Cadence Bank (CADE) Q4 2025 earnings summary

Executive summary

• Net income available to common shareholders reached $532.6M for 2025, or $2.83 per diluted share; adjusted net income was $582.2M, or $3.10 per share, up 13.1% year-over-year.

• Record annual adjusted pre-tax pre-provision net revenue (PPNR) of $857.7M, up 16.1% from 2024.

• Strategic acquisitions of FCB Financial Corp. and Industry Bancshares added $4.7B in assets and expanded presence in Georgia and Texas.

• Entered definitive merger agreement with Huntington Bancshares, expected to close Feb 1, 2026, creating a top 10 national franchise with over $275B in assets.

Financial highlights

• Total loans grew $3.5B (10%) and total deposits $3.6B (9%) in 2025; organic loan growth was $2.2B (6.4%).

• Net interest margin improved 17 bps to 3.47% for 2025; Q4 margin was 3.55%, up 9 bps sequentially.

• Q4 net income available to common shareholders was $144.4M ($0.76/share); adjusted net income was $160.6M ($0.85/share).

• Q4 adjusted PPNR was $237.8M, up 29.2% year-over-year and 6.1% sequentially.

• Tangible book value per share rose to $23.69 at year-end, up $0.87 from Q3.

Outlook and guidance

• Pending merger with Huntington Bancshares expected to enhance growth and product offerings.

• Management anticipates continued earnings growth and balance sheet expansion post-merger.