Cadence Bank 2025年第三季度报告

HOUSTONandTUPELO, Miss.,July 23, 2025/PRNewswire/ --Cadence Bank(NYSE: CADE) (the Company), today announced financial results for the quarter endedJune 30, Highlights for the second quarter of 2025 included: Reported quarterly net income available to common shareholders of$129.9 million, or$0.69per diluted common share, and adjusted net income available to commonshareholders(1)of$137.5 million, or$0.73per diluted common share.Achieved quarterly adjusted pre-tax pre-provision net revenue (PPNR)(1)of$206.0 million, an increase of$15.1 million, or 7.9% compared to the second quarter of 2024 and anincrease of$16.0 million, or 8.4%, from the first quarter of 2025.Generated net organic loan growth of$1.1 billionfor the second quarter of 2025, or 12.6% on an annualized basis; core customer deposit balances, which exclude brokeredand public fund deposits, increased organically approximately$376.0 million, or 4.4% on an annualized basis. "Our second quarter results reflect another quarter of strong operating performance driven by continued organic balance sheet growth combined with the closing of theFirst Chatham transaction effective onMay 1," remarkedDan Rollins, Chairman and Chief Executive Officer ofCadence Bank. "Our continued balance sheet growth At its regular quarterly meeting today, the Board of Directors declared quarterly cash dividends of$0.275per share of common stock and$0.34375per share of Series APreferred Stock.The common stock dividend is payable onOctober 1, 2025to shareholders of record at the close of business onSeptember 15, 2025.The preferred stock Earnings Summary For the second quarter of 2025, the Company reported net income available to common shareholders of$129.9 million, or$0.69per diluted common share, compared to$135.1 million, or$0.73per diluted common share, for the second quarter of 2024 and$130.9 million, or$0.70per diluted common share, for the first quarter of 2025. Return on average assets was 1.09% for the second quarter of 2025, compared to 1.15% for both the second quarter of 2024 and the first quarter of 2025.Adjusted returnon average assets(1)was 1.14% for the second quarter of 2025, compared to 1.09% in the second quarter of 2024 and 1.15% in the first quarter of 2025. Additionally, the Net Interest Revenue Net interest revenue was$378.1 millionfor the second quarter of 2025, compared to$356.3 millionfor the second quarter of 2024 and$363.2 millionfor the first quarterof 2025. The net interest margin (fully taxable equivalent) was 3.40% for the second quarter of 2025, compared with 3.27% for the second quarter of 2024 and 3.46% for the Net interest revenue increased$15.0 million, or 4.1%, compared to the first quarter of 2025 due primarily to organic loan growth and increases in investment securities, aswell as an increase in day count and the closing of the First Chatham transaction. Purchase accounting accretion revenue was$2.6 millionfor the second quarter of 2025, Yield on net loans, loans held for sale and leases, excluding accretion, was 6.31% for the second quarter of 2025, up 1 basis point from 6.30% for the first quarter of 2025.Investment securities yielded 3.33% in the second quarter of 2025, improving from 3.00% for the first quarter of 2025.The average cost of total deposits of 2.30% for the Balance Sheet Activity Loans and leases, net of unearned income, increased to$35.5 billionatJune 30, 2025compared to$34.1 billionatMarch 31, 2025.Net organic loan growth of$1.1 billion,or 12.6% annualized, for the second quarter of 2025 was driven by diverse growth across asset classes in our community bank, corporate bank, private banking, and Total deposits were$40.5 billionas ofJune 30, 2025, increasing$0.2 billionfrom$40.3 billionat the end of the first quarter of 2025.Core customer deposits increasedorganically by$376.0 million, or 4.4% annualized, compared toMarch 31, 2025while brokered deposits declined$437.0 millionand public fund deposits declined$301.0 2025. Noninterest bearing deposits improved to 22.6% of total deposits at the end of the second quarter of 2025 compared to 21.2% at the end of the first quarter of 2025. Total investment securities increased$0.9 billionfromMarch 31, 2025to$8.8 billionatJune 30, 2025, representing 17.5% of total assets. Cash, due from balances anddeposits at the Federal Reserve of$1.5 billionatJune 30, 2025, was relatively flat compared to$1.6 billionatMarch 31, 2025. Credit Results, Provision for Credit Losses and Allowance for Credit Losses Credit metrics for the second quarter of 2025 reflected continued overall stability in credit quality. Net charge-offs for the second quarter of 2025 were$21.2 million, or0.24% of average net loans and leases on an annualized basis, compared with net charge-offs of$22.6 million, or 0.28%, for the second quarter of 2024 and net charge-offsof$23.0 million, or 0.27%, for the first quarter of 2025. The provision for credit losses for the second quarter of 2025 was$31.0 million,