Cadence Bank 2025年第二季度报告

Will FisackerlyExecutive Vice PresidentDirector of Corporate Finance Valerie C. ToalsonSenior Executive Vice PresidentChief Financial Officer and President -Banking Services713/871-3903 662/680-2475 Cadence Bank Announces Third Quarter 2025 Financial Results HOUSTON and TUPELO, Miss. - October 20, 2025/PRNewswire – Cadence Bank (NYSE: CADE) (theCompany), today announced financial results for the quarter ended September 30, 2025. Highlights for the third quarter of 2025 included: •Reported quarterly net income available to common shareholders of $127.5 million, or $0.67 perdiluted common share, and adjusted net income available to common shareholders(1)of $152.8million, or $0.81 per diluted common share. •Achieved quarterly adjusted pre-tax pre-provision net revenue (PPNR)(1)of $224.1 million, anincrease of $34.1 million, or 18.0% compared to the third quarter of 2024 and an increase of $18.1million, or 8.8%, from the second quarter of 2025.•Effective July 1, 2025, completed the acquisition of Industry Bancshares, Inc., the parent companyof Industry State Bank, The First National Bank of Bellville, Fayetteville Bank, Citizens StateBank, The First National Bank of Shiner and Bank of Brenham, which added approximately $4.1billion in assets.•Converted First Chatham Bank, acquired on May 1, 2025, to Cadence systems and branding inAugust 2025, and in October 2025, converted the Industry Bancshares banks to Cadence systemsand branding.•Total loans grew $1.3 billion in the third quarter of 2025, including approximately $1.0 billionthrough acquisition and $0.3 billion in net organic growth.•Total deposits grew $3.4 billion in the third quarter of 2025, with core customer deposits up $3.1billion reflecting growth from the Company’s recent acquisitions.•Net interest margin improved to 3.46% for the third quarter of 2025, which represents an increaseof 6 basis points compared to the second quarter of 2025, driven by improved securities yields anda decline in overall funding costs.•Tangible book value per common share(1)of $22.82 at September 30, 2025 declined $0.12 linkedquarter, with the decline due to the initial impact of the Industry acquisition, partially offset bystrong operating earnings and improved AOCI in the quarter.•Maintained strong regulatory capital with Common Equity Tier 1 Capital of 11.5% and TotalCapital of 13.1%. CADE Announces Third Quarter 2025 Financial ResultsOctober 20, 2025 “Our third quarter results reflect strong earnings, including PPNR and adjusted earnings per share, as wecontinue to fire on all cylinders across our Company," remarked Dan Rollins, Chairman and ChiefExecutiveOfficer of Cadence Bank.“These results were achieved through steady loan growth,improvement in our net interest margin, continued operating efficiency, and stable credit quality. We arealso very pleased to have completed the acquisition of Industry Bancshares, Inc. effective July 1, 2025 aswell as the operational integrations of both Industry and First Chatham Bank, and now operate as onebank.These newly merged banks have done an outstanding job retaining and building on customerrelationships through the integration process, and we look forward to continuing to grow in theseimportant markets.” Earnings Summary For the third quarter of 2025, the Company reported net income available to common shareholders of$127.5 million, or $0.67 per diluted common share, compared to $134.1 million, or $0.72 per dilutedcommon share, for the third quarter of 2024 and $129.9 million, or $0.69 per diluted common share, forthe second quarter of 2025. Adjusted net income available to common shareholders(1)was $152.8 million,or $0.81 per diluted common share, for the third quarter of 2025, compared with $135.6 million, or $0.73per diluted common share, for the third quarter of 2024 and $137.5 million, or $0.73 per diluted commonshare, for the second quarter of 2025. Return on average assets was 0.95% for the third quarter of 2025, compared to 1.14% for the third quarterof 2024 and 1.09% second quarter of 2025. Adjusted return on average assets(1)was 1.13% for the thirdquarter of 2025, compared to 1.15% in the third quarter of 2024 and 1.14% in the second quarter of 2025.Additionally, the Company reported adjusted PPNR(1)of $224.1 million, or 1.64% of average assets on anannualized basis, for the third quarter of 2025, which represents an increase of $34.1 million, or 18.0%,compared to the third quarter of 2024 and an increase of $18.1 million, or 8.8% compared to the secondquarter of 2025. Net Interest Revenue Net interest revenue was $423.7 million for the third quarter of 2025, compared to $361.5 million for thethird quarter of 2024 and $378.1 million for the second quarter of 2025. The net interest margin (fullytaxable equivalent) was 3.46% for the third quarter of 2025, compared with 3.31% for the third quarter of2024 and 3.40% for the second quarter of 2025. Net interest revenue increased $45.6 million, or 12.1%, compare