Merger Details - Cadence Bank has signed a definitive merger agreement with FCB Financial Corp, the bank holding company for First Chatham Bank, a Savannah-based community bank [1] - The merger will expand Cadence Bank's presence in the rapidly growing Savannah, Georgia market and coastal Georgia communities [2] - As of September 30, 2024, First Chatham Bank reported total assets of $590 million, total loans of $329 million, and total deposits of $510 million [2] - Cadence Bank will issue 2,300,000 shares of common stock plus $23.1 million in cash for all outstanding shares of FCB Financial Corp stock [3] - Based on Cadence's 10-day moving average price of $34.98 on January 21, 2025, the transaction is valued at approximately $103.6 million [3] Strategic Rationale - The merger aligns with Cadence Bank's culture as a relationship-driven regional bank and strengthens its ability to support individuals, families, and businesses in the region [4] - The partnership will enable First Chatham Bank to deepen its commitment to serving customers and communities in Savannah and Coastal Georgia with expanded capabilities and broader expertise [4] - Upon completion, First Chatham Bank President & CEO Ken Farrell will serve as Cadence Bank Division President - Southeast Georgia [4] Transaction Process - The merger has been unanimously approved by the boards of directors of both companies [5] - The transaction is anticipated to close during the third quarter of 2025, pending regulatory approval, FCB Financial Corp shareholder approval, and satisfaction of other customary closing conditions [5] - FCB Financial Corp was advised by Janney Montgomery Scott LLC as financial advisor and Alston & Bird, LLP as legal counsel [5] Company Overview - Cadence Bank is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas [7] - The bank provides a full range of innovative banking and financial solutions including consumer banking, commercial banking, wealth management, and specialized lending services [7] Additional Information - An investor presentation regarding the merger has been posted on Cadence's Investor Relations site and furnished as an exhibit to a Current Report on Form 8-K filed with the Federal Reserve [6] - Cadence Bank and FCB Financial Corp will deliver a proxy statement and related offering materials to FCB Financial Corp shareholders seeking approval of the merger [11]

HOUSTON and TUPELO, Miss., Jan. 21, 2025 /PRNewswire/ -- Cadence Bank (NYSE: CADE) today announced the appointment of Fernando Araujo and Alice Rodriguez to its board of directors, effective Jan. 17, 2025. Araujo and Rodriguez join the board as independent directors. Fernando Araujo joins Cadence Bank's Board of Directors Alice Rodriguez joins Cadence Bank's Board of Directors Araujo is an accomplished executive with more than 30 years of experience in all aspects of oil and gas upstream operations. ...

Wall Street analysts forecast that Cadence (CADE) will report quarterly earnings of $0.68 per share in its upcoming release, pointing to a year-over-year increase of 70%. It is anticipated that revenues will amount to $457.2 million, exhibiting an increase of 1875% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projecti ...

Cadence (CADE) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 22. ...

HOUSTON and TUPELO, Miss., Dec. 30, 2024 /PRNewswire/ -- Cadence Bank (NYSE: CADE) (the Company) today announced it has adjourned its special meeting of shareholders held this afternoon until Monday, Jan. 27, 2025, at 3 p.m. Central Standard Time. The special meeting was adjourned to allow the Company additional time to solicit proxies from preferred shareholders in favor of a proposal (Proposal 2) to authorize the Cadence Bank board of directors to implement repurchases of stock in accordance with Regulati ...

The markets posted solid gains to turn November into the best-performing month of 2024. All three major indexes – S&P 500, Nasdaq and Dow Jones – witnessed substantial monthly upswings. Donald Trump’s win in the presidential election was the primary factor driving investor optimism. Strong economic growth and the Federal Reserve’s path for a rate cut in December also supported the bullish stance. Last month, all the sectors within the S&P 500 Index moved up. Among the top three best-performing sectors is th ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Cadence (CADE) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Cadence is one of 871 individual stocks in the Finance sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of ...

Core Insights - Cadence Bank has appointed Brad Silcox as executive vice president and president of asset management and trust [1][4] - Silcox brings 20 years of experience from Wilmington Trust, where he held various leadership roles [2] - The bank emphasizes a culture of respect, diversity, equity, inclusion, and belonging [6] Company Overview - Cadence Bank is a regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South and Texas [6] - The bank offers a full range of banking and financial solutions, including consumer banking, commercial banking, wealth management, and investment services [6] - Cadence Bank is committed to fostering a collaborative environment and building strong client relationships [4][6]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Eve ...

Cadence (CADE) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this bank, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near ...