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CADE Cadence Bancorporation

Cadence Bancorporation, headquartered in Houston, Texas, is a regional financial holding company with $18.4 billion in total assets as of September 30, 2020. Its wholly owned subsidiary, Cadence Bank, N.A., operates 99 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas, and provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Services and products include commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, payroll and insurance services, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. Clients have access to leading-edge online and mobile solutions, interactive teller machines, and more than 55,000 ATMs. The Cadence team of 1,800 associates is committed to exceeding customer expectations and helping their clients succeed financially.

Company profile

Ticker
CADE
Exchange
CEO
Paul Murphy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
Altera Payroll and Insurance, Inc. • Linscomb & Williams, Inc. • Cadence Investment Services, Inc. • SFS, LLC • Trico and Company LLC • Cadence Holdings, LLC • Cadence Capital, Inc. • NBC Capital Corporation ...

CADE stock data

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Calendar

5 Aug 21
22 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
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Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Oct 21 Edward H. Braddock Class A Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 22.48 333 7.49K 36,951
6 Oct 21 Holmes Rudolph H. Class A Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 22.48 741 16.66K 104,836
6 Oct 21 Paul B Murphy JR Class A Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 22.48 3,102 69.73K 537,023
6 Oct 21 Toalson Valerie Class A Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 22.48 688 15.47K 106,947
6 Oct 21 Schultz J. Randall Class A Common Stock, par value $0.01 per share Payment of exercise Dispose F No No 22.48 823 18.5K 54,066

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 232 226 +2.7%
Opened positions 43 42 +2.4%
Closed positions 37 41 -9.8%
Increased positions 56 64 -12.5%
Reduced positions 84 82 +2.4%
13F shares
Current Prev Q Change
Total value 2.15B 2.15B +0.1%
Total shares 102.93M 101.19M +1.7%
Total puts 0 13.6K EXIT
Total calls 24.4K 218K -88.8%
Total put/call ratio 0.1
Largest owners
Shares Value Change
BLK Blackrock 18.18M $379.68M -1.7%
Vanguard 13.41M $279.96M +1.4%
STT State Street 8.3M $173.27M -1.6%
Dimensional Fund Advisors 5.31M $110.86M -4.9%
Arp Americas 3.77M $78.79M NEW
Channing Capital Management 2.52M $52.66M +2.7%
Geode Capital Management 2.07M $43.22M -1.6%
GS Goldman Sachs 2.06M $42.91M -25.5%
Diamond Hill Capital Management 2.04M $42.52M +0.3%
Ranger Investment Management 1.66M $34.75M -2.3%
Largest transactions
Shares Bought/sold Change
Arp Americas 3.77M +3.77M NEW
Peregrine Capital Management 0 -1.07M EXIT
Jacobs Levy Equity Management 345.62K -1.01M -74.5%
C Citigroup 1.03M +822.25K +399.1%
CNH Partners 761.88K +761.88K NEW
GS Goldman Sachs 2.06M -702.55K -25.5%
JPM JPMorgan Chase & Co. 834.74K -664.2K -44.3%
Alpine Associates Management 632.93K +632.93K NEW
Ubs Oconnor 600K +600K NEW
Clearbridge Advisors 794.52K +594.34K +296.9%

Financial report summary

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Management Discussion
  • ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • On April 12, 2021, Cadence Bancorporation, a Delaware corporation (“Cadence”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with BancorpSouth Bank, a Mississippi-chartered bank (“BancorpSouth”), and Cadence’s bank subsidiary, Cadence Bank, N.A., a national association (“Cadence Bank”), entered into a related bank-level Agreement and Plan of Merger (the “Bank Merger Agreement”) with BancorpSouth, pursuant to which BancorpSouth and Cadence have agreed to effect a merger-of-equals transaction. The Merger Agreement provides that, upon the terms and subject to the conditions set forth therein, Cadence will merge with and into BancorpSouth (the “Merger”), with BancorpSouth continuing as the surviving entity. Immediately following the Merger, or at such later time as the parties may mutually agree, Cadence Bank will merge with and into BancorpSouth (the “Bank Merger”), with BancorpSouth continuing as the surviving entity. The Merger Agreement and the Bank Merger Agreement were unanimously approved by the Board of Directors of each of BancorpSouth, Cadence, and Cadence Bank.
  • The main office and bank headquarters of the combined company will be located in Tupelo, Mississippi and the corporate headquarters of the combined company will be located in Houston, Texas. The Chief Executive Officer, James D. Rollins, III, and the Executive Vice Chairman, Paul B. Murphy, Jr., of the combined company will maintain their respective principal offices in Tupelo, Mississippi and Houston, Texas. The name of the surviving entity will be Cadence Bank.
Content analysis
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H.S. sophomore Avg
New words: civil, Del, digital, DOJ, driver, enjoin, EPS, frame, freestanding, incomplete, Justice, led, live, Lo, merit, moratorium, nominal, Northern, Opportunity, outsourced, Parshall, pattern, peak, preliminary, premise, prevalent, promulgated, purported, Raul, recover, referral, refuse, repaid, statute, Stein, thereof, thereunder, trend, virtually, voluntarily, Waterman, weakened
Removed: accreted, accretion, Altera, borderline, county, discounted, dollar, EIR, equating, mismatch, NPI, positive, recently, slowdown, stage, trading, travel