Cadence Bank(US:CADE)2025-07-24 15:00Financial Performance - Adjusted net income available to common shareholders reached $137.5 million, resulting in an adjusted EPS of $0.73[3, 4] - Adjusted pre-tax pre-provision net revenue (PPNR) hit a record $206.0 million, an 8.4% increase compared to the first quarter of 2025[3, 4] - Net charge-offs for the second quarter of 2025 were $21.2 million, representing 0.24% of average net loans and leases on an annualized basis[30, 33] Balance Sheet Growth - Net organic loan growth was $1.1 billion for 2Q25, translating to an annualized rate of 12.6%[4] - Core organic customer deposit balances grew by $376 million, or 4.4% on an annualized basis[4] - Total deposits reached $40.5 billion as of June 30, 2025, a $0.2 billion increase from the previous quarter[11, 13] - Loans and leases increased by $1.4 billion to $35.5 billion from the end of the first quarter of 2025[14, 16] Acquisitions - Completed the acquisition of FCB Financial Corp, adding approximately $604 million in assets[4, 6] - Completed the acquisition of Industry Bancshares, Inc, adding approximately $4.1 billion in assets[4, 8, 10] Capital and Credit Quality - Maintained strong regulatory capital with a Common Equity Tier 1 Capital of 12.2% and Total Capital of 13.8%[3, 4] - Total shareholders' equity was $5.9 billion at June 30, 2025[58, 60]