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Cadence Bank (CADE)

(Delayed Data from NYSE)

$27.67 USD

27.67
846,634

-0.65 (-2.30%)

Updated Apr 30, 2024 04:00 PM ET

After-Market: $27.66 -0.01 (-0.04%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 35% (89 out of 251)

Industry: Banks - Southeast

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Balance Sheet

Research for CADE

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Cadence Bank falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 4,232 1,998 1,295 417 333
Receivables 32,029 29,909 26,437 14,884 14,036
Notes Receivable 0 0 0 0 0
Inventories 186 188 340 397 210
Other Current Assets 0 0 0 0 0
Total Current Assets 36,448 32,095 28,071 15,699 14,579
Net Property & Equipment 802 817 786 508 481
Investments & Advances 8,075 11,944 15,606 6,231 4,482
Other Non-Current Assets 0 0 0 11 7
Deferred Charges 0 0 0 0 0
Intangibles 1,468 1,592 1,606 908 886
Deposits & Other Assets 2,141 2,205 1,599 724 618
Total Assets 48,935 48,653 47,670 24,081 21,053
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 3,952 4,009 1,282 638 1,238
Accounts Payable 38,497 38,957 39,818 19,846 16,411
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 11 15
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 42,449 42,966 41,100 20,495 17,664
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 438 463 482 302 302
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 880 914 839 462 402
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 43,767 44,342 42,422 21,259 18,368
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 167 167 167 167 167
Common Stock (Par) 457 456 471 256 261
Capital Surplus 2,743 2,709 2,842 565 606
Retained Earnings 2,562 2,201 1,908 1,822 1,713
Other Equity -762 -1,223 -139 12 -63
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 5,168 4,311 5,248 2,822 2,685
Total Liabilities & Shareholder's Equity 48,935 48,653 47,670 24,081 21,053
Total Common Equity 5,001 4,144 5,081 2,655 2,518
Shares Outstanding 182.60 108.60 108.60 102.50 104.50
Book Value Per Share 27.39 38.16 46.79 25.91 24.10

Fiscal Year End for Cadence Bank falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -96,962 4,232 1,998 1,731 5,112
Receivables 32,410 32,029 32,074 32,091 30,829
Notes Receivable NA 0 0 0 0
Inventories 170 186 162 193 196
Other Current Assets NA 0 0 0 0
Total Current Assets 35,617 36,448 34,234 34,015 36,137
Net Property & Equipment 823 802 818 830 826
Investments & Advances 8,307 8,075 9,643 10,255 10,878
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles 1,464 1,468 1,573 1,578 1,585
Deposits & Other Assets 2,104 2,141 2,254 2,161 2,266
Total Assets 48,314 48,935 48,523 48,839 51,693
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 3,594 3,952 4,363 4,291 6,472
Accounts Payable 38,120 38,497 38,345 38,702 39,406
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities 41,715 42,449 42,708 42,993 45,878
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt 430 438 449 450 462
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities 979 971 910 863
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities 43,124 43,767 44,128 44,353 47,203
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 167 167 167 167 167
Common Stock (Par) 457 457 457 457 457
Capital Surplus 2,725 2,743 2,733 2,724 2,716
Retained Earnings 2,633 2,562 2,349 2,301 2,233
Other Equity -791 -762 -1,310 -1,163 -1,082
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity 5,190 5,168 4,395 4,486 4,490
Total Liabilities & Shareholder's Equity 48,314 48,935 48,523 48,839 51,693
Total Common Equity 5,023 5,001 4,228 4,319 4,323
Shares Outstanding 182.60 182.60 182.60 182.60 108.60
Book Value Per Share 27.51 27.39 23.16 23.65 39.81