Cadence Bank (CADE) 10-Year Financial Performance & Capital Metrics

CADE • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutCadence Bank provides commercial banking and financial services in the United States. Its products and services include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized and asset-based lending, commercial real estate, equipment financing, and correspondent banking services. The company's products and services also comprise small business administration lending, foreign exchange, wealth management, investment and trust, financial planning, retirement plan management, and personal and business insurance services. As of March 3, 2022, it operated approximately 400 branch locations across the South, Midwest, and Texas. The company was incorporated in 1876 and is headquartered in Tupelo, Mississippi.Show more

Net Interest Income $1.44B +6.3%
Total Revenue $2.9B +32.4%
Net Income $524M -3.4%
Return on Equity 9.75% -14.8%
Net Interest Margin 3.05% +10.6%
Efficiency Ratio 36% -31.7%
ROA 1.09% -1.8%
Equity / Assets 11.85% +12.2%
Book Value per Share 30.01 +6.0%
Tangible BV/Share 22.20 +9.6%
Debt/Equity 0.01 -99.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 17.5%
✓Efficient operations: 36.0% efficiency ratio
✓12 consecutive years of dividend growth
✓Well capitalized: 11.8% equity/assets
✓Healthy dividend yield of 2.2%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.97%

5Y22.43%

3Y37.18%

TTM-

Profit (Net Income) CAGR

10Y16.19%

5Y17.45%

3Y38.95%

TTM-11.4%

EPS CAGR

10Y8.63%

5Y3.79%

3Y21.61%

TTM-13.54%

ROCE

10Y Avg9.06%

5Y Avg6.5%

3Y Avg6.6%

Latest10.41%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	435.68M	453.45M	474.04M	575.22M	649.94M	690.97M	805.71M	1.35B	1.35B	1.44B
NII Growth %	0.05%	0.04%	0.05%	0.21%	0.13%	0.06%	0.17%	0.68%	0%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	464.38M	483.18M	512.99M	653.49M	775.01M	799.49M	882.05M	1.56B	2.31B	2.55B
Interest Expense	28.7M	29.73M	38.95M	78.27M	125.07M	108.53M	76.32M	209.29M	958.81M	1.11B
Loan Loss Provision	-13M	4M	3M	4.5M	1.5M	89.04M	138.06M	7M	80M	71M
Non-Interest Income+	274.37M	274.9M	268.03M	282.04M	280.68M	336.5M	242.89M	342.47M	-116.34M	356.51M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	738.75M	758.08M	781.02M	935.53M	1.06B	1.14B	1.12B	1.9B	2.19B	2.9B
Revenue Growth %	0.03%	0.03%	0.03%	0.2%	0.13%	0.08%	-0.01%	0.69%	0.15%	0.32%
Non-Interest Expense	536.31M	527.91M	507.45M	587.63M	629.61M	650.88M	685.82M	1.11B	1.16B	1.05B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	186.74M	196.44M	231.62M	265.13M	299.52M	287.55M	224.73M	577.02M	-910K	676.2M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.12%	0.05%	0.18%	0.14%	0.13%	-0.04%	-0.22%	1.57%	-1%	744.07%
Pretax Income+	186.74M	196.44M	231.62M	265.13M	299.52M	287.55M	224.73M	577.02M	-910K	676.2M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	59.25M	63.72M	78.59M	43.81M	65.26M	59.49M	45.96M	129.71M	-4.59M	152.59M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	127.49M	132.73M	153.03M	221.32M	234.26M	228.05M	195.16M	463.24M	542.3M	523.6M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.09%	0.04%	0.15%	0.45%	0.06%	-0.03%	-0.14%	1.37%	0.17%	-0.03%
Net Income (Continuing)	127.49M	132.73M	153.03M	221.32M	234.26M	228.05M	178.78M	447.32M	3.68M	523.6M
EPS (Diluted)+	1.33	1.41	1.67	2.23	2.30	2.12	1.54	2.46	2.92	2.77
