Third Quarter 2022 Financial Results Presented October 25, 2022 Successful Conversion and Rebranding Fully Integrated and Focused on the Future ▪ In October 2022, successfully converted approximately 200,000 accounts and rebranded 400+ branch/facilities over nine states ▪ Successful conversion of all systems, infrastructure, call centers ▪ Integrated platform to support growth and business expansion ▪ Retention of key talent in client-facing and critical support roles ▪ Solid cultural alignment and experien ...

Second Quarter 2022 Financial Results Presented July 26, 2022 Second Quarter 2022 Financial Highlights ● Net income available to common shareholders of $124.6 million, or $0.68 per diluted common share. ● Adjusted net income available to common shareholders(1) of $134.2 million, or $0.73 per diluted common share, up 12.3% from 1Q22 reflecting strong revenue, lower expenses and continued improvement in Earnings Highlights credit metrics. The adjusted return on average tangible common equity was 19.5% for 2Q2 ...

Financial Data and Key Metrics Changes - The company reported net income available to common shareholders of $124.6 million or $0.68 per diluted share, with adjusted net income of $134.2 million or $0.73 per diluted share, both showing an increase of over 10% on a linked-quarter basis [6][9] - Adjusted PPNR was $176.7 million or 1.51% of average assets on an annualized basis, reflecting strong performance [6][9] - Net loan growth for the quarter was $1.2 billion or over 17% annualized, bringing the year-to-date total to $1.5 billion or 11% annualized [6][9] Business Line Data and Key Metrics Changes - Significant growth was reported in commercial and industrial, commercial real estate, and residential mortgage portfolios [7] - The loan growth was almost evenly split between the community bank and commercial bank, excluding residential mortgage growth [7] - Noninterest revenue was $125.2 million, a decline of $3.2 million due to lower MSR valuation adjustments, but insurance revenue grew over 10% [12] Market Data and Key Metrics Changes - The company experienced considerable loan growth in Texas, Florida, Missouri, and parts of Mississippi [7] - Total deposits saw a minor decline of $379 million, consistent with historical seasonal trends, but year-to-date deposits were still up by over $370 million or almost 2% annualized [7] Company Strategy and Development Direction - The company is focused on successfully integrating operations and technology systems post-merger, with a core system conversion scheduled for later this year [5][6] - There are plans to consolidate 17 additional branches, expected to yield annual cost savings of approximately $8 million [8] - The company aims to maintain a strong customer experience throughout the integration process, emphasizing operational efficiency and cost savings from the merger [6][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's credit quality metrics, noting net recoveries for five consecutive quarters and a decline in nonperforming assets [8] - The management team is cautiously optimistic about loan growth opportunities, contingent on economic conditions within their footprint [19][25] - There are concerns about potential economic headwinds, but the company remains well-positioned for increasing rates [14][19] Other Important Information - The adjusted efficiency ratio improved to 60.5%, with adjusted noninterest expenses declining by over $9 million or 3% compared to the previous quarter [8][13] - The company is asset sensitive, with approximately 68% of the loan portfolio floating within 30 days or variable rate [11] Q&A Session Summary Question: Impact of insurance acquisition on income - The acquisition contributed less than $0.5 million in gross fees [15] Question: Plans to alter asset sensitivity - Management is currently comfortable with their asset sensitivity position and continues to evaluate it [16] Question: Expectations for loan growth in the second half of the year - Management is pleased with current pipelines and expects continued growth, potentially reaching low double-digit growth by year-end [25][26] Question: Cost savings from expenses and branch closures - Management detailed expected cost savings from branch closures and amortization expense reductions, indicating a focus on maintaining efficiency [27][28] Question: Funding growth and margin outlook - Management plans to fund growth through deposits and securities runoff, with expectations for gradual increases in deposit costs [31][34] Question: Share repurchase outlook amid macro concerns - Management is cautious about future share repurchases due to potential economic uncertainties [55] Question: Credit quality and allowance for credit losses - Management indicated that credit quality remains strong, with the allowance for credit losses at 1.55% of loans [56] Question: Clarification on branch closures - The 17 additional branch closures are part of the previously communicated consolidation plans [58][61]

Investor Presentation May 2022 Disclaimers Forward Looking Statements Certain statements made in this presentation are not statements of historical fact and constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words or phrases such as "ant ...

Cadence Bank (NYSE:CADE) Q1 2022 Earnings Conference Call April 26, 2022 11:00 AM ET Company Participants Dan Rollins - Chairman and CEO Paul Murphy - Executive Vice Chairman Valerie Toalson - Chief Financial Officer Chris Bagley - President Hank Holmes - Chief Banking Officer Conference Call Participants Jon Arfstrom - RBC Capital Markets Catherine Mealor - KBW Jennifer Demba - Truist Michael Rose - Raymond James Brad Milsaps - Piper Sandler Kevin Fitzsimmons - D.A. Davidson Matt Olney - Stephens Disclaime ...

Investor Presentation February 2022 Disclaimers Forward Looking Statements Certain statements made in this presentation are not statements of historical fact and constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made through the use of words or phrases such as ...

