided core deposit and banking services alongside lending products such as consumer loans, mortgages, home equity lines and loans, and credit cards. For business customers, the bank focused on commercial banking services including treasury management, specialized lending, and asset-based lending. It also provided commercial real estate financing, equipment financing, and correspondent banking services. In addition, Cadence Bank supported small businesses through Small Business Administration (SBA) lending programs, enabling borrowers to access structured funding backed by SBA guarantees.
The bank also offered additional financial services beyond traditional lending and deposits. These included foreign exchange capabilities, wealth management, investment and trust services, financial planning, retirement plan management, and selected personal and business insurance solutions—reflecting a “full-service” approach intended to retain customers across multiple financial needs.
From a footprint perspective, Cadence Bank maintained hundreds of physical branches (reported around ~390–400 locations in the provided context) and served as a recognizable regional banking franchise. In terms of scale, it employed roughly in the mid-to-high thousands of full-time staff (approximately 5,356 based on the provided company snapshot; other references cited figures in the ~5,000–6,500 range). Financial-market disclosures in the provided data showed metrics such as a market capitalization in the multi-billions range and enterprise value metrics consistent with a regional bank.
Key leadership included James D. “Dan” Rollins III as Chairman and CEO. Founded in 1876, the institution operated for many decades under various forms and names before becoming Cadence Bank.
Finally, Cadence Bank is now part of Huntington Bank. Customer-facing channels and accounts have transitioned so that services are accessed through Huntington Online Banking and Huntington Bank branch operations, reflecting a consolidation that aimed to provide greater scale and an expanded product/service offering to customers.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.9B
+0.0%
+2.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$544.5M
+4.0%
+13.0%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+60.6%
+2.1%
+7.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+24.0%
+2.9%
+11.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+18.7%
+4.0%
+10.1%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$776.6M
+66.9%
+43.8%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+26.7%
+66.9%
+40.1%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
35.1%
+5593.2%
-6.6%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.07x
-68.6%
-50.2%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Good day, and welcome to the Cadence Bank Third Quarter 2025 Earnings Webcast and Conference Call. All participants will be in a listen-only mode. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on a touch-tone phone. To withdraw your question, please press star, then 2. Please note that this event is being recorded. I would now like to turn the conference over to Will Fisackerly, Executive Vice President and Director of Finance. Please go ahead.
Will Fisackerly: Good morning, and thank you for joining the Cadence Bank Third Quarter 2025 Earnings Conference Call. We have members from our executive management team here with us this morning: Dan Rollins, Chris Bagley, Valerie Toalson, and Billy Braddock. Our speakers will be referring to prepared slides during the discussion. You can find the slides by going to our Investor Relations page at ir.cadencebank.com, where you'll find them on the link to our webcast, or you can view them at the exhibit to the 8-Ks that we filed yesterday afternoon. These slides are also available in the presentation section of our Investor Relations website. I would remind you that the presentation, along with our earnings release, contains our customary disclosures around forward-looking statements as well as any non-GAAP metrics that may be discussed. Disclosures regarding forward-looking statements contained in those documents apply to our presentation today. Now I'll turn to Dan for his opening comments.
Dan Rollins: Good morning. Thank you for joining us this morning to discuss our third-quarter results. It's been another outstanding quarter for our company. I will cover a few highlights, and Valerie will provide some additional detail on our financials. After our prepared comments, our executive management team will be available for questions. We are very pleased to have completed the acquisition of Industry Bank Shares on July 1, as well as the operational integration that just completed last week. Industry and First Chatham are now both fully integrated into our systems and processes, and we are operating as one bank under the Cadence brand. We look forward to the opportunity to grow in Central Texas and Georgia markets that were added through these transactions. Industry was certainly a unique transaction given the size and complexity of their securities portfolio, and it was just a home run on all fronts. Our team did a fantastic job in executing the disposition of 100% of their securities portfolios during the third quarter at a total mark that was less than our estimated mark when we announced the transaction. In fact, virtually all of the purchase accounting marks for Industry came in better than originally estimated. Valerie will cover the purchase accounting items in more detail in a moment. But these improvements are reflected in our quarter-end tangible book value per share declining only $0.12 to $22.82 as the impact of …