EPS Growth %	0.1%	0.06%	0.18%	0.34%	0.03%	-0.08%	-0.27%	0.6%	0.19%	-0.05%
EPS (Basic)	1.33	1.41	1.67	2.24	2.31	2.12	1.54	2.47	2.92	2.81
Diluted Shares Outstanding	95.86M	94.45M	91.75M	99.14M	101.81M	103.31M	120.67M	184.5M	182.61M	185.59M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	197.97M	222.97M	220.72M	332.44M	333.01M	417.37M	1.29B	2B	4.23B	1.73B
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	12.49B	13.39B	13.87B	15.88B	18.66B	21.41B	42.38B	42.21B	40.29B	40.82B
Investments Growth %	0.05%	0.07%	0.04%	0.14%	0.18%	0.15%	0.98%	-0%	-0.05%	0.01%
Long-Term Investments	10.4B	10.86B	11.07B	13.13B	14.18B	15.18B	26.78B	30.26B	32.22B	33.53B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	291.5M	300.8M	300.8M	695.72M	825.68M	851.61M	1.41B	1.37B	1.37B	1.37B
Intangible Assets	20.55M	21.89M	17.88M	50.9M	60.01M	55.9M	198.27M	119.58M	100.19M	83.19M
PP&E (Net)	308.13M	305.56M	314.36M	361.86M	480.9M	508.15M	786.43M	792.23M	802.13M	783.46M
Other Assets	453.07M	444.31M	525.73M	622.01M	624.86M	735.71M	1.6B	2.17B	2.14B	2.23B
Total Current Assets	2.32B	2.8B	3.06B	3.14B	4.88B	6.75B	16.9B	13.94B	12.31B	9.03B
Total Non-Current Assets	11.48B	11.93B	12.23B	14.86B	16.17B	17.33B	30.77B	34.71B	36.63B	37.99B
Total Assets+	13.8B	14.72B	15.3B	18B	21.05B	24.08B	47.67B	48.65B	48.93B	47.02B
Asset Growth %	0.04%	0.07%	0.04%	0.18%	0.17%	0.14%	0.98%	0.02%	0.01%	-0.04%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	3.07M	3.98M	4.88M	8.54M	15.12M	10.88M	0	0	0	0
Total Debt+	560.91M	1.09B	2.5B	1.52B	1.54B	939.37M	1.76B	4.47B	4.39B	34.32M
Net Debt	362.94M	865.92M	2.28B	1.18B	1.21B	522M	469.92M	2.48B	157.71M	-1.7B
Long-Term Debt	92.97M	542.89M	30M	6.21M	301.6M	301.65M	482.41M	462.55M	438.46M	10.71M
Short-Term Debt	467.94M	546M	2.47B	1.51B	1.24B	637.72M	1.28B	4.01B	3.95B	23.62M
Other Liabilities	248.08M	219.5M	-833.31M	200.07M	401.71M	462.02M	839.49M	913.9M	879.55M	918.98M
Total Current Liabilities	11.8B	12.24B	14.39B	15.59B	17.66B	20.5B	41.1B	42.97B	42.45B	40.52B
Total Non-Current Liabilities	341.05M	762.39M	-803.31M	206.29M	703.31M	763.68M	1.32B	1.38B	1.32B	929.69M
Total Liabilities	12.14B	13B	13.59B	15.8B	18.37B	21.26B	42.42B	44.34B	43.77B	41.45B
Total Equity+	1.66B	1.72B	1.71B	2.21B	2.69B	2.82B	5.25B	4.31B	5.17B	5.57B
Equity Growth %	0.03%	0.04%	-0.01%	0.29%	0.22%	0.05%	0.86%	-0.18%	0.2%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.08%	0.08%	0.09%	0.11%	0.1%	0.08%	0.05%	0.1%	0.11%	0.1%
Book Value per Share	17.27	18.25	18.67	22.25	26.37	27.32	43.49	23.37	28.30	30.01
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	235.41M	234.24M	225.78M	249.49M	261.31M	256.4M	470.84M	456.09M	457.18M	458.82M
Additional Paid-in Capital	282.93M	271.29M	177.62M	484.48M	605.98M	565.19M	2.84B	2.71B	2.74B	2.74B
Retained Earnings	1.18B	1.27B	1.37B	1.55B	1.71B	1.82B	1.91B	2.2B	2.56B	2.9B
Accumulated OCI	-41.83M	-50.94M	-63.84M	-80.49M	-62.66M	11.92M	-139.37M	-1.22B	-761.83M	-694.5M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	167.02M	166.99M	166.99M	166.99M	166.99M	166.99M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	133.31M	143.5M	180.84M	223.37M	239.58M	222.89M	1.17B	927.91M	563.51M	856.66M
Operating CF Growth %	-0.06%	0.08%	0.26%	0.24%	0.07%	-0.07%	4.26%	-0.21%	-0.39%	0.52%
Net Income	127.49M	132.73M	153.03M	221.32M	234.26M	228.05M	195.16M	463.24M	542.3M	523.6M