Financial Data and Key Metrics Changes - The company reported a net loss on a GAAP basis for Q4 2021 of $37 million or $0.22 per share, while adjusted net income available to common shareholders was $102 million or $0.62 per share [26] - Adjusted pretax pre-provision net revenue (PPNR) was $134 million or 1.29% of average assets, remaining flat compared to the prior quarter [27] - The net interest margin for Q4 was reported at 2.9%, up due to increased accretion revenue from the merger [30] Business Line Data and Key Metrics Changes - The mortgage team reported origination volume of $818 million for the quarter, with two-thirds being purchase money [46] - Insurance reported total commission revenue of $32.6 million, marking the third consecutive quarter of near double-digit revenue growth [45] - Organic loan growth for the quarter was $400 million or 6% annualized, with growth spread across various loan categories [39] Market Data and Key Metrics Changes - The company experienced a decline in deposits of approximately $470 million on an organic basis during the quarter, primarily due to routine volatility in large municipal deposit accounts [42] - Non-performing loans decreased to $38.4 million or 20% during the quarter, with non-performing assets declining to 39 basis points of total assets [44] Company Strategy and Development Direction - The company aims to complete the integration of the two legacy organizations and capitalize on the opportunities presented by the merger [95][96] - There is a focus on enhancing the brand identity and operational integration, with plans for further development in various business lines, including insurance and wealth management [8][96] - The management team is optimistic about growth opportunities in 2022, particularly in commercial and industrial (C&I) lending [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the credit quality improvement and the overall economic environment, noting a mature credit culture [17][24] - The company anticipates a period of rising interest rates, which positions it well for future growth [24] - Management highlighted the importance of retaining key bankers and the positive cultural alignment between the legacy organizations [20] Other Important Information - The merger resulted in recorded goodwill of $452 million and a preliminary intangible asset value of $152 million [35] - The company has a robust pipeline for loan growth, with expectations for mid-single-digit portfolio growth in 2022 [49] Q&A Session Summary Question: Updates on merger assumptions and EPS accretion expectations - Management remains confident in achieving planned cost savings and expects to see significant reductions in costs post-Q4 operational integration [55][56] Question: Impact of purchase accounting accretion - The company anticipates a balanced accretion income throughout 2022, with an estimated total of about $40 million [56][58] Question: Thoughts on share buyback and intrinsic value - Management views the current stock valuation as low and plans to utilize share buybacks as a tool for capital management [60] Question: Near-term expense guidance - Management indicated that Q1 expenses may see typical seasonal increases but expects to identify efficiencies as integration progresses [62][65] Question: Outlook on loan growth and credit quality - Management expressed optimism about continued loan growth and improving credit quality, with net recoveries reported for multiple quarters [83][84]

Full Year and Fourth Quarter 2021 Financial Results Presented January 26, 2022 Disclaimers Forward Looking Statements Certain statements made in this presentation are not statements of historical fact and constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are subject to the safe harbor created thereby under the Private Securities Litigation Reform Act of 1995. These statements are often, but not always, made ...

| --- | --- | --- | |-------|-------|---------------------------------------------------------| | | | | | | | | | | | BancorpSouth Bank | | | | Financial Information | | | | As of and for the Three Months Ended September 30, 2021 | | | | | | | | Presented October 26, 2021 | | | | | 1 Forward Looking Statements Certain statements made in this presentation are not statements of historical fact and constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, ...

Financial Data and Key Metrics Changes - Net income available to common shareholders for Q3 2021 was $70.4 million or $0.65 per diluted share, with net operating income, excluding MSR, at $73.3 million or $0.68 per diluted share [10][11] - PPNR, excluding MSR adjustment and other non-operating items, totaled $90.1 million or 1.29% of average assets on an annualized basis for the quarter [11] - Total risk-based capital ratio stood at 14.27% as of September 30 [18] Business Line Data and Key Metrics Changes - Total deposit and customer repo growth was over $720 million or 12.2% on an annualized basis for the quarter [12] - Net organic loan growth, excluding PPP forgiveness payments, was $122 million or 3.3% for the quarter, marking the second consecutive quarter of net organic loan growth [13][26] - Mortgage team produced almost $790 million in loans during Q3, with commission revenue from insurance at $35.8 million, an increase of over 9% compared to Q3 2020 [15][30] Market Data and Key Metrics Changes - Significant growth in Texas with over 15% growth in the quarter, while Georgia and Tennessee markets also showed nearly 10% growth [38] - The economies across the company's footprint continue to rebound and perform well [14] Company Strategy and Development Direction - The company is focused on finalizing the merger with Cadence Bank, with both teams actively engaged in integration planning [8][33] - The leadership team is optimistic about the combined entity's future, emphasizing the potential for enhanced commercial efforts and loan growth opportunities [35][76] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in credit quality, reporting net recoveries of $2.1 million and a provision release of $7 million for the quarter [16][27] - The company anticipates continued growth in loan pipelines and is optimistic about the economic recovery [39][76] Other Important Information - The company repurchased over 1.7 million shares at a weighted average price of $28.69 during the quarter, with 4.3 million shares remaining in the current authorization [17] - The company is actively working on technology investments and consolidating operations post-merger [52][55] Q&A Session Summary Question: Update on organic growth and pipeline expectations - Management noted that organic growth was heavily weighted into C&I, with a positive outlook on the pipeline and loan growth opportunities across various geographies [35][36][38] Question: Liquidity and securities purchases - Management confirmed significant liquidity and discussed recent purchases of variable rate mortgage-backed securities [40][42] Question: Share repurchase appetite - Management indicated a desire to be opportunistic with share repurchases, with over 4 million shares left on the authorization [48][49] Question: Technology investment priorities - Management outlined plans for technology consolidation and investments in consumer and commercial banking products [52][55] Question: Operating expenses and cost savings - Management acknowledged higher personnel expenses due to merger activities and annual salary adjustments, with expectations for cost savings to ramp up post-merger [57][60][71]