Cadence Bank(US:CADE)2025-10-21 15:00Financial Highlights - Adjusted net income available to common shareholders reached $152.8 million[5], or $0.81 per diluted common share[6] - Adjusted pre-tax pre-provision net revenue (PPNR) was $224.1 million, an increase of 8.8% compared to the second quarter of 2025[5, 6] - Net interest margin improved to 3.46%, a linked quarter increase of 6 basis points[5, 6] - Total loans grew by $1.3 billion, including $1.0 billion through acquisition and $0.3 billion in net organic growth[6] - Total deposits grew by $3.4 billion, with core customer deposits up $3.1 billion[6] Acquisition and Expansion - Completed the acquisition of Industry Bancshares, Inc, adding approximately $4.1 billion in assets[6] - Converted First Chatham Bank and Industry Bancshares banks to Cadence systems and branding[6] Loan Portfolio - Total loans and leases increased $1.3 billion to $36.8 billion[10, 13] - Commercial and Industrial (C&I) loans represent 39.5% of total loans, totaling $14.5 billion[10, 14, 19] - Commercial Real Estate (CRE) loans represent 28% of total loans, totaling $10.4 billion[10, 20, 24] Credit Quality - Net charge-offs for 3Q25 were $23.6 million, or 0.26% of average net loans and leases on an annualized basis[27, 30] - Total nonperforming assets excluding government guaranteed assets were 0.41% of total assets[25, 30] Capital Strength - Total shareholders' equity was $6.1 billion[58, 60] - Common Equity Tier 1 capital was 11.5%[5, 58, 60] - Total Capital Ratio was 13.1%[5, 58, 60] Industry Bancshares Acquisition Update - Updated purchase accounting resulted in improved tangible common equity of $143 million and reduced goodwill of $133 million compared to initial estimates[64] - Recognized net deferred tax asset of $100 million, initially modeled at $20 million[61, 64]