Gold prices dip as hawkish Fed minutes weigh ahead of Jackson Hole
HOUSTON and TUPELO, Miss. – Cadence Bank (NYSE: CADE), a regional financial institution currently trading at $28.85 per share, has announced a new share repurchase program that authorizes the buyback of up to 10 million shares of its common stock. The program’s commencement is contingent upon receiving approval from the Federal Reserve and is set to expire on December 31, 2025. According to InvestingPro data, the bank has maintained dividend payments for 41 consecutive years, demonstrating a strong commitment to shareholder returns.
This repurchase initiative provides Cadence with the flexibility to acquire shares through various methods, including open market transactions, privately negotiated deals, or other legal and regulatory-compliant avenues. The specifics of the repurchase, such as the timing, number of shares, and pricing, will be determined by the company’s management based on a range of factors. These include Cadence’s financial performance, market conditions, and other potential capital uses. The timing appears strategic, as InvestingPro data shows the stock has fallen significantly over the last three months, with a year-to-date decline of nearly 15%.
While the program empowers Cadence’s Board of Directors to repurchase shares, it does not obligate the bank to conduct any buybacks and can be altered or terminated at the board’s discretion.
Cadence Bank, with a market capitalization of $50 billion, operates more than 350 locations across the South and Texas. The bank offers a suite of services including banking, investment, trust, and mortgage solutions. It has been recognized by Forbes and U.S. News & World Report as one of the nation’s top employers and was named as one of America’s Best Banks in 2025 by Forbes.
The bank’s forward-looking statements regarding the repurchase program are subject to various risks and uncertainties, and actual results may differ materially from those projected. While analysts predict the company will remain profitable this year, eight analysts have recently revised their earnings downwards for the upcoming period, according to InvestingPro. The bank cautions against placing undue reliance on these forward-looking statements, which are valid only as of the date of the announcement.
This share repurchase program is based on a press release statement from Cadence Bank and reflects the company’s strategic efforts to manage its capital effectively.
In other recent news, Cadence Bancorp reported first-quarter earnings that exceeded analysts’ expectations with an earnings per share (EPS) of $0.71, surpassing the forecast of $0.64. However, the company’s revenue slightly missed projections, coming in at $448.6 million against a forecast of $451.3 million. The bank also completed the acquisition of First Chatham Bank, expanding its presence in Georgia. Analysts from DA Davidson and Keefe, Bruyette & Woods have adjusted their price targets for Cadence Bancorp, reducing them to $37 and $38, respectively, while maintaining positive ratings. DA Davidson highlighted Cadence Bancorp’s robust loan growth and stable net interest margin, projecting a positive net interest income trajectory for the year. Keefe, Bruyette & Woods noted the bank’s pre-provision net revenue exceeded expectations, despite a flatter net interest margin outlook. Both firms acknowledged Cadence Bancorp’s strategic focus on organic growth and potential mergers and acquisitions. Investors will be observing how these developments and the bank’s strategic initiatives impact its future performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.