Index Changes - S&P Dow Jones Indices will implement changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective January 30 and February 2, 2026 [1][3] - TTM Technologies (TTMI) will be added to the S&P MidCap 400, replacing Civitas Resources (CIVI), which is being acquired by SM Energy [1][3] - Amneal Pharmaceuticals (AMRX) will be added to the S&P SmallCap 600, replacing TTM Technologies [1][3] - Dutch Bros (BROS), Advanced Energy Industries (AEIS), and American Healthcare REIT (AHR) will be added to the S&P MidCap 400 on February 2, 2026, with Comerica (CMA), Cadence Bank (CADE), and PotlatchDeltic (PCH) being removed [1][3] - Apellis Pharmaceuticals (APLS) and LegalZoom.com (LZ) will be added to the S&P SmallCap 600, replacing Advanced Energy Industries and Elme Communities (ELME), respectively [1][3] Acquisition Details - SM Energy is acquiring Civitas Resources, and the deal is expected to close soon, with SM Energy remaining in the S&P SmallCap 600 post-merger [3] - Rayonier is acquiring PotlatchDeltic, and will remain in the S&P MidCap 400 after the merger [3] - Fifth Third Bancorp is acquiring Comerica, which will also remain in the S&P MidCap 400 post-acquisition [3] - Huntington Bancshares is acquiring Cadence Bank, with Cadence being removed from the S&P MidCap 400 [3] - Elme Communities is undergoing liquidation activities, making it no longer suitable for the S&P SmallCap 600 [3]

Key Takeaways USCB Financial, AMAL, CDRE, CADE, MCB recently announced dividend hikes despite ongoing economic uncertainty.USCB declared a 13-cent dividend, reflecting its consistent payout growth and a payout ratio of 25%.Cadence Bank raised its dividend to 34 cents, marking its sixth increase in five years with a 2.4% yield.The U.S. economy remains resilient; however, investors are concerned over various domestic and geopolitical headwinds that may trigger sudden bouts of market volatility. The U.S. GDP g ...

Cadence (CADE) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.7 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +7.26%. A quarter ago, it was expected that this bank would post earnings of $0.78 per share when it actually produced earnings of $0.81, delivering a surprise of +3.85%.Over the last four quarters, the company has surpasse ...

Core Insights - Cadence Bank reported strong financial results for the fourth quarter and full year of 2025, highlighting continued earnings growth and balance sheet expansion, supported by strategic partnerships and a pending merger with Huntington Bancshares [2][5]. Financial Performance - For the year ended December 31, 2025, net income available to common shareholders was $532.6 million, or $2.83 per diluted share, an increase from $514.1 million, or $2.77 per diluted share in 2024 [3][5]. - Adjusted net income for 2025 was $582.2 million, or $3.10 per diluted share, compared to $507.9 million, or $2.74 per diluted share in 2024, marking a 13.1% increase on a per-share basis [5]. - The adjusted pre-tax pre-provision net revenue (PPNR) reached a record $857.7 million, or 1.68% of average assets, up from $739.0 million, or 1.54% of average assets in 2024 [5]. Quarterly Highlights - In Q4 2025, net income available to common shareholders was $144.4 million, or $0.76 per diluted share, compared to $130.3 million, or $0.70 per diluted share in Q4 2024 [4][5]. - Adjusted net income for Q4 2025 was $160.6 million, or $0.85 per diluted share, up from $130.0 million, or $0.70 per diluted share in Q4 2024 [4][5]. - The adjusted PPNR for Q4 2025 was $237.8 million, reflecting a 29.2% increase compared to Q4 2024 [6][5]. Balance Sheet and Growth - Total loans increased by $3.5 billion, or 10%, in 2025, while total deposits grew by $3.6 billion, or 9% [5]. - The net interest margin improved by 17 basis points to 3.47% for 2025, benefiting from balance sheet growth and improved funding costs [5]. - As of December 31, 2025, total assets were $53.5 billion, with loans and leases net of unearned income at $37.2 billion [10][11]. Credit Quality - Net charge-offs for Q4 2025 were $26.1 million, or 0.28% of average net loans, compared to $14.1 million, or 0.17% in Q4 2024 [13][14]. - The allowance for credit losses was $495.1 million at December 31, 2025, representing 1.33% of total loans [13][14]. Noninterest Revenue and Expenses - Noninterest revenue for Q4 2025 was $101.5 million, up from $86.2 million in Q4 2024 [15][20]. - Noninterest expense for Q4 2025 was $311.3 million, compared to $266.2 million in Q4 2024, with adjusted noninterest expense at $290.6 million [20][21]. Strategic Transactions - The company completed mergers with FCB Financial Corp. and Industry Bancshares, adding approximately $4.7 billion in assets and enhancing its presence in Georgia and Texas [5][23][24]. - A definitive merger agreement with Huntington Bancshares is expected to close on February 1, 2026, creating a top 10 national franchise with pro forma total assets exceeding $275 billion [5][25].

HOUSTON and TUPELO, Miss., Jan. 20, 2026 /PRNewswire/ -- The board of directors of Cadence Bank (NYSE: CADE) has declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on February 20, 2026, to shareholders of record at the close of business on January 30, 2026. About Cadence Bank Cadence Bank (NYSE: CADE) is a $53 billion regional bank committed to helping people, companies and communities prosper. With more than 390 locations spanning ...