Depreciation & Amortization	30.25M	29.27M	30.12M	34.55M	43.08M	75.12M	175.94M	255.82M	238.61M	202.57M
Deferred Taxes	-11.36M	10.52M	20.97M	25.92M	1.5M	-240K	-22.06M	7.82M	892K	8.22M
Other Non-Cash Items	-11.96M	-28.33M	22.02M	683K	-227.41M	-170.82M	929.24M	95.41M	-269.48M	20.84M
Working Capital Changes	-6.7M	-7.79M	-54.4M	-71.6M	172.84M	77.96M	-123.65M	68.75M	11.2M	68.72M
Cash from Investing+	-627M	-941.24M	-634.94M	577.59M	-1.29B	-2.43B	-3.15B	-1.71B	2.4B	-782.16M
Purchase of Investments	-374.18M	-891.15M	-981.12M	-579.15M	-2.59B	-3.05B	-7.95B	-884.25M	-2.44B	-851.65M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-11.2M	0	134.17M	172.61M	2.07M	2.31B	-11.51M	861.36M	15.31M
Other Investing	-639.33M	-433.03M	-274.48M	-214.06M	17.64M	-740.31M	-179.59M	-3.66B	-2.24B	-1.46B
Cash from Financing+	334.42M	822.74M	451.86M	-689.25M	1.06B	2.29B	2.86B	1.49B	-723.05M	-2.58B
Dividends Paid	-33.37M	-42.31M	-48.35M	-61.54M	-72.76M	-85.95M	-108.75M	-170.26M	-181.28M	-192.13M
Share Repurchases	-70.44M	-24.16M	-112.1M	-194.37M	-71.7M	-91.18M	-185.68M	-183.58M	-2.41M	-35.44M
Stock Issued	10.44M	2.77M	881K	108K	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	359.9M	358.46M	227.46M	-391.52M	1.02B	3.07B	3.21B	-863.98M	-459.37M	2B
Net Change in Cash+	-159.28M	25M	-2.24M	111.71M	570K	84.36M	877.31M	703.47M	2.24B	-2.5B
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	357.25M	197.97M	222.97M	220.72M	332.44M	333.01M	417.37M	1.29B	2B	4.23B
Cash at End	197.97M	222.97M	220.72M	332.44M	333.01M	417.37M	1.29B	2B	4.23B	1.73B
Interest Paid	28.83M	28.82M	39.79M	81.96M	131.65M	104.29M	78.72M	190.24M	885.66M	1.1B
Income Taxes Paid	35.12M	47.4M	70.95M	4.94M	55.83M	74.72M	76.8M	72.44M	163.45M	115.08M
Free Cash Flow+	102.91M	118.41M	145.11M	183.83M	184.59M	156.94M	1.1B	833.42M	465.22M	776.59M
FCF Growth %	-0.18%	0.15%	0.23%	0.27%	0%	-0.15%	6.01%	-0.24%	-0.44%	0.67%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	7.82%	7.86%	8.9%	11.29%	9.58%	8.28%	4.84%	9.69%	11.44%	9.75%
Return on Assets (ROA)	0.94%	0.93%	1.02%	1.33%	1.2%	1.01%	0.54%	0.96%	1.11%	1.09%
Net Interest Margin	3.16%	3.08%	3.1%	3.2%	3.09%	2.87%	1.69%	2.78%	2.76%	3.05%
Efficiency Ratio	72.6%	69.64%	64.97%	62.81%	59.64%	57.3%	60.97%	58.31%	52.69%	36%
Equity / Assets	12%	11.71%	11.2%	12.25%	12.75%	11.72%	11.01%	8.86%	10.56%	11.85%
Book Value / Share	17.27	18.25	18.67	22.25	26.37	27.32	43.49	23.37	28.3	30.01
NII Growth	4.56%	4.08%	4.54%	21.35%	12.99%	6.31%	16.61%	67.71%	0%	6.28%
Dividend Payout	26.17%	31.88%	31.6%	27.81%	31.06%	33.53%	50.86%	34.71%	31.68%	34.88%

Frequently Asked Questions

Valuation & Price

Cadence Bank (CADE) has a price-to-earnings (P/E) ratio of 16.0x. This is roughly in line with market averages.

Growth & Financials

Cadence Bank (CADE) grew revenue by 32.4% over the past year. This is strong growth.

Yes, Cadence Bank (CADE) is profitable, generating $537.0M in net income for fiscal year 2024 (18.0% net margin).

Dividend & Returns

Yes, Cadence Bank (CADE) pays a dividend with a yield of 2.22%. This makes it attractive for income-focused investors.

Cadence Bank (CADE) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.

Industry Metrics

Cadence Bank (CADE) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.

Cadence Bank (CADE) has an efficiency ratio of 36.0%. This is excellent, indicating strong cost control.

US Stock Screener

...