Cadence Bank (NYSE:CADE) Q3 2023 Earnings Conference Call October 24, 2023 11:00 AM ET Dan Rollins - Chairman & Chief Executive Officer Billy Braddock - Chief Credit Officer Michael Rose - Raymond James Brody Preston - UBS Operator Will Fisackerly Dan Rollins Will Fisackerly - Director of Corporate Finance Chris Bagley - President Manan Gosalia - Morgan Stanley Catherine Mealor - KBW Jon Arfstrom - RBC Capital Markets I would now like to turn the conference over to Will Fisackerly, Director of Finance. Plea ...

Dan Rollins – Chairman and Chief Executive Officer Matt Olney – Stephens Data processing and software expenses declined $3.9 million on a linked quarter basis, including the result of savings associated with vendor contracts and service agreements. Finally, other miscellaneous expenses declined $3.6 million compared to the first quarter, including lower levels of fraud losses as well as several other smaller items through various miscellaneous expense categories. Catherine Mealor Dan Rollins Yes. Most of th ...

Available-for-Sale Securities(2) 13 % of Total Revenue 28.4% 17.3% 27.8% • Insurance commission revenue continues to be strong at $45.6 million for the second quarter of 2023, compared with $40.0 million for the second quarter of 2022 and $39.6 million for the first quarter of 2023. The linked quarter increase of $6.0 million was primarily in property and casualty commissions and was driven by successful client acquisition efforts as well as continued upward pressure on policy rates. Adjusted Noninterest Ex ...

Hank Holmes The other thing, I would add is that securities portfolio has room to decline a little more. We are comfortable in the 15% to 20% of asset range and just this year there's anticipated $1.5 billion of cash flow off of that securities portfolio as well that can also fund loan growth. Chris Bagley I'll turn it over -- Hank, anything you want to add? Does that help you, Kevin? And our next question will come from Brett Rabatin with Hovde Group. Please go ahead with your question. Brett Rabatin Valer ...

| --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------|----------|---------|---------|---------|----------| | | 12/31/22 | 9/30/22 | 6/30/22 | 3/31/22 | 12/31/21 | | Assets | | | | | | | Cash and Due from Banks $756.9 $694.0 $770.3 $781.3 $656.1 | | | | | | | Deposits with Other Banks & Fed Funds 1,241.2 895.6 1,069.4 880.7 638.5 | | | | | | | Available-for-sale securities, at fair value 11,944.1 12,441.9 13,450.6 14,371.6 15,606.5 ...

Full Year and Fourth Quarter 2022 Financial Results Full Year 2022 Financial Highlights Earnings Highlights ● Adjusted pre-tax pre-provision net revenue(1) of $722.3 million in 2022, or 1.52% of average assets for the year. Balance Sheet ● The stable credit environment combined with a continued disciplined credit risk management approach contributed to strong asset quality metrics for the year. Credit ● Total revenue of $1.8 billion in 2022 up $660.5 million or 55.8% from 2021, reflecting the full year impa ...

Good morning. Thank you for joining the Cadence Bank fourth quarter 2022 earnings conference call. We have our executive management team here with us this morning, Dan, Paul, Chris, Valerie and Hank. James Rollins Our fourth quarter results were again very diverse from a product and geographic standpoint. We had six of the seven regions within our Company report net growth for the quarter and our corporate banking team had another outstanding quarter. We also continue to see favorable results from many of o ...

Cadence Bank (NYSE:CADE) Q3 2022 Earnings Conference Call October 25, 2022 11:00 AM ET Company Participants Will Fisackerly - Director of Corporate Finance James Rollins - Chairman & CEO Valerie Toalson - Senior EVP & CFO Chris Bagley - President Hank Holmes - Senior EVP & Chief Banking Officer Paul Murphy - Executive Vice Chairman Conference Call Participants Michael Rose - Raymond James Brad Milsaps - Piper Sandler Jennifer Demba - Truist Securities Kevin Fitzsimmons - D.A. Davidson Catherine Mealor - KBW ...

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 ...