Wall Street analysts forecast that Cadence (CADE) will report quarterly earnings of $0.79 per share in its upcoming release, pointing to a year-over-year increase of 12.9%. It is anticipated that revenues will amount to $523.7 million, exhibiting an increase of 16.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior ...

Core Viewpoint - President Donald Trump's proposal to impose a 10% cap on interest rates for American credit card companies has caused significant concern among bank executives and could lead to reduced credit availability for consumers and small businesses [2][4][7]. Group 1: Market Reaction - Shares of major banks such as Citigroup, JPMorgan Chase, Wells Fargo, and Bank of America fell between 1% and 4% in premarket trading following the announcement [3]. - Companies closely linked to the credit card industry, including Visa, Mastercard, and American Express, also experienced declines, with Capital One's shares dropping 7% [3]. Group 2: Industry Implications - The proposed interest rate cap could render large portions of the credit card industry unprofitable, particularly for customers with subprime credit profiles, leading banks to potentially withdraw access to credit for these consumers [5][6]. - The industry may also reduce rewards programs and other benefits associated with credit cards, which could result in consumers either spending less or turning to alternative forms of unsecured debt [5]. Group 3: Enforcement Challenges - There is uncertainty regarding how the interest rate cap would be enforced, as the most straightforward legislative approach is not feasible by the proposed start date of January 20 [8]. - Alternative enforcement methods through banking regulators, such as the Consumer Financial Protection Bureau, are complicated by the Trump administration's previous attempts to limit the agency's power [9]. - The timeline given for compliance appears to be a strategy to pressure banks into voluntary compliance rather than a clear legislative mandate [10].

Core Viewpoint - Huntington Bancshares and Cadence Bank have received shareholder approval for their merger, which is a significant step towards finalizing the deal valued at $7.4 billion [1][2][4] Group 1: Merger Details - The merger agreement, announced in October 2025, involves Huntington Bancshares acquiring Cadence Bank, which has reported $53 billion in assets [1] - The deal is expected to be finalized on February 1, 2026, contingent upon the resolution or waiver of all outstanding closing conditions [2] - Cadence shareholders will receive 2.475 shares of Huntington's common stock for each share of Cadence [2] Group 2: Leadership Statements - Huntington Bancshares' CEO Steve Steinour emphasized the importance of shareholder approval as a milestone in the merger process, highlighting the potential for growth in shareholder value [2][3] - Cadence Bank's CEO Dan Rollins expressed satisfaction with the shareholder support, noting the expanded capabilities and expertise that the merger will bring to Cadence's customers [4] Group 3: Future Plans - Following the merger, Cadence's branches are set to adopt the Huntington name in the second quarter of 2026, indicating a planned integration of operations post-merger [3]

Core Viewpoint - The merger between Huntington Bancshares and Cadence Bank has received shareholder approval, marking a significant step towards the completion of the transaction, which is expected to close on February 1, 2026 [1][2]. Company Overview Huntington Bancshares - Huntington Bancshares is a regional bank holding company with assets totaling $223 billion, headquartered in Columbus, Ohio. It offers a wide range of banking, payments, wealth management, and risk management services [3]. - The company operates over 1,000 branches across 14 states, providing services to consumers, small and middle-market businesses, corporations, and municipalities [3]. Cadence Bank - Cadence Bank is a regional bank with assets of $53 billion, focused on supporting individuals, businesses, and communities. It has more than 390 locations primarily in the South and Texas [4]. - The bank has been recognized as one of the best employers and as one of America's Best Banks by Forbes, highlighting its commitment to customer service and community engagement [4]. Merger Details - Shareholders from both Huntington and Cadence have overwhelmingly approved the merger, which aims to enhance capabilities and expand the footprint of both banks [2]. - The merger is anticipated to create significant opportunities for growth in shareholder value and improve service offerings to customers [2].

Core Insights - Merger and acquisition activity among banks significantly increased in 2025, with over 170 deals announced, marking a rise of more than one-third from 2024 and nearly 80% from 2023 [6][3] - The total value of these deals reached approximately $47 billion, indicating a trend towards larger valuations compared to previous years [3][2] - A more favorable regulatory environment and expedited deal approval processes are expected to encourage further acquisitions in 2026 [6] Deal Highlights - Capital One Financial completed its acquisition of Discover Financial Services for $51.8 billion, creating a major player in the credit card market [4] - Fifth Third Bancorp's proposed acquisition of Comerica is set to create the ninth-largest U.S. commercial bank with $288 billion in assets, aiming for a close in Q1 2026 [8] - Pinnacle Financial Partners and Synovus Financial announced a merger of equals valued at $8.6 billion, expected to close on January 1, 2026 [14] - Huntington Bancshares is acquiring Cadence Bank for $7.4 billion, enhancing its presence in Texas and Southern markets, with a closing date anticipated around February 1, 2026 [20] - PNC Financial Services Group's purchase of FirstBank Holding Company for $4.1 billion is expected to close on January 5, 2026, significantly expanding PNC's footprint in Colorado [25] Market Reactions - Despite the increase in deal activity, not all transactions have been well-received by the market, with some leading to declines in stock prices for the involved banks [5] - The merger of Pinnacle and Synovus initially caused a 10% drop in stock prices due to concerns over the performance of mergers of equals [16] - PNC's stock experienced a 10% dip following the announcement of its acquisition of FirstBank, although it has since recovered [28]