Cadence Bancorporation

General Information
Business:

Today, we are a growth-oriented, middle-market focused commercial relationship bank providing a broad range of banking and wealth management services to businesses, high net worth individuals, business owners and retail customers through a network of 66 branches as of December 31, 2016, with branches in Alabama (25), Florida (14), Texas (12), Mississippi (11) and Tennessee (4). As of December 31, 2016, we had $9.5 billion of assets, $7.4 billion of gross loans, $8.0 billion in deposits and $1.1 billion in shareholder’s equity. We generated $65.8 million and $39.3 million of net income for the years ended December 31, 2016 and 2015, respectively.

Industry: NATIONAL COMMERCIAL BANKS
Employees: 1193
Founded: 2009
Contact Information
Address 2800 Post Oak Boulevard, Suite 3800, Houston, TX, US
Phone Number (713) 871-4000
Web Address https://www.cadencebank.com
View Prospectus: Cadence Bancorporation
Financial Information
Market Cap $1650.0mil
Revenues $335.0 mil (last 12 months)
Net Income $65.8 mil (last 12 months)
IPO Profile
Symbol CADE
Exchange NYSE
Shares (millions): 7.5
Price range $20.00 - $20.00
Est. $ Volume $150.0 mil
Manager / Joint Managers Goldman, Sachs/ J.P. Morgan/ Sandle/ O’Neill + Partners/ Keefe, Bruyette & Woods (A Stifel Company)
CO-Managers Baird/ Raymond James/ Stephens/ SunTrust Robinson Humphrey/ Tudor, Pickering, Holt
Expected To Trade: 4/13/2017
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change