Cadence Bank(US:CADE) Prnewswire·2026-01-22 11:55Core 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].