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 ...

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 ...

Cadence Bank (NYSE:CADE) Q4 2021 Earnings Conference Call January 26, 2022 11:00 AM ET Company Participants James Rollins - Chairman and Chief Executive Officer Paul Murphy - Executive Vice Chairman Valerie Toalson - Chief Financial Officer Chris Bagley - President Hank Holmes - Chief Banking Officer Conference Call Participants Michael Rose - Raymond James & Associates, Inc. Jon Arfstrom - RBC Capital Markets. Catherine Mealor - Keefe, Bruyette, & Woods, Inc. Bradley Milsaps - Piper Sandler & Co. Kevin Fit ...

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, ...