TUPELO,
Miss. and HOUSTON,
April 27,
2022 /PRNewswire/ -- At its regular quarterly meeting
today, the Board of Directors of Cadence
Bank (NYSE: CADE) (Cadence) declared a quarterly cash
dividend of $0.22 per share of common
stock. The common stock dividend is payable on July 1, 2022, to shareholders of record at the
close of business on June 15,
2022.
The board of directors also declared a quarterly cash dividend
of $0.34375 per share of Series A
Preferred Stock. The preferred stock dividend is payable on
May 20, 2022, to shareholders of
record at the close of business on May 5,
2022.
Cadence earlier reported financial results for the first quarter
of 2022. Net income available to common shareholders was
$112.6 million, or $0.60 per diluted share, and adjusted income
available to common shareholders was $121.6
million, or $0.65 per diluted
share.
About Cadence
Bank
Cadence Bank
(NYSE: CADE) is a leading regional banking franchise with
approximately $47 billion in assets
and more than 400 branch locations across the South, Midwest and
Texas. Cadence provides consumers,
businesses and corporations with a full range of innovative banking
and financial solutions. Services and products include consumer
banking, consumer loans, mortgages, home equity lines and loans,
credit cards, commercial and business banking, treasury management,
specialized lending, asset-based lending, commercial real estate,
equipment financing, correspondent banking, SBA lending, foreign
exchange, wealth management, investment and trust services,
financial planning, retirement plan management, and personal and
business insurance. Cadence is committed to a culture of respect,
diversity and inclusion in both its workplace and communities.
Cadence Bank, Member FDIC. Equal
Housing Lender.
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SOURCE Cadence Bank