#United States #Houston #share repurchase #Cadence Bank #NYSE CADE

Cadence Bank's New Share Repurchase Program

On April 25, 2025, Cadence Bank, a key player in the financial services sector, announced a significant new initiative that aims to bolster shareholder value through a comprehensive share repurchase program. The Board of Directors has approved this strategy which allows the bank to buy back up to 10 million of its common shares (NYSE: CADE). This move reaffirms Cadence's commitment to enhancing shareholder returns and maintaining a robust capital structure.

Program Details

The share repurchase program is contingent upon approval from the Federal Reserve, ensuring that it aligns with regulatory guidance and maintains the necessary oversight. The program is set to last until December 31, 2025, but can be modified or terminated at the discretion of Cadence's Board of Directors. This flexible approach is designed to allow management to adapt the program based on several important factors, including the bank's capital position, liquidity, overall financial performance, and prevailing market conditions.

The mechanism for share repurchases will include open market transactions at current market prices and privately negotiated transactions. This broad range of purchasing options is intended to help Cadence execute the repurchase effectively and efficiently.

Strategic Goals

Cadence Bank's decision to initiate this repurchase program can be seen as a strategic move to strengthen shareholder confidence and signal positive performance expectations in the future. By repurchasing shares, Cadence may enhance the value of remaining shares by reducing the supply, potentially leading to an increase in stock prices over time. This initiative comes as part of a broader strategy to optimize capital use while ensuring that any action taken aligns with federal securities laws.

For investors and stakeholders, understanding the timing of these purchases, the methods employed, and the market's reaction will be crucial. It is important to note that although the shareholders can expect a robust effort towards share buybacks, there’s no guaranteed commitment for periodic purchases under this repurchase plan.

About Cadence Bank

Cadence Bank operates with a clear vision of supporting the financial needs of individuals, businesses, and communities across the Southern states and Texas. With a history dating back nearly 150 years, it has grown into a $50 billion regional bank with more than 350 locations. It provides a diverse range of products including banking, investment, and mortgage services, ensuring that it can cater to a variety of customer needs.

Recently, Cadence has been recognized as one of America’s best banks by Forbes, showcasing its customer-centric approach and solid performance in the financial sector. The bank maintains its headquarters in both Houston, Texas, and Tupelo, Mississippi.

For further details about Cadence’s operations and this new share repurchase program, stakeholders are encouraged to visit CadenceBank.com.

Conclusion

The announcement of this share repurchase program is indicative of Cadence Bank's proactive approach to managing its financial health and shareholder relationships. As the program unfolds, both current and prospective investors will closely monitor how it impacts share price and overall market positioning in the coming years